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                            Ikhtisar Kinerja             Laporan Manajemen   Profil Perusahaan          Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report   Company Profile            Overview on Business Supports




                                                                                                 The Annual Report of PT Semen Baturaja Tbk
                                                                                                 for Fiscal Year 2023 is prepared based on the
                                                                                                 Company’s Articles of Association, Law No. 40
                                                                                                 of 2007 concerning Limited Liability Companies,
                                                                                                 Financial Services Authority Circular No. 16/
                                                                                                 SEOJK.04/2021 concerning Form and Content of
                                                                                                 Annual Reports of Issuers or Public Companies,
                                                                                                 and Regulation of the Minister of State-
                                                                                                 Owned Enterprises No.PER-2/MBU/03/2023
                                                                                                 of 2023 on Guidelines for Governance and
                                                                                                 Significant Corporate Activities of State-Owned
                                                                                                 Enterprises.


                                                                                                 The Annual Report of PT Semen Baturaja Tbk for
Metode Penyusunan dan                                                                            Fiscal Year 2023 is presented in two languages,
                                                                                                 namely Indonesian and English, using an easy-
Tentang Laporan Tahunan                                                                          to-read font type and size, and high-quality
                                                                                                 printing. This Annual Report can also be viewed
Preparation Method and About                                                                     and downloaded from the official website,
Annual Report                                                                                    https://semenbaturaja. co.id/.


Laporan Tahunan PT Semen Baturaja Tbk Tahun Buku 2023, dengan
tema “Meningkatkan Keunggulan dengan Sinergi dan Kolaborasi dalam
Harmoni” atau “Increasing Excellence through Synergy and Collaboration
in Harmony”, disusun berdasarkan pada Anggaran Dasar Perusahaan;
Undang-Undang No. 40 Tahun 2007 tentang Perseroan Terbatas; Surat
Edaran Otoritas Jasa Keuangan No. 16/SEOJK.04/2021 tentang Bentuk
dan Isi Laporan Tahunan Emiten atau Perusahaan Publik; dan Peraturan
Menteri Badan Usaha Milik Negara Nomor PER-2/MBU/03/2023 Tahun
2023 tentang Pedoman Tata Kelola Dan Kegiatan Korporasi Signifikan
Badan Usaha Milik Negara.


Laporan Tahunan PT Semen Baturaja Tbk Tahun Buku 2023, disajikan
dalam 2 (dua) bahasa yaitu Bahasa Indonesia, dan Bahasa Inggris. Laporan
Tahunan ini menggunakan jenis dan ukuran huruf yang mudah di baca dan
di cetak dengan kualitas yang baik. Laporan Tahunan ini juga dapat dilihat
dan di unduh di website resmi, yakni https://semenbaturaja.co.id/.




          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance            Corporate Social and Environmental Responsibility




Sanggahan dan Batasan Tanggung Jawab
Disclaimer

Laporan Tahunan ini memuat pernyataan mengenai kondisi                        This Annual Report contains statements about the financial
keuangan, hasil operasi, proyeksi, rencana, strategi,                         condition, operating results, projections, plans, strategies,
kebijakan, serta tujuan Perusahaan, yang digolongkan                          policies, and objectives of the Company. These statements
sebagai pernyataan ke depan dalam pelaksanaan perundang-                      are considered forward-looking statements according to
undangan yang berlaku, kecuali hal-hal yang bersifat historis.                applicable laws and regulations, except for historical matters.
Pernyataan-pernyataan tersebut memiliki prospek risiko,                       Such statements involve risks and uncertainties, and actual
ketidakpastian, serta dapat mengakibatkan perkembangan                        developments may materially differ from those reported.
aktual secara material berbeda dari yang dilaporkan.


Pernyataan-pernyataan prospektif dalam Laporan Tahunan                        The forward-looking statements in this Annual Report are
ini dibuat berdasarkan berbagai asumsi mengenai kondisi                       based on various assumptions regarding the current and
terkini dan kondisi mendatang Perusahaan, serta lingkungan                    future conditions of the Company, as well as the business
bisnis di mana Perusahaan menjalankan kegiatan usaha.                         environment in which it operates. The Company does not
Perusahaan tidak menjamin bahwa dokumen-dokumen yang                          guarantee that the validity of these statements will result in
telah dipastikan keabsahannya ini, akan membawa hasil-hasil                   certain outcomes in the future.
tertentu di masa yang akan datang.


Di dalam Laporan Tahunan ini, terdapat penyebutan kata                        In this Annual Report, the term ‘Company’, ‘Semen Baturaja’,
“Perusahaan, “Semen Baturaja” atau “SMBR” yang didefinisikan                  or ‘SMBR’ refers to PT Semen Baturaja Tbk, which operates in
sebagai PT Semen Baturaja Tbk yang menjalankan usaha di                       the cement industry. In addition, the currency unit ‘Rupiah’,
bidang industri persemenan. Selain itu, terdapat penyebutan                   ‘Rp’, or ‘IDR’ refers to the official currency of the Republic of
untuk satuan mata uang dengan kata “Rupiah”, “Rp”, atau                       Indonesia. In this Annual Report, all financial information is
“IDR”, merujuk pada mata uang resmi Republik Indonesia.                       presented in Rupiah in accordance with Indonesian Financial
Informasi mengenai data keuangan yang disajikan dalam                         Accounting Standards.
Laporan Tahunan ini menggunakan mata uang Rupiah, hal ini
sesuai dengan Standar Akuntansi Keuangan Indonesia.




                                                                                                    2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                   1
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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Tema 2023                                                                                                  2023
2023 Theme                                                                                                 Meningkatkan
                                                                                                           Keunggulan
                                                                                                           Dengan Sinergi
                                                                                                           dan Kolaborasi
                                                                                                           Dalam Harmoni
                                                                                                           Increasing Excellence
                                                                                                           through Synergy
                                                                                                           and Collaboration in
                                                                                                           Harmony




PT Semen Baturaja Tbk hadir menjadi produsen semen                           PT Semen Baturaja presents as the largest and leading cement
terbesar di wilayah Sumatera Selatan, dan terdepan di                        producer in the South Sumatra area of Indonesia. Semen
Indonesia. Semen Baturaja akan terus memberikan kontribusi                   Baturaja will continuously provide the best contribution by
terbaik dengan menghasilkan produk dan layanan yang unggul                   producing excellent and quality products and services for
dan berkualitas kepada konsumen. Dengan bergabungnya                         consumers. By joining the ecosystem of Semen Indonesia
Semen Baturaja ke dalam ekosistem Semen Indonesia (SIG),                     (SIG), Semen Baturaja will increasingly strengthen its position
akan semakin menguatkan posisi Perusahaan di industri                        in the Indonesian cement industry. This effort becomes a
semen di Indonesia. Upaya tersebut menjadi sebuah langkah                    strategic measure for the Company to establish harmonious
strategis bagi Semen Baturaja untuk menjalin hubungan yang                   relationships by synergizing and collaborating with various
harmoni dengan melakukan sinergi dan kolaborasi kepada                       parties. The synergy and collaboration are carried out with
berbagai pihak. Sinergi dan kolaborasi ini dilakukan dengan                  the aim of increasing the Company’s potential and excellence.
tujuan untuk meningkatkan potensi, dan keunggulan yang                       Semen Baturaja will become increasingly excellent, stronger,
dimiliki oleh Perusahaan. Semen Baturaja akan semakin                        and grow in a sustainable manner. Through synergy and
unggul, dan kuat, serta tumbuh secara berkelanjutan. Melalui                 cooperation, it is expected that Semen Baturaja can
sinergi dan Kerjasama yang dilakukan, diharapkan Semen                       accelerate and realize the Company's goal of becoming the
Baturaja dapat mempercepat, dan mewujudkan tujuan                            leading green cement-based building material Company in
Perusahaan untuk menjadi green cement based building                         Indonesia.
material company terdepan di Indonesia.




2         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance           Corporate Social and Environmental Responsibility




Kesinambungan Tema
Theme Continuity


                               MERAIH PELUANG MELALUI COST LEADERSHIP, PENGUATAN

     2022                      POSISI PASAR DAN PENINGKATAN KOMPETENSI
                               Seizing Opportunities with Cost Leadership, Strengthen
                               Market Position and Competency Improvement


Semen Baturaja terus berupaya untuk meningkatkan kinerja                      Semen Baturaja is committed to improving its performance
Perusahaan, melalui inisiatif strategi yang inovatif dan efektif              through innovative and effective strategic initiatives, in
dalam menghadapi persaingan di industri semen nasional                        response to the increasingly competitive national cement
yang semakin kompetitif dan upaya untuk menciptakan                           industry, while striving for sustainable growth. The Company
pertumbuhan kinerja yang berkelanjutan. Perusahaan telah                      has formulated various policies and strategic initiatives,
merumuskan berbagai kebijakan dan inisiatif strategis                         which are being implemented while complying with
yang tengah dijalankan tentunya dengan tetap mematuhi                         applicable regulations and considering potential risks. The
regulasi yang berlaku serta memperhatikan aspek risiko yang                   Company aims to increase sales volume and market share by
mungkin akan timbul. Perusahaan terus berupaya mencapai                       strengthening customer relations, while also implementing
peningkatan volume penjualan dan market share melalui                         cost-efficient practices in production, logistics, and finance.
penguatan customer relation. Perusahaan juga melakukan                        One such initiative is the Industry-based Plant Automation
berbagai upaya efisiensi biaya di berbagai bidang, seperti                    Program 4.0. Additionally, the Company is focused on
biaya produksi, logistik dan keuangan salah satunya dengan                    improving its human resources through the Competency
menjalankan program plant automation berbasis industri                        Improvement of Employee initiative, consistently developing
4.0. Perusahaan pun memberikan perhatian penuh terhadap                       professional and skilled personnel to face competition and
aspek SDM melalui inisiatif Competency Improvement of                         seize opportunities to improve the Company’s performance.
Employee yang secara konsisten terus dikembangkan
untuk menciptakan SDM yang unggul dan profesional dalam
rangka menghadapi persaingan dan meraih peluang untuk
peningkatan kinerja Perusahaan.




      2021                     MEMPERKUAT KINERJA MELALUI KOLABORASI & DIGITALISASI
                               Strengthening Performance through Collaboration and Digitalization



Sebagai kelanjutan dari tema tahun 2020, “Rising to                           Continuing the theme of ‘Rising to the Challenge’ from 2020,
the Challenge”, Semen Baturaja pada tahun 2021 terus                          Semen Baturaja will intensify operational efficiency measures
mengintensifkan langkah-langkah efisiensi operasional dan                     and optimize resources in 2021. The Company will also focus
optimalisasi sumber daya dari tahun sebelumnya. Perusahaan                    on strengthening collaboration and digitalization to drive
juga berupaya memperkuat kolaborasi dan digitalisasi dalam                    sales and expand market share. With positive momentum
rangka mendorong penjualan dan memperluas pangsa pasar.                       in market demand, these steps have contributed to the
Bersama dengan momentum permintaan pasar yang mulai                           Company’s improved performance in 2021.
bergerak positif, langkah-langkah kolaborasi dan digitalisasi
tersebut berhasil mengangkat kinerja Perusahaan menjadi
lebih baik pada tahun 2021.




                                                                                                   2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights         Management Report      Company Profile     Overview on Business Supports




Kesinambungan Tema
Theme Continuity




    2020                       BANGKIT MENGHADAPI TANTANGAN
                               Rising to The Challenge



Tahun 2020 menghadirkan tantangan berat bagi Perusahaan.                       In 2020, the Company faced tough challenges, as the domestic
Saat industri semen dalam negeri masih dalam kondisi                           cement industry was still experiencing overcapacity and
kelebihan kapasitas, permintaan pasar justru melemah                           market demand weakened due to the COVID-19 pandemic.
sebagai dampak dari merebaknya pandemi COVID-19.                               In response, the Company swiftly adapted through a series
Menghadapi      tantangan        tersebut,           Perusahaan        sigap   of initiatives focused on operational efficiency and resource
menyesuaikan diri melalui serangkaian inisiatif ke arah                        optimization. Innovation was encouraged to identify new
efisiensi operasional dan optimalisasi sumber daya.                            opportunities for performance improvement, while synergy
Kemampuan      inovasi      didorong          untuk      mengidentifikasi      and collaboration between units and employees were
peluang-peluang baru untuk meningkatkan kinerja. Sinergi                       strengthened. Through these steps, the Company maximized
dan kolaborasi antar-unit dan antar-karyawan juga terus                        its potential to survive in a difficult business environment and
digalang dan semakin diperkuat. Melalui langkah-langkah                        laid a solid foundation to achieve growth when conditions
tersebut, Perusahaan mampu memaksimalkan potensi yang                          recover in the coming years.
ada untuk bertahan dalam kondisi lingkungan usaha yang
sulit, dan sekaligus mempersiapkan landasan yang kokoh
untuk mampu meraih pertumbuhan saat kondisi kembali
pulih di tahun-tahun mendatang.




     2019                      MENDORONG INOVASI DALAM MENGEMBANGKAN HUBUNGAN
                               Driven to Innovate Growing Network



Perusahaan meyakini bahwa inovasi dan perubahan di                             Semen Baturaja believes that innovation and change are
dalam Semen Baturaja merupakan kunci dari pertumbuhan                          the key to sustainable growth, and can maintain enthusiasm
berkesinambungan dan dapat menjaga semangat kerja                              among employees to face existing challenges. The Company’s
demi menghadapi tantangan yang ada. Usaha Perusahaan                           efforts to generate profits, business opportunities, and
menciptakan laba, peluang usaha, dan operasi yang baik                         improve operations require support from all stakeholders.
tentunya membutuhkan dukungan seluruh stakeholders.                            Therefore, developing good relations with stakeholders is
Mengembangkan hubungan baik dengan stakeholders juga                           also a focus of the Company’s improvement efforts in 2019.
menjadi fokus perbaikan Perusahaan di tahun 2019.




4         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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             Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
             Management Discussion and Analysis   Good Corporate Governance          Corporate Social and Environmental Responsibility




                               Table of Contents




                         20                       Kilas Kinerja
                                                  Performance Highlights



                        40                        Laporan Manajemen
                                                  Management Report



                        88                        Profil Perusahaan
Daftar Isi

                                                  Company Profile




              206                                 Tinjauan Unit Pendukung Bisnis
                                                  Overview on Business Supports



              252                                 Analisis dan Pembahasan Manajemen
                                                  Management Discussion and Analysis



               336                                Tata Kelola Perusahaan yang Baik
                                                  Good Corporate Governance



             608
                                                  Tanggung Jawab Sosial dan Lingkungan
                                                  Corporate Social and Environmental
                                                  Responsibility




                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report      Company Profile      Overview on Business Supports




Daftar Isi
Table of Contents


      Metode Penyusunan dan Tentang                   2       Tema 2023                                10       Pencapaian Kinerja 2023
      Laporan Tahunan                                         2023 Theme                                        Performance Achievements 2023
      Preparation Method and About Annual             3       Kesinambungan Tema                       14       Keunggulan Kami
      Report                                                  Theme Continuity                                  Our Excellence
1     Sanggahan dan Batasan Tanggung                  5       Daftar Isi
      Jawab                                                   Table of Contents
      Disclaimer




      01         Ikhtisar Kinerja
                 Performance Highlights


22    Ikhtisar Data Keuangan Penting                  31      Penghentian Sementara Perdagangan        33       Kilas Peristiwa 2023
      Key Financial Highlights                                Saham (Suspension) dan/atau                       2023 Events Highlights
28    Ikhtisar Saham                                          Penghapusan Pencatatan Saham
      Shares Highlights                                       (Delisting)
31    Aksi Korporasi                                          Temporary Suspension Of Share
      Corporate Actions                                       Trading And/Or Delisting Of Shares




      02         Laporan Manajemen
                 Management Report


42    Laporan Dewan Komisaris                         64      Laporan Direksi
      Board of Commissioners Report                           Board of Directors Report




      03         Profil Perusahaan
                 Company Profile


90    Identitas dan Informasi Umum                    112     Struktur Organisasi                      174      Informasi Komposisi Pemegang
      Perusahaan                                              Organization Structure                            Saham
      Corporate Identity and General                  114     Informasi Struktur Organisasi di                  Company Shareholding Composition
      Information                                             Bawah Direksi                            180      Informasi Kepemilikan Saham
92    Riwayat Singkat Perusahaan                              Information on Organizational                     Perusahaan oleh Dewan Komisaris
      Brief History of the Company                            Structure Under the Board of                      dan Direksi
97    Informasi Perubahan Nama dan                            Directors                                         Information on Company
      Status Perusahaan                               116     Informasi Struktur Organisasi di                  Shareholding by Board of
      Information On Change Of Company                        Bawah Dewan Komisaris                             Commissioners and Board of
      Name And Status                                         Information on Organizational                     Directors
98    Bidang Usaha                                            Structure Under the Board of             183      Informasi Tentang Pemegang Saham
      Line of Business                                        Commissioners                                     Utama/Pengendali Hingga Entitas
102   Jaringan Bisnis dan Wilayah Operasi             118     Profil Dewan Komisaris                            Pemilik Akhir
      Business Network and Operating                          Board of Commissioners Profile                    Information on Majority/Controllers
      Areas                                           124     Profil Direksi                                    Shareholder up to the Ultimate
107   Makna Logo Perusahaan                                   Board of Directors Profile                        Entities
      Corporate Logo Meaning                          130     Profil Pejabat Eksekutif                 185      Informasi Daftar Entitas Anak, Entitas
108   Visi, Misi, dan Budaya Perusahaan                       Profile of Executive Officers                     Asosiasi, dan Ventura Bersama
      Vision, Mission, and Corporate Culture          139     Demografi Karyawan dan                            Information on List of Subsidiaries,
111   Keanggotaan dalam Asosiasi Industri                     Pengembangan Kompetensi                           Associated Entities, and Joint
      Membership in Industrial                                Employee Demography and                           Ventures
      Associations                                            Competency Development




6          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                      Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis            Good Corporate Governance          Corporate Social and Environmental Responsibility




                                                                                                                                          Daftar Isi
                                                                                                                                 Table of Contents


187   Struktur Grup Perusahaan                             190   Kronologi Penerbitan dan/atau                 202       Daftar Alamat Entitas Anak, Kantor
      Company Group Structure                                    Pencatatan Efek Lainnya                                 Cabang Serta Kantor Perwakilan
188   Kronologi Penerbitan dan/atau                              Chronology of Issuance and/or Other                     List of Subsidiaries, Branch
      Pencatatan Saham                                           Securities Listing                                      Offices and Representative Offices
      Chronology of Issuance and/or Listing                190   Lembaga dan/atau Profesi Penunjang                      Addresses
      of Share                                                   Supporting Institutions and/or                203       Informasi Pada Situs Web Perusahaan
                                                                 Professionals                                           Information on the Company’s
                                                           192   Penghargaan dan Sertifikasi                             Website
                                                                 Awards and Certification




  04             Tinjauan Unit Pendukung Bisnis
                 Overview on Business Supports


208   Sumber Daya Manusia                                  240   Teknologi Informasi dan Komunikasi
      Human Capital                                              (TIK)
                                                                 Information and Communication
                                                                 Technology (ICT)




      05         Analisis dan Pembahasan Manajemen
                 Management Discussion and Analysis


254   Tinjauan Perekonomian dan Industri                   269   Tinjauan Operasi Berdasarkan                  307       Informasi dan Fakta Material yang
      Economic and Industrial Overview                           Segmen Geografis                                        Terjadi Setelah Tanggal Laporan
254   Analisis Perekonomian Global dan                           Overview of Operations by                               Akuntan
      Nasional                                                   Geographic Segment                                      Material Information and Facts
      Global and National Economic                         271   Tinjauan Keuangan                                       Subsequent to the Accountant's
      Analysis                                                   Financial Review                                        Report Date
257   Analisis Industri dan Posisi                         271   Standar Penyajian Informasi                   308       Informasi Peningkatan atau
      Perusahaan dalam Industri                                  Keuangan dan Kesesuaian Terhadap                        Penurunan yang Material dari
      Industry Analysis and Company                              Standar Akuntansi Keuangan                              Penjualan atau Pendapatan Bersih
      Position in the Industry                                   Standards For Presenting Financial                      Information on Material Increase or
258   Tinjauan Operasi Per Segmen Usaha                          Information and Compliance with                         Decrease in Sales or Net Revenue
      Overview of Operations Per Business                        Financial Accounting Standards                308       Dampak Perubahan Harga terhadap
      Segment                                              271   Laporan Posisi Keuangan Konsolidasi                     Penjualan atau Pendapatan Bersih
258   Dasar Penerapan Segmen Usaha                               Consolidated Statement of Financial                     Perusahaan serta Laba Operasi
      Basis for Implementation of Business                       Position                                                Perusahaan
      Segments                                             293   Laporan Arus Kas Konsolidasian                          Impact of Price Changes on the
258   Segmen Usaha Berdasarkan Produk                            Consolidated Statement of Cash Flow                     Company's Sales or Net Revenue and
      dan Jasa yang Dihasilkan                             296   Informasi Keuangan Penting Lainnya                      Operating Profit
      Business Segment Based on Products                         Other Key Financial Information               309       Perbandingan Antara Target dan
      and Services Produced                                298   Kemampuan Membayar Utang dan                            Realisasi serta Proyeksi Untuk 1 (Satu)
262   Strategi Pengembangan Segmen                               Tingkat Kolektibilitas Piutang                          Tahun Ke Depan
      Usaha dan Tantangan yang Dihadapi                          Ability to Pay Debts and Receivables                    Comparison Between Targets and
      serta Upaya Perusahaan dalam                               Collectability Rate                                     Realizations and Projections for the
      Menghadapi Tantangan                                 303   Struktur Modal dan Kebijakan                            Next Year
      Business Segment Development                               Manajemen Atas Struktur Modal                 313       Kebijakan dan Pembagian Dividen
      Strategy and Challenges Faced and                          Capital Structure and Management                        Dividend Policy and Payment
      Company Efforts in Facing Challenges                       Policy on Capital Structure                   315       Kontribusi Perusahaan Kepada
268   Rencana Strategis Pengembangan                       306   Ikatan yang Material untuk Investasi                    Negara Berupa Pajak
      Segmen Usaha di Tahun 2023                                 Barang Modal                                            Company Contributions to the State
      Strategic Plan of Business Segment                         Material Bonds for Capital                              in the Form of Taxes
      Development for 2024                                       Expenditure




                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                             7
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                             Ikhtisar Kinerja               Laporan Manajemen     Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report     Company Profile      Overview on Business Supports




Daftar Isi
Table of Contents


315   Realisasi Penggunaan Dana Hasil                 317     Informasi Transaksi Material Yang       329      Perubahan Kebijakan Akuntansi yang
      Penawaran Umum                                          Mengandung Benturan Kepentingan                  Diterapkan Perusahaan pada Tahun
      Realization of Use of Public Offering                   dan/atau Transaksi Dengan Pihak                  Buku Terakhir
      Proceeds                                                Afiliasi/ Berelasi                               Changes in Accounting Policies
316   Program Kepemilikan Saham oleh                          Information on Material Transactions             Implemented by the Company in the
      Karyawan dan/atau Manajemen                             Containing Conflicts of Interest                 Last Fiscal Year
      (ESOP/MSOP)                                             and/or Transactions with Affiliated/    329      Tingkat Kesehatan Perusahaan
      Employees and/or Management Stock                       Related Parties                                  Company Soundness Level
      Ownership Program (ESOP/MSOP)                   321     Prospek Usaha                           330      Informasi Kelangsungan Usaha
316   Informasi Material Mengenai                             Business Outlook                                 Information on Business Continuity
      Investasi, Ekspansi, Divestasi,                 323     Aspek Pemasaran                         332      Asumsi yang Digunakan dalam
      Penggabungan/Peleburan Usaha,                           Marketing Aspect                                 Melakukan Assessment
      Akuisisi, dan Restrukturisasi Utang/            326     Perubahan Peraturan Perundang-                   Assumptions Used in Conducting
      Modal                                                   Undangan terhadap Perusahaan pada                Assessment
      Material Information on Investment,                     Tahun Buku Terakhir
      Expansion, Divestment, Merger/                          Changes in Legislation to the
      Consolidation, Acquisition, and Debt/                   Company in the Last Fiscal Year
      Capital Restructuring




    06           Tata Kelola Perusahaan yang Baik
                 Good Corporate Governance


338   Penerapan Tata Kelola Perusahaan                364     Penandatanganan Pakta Integritas        516      Sekretaris Perusahaan
      Implementation of Corporate                             Signing of Integrity Pact                        Corporate Secretary
      Governance                                      365     Praktik Bad Corporate Governance        521      Fungsi Audit Internal
340   Landasan Hukum Tata Kelola                              Bad Corporate Governance Practices               Internal Audit Department
      Perusahaan                                      366     Rapat Umum Pemegang Saham               529      Audit Eksternal
      Legal Basis of Corporate Governance                     General Meeting of Shareholders                  External Audit
342   Struktur Tata Kelola Perusahaan                 367     Tata Cara Penyelenggaraan RUPS          532      Sistem Pengendalian Internal
      Corporate Governance Structure                          GMS Convention Mechanism                         Internal Control System
343   Tujuan Penerapan Tata Kelola                    368     Pemegang Saham                          533      Kesesuaian Sistem Pengendalian
      Perusahaan                                              Shareholders                                     Intern dengan Kerangka yang Diakui
      Objective of Implementing Corporate             399     Dewan Komisaris                                  Secara Internasional (COSO– Internal
      Governance                                              Board of Commissioners                           Control Framework)
344   Prinsip-Prinsip Tata Kelola                     418     Direksi                                          Internal Control System Compliance
      Perusahaan                                              Board of Directors                               with Internationally- Recognized
      Corporate Governance Principles                 437     Transparansi Informasi Tentang                   Framework (COSO Internal Control
351   Governance Soft-Structure                               Dewan Komisaris dan Direksi                      Framework)
      Governance Soft-Structure                               Transparency of Information on the      536      Unit Kerja Manajemen Risiko
354   Penilaian GCG 2023                                      Board of Commissioners and Board of              Risk Management Work Unit
      GCG Assessment in 2023                                  Directors                               542      Sistem Manajemen Risiko Perusahaan
359   Implementasi dan Sosialisasi GCG                482     Sekretariat Dewan Komisaris                      Risk Management System
      Tahun 2023                                              Secretariat of the Board of             558      Perkara Penting
      GCG Implementation and                                  Commissioners                                    Legal Cases
      Dissemination in 2023                           486     Komite Audit                            559      Akses Informasi dan Data Perusahaan
362   Penghargaan GCG oleh Pihak                              Audit Committee                                  Access to Company Information and
      Eksternal                                       498     Komite Nominasi dan Remunerasi                   Data
      GCG Awards by External Parties                          Nomination and Remuneration             564      Kode Etik Perusahaan
362   Roadmap Pelaksanaan dan                                 Committee                                        Company Code of Conduct
      Pengembangan GCG Perusahaan                     507     Komite Manajemen Risiko
      Roadmap of Company’s GCG                                Risk Management Committee
      Implementation and Development




8          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                      Analisis dan Pembahasan Manajemen                Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis               Good Corporate Governance          Corporate Social and Environmental Responsibility




                                                                                                                                             Daftar Isi
                                                                                                                                    Table of Contents


574   Laporan Harta Kekayaan                               589   Pencegahan Insider Trading                       595       Sistem Pelaporan Pelanggaran
      Penyelenggaraan Negara                                     Insider Trading Prevention                                 Whistleblowing System
      State Official Wealth Report                         590   Kepatuhan Terkait Kegiatan Politik               602       Penerapan Atas Pedoman Tata Kelola
576   Kebijakan Anti Korupsi                                     Compliance with Political Activities                       Perusahaan Terbuka
      Anti-Corruption Policies                             591   Pengadaan Barang dan Jasa                                  Implementation of Public Company
577   Kebijakan Gratifikasi                                      Procurement of Goods and Services                          Governance Guidelines
      Gratuity Policy                                      594   Benturan Kepentingan
                                                                 Conflict of Interest




  07             Tanggung Jawab Sosial dan Lingkungan
                 Corporate Social and Environmental Responsibility


613   Pelaksanaan Program TJSL SMBR                              614       Pilar Pembangunan Ekonomi
      Implementation of TJSL SMBR                                          Economic Development Pillar
      Program                                                    616       Pilar Pembangunan
      613 Pilar Pembangunan Sosial                                         Lingkungan
            Social Development Pillar                                      Environmental Development
                                                                           Pillar




Surat Pernyataan Dewan Komisaris dan Direksi Tentang Tanggung Jawab atas
Laporan Tahunan 2023 PT Semen Baturaja Tbk
Statement Letter from the Board of Commissioners and Board of Directors Regarding Responsibility
for the 2023 Annual Report of PT Semen Baturaja Tbk



Referensi SEOJK No. 16/SEOJK.04/2021:
Tentang Bentuk dan Isi Laporan Tahunan Emiten atau Perusahaan Publik
SEOJK No. 16/SEOJK.04/2021: Reference On Form and Contents of Annual Report of Issuers or
Public Companies




                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
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                           Ikhtisar Kinerja             Laporan Manajemen   Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                           Performance Highlights       Management Report   Company Profile      Overview on Business Supports




Pencapaian Kinerja 2023
Performance Achievements 2023

 PENDAPATAN BERSIH DAN LABA BERSIH / REVENUE AND NET PROFIT

 Pendapatan Bersih                                                          Laba Bersih
 Net Revenue                                                                Net Profit




 2,04                                                                       121,57
 Rp                                                                         Rp


                                       Triliun /                                                                                  Miliar /
                                       Trillion                                                                                   Billion




       8%                                                                            57%
 Di tahun 2023, total pendapatan bersih mencapai Rp2,04                     Di tahun 2023, laba tahun berjalan mencapai Rp121,57
 triliun, mengalami peningkatan sebesar 8% dari tahun                       miliar, mengalami peningkatan sebesar 57% dari tahun
 2022 sejumlah Rp1,88 triliun. / Total net revenue in 2023                  2022 sejumlah Rp77,32 miliar. / Net Profit for the year in
 amounted to Rp2.04 trillion, an increase of 8% from 2022 at                2023 amounted to Rp121.57 billion, an increase of 57% from
 Rp1.88 trillion.                                                           2022 at Rp77.32 billion.




 LABA BERSIH PER SAHAM DAN EBITDA / EARNINGS PER SHARE AND EBITDA

 Laba Bersih Per Saham                                                      EBITDA
 Earnings Per Share                                                         EBITDA




 12,-                                                                       484,87
 Rp                                                                         Rp


                                                                                                                                            Miliar /
                                                                                                                                            Billion




       57%                                                                           13%
 Laba bersih per saham meningkat sebesar 57% dari Rp8,- di                  EBITDA Perusahaan di tahun 2023 mencapai Rp484,87 miliar,
 tahun 2022 menjadi Rp12,- di tahun 2023. / Earnings per share              mengalami peningkatan sebesar 13% dari tahun 2022 yang
 increased by 57% from Rp8 in 2022 to Rp12 in 2023.                         sejumlah Rp430,45 miliar. / The Company's EBITDA in 2023
                                                                            amounted to Rp484.87 billion, an increase of 13% from 2022 at
                                                                            Rp430.45 billion.




10       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                    Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis       Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                                                                   Pencapaian Kinerja 2023
                                                                                            Performance Achievements 2023


 PRODUKSI & PENJUALAN PRODUK / PRODUCT PRODUCTION & SALES

 Volume Produksi Semen                                                                Volume Penjualan Semen
 Cement Production Volume                                                             Cement Sales Volume




 2,14                                                                                  2,16
 Rp                                                                                    Rp


                                  juta ton /                                                                                juta ton /
                                  million tons                                                                              million tons




       7,53%                                                                                    7,56%
 Di tahun 2023, total volume produksi semen mencapai 2,14                              Di tahun 2023, total volume penjualan semen mencapai 2,16
 juta ton, mengalami peningkatan sebesar 7,53% dari tahun                              juta ton, mengalami peningkatan sebesar 7,56% dari tahun
 2022 sebanyak 1,99 juta ton. / Total cement production volume                         2022 sebanyak 2,01 juta ton. / Total sales volume of cement in
 in 2023 reached Rp2.14 million tons, an increase of 7.53% from                        2023 reached 2.16 million tons, an increase of 7.56% from 2022
 2022 of 1.99 million tons.                                                            of 2.01 million tons.




                                                                                      Asesmen Asean Corporate Governance Score
 Jumlah & Komposisi Karyawan
                                                                                      Card (ACGS) ASEAN Corporate Governance
 Number And Composition Of Employees
                                                                                      Score Card (ACGS) Assessment




                                                                                       88,51
                  16,48%
                                  Jenis Kelamin / Gender
                                        Laki-laki / Male
                                                                                                                                        Good
                                        Permpuan / Female



83,52%

                  14,43%                                                               Di tahun 2023, Perusahaan melakukan evaluasi atas
                                                                                       penerapan tata kelola perusahaan yang baik berbasis ACGS
                                  Umur / Age                                           mendapatkan skor sebesar 88,51 dengan predikat “Good”. /
                                                                                       In 2023, the Company evaluated the implementation of good
                                        40 – 54 tahun / 40 – 54 years
                                                                                       corporate governance based on ACGS, with a score of 88.51
                                        21 – 40 tahun / 21 – 40 years
                                                                                       with the "Good" predicate.
85,57%




                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
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                       Ikhtisar Kinerja             Laporan Manajemen   Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                       Performance Highlights       Management Report   Company Profile     Overview on Business Supports




Pencapaian Kinerja 2023
Performance Achievements 2023




12   PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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  Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
  Management Discussion and Analysis   Good Corporate Governance           Corporate Social and Environmental Responsibility




                                                                             Pencapaian Kinerja 2023
                                                                      Performance Achievements 2023




Komitmen Perusahaan dalam mewujudkan industri
semen yang ramah lingkungan diwujudkan melalui
keberhasilan dalam menyerap bahan bakar alternatif
(Alternative Fuel) untuk menggantikan kalori bahan
bakar fosil yang digunakan. Hal ini ditunjukkan dengan
indikator Thermal Substitution Rate yang tercapai
sebesar 3,01%, meningkat dari tahun lalu yang sebesar
2,62%. Selain itu, Perusahaan juga berhasil meraih
predikat PROPER Hijau untuk pabrik Baturaja pada
2023, setelah mendapatkan PROPER Biru pada 3 tahun
sebelumnya.
The Company's commitment to realizing an
environmentally friendly cement industry was realized
through its success in absorbing alternative fuels
(Alternative Fuel) to replace the calories from fossil fuels
used. This is shown by the Thermal Substitution Rate
indicator which was reached at 3.01%, an increase from last
year which was 2.62%. Apart from that, the Company also
succeeded in achieving the Green PROPER title for the
Baturaja Plant in 2023, after receiving Blue PROPER in the
previous 3 years.




                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
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                       Ikhtisar Kinerja                   Laporan Manajemen        Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                       Performance Highlights             Management Report        Company Profile     Overview on Business Supports




     Keunggulan
     Kami
      Perusahaan          memiliki              Pabrik     dengan
                                                                          O u r Exce l l e n ce
      kapasitas produksi terpasang sebesar
      3,85 juta ton semen yaitu 1 (satu) pabrik
      terintegrasi di Baturaja, dan 2 (dua) unit
      pengantongan dan distribusi di Palembang
      dan Panjang. Pabrik Perusahaan memiliki
      keunggulan          strategis              berupa       letak
      geografis pabrik yang mendekati wilayah
      pasar      Sumatra         Bagian           Selatan       dan
      merupakan satu-satunya pabrik semen
      terintegrasi.       Lokasi         Perusahaan            juga
      dekat dengan bahan baku, bahan penolong
      dan sumber energi serta bahan alternatif
      lainnya       untuk        mendukung               kegiatan
      operasional         Perusahaan.               Perusahaan
      senantiasa berupaya untuk menjadi Green
      Cement Based Building Material Company
      terdepan di Indonesia.


      Semen Baturaja merupakan perusahaan
      yang bergerak dalam bidang industri
      persemenan di Indonesia yang didirikan
      pada tahun 1974 dan diresmikan oleh
      Presiden        Republik          Indonesia           kedua,
      Soeharto. Pada tahun 2022, Perusahaan
      bergabung menjadi bagian dari PT Semen                              The Company manages three cement manufacturing facilities
      Indonesia (Persero) Tbk atau SIG yang                               situated in Baturaja, Palembang, and Lampung, with a total
      menjadi penutup dari integrasi Badan Usaha                          installed production capacity of 3.85 million tons of cement.
      Milik Negara (BUMN) subklaster semen yang                           These plants are positioned strategically in close proximity
      digagas oleh Kementerian BUMN. Integrasi                            to the Southern Sumatra market, and they are the sole fully
      yang dilakukan diharapkan dapat membuka                             integrated cement production facilities in the region, thus
      peluang penciptaan nilai sinergi yang dapat                         giving the Company a competitive edge. Furthermore, the
      membawa Perusahaan menjadi Regional                                 Company’s geographical location grants it convenient access
      National Champion, melalui peningkatan                              to primary and auxiliary raw materials, energy sources, and
      pertumbuhan ekspor komoditas semen,                                 other alternative materials, which are essential for sustaining
      serta memastikan kelancaran penyediaan                              its operational undertakings. The Company strives to become
      dan     distribusi       pasokan            semen        yang       the top Green Cement Based Building Material Company in
      memadai untuk pembangunan nasional.                                 Indonesia.




14   PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis       Good Corporate Governance          Corporate Social and Environmental Responsibility




Di tahun 2023, Perusahaan menjadi                  Semen Baturaja is a Company operating in the cement industry in Indonesia. It was
Market Leader di Sumatra Bagian                    established in 1974 and inaugurated by the second President of the Republic of
Selatan (Sumbagsel) yang menjadi                   Indonesia, Soeharto. In 2022, the Company became a part of PT Semen Indonesia
wilayah pasar utama Perusahaan,                    (Persero) Tbk or SIG, as part of the integration of the State-Owned Enterprises (SOE)
dengan market share sebesar 33%.                   cement sub-cluster initiated by the Ministry of SOE. This integration is expected
Semen Baturaja, memiliki produk-                   to create opportunities to achieve synergy and elevate the Company to become a
produk yang unggul dan berkualitas,                Regional National Champion. It will help to increase the growth of cement commodity
serta didukung dengan jaringan                     exports and ensure a smooth supply and distribution of adequate cement supplies for
distribusi yang terintegrasi dengan                national development.
wilayah pemasaran. Semen Baturaja
konsisten menyediakan produk yang                  In 2023, the Company held the position of market leader in South Sumatra (Sumbagsel),
berkualitas   bagi   pelanggan          dan        which served as its primary market area and boasts a market share of 33%. Semen
sesuai dengan Standar Nasional                     Baturaja has excellent and quality products, as well as supported by a distribution
Indonesia (SNI).                                   network that is integrated with the marketing area. Semen Baturaja consistently
                                                   provides quality products for the customers and is in accordance with the Indonesian
                                                   National Standard (SNI).




                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                     15
Page 18
                       Ikhtisar Kinerja                Laporan Manajemen             Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                       Performance Highlights          Management Report             Company Profile          Overview on Business Supports




Keunggulan Kami
Our Excellence



                                        OBJEK VITAL NASIONAL
                                        National Vital Object
                                        Semen       Baturaja        merupakan        salah       satu    The Ministry of Industry of the Republic of
                                        Perusahaan yang ditetapkan oleh Kementerian                      Indonesia has designated the Company as a
                                        Perindustrian Republik Indonesia sebagai Objek                   National Vital Object for the Industrial Sector.
                                        Vital Nasional Sektor Industri. Berdasarkan Surat                This recognition is based on the Decree of the
                                        Keputusan dari Menteri Perindustrian RI Nomor:                   Minister of Industry at Republic of Indonesia
                                        466/M-IND/ Kep/8/2014 tentang Obyek Vital                        Number:           466/M-IND/Kep/8/2014,               which
                                        Nasional Sektor Industri dengan memperoleh                       acknowledges the Company’s importance by
                                        sertifikat OVNI Kategori Perusahaan Industri. Hal                awarding an OVNI certificate for the Industrial
                                        ini menunjukkan bahwa keberadaan Perusahaan                      Company Category. This designation highlights
                                        mempunyai nilai penting bagi penunjang sektor                    the significant role that the Company plays in
                                        industri di Indonesia.                                           supporting the industrial sector in Indonesia.




                                        PRODUK & TEKNOLOGI RAMAH LINGKUNGAN
                                        Environmentally Friendly Products & Technologies
                                        Semen Baturaja senantiasa berupaya untuk                         The Company’s vision is to become the leading
                                        menjadi Green Cement Based Building Material                     Green Cement Based Building Material Company
                                        Company terdepan di Indonesia, sebagaimana                       in Indonesia, and it remains committed to
                                        visi       Perusahaan,         dengan           senantiasa       providing broad benefits to all stakeholders. By
                                        berkomitmen         untuk     memberikan           manfaat       contributing to national economic development,
                                        luas kepada seluruh pemangku kepentingan.                        the Company strives to promote the welfare of
                                        Perusahaan          terus     berkontribusi           dalam      society
                                        pembangunan perekonomian nasional untuk
                                        kesejahteraan masyarakat.


                                        Perusahaan juga memiliki komitmen untuk                          The Company is also committed to implementing
                                        menerapkan program keberlanjutan, seperti                        sustainability       programs         in   its   operations,
                                        pemanfaatan         limbah    sebagai        bahan      baku     including the use of waste as raw materials
                                        dan bakar alternatif, pengurangan konsumsi                       and alternative fuels, reducing carbon energy
                                        energi     karbon,     dan         program      konservasi       consumption,          and       promoting        biodiversity
                                        keanekaragaman         hayati       di   area    produksi.       conservation programs in production areas.
                                        Sehingga mampu menekan faktor terak dan                          These initiatives are aimed at minimizing the slag
                                        meningkatkan nilai pemanfaatan Alternative Fuel                  factor and increasing the value of Alternative
                                        Resources (AFR) serta mencatatkan biaya energi                   Fuel Resources (AFR) utilization. The Company
                                        yang rendah dan efisien dari sisi biaya energi                   has also recorded low and efficient energy costs,
                                        baik batubara maupun indeks listrik.                             both in terms of coal and electricity indexes,
                                                                                                         as part of its efforts to achieve sustainable
                                                                                                         operations.


                                        Atas komitmen tersebut, Perusahaan telah                         For this commitment, the Company has
                                        mendapatkan Sertifikasi Pemenuhan Standar                        received Green Industry Standard Compliance
                                        Industri    Hijau    No.     SIH     23941.1:2018         dari   Certification No. SIH 23941.1: 2018 from the
                                        Kementerian Perindustrian Republik Indonesia.                    Ministry of Industry of the Republic of Indonesia.




16   PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen               Tata Kelola Perusahaan yang Baik             Tanggung Jawab Sosial dan Lingkungan
Management Discussion and Analysis              Good Corporate Governance                    Corporate Social and Environmental Responsibility




                                                                                                                     Keunggulan Kami
                                                                                                                        Our Excellence



                       AKREDITASI SEMEN
                       Cement Accreditation
                       Semen         Baturaja     memiliki         3    Laboratorium           Semen The Company has 3 Testing Laboratories
                       Pengujian yang berlokasi di Pabrik Baturaja,                            located in Baturaja Plant, Palembang Plant
                       Pabrik Palembang dan Pabrik Panjang. Masing-                            and Panjang Plant. Each laboratory has been
                       masing laboratorium telah diakreditasi oleh                             accredited           by     the      National      Accreditation
                       Komite        Akreditasi       Nasional         (KAN)        dalam      Committee (KAN) in implementing SNI ISO/IEC
                       penerapan SNI ISO/IEC 17025:2017 dengan                                 17025:2017 with Certificate No. LP-462-IDN and
                       No. Sertifikat LP-462-IDN dan masa berlaku                              the validity period is until June 27, 2027. The
                       sampai tanggal 27 Juni 2027. Adapun ruang                               scope of accreditation includes:
                       lingkup akreditasi meliputi:
                       1.    Akreditasi Laboratorium Pengujian Semen.                          1.     Accreditation of Cement Testing Laboratory.
                       2. Akreditasi Laboratorium Pengujian Kuat                               2. Accreditation of Concrete Compressive
                             Tekan Beton.                                                             Strength Testing.


                       Produk yang dihasilkan Perusahaan pun terbukti                          Laboratory The products produced by the
                       berkualitas dan telah tersertifikasi Standar                            Company have also proven to be of high quality
                       Nasional Indonesia (SNI) dari Kementerian                               and have been certified by the Indonesian
                       Perindustrian dengan penerapan ISO 9001:2015                            National Standard (SNI) from the Ministry of
                       dengan lingkup sertifikasi sebagai berikut:                             Industry by implementing ISO 9001: 2015 with the
                                                                                               scope of certification as follows:
                       1.    Ordinary Portland Cement (OPC) Type I                             1.     Ordinary Portland Cement (OPC) Type I
                             (SNI 2049:2015 No. 031/BSKJI/Baristand-                                  (SNI 2049:2015 No.031/BSKJI/Baristand-
                             Palembang/MS.1/III/2022)                  yang        berlaku            Palembang/MS.1/III/2022) which is valid
                             mulai 22 Maret 2022 sampai dengan 21 Maret                               from March 22, 2022 to March 21, 2026)
                             2026) dan (SNI 2049-1:2020 No. 030/BSPJI-                                and      (SNI       2049-1:2020            No.030/BSPJI-
                             Palembang/MS.1/V/2023) yang berlaku mulai                                Palembang/MS.1/V/2023) which is valid from
                             03 Mei 2023 sampai dengan 02 Mei 2027.                                   May 03, 2023 to May 02, 2027.
                       2. Ordinary Portland Cement (OPC) Type II                               2. Ordinary Portland Cement (OPC) Type II
                             (SNI 2049:2015 No. 032/BSKJI/Baristand                                   (SNI      2049:2015          No.032/BSKJI/Baristand
                             Palembang/MS.1/III/2022)                  yang        berlaku            Palembang/MS.1/III/2022) which is valid
                             mulai 22 Maret 2022 sampai dengan 21 Maret                               from March 22, 2022 to March 21, 2026
                             2026 dan (SNI 2049-1:2020 No. 031/ BSPJI-                                and (SNI 2049-1:2020 No. 031/BSPJI-
                             Palembang/MS.1/V/2023) yang berlaku mulai                                Palembang/MS.1/V/2023) which is valid from
                             03 Mei 2023 sampai dengan 02 Mei 2027.                                   May 03, 2023 to May 02, 2027.
                       3. Ordinary Portland Cement (OPC) Type V                                3. Ordinary Portland Cement (OPC) Type V
                             (SNI 2049:2015 No. 033/BSKJI/Baristand-                                  (SNI 2049:2015 No.033/BSKJI/Baristand-
                             Palembang/MS.1/ III/2022) yang berlaku                                   Palembang/MS.1/ III/2022) which is valid
                             mulai 22 Maret 2022 sampai dengan 16 Juli                                from March 22, 2022 to July 16, 2026 and (SNI
                             2026 dan (SNI 2049-1:2020 No. 031/ BSPJI-                                2049-1 :2020 No. 031/BSPJI-Palembang/
                             Palembang/MS.1/V/2023) yang berlaku mulai                                MS.1/V/2023) which is valid from May 03,
                             03 Mei 2023 sampai dengan 02 Mei 2027.                                   2023 to May 02, 2027.
                       4. Portland Composite Cement (PCC) (SNI                                 4. Portland Composite Cement (PCC) (SNI
                             7064:2014          No.       015/BSPJI-Palembang/                        7064:2014 No.015/BSPJI-Palembang/ MS.1/
                             MS.1/II/2023) yang berlaku mulai 31 Mei                                  II/2023) which is valid from May 31, 2021 to
                             2021 sampai dengan 18 Juni 2025 dan (SNI                                 June 18, 2025 and (SNI 7064:2022 No. 005/
                             7064:2022          No.      005/BSPJI-Palembang/                         BSPJI-Palembang/MS.5/X/2023) which is
                             MS.5/X/2023) yang berlaku mulai 03 Mei                                   valid from May 03, 2023 to May 02, 2027.
                             2023 sampai dengan 02 Mei 2027.


                                                                                                    2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                           17
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                       Ikhtisar Kinerja               Laporan Manajemen          Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                       Performance Highlights         Management Report          Company Profile          Overview on Business Supports




Keunggulan Kami
Our Excellence



                                        JARINGAN DISTRIBUSI
                                        Distribution Network
                                        Semen Baturaja memiliki kemampuan delivery                   The Company excels in delivering cement to
                                        yang sangat baik, dengan menggunakan bauran                  market areas in Southern Sumatra, including
                                        berbagai moda transportasi baik darat dan                    South Sumatra, Lampung, Jambi, Bengkulu, and
                                        laut dengan menggunakan truk, kereta api dan                 Bangka Belitung Provinces. To achieve this, the
                                        kapal untuk mendistribusikan semen ke seluruh                Company utilizes a mix of transportation modes,
                                        wilayah pasar di Sumatra Bagian Selatan seperti              including trucks, trains, and ships, for both land
                                        Provinsi Sumatra Selatan, Lampung, Jambi,                    and sea transport. The Company’s continuously
                                        Bengkulu dan Bangka Belitung. Perusahaan                     reduces distribution costs by optimizing the
                                        terus    menekan       biaya      distribusi    dengan       most efficient distribution pattern, which
                                        mengoptimalkan pola distribusi yang paling                   minimizes the cost to serve.
                                        efisien (least cost to serve).




                                        SUMBER DAYA MANUSIA BERKOMPETEN
                                        Competent Human Resources
                                        Semen Baturaja memiliki sumber daya manusia                  The Company’s human resources (HR) are
                                        (SDM) yang unggul dan andal di industri semen,               highly skilled and reliable in the cement
                                        terutama dalam hal rancang bangun, operasional,              industry, particularly in design, operation,
                                        riset, pemeliharaan, engineering dan modifikasi              research,       maintenance,          engineering,   and
                                        pabrik. Di tahun 2023, Perusahaan memiliki SDM               plant modifications. In 2023, the Company had
                                        yang unggul dan berkompeten, dengan jumlah                   superior and competent human resources, with
                                        SDM yang produktif sebesar 85,57% dengan                     the number of productive human resources
                                        jumlah usia kerja antara 21-40 tahun. Komitmen               amounting to 85.57% with working ages between
                                        memiliki SDM yang unggul dan berkompeten,                    21-40 years. The commitment to having superior
                                        diharapkan dapat memberikan kontribusi yang                  and competent human resources is expected to
                                        maksimal terhadap kinerja Perusahaan.                        provide maximum contribution to the Company's
                                                                                                     performance.




18   PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan yang Baik              Tanggung Jawab Sosial dan Lingkungan
Management Discussion and Analysis             Good Corporate Governance                     Corporate Social and Environmental Responsibility




                                                                                                                     Keunggulan Kami
                                                                                                                        Our Excellence




                       KOMITMEN ZERO ACCIDENT
                       Zero Accidents Commitment
                       Dalam         rangka    memastikan           bahwa          sistem      To      ensure         effective        implementation   and
                       manajemen             keselamatan          dan       kesehatan          compliance with applicable auditing standards,
                       kerja           organisasi              didokumentasikan,               laws, and regulations, the Company has
                       diimplementasikan, dipelihara secara efektif                            established an Occupational Health & Safety
                       dan memenuhi persyaratan standar audit,                                 Management System (OHS) that undergoes
                       undang-undang dan peraturan yang berlaku,                               periodic audits. The Company also provides
                       sebagaimana Perusahaan telah menerapkan                                 various OHS training programs to increase
                       Sistem Manajemen Keselamatan & Kesehatan                                employees’ and contractors’ knowledge and
                       Kerja (SMK3) dan telah diaudit secara berkala.                          discipline, conducts OHS inspections, checks
                       Perusahaan            juga     memberikan              berbagai         OHS equipment, and carries out OHS Month
                       pelatihan K3 untuk meningkatkan pengetahuan                             activities. Thanks to the Company’s hard work in
                       dan kedisiplinan Karyawan dan kontraktor,                               implementing OHS principles to minimize work
                       serta melakukan inspeksi K3, pemeriksaan                                accidents, it has received the Zero Accident
                       peralatan        K3     dan      pelaksanaan               kegiatan     Award from the Ministry of Manpower of the
                       Bulan K3. Atas kerja keras Perusahaan dalam                             Republic of Indonesia for the year 2023.
                       menerapkan prinsip-prinsip K3 dalam kegiatan
                       operasionalnya sehingga mampu meminimalisir
                       kecelakaan kerja. Di tahun 2023, Semen baturaja
                       kembali meraih Penghargaan Zero Accident
                       dari Kementerian Ketenagakerjaan Republik
                       Indonesia.




                                                                                                  2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                        19
Page 22
01
Page 23
    Ikhtisar Kinerja
Performance Highlights
Page 24
                                  Ikhtisar Kinerja                Laporan Manajemen             Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                                  Performance Highlights          Management Report             Company Profile          Overview on Business Supports




Ikhtisar Data Keuangan Penting
Key Financial Highlights

LABA (RUGI) DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN /
CONSOLIDATED PROFIT (LOSS) AND OTHER COMPREHENSIVE INCOME
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / Stated in million Rupiah, unless stated otherwise)
                                                                                                                                                                  YoY 2022-
            Uraian / Description                           2023                2022*                  2021               2020                    2019
                                                                                                                                                                    2023
 Pendapatan Bersih / Net Income                            2.040.679             1.881.767              1.751.586         1.721.907               1.999.517               8%
 Penjualan Semen / Sales of Cement                         2.007.389            1.848.072               1.712.819        1.696.542                1.974.851               9%
 Penjualan Terak / Sales of Clinker                                   -                     -                3.213                    -               14.443                  -
 Pendapatan Jasa Pengangkutan /
                                                                   187                  1.861                4.731             2.707                      5.420        (90%)
 Income from Transport Service
 Penjualan White Clay / Sales of White
                                                               32.914                  31.818              30.614            19.624                       3.172           3%
 Clay
 Penjualan Mortar / Sales of Mortar                                   -                    14                       45                -                       -               -
 Lain-lain / Other Income                                          190                     3                    164            3.034                      1.631       6.233%
 Beban Pokok Penjualan / Cost of Goods
                                                           (1.397.190)          (1.112.848)            (975.520)         (1.001.749)            (1.124.628)              26%
 Sold
 Laba Kotor / Gross Profit                                   643.490                  768.919            776.066            720.158                 874.889             (16%)
 Beban Usaha / Operating Expense                            (387.398)            (515.849)             (540.920)          (504.998)               (640.945)             (25%)
 Laba (Rugi) Usaha / Operating Profit
                                                             256.092                  253.071             235.146           215.160                 233.944               1%
 (Loss)
 Pendapatan (Beban) Keuangan /
                                                             (93.508)            (150.990)              (166.238)         (178.692)                (147.372)            (38%)
 Financial Income (Expense)
 Laba (Rugi) Sebelum Pajak Penghasilan
                                                             162.583                  102.081              68.908            36.468                   86.572             59%
 / Profit (Loss) Before Income Tax
 Beban Pajak Penghasilan / Income Tax
                                                              (41.011)            (24.763)               (22.202)          (25.486)                 (56.498)             66%
 Expense
 Laba (Rugi) Tahun Berjalan / Profit
                                                              121.573                  77.318              46.706            10.982                   30.074             57%
 (Loss) of Current Year
 Penghasilan Komprehensif Lain / Other
                                                             (15.333)                 (8.078)                6.539           (9.792)                  (2.481)            90%
 Comprehensive Income
 Jumlah Penghasilan Komprehensif
 Tahun Berjalan / Total Comprehensive                        106.240                  69.240               53.245               1.190                 27.593             53%
 Profit of Current Year
 Laba (Rugi) Tahun Berjalan yang Dapat Diatribusikan kepada: / Current Year Profit (Loss) Attributable to:
 Pemilik Entitas Induk / Owner of Parent
                                                              121.571                  77.323              46.704             10.985                  30.072             57%
 Entity
 Kepentingan Non Pengendali / Non-
                                                                     2                    (6)                        2              (3)                      2          (72%)
 Controlling Interest
 Laba (Rugi) Komprehensif Periode Berjalan yang Dapat Diatribusikan kepada: / Comprehensive Income (Loss) for the Current Period
 Attributable to:
 Pemilik Entitas Induk / Owner of Parent
                                                             106.238                  69.245               53.243               1.193                 27.592             53%
 Entity
 Kepentingan Non Pengendali / Non-
                                                                     2                    (5)                        2              (3)                       1         (69%)
 Controlling Interest
 Laba Bersih per Saham (Rupiah Penuh)
                                                                    12                     8                         5                1                       3          57%
 / Net Profit per Share (Full Rupiah)
 EBITDA                                                      484.872              430.445                  416.791          416.434                 406.780              11%
*) Disajikan kembali / Restated




22            PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 25
                           Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik           Tanggung Jawab Sosial dan Lingkungan
                           Management Discussion and Analysis            Good Corporate Governance                  Corporate Social and Environmental Responsibility




                                                                                                            Ikhtisar Data Keuangan Penting
                                                                                                                    Key Financial Highlights




Pendapatan / Net Income                                         Laba Kotor / Gross Profit                                        Laba (Rugi) Usaha /
Rp Miliar / Rp Billion                                          Rp Miliar / Rp Billion                                           Operating Profit (Loss)
                                                                                                                                 Rp Miliar / Rp Billion



                                              2.040             875                                                                                                     253    256
1.999
                                  1.882                                                  776                                      233                       235
                     1.751                                                                           769
           1.722                                                            720                                                                 215
                                                                                                              643




2019       2020      2021         2022        2023              2019       2020         2021        2022     2023                2019          2020         2021        2022   2023



EBITDA / EBITDA                                                 Laba (Rugi) Tahun Berjalan /                                                                                          x
                                                                Profit (Loss) of Current Year
Rp Miliar / Rp Billion                                          Rp Miliar / Rp Billion



                                               485                                                            121

            416          417       430
 407


                                                                                                      77



                                                                                         47

                                                                 30


                                                                             11

2019       2020      2021         2022        2023              2019       2020         2021        2022     2023




                                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                                 23
Page 26
                                  Ikhtisar Kinerja                Laporan Manajemen             Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                                  Performance Highlights          Management Report             Company Profile       Overview on Business Supports




Ikhtisar Data Keuangan Penting
Key Financial Highlights



POSISI KEUANGAN KONSOLIDASIAN / CONSOLIDATED FINANCIAL POSITION
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / Stated in million Rupiah, unless stated otherwise)
                                                                                                                                                             YoY 2022-
            Uraian / Description                           2023                2022*                  2021            2020                    2019
                                                                                                                                                               2023
 Aset / Assets                                             4.856.731            5.242.725              5.271.954      5.203.207                5.571.270             (7%)
 Aset Lancar / Current Assets                                816.846               990.295                919.859        727.102               1.071.983            (18%)
 Aset Tidak Lancar / Non-Current
                                                           4.039.885           4.252.430              4.352.095       4.476.105               4.499.287              (5%)
 Assets
 Liabilitas / Liabilities                                  1.694.318              2.167.587            2.271.787      2.256.286               2.088.977            (22%)
 Liabilitas Jangka Pendek / Short-Term
                                                             731.493                  588.139            426.655        843.436                  468.526             24%
 Liabilities
 Liabilitas Jangka Panjang / Long-Term
                                                            962.825             1.579.448              1.845.132       1.412.850               1.620.451           (39%)
 Liabilities
 Ekuitas / Equity                                          3.162.412            3.075.138              3.000.166      2.946.922               3.482.293               3%
 Jumlah Aset (Liabilitas dan Ekuitas) /
                                                           4.856.731           5.242.725              5.271.954       5.203.207               5.571.270             (7%)
 Total Assets (Liabilities and Equity)
 Modal Kerja Bersih / Net Working
                                                             85.353                402.156               493.203       (116.224)                 603.457            (79%)
 Capital
 Total Investasi / Investment in
                                                             99.007                    91.197              64.214        104.655                 290.530              9%
 Associated Entities
 Jumlah Saham (lembar) / Total Shares
                                      9.932.534.336 9.932.534.336 9.932.534.336 9.932.534.336 9.932.534.336
 (shares)
*) Disajikan kembali / Restated



   Aset / Assets                                              Liabilitas / Liabilities                                  Ekuitas / Equity
   Rp Miliar / Rp Billion                                     Rp Miliar / Rp Billion                                    Rp Miliar / Rp Billion




   5.571                                                                                                                3.482
              5.203     5.272     5.243                                                                                                                            3.162
                                                                          2.256        2.272                                                      3.000    3.075
                                               4.857                                                                                  2.947
                                                              2.089                              2.168
                                                                                                              1.694




   2019       2020      2021      2022         2023           2019        2020          2021     2022        2023       2019          2020        2021     2022    2023




24            PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 27
                             Analisis dan Pembahasan Manajemen                Tata Kelola Perusahaan yang Baik                  Tanggung Jawab Sosial dan Lingkungan
                             Management Discussion and Analysis               Good Corporate Governance                         Corporate Social and Environmental Responsibility




                                                                                                                 Ikhtisar Data Keuangan Penting
                                                                                                                         Key Financial Highlights



ARUS KAS KONSOLIDASIAN / CONSOLIDATED CASH FLOW
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / Stated in million Rupiah, unless stated otherwise)
                                                                                                                                                                                      YoY 2022-
           Uraian / Description                               2023                   2022                        2021                    2020                      2019
                                                                                                                                                                                        2023
Arus Kas dari Aktivitas Operasi / Cash
                                                                  296.498               400.926                    171.566                   328.379                     71.236               (26%)
Flow from Operating Activities
Arus Kas dari Aktivitas Investasi / Cash
                                                                  (102.976)              (52.646)                 (39.535)                   (82.170)               (342.993)                  96%
Flow from Investment Activities
Arus Kas dari Aktivitas Pendanaan /
                                                                  (617.976)             (310.100)                 (14.407)                   (93.345)                   (17.221)               99%
Cash Flow from Financing Activities
Kenaikan (Penurunan) Bersih Kas dan
Setara Kas / Net Increase (Decrease)                         (424.454)                     38.179                 146.438                    152.864               (288.978)                (1.012%)
in Cash and Cash Equivalent
Pengaruh Perubahan Selisih Kurs
terhadap Kas dan Setara Kas / Effects                                  (77)                      35                     (282)                        34                  (1.209)              (121%)
on Foreign Exchange Rate Changes
Kas dan Setara Kas pada Awal Tahun /
Cash and Cash Equivalent at Beginning                              522.918              484.704                   338.547                    185.649                  475.836                   8%
of Year
Kas dan Setara Kas pada Akhir Tahun
/ Cash and Cash Equivalent at end of                                98.387               522.918                  484.704                    338.547                  185.649                 (81%)
the Year



  Arus Kas dari Aktivitas Operasi /                                 Arus Kas dari Aktivitas Investasi /                                      Arus Kas dari Aktivitas Pendanaan /
  Cash Flow from Operating Activities                               Cash Flow from Investment Activities                                     Cash Flow from Financing Activities
  Rp Miliar / Rp Billion                                            Rp Miliar / Rp Billion                                                   Rp Miliar / Rp Billion




                                     401                                                                                                      (17)                       (14)
                                                                                             (40)         (53)                                              (93)
              328                                                                (82)
                                                 296                                                                    (103)

                                                                                                                                                                                    (310)
                           172


    71
                                                                    (343)                                                                                                                    (618)

  2019       2020      2021         2022        2023                2019        2020         2021        2022           2023                 2019          2020         2021        2022     2023



                                                                    Kas dan Setara Kas pada Akhir Tahun
                                                                    / Cash and Cash Equivalent at end of
                                                                    the Year
                                                                    Rp Miliar / RpBillion

                                                                                                          523
                                                                                             485



                                                                                 339




                                                                     186

                                                                                                                         98




                                                                    2019        2020         2021        2022           2023
                                                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                                                25
Page 28
                             Ikhtisar Kinerja                  Laporan Manajemen                 Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                             Performance Highlights            Management Report                 Company Profile           Overview on Business Supports




Ikhtisar Data Keuangan Penting
Key Financial Highlights



RASIO KEUANGAN UTAMA / KEY FINANCIAL RATIO
         Uraian / Description                     Satuan / Unit                2023                      2022              2021                    2020                    2019
Margin Laba Kotor / Gross Profit Margin                   %                             32                           41              44                       42                    44
Margin Laba Usaha / Operating Profit
                                                          %                                 13                       13               13                       12                   12
Margin
Margin Laba Bersih / Net Profit Margin                    %                                 6                         4                3                        1                    2
Margin EBITDA / EBITDA Margin                             %                             24                           23              24                       24                    20
Rasio Lancar / Current Ratio                              %                             112                      168                 216                      86                  229
Rasio Laba (Rugi) terhadap Pendapatan
                                                          %                            6,0                           4,1             2,7                      0,6                   1,5
/ Return on Income Ratio
Rasio Laba (Rugi) terhadap Ekuitas /
                                                          %                             3,8                      2,5                 1,6                      0,4                 0,9
Return on Equity (ROE) Ratio
Rasio Laba (Rugi) terhadap Jumlah
                                                          %                            2,5                           1,5             0,9                      0,2                 0,5
Aset / Return on Assets (ROA) Ratio
Rasio Liabilitas terhadap Ekuitas / Debt
                                                          %                             54                           70               76                      77                    60
to Equity Ratio
Rasio Liabilitas terhadap Jumlah Aset /
                                                          %                             35                           41              43                       43                    37
Debt to Assets Ratio
Rasio Liabilitas terhadap EBITDA / Debt
                                                      Kali / Times                      3,5                      5,0                 5,5                      5,4                 3,8
to EBITDA Ratio
Tingkat Pengembalian Investasi /
                                                      Kali / Times                      1,2                      0,8                 1,3                      0,3                     1
Return on Investment



  Rasio Lancar (%) /                                          Rasio Laba (Rugi) terhadap                                     Rasio Laba (Rugi) terhadap
  Current Ratio (%)                                           Pendapatan (%) / Return on Income                              Ekuitas (%) / Return on Equity
                                                              Ratio (%)                                                      (ROE) Ratio (%)


                                                                                                                6,0
  229
                     216                                                                                                                                                      3,8
                                                                                                   4,1

                               168
                                                                                                                                                                    2,5
                                           112
                                                                                      2,7
                                                                                                                                                        1,6
            86
                                                              1,5
                                                                                                                               0,9

                                                                         0,6                                                                0,4


  2019     2020     2021      2022        2023                2019     2020        2021           2022        2023           2019          2020        2021         2022     2023




26         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 29
                      Analisis dan Pembahasan Manajemen                Tata Kelola Perusahaan yang Baik                  Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis               Good Corporate Governance                         Corporate Social and Environmental Responsibility




                                                                                                          Ikhtisar Data Keuangan Penting
                                                                                                                  Key Financial Highlights



  Rasio Laba (Rugi) terhadap Jumlah                           Rasio Liabilitas terhadap Ekuitas (%) /                                 Rasio Liabilitas terhadap Jumlah
  Aset (%) / Return on Assets (ROA)                           Debt to Equity Ratio (%)                                                Aset (%) / Debt to Assets Ratio (%)
  Ratio (%)

                                           2,5


                                                                           77          76                                                             43          43
                                                                                                                                                                              41
                               1,5
                                                                                                    70                                  37
                                                               60                                                                                                                     35
                                                                                                                  54
                    0,9


   0,5

            0,2


  2019     2020    2021      2022        2023                 2019       2020         2021        2022           2023                 2019          2020         2021        2022    2023




IKHTISAR OPERASIONAL / OPERATIONAL HIGHLIGHT
(Disajikan dalam Ton / Stated in Tons)
                                                                                                                                                                               YoY 2022-
          Uraian / Description                         2023                     2022                      2021                    2020                      2019
                                                                                                                                                                                 2023
Produksi Terak / Clinker Production                        1.532.608             1.364.803                1.447.533                 1.305.881                1.464.554               12,3%
Produksi Semen / Cement Production                         2.144.653             1.995.565                1.960.951                 1.915.849                2.127.307                7,5%
Volume Penjualan / Sales Volume                            2.160.725            2.008.860                 1.940.309                1.930.022                  2.119.772               7,6%


  Produksi Terak (Ribu Ton) /                                 Produksi Semen (Ribu Ton) /                                             Volume Penjualan (Ribu Ton) /
  Clinker Production (Thousand Tons)                          Cement Production (Thousand Tons)                                       Sales Volume (Thousand Tons)




                                         1.533
  1.464            1.447
                             1.365                                                                               2.145
           1.306                                              2.127                                                                   2.120
                                                                                                  1.996                                                                      2.009   2.161
                                                                         1.916       1.961                                                          1.930       1.940




  2019     2020    2021      2022        2023                 2019       2020         2021        2022           2023                 2019          2020         2021        2022    2023




                                                                                                                              2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                                       27
Page 30
                                 Ikhtisar Kinerja               Laporan Manajemen          Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                                 Performance Highlights         Management Report          Company Profile         Overview on Business Supports




Ikhtisar Saham
Shares Highlights

INFORMASI KINERJA SAHAM                                                                INFORMATION OF STOCK PERFORMANCE
Perusahaan        telah        mencatat          dan      memperdagangkan              Since June 28, 2013, the Company has listed and traded its
sahamnya di Bursa Efek Indonesia sejak 28 Juni 2013.                                   shares on the Indonesia Stock Exchange. The following are
Informasi perkembangan saham Semen Baturaja “SMBR” di                                  the quarterly development details for the Company’s shares
setiap triwulanan pada tahun 2022 dan 2023 adalah sebagai                              in 2022 and 2023:
berikut:


BURSA PERDAGANGAN SAHAM SMBR: BURSA                                                    SMBR STOCK TRADING EXCHANGE: INDONESIA
EFEK INDONESIA (BEI)                                                                   STOCK EXCHANGE (IDX)
                                             Harga Saham (Rp) / Stock Price (Rp)                        Jumlah Saham
                                                                                                                               Volume
                                                                                                           Beredar
                                                                                                                             Transaksi
                                                                                                          (Lembar
                                                                                                                              (Lembar               Kapitalisasi Pasar
                                                                                                          Saham) /
     Periode / Period            Pembukaan            Tertinggi /    Terendah /       Penutupan                              Saham) /                 (Rp) / Market
                                                                                                           Number
                                  / Opening            Highest         Lowest          / Closing                            Transaction             Capitalization (Rp)
                                                                                                          Of Shares
                                                                                                                               Volume
                                                                                                         Outstanding
                                                                                                                              (Shares)
                                                                                                          (Shares)

                                                                                    2023

   Triwulan I / Quarter I                    388             432               332             360        9.932.534.336       157.187.900            3.575.712.360.960

  Triwulan II / Quarter II                  360              394               336             352        9.932.534.336       103.185.500            3.496.252.086.272

  Triwulan III / Quarter III                 352             392               340             350        9.932.534.336       177.601.800             3.476.387.017.600

  Triwulan IV / Quarter IV                  350              364               272             278        9.932.534.336       88.945.600             2.761.244.545.408

                                                                                    2022

   Triwulan I / Quarter I                    545             550               540            540         9.932.534.336       157.074.300            5.363.568.541.440

  Triwulan II / Quarter II                  520              525               505             510        9.932.534.336      173.970.200              5.065.592.511.360

  Triwulan III / Quarter III                480              484               458             474        9.932.534.336      707.212.200             4.708.021.275.264

  Triwulan IV / Quarter IV                  390              392               386             386        9.932.534.336      373.573.700             3.833.958.253.696




28           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 31
                            Analisis dan Pembahasan Manajemen                 Tata Kelola Perusahaan yang Baik               Tanggung Jawab Sosial dan Lingkungan
                            Management Discussion and Analysis                Good Corporate Governance                      Corporate Social and Environmental Responsibility




                                                                                                                                                         Ikhtisar Saham
                                                                                                                                                      Shares Highlights



GRAFIK PERGERAKAN HARGA DAN VOLUME                                                                GRAPH OF PRICE MOVEMENT AND STOCK
TRANSAKSI SAHAM 2022 – 2023                                                                       TRANSACTION VOLUME 2022-2023


Rp/saham                                                                                                                                                             Volume Transaksi (lembar)
IDR/shares                                                                                                                                                         Transaction Volume (shares)


600                                                                                                                                                                                          5.000.000



                                                                                                                                                                                             4.000.000
500


                                                                                                                                                                                             3.000.000

400

                                                                                                                                                                                             2.000.000


300
                                                                                                                                                                                             1.000.000



200                                                                                                                                                                                          0
    Jan   Feb   Mar   Apr      May     Jun     Jul    Aug        Sep   Oct    Nov      Dec     Jan     Feb       Mar   Apr     May     Jun      Jul     Aug      Sep     Oct     Nov   Dec
    22     22   22    22       22       22     22     22          22   22     22       22       23      23       23    23      23       23      23       23       23     23      23     23



                                           Harga Penutupan / Closing Price                         Volume Transaksi / Transaction Volume




GRAFIK PERGERAKAN HARGA PENUTUPAN                                                                 GRAPH OF QUARTERLY STOCK CLOSING PRICE
SAHAM TRIWULANAN 2022 – 2023                                                                      MOVEMENT 2022-2023

Rp/saham
IDR/shares

600


500


400


300


200
                       TW 1                                            TW 2                                        TW 3                                          TW 4
                        Q1                                              Q2                                          Q3                                            Q4

                                                                                     2022                         2023




                                                                                                                                  2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                                                 29
Page 32
                               Ikhtisar Kinerja             Laporan Manajemen          Profil Perusahaan          Tinjauan Unit Pendukung Bisnis
                               Performance Highlights       Management Report          Company Profile            Overview on Business Supports




Ikhtisar Saham
Shares Highlights



GRAFIK PERGERAKAN VOLUME SAHAM                                                  GRAPH OF QUARTERLY STOCK VOLUME
TRIWULANAN 2022 – 2023                                                          MOVEMENT 2022-2023
Lembar saham
shares

800.000.000

700.000.000

600.000.000

500.000.000

400.000.000

300.000.000

200.000.000

100.000.000


           0
                                 TW1                                  TW2                                  TW3                                         TW4
                                  Q1                                   Q2                                   Q3                                          Q4
                                                                     2022                   2023




INFORMASI SAHAM SMBR 2019-2023                                                  SMBR STOCK INFORMATION 2019-2023
     Uraian / Description                         2023                  2022                       2021                        2020                          2019
Jumlah Saham pada Modal
Dasar (Lembar Saham)
                                            30.000.000.000          30.000.000.000            30.000.000.000             30.000.000.000                30.000.000.000
/ Number of Shares in
Authorized Capital (Shares)
Nilai Saham pada Modal
Dasar (Rp) / Value of Shares in         3.000.000.000.000 3.000.000.000.000 3.000.000.000.000 3.000.000.000.000 3.000.000.000.000
Authorized Capital (Rp)
Jumlah Saham Beredar
(Lembar Saham) / Number of                     9.932.534.336          9.932.534.336              9.932.534.336              9.932.534.336               9.932.534.336
Outstanding Shares (Shares)
Nilai Nominal Saham (Rp/
Lembar Saham) / Share                                     100                   100                         100                             100                     100
Nominal Value (Rp/Share)
Earning per Share (Rp/Lembar)
                                                           12                    10                          5                                     1                  3
/ Earnings per Share (Rp/share)
Price to Earning Ratio (Kali) /
                                                          23                     40                         119                             963                     145
Price to Earnings Ratio (times)
Price to Book Value (Kali) /
                                                         0,87                   1,24                       2,05                              3,1                    1,26
Price to Book Value (times)




30         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                      Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis   Good Corporate Governance           Corporate Social and Environmental Responsibility




                                                                                                                           Ikhtisar Saham
                                                                                                                        Shares Highlights



KRONOLOGI PENCATATAN SAHAM                                                     CHRONOLOGY OF SHARES LISTING
                                                                                                                 Jumlah Saham
                                                                                            Harga                                              Jumlah Saham
                                                                         Nilai Nominal                            Diterbitkan
 Periode /                                                                               Penawaran                                               (Lembar) /
                          Keterangan / Description                      (Rp) / Nominal                          (Lembar) / Total
  Period                                                                               (Rp) / Offering                                        Number Of Shares
                                                                          Value (Rp)                             Shares Issued
                                                                                          Price (Rp)                                              (Shares)
                                                                                                                   (Shares)
                                        Sebelum IPO / Before IPO                                                    7.500.000.000                  7.500.000.000
             Penawaran Umum Saham Perdana (IPO) / Initial
   2013                                                                                  100         560              2.337.678.500                9.837.678.500
             Public Offering (IPO)
   2017      Management Employee Stock Option Plan (MESOP)                               100       2.550                    87.118.783             9.924.797.283
   2018      Management Employee Stock Option Plan (MESOP)                               100       3.090                     7.737.053             9.932.534.336
   2019      Management Employee Stock Option Plan (MESOP)                               100        1.160                                 -        9.932.534.336




Aksi Korporasi
Corporate Actions

Di tahun 2023, tidak terdapat aksi korporasi yang                              In 2023, there were no corporate actions that caused change
menyebabkan terjadinya perubahan pada saham Perusahaan.                        in the Company’s shares, therefore, this information is not
Sehingga informasi tersebut tidak disajikan dalam Laporan                      presented in this Annual Report.
Tahunan ini.




Penghentian Sementara Perdagangan
Saham (Suspension) dan/atau Penghapusan
Pencatatan Saham (Delisting)
Temporary Suspension Of Share Trading And/Or Delisting Of
Shares

Di tahun 2023, Perusahaan tidak pernah dikenakan sanksi                        In 2023, the Company has not received any sanctions
yang dapat berpengaruh terhadap aktivitas perdagangan                          that could affect its stock trading activities on the Stock
saham di Bursa Efek tempat Perusahaan mencatatkan                              Exchange where its shares are listed and traded. There has
saham dan memperdagangkan saham, baik penghentian                              been no temporary suspension of share trading (suspension)
sementara perdagangan saham (suspension) dan/atau                              or cancellation of share listing (delisting) that has impacted
pembatalan pencatatan saham (delisting). Dengan demikian,                      the Company, and therefore, there is no relevant information
tidak terdapat informasi terkait dampak dari penghentian                       to present in this Annual Report.
sementara perdagangan saham (suspension) dan/atau
pembatalan pencatatan saham (delisting), yang dapat
disajikan dalam Laporan Tahunan ini.




                                                                                                    2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Informasi Mengenai Obligasi, Sukuk atau
Obligasi Konversi yang Masih Beredar
Information On Bonds, Sukuk Or Conversion Bonds Still In
Circumstances

Di tahun 2023, Perusahaan tidak menerbitkan obligasi, sukuk,                   In 2023, the Company did not have any outstanding bonds,
atau obligasi konversi yang beredar (outstanding). Dengan                      sukuk, or convertible bonds. Therefore, this Annual Report
demikian, pada Laporan Tahunan ini, tidak terdapat informasi                   does not include information related to the list of outstanding
mengenai daftar obligasi/sukuk/ obligasi konversi yang                         bonds/sukuk/convertible bonds, interest/yield rates, maturity
beredar (outstanding), tingkat bunga/ imbalan, tanggal jatuh                   dates, and bond/sukuk ratings in the last 2 (two) years.
tempo, serta peringkat obligasi/sukuk dalam 2 (dua) tahun
terakhir.




Informasi Sumber Pendanaan Lainnya
Information On Other Sources Of Funding

Di tahun 2023, Perusahaan tidak menerbitkan Medium                             In 2023, the Company opted not to pursue debt financing
Term Note (MTN) atau pendanaan berbentuk utang lainnya.                        in the form of Medium Term Notes or any other means.
Dengan demikian, tidak terdapat informasi mengenai sumber                      Therefore, there is no information related to other sources of
pendanaan lainnya pada Laporan Tahunan ini.                                    funding that can be presented in this Annual Report.




32          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                       Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis             Good Corporate Governance          Corporate Social and Environmental Responsibility




Kilas Peristiwa 2023
2023 Events Highlights




  24        Januari ∙ January                               26-29       Januari ∙ January                             01            Februari ∙ February

SMBR Gelar RUPSLB Awal Tahun 2023,                          Puluhan Jenis Produk dari 14 UMKM Binaan             Perkuat Kemitraan Strategis dengan
Babak Baru Pasca Integrasi Dengan SIG. /                    Semen Baturaja Meriahkan Bazar UMKM                  Stakeholder, Direksi Semen Baturaja
SMBR held an EGMS at the beginning of 2023,                 untuk Indonesia 2023. / Dozens of types of           Audiensi dengan Gubernur Sumsel. /
a new chapter after integration with SIG.                   products from 14 MSMEs assisted by Semen             Strengthening Strategic Partnership with
                                                            Baturaja enlivened the MSME Bazaar for               Stakeholders, Board of Directors of Semen
                                                            Indonesia 2023.
                                                                                                                 Baturaja visited the Governor of South
                                                                                                                 Sumatra.




  07        Februari ∙ February                              13-14      Februari ∙ February                           26            Februari ∙ February

Town Hall Meeting Perdana SIG dan SMBR                      SIG Bersama Semen Baturaja, Menggelar                Rayakan HUT ke-25 Kementerian BUMN,
“Stronger Collaboraction”. / SIG and SMBR                   Pelatihan Ahli Konstruksi di Kota Palembang.         Semen Baturaja Ajak Masyarakat Jalan Sehat
held First Town Hall Meeting “Stronger                      / SIG together with Semen Baturaja, held             Bersama BUMN di Kota Bandar Lampung.
Collaboraction”.                                            Construction Expert Training in Palembang            / To celebrate the 25th anniversary of the
                                                            City.                                                Ministry of SOEs, Semen Baturaja Invited the
                                                                                                                 Community to Walk Healthy with SOEs event
                                                                                                                 in Bandar Lampung City.




  05        Maret ∙ March                                     08        Maret ∙ March                                 13            Maret ∙ March

Rayakan HUT ke -25 Kementerian BUMN,                        Tingkatkan Kesadaran Berbudaya K3 di                 Dorong Inovasi, Semen Baturaja Raih
Semen Baturaja Ajak Masyarakat Jalan                        Tempat Kerja, Department Of Mining Gelar             Anugerah BUMN 2023 Kategori Inovasi
Sehat Bersama BUMN di Ogan Komering Ulu.                    Kegiatan Penyegaran K3 Tambang Tahun                 Bisnis. / To Encourage Innovation, Semen
/ Celebrating the 25th Anniversary of the                   2023. / To Increase Awareness of OHS Culture         Baturaja Won the 2023 SOEs Award in the
Ministry of SOEs, Semen Baturaja Invited the                in the Workplace, Department of Mining Held          Business Innovation Category.
Community to Walk Healthy with SOEs event                   Mining OHS Refreshment Activities in 2023.
in Ogan Komering Ulu.




                                                                                                              2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja              Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights        Management Report      Company Profile      Overview on Business Supports




Kilas Peristiwa 2023
2023 Events Highlights




   15       Maret ∙ March                                 28        Maret ∙ March                        08            Mei ∙ May

Tingkatkan Keterampilan Tukang, Semen                 Semen Baturaja Raih Kredit Sindikasi            Gelar RUPST Tahun Buku 2022, Laba Bersih
Baturaja Dukung Program Peningkatan                   Berkelanjutan Senilai Rp901,425 miliar dari     SMBR Melesat Naik 103%. / In the AGMS for
Kompetensi Tukang Konstruksi Kota                     Empat Bank. / Semen Baturaja Received           the 2022 fiscal year, SMBR’s net profit soared
Palembang Melalui Sertifikasi BNSP. /                 Sustainable Syndicated Loans Worth              103%.
To improve the skills of builders, Semen              Rp901.425 billion from Four Banks.
Baturaja supported the program to increase
the competency of construction workers in
Palembang City through BNSP certification.




   15       Mei ∙ May                                     21        Mei ∙ May                            26            Mei ∙ May

Buka Peluang Ide Bisnis UMK, Rumah BUMN               Semen Baturaja Raih Juara Favorit Dalam         Kunjungi Pabrik Baturaja, Dirut SIG Donny
Baturaja Gelar Pelatihan Memasak Khas                 Ajang Karnaval HUT Sumsel ke – 77 Tahun.        Arsal Ajak Karyawan SMBR Hadapi Tantangan
Daerah. / To Open Opportunities for MSE               / Semen Baturaja Won Favorite Champion          dengan Keunggulan Baru. / Visiting the
Business Ideas, Rumah BUMN Baturaja Held              in the 77th Anniversary of South Sumatra        Baturaja Plant, SIG President Director Donny
Training in Cooking Local Cuisine.                    Carnival.                                       Arsal Invited SMBR Employees to Face
                                                                                                      Challenges with New Advantages.




  28        Mei ∙ May                                     09        Juni ∙ June                          15            Juni ∙ June

Dukung Sriwijaya Expo 2023, Semen Baturaja            Lewat Program TJSL, Semen Baturaja              Hadir di Palembang Expo 2023, Semen
Raih Penghargaan Sebagai Stand Terbaik III            Dukung Pembangunan TPS3R FT UGM Untuk           Baturaja Tampilkan Produk Mitra Binaan
Kategori Instansi. / In support of Sriwijaya          Atasi Limbah Sampah. / Through the TJSL         Rumah BUMN Baturaja. / Presented at the
Expo 2023, Semen Baturaja won the award as            Program, Semen Baturaja supported the           Palembang Expo 2023, Semen Baturaja
the third best stand in the agency category.          construction of TPS3R FT UGM to deal with       Showed the Products of Rumah BUMN
                                                      waste.                                          Baturaja Partners.




34         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                      Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis            Good Corporate Governance          Corporate Social and Environmental Responsibility




                                                                                                                     Kilas Peristiwa 2023
                                                                                                                 2023 Events Highlights




  28       Juni ∙ June                                        13      Juli ∙ July                                   13            Juli ∙ July

Semen Baturaja Salurkan Bantuan Rp 150                     Dukung Inovasi Energi Baru, Semen Baturaja          Semen Baturaja Berpartisipasi dalam
Juta untuk Masyarakat Ring 1. / Semen                      Raih Penghargaan dari Tribun Sumsel. /              BUMN Goes to Campus di Politeknik Negeri
Baturaja Distributed Rp150 million in                      Supporting New Energy Innovation, Semen             Sriwijaya. / Semen Baturaja participated in
Assistance to Ring 1 Communities.                          Baturaja won an award from Tribun Sumsel.           SOE Goes to Campus at Politeknik Negeri
                                                                                                               Sriwijaya.




  14       Juli ∙ July                                        21      Juli ∙ July                                  22             Juli ∙ July

Semen Baturaja bersama dengan Millenial                    Minum Kopi Bayar Pakai Sampah, Semen                Porseni SMBR 2023 Ajang Memperkuat
BUMN Bersihkan 1,6 Ton Sampah di Sekitar                   Baturaja Resmikan Program “Brand Eco Cafe”          Sinergi dan Kolaborasi Antar Insan SMBR.
Sungai Musi. / Semen Baturaja together                     Kedai Ramah Lingkungan. / Drink Coffee              / Porseni SMBR 2023 was an event to
with SOE Millennials cleaned up 1.6 tons of                and Pay with Garbage, Semen Baturaja                strengthen synergy and collaboration
garbage around the Musi River.                             Inaugurated the Environmentally Friendly            between SMBR people.
                                                           Shop “Brand Eco Cafe” Program.




  08       Agustus ∙ August                                  10       Agustus ∙ August                              10            Agustus ∙ August

Semen Baturaja Gandeng KPK Terus                           Semen Baturaja Berhasil Boyong Dua                  Komitmen pada Pemberdayaan Masyarakat
Tingkatkan Integrasi Anti Korupsi. / Semen                 Penghargaan Sekaligus Dalam Ajang TJSL              dan     Lingkungan,  Semen    Baturaja
Baturaja Collaborated with the Corruption                  & CSR Award 2023. / Semen Baturaja                  Diganjar Penghargaan ENSIA Award
Eradication Committee to Continue to                       succeeded in winning two awards at once in          2023. / Commitment to Community and
Improve Anti-Corruption Integration.                       the 2023 TJSL & CSR Award event.                    Environmental    Empowerment,  Semen
                                                                                                               Baturaja was awarded the 2023 ENSIA
                                                                                                               Award.




                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja              Laporan Manajemen    Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                            Performance Highlights        Management Report    Company Profile      Overview on Business Supports




Kilas Peristiwa 2023
2023 Events Highlights




  24      Agustus ∙ August                               28        Agustus ∙ August                   28            Agustus ∙ August

Sukses Lampaui Target, Integrasi SMBR                Semen Baturaja Partisipasi Bhakti Sosial      Kapolres OKU Polda Sumsel Mendukung
Dapat Pujian dari Kementerian BUMN.                  Donor Darah PMI Provinsi Sumsel. / Semen      Inovasi Madu Lebah Trigona Semen Baturaja.
/ Successfully Exceeding Target, SMBR                Baturaja participated in the South Sumatra    / The OKU Police Chief, South Sumatra
Integration Received Praise from the                 Province PMI Blood Donation Social Service.   Regional Police Supported Semen Baturaja’s
Ministry of SOEs.                                                                                  Trigona Bee Honey Innovation.




  30      Agustus ∙ August                               05       September ∙ September               07           September ∙ September

Tanggal 30 Agustus 2023, Semen Baturaja              Hadir di Prime Arebi Expo 2023, Semen         Tingkatkan Sinergi, Semen Baturaja Gelar
Sabet Dua Penghargaan dari Ajang GRC &               Baturaja Tawarkan Promo Menarik. /            Pertandingan Bulutangkis Persahabatan
Performance Excellence Award 2023. / On              Presented at Prime Arebi Expo 2023, Semen     Bersama BNI. / Increasing Synergy, Semen
August 30, 2023, Semen Baturaja won two              Baturaja Offered Attractive Promos.           Baturaja Held Friendly Badminton Match
awards from the 2023 GRC & Performance                                                             with BNI.
Excellence Award.




  09      September ∙ September                          14       September ∙ September               16           September ∙ September

Lewat Kuliah Umum, Semen Baturaja                    Melalui Rumah BUMN Baturaja, Semen            Pererat Silaturahmi dengan Awak Media,
Terapkan Sistem Manajemen K3 ke                      Baturaja Gelar Pelatihan Roasting Kopi        Semen Baturaja Melakukan Pertandingan
Universitas Baturaja. / Through a public             dan Gerakan Peduli Lingkungan Kepada          Sepakbola Persahabatan dengan Jurnalis
lecture, Semen Baturaja implemented an               UMK Mitra Binaan. / Through Rumah BUMN        FC. / To strengthen friendship with media
OHS management system at Universitas                 Baturaja, Semen Baturaja held training on     crew, Semen Baturaja held a friendly football
Baturaja.                                            coffee roasting and environmental care        match with Jurnalis FC.
                                                     movements for its fostered partner MSEs.




36        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                       Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis             Good Corporate Governance          Corporate Social and Environmental Responsibility




                                                                                                                       Kilas Peristiwa 2023
                                                                                                                   2023 Events Highlights




  22       September ∙ September                               27       September ∙ September                        30            September ∙ September

Sebagai Responden yang Responsif dan                        Implementasi TPM, Semen Baturaja                     Karyawan Semen Baturaja Berhasil Bawa
Terkooperatif, Semen Baturaja Diganjar Dua                  Apresiasi Karyawan Lewat TPM Award                   Pulang 3 Medali di Ajang Peparprov Sumsel
Penghargaan dari Badan Pusat Statistik                      Periode Semester I 2023. / Implementating            Ke – IV Lahat 2023. / Semen Baturaja
Republik Indonesia. / As a responsive and                   TPM,     Semen     Baturaja   Appreciated            Employees Successfully Won 3 Medals at the
cooperative respondent, Semen Baturaja                      Employees Through the TPM Award for the              Fourth South Sumatra Peparprov Event in
was awarded two awards from the Statistics                  First Semester of 2023.                              Lahat 2023.
Indonesia.




   12       Oktober ∙ October                                 24        Oktober ∙ October                            24             Oktober ∙ October

Mubes V SKSB, SMBR Tingkatkan Hubungan                      Gelar Public Expose, Manajemen SMBR                  Menyambut Usia Setengah Abad, Kisah
Industrial yang Solid Bersama Serikat                       Paparkan bahwa Laba Bersih di Kuartal III –          Perjalanan Semen Baturaja Dikemas Lewat
Karyawan Semen Baturaja. / SKSB V Mubes,                    2023 Melonjak Naik 25%. / Holding a Public           Buku “Sang Tiga Gajah” / Welcoming half a
SMBR Enhanced Solid Industrial Relations                    Expose, SMBR Management explained that               century of age, the story of Semen Baturaja’s
with the Semen Baturaja Employees Union.                    Net Profit in the Third Quarter - 2023 Soared        journey was presented in a book “Sang Tiga
                                                            by 25%.                                              Gajah”.




  06        November ∙ November                               08        November ∙ November                          14             November ∙ November

Fokus Pembangunan Berkelanjutan, Semen                      Gelar RUPSLB, Semen Baturaja Angkat                  Memasuki Usia ke-49 Tahun, Semen Baturaja
Baturaja Raih Penghargaan Gold Rank di Asia                 Dewan Komisaris dan Direksi Baru. /                  Kuatkan Sinergi dan Harmoni. / Entering its
Sustainability Report Rating 2023. / Focusing               Semen Baturaja Appointed New Board of                49th Year, Semen Baturaja Strengthened
on Sustainable Development, Semen                           Commissioners and Board of Directors.                Synergy and Harmony.
Baturaja won the Gold Rank Award in the Asia
Sustainability Report Rating 2023.




                                                                                                              2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                             37
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                             Ikhtisar Kinerja              Laporan Manajemen     Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights        Management Report     Company Profile      Overview on Business Supports




Kilas Peristiwa 2023
2023 Events Highlights




  16       November ∙ November                            08        November ∙ November                 21            November ∙ November

Konsisten Jaga Mutu Produk dan Layanan,               Semen Baturaja Serahkan 3 Bantuan              Tingkatkan Sinergi dan Kolaborasi, Audiensi
Semen Baturaja Raih Peringkat Perak SNI               Kontainer dan 15 Kotak Sampah Kepada Dinas     Semen Baturaja dengan PJ Gubernur Sumsel.
Award 2023. / Consistently Maintaining                Lingkungan Hidup OKU. / Semen Baturaja         / Increasing Synergy and Collaboration,
Product and Service Quality, Semen Baturaja           handed over 3 containers and 15 trash boxes    Semen Baturaja Visited the Acting Governor
Achieved the 2023 SNI Award Silver Rank.              to the OKU Environmental Service.              of South Sumatra.




  24       November ∙ November                            25        November ∙ November                 27            November ∙ November

Proses Produksi White Clay Semen Baturaja             Semen Baturaja Ajak Mahasiswa UMP              Perkuat Jalinan Bisnis, Silaturahmi Semen
Dapat Hak Paten dari Kemenkumham. /                   Menjadi Fasilitator Handal Lewat Training of   Baturaja dengan Pusri. / Strengthening
Semen Baturaja’s White Clay Production                Trainer Junior. / Semen Baturaja Invited UMP   Business Relations, Semen Baturaja Greeted
Process Received Patent from the Ministry             Students to Become Reliable Facilitators       with Pusri.
of Law and Human Rights.                              Through Training of Junior Trainers.




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                     Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis            Good Corporate Governance          Corporate Social and Environmental Responsibility




                                                                                                                    Kilas Peristiwa 2023
                                                                                                                2023 Events Highlights




  28       November ∙ November                              30       November ∙ November                          04             Desember ∙ December

Tanggal November 2023, Semen Baturaja                     Inovasi Berkelanjutan, Semen Baturaja               Melalui Program Berkelanjutan, Semen
Berikan Bantuan CSR Senilai Rp150 Juta                    Borong 7 Penghargaan pada Ajang TKMPN               Baturaja Raih Penghargaan di ISDA dan ICA
Untuk Kelompok Budidaya Ikan di Kabupaten                 XXVII 2023. / Sustainable Innovation, Semen         2023. / Through a Sustainable Program,
OKU. / Semen Baturaja provided CSR                        Baturaja won 7 awards at the TKMPN XXVII            Semen Baturaja Won Awards at ISDA and ICA
assistance worth Rp150 million to fish                    2023 event.                                         2023.
farming groups in OKU Regency.




  15       Desember ∙ December                              20       Desember ∙ December

Bantu UMK Naik Kelas, Puluhan UMK Mitra                   Kelola Lingkungan Secara Berkelanjutan,
Binaan Rumah BUMN Baturaja Kantongi                       Semen Baturaja Raih PROPER Hijau 2023
Sertifikat Halal. / Dozens of MSEs from                   Dari KLHK RI. / Managing the Environment
Rumah BUMN Baturaja received Halal                        Sustainably, Semen Baturaja won Green
Certificates to help MSEs Progress.                       PROPER 2023 from the Indonesian Ministry
                                                          of Environment and Forestry.




                                                                                                           2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                          39
Page 42
02
Page 43
Laporan Manajamen
  Management Report
Page 44
                       Ikhtisar Kinerja             Laporan Manajemen   Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                       Performance Highlights       Management Report   Company Profile     Overview on Business Supports




Laporan Dewan Komisaris
Board of Commissioners Report




       ALEX ISKANDAR MUNAF
       Komisaris Utama / Independen
       President / Independent Commissioner




42   PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis      Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                                                      Laporan Dewan Komisaris
                                                                                                Board of Commissioners Report




     Para Pemegang Saham dan
     Pemangku Kepentingan yang Terhormat,
     Honorable Shareholders and Stakeholders,




Puji dan syukur kami panjatkan ke hadirat Tuhan Yang Maha                        We offer our praise and gratitude to the presence of Almighty
Kuasa, karena atas rahmat dan karunia-Nya, Perusahaan telah                      God, because by His mercy and grace, the Company has
melewati tantangan di tahun 2023 dengan kinerja yang positif.                    overcome the challenges in 2023 with positive performance.
Dewan Komisaris menilai, Direksi beserta jajaran terkait telah                   The Board of Commissioners assesses that the Board of
berhasil memimpin Perusahaan untuk melaksanakan proses                           Directors and related staff have succeeded in leading the
integrasi Semen Baturaja ke dalam SIG, yang merupakan                            Company to carry out the process of integrating Semen
wujud sinergi dalam memperkuat subklaster semen BUMN.                            Baturaja into SIG, which is a form of synergy in strengthening
Proses integrasi ke dalam SIG telah menghadirkan dampak                          the SOE cement sub-cluster. The integration process into
positif yang tercermin pada peningkatan kinerja keuangan                         SIG has had a positive impact which is reflected in improved
serta operasional, sebagai hasil penciptaan nilai di tengah                      financial and operational performance, as a result of value
pasar semen nasional yang kompetitif.                                            creation in the competitive national cement market.


Dengan didukung komite-komite di bawah Dewan Komisaris,                          With the support of committees under the Board of
kami telah melaksanakan fungsi pengawasan dan pemberian                          Commissioners, we have carried out the function of
nasihat terhadap pengelolaan Perusahaan pada tahun 2023.                         monitoring and providing advice on the management of the
Melalui hubungan kerja yang efektif bersama Direksi, Dewan                       Company in 2023. Through an effective working relationship
Komisaris memastikan bahwa keputusan penting terkait                             with the Board of Directors, the Board of Commissioners
pengelolaan Perusahaan telah diambil melalui mekanisme                           ensures that important decisions regarding the management
checks     and   balances     sebagai         implementasi     prinsip-          of the Company have been taken through a checks and
prinsip Good Corporate Governance (GCG) sesuai peraturan                         balances mechanism as an implementation of Good
perundang-undangan dan praktik terbaik yang berlaku.                             Corporate Governance (GCG) principles in accordance with
                                                                                 applicable laws and best practices.


Melalui kesempatan ini, saya mewakili Dewan Komisaris akan                       Through this opportunity, on behalf of the Board of
menyampaikan laporan fungsi pengawasan dan pemberian                             Commissioners, I would like to submit a report on the
nasihat untuk periode 2023. Laporan ini secara lebih lanjut                      supervisory and advisory function for the 2023 period. This
akan memuat uraian sejumlah aspek terkait tugas dan                              report will further describe a description of a number of
tanggung jawab Dewan Komisaris di dalam struktur tata                            aspects related to the duties and responsibilities of the
kelola Perusahaan, mencakup pandangan atas kinerja Direksi,                      Board of Commissioners within the Company's governance
perumusan dan implementasi strategi, implementasi GCG,                           structure, including views on the performance of the Board
hingga prospek usaha Perusahaan untuk tahun mendatang.                           of Directors, formulation and implementation of strategies,
Pembahasan masing-masing aspek tersebut adalah sebagai                           GCG implementation, and the Company's business prospects
berikut.                                                                         for the coming year. The discussion of each of these aspects
                                                                                 is as follows.

                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen       Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report       Company Profile     Overview on Business Supports




Laporan Dewan Komisaris
Board of Commissioners Report



PANDANGAN DEWAN KOMISARIS TERHADAP                                              THE BOARD OF COMMISSIONERS' VIEWS ON
KONDISI EKSTERNAL                                                               EXTERNAL CONDITIONS
Ekonomi Indonesia pada 2023 ditandai dengan stabilitas                          The Indonesian economy in 2023 was characterized by
pertumbuhan di tengah tantangan global, menandakan                              stable growth amidst global challenges, indicating a good
tingkat    resiliensi    yang      baik.        Pertumbuhan       ekonomi       level of resilience. Indonesia's economic growth in 2023 was
Indonesia pada 2023 adalah sebesar 5,05% atau lebih tinggi                      recorded at 5.05% or higher than the cumulative growth of
dibanding pertumbuhan kumulatif negara-negara ASEAN-5                           ASEAN-5 countries which was 4.2% (IMF World Economic
yang sebesar 4,2% (World Economic Outlook IMF, Februari                         Outlook, February 2024). The inflation rate was successfully
2024). Tingkat inflasi berhasil terjaga pada sasaran target                     maintained at the target of 3%±1, supported by coordination
3%±1, didukung koordinasi di antara regulator melalui Tim                       between regulators through the Regional Inflation Control
Pengendali Inflasi Daerah (TPID) dan Tim Pengendali Inflasi                     Team (TPID) and the National Inflation Control Team (TPIN).
Nasional (TPIN). Di tengah pertumbuhan ekonomi tersebut,                        In the midst of economic growth, the construction sector
sektor konstruksi tumbuh 4,91% atau lebih tinggi dibanding                      grew 4.91% or higher than growth in 2022 which was 2.01%.
pertumbuhan pada 2022 yang sebesar 2,01%. Adapun, sektor                        Meanwhile, the real estate sector grew 1.43% or a slight
real estat tumbuh 1,43% atau sedikit menurun dibanding                          decrease compared to growth in 2022 which was 1.72%.
pertumbuhan pada 2022 yang sebesar 1,72%.


Seiring stabilitas ekonomi dan tingkat inflasi yang terjaga,                    Along with economic stability and maintained inflation
industri semen Indonesia ditandai dengan situasi yang positif.                  levels, the Indonesian cement industry was characterized by
Mengacu pada data Asosiasi Semen Indonesia (ASI), pasar                         a positive situation. Referring to data from the Indonesian
semen domestik tumbuh mencapai 3,5% dengan volume                               Cement Association (ASI), the domestic cement market
penjualan mencapai 65,56 juta ton. Pasar semen kantong,                         grew by 3.5% with sales volume reaching 65.56 million tons.
yang secara umum dipakai untuk kebutuhan pembangunan                            The bagged cement market, which was generally used for
properti dan real estat, stabil dengan volume 46,38 juta                        property and real estate development needs, stable with
ton. Adapun, pasar semen curah yang mewakili permintaan                         a volume of 46.38 million tons. Meanwhile, the bulk cement
untuk kebutuhan pembangunan infrastruktur tumbuh 13,6%                          market, which represents demand for infrastructure
dengan volume 19,18 juta ton. Kondisi positif juga ditandai                     development needs, grew 13.6% with a volume of 19.18 million
dengan kapasitas produksi mencapai 118,1 juta ton dengan                        tons. Positive conditions were also indicated by production
permintaan domestik mencapai 65 juta ton, yang secara                           capacity reaching 118.1 million tons with domestic demand
umum menunjukkan kelanjutan overcapacity pada tahun                             reaching 65 million tons, which generally shows continued
2023 dengan tingkat utilisasi 54,2%.                                            overcapacity in 2023 with a utilization rate of 54.2%.


Industri   semen        secara      mendasar           dipengaruhi       oleh   The cement industry is fundamentally influenced by
perkembangan ketersediaan dan harga komoditas energi,                           developments in the availability and prices of energy
utamanya batubara. Pada 2023, ketersediaan batubara                             commodities, especially coal. In 2023, the availability of
sebagai    komoditas        energi       didukung        adanya     tingkat     coal as an energy commodity was supported by a good level
produktivitas yang baik, mencapai 775,2 ton atau setara                         of productivity, reaching 775.2 tons or 112% of the target
112% dibanding target yang ditetapkan pemerintah. Angka                         set by the government. This figure also shows an increase
tersebut sekaligus menunjukkan peningkatan dibanding                            compared to production levels in the previous year with a
tingkat produksi di tahun sebelumnya dengan persentase                          percentage of 12.84%. With such high level of production,
12,84%. Dengan tingkat produksi yang tinggi tersebut,                           the government as regulator can then have more freedom
pemerintah sebagai regulator kemudian dapat lebih leluasa                       in meeting domestic coal needs, including for the cement
dalam memenuhi kebutuhan batubara di dalam negeri, di                           industry, electricity industry, and other industries.
antaranya untuk kebutuhan industri semen, industri listrik,
serta industri lain.




44          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                                                                   Laporan Dewan Komisaris
                                                                                             Board of Commissioners Report



Sebagai faktor eksternal yang berpengaruh terhadap bisnis                     The Board of Commissioners directly highlighted the damage
Semen Baturaja, secara langsung Dewan Komisaris menyoroti                     to the Siamang bridge in Prabumulih, which was repaired
rusaknya jembatan Siamang di Prabumulih dengan perbaikan                      in months, as an external factor that had an impact on
yang telah memakan waktu berbulan-bulan. Situasi tersebut                     Semen Baturaja's business. This situation caused the SMBR
menyebabkan armada pengangkutan SMBR harus memutar                            transport fleet to have to detour via a further route, namely
melalui jalur yang lebih jauh, yaitu melalui jalur Muara Enim.                via the Muara Enim route. Longer distances and longer travel
Jarak tempuh yang lebih jauh serta waktu tempuh yang lebih                    times triggered an increase in transportation costs, as well
lama tersebut memicu kenaikan ongkos angkut, di samping                       as affected SMBR sales volumes. Apart from that, the Board
memengaruhi volume penjualan SMBR. Selain itu, Dewan                          of Commissioners also highlighted higher rainfall in 2023 as
Komisaris juga menyoroti curah hujan yang lebih tinggi pada                   a factor that also influenced Semen Baturaja's operational
2023 sebagai faktor yang turut memberi pengaruh pada                          processes.
proses operasi Semen Baturaja.


PENILAIAN DEWAN KOMISARIS TERHADAP                                            ASSESSMENT OF THE BOARD OF
KINERJA DIREKSI                                                               COMMISSIONERS ON THE PERFORMANCE OF THE
                                                                              BOARD OF DIRECTORS
Dewan Komisaris melakukan penilaian terhadap kinerja                          The Board of Commissioners assessed the performance
Direksi dalam mengelola Perusahaan, dengan mengacu                            of the Board of Directors in managing the Company by
kepada sejumlah indikator. Di antara indikator-indikator                      referring to several indicators. Among these indicators, the
tersebut, penilaian terhadap kinerja Direksi dilakukan dengan                 assessment of the performance of the Board of Directors was
mengukur pencapaian sasaran yang ditetapkan di dalam                          carried out by measuring the achievement of targets set out
Rencana Kerja dan Anggaran Perusahaan (RKAP), realisasi                       in the Company's Work Plan and Budget (RKAP), the realization
pertumbuhan dibanding pencapaian tahun sebelumnya, serta                      of growth compared to the previous year, as well as the Key
Key Performance Indicators (KPI) tahun 2023, baik KPI yang                    Performance Indicators (KPI) for 2023, both corporate and
bersifat korporat maupun individual.                                          individual KPI’s.


KPI tahun 2023 sekaligus menjadi sasaran kinerja yang                         The 2023 KPI was also a performance target agreed by
disepakati oleh pemegang saham dan berlaku sebagai                            shareholders and served as a Management Contract for the
Kontrak Manajemen bagi Direksi. Berkenaan dengan hal                          Board of Directors. In this regard, 2023 was the first year
tersebut, tahun 2023 merupakan tahun pertama Kontrak                          that the Management Contract applies to the Company as an
Manajemen berlaku atas Perusahaan sebagai Operating                           Operating Company (Opco) with an assessment determined
Company (Opco) dengan penilaian ditetapkan oleh Holding.                      by Holding.


Berdasarkan indikator-indikator yang telah disebutkan,                        Based on the aforementioned indicators, the Board of
Dewan Komisaris menyimpulkan bahwa Direksi telah                              Commissioners concluded that the Board of Directors had
mengelola Perusahaan selama tahun 2023 dengan kinerja                         managed the Company with good performance throughout
yang baik. Pencapaian Perusahaan terhadap target RKAP                         2023. The Company's achievement of the 2023 RKAP target
2023 ditandai struktur modal yang terjaga, dengan realisasi                   was marked by a maintained capital structure, with realized
aset sejumlah Rp4,86 triliun yang memenuhi sasaran dengan                     assets amounting to Rp4.86 trillion which met 97% of the
persentase 97%. Nilai aset tersebut terdiri atas liabilitas                   target. The assets consisted of liabilities amounting to Rp1.69
sejumlah Rp1,69 triliun atau memenuhi sasaran dengan                          trillion or meeting 96% of the target and equity amounting to
persentase 96% serta ekuitas sejumlah Rp3,16 triliun yang                     Rp3.16 trillion which meets 98% of the target.
memenuhi sasaran dengan persentase 98%.




                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                      45
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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Laporan Dewan Komisaris
Board of Commissioners Report



Pada sisi profitabilitas, Perusahaan berhasil membukukan                     On the profitability standpoint, the Company managed to
perolehan pendapatan sejumlah Rp2,04 triliun pada tahun                      record revenue of Rp2.04 trillion in 2023, or an increase of
2023, atau meningkat sebesar 8,44% dibanding tahun                           8.44% compared to the previous year. As such, the Company
sebelumnya. Atas perolehan itu, Perusahaan membukukan                        posted a profit for the year of Rp121.57 billion or an increase
laba tahun berjalan sejumlah Rp121,57 miliar atau meningkat                  of 57.24% compared to the previous year of Rp77.32 billion.
sebesar 57,24% dibanding perolehan pada tahun sebelumnya
yang sebesar Rp77,32 miliar.


Kemudian, pada sisi produksi dan penjualan, Perusahaan                       Then, on the production and sales aspect, the Company
merealisasikan volume produksi semen mencapai 2.144.653                      realized a cement production volume of 2,144,653 tons or
ton atau meningkat 7,47% dari realisasi di tahun sebelumnya                  an increase of 7.47% from the realization in the previous
yang sejumlah 1.995.565 ton. Dengan volume produksi                          year of 1,995,565 tons. With this production volume, the
tersebut, Perusahaan merealisasikan volume penjualan                         Company realized a cement sales volume of 2,160,725 tons or
semen mencapai 2.160.725 ton atau meningkat 7,56%                            an increase of 7.56% compared to sales in the previous year
dibanding penjualan pada tahun sebelumnya yang sejumlah                      which amounted to 2,008,860 tons.
2.008.860 ton.


Dewan Komisaris mengapresiasi timbal balik positif yang                      The Board of Commissioners appreciates the positive
diperoleh Perusahaan atas integrasi Semen Baturaja ke                        feedback received by the Company for the integration of
dalam SIG, yang antara lain tercermin melalui pangsa pasar                   Semen Baturaja into SIG which is reflected in SIG's market
SIG di wilayah Sumatra bagian selatan (Sumbagsel). Volume                    share in the southern Sumatra region (Sumbagsel). The
permintaan semen pada wilayah Sumbagsel pada 2023 adalah                     volume of demand for cement in the South Sumatra region
5.998.198 ton, dengan volume penjualan yang berhasil dicapai                 in 2023 was 5,998,198 tons, with a sales volume of 2,160,725
sejumlah 2.160.725 ton atau setara dengan persentase                         tons or the equivalent of 36%.
sebesar 36%.


Di samping itu, Dewan Komisaris melakukan penilaian terhadap                 In addition, the Board of Commissioners assessed the
kinerja Direksi berdasarkan penerapan praktik tata kelola                    performance of the Board of Directors based on the
yang baik, tercermin melalui perolehan skor assessment GCG                   implementation of good governance practices as reflected
Perusahaan oleh assessor independen dengan menggunakan                       in the Company's GCG assessment score obtained by an
parameter ASEAN Corporate Governance Scorecard (ACGS).                       independent assessor using ASEAN Corporate Governance
Pada assessment GCG yang dilakukan di tahun 2023, SMBR                       Scorecard (ACGS) parameters. In the GCG assessment carried
memperoleh skor sebesar 88,51 atau meningkat dibanding                       out in 2023, SMBR obtained a score of 88.51 or an increase
perolehan skor pada assessment GCG dengan parameter                          compared to the score obtained in the GCG assessment with
ACGS di tahun 2019 yang sebesar 74,82.                                       ACGS parameters in 2019 which was 74.82.


Peningkatan skor GCG ini sekaligus mencerminkan komitmen                     This increase in the GCG score also reflects the strong
kuat dari Direksi beserta jajaran manajemen untuk secara                     commitment of the Board of Directors and management to
berkelanjutan menerapkan penyempurnaan terhadap praktik                      continuously implement improvements to Semen Baturaja's
GCG Semen Baturaja, khususnya pasca-proses integrasi                         GCG practices, especially after the Company's integration
Perusahaan ke dalam SIG.                                                     process into SIG.




46        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                       Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis   Good Corporate Governance                Corporate Social and Environmental Responsibility




                                                                                                     Laporan Dewan Komisaris
                                                                                               Board of Commissioners Report



Secara khusus, Dewan Komisaris mengapresiasi sejumlah                           In particular, the Board of Commissioners appreciated a
pencapaian Perusahaan pada 2023 antara lain dengan                              number of the Company's achievements in 2023, including
diselesaikannya perizinan terkait area tambang 3 (T3) untuk                     the completion of permits related to mining area 3 (T3)
penyediaan bahan baku utama pabrik semen, penyelesaian                          for the supply of main raw materials for cement factories,
akses menuju tambang 3 (T3), hingga peningkatan rasio                           completion of access to mining area 3 (T3), and increasing the
pengadaan batubara dari pihak selain Bukit Asam guna                            ratio of coal procurement from parties other than Bukit Asam
memangkas biaya. Selain itu, Direksi beserta jajaran                            in order to cut costs. In addition, the Board of Directors and
manajemen berhasil mengurangi utang berbunga Perusahaan                         management succeeded in reducing the Company's interest-
pada 2023, sehingga menurunkan beban keuangan secara                            bearing debt in 2023, thereby reducing the financial expenses
signifikan.                                                                     significantly.


Pada 2023, Dewan Komisaris telah memberi perhatian                              In 2023, the Board of Commissioners has paid full attention
penuh terhadap pencapaian KPI korporat Semen Baturaja,                          to the achievement of Semen Baturaja's corporate KPI, which
yang secara keseluruhan memperlihatkan pencapaian yang                          overall shows positive achievements with a score of 97.71% of
positif yaitu dengan skor 97,71% terhadap sasaran. Sejumlah                     the target. A number of indicators in the 2023 corporate KPI
indikator pada penilaian KPI korporat tahun 2023 adalah                         assessment are as follows:
sebagai berikut:
1. Nilai Ekonomi dan Sosial untuk Indonesia, terdiri atas                       1. Economic and Social Value for Indonesia, consisting
   OEE (NetKiln), MTBF (Kiln), Specific Thermal Energy                                of OEE (NetKiln), MTBF (Kiln), Specific Thermal Energy
   Consumption, TSR, Safety Performance, PROPER, Culture                              Consumption, TSR, Safety Performance, PROPER, Culture
   Readiness, Sinergi Value Integrasi SIG-SMBR, OPEX (Exd                             Readiness, SIG-SMBR Integration Value Synergy, OPEX
   Depr & ManPower);                                                                  (Exd Depr & ManPower);
2. Inovasi Model Bisnis, terdiri dari Biaya Pemeliharaan                        2. Business Model Innovation, consisting of Maintenance
   terkait Aktivitas Produksi Semen, Clinker Factor PCC                               Costs      related      to      Cement             Production      Activities,
   Reguler, Specific Electrical Energy Consumption (SEEC) up                          Regular Clinker Factor PCC, Specific Electrical Energy
   to Cement, Design Capacity per Jumlah Karyawan;                                    Consumption (SEEC) up to Cement, Design Capacity/
                                                                                      Number of Employees;
3. Kepemimpinan Teknologi, terdiri atas Project Automation                      3. Technology Leadership, consisting of Project Automation
   Utilization Rate;                                                                  Utilization Rate;
4. Peningkatan Investasi, terdiri dari TKDN Spare Part; serta                   4. Increased Investment, consisting of TKDN Spare Parts;
                                                                                      and
5. Pengembangan Talenta.                                                        5. Talent Development.


PELAKSANAAN TUGAS DEWAN KOMISARIS                                               IMPLEMENTATION OF THE DUTIES OF THE
                                                                                BOARD OF COMMISSIONERS
Dewan Komisaris telah melaksanakan seluruh tugas dan                            The Board of Commissioners has carried out all duties and
tanggung jawab sebagai pengawas dan pemberi nasihat di                          responsibilities as supervisors and advisors within the
dalam struktur tata kelola Perusahaan secara baik, sesuai                       Company's governance structure properly, in accordance
Board Manual, Anggaran Dasar, serta peraturan perundang-                        with the Board Manual, Articles of Association, and
undangan yang berlaku. Didukung hubungan kerja yang efektif                     applicable laws and regulations. Supported by an effective
bersama Direksi, Dewan Komisaris telah melaksanakan                             working relationship with the Board of Directors, the Board
fungsi pengawasan terhadap perumusan dan implementasi                           of Commissioners has carried out a supervisory function
kebijakan strategis Perusahaan, antara lain melalui proses                      over the formulation and implementation of the Company's
penyusunan Rencana Jangka Panjang Perusahaan (RJPP)                             strategic policies, including through the process of preparing




                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                               47
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Laporan Dewan Komisaris
Board of Commissioners Report



dan RKAP. Lebih dari itu, Dewan Komisaris memantau serta                      the Company's Long-Term Plan (RJPP) and RKAP. Moreover,
memastikan bahwa praktik GCG telah diterapkan secara                          the Board of Commissioners monitored and ensured that
efektif dan berkelanjutan di lingkungan Perusahaan.                           GCG practices were implemented effectively and sustainably
                                                                              within the Company.


Kinerja Dewan Komisaris pada 2023 antara lain tercermin                       The performance of the Board of Commissioners in 2023 is
melalui skor assessment GCG oleh assessor independen                          reflected, among other things, in the GCG assessment score
melalui parameter ACGS pada aspek Tanggung Jawab Direksi                      by an independent assessor through the ACGS parameters
dan Dewan Komisaris dengan tingkat pemenuhan 86,15%                           in the Responsibility aspect of the Board of Directors and
Perolehan tersebut memperlihatkan peningkatan dibanding                       Board of Commissioners with a compliance level of 86.15%.
assessment GCG berdasarkan ACGS pada tahun 2019 dengan                        This achievement shows an increase compared to the GCG
tingkat pemenuhan 67,7%.                                                      assessment based on ACGS in 2019 with a compliance rate of
                                                                              67.7%.


PENGAWASAN TERHADAP PERUMUSAN                                                 SUPERVISION OF THE FORMULATION OF
STRATEGI DAN KEBIJAKAN STRATEGIS                                              COMPANY STRATEGY AND STRATEGIC POLICIES
PERUSAHAAN
Sesuai ketentuan yang berlaku, Dewan Komisaris telah                          In accordance with applicable regulations, the Board of
menerapkan fungsi pengawasan terhadap pengelolaan                             Commissioners has implemented a supervisory function
Perusahaan termasuk atas proses perumusan strategi dan                        over the management of the Company, including the strategy
kebijakan strategis yang termuat di dalam RJPP dan RKAP.                      formulation process and strategic policies contained in the
Melalui hubungan kerja yang efektif bersama Direksi, Dewan                    RJPP and RKAP. Through an effective working relationship
Komisaris telah memastikan bahwa proses penyusunan                            with the Board of Directors, the Board of Commissioners
strategi dan kebijakan strategis Perusahaan telah dilakukan                   has ensured that the process of formulating the Company's
dengan mempertimbangkan perkembangan eksternal dan                            strategy and strategic policies has been carried out taking into
internal, sesuai perubahan peraturan perundang-undangan                       account external and internal developments, in accordance
yang berlaku.                                                                 with changes to applicable laws and regulations.


Dengan didukung Komite Audit dan Komite Manajemen                             Supported by the Audit Committee and Risk Management
Risiko, Dewan Komisaris telah secara proaktif menerapkan                      Committee, the Board of Commissioners has proactively
fungsi koordinasi bersama jajaran manajemen perusahaan,                       implemented coordination functions with the Company's
melakukan verifikasi dan validasi data, serta menyusun                        management, verified and validated data, and prepared
laporan secara berkala setiap satu bulan sekali. Dewan                        regular reports once a month. The Board of Commissioners
Komisaris telah memberikan masukan dan arahan yang                            has provided the necessary input and direction in the process
diperlukan dalam proses perumusan strategi dan kebijakan                      of formulating the Company's strategy and strategic policies
strategis Perusahaan, melalui mekanisme rapat berkala                         through the mechanism of regular meetings with the Board of
bersama Direksi serta bersama pemangku kepentingan.                           Directors and with stakeholders.


Dewan Komisaris menilai Direksi dengan didukung jajaran                       The Board of Commissioners assessed that the Board of
terkait telah menyusun strategi dan kebijakan strategis                       Directors, supported by related staff, has prepared the
Perusahaan dengan baik. Dewan Komisaris memastikan,                           Company's strategies and strategic policies properly. The
penyusunan strategi dan kebijakan strategis Perusahaan                        Board of Commissioners ensured that the preparation of the
telah dilakukan dengan mempertimbangkan hasil analisis                        Company's strategy and strategic policies has been carried
terhadap    faktor-faktor        yang        berpengaruh       signifikan,    out by considering the results of analysis of factors that have
didukung implementasi mitigasi terhadap seluruh risiko                        a significant influence, supported by the implementation of
guna meminimalisasi dampak merugikan yang mungkin                             mitigation for all risks in order to minimize adverse impacts



48         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                        Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis       Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                                                          Laporan Dewan Komisaris
                                                                                                    Board of Commissioners Report



timbul. Selain itu, Dewan Komisaris menilai Direksi                                  that may arise. In addition, the Board of Commissioners
telah dengan saksama menyusun strategi dan kebijakan                                 assessed that the Board of Directors has carefully developed
strategis Perusahaan secara terintegrasi terhadap strategi                           the Company's strategy and strategic policies in an integrated
dan kebijakan strategis SIG sebagai Holding, sebagai                                 manner with SIG's strategy and strategic policies as a Holding,
upaya bersama dalam menciptakan value bagi pemangku                                  as a joint effort in creating value for stakeholders.
kepentingan.


PANDANGAN TERHADAP IMPLEMENTASI                                                      VIEWS ON THE IMPLEMENTATION OF COMPANY
STRATEGI DAN KEBIJAKAN STRATEGIS                                                     STRATEGY AND STRATEGIC POLICIES
PERUSAHAAN
Berdasarkan Board Manual, Anggaran Dasar, hingga peraturan                           Based on the Board Manual, Articles of Association, and
perundang-undangan yang berlaku, Dewan Komisaris telah                               applicable laws and regulations, the Board of Commissioners
melaksanakan praktik pengawasan terhadap pengelolaan                                 has carried out supervisory practices over the management
Perusahaan, mencakup pengawasan terhadap implementasi                                of the Company, including supervision of the implementation
strategi dan kebijakan strategis yang diterapkan pada tahun                          of strategies and strategic policies implemented in 2023.
2023. Hal ini dilaksanakan antara lain melalui mekanisme                             This was implemented, among other things, through a joint
rapat gabungan antara Dewan Komisaris dan Direksi yang                               meeting mechanism between the Board Commissioners and
telah terlaksana secara efektif serta sesuai ketentuan yang                          Board of Directors who have been implemented effectively
berlaku, yaitu jumlah pelaksanaan sebanyak 15 (lima belas)                           and in accordance with applicable regulations, namely 15
kali rapat pada 2023.                                                                (fifteen) meetings in 2023.


Selain itu, pengawasan terhadap implementasi strategi                                In addition, supervision of the implementation of the
dan kebijakan strategis Perusahaan juga dilakukan di luar                            Company's strategy and strategic policies was also carried
mekanisme rapat, yaitu melalui kunjungan kerja Dewan                                 out outside the meeting mechanism, namely through
Komisaris serta hubungan kerja antara komite-komite Dewan                            working visits of the Board of Commissioners and working
Komisaris dan organ-organ di bawah Direksi. Pada 2023,                               relationships between the committees of the Board of
Dewan Komisaris melaksanakan kunjungan kerja sejumlah                                Commissioners and organs under the Board of Directors. In
3 (tiga) kali pada sejumlah lokasi pabrik Semen Baturaja.                            2023, the Board of Commissioners carried out 3 (three) work
Dewan Komisaris menilai, hubungan kerja antara komite                                visits to Baturaja Semen plant locations. Meanwhile, the Board
Dewan Komisaris dan organ-organ di bawah Direksi telah                               of Commissioners assessed that the working relationship
terselenggara secara baik selama 2023 yang tercermin                                 between the Board of Commissioners committees and organs
melalui penyelenggaraan rapat kerja gabungan di antara                               under the Board of Directors has been well organized during
organ.                                                                               2023 as reflected in the holding of joint working meetings
                                                                                     between the organs.


Dewan Komisaris telah menerapkan praktik pengawasan                                  The Board of Commissioners has implemented supervisory
dengan    berfokus       pada       sejumlah           aspek   operasional           practices by focusing on a number of aspects of the Company's
Perusahaan, mencakup realisasi penjualan, pengadaan,                                 operations, including the realization of sales, procurement,
efisiensi bahan bakar khususnya pada pemakaian batubara,                             fuel efficiency especially in coal use, additional 3 mining
perizinan tambang 3 (T3), pengalihan Sumber Daya Manusia                             (T3) licenses, transfer of the Company's Human Resources
(SDM) Perusahaan berkenaan dengan pengurangan fungsi                                 (HR) regarding the reduction of work unit functions to Holding
unit kerja ke Holding SIG, serta realisasi penagihan piutang                         SIG, as well as the realization of collection of bad debts. In
macet. Selain itu, Dewan Komisaris juga telah secara terus-                          addition, the Board of Commissioners has also continuously
menerus memonitor implementasi GCG serta manajemen                                   monitored the implementation of GCG and the Company's risk
risiko Perusahaan.                                                                   management.




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile       Overview on Business Supports




Laporan Dewan Komisaris
Board of Commissioners Report



Secara berkala, Dewan Komisaris memonitor proses                              The Board of Commissioners periodically monitored the
implementasi strategi dan kebijakan strategis Perusahaan,                     process of implementing the Company's strategy and
agar dapat tercapai sesuai dengan sasaran kinerja. Sejumlah                   strategic policies, so that performance targets can be
strategi yang menjadi fokus monitoring Dewan Komisaris                        achieved. A number of strategies that became the focus of
pada 2023 antara lain sebagai berikut:                                        monitoring by the Board of Commissioners in 2023 include:
1. Strategi terkait perizinan, antara lain perizinan dan                      1. Strategy related to licensing, including licensing and
   pembebasan Lahan Tambang Baturaja 3 (T3) yaitu                                acquisition of the Baturaja 3 Mining (T3) Land, namely in
   berupa izin lingkungan, izin Pemanfaatan Areal di luar                        the form of environmental permits, permits for the use of
   IUP, izin Pinjam Pakai Areal Kawasan Hutan, izin Usaha                        areas outside the IUP, permits to borrow and use forest
   Pertambangan Eksplorasi Batu Gamping dan izin Usaha                           areas, limestone exploration mining business permits
   Pertambangan Operasi Produksi Batu Gamping. Hal ini                           and limestone production operation mining business
   dilakukan dalam rangka menjamin keberlangsungan                               permits. This was done in order to ensure the long-term
   usaha Perusahaan untuk jangka panjang.                                        sustainability of the Company's business.
2. Strategi Perusahaan dalam menjaga tingkat likuiditas                       2. Company strategy in maintaining healthy liquidity levels.
   tetap sehat.
3. Pelaporan Program Strategis SMBRGO45 berkala setiap                        3. Periodic SMBRGO45 Strategic Program reporting every
   bulan untuk menjaga efisiensi operasi Perusahaan.                             month to maintain the efficiency of the Company's
                                                                                 operations.
4. Percepatan penyelesaian piutang macet.                                     4. Accelerate settlement of the bad debts.


NASIHAT DAN REKOMENDASI DEWAN KOMISARIS                                       ADVICE AND RECOMMENDATIONS FROM THE
                                                                              BOARD OF COMMISSIONERS
Seiring dengan praktik pengawasan terhadap pengelolaan                        In line with supervisory practices regarding the management
Perusahaan, Dewan Komisaris menyampaikan nasihat                              of the Company, the Board of Commissioners provided advice
dan rekomendasi kepada Direksi, dengan memperhatikan                          and recommendations to the Board of Directors, taking
masukan dari komite-komite di bawah Dewan Komisaris.                          into account input from committees under the Board of
Terkait hal ini, Dewan Komisaris menugaskan Komite                            Commissioners. In this regard, the Board of Commissioners
Audit dan Komite Manajemen Risiko untuk secara proaktif                       assigned the Audit Committee and Risk Management
melakukan koordinasi dengan manajemen, melakukan                              Committee to proactively coordinate with management,
verifikasi dan validasi data, serta menyusun laporan bulanan.                 verify and validate data, and prepare monthly reports.


Penyampaian       nasihat      dan       rekomendasi       disampaikan        The delivery of advice and recommendations was conducted
khususnya terhadap sejumlah aspek yang menjadi fokus                          specifically regarding a number of aspects that are the focus
pengawasan Dewan Komisaris, dengan uraian sebagai                             of supervision by the Board of Commissioners, with the
berikut:                                                                      following description:
1. Proses Perizinan                                                           1. Licensing Process
   Dewan Komisaris terus mendorong Direksi beserta                               The Board of Commissioners continued to encourage
   jajaran manajemen untuk melakukan proses percepatan,                          the Board of Directors and management to accelerate
   dengan memperhatikan kontribusi bagi upaya pelestarian                        the process, taking into account contributions to
   lingkungan.                                                                   environmental conservation efforts.


2. Cash Flow                                                                  2. Cash Flow
   Dewan Komisaris meminta Direksi untuk menjaga cash                            The Board of Commissioners requested the Board
   flow dengan baik serta melaporkan secara transparan di                        of Directors to maintain cash flow well and report
   dalam rapat kerja bulanan.                                                    transparently at monthly work meetings.




50         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                    Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                                                  Laporan Dewan Komisaris
                                                                                            Board of Commissioners Report



3. Efisiensi Operasi                                                         3. Operational Efficiency
   Dewan Komisaris mendorong Direksi untuk dapat                                   The Board of Commissioners encouraged the Board of
   mengupayakan dan melaporkan peningkatan rasio                                   Directors to strive for and report an increase in the ratio
   pengadaan batubara yang berasal dari pihak selain Bukit                         of coal procurement originating from parties other than
   Asam, yaitu batubara dengan harga lebih rendah.                                 Bukit Asam, i.e., coal at lower prices.


4. Penyelesaian Piutang Macet                                                4. Settlement of Bad Debts
   Dewan Komisaris telah meminta Direksi untuk melakukan                           The Board of Commissioners has asked the Board of
   terobosan dalam rangka percepatan realisasi penagihan                           Directors to make breakthroughs in order to accelerate
   piutang macet Perusahaan, serta melakukan follow up,                            the realization of the collection of the Company's bad
   monitor, serta melaporkan progres setiap bulannya.                              debts, as well as follow-up, monitor, and report progress
                                                                                   every month.


5. Realisasi Inter-Company Sales (ICS)                                       5. Realization of Inter-Company Sales (ICS)
   Dewan Komisaris mendorong Direksi untuk dapat terus                             The Board of Commissioners encouraged the Board of
   meningkatkan kinerja ICS sebagai upaya menangkap                                Directors to continue to improve ICS performance in an
   peluang pasar.                                                                  effort to capture market opportunities.


6. Integrasi dengan Holding                                                  6. Integration with Holding
   Terkait proses transisi integrasi ke dalam Holding SIG,                         Regarding the transition process of integration into the
   Dewan Komisaris memonitor dan meminta laporan                                   SIG Holding, the Board of Commissioners monitored and
   perkembangan berkala setiap triwulan.                                           requested regular progress reports every quarter.


7. Manajemen Risiko dan GCG                                                  7. Risk Management and GCG
   Dewan Komisaris memberi pengawasan dan meminta                                  The Board of Commissioners provided supervision and
   update berkala terkait implementasi manajemen risiko                            requested regular updates regarding the implementation
   dan GCG di lingkungan Perusahaan.                                               of risk management and GCG within the Company.


Lebih dari itu, melalui hubungan kerja yang telah berlangsung                Moreover, through a working relation that has been running
secara efektif pada 2023, Dewan Komisaris telah memberi                      effectively in 2023, the Board of Commissioners has provided
arahan kepada Direksi terkait fokus strategi Perusahaan                      direction to the Board of Directors regarding the Company's
dalam implementasi core values AKHLAK, penguatan                             strategic focus in implementing AKHLAK core values,
aspek tata kelola, serta efisiensi operasi. Secara spesifik,                 strengthening governance aspects, and operating efficiency.
Dewan Komisaris merekomendasikan Direksi untuk dapat                         Specifically, the Board of Commissioners recommended that
menekankan sosialisasi dan internalisasi core values AKHLAK                  the Board of Directors emphasize the dissemination and
kepada seluruh Insan Semen Baturaja agar dapat secara                        internalization of AKHLAK core values to all Semen Baturaja
sungguh-sungguh menjalankan tiap-tiap value, memperkuat                      personnel so that they can sincerely implement each value,
aspek kepatuhan dalam implementasi tata kelola pada seluruh                  strengthen compliance aspects in the implementation of
lini operasi, serta memperkuat efisiensi pada masing-masing                  governance in all operational lines, as well as strengthen
item biaya yang bersifat mayor.                                              efficiency in each major cost item.




                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Laporan Dewan Komisaris
Board of Commissioners Report



HUBUNGAN KERJA DENGAN DIREKSI DAN                                            WORKING RELATIONS WITH THE BOARD
MEKANISME PEMBERIAN NASIHAT                                                  OF DIRECTORS AND ADVICE PROVIDING
                                                                             MECHANISMS
Dewan Komisaris memandang, hubungan kerja antara Dewan                       The Board of Commissioners views that the working relations
Komisaris dan Direksi selama tahun 2023 telah berlangsung                    between the Board of Commissioners and the Board of
secara efektif. Melalui sejumlah mekanisme yang ada, Dewan                   Directors throughout 2023 has been effective. Through a
Komisaris dan Direksi telah melakukan koordinasi serta                       number of existing mechanisms, the Board of Commissioners
berkomunikasi intensif dalam rangka membahas hal-hal                         and Board of Directors have coordinated and communicated
penting terkait pengelolaan Perusahaan. Hubungan kerja                       intensively in order to discuss important matters related to the
antara Dewan Komisaris dan Direksi telah berlangsung                         management of the Company. The working relations between
melalui mekanisme yang ada, berupa rapat gabungan                            the Board of Commissioners and the Board of Directors has
antara Dewan Komisaris dan Direksi serta kunjungan kerja                     taken place through existing mechanisms, in the form of
Dewan Komisaris ke lokasi-lokasi pabrik Semen Baturaja.                      joint meetings between the Board of Commissioners and
Lebih dari itu, hubungan kerja antara Dewan Komisaris dan                    the Board of Directors as well as working visits by the Board
Direksi terlaksana melalui rapat kerja komite-komite Dewan                   of Commissioners to the Baturaja Semen plant locations.
Komisaris dengan masing-masing Vice President (VP).                          Moreover, the working relations between the Board of
                                                                             Commissioners and the Board of Directors was implemented
                                                                             through working meetings of the Board of Commissioners
                                                                             committees with each Vice President (VP).


Rapat gabungan antara Dewan Komisaris dan Direksi                            Joint meetings between the Board of Commissioners and the
diselenggarakan dengan frekuensi minimal 1 (satu) bulan                      Board of Directors have been held of at least once a month,
sekali, dengan total penyelenggaraan pada 2023 sejumlah                      with a total of 15 (fifteen) meetings held in 2023. Meanwhile,
15 (lima belas) kali rapat. Adapun, kunjungan kerja Dewan                    working visits by the Board of Commissioners have been
Komisaris telah dilakukan pada sejumlah lokasi pabrik Semen                  carried out at a number of Baturaja Semen plant locations
Baturaja dengan kunjungan pada 2023 adalah sejumlah                          with 3 (three) visit agendas in 2023.
3 (tiga) agenda kunjungan.


PROSPEK USAHA DAN TANTANGAN KE DEPAN                                         BUSINESS PROSPECTS AND FUTURE
                                                                             CHALLENGES
Sejalan dengan pertumbuhan industri konstruksi, pasar                        In line with the growth of the construction industry, the
semen domestik diperkirakan akan menghadirkan peluang                        domestic cement market is expected to present good
yang baik bagi Perusahaan untuk melanjutkan pengembangan                     opportunities for the Company to continue business
usaha pada 2024. Perekonomian Indonesia diperkirakan                         development in 2024. The Indonesian economy is estimated
tumbuh pada kisaran 4,7-5,5% pada 2024, mengacu pada                         to grow in the range of 4.7-5.5% in 2024, referring to Bank
proyeksi Bank Indonesia pada Desember 2023. Di samping                       Indonesia's projections in December 2023. In addition,
itu, sektor properti ritel juga diperkirakan akan menghadapi                 the retail property sector is also expected to face a similar
situasi positif yang serupa, sebagai faktor yang dapat                       positive situation as a factor that may encourage the growth
mendorong pertumbuhan pasar semen kantong pada 2024.                         of the bagged cement market in 2024.




52        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                        Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis      Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                                                         Laporan Dewan Komisaris
                                                                                                   Board of Commissioners Report



Prospek industri semen Indonesia akan ditopang oleh                                 The prospects for the Indonesian cement industry will be
kelanjutan      penyelesaian           proyek-proyek         infrastruktur          supported by the continued completion of government
pemerintah serta pembangunan Ibu Kota Nusantara (IKN).                              infrastructure projects and the development of the
Sampai dengan awal 2024, SIG telah berkontribusi pada                               Indonesian Capital City (IKN). Until early 2024, SIG has
proyek-proyek infrastruktur serta pembangunan IKN, dengan                           contributed to infrastructure projects and IKN development,
realisasi mencapai 400 ribu ton bahan bangunan pada rentang                         with the realization reaching 400 thousand tons of building
Desember 2022 hingga Februari 2024, dengan memasok                                  materials in the period from December 2022 to February
3.000-4.000 ton per hari. Dalam konteks tersebut, didukung                          2024, by supplying 3,000-4,000 tons per day. In this context,
keunggulan operasi dan produk yang dimiliki, Semen Baturaja                         supported by the superiority of its operations and products,
bersama SIG diyakini mampu melanjutkan kontribusi positif                           Semen Baturaja and SIG are believed to be able to continue
dalam rangka mendukung percepatan penyelesaian proyek-                              their positive contribution in supporting the accelerated
proyek infrastruktur.                                                               completion of infrastructure projects.


Dewan Komisaris menilai, Semen Baturaja telah lebih siap                            The Board of Commissioners assesses that Semen Baturaja
menghadapi tantangan bisnis pada 2024, pasca-proses                                 is better prepared to face business challenges in 2024, after
integrasi ke dalam SIG. Sejalan dengan penyesuaian sejumlah                         the integration process into SIG. In line with adjustments to a
aspek ke dalam strategi dan kebijakan strategis Holding,                            number of aspects into the Holding's strategy and strategic
Perusahaan bersama jajaran manajemen memiliki semangat                              policies, the Company together with the management have
dan optimisme yang kuat untuk mewujudkan sasaran kinerja,                           strong enthusiasm and optimism to realize performance
baik sasaran jangka pendek maupun jangka panjang, demi                              targets, both short-term and long-term targets, for the
pengembangan dan kemajuan usaha SMBR.                                               development and progress of SMBR's business.


PENGAWASAN ATAS PENERAPAN TATA KELOLA                                               SUPERVISION OF THE IMPLEMENTATION OF
PERUSAHAAN                                                                          CORPORATE GOVERNANCE
Tahun 2023 telah menjadi momentum penting bagi                                      The year 2023 has become an important momentum for the
Perusahaan menyusul proses integrasi Semen Baturaja ke                              Company following the integration process of Semen Baturaja
dalam SIG. Dewan Komisaris memahami bahwa di tengah                                 into SIG. The Board of Commissioners understands that in
upaya bersama dalam menciptakan value bagi segenap                                  the midst of joint efforts to create value for all stakeholders,
pemangku kepentingan, penguatan implementasi GCG                                    strengthening GCG implementation is a determining
menjadi aspek fundamental yang menentukan. Implementasi                             fundamental aspect. Implementing GCG in accordance with
GCG sesuai best practices membuat integrasi tidak hanya                             best practices makes integration not only results-oriented,
berorientasi pada hasil, tetapi juga memberi penekanan pada                         but also places emphasis on the process by always paying
proses dengan senantiasa memperhatikan kesesuaiannya                                attention to its conformity with ethical values and applicable
terhadap nilai etika serta peraturan perundang-undangan                             laws and regulations.
yang berlaku.


Melalui penerapan prinsip-prinsip GCG yaitu Transparansi,                           Through the implementation of GCG principles, namely
Akuntabilitas,    Tanggung           Jawab,          Kemandirian,     serta         Transparency, Accountability, Responsibility, Independence,
Kewajaran di dalam tiap-tiap lini operasi, Perusahaan akan                          and Fairness in each line of operation, the Company will be able
mampu mendorong pengelolaan agar keputusan manajemen                                to encourage management so that management decisions
serta implementasi atas keputusan tersebut senantiasa                               and the implementation of these decisions are always based
dilandasi nilai etika yang tinggi serta kepatuhan terhadap                          on high ethical values and compliance with applicable laws
peraturan perundang-undangan yang berlaku. Akhirnya,                                and regulations. Ultimately, the implementation of GCG




                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                           53
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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Laporan Dewan Komisaris
Board of Commissioners Report



penerapan GCG akan mendorong pengelolaan Perusahaan                          will encourage Company management to be carried out
terlaksana secara profesional, transparan, dan efisien sebagai               professionally, transparently, and efficiently as a Company
value Perusahaan bagi segenap pemangku kepentingan.                          value for all stakeholders.


Dewan Komisaris telah menerapkan praktik pemantauan                          The Board of Commissioners has implemented monitoring
dan penyampaian nasihat bagi Direksi mencakup terhadap                       practices and provided advice to the Board of Directors
implementasi GCG Perusahaan. Sebagai organ pengawas di                       covering the implementation of the Company's GCG. As a
dalam struktur tata kelola Perusahaan, Dewan Komisaris telah                 supervisory organ in the Company's governance structure, the
memastikan keputusan yang diambil manajemen dilakukan                        Board of Commissioners has ensured that decisions taken by
melalui mekanisme checks and balances untuk menjaga                          management are carried out through a checks and balances
pengelolaan Perusahaan tetap terlaksana secara sehat                         mechanism to ensure that the Company's management
dan akuntabel. Dewan Komisaris juga terus memastikan                         continues to be carried out in a healthy and accountable
implementasi GCG dapat dilakukan sejalan dengan proses                       manner. The Board of Commissioners also continues to
evaluasi dan penyempurnaan berkesinambungan, sebagai                         ensure that GCG implementation can be carried out in line
komitmen jangka panjang dalam menghadirkan nilai tambah                      with a continuous evaluation and improvement process, as a
positif aktivitas operasi Perusahaan.                                        long-term commitment to providing positive added value to
                                                                             the Company's operational activities.


Berdasarkan praktik pengawasan tersebut, Dewan Komisaris                     Based on these supervisory practices, the Board of
menilai bahwa implementasi GCG pada seluruh lini operasi                     Commissioners assesses that the implementation of GCG in
Perusahaan telah terlaksana secara baik pada 2023. Hal                       all lines of the Company's operations has been carried out
tersebut tercermin melalui kelengkapan organ di dalam                        properly in 2023. This is reflected in the completeness of
struktur tata kelola serta kecukupan peraturan internal                      the organs in the governance structure and the adequacy
sebagai soft-structure implementasi GCG. Dewan Komisaris                     of internal regulations as a soft-structure for GCG
memandang Direksi dengan didukung jajaran terkait telah                      implementation. The Board of Commissioners views that the
menerapkan peninjauan berkala terhadap soft-structure                        Board of Directors, supported by related staff, has carried out
implementasi GCG guna memastikan peraturan internal yang                     periodic reviews of the GCG implementation soft-structure to
berlaku tetap sesuai dengan perkembangan internal dan                        ensure that the applicable internal regulations remain in line
eksternal Perusahaan.                                                        with the Company's internal and external developments.


Dewan Komisaris mengapresiasi upaya Direksi dalam                            The Board of Commissioners appreciates the Board of
memutakhirkan sejumlah peraturan dan prosedur internal,                      Directors efforts in updating a number of internal regulations
sejalan dengan kebijakan baru pemegang saham, baik                           and procedures in line with new shareholder policies, both
Pemegang Saham Seri A maupun Pemegang Saham Seri B.                          Series A Shareholders and Series B Shareholders. These
Upaya tersebut antara lain terlihat melalui pengesahan dan                   efforts can be seen through the validation and implementation
pemberlakuan Pedoman dan Tata Tertib Kerja Direksi No.                       of Board of Directors Manual No. M/SMBR/GRC/002 dated
M/SMBR/GRC/002 tanggal 31 Oktober 2023 serta Prosedur                        October 31, 2023 and Whistleblowing System No.P/SMBR/
Pelaporan Pelanggaran (Whistleblowing System) No. P/SMBR/                    GRC/001 dated November 30, 2023.
GRC/001 tanggal 30 November 2023.


Dengan didukung keberadaan komite, Dewan Komisaris                           Supported by the existence of committees, the Board
melakukan pengawasan berkala terhadap mekanisme                              of Commissioners carries out regular supervision of its
yang dimiliki, mencakup terhadap Whistleblowing System,                      mechanisms, including the Whistleblowing System, anti-
pelaporan anti penyuapan, hingga keseluruhan sistem                          bribery reporting, and the entire management system
manajemen Semen Baturaja. Secara berkala, Dewan                              of Semen Baturaja. The Board of Commissioners has




54        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                    Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis       Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                                                      Laporan Dewan Komisaris
                                                                                                Board of Commissioners Report



Komisaris juga telah menyampaikan arahan serta penekanan                         also periodically provided direction and emphasis on the
terhadap     pentingnya     pemenuhan               aspek   kepatuhan            importance of fulfilling the Company's compliance aspects in
Perusahaan di semua lini manajemen.                                              all lines of management.


Pencapaian implementasi GCG Perusahaan sampai dengan                             The Company's GCG implementation achievements by the
akhir 2023 tercermin melalui pemerolehan penghargaan dari                        end of 2023 are reflected in the obtainment of awards
sejumlah pihak eksternal, yaitu The Best GRC For Corporate                       from a number of external parties, namely The Best GRC
Operation 2023 serta The Best GRC Millenial Leader 2023 pada                     For Corporate Operation 2023 and The Best GRC Millennial
ajang GRC (Governance, Risk & Compliance) & Performance                          Leader 2023 at the GRC (Governance, Risk & Compliance)
Excellence Award 2023 yang diselenggarakan oleh Majalah                          & Performance Excellence Award 2023 event organized by
Business News Indonesia.                                                         Indonesian Business News Magazine.


CAPAIAN KINERJA DEWAN KOMISARIS DALAM                                            PERFORMANCE ACHIEVEMENTS OF THE BOARD
FUNGSI PENGAWASAN PADA PENERAPAN GCG                                             OF COMMISSIONERS IN THE SUPERVISORY
DI LINGKUP PERUSAHAAN                                                            FUNCTION OF GCG IMPLEMENTATION IN THE
                                                                                 COMPANY
Dewan Komisaris terus memperkuat komitmen untuk                                  The Board of Commissioners continues to strengthen
menjadikan prinsip-prinsip GCG dapat diinternalisasi secara                      its commitment to ensure that GCG principles can be
menyeluruh dan berperan sebagai budaya korporasi yang                            internalized as a whole and act as a corporate culture
diterapkan di lingkungan Perusahaan. Hal ini antara lain                         implemented within the Company. This is reflected in the
tercermin melalui capaian kinerja Dewan Komisaris dalam                          performance achievements of the Board of Commissioners
fungsi pengawasan terhadap implementasi GCG Perusahaan,                          in the supervisory function of the Company's GCG
yang dievaluasi secara berkala sebagai salah satu aspek                          implementation, which is evaluated periodically as one
penilaian di dalam assessment GCG Perusahaan. Kinerja                            aspect of the assessment in the Company's GCG assessment.
Dewan Komisaris di dalam assessment GCG tahun 2023                               The performance of the Board of Commissioners in the 2023
berdasarkan parameter ACGS tercermin melalui pencapaian                          GCG assessment based on ACGS parameters is reflected
sejumlah indikator berikut:                                                      through the achievement of the following indicators:
1. Indikator Tugas dan Tanggung Jawab Direksi dan Dewan                          1. Duties and Responsibilities of the Board of Directors
   Komisaris, dengan capaian 100%;                                                     and Board of Commissioners Indicators, with 100%
                                                                                       achievement;
2. Indikator Struktur Dewan Komisaris, dengan capaian                            2. Board of Commissioners Structure Indicator, with
   87,50%;                                                                             achievement of 87.50%;
3. Indikator Proses Dewan Komisaris, dengan capaian                              3. Board of Commissioners Process Indicators, with an
   86,36%;                                                                             achievement of 86.36%;
4. Indikator Individu dalam Susunan Dewan Komisaris,                             4. Individual indicators in the composition of the Board of
   dengan capaian 66,67%;                                                              Commissioners, with an achievement of 66.67%;
5. Indikator Kinerja Dewan Komisaris, dengan capaian                             5. Performance Indicators for the Board of Commissioners,
   85,71%;                                                                             with an achievement of 85.71%;


PANDANGAN DEWAN KOMISARIS TERHADAP                                               THE BOARD OF COMMISSIONERS' VIEWS ON THE
EFEKTIVITAS SISTEM PENGENDALIAN                                                  EFFECTIVENESS OF THE INTERNAL CONTROL
INTERNAL                                                                         SYSTEM
Dewan Komisaris memandang Sistem Pengendalian Internal                           The Board of Commissioners viewed that the Company's
Perusahaan pada 2023 telah diterapkan secara baik, dengan                        Internal Control System in 2023 has been implemented
Direksi telah berperan secara efektif serta bertanggung jawab                    appropriately, with the Board of Directors having played an




                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 58
                           Ikhtisar Kinerja               Laporan Manajemen   Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                           Performance Highlights         Management Report   Company Profile           Overview on Business Supports




    Laporan Dewan Komisaris
    Board of Commissioners Report




                                              1. ALEX ISKANDAR MUNAF                                                            2. HADI DARYANTO
                                                    Komisaris Utama/ Komisaris Independen                                            Komisaris

4    1                                              President Commissioner/ Independent Commissioner                                 Commissioner
         2 3                                  3. CHOWADJA SANOVA                                  4. INOSENTIUS SAMSUL
                                                    Komisaris Independen                            Komisaris Independen
                                                    Independent Commissioner                        Independent Commissioner



    56   PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                                                   Laporan Dewan Komisaris
                                                                                             Board of Commissioners Report



penuh atas proses penyusunan dan implementasi Sistem                          effective role and taking full responsibility for the process
Pengendalian Internal Perusahaan. Selama 2023, Sistem                         of preparing and implementing the Company's Internal
Pengendalian Internal telah diterapkan sebagai mekanisme                      Control System. In 2023, an Internal Control System has
dalam memastikan kualitas pelaporan keuangan serta                            been implemented as a mechanism to ensure the quality
praktik operasional agar tetap akuntabel. Selain itu, Sistem                  of financial reporting and operational practices to remain
Pengendalian Internal Perusahaan juga telah diterapkan                        accountable. Moreover, the Company's Internal Control
secara efektif guna memastikan aspek kepatuhan Semen                          System has also been implemented effectively to ensure
Baturaja terhadap seluruh peraturan perundang-undangan                        aspects of Semen Baturaja's compliance with all applicable
yang berlaku.                                                                 laws and regulations.


Kualitas penerapan Sistem Pengendalian Internal tercermin                     The quality of the implementation of the Internal Control
melalui evaluasi yang dilakukan pada 2023, yang secara                        System is reflected in the evaluation carried out in 2023,
umum menunjukkan bahwa Sistem Pengendalian Internal                           which generally shows that the SMBR Internal Control System
SMBR telah dijalankan secara efektif.                                         has been implemented effectively.


PANDANGAN DEWAN KOMISARIS ATAS                                                VIEWS OF THE BOARD OF COMMISSIONERS
PENERAPAN SISTEM MANAJEMEN RISIKO                                             ON THE IMPLEMENTATION OF THE RISK
                                                                              MANAGEMENT SYSTEM
Selama 2023, Dewan Komisaris telah melaksanakan praktik                       Throughout 2023, the Board of Commissioners has carried
pengawasan terhadap sistem dan implementasi manajemen                         out supervisory practices over Semen Baturaja's risk
risiko Semen Baturaja, sesuai ketentuan yang berlaku.                         management system and implementation in accordance with
Pengawasan dilakukan terhadap laporan profil risiko korporat                  applicable regulations. Supervision was carried out on the
Perusahaan, dengan 9 (sembilan) risiko utama Perusahaan                       Company's corporate risk profile report, with the Company's
disajikan berkala setiap bulan. Mekanisme ini telah menjadi                   9 (nine) main risks presented periodically every month. This
monitoring tools yang efektif bagi Dewan Komisaris dan                        mechanism has become an effective monitoring tool for
Komite Dewan Komisaris. Dengan didukung Komite Audit                          the Board of Commissioners and Board of Commissioners
dan Komite Manajemen Risiko, Dewan Komisaris telah                            Committees. Supported by the Audit Committee and Risk
melakukan pengawasan secara langsung terhadap praktik                         Management Committee, the Board of Commissioners has
yang berlaku di area operasi Perusahaan, untuk melakukan                      carried out direct supervision of applicable practices in the
koordinasi verifikasi, dan validasi data terkait manajemen                    Company's operational areas, to coordinate verification and
risiko Perusahaan.                                                            validation of data related to the Company risk management.


Berdasarkan praktik pengawasan tersebut, Dewan Komisaris                      Based on these supervisory practices, the Board of
memandang Direksi dengan didukung jajaran terkait telah                       Commissioners viewed that the Board of Directors,
menerapkan sistem manajemen risiko secara efektif.                            supported by related staff, has implemented an effective
Hal tersebut antara lain tercermin melalui implementasi                       risk management system. This is reflected, among other
manajemen risiko yang berlangsung secara komprehensif,                        things, through the implementation of comprehensive risk
didukung perangkat sistem yang semakin matang. Dewan                          management, supported by increasingly developed system
Komisaris menilai pengelola risiko Perusahaan telah                           tools. The Board of Commissioners assessed that the
melaksanakan langkah-langkah mitigasi untuk risiko kinerja                    Company's risk management has implemented mitigation
dan risiko tingkat kesehatan keuangan, terutama melalui                       steps for performance risks and financial health risks,
upaya efisiensi, peluasan pemasaran, penagihan piutang                        especially through efficiency efforts, expanding marketing,
macet, hingga program keselamatan kerja.                                      collecting bad debts, and work safety programs.




                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan          Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile            Overview on Business Supports




Laporan Dewan Komisaris
Board of Commissioners Report



Kualitas sistem dan implementasi manajemen risiko terlihat                   The    quality         of   the    risk       management          system    and
melalui proses evaluasi yang dilakukan secara periodik,                      implementation can be seen through the 2023 Risk Maturity
melalui penilaian Risk Maturity Index tahun 2023 mengacu                     Index assessment referring to the 2022 fiscal year score of
pada skor tahun buku 2022 yang sebesar 4,22 dengan predikat                  4.22 with Transformed (Mature) predicate. These score results
Transformed (Matang). Hasil skor tersebut mencerminkan                       reflect the condition of the Company which has recognized
kondisi Perusahaan yang telah mengenali budaya sadar                         a risk awareness culture and has implemented substantial
risiko serta telah melaksanakan langkah-langkah substansial                  mitigation steps for performance risks and financial health
mitigasi untuk risiko kinerja dan tingkat kesehatan keuangan                 levels, primarily through efficiency, marketing expansion,
utamanya melalui efisiensi, perluasan pemasaran, penagihan                   collection of bad debts, and consistency in work safety
piutang macet, serta konsistensi dalam program keselamatan                   programs.
kerja.


PANDANGAN DEWAN KOMISARIS ATAS                                               THE BOARD OF COMMISSIONERS' VIEWS ON THE
PENERAPAN WHISTLEBLOWING SYSTEM (WBS)                                        IMPLEMENTATION OF THE WHISTLEBLOWING
DAN PERAN DEWAN KOMISARIS DALAM WBS                                          SYSTEM (WBS) AND THE ROLE OF THE BOARD
                                                                             OF COMMISSIONERS IN THE WBS
Dewan Komisaris telah melaksanakan pengawasan terhadap                       The    Board           of   Commissioners               has    supervised   the
implementasi WBS di dalam tata kelola perusahaan,                            implementation of WBS in corporate governance, through
melalui adanya laporan berkala setiap bulan. Dewan                           periodic reports every month. The Board of Commissioners
Komisaris telah memastikan bahwa pihak pengelola                             has ensured that the management has implemented the WBS
telah mengimplementasikan WBS secara baik, dengan                            properly, with guaranteed protection for whistleblowers and
jaminan perlindungan bagi pihak pelapor serta penanganan                     credible handling of complaints in accordance with applicable
pengaduan yang kredibel sesuai prosedur yang berlaku.                        procedures. Through the practice of monitoring and providing
Melalui praktik pengawasan dan pemberian nasihat, Dewan                      advice, the Board of Commissioners has also ensured that the
Komisaris juga telah memastikan implementasi WBS SMBR                        implementation of the SMBR WBS is supported by adequate
telah didukung prosedur dan perangkat aturan yang memadai,                   procedures and rules, as well as the existence of a WBS
serta didukung keberadaan kanal WBS yang dapat diakses                       channel that can be accessed easily and widely by employees
secara mudah dan luas oleh karyawan maupun pemangku                          and stakeholders to be able to report suspected violations
kepentingan untuk dapat melaporkan dugaan pelanggaran di                     within the Semen Baturaja environment.
lingkungan Semen Baturaja.


Sampai dengan akhir 2023, Corporate Secretary dan Internal                   As of the end of 2023, the Corporate Secretary and Internal
Audit sebagai pengelola telah mengimplementasikan WBS                        Audit as managers have implemented the SMBR WBS properly
SMBR secara baik dan efektif. Dewan Komisaris memandang,                     and effectively. The Board of Commissioners views that the
pengelola WBS telah menerapkan upaya yang diperlukan                         WBS management has implemented the necessary efforts to
guna meningkatkan efektivitas implementasi WBS SMBR,                         increase the effectiveness of the SMBR WBS implementation,
antara lain melalui sosialisasi yang dilakukan baik kepada                   including through dissemination carried out to both internal
pihak internal ataupun eksternal Perusahaan. Dampak positif                  and external parties of the Company. The positive impact of
atas berlangsungnya proses tersebut antara lain berupa                       the ongoing process includes a fairly high level of awareness
tingkat kesadaran karyawan dan pemangku kepentingan yang                     among employees and stakeholders regarding the existence
cukup tinggi akan keberadaan fasilitas WBS Perusahaan,                       of the Company's WBS facilities, as shown by reports coming
ditunjukkan oleh adanya laporan yang masuk melalui kanal                     in via the WBS channel.
WBS.




58        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                      Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis        Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                                                         Laporan Dewan Komisaris
                                                                                                   Board of Commissioners Report



Dewan Komisaris secara khusus mengapresiasi pemutakhiran                            The Board of Commissioners specifically appreciates the
terhadap    prosedur      WBS         SMBR          melalui    penetapan            update to SMBR's WBS procedures through the establishment
dan    pemberlakuan       Prosedur           Pelaporan        Pelanggaran           and implementation of Whistleblowing System No. P/
(Whistleblowing System) No. P/SMBR/GRC/001 tanggal                                  SMBR/GRC/001 dated November 30, 2023. This also shows
30 November 2023. Hal ini sekaligus menunjukkan upaya                               the efforts of the Board of Directors and management in
Direksi beserta jajaran manajemen dalam memastikan                                  ensuring that SMBR's WBS procedures and tools remain in
prosedur dan perangkat WBS SMBR tetap sesuai dengan                                 line with the dynamics of the Company's internal and external
dinamika perkembangan internal dan eksternal Perusahaan.                            developments.


Sebagai upaya untuk terus meningkatkan kualitas penerapan                           In an effort to continuously improve the quality of WBS
WBS di masa mendatang, Dewan Komisaris mendorong                                    implementation in the future, the Board of Commissioners
Direksi beserta jajaran terkait untuk dapat mengembangkan                           encourages the Board of Directors and related staff to
pengelolaan WBS SMBR melalui pengelolaan oleh pihak ketiga                          develop SMBR WBS management through management
independen. Melalui sistem yang dikelola secara independen                          by an independent third party. Through this independently
tersebut, Dewan Komisaris meyakini bahwa WBS SMBR akan                              managed system, the Board of Commissioners believes that
dapat disempurnakan kualitasnya agar menghasilkan proses                            the quality of the SMBR WBS will be improved to produce a
yang profesional dan akuntabel, sesuai standar praktik                              professional and accountable process in accordance with
terbaik yang ada.                                                                   existing best practice standards.


EVALUASI KINERJA KOMITE DI BAWAH DEWAN                                              EVALUATION OF THE PERFORMANCE
KOMISARIS                                                                           OF COMMITTEES UNDER THE BOARD OF
                                                                                    COMMISSIONERS
Secara periodik, Dewan Komisaris menerapkan penilaian                               The Board of Commissioners periodically assesses the
terhadap kinerja Komite Audit dan Komite Manajemen                                  performance of the Audit Committee and Risk Management
Risiko, dengan menggunakan sejumlah indikator antara                                Committee using a number of indicators, including the level of
lain berupa tingkat kehadiran dalam rapat komite, tingkat                           attendance at committee meetings, the level of attendance at
kehadiran dalam rapat internal Dewan Komisaris, frekuensi                           internal meetings of the Board of Commissioners, frequency
penyampaian kontribusi tertulis, akurasi rekomendasi                                of submission of written contributions, accuracy of written
tertulis, akurasi rekomendasi lisan, hingga peran aktif                             recommendations, accuracy of oral recommendations,
(inisiatif) yang diberikan pada periode tahun penilaian. Selain                     to the active role (initiative) given during the assessment
itu, penilaian juga dilakukan dengan mempertimbangkan                               year period. Moreover, the assessment is also carried out
realisasi dan penyelesaian program kerja yang tercantum                             by considering the realization and completion of the work
dalam rencana kerja, yang dilaporkan kepada Dewan                                   program stated in the work plan, which is reported to the
Komisaris dalam laporan komite.                                                     Board of Commissioners in the committee report.


Atas   indikator-indikator         tersebut,          Dewan     Komisaris           Based on these indicators, the Board of Commissioners
menyimpulkan bahwa Komite Audit, Komite Nominasi dan                                concluded that the Audit Committee, Nomination and
Remunerasi dan Komite Manajemen Risiko telah memberikan                             Remuneration Committee and Risk Management Committee
kinerja yang baik. Dewan Komisaris menilai masing-masing                            had provided good performance. The Board of Commissioners
komite telah memberikan dukungan yang diperlukan guna                               assesses that each committee has provided the necessary
memperkuat fungsi pengawasan dan pemberian nasihat                                  support to strengthen the supervisory and advisory function
Dewan Komisaris pada tahun 2023. Hal tersebut antara                                of the Board of Commissioners in 2023. This was realized
lain terwujud melalui peninjauan terhadap data-data dan                             through regular reviews of data and information but also
informasi secara berkala tetapi juga melalui kunjungan kerja                        through site visits to directly monitor current conditions and




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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Laporan Dewan Komisaris
Board of Commissioners Report



(site visit) untuk memonitor secara langsung kondisi terkini                 then report them to the Board of Commissioners. In addition,
untuk kemudian melaporkannya kepada Dewan Komisaris.                         as the main indicator of assessment, each committee has
Selain itu, sebagai indikator utama penilaian, masing-masing                 properly realized the tasks outlined in the 2023 work plan.
komite telah secara baik merealisasikan tugas yang disusun
di dalam rencana kerja tahun 2023.


Uraian lebih lanjut terkait penilaian kinerja masing-masing                  Further description regarding the performance assessment
komite untuk periode tahun 2023 adalah sebagai berikut:                      of each committee for the 2023 period is as follows:


PENILAIAN KINERJA KOMITE AUDIT                                               AUDIT COMMITTEE PERFORMANCE ASSESSMENT
Dewan Komisaris menilai Komite Audit telah menjalankan                       The Board of Commissioners assessed that the Audit
tugas dan tanggung jawab dengan baik sesuai Rencana Kerja                    Committee has carried out its duties and responsibilities
Komite Audit, dengan rencana kerja dan pelaksanaan yang                      well in accordance with the Audit Committee Work Plan, with
masing-masing telah dilaporkan kepada Dewan Komisaris.                       each work plan and implementation having been reported
Komite Audit telah melaksanakan tugas komite secara baik                     to the Board of Commissioners. The Audit Committee has
pada 2023, mencakup tugas bidang audit, kecukupan proses                     carried out its committee duties properly in 2023, including
pengendalian internal, dan penyusunan laporan keuangan.                      audit duties, adequacy of internal control processes, and
                                                                             preparation of financial reports.


Komite Audit telah menyelenggarakan rapat setiap bulan                       The Audit Committee has held meetings every month including
mencakup rapat dengan Dewan Komisaris, rapat dengan                          meetings with the Board of Commissioners, meetings with
BOD-1, dan rapat koordinasi dengan Departement of Internal                   BOD-1, and coordination meetings with the Department
Audit dengan jumlah keseluruhan mencapai 21 (dua puluh                       of Internal Audit with a total of 21 (twenty one) meetings in
satu) kali rapat pada 2023, yang telah memenuhi ketentuan                    2023, which has fulfilled the provisions for meetings in Audit
penyelenggaraan rapat di dalam Piagam Komite Audit.                          Committee Charter. Through these meetings, the Audit
Melalui penyelenggaraan rapat-rapat tersebut, Komite Audit                   Committee has formulated and submitted recommendations
telah merumuskan serta menyampaikan rekomendasi-                             needed to support the supervisory function of the Board of
rekomendasi yang diperlukan sebagai dukungan bagi fungsi                     Commissioners.
pengawasan Dewan Komisaris.


PENILAIAN KINERJA KOMITE MANAJEMEN RISIKO                                    RISK MANAGEMENT COMMITTEE PERFORMANCE
                                                                             ASSESSMENT
Dewan Komisaris menilai Komite Manajemen Risiko telah                        The Board of Commissioners assessed that the Risk
menjalankan tugas dan tanggung jawab dengan baik sesuai                      Management Committee has carried out its duties and
Rencana Kerja Komite, dengan rencana kerja dan pelaksanaan                   responsibilities effectively in accordance with the Committee's
yang masing-masing telah dilaporkan kepada Dewan                             Work Plan, with each work plan and implementation having
Komisaris. Komite Manajemen Risiko telah melaksanakan                        been reported to the Board of Commissioners. The Risk
tugas komite secara baik pada 2023, tercermin melalui                        Management Committee has carried out its committee
pelaksanaan tugas bidang manajemen risiko, antara lain                       duties properly in 2023 as reflected in the implementation of
terkait pengkajian kebijakan manajemen risiko, monitoring                    its duties in the field of risk management, including reviewing
risiko utama korporat, hingga pengawasan manajemen risiko                    risk management policies, monitoring key corporate risks,
dalam penyusunan RKAP dan RJPP.                                              and supervising risk management in the preparation of RKAP
                                                                             and RJPP.




60        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                    Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                                                  Laporan Dewan Komisaris
                                                                                            Board of Commissioners Report



Komite Manajemen Risiko telah menyelenggarakan rapat                         The Risk Management Committee held 5 (five) regular
berkala sejumlah 5 (lima) kali pada 2023, yang telah memenuhi                meetings in 2023, which has fulfilled the provisions for
ketentuan penyelenggaraan rapat di dalam Piagam Komite                       holding meetings in the Risk Management Committee
Manajemen Risiko. Melalui penyelenggaraan rapat-rapat                        Charter. Through these meetings, the Risk Management
tersebut, Komite Manajemen Risiko telah merumuskan serta                     Committee has formulated and submitted the necessary
menyampaikan rekomendasi-rekomendasi yang diperlukan                         recommendations as support for the supervisory function of
sebagai dukungan bagi fungsi pengawasan Dewan Komisaris.                     the Board of Commissioners.


PENILAIAN KINERJA KOMITE NOMINASI DAN REMUNERASI                             PERFORMANCE ASSESSMENT OF THE NOMINATION AND
                                                                             REMUNERATION COMMITTEE
Pada 2023, Dewan Komisaris menilai Komite Nominasi dan                       The Board of Commissioners assessed that the Nomination
Remunerasi telah menjalankan tugas dan tanggung jawab                        and Remuneration Committee had carried out its duties
dengan baik sesuai Rencana Kerja Komite Nominasi dan                         and responsibilities appropriately in 2023, in accordance
Remunerasi, dengan rencana dan pelaksanaan kerja telah                       with the Nomination and Remuneration Committee Work
dilaporkan kepada Dewan Komisaris. Komite Nominasi dan                       Plan, with work plans and implementation having been
Remunerasi telah melaksanakan tugas komite secara baik                       reported to the Board of Commissioners. The Nomination
pada 2023, mencakup monitoring dan evaluasi, serta telah                     and Remuneration Committee has carried out its duties
memberikan rekomendasi terhadap struktur remunerasi dan                      effectively in 2023, including monitoring, evaluating, and
sistem penilaian kinerja di Perusahaan.                                      providing recommendations on the remuneration structure
                                                                             and performance assessment system in the Company.


Komite Nominasi dan Remunerasi telah menyelenggarakan                        The Nomination and Remuneration Committee held 5
rapat dengan jumlah mencapai 5 (lima) kali rapat pada                        (five) periodic meetings in 2023, which adhered to the
2023, yang telah memenuhi ketentuan penyelenggaraan                          provisions for holding meetings in the Committee Charter.
rapat di dalam Piagam Komite. Melalui penyelenggaraan                        Through these meetings, the Nomination and Remuneration
rapat-rapat tersebut, Komite Nominasi dan Remunerasi                         Committee has formulated and submitted the necessary
telah merumuskan serta menyampaikan rekomendasi-                             recommendations to support the supervisory function of the
rekomendasi yang diperlukan sebagai dukungan bagi fungsi                     Board of Commissioners.
pengawasan Dewan Komisaris.


PERUBAHAN KOMPOSISI DEWAN KOMISARIS                                          CHANGES IN THE BOARD OF COMMISSIONERS
                                                                             COMPOSITION
Selama tahun 2023, komposisi anggota Dewan Komisaris                         There were changes in composition of the Board of
Perusahaan mengalami perubahan berdasarkan Keputusan                         Commissioners in 2023 based on the Resolutions of the
RUPS Tahunan maupun RUPS Luar Biasa di tahun 2023.                           Annual GMS and Extraordinary GMS. The chronology of
Kronologis perubahan komposisi dan susunan Dewan                             changes in the composition of the Board of Commissioners
Komisaris per 31 Desember 2023 adalah sebagai berikut:                       as of December 31, 2023 is as follows:




                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja                 Laporan Manajemen           Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights           Management Report           Company Profile      Overview on Business Supports




Laporan Dewan Komisaris
Board of Commissioners Report



Kronologi Perubahan Komposisi Dewan Komisaris pada                                    Chronology of Changes in the Composition of the Board of
2023                                                                                  Commissioners in 2023
                                           Periode 24 Januari – 8                        Periode 8 November - 31
 Periode 1 – 24 Januari 2023 /
                                        November 2023 / January 24 -                  Desember 2023 / November 8 -                Keterangan / Description
      January 1-24, 2023
                                             November 8, 2023                              December 31, 2023
    Franciscus M.A Sibarani                 Franciscus M.A Sibarani                                       -                      Tidak lagi menjabat dalam
 - Komisaris Utama / President           - Komisaris Utama / President                                                        jajaran Dewan Komisaris sejak
        Commissioner                            Commissioner                                                                   8 November 2023 / No longer
                                                                                                                             serving since November 8, 2023
   Oke Nurwan - Komisaris /                               -                                               -                     Tidak lagi menjabat dalam
        Commissioner                                                                                                        jajaran Dewan Komisaris sejak 24
                                                                                                                             Januari 2023 / No longer serving
                                                                                                                                  since January 24, 2023
 Darusman Mawardi - Komisaris                             -                                               -                     Tidak lagi menjabat dalam
   Independen / Independent                                                                                                 jajaran Dewan Komisaris sejak 24
        Commissioner                                                                                                         Januari 2023 / No longer serving
                                                                                                                                  since January 24, 2023
                                           Hadi Daryanto - Komisaris /                  Hadi Daryanto - Komisaris /          Menjabat dalam jajaran Dewan
                                                 Commissioner                                 Commissioner                  Komisaris sejak 24 Januari 2023 /
                                                                                                                             Serving since January 24, 2023
 Chowadja Sanova - Komisaris             Chowadja Sanova - Komisaris                   Chowadja Sanova - Komisaris
  Independen / Independent                Independen / Independent                      Independen / Independent
       Commissioner                            Commissioner                                  Commissioner
                                                                                     Alex Iskandar Munaf - Komisaris          Menjabat dalam jajaran Dewan
                                                                                       Utama merangkap Komisaris            Komisaris sejak 8 November 2023
                                                                                         Independen / President             / Serving since November 8, 2023
                                                                                     Commissioner and Independent
                                                                                              Commissioner
                                                                                      Inosentius Samsul - Komisaris /         Menjabat dalam jajaran Dewan
                                                                                              Commissioner                  Komisaris sejak 8 November 2023
                                                                                                                            / Serving since November 8, 2023



Komposisi serta Susunan Dewan Komisaris per 31                                        Composition of the Board of Commissioners as of
Desember 2023                                                                         December 31, 2023
                                                                                  Dasar Pengangkatan / Basis of
     Nama / Name                    Jabatan / Position                                                                      Periode Jabatan / Term of Office
                                                                                          Appointment
                                                                         Keputusan RUPSLB tanggal 8 November
                                                                         2023 yang dinyatakan dalam Akta Notaris
                             Komisaris Utama/Independen                     Aulia Taufani S.H., No. 21 tanggal 8            08 November 2023 - RUPS 2028 /
 Alex Iskandar Munaf           / Independent/President                    November 2023. / EGMS decision dated               November 08, 2023 – 2028 GMS
                                     Commissioner                          November 8, 2023 stated in Notarial               Periode Ke-1 (Satu) / 1st Period
                                                                          Deed of Aulia Taufani S.H., No. 21 dated
                                                                                    November 8, 2023.
                                                                          Keputusan RUPS Tahunan tanggal 27 Mei
                                                                          2021 yang dinyatakan dalam Akta Notaris
                                                                                                                                27 Mei 2021 - RUPS 2026 /
                                Komisaris Independen /                   Fathiah Helmi, No. 24 tanggal 27 Mei 2021 /
  Chowadja Sanova                                                                                                               May 27, 2023 – 2026 GMS
                              Independent Commissioner                   The decision of the Annual GMS dated May
                                                                                                                              Periode Ke-1 (Satu) / 1st Period
                                                                          27, 2021 as stated in the Notarial Deed of
                                                                          Fathiah Helmi, No. 24 dated May 27, 2021
                                                                          Keputusan RUPSLB tanggal 24 Januari
                                                                         2023 yang dinyatakan dalam Akta Notaris
                                                                                                                              24 Januari 2023 - RUPS 2028 /
                                                                         Fathiah Helmi, No. 45 tanggal 01 Februari
     Hadi Daryanto             Komisaris / Commissioner                                                                        January 24, 2023 – 2028 GMS
                                                                           2023 / EGMS decision dated January
                                                                                                                              Periode Ke-1 (Satu) / 1st Period
                                                                         24, 2023 stated in Notarial Deed Fathiah
                                                                          Helmi, No. 45 dated February 01, 2023
                                                                         Keputusan RUPSLB tanggal 8 November
                                                                         2023 yang dinyatakan dalam Akta Notaris
                                                                            Aulia Taufani S.H., No. 21 tanggal 8            08 November 2023 - RUPS 2028 /
  Inosentius Samsul            Komisaris / Commissioner                   November 2023. / EGMS decision dated               November 08, 2023 – 2028 GMS
                                                                           November 8, 2023 stated in Notarial               Periode Ke-1 (Satu) / 1st Period
                                                                          Deed of Aulia Taufani S.H., No. 21 dated
                                                                                    November 8, 2023.




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                     Management Discussion and Analysis          Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                                                          Laporan Dewan Komisaris
                                                                                                    Board of Commissioners Report



Kemudian, tidak terdapat perubahan komposisi anggota                                 There were no changes in the composition of the members
Dewan Komisaris pada rentang 31 Desember 2023 sampai                                 of the Board of Commissioners from December 31, 2023 until
dengan Laporan Tahunan ini ditandatangani.                                           this Annual Report was signed.


PENUTUP                                                                              CLOSING
Sebagai penutup, Dewan Komisaris menyampaikan terima                                 To conclude, the Board of Commissioners would like to
kasih yang mendalam kepada pemegang saham beserta                                    express its deep gratitude to shareholders and stakeholders
pemangku kepentingan, karena atas kepercayaan dan                                    for the trust and support given, thus SMBR was able to
dukungan yang diberikan SMBR mampu meraih kinerja                                    achieve positive performance. The Board of Commissioners
positif. Dewan Komisaris menyampaikan apresiasi kepada                               would also like to express its appreciation to the Board of
Direksi beserta jajaran manajemen atas soliditas dan sinergi                         Directors and management for the solidity and synergy that
yang telah terjalin, sebagai faktor pendorong pencapaian                             has been established, as a driving factor in achieving the
kinerja Perusahaan sampai dengan 2023. Tidak lupa, Dewan                             Company's performance as of 2023. Moreover, the Board of
Komisaris menyampaikan terima kasih dan apresiasi kepada                             Commissioners extends its gratitude and appreciation to all
segenap insan Semen Baturaja, atas kerja keras dan loyalitas                         Semen Baturaja employees for their hard work and loyalty.
yang diberikan sehingga SMBR dapat terus meningkatkan                                hence that SMBR can continue to increase its positive
kontribusi positif di tengah penciptaan value yang dilakukan                         contribution while creating value following the Company's
menyusul proses integrasi Perusahaan ke dalam SIG.                                   integration process into SIG.


Dengan melihat kinerja positif sampai dengan tahun 2023,                             Looking at the positive performance up to 2023, the Board of
Dewan Komisaris optimistis bahwa kerja keras, sinergi, dan                           Commissioners is optimistic that the hard work, synergy, and
loyalitas yang telah terjalin selama ini akan mampu dijaga serta                     loyalty that have existed so far will be able to be maintained
diperkuat pada tahun-tahun mendatang. Dewan Komisaris                                and strengthened in the years to come. The Board of
berkeyakinan, Semen Baturaja akan mampu melanjutkan                                  Commissioners believes that Semen Baturaja will be able to
pengembangan usaha guna mewujudkan visi tumbuh menjadi                               continue business development in order to realize its vision of
green cement based building material company terdepan di                             growing to become the leading green cement-based building
Indonesia.                                                                           material company in Indonesia.




                                                                 Jakarta, 23 April 2024
                                                                Jakarta, April 23, 2024
                                                                PT Semen Baturaja Tbk




                                                               ALEX ISKANDAR MUNAF
                                                             Komisaris Utama/Independen
                                                          Independent/President Commissioner




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
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                       Performance Highlights       Management Report   Company Profile     Overview on Business Supports




Laporan Direksi
Board of Directors Report




        SUHERMAN YAHYA
        Direktur Utama
        President Director




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                    Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis   Good Corporate Governance           Corporate Social and Environmental Responsibility




                                                                                                         Laporan Direksi
                                                                                               Board of Directors Report




     Para Pemegang Saham dan
     Pemangku Kepentingan yang Terhormat,
     Honorable Shareholders and Stakeholders,




Sebelum memulai laporan ini, izinkan kami mengucapkan                        To begin this report, let us express our praise and gratitude
puji dan syukur ke hadirat Tuhan yang Maha Esa, karena atas                  to the presence of the Almighty God, because by His grace
anugerah dan karunia-Nya, PT Semen Baturaja Tbk dapat                        and blessings, PT Semen Baturaja Tbk managed to seize
melalui peluang dan tantangan pada 2023 dengan kinerja yang                  opportunities and tackled challenges in 2023 with positive
positif. Tahun 2023 merupakan momentum bagi Perusahaan                       performance. 2023 was a momentum for the Company to
untuk tumbuh dan bersinergi bersama SIG, sebagai upaya                       grow and synergize with SIG, as an effort to create value
penciptaan value dan berkontribusi di tengah laju percepatan                 and contribute to the accelerating pace of Indonesia's
pembangunan Indonesia. Direksi dengan dukungan jajaran                       development. The Board of Directors, with the support of
manajemen beserta seluruh karyawan Semen Baturaja telah                      management and all employees of Semen Baturaja, has
melaksanakan pengelolaan Perusahaan, dengan memenuhi                         carried out management of the Company by complying
etika usaha, prinsip-prinsip Good Corporate Governance                       with business ethics, Good Corporate Governance (GCG)
(GCG), hingga peraturan perundang-undangan yang berlaku.                     principles, and applicable laws and regulations.


Menghadapi situasi industri yang kompetitif, Direksi telah                   Despite the competitive industrial situation, the Board
memimpin Semen Baturaja dengan menerapkan seluruh                            of Directors has led Semen Baturaja by implementing all
strategi dan kebijakan strategis sesuai sasaran kinerja                      strategic strategies and policies in accordance with the
yang ditetapkan, baik untuk jangka pendek maupun jangka                      performance targets set, both for the short and long term.
panjang. Posisi SMBR sebagai bagian dari SIG telah menjadi                   SMBR's position as part of SIG has become a strength in
kekuatan dalam menghadirkan daya saing dan keunggulan                        providing competitiveness and excellence to contribute
untuk berkontribusi melalui kinerja positif. Hal tersebut                    through positive performance. This is reflected in the increase
tercermin melalui peningkatan profitabilitas Perusahaan,                     in the Company's profitability and its success in decreasing
hingga keberhasilan dalam menurunkan beban melalui                           expenses through the SMBRGO45 efficiency program.
program efisiensi SMBRGO45.


Melalui kesempatan ini, Direksi akan menyampaikan laporan                    On this occasion, the Board of Directors would like to submit
pelaksanaan tugas pengelolaan SMBR untuk tahun buku 2023.                    a report on the implementation of SMBR management duties
Laporan ini terdiri atas pembahasan antara lain mengenai                     for the 2023 fiscal year. This report consists of discussions
strategi dan kebijakan strategis, kinerja Perusahaan,                        regarding, among other things, strategies and strategic
implementasi GCG, hingga prospek usaha Perusahaan di                         policies, Company performance, GCG implementation, and
tahun mendatang. Pembahasan mengenai masing-masing                           the Company's business prospects for the coming year.
hal tersebut adalah sebagai berikut.                                         Discussion of each of these matters is as follows.




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                            Performance Highlights        Management Report      Company Profile     Overview on Business Supports




Laporan Direksi
Board of Directors Report



TINJAUAN EKSTERNAL PERUSAHAAN                                                 COMPANY EXTERNAL OVERVIEW
Situasi perekonomian global pada 2023 ditandai dengan                         The global economic situation in 2023 was marked by the
berakhirnya status Covid-19 sebagai global health emergency,                  end of Covid-19's status as a global health emergency, as well
serta hadirnya hambatan yang antara lain disebabkan                           as the presence of obstacles caused by the continuation of
kelanjutan konflik geopolitik di kawasan Eropa Timur                          geopolitical conflicts in Eastern Europe and the Middle East.
dan Timur Tengah. Adanya kenaikan suku bunga FFR dan                          The increase in the FFR interest rate and the increase in long-
peningkatan yield US Treasury jangka panjang memicu aliran                    term US Treasury yields triggered investment flows out of the
investasi keluar dari kelompok negara ekonomi berkembang                      group of developing economic countries towards liquid assets
menuju aset-aset likuid di Amerika Serikat, yang kemudian                     in the United States, which then led to the strengthening of
menyebabkan penguatan nilai dolar Amerika Serikat terhadap                    the value of the United States dollar against various world
berbagai mata uang dunia. Menghadapi situasi perekonomian                     currencies. Facing the challenging economic situation, the
yang   menantang,       perekonomian             global   diestimasikan       global economy was estimated to grow 3.1% in 2023, or lower
tumbuh 3,1% pada 2023, atau lebih rendah dibanding realisasi                  than the realized growth in the previous year of 3.5%.
pertumbuhan di tahun sebelumnya yang sebesar 3,5%.


Ekonomi    Indonesia       mampu           memperlihatkan          tingkat    The Indonesian economy was able to demonstrate a good
resiliensi yang baik pada 2023. Hal tersebut tercermin pada                   level of resilience in 2023 as reflected in the realization
realisasi pertumbuhan sebesar 5,05%, lebih tinggi dibanding                   of growth of 5.05% which was higher than the ASEAN-5
pertumbuhan ekonomi ASEAN-5 yang sebesar 4,1% (Word                           economic growth of 4.1% (IMF Economic Outlook, January
Economic Outlook IMF, Januari 2024), dengan tingkat inflasi                   2024), with the inflation rate maintained in the target range of
yang terjaga pada rentang sasaran 3%±1. Seiring hal itu,                      3%±1. Along with this, there was strengthening performance
terjadi penguatan kinerja pada sejumlah sektor lapangan                       in a number of business sectors, including the construction
usaha, antara lain sektor konstruksi yang tumbuh 7,68%                        sector which grew 7.68% (yoy) and the processing industry
(yoy), sektor industri pengolahan yang tumbuh 4,07% (yoy).                    sector which grew 4.07% (yoy). In facing the strengthening
Menghadapi penguatan dolar AS, nilai tukar rupiah berhasil                    of the US dollar, the rupiah exchange rate was successfully
terjaga dengan tingkat penguatan rata-rata 0,44% pada                         maintained with an average strengthening rate of 0.44% in
Desember 2023, didukung kebijakan pro-stability dari Bank                     December 2023, supported by pro-stability policies from
Indonesia selaku regulator.                                                   Bank Indonesia as the regulator.


Industri semen Indonesia pada 2023 berada pada situasi yang                   The Indonesian cement industry in 2023 was in a favorable
kondusif, ditandai realisasi peningkatan permintaan semen                     situation as marked by the realization of an increase in cement
sebesar 3,6% dibanding pada 2022, mengacu pada informasi                      demand of 3.6% compared to 2022 based on information from
Asosiasi Semen Indonesia (ASI). Peningkatan permintaan                        the Indonesian Cement Association (ASI). The increase in
terjadi hampir pada seluruh pulau di Indonesia, mencakup                      demand occurred on almost all regions in Indonesia, including
Pulau Sumatra (5,4%), Pulau Jawa (0,6%), Pulau Kalimantan                     Sumatra Island (5.4%), Java Island (0.6%), Kalimantan Island
(22,1%), Nusa Tenggara (13,1%), serta Indonesia Timur (5,8%).                 (22.1%), Nusa Tenggara (13.1%), and Eastern Indonesia (5.8%).
Sementara itu, penurunan terjadi di Pulau Sulawesi (3,5%).                    On the other hand, the decline occurred on Sulawesi Island
                                                                              (3.5%).


Menyambut kondisi ekonomi dan industri semen Indonesia                        Welcoming the economic conditions and the Indonesian
tersebut, Perusahaan berhasil menghadirkan kinerja positif                    cement industry, the Company succeeded in delivering
yang tercermin melalui penjualan semen yang mencapai 2,16                     positive performance as reflected in cement sales which
juta ton, atau tumbuh 7,56% (yoy). Hal tersebut kemudian                      reached 2.16 million tons, or grew 7.56% (yoy). This then had




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                     Management Discussion and Analysis   Good Corporate Governance             Corporate Social and Environmental Responsibility




                                                                                                              Laporan Direksi
                                                                                                    Board of Directors Report



memberi pengaruh terhadap peningkatan pendapatan                              an impact on increasing business income which grew 8%
usaha yang tumbuh 8% dibanding tahun 2022, dengan                             compared to 2022, with realization reaching Rp2.04 trillion.
realisasi mencapai Rp2,04 triliun. Perusahaan juga mampu                      The Company was also able to increase profitability as
meningkatkan profitabilitas yang tercermin dari perolehan                     reflected in operating profit which reached Rp256.09 billion,
laba usaha yang mencapai Rp256,09 miliar, meningkat                           an increase of 1.19% from the realization in the previous
1,19% dari realisasi pada tahun sebelumnya yang sebesar                       year of Rp253.07 billion and the Company's net profit grew
Rp253,07 miliar dan laba bersih Perusahaan yang positif di                    to Rp121.57 or by 57% compared to that of 2022 at Rp77.32
angka Rp121,57 miliar atau tumbuh 57% dari tahun 2022 yang                    billion.
sebesar Rp77,32 miliar.


STRATEGI DAN KEBIJAKAN STRATEGIS                                              COMPANY STRATEGY AND STRATEGIC POLICY
PERUSAHAAN
Perusahaan mengalami perubahan besar pada tahun 2023                          The Company experienced major changes in 2023 with the
dengan bergantinya status SMBR menjadi anak usaha dari                        change of SMBR status to become a subsidiary of PT Semen
PT Semen Indonesia (Persero) Tbk, yang sekaligus membuat                      Indonesia (Persero) Tbk, which also made the Company carry
Perusahaan menjalankan peran selaku Operating Company                         out the role of Operating Company (Opco). Due to these
(Opco). Atas perubahan tersebut, Perusahaan menjalankan                       changes, the Company carried out a number of strategic
sejumlah langkah strategis guna memastikan pertumbuhan                        steps to ensure the growth in value that can be provided,
nilai yang dapat diberikan, tidak hanya bagi pemegang                         not only to shareholders but also to stakeholders, as well
saham tetapi juga kepada pemangku kepentingan, serta                          as increasing profitability for both parties. Some of these
meningkatkan profitabilitas bagi kedua pihak. Beberapa                        strategic steps are (1) cost leadership to reduce production
langkah strategis tersebut adalah (1) cost leadership                         costs and (2) optimizing income through sales of cement and
untuk menekan biaya produksi serta (2) mengoptimalkan                         white clay.
pendapatan melalui penjualan semen dan white clay.


Aktivitas pemasaran dan penjualan Perusahaan merupakan                        The Company's marketing and sales activities are one of
salah satu fungsi yang disentralisasi ke Holding pasca-                       the functions centralized to Holding after the integration of
integrasi SMBR ke dalam Semen Indonesia (SIG). Dalam                          SMBR into the Semen Indonesia (SIG). In an effort to achieve
upaya mencapai target penjualan, Perusahaan secara terus-                     sales targets, the Company continuously coordinates with
menerus melakukan koordinasi dengan Holding sebagai                           Holding as strategy manager and operational implementer of
pengelola strategi dan pelaksana operasional kegiatan                         marketing and sales activities. In this case, activities carried
pemasaran dan penjualan. Aktivitas yang dilakukan dalam hal                   out include:
ini antara lain:
•   Strategi multibrand di masing-masing wilayah dengan                       •     Multibrand strategy in each region by positioning the
    memosisikan brand SMBR sebagai main brand/premium                               SMBR brand as the main brand/premium brand in the
    brand di wilayah pasar Sumatra Selatan dan Lampung                              South Sumatra and Lampung market areas and as an
    serta sebagai economy brand di wilayah pasar Jambi,                             economy brand in the Jambi, Bangka, and Bengkulu
    Bangka, dan Bengkulu;                                                           market areas;
•   Program promosi sell-in (ke distributor) dan/atau ke toko/                •     Sell-in promotion program to distributors and/or to
    retailer, monitoring harga dan promosi dari brand pesaing,                      shops/retailers, monitoring prices and promotions from
    serta melakukan kalibrasi harga jual sesuai kondisi pasar                       competing brands, as well as calibrating selling prices
    dan brand positioning, serta monitoring tren penebusan,                         according to market conditions and brand positioning,
    stok gudang distributor dan gudang toko melalui aplikasi                        as well as monitoring redemption trends, distributor and
    Forca-pos.                                                                      warehouse stock shop via the Forca-pos application.




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                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Laporan Direksi
Board of Directors Report



Dari sisi produksi, SMBR menerapkan sejumlah program                         From the production standpoint, SMBR implemented a number
untuk menghasilkan produk dengan proses produksi yang                        of programs to produce products with efficient production
efisien dalam rangka meningkatkan kinerja Perusahaan                         processes in order to improve the Company's performance in
pada 2023. Program-program tersebut di antaranya berupa                      2023. These programs include digitizing business processes
digitalisasi proses bisnis melalui implementasi Intelligence                 through implementation of the Intelligence Process Control
Process Control System di Finish Mill. Pengembangan ini                      System at the Finish Mill. This development is an intelligent
merupakan sistem kontrol cerdas (Artificial Intelligence) yang               control system (Artificial Intelligence) which is needed to
diperlukan untuk mengendalikan proses operasi berdasarkan                    control operating processes based on process conditions
kondisi dan parameter proses dalam rangka mencapai kinerja                   and parameters in order to achieve uniform and optimal
produksi yang seragam dan optimal dengan menjadikan                          production performance by making operating parameters
parameter operasi lebih stabil. Proses ini kemudian membuat                  more stable. This process ensures the quality of SMBR
kualitas produk semen SMBR lebih terjaga.                                    cement products.


Program efisiensi SMBRGO45 yang telah dimulai sejak tahun                    The SMBRGO45 efficiency program which started in 2020
2020 tetap dilakukan pada 2023. Perusahaan berupaya                          continued to be implemented in 2023. The Company strived
menjaga kontinuitas suplai dengan tetap memaksimalkan                        to maintain continuity of supply while maximizing the most
biaya pelayanan ke pelanggan yang paling efisien. Hal                        efficient service costs to customers. This was done through
tersebut dilakukan melalui (1) optimalisasi jaringan suplai                  (1) optimization of the supply network based on least cost to
berdasarkan least cost to serve yang meliputi reroute,                       serve which includes reroutes, mode selection, transport
pemilihan moda, kapasitas angkut, dan asal semen serta                       capacity, and cement origin as well as reduce double handling,
mengurangi double handling, (2) evaluasi kinerja ekspeditor                  (2) monthly evaluation of expeditor performance to ensure
secara rutin setiap bulan untuk memastikan kinerja yang                      optimal performance, (3) holding a tender for additional truck
optimal, (3) melakukan tender penambahan armada angkutan                     transport fleets to anticipate an increase in the volume of
truk untuk mengantisipasi peningkatan volume rilis ICS,                      ICS releases, and (3) optimization and adjustment of train
serta (3) mengoptimalkan dan menyesuaikan stamformasi                        stamformation (arrangement) by considering stock needs
(susunan rangkaian) kereta api dengan mempertimbangkan                       and market demand, which is also the Company's method of
kebutuhan stok dan permintaan pasar, yang sekaligus                          maintaining minimum transport targets.
sebagai cara Perusahaan dalam menjaga pemenuhan target
angkutan minimum.


Dari sisi keuangan, sebagai upaya untuk meningkatkan                         From financial perspective, as an effort to improve cash and
pengelolaan kas dan modal kerja, Perusahaan telah melakukan                  working capital management, the Company has accelerated
percepatan pembayaran pokok Kredit Investasi (KI) sehingga                   principal payments on Credit Investment (KI) so as to
mampu menurunkan beban bunga. Lebih dari itu, Perusahaan                     minimize interest expenses. Moreover, the Company has also
juga telah meningkatkan kualitas piutang melalui rescheduling                improved the quality of receivables through rescheduling and
dan penambahan jaminan bagi distributor.                                     additional guarantees for distributors.


PERAN DIREKSI DALAM PENYUSUNAN                                               THE ROLE OF THE BOARD OF DIRECTORS IN
KEBIJAKAN STRATEGIS                                                          PREPARING STRATEGIC POLICIES
Jajaran Direksi menetapkan arah pengembangan bisnis                          The Board of Directors determined the direction of the
Perusahaan secara periodik. Dalam rangka mencapai arah                       Company's business development periodically. In order to
pengembangan dan tujuan Perusahaan, Direksi merumuskan                       achieve the Company's development direction and objectives,
kebijakan dan memutuskan strategi-strategi yang akan                         the Board of Directors formulated policies and decided on




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                     Management Discussion and Analysis   Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                           Laporan Direksi
                                                                                                 Board of Directors Report



dijalankan, baik dalam jangka pendek maupun jangka                            strategies to be implemented, both in the short and long term,
panjang, yang dilakukan dengan mempertimbangkan seluruh                       which are carried out by taking into account all applicable laws
peraturan perundang-undangan yang berlaku dan peraturan                       and regulations, and internal corporate regulations, which
internal korporasi yang disesuaikan dengan kebijakan dari                     adhere to Holding policies. In addition, the Board of Directors
Holding. Selain itu, Direksi merumuskan strategi dan kebijakan                formulated the Company's strategy and strategic policies by
strategis Perusahaan dengan mempertimbangkan risiko-                          considering potential risks. In this case, a number of factors
risiko yang mungkin timbul. Dalam hal ini, sejumlah faktor yang               that were taken into consideration by the Board of Directors
menjadi pertimbangan Direksi mencakup kondisi ekonomi                         include economic conditions and the cement industry,
dan industri semen, perkembangan kinerja Perusahaan, isu                      developments in the Company's performance, current issues
terkini yang dapat berdampak bagi keberlangsungan usaha                       that may impact the sustainability of the Company's business,
Perusahaan, arahan dari induk perusahaan, rekomendasi dari                    directions from the parent company, recommendations
Dewan Komisaris, serta hal-hal lain yang dinilai relevan dan                  from the Board of Commissioners, as well as other matters
signifikan.                                                                   deemed relevant and significant.


Selanjutnya, Direksi memimpin dan mengawal implementasi                       Furthermore, the Board of Directors led and supervised the
strategi tersebut agar dapat mencapai target yang diharapkan                  implementation of this strategy so that it can achieve the
sesuai fungsi, tanggung jawabnya, serta wewenang yang                         expected targets according to its functions, responsibilities,
dimiliki. Hal-hal yang menjadi tanggung jawab Direksi                         and authority. Matters that are the responsibility of the Board
secara keseluruhan dan persyaratan mengenai pengambilan                       of Directors as a whole and requirements regarding the
keputusan Direksi, baik secara musyawarah untuk mufakat                       Board of Directors' decision making, either by deliberation
atau pengambilan suara mayoritas diatur dalam Anggaran                        to reach consensus or by majority voting are regulated in the
Dasar Perusahaan.                                                             Company's Articles of Association.


PROSES YANG DILAKUKAN DIREKSI DALAM                                           PROCESSES CARRIED OUT BY THE BOARD
MEMASTIKAN IMPLEMENTASI STRATEGI                                              OF DIRECTORS IN ENSURING STRATEGY
                                                                              IMPLEMENTATION
Direksi mengesahkan strategi Perusahaan pada penyusunan                       The Board of Directors approved the Company's strategy in the
Rencana Kerja dan Anggaran Perusahaan (RKAP), dengan                          preparation of the Company's Work Plan and Budget (RKAP)
menjabarkan masing-masing strategi dalam bentuk program                       by describing each strategy in the form of a work program and
kerja beserta anggarannya. Direksi terus memastikan                           budget. The Board of Directors continued to ensure that all
seluruh karyawan dapat memahami sasaran, strategi, dan                        employees understand the Company's targets, strategies, and
program kerja Perusahaan yang telah ditetapkan untuk tahun                    work programs that have been set for the year through various
tersebut melalui berbagai rapat kerja dan sosialisasi yang                    work meetings and outreach held periodically throughout the
dilakukan secara berkala sepanjang tahun. Direksi melakukan                   year. The Board of Directors monitored the implementation
pemantauan terhadap implementasi strategi Perusahaan                          of the Company's strategy through monthly coordination
melalui rapat koordinasi bulanan, yang sekaligus merupakan                    meetings, which also served as a mechanism for the Board
mekanisme bagi Direksi untuk membahas perkembangan                            of Directors to discuss developments in the Company's
kinerja Perusahaan. Selain itu, Direksi menerapkan penilaian                  performance. In addition, the Board of Directors carried out
terhadap efektivitas implementasi strategi Perusahaan,                        an assessment of the effectiveness of the implementation
sebagai bagian dari evaluasi kinerja jajaran di Direktorat                    of the Company's strategy as part of evaluation of the
masing-masing.                                                                performance of the ranks in each Directorate.




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                               Performance Highlights         Management Report            Company Profile         Overview on Business Supports




Laporan Direksi
Board of Directors Report



ANALISIS TERHADAP PENCAPAIAN KINERJA                                                ANALYSIS OF COMPANY PERFORMANCE
PERUSAHAAN                                                                          ACHIEVEMENTS
Tahun 2023 merupakan tahun pertama Kontrak Manajemen                                2023 was the first year of the SMBR Management Contract
SMBR sebagai Operating Company (Opco) yang ditetapkan                               as an Operating Company (Opco) determined by Holding,
oleh Holding, setelah bergabungnya Semen Baturaja ke dalam                          after Semen Baturaja merged into SIG. The Company's
SIG. Penilaian kinerja Perusahaan kemudian ditentukan oleh 2                        performance assessment was then determined by 2 (two)
(dua) aspek, sebagai berikut:                                                       aspects, as follows:
  No.           KPI            Target         Bobot / Value                                             Penjelasan / Description
   1      Kinerja Bisnis           100%                 65% Kinerja bisnis dinilai dari pencapaian Perusahaan atas target item kinerja bisnis
           / Business                                       sebagaimana telah ditetapkan Holding. / Business performance is assessed by the
          Performance                                       Company's achievement of business performance target items as determined by the
                                                            Holding.
   2         Aspirasi              100%                 35% Aspirasi Holding dinilai dari kemampuan Perusahaan dalam memenuhi instruksi dan
             Holding                                        arahan Holding. Penilaian akan dilakukan melalui survei oleh seluruh anggota BOD
            / Holding                                       PT Semen Indonesia (Persero) Tbk berdasarkan rekapitulasi arahan Holding yang
           Aspirations                                      dikumpulkan oleh Departement of Portofolio Management SIG. / Holding's aspirations
                                                            are assessed from the Company's ability to fulfill Holding's instructions and directions.
                                                            The assessment will be carried out through a survey by all members of the BOD of
                                                            PT Semen Indonesia (Persero) Tbk based on a recapitulation of Holding directives
                                                            collected by the Department of Portfolio Management SIG.
       Total Bobot /                                    100%
       Total Values


Adapun, perincian pencapaian setiap indikator KPI Kinerja                           Meanwhile, details of the achievement of each KPI Business
Bisnis pada tahun 2023 adalah sebagai berikut:                                      Performance indicator in 2023 are as follows:
                                                                                                               Bobot (%)               Realisasi / Realization
                                                                 Satuan /                       Polaritas /
  No.              Key Performance Indicator                                      Target                        / Value          Nilai /                     Bobot /
                                                                   Unit                          Polarity                                           %
                                                                                                                  (%)            Score                        Value
   A                                Nilai Ekonomi dan Sosial untuk Indonesia / Economic and Social Value for Indonesia
   1      OEE (Net Kiln)                                             %                 85            Max                10            81,10          95,41       9,54
                                                                   Jam /
   2      MTBF (Kiln)                                                                 278            Max                10         202,40            72,81       7,28
                                                                   Hour
                                                                  kCal/kg
   3      Specific Thermal Energy Consumtion                                          790            Min                10         799,32            98,83       9,88
                                                                  Clinker
   4      TSR                                                        %                2,4            Max                 5              3,01        110,00       5,50
   5      Safety Performance                                         %                100            Max                 5          146,00          110,00       5,50
   6      PROPER                                                   Index                   4         Max                 5             4,00         100,00       5,00
   7      Culture Readiness                                          %                100            Max                 5         120,40           110,00       5,50
          Sinergi Value Integrasi SIG-SMBR / Synergy            Rp Miliar /
   8                                                                                  187            Max                 5         288,00           110,00       5,50
          Value of GIS-SMBR Integration                         Rp Billion
                                                                Rp Miliar /
   9      OPEX (Exd Depr & ManPower)                                                  103            Min                 9          103,15           99,85       8,99
                                                                Rp Billion
   B                                                     Inovasi Model Bisnis / Business Model Innovation
          Biaya Pemeliharaan terkait Aktivitas
                                                                Rp Miliar /
   1      Produksi Semen / Maintenance Costs                                           61            Min                10           54,49          110,00       11,00
                                                                Rp Billion
          related to Cement Production Activities
   2      Clinker Factor PCC Reguler                                 %               62,5            Min                10           62,70           99,68       9,97
          Specific Electrical Energy Consumption
   3                                                             kWh/Ton               79            Min                 5           82,69           95,54       4,78
          (SEEC) up to Cement
          Design Capacity per Jumlah Karyawan /
   4                                                                Ton             4.449            Max                 3       4.519,77           101,59       3,05
          Design Capacity per Number of Employees




70           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                      Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik             Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis      Good Corporate Governance                    Corporate Social and Environmental Responsibility




                                                                                                                       Laporan Direksi
                                                                                                             Board of Directors Report



                                                                                                             Bobot (%)                    Realisasi / Realization
                                                           Satuan /                          Polaritas /
  No.           Key Performance Indicator                                     Target                          / Value               Nilai /                        Bobot /
                                                             Unit                             Polarity                                                    %
                                                                                                                (%)                 Score                           Value
   C    Kepemimpinan Teknologi / Technology Leadership
   1    Project Automation Utilization Rate                    %                       85        Max                        5           55,08              64,80       3,24
   D    Peningkatan Investasi / Increased Investment
                                                           Rp Miliar /
   1    TKDN Spare Part                                                              10,9        Max                        3            10,84             99,45       2,98
                                                           Rp Billion
   E    Pengembangan Talenta / Talent Development
            Total Bobot / Total Values                                                                                  100                                           97,71


Pencapaian KPI Kinerja Bisnis Perusahaan tahun 2023                               The achievement of the Company's Business Performance
adalah sebesar 97,71% terhadap target. Hal ini ditunjang oleh                     KPI in 2023 is 97.71% of the target. This was supported by
pencapaian masing-masing indikator, yaitu OEE (Net Kiln)                          the achievement of each indicator, namely OEE (Net Kiln) at
sebesar 95,41% dari target, MTBF (Kiln) mencapai 72,81%                           95.41% of the target, MTBF (Kiln) reaching 72.81% of the target,
dari target, Specific Thermal Energy Consumption mencapai                         Specific Thermal Energy Consumption reaching 98.83% of the
98,83% dari target, TSR mencapai 110% terhadap target,                            target, TSR reaching 110% of the target, Safety Performance
Safety Performance dan PROPER memenuhi target 100%,                               and PROPER met the target of 100%, Culture Readiness
Culture Readiness dan Sinergi Value Integrasi SIG-SMBR                            and Synergy Value Integration of SIG-SMBR succeeded in
yang berhasil mencapai nilai melebihi target, masing-masing                       achieving values exceeding the target, respectively 110%
sebesar 110% dan 110%, serta Opex (Excl Depr & ManPower)                          and 110%, and Opex (Excl Depr & ManPower) reached 99.85%
mencapai 99,85% dari target. Kemudian, biaya pemeliharaan                         of the target. Then, maintenance costs related to cement
terkait aktivitas produksi semen tercapai 110% dan Clinker                        production activities reached 110% and Regular PCC Clinker
Factor PCC Reguler tercapai 99,68% dari target. SEEC up-                          Factor reached 99.68% of the target. SEEC up-to Cement and
to Cement dan Design Capacity/Jumlah Karyawan masing-                             Design Capacity/Number of Employees were respectively
masing tercapai sebesar 95,54% dan 101,59% dari target.                           achieved at 95.54% and 101.59% of the target. Project
Project Automation Utilization Rate hingga akhir tahun                            Automation Utilization Rate by the end of the year reached
mencapai 64,80% dari target, sedangkan nilai TKDN Spare                           64.80% of the target, while the TKDN Spare Part value
Part mencapai 99,45% dari target akhir tahun.                                     reached 99.45% of the year-end target.


Komitmen Perusahaan dalam mewujudkan industri semen                               The Company's commitment to realizing an environmentally
yang ramah lingkungan diwujudkan melalui keberhasilan                             friendly cement industry was realized through its success in
dalam menyerap bahan bakar alternatif untuk menggantikan                          absorbing alternative fuels to replace the calories from fossil
kalori bahan bakar fosil yang digunakan. Hal ini ditunjukkan                      fuels used. This is shown by the Thermal Substitution Rate
dengan indikator Thermal Substitution Rate yang tercapai                          indicator which was reached at 3.01%, an increase from last
sebesar 3,01%, meningkat dari tahun lalu yang sebesar 2,62%.                      year which was 2.62%. Apart from that, the Company also
Selain itu, Perusahaan juga berhasil meraih predikat Proper                       succeeded in achieving the Green Proper title for the Baturaja
Hijau untuk pabrik Baturaja pada 2023, setelah mendapatkan                        Plant in 2023, after receiving Blue Proper in the previous
Proper Biru pada 3 tahun sebelumnya.                                              3 years.




                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile      Overview on Business Supports




Laporan Direksi
Board of Directors Report



Penilaian kinerja korporat berdasarkan KPI Aspirasi Holding,                  Corporate performance assessment based on Holding's
yang terdiri dari kebijakan bidang keuangan, ICT, fungsi                      Aspiration KPI, which consisted of policies in the fields of
hukum, penetapan Tim Task Force Remedial & Recovery, serta                    finance, ICT, legal functions, determination of the Remedial
pemutakhiran dokumen tata kelola yang dilakukan secara                        & Recovery Task Force Team, as well as updating governance
internal oleh Holding.                                                        documents, which was carried out internally by Holding.


TANTANGAN SERTA SOLUSI YANG DITERAPKAN                                        CHALLENGES AND SOLUTIONS IMPLEMENTED
PERUSAHAAN                                                                    BY THE COMPANY
Perusahaan menghadapi sejumlah tantangan serta telah                          The Company faced a number of challenges and has
menerapkan solusi untuk menyelesaikan masing-masing                           implemented solutions to resolve each of these challenges,
tantangan tersebut, dengan uraian sebagai berikut:                            with the following description:
1. Oversupply Berkelanjutan                                                   1. Continuous Oversupply
   Industri semen nasional masih ditandai dengan tingkat                         The national cement industry is still characterized by a
   utilisasi yang rendah, yaitu berkisar pada 57% terhadap                       low utilization rate, which is around 57% of production,
   produksi, serta persaingan yang ketat di antara pelaku                        as well as tight competition among industry players
   industri (Asosiasi Semen Indonesia, Desember 2023).                           (Indonesian Cement Association, December 2023).
   Menghadapi tantangan ini, SMBR berupaya meningkatkan                          Facing this challenge, SMBR strives to increase sales of
   penjualan produk utama dan produk turunan serta                               main products and derivative products and implement
   menerapkan efisiensi di seluruh lini.                                         efficiencies in all lines.


2. Kenaikan Biaya Logistik                                                    2. Increase in Logistics Costs
   Pada 2023, SMBR menghadapi tantangan berupa                                   In 2023, SMBR faced challenges in the form of increasing
   kenaikan tarif ongkos angkut. Menghadapi hal tersebut,                        freight rates. In facing such situation, the Company
   Perusahaan berupaya untuk terus mengoptimalisasi pola                         strived to continue to optimize distribution patterns by
   distribusi dengan memilih moda, menentukan kapasitas                          choosing modes, determining transport capacity, and
   angkut dan sumber produk, serta mengurangi double                             product sources, as well as reducing double handling to
   handling dalam menjaga biaya operasional perusahaan                           keep the Company's operational costs good.
   tetap baik.


3. Dampak Kenaikan Harga Batubara                                             3. Impact of increasing coal prices
   Menyusul kenaikan yang terjadi pada tahun sebelumnya,                         Following the increase in the previous year, coal prices only
   harga batubara baru mencapai titik yang lebih rendah                          reached a lower point in September 2023. The Company
   pada September 2023. Perusahaan tetap melakukan                               continued to carry out efficiency to reduce production
   efisiensi untuk menekan biaya produksi dengan mengatur                        costs by arranging a combination of coal procurement
   kombinasi pengadaan batubara dari PT Bukit Asam dan                           from PT Bukit Asam and from coal entrepreneurs around
   dari pengusaha batubara di sekitar Perusahaan.                                the Company.


ANALISIS PROSPEK USAHA PERUSAHAAN                                             ANALYSIS OF COMPANY BUSINESS PROSPECTS
Mengacu pada data Asosiasi Semen Indonesia, tingkat                           Referring to data from the Indonesian Cement Association,
permintaan semen pada 2024 diperkirakan meningkat pada                        cement demand levels in 2024 are estimated to increase in
kisaran 1%-2% (yoy). Hal tersebut didukung adanya realisasi                   the range of 1%-2% (yoy). This is supported by the realization
permintaan semen yang tumbuh 2,5% (yoy) pada posisi                           of cement demand which grew 2.5% (yoy) in November 2023,
November 2023, yang menyebabkan utilisasi semen nasional                      which caused national cement utilization to increase to 57%




72         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik             Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance                    Corporate Social and Environmental Responsibility




                                                                                                                   Laporan Direksi
                                                                                                         Board of Directors Report



meningkat hingga 57% pada 2023. Selain itu, terdapat faktor                   in 2023. Moreover, there are other factors that strengthen
lain yang memperkuat proyeksi peningkatan semen pada                          the projected increase in cement in 2024, including the
2024 mencakup ekonomi nasional yang tumbuh stabil dengan                      growing national economy. stable growth with a realization
realisasi 5,05% serta tren peningkatan realisasi anggaran                     of 5.05% as well as an increasing trend in the realization of
infrastruktur pemerintah, dengan realisasi Rp455,8 triliun                    the government's infrastructure budget, with a realization of
atau meningkat 22,2% dibanding pada 2022.                                     Rp455.8 trillion or an increase of 22.2% compared to 2022.


Seiring hal tersebut, tahun 2023 merupakan tahun awal                         In line with this, 2023 was the first year for SMBR to officially
permulaan SMBR secara resmi bergabung dengan SIG dalam                        join forces with SIG in order to support the creation of
rangka mendukung penciptaan sinergi klaster semen BUMN.                       SOE cement cluster synergies. This strategic step has
Langkah strategis tersebut telah memperkuat Perusahaan,                       strengthened the Company as seen in the achievement of
tercermin melalui pencapaian target kinerja yang jauh lebih                   performance targets that are much better than in 2022. This
baik dibandingkan tahun 2022. Kondisi ini menghadirkan                        condition creates optimism for positive business prospects
optimisme akan adanya prospek usaha yang positif pada                         in the coming year.
tahun mendatang.


Sebagai upaya mendukung hal tersebut, Perusahaan                              As an effort to support this, the Company updates strategic
memperbarui inisiatif strategi yang akan mendorong                            initiatives that will encourage performance achievements in
pencapaian kinerja pada 2024, dengan uraian sebagai                           2024, with the following description:
berikut:
1. Cost Leadership melalui Penerapan Operational                              1. Cost Leadership through Implementation of Operational
   Excellence                                                                       Excellence
   •   Meningkatkan performa peralatan dengan melakukan                             ∙        Improving equipment performance by revitalizing
       revitalisasi Pabrik Baturaja I dan melakukan recovery                                 the Baturaja I Plant and restoring Baturaja II Plant
       peralatan Pabrik Baturaja II                                                          equipment
   •   Optimalisasi supply chain dan mengurangi losses                              ∙        Optimizing the supply chain and reducing losses
       melalui optimalisasi proses distribusi, menjaga                                       through      optimizing             the        distribution   process,
       stok bahan baku & bahan bakar ke tingkat paling                                       maintaining raw material & fuel stocks to the most
       optimal, menjaga indeks inventory spare part sesuai                                   optimal level, maintaining the spare part inventory
       target serta melakukan monitoring material handling                                   index according to target and monitoring material
       sepanjang rantai pasok                                                                handling throughout the supply chain
   •   Green operation dengan upaya penurunan faktor                                ∙        Green operations with efforts to reduce the clinker
       klinker, melakukan optimalisasi pemanfaatan AFR dan                                   factor, optimize the use of AFR and increase the use
       peningkatan pemanfaatan renewable energy                                              of renewable energy


2. Peningkatan Pendapatan Lainnya                                             2. Increase in Other Income
   •   Peningkatan produksi white clay dengan reaktivasi                            •        Increased white clay production by reactivation of
       fasilitas produksi di Pabrik Baturaja I                                               production facilities at the Baturaja I Plant
   •   Penjualan limestone                                                          •        Limestone sales
   •   Ekspansi pasar untuk meningkatkan penjualan                                  •        Market expansion to increase sales
   •   Mengutilisasi aset non-produktif                                             •        Utilizing non-productive assets




                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
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                               Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                               Performance Highlights       Management Report      Company Profile      Overview on Business Supports




Laporan Direksi
Board of Directors Report



3. Industri 4.0                                                                 3. Industry 4.0
   •   Pemenuhan gap INDI 4.0                                                      •     Filling the INDI 4.0 gap
   •   Optimalisasi project automation                                             •     Optimizing project automation
   •   Optimalisasi penggunaan SAP                                                 •     Optimizing the use of SAP


4. Pengembangan karyawan dan community management                               4. Employee development and community management
   •   Peningkatan kompetensi karyawan                                             •     Increasing employee competency
   •   Peningkatan effective innovation                                            •     Increasing effective innovation
   •   Pembinaan komunitas berkelanjutan                                           •     Sustainable community development


5. Penguatan GCG dan kerja sama strategis dengan anak                           5. Strengthening GCG and strategic cooperation with
   usaha dan afiliasi                                                              subsidiaries and affiliates
   •   Perbaikan terus-menerus dalam penerapan GCG                                 •     Continuous improvement in GCG implementation
   •   Peningkatan kerja sama dengan anak usaha dan                                •     Increased cooperation with subsidiaries and affiliates
       afiliasi


6. Penguatan finansial melalui penanganan bad debt                              6. Financial strengthening through handling bad debt



TATA KELOLA SUMBER DAYA MANUSIA DAN                                             INFORMATION TECHNOLOGY AND HUMAN
TEKNOLOGI INFORMASI                                                             RESOURCES GOVERNANCE
PENGELOLAAN DAN PENGEMBANGAN SUMBER DAYA                                        HUMAN RESOURCES MANAGEMENT AND DEVELOPMENT
MANUSIA
Direksi memahami bahwa pengelolaan Sumber Daya Manusia                          The Board of Directors understands that Human Resources
(SDM) merupakan aspek penting dengan pengaruh signifikan                        (HR) management is an important aspect with a significant
bagi keberlangsungan usaha di masa mendatang. Di tengah                         influence on business sustainability in the future. In the midst
kondisi eksternal yang terus berubah, pengelolaan SDM yang                      of constantly changing external conditions, HR management
berorientasi pada pengembangan kompetensi karyawan                              that is oriented towards developing employee competencies
akan memperkuat daya saing Perusahaan, dalam rangka                             will strengthen the Company's competitiveness in order to
mendukung penciptaan value atas aktivitas operasi SMBR bagi                     support the creation of value for SMBR's operational activities
pemangku kepentingan. Atas pemahaman tersebut, Direksi                          for stakeholders. Based on this understanding, the Board
secara terus-menerus memperkuat proses pengelolaan SDM                          of Directors continuously strengthens the HR management
selaras dengan proses bergabungnya Semen Baturaja ke                            process in line with the process of joining Semen Baturaja
dalam SIG.                                                                      into SIG.


Dengan didukung jajaran terkait, Direksi telah memimpin                         With the support of related staff, the Board of Directors has
pengelolaan SDM Perusahaan pada 2023 dengan berpedoman                          led the management of the Company's HR in 2023 by referring
pada ketentuan dan best practices yang berlaku di lingkungan                    to the provisions and best practices that apply in the SMBR
SMBR, selaras dengan praktik dan sistem yang berlaku pada                       environment, in line with the practices and systems that
SIG. Di antara upaya strategis yang telah dilakukan pada 2023                   apply to SIG. strategic efforts that have been carried out in
adalah sebagai berikut:                                                         2023 are as follows:




74           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                       Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis             Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                                                                                          Laporan Direksi
                                                                                                                Board of Directors Report



•    Penyelarasan terkait kebijakan SDM, di antaranya aturan                              •     Alignment related to HR policies, including on AKHLAK
     terkait AKHLAK, Penyampaian LHKPN, Pengelolaan                                             Guidelines,      Obligations              for       Submitting    LHKPN,
     Alih Daya, Kompetensi Perilaku dan Teknis, Karyawan                                        Outsourcing Management, Behavioral and Technical
     Dalam Penugasan (Employee on Duty), Panduan Sistem                                         Competency Guidelines, Employees on Duty, Learning
     Pembelajaran    dan       Pengembangan                  Karyawan,         dan              System Guidelines and Employee Development, and HR
     Panduan Sistem Manajemen SDM.                                                              Management System Guide.
•    Penyelarasan sistem pembelajaran karyawan di antaranya                               •     Alignment of employee learning systems, including
     melalui penggunaan LMS LinkedIn.                                                           through the use of LinkedIn LMS.
•    Penyesuaian aktivitas internal seperti penyelarasan                                  •     Adjustment of internal activities such as alignment of
     Struktur   Organisasi       sehubungan                 dengan     aktivitas                Organizational Structure with respect to marketing and
     marketing dan sales, penyesuaian kompetensi dan job                                        sales activities, adjustment of competencies and job
     profile.                                                                                   profiles.
•    Penyelarasan kompensasi dan benefit dengan SIG.                                      •     Alignment of compensation and benefits with SIG.
•    Sistem pengembangan dan pelatihan karyawan yang                                      •     Employee development and training system that is
     terintegrasi dengan Holding SIG.                                                           integrated with Holding SIG.
•    Proses penyelarasan data sistem informasi karyawan                                   •     The process of aligning employee information system
     dengan Holding SIG.                                                                        data with Holding GIS.


Kinerja positif pengelolaan SDM SMBR tercermin antara lain                                The positive performance of SMBR HR management is
melalui realisasi jumlah jam pelatihan pada 2023, yaitu sebesar                           reflected through the realization of the number of training
25,14 jam per orang/tahun atau memenuhi 101% terhadap                                     hours in 2023 at 25.14 hours per person/year or meeting
target. Sebagai wujud komitmen terhadap pengembangan                                      101% of the target. As a form of commitment to developing
kompetensi SDM, Perusahaan telah merealisasikan investasi                                 HR competencies, the Company has realized an investment
pada program pengembangan kompetensi karyawan sebesar                                     in employee competency development programs amounting
Rp1,12 miliar atau memenuhi 99,05% terhadap target. Seiring                               to Rp1.12 billion or meeting 99.05% of the target. Along with
hal itu, Perusahaan juga telah memenuhi sertifikasi profesi                               this, the Company has also fulfilled employee professional
karyawan dengan pemenuhan terhadap target mencapai                                        certification with the target reaching 185%.
185%.


PENGELOLAAN DAN PENGEMBANGAN TEKNOLOGI                                                    INFORMATION TECHNOLOGY MANAGEMENT AND
INFORMASI                                                                                 DEVELOPMENT
Seiring    perubahan       eksternal         serta          arus     digitalisasi         In line with external changes and the flow of digitalization
di   tengah     masyarakat,       SMBR         berupaya            memperkuat             in society, SMBR strives to strengthen and develop its and
dan mengembangkan Information and Communication                                           Information and Communication Technology (ICT). The
Technology (ICT) yang dimiliki. Perusahaan memahami bahwa                                 Company understands that the use and development of
pemanfaatan dan pengembangan Teknologi Informasi (TI)                                     Information Technology (IT) is an important key enabler to
merupakan salah satu key enabler yang penting guna secara                                 optimally reach vital assets, increase production efficiency,
optimal menjangkau aset-aset vital, meningkatkan efisiensi                                and minimize the environmental impact on the Company's
produksi, hingga menekan dampak lingkungan pada proses                                    production process. Based on this understanding, the
produksi Perusahaan. Atas pemahaman tersebut, Perusahaan                                  Company continues to strive to develop IT according to the
terus berupaya mengembangkan TI sesuai perkembangan                                       development of industry 4.0, including through the use of
industri 4.0 antara lain melalui pemanfaatan Internet of                                  the Internet of Things (IoT), Artificial Intelligence (AI), plant
Things (IoT), Artificial Intelligence (AI), otomasi pabrik, hingga                        automation, and digital business platforms.
digital platform bisnis.




                                                                                                                   2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report      Company Profile     Overview on Business Supports




Laporan Direksi
Board of Directors Report



Pengembangan ICT di lingkungan SMBR pada 2023 dilakukan                         ICT development in the SMBR environment in 2023 was carried
seiring penyelarasan pengelolaan Teknologi Informasi yang                       out in line with the alignment of Information Technology
berlaku di lingkup SIG. Beberapa kebijakan tata kelola TI                       management that applies within the GIS scope. Several
SMBR terus dipertahankan untuk diterapkan pasca-proses                          SMBR IT governance policies continue to be maintained to be
integrasi, yang dilakukan selaras dengan penerapan kebijakan                    implemented after the integration process, which is carried
tata kebijakan tata kelola TI yang berlaku di lingkup SIG. Atas                 out in line with the implementation of IT governance policies
proses yang telah dilakukan, pengelolaan infrastruktur IT                       that apply within the SIG scope. Due to the processes that
SMBR telah menjadi lebih efisien dengan sharing resource                        have been carried out, SMBR IT infrastructure management
and knowledge, sebagai dukungan bagi Perusahaan untuk                           has become more efficient by sharing resources and
merealisasikan      efisiensi     dan        peningkatan         kapabilitas    knowledge, as support for the Company to realize efficiency
pengelolaan TI dan keamanan TI.                                                 and increase IT management capabilities and IT security.


Pengelolaan dan pengembangan TI yang telah dilakukan                            The IT management and development that has been carried
sampai dengan akhir 2023 telah menghadirkan timbal                              out until the end of 2023 has provided positive feedback. In
balik positif. Pada 2023, Perusahaan berhasil melakukan                         2023, the Company succeeded in saving costs of up to Rp1.5
penghematan biaya hingga Rp1,5 miliar dengan memindahkan                        billion by moving the SMBR server into the SIG data center
server SMBR ke dalam data center SIG serta melakukan                            and rolling out several applications from SIG. SMBR has
rollout terhadap beberapa aplikasi dari SIG. SMBR juga                          also improved its IT security system by updating operating
telah melakukan peningkatan sistem keamanan TI dengan                           system patches, anti-virus and IT infrastructure devices. The
melakukan     update      patch       sistem          operasi,   anti-virus,    Company increased employee work effectiveness through
dan perangkat-perangkat infrastruktur TI. Perusahaan                            the use of the Office 365 application as collaboration tools
menerapkan peningkatan efektivitas kerja karyawan melalui                       and office applications. SMGR IT management has also been
penggunaan aplikasi Office 365 sebagai collaboration tools                      improved by referring to the SIG IT Governance guidelines,
dan office application. Peningkatan pengelolaan TI SMBR                         along with implementing the integration of the SMBR
juga telah dilakukan dengan mengacu pada pedoman IT                             system with the Mega Distributor SIG system which will play
Governance SIG, seiring penerapan integrasi sistem SMBR                         an important role in supporting the implementation of the
dengan sistem Mega Distributor SIG yang akan berperan                           Company's business strategy.
penting dalam mendukung implementasi strategi bisnis
Perusahaan.


PERKEMBANGAN GOOD CORPORATE                                                     GOOD CORPORATE GOVERNANCE
GOVERNANCE DI LINGKUP PERUSAHAAN                                                DEVELOPMENT WITHIN THE COMPANY
IMPLEMENTASI GOOD CORPORATE GOVERNANCE                                          IMPLEMENTATION OF GOOD CORPORATE GOVERNANCE
Perusahaan berkomitmen untuk menerapkan prinsip-prinsip                         The Company is committed to implementing the principles
Good Corporate Governance (GCG) secara konsisten dan                            of Good Corporate Governance (GCG) consistently and
berkesinambungan sesuai peraturan perundang-undangan                            continuously in accordance with the laws and regulations and
serta standar praktik terbaik. Hal ini dilakukan sebagai upaya                  best practice standards. This is done as a long-term effort
jangka panjang dalam memperkuat kelangsungan kegiatan                           to strengthen the continuity of business activities, so that
usaha, agar tetap berjalan secara efektif dan berkelanjutan.                    they continue to run effectively and sustainably. Basically,
Secara mendasar, komitmen tersebut diwujudkan melalui                           this commitment is realized through the implementation of
penerapan prinsip-prinsip GCG di lingkungan SMBR pada                           GCG principles within the SMBR environment at all levels and
seluruh tingkatan dan jenjang organisasi, selaras dengan                        ranks of the organization, in line with fulfilling the obligation
pemenuhan kewajiban penerapan prinsip tata kelola                               to implement the principles of good corporate governance
perusahaan yang baik sesuai Peraturan Menteri Negara                            in accordance with Minister of State for State-Owned
Badan Usaha Milik Negara No. PER-2/MBU/03/2023 tanggal                          Enterprises Regulation No. PER-2/MBU/03/2023 dated
3 Maret 2023.                                                                   March 3, 2023.



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                     Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis           Good Corporate Governance             Corporate Social and Environmental Responsibility




                                                                                                                    Laporan Direksi
                                                                                                          Board of Directors Report



Direksi telah memastikan tiap-tiap prinsip GCG, yaitu prinsip                         The Board of Directors has ensured that each GCG
transparansi, akuntabilitas, responsibilitas, independensi,                           principle,     namely        the        principles            of      transparency,
dan kewajaran, menjadi acuan bagi pelaksanaan kegiatan                                accountability, responsibility, independence, and fairness,
operasional      Perusahaan.         Sebagai              upaya    menjaga            becomes a reference for implementing the Company's
kesinambungan      penerapan          dan       peningkatan         kualitas          operational activities. In an effort to maintain continuity of
penerapan, Perusahaan melakukan evaluasi berkala serta                                implementation and improve the quality of implementation,
menerapkan penyempurnaan atas hasil evaluasi tersebut.                                the Company carries out periodic evaluations and implements
Hal tersebut dilakukan sekaligus sebagai upaya untuk menilai                          improvements to the results of these evaluations. This was
sejauh mana perkembangan tata kelola perusahaan telah                                 done at the same time as an effort to assess the extent to
dilakukan.                                                                            which corporate governance developments have been made.


Pada 2023, Perusahaan melakukan evaluasi terhadap                                     In 2023, the Company evaluated GCG implementation based
implementasi GCG berdasarkan parameter ASEAN Governance                               on the ASEAN Governance Scorecard (ACGS) parameters with
Scorecard (ACGS) dengan perolehan skor sebesar 88,51 atau                             a score of 88.51 with "Good" predicate. This also indicates a
setara predikat “Good”. Hal tersebut sekaligus menandakan                             good opportunity for the Company to continue to improve the
kesempatan baik bagi Perusahaan untuk terus meningkatkan                              quality of GCG implementation by implementing follow-up
kualitas implementasi GCG, dengan menerapkan tindak lanjut                            to recommendations based on the evaluation that has been
terhadap rekomendasi-rekomendasi berdasarkan evaluasi                                 carried out.
yang telah dilakukan.


PERKEMBANGAN IMPLEMENTASI GCG                                                         DEVELOPMENT OF GCG IMPLEMENTATION
Kami senantiasa menerapkan peninjauan berkala terhadap                                We always carry out periodic reviews of SMBR's GCG soft-
soft-structure GCG SMBR untuk memastikan bahwa ketentuan                              structure to ensure that the internal provisions applicable
internal yang berlaku di lingkungan Perusahaan telah sesuai                           within the Company are in accordance with internal and
dengan perkembangan internal dan eksternal, serta mengacu                             external developments and refer to applicable laws and
pada peraturan perundang-undangan yang berlaku. Proses                                regulations. The continuous process carried out has
terus-menerus yang dilakukan telah memosisikan soft-                                  positioned SMBR's GCG soft-structure as a living document
structure GCG SMBR sebagai living document serta acuan                                and a relevant reference for the implementation of the
yang relevan bagi implementasi GCG Perusahaan.                                        Company's GCG.


Pada 2023, Perusahaan telah memperbarui soft-structure                                In 2023, the Company updated SMBR's GCG soft-structure
GCG SMBR dengan berlakunya Pedoman dan Tata Tertib Kerja                              with the enactment of Board of Directors Charter No. M/
Direksi (Piagam Direksi) No. M/SMBR/GRC/002 pada tanggal                              SMBR/GRC/002 on October 31, 2023 and Whistleblowing
31 Oktober 2023 serta Prosedur Pelaporan Pelanggaran/                                 System No. P/SMBR/GRC/001 dated November 30, 2023. In
Whistleblowing    System       No.      P/SMBR/GRC/001              tanggal           order to strengthen the implementation aspect, the Company
30 November 2023. Guna memperkuat pada sisi penerapan,                                carried out regular dissemination of the GCG soft-structure,
Perusahaan melaksanakan sosialisasi soft-structure GCG                                as well as renewing the commitment of management and
secara berkala, serta memperbarui komitmen pengurus                                   employees by signing a statement of compliance with the
dan karyawan melalui penandatanganan surat pernyataan                                 Code of Conduct, including for SMBR business partners.
kepatuhan terhadap Pedoman Perilaku mencakup bagi mitra
usaha SMBR.




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                            Ikhtisar Kinerja              Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights        Management Report      Company Profile     Overview on Business Supports




Laporan Direksi
Board of Directors Report



Perusahaan meningkatkan praktik pengendalian gratifikasi                      The Company improved gratuity control practices through
melalui bimbingan teknis peningkatan pemahaman terhadap                       technical guidance on increasing understanding of gratuity
pengendalian gratifikasi secara mandiri oleh karyawan,                        control independently by employees through the e-learning
melalui situs web e-learning aclc.kpk. Selain itu, Perusahaan                 website aclc.kpk. Apart from that, the Company strengthened
penguatan praktik pengendalian gratifikasi juga dilakukan                     the practice of controlling gratuity through the Technical
melalui Bimtek “Pengendalian dan Pencegahan Gratifikasi,                      Guidance "Control and Prevention of Gratuity, Bribery, and
Suap, dan Korupsi” dengan narasumber Kasatgas Direktorat                      Corruption" with speaker from the Head of the Task Force of
Antikorupsi Badan Usaha (AKBU) – Komisi Pemberantasan                         the Anti-Corruption Directorate of Business Entities (AKBU) -
Korupsi (KPK).                                                                Corruption Eradication Commission (KPK).


Sebagai bagian dari penguatan implementasi GCG, kami                          As part of strengthening GCG implementation, we carried out
melaksanakan      uji   kelayakan         terhadap       karyawan       dan   due diligence on employees and business partners regarding
mitra usaha atas implementasi Sistem Manajemen Anti-                          the implementation of the Anti-Bribery Management System
Penyuapan (SMAP) di lingkungan Perusahaan. Terkait hal                        (SMAP) within the Company. In this regard, the Company has
ini, Perusahaan juga telah melakukan resertifikasi terhadap                   also recertified SNI ISO 37001:2016 as a continuous effort
SNI ISO 37001:2016 sebagai upaya terus-menerus dalam                          to ensure the sustainability of SMBR's commitment to anti-
memastikan keberlanjutan komitmen SMBR terhadap praktik                       bribery practices.
anti-penyuapan.


Direksi memahami bahwa penerapan standar etika serta                          The Board of Directors understands that the implementation
budaya kerja sesuai ketentuan, peraturan, dan perundang-                      of ethical standards and work culture in accordance with
undangan yang berlaku merupakan faktor penting dalam                          applicable provisions, laws and regulations is an important
keseluruhan upaya implementasi GCG di lingkungan SMBR.                        factor in overall efforts to implement GCG within the SMBR
Untuk itu, kami memastikan standar etika dan budaya kerja                     environment. For this reason, we ensure that ethical
senantiasa menjadi prinsip yang ditaati oleh seluruh elemen                   standards and work culture are always principles that are
di lingkungan Perusahaan. Hal ini dilakukan atas dasar                        adhered to by all elements within the Company. This was
keyakinan bahwa implementasi tata kelola perusahaan                           done on the basis of the belief that the implementation of
yang baik merupakan aspek fundamental yang mendorong                          good corporate governance is a fundamental aspect that
terciptanya budaya kerja sesuai prinsip-prinsip GCG, yang                     encourages the creation of a work culture in accordance with
dapat menghadirkan timbal balik berupa peningkatan                            GCG principles, which can provide reciprocity in the form of
reputasi dan kepercayaan kepada SMBR.                                         increased reputation and trust in SMBR.


Lebih dari itu, penciptaan budaya kerja akan membawa                          Moreover, creating a work culture will enable the Company
Perusahaan mampu untuk terus menghadirkan kinerja serta                       to continuously provide positive performance and added
nilai tambah positif bagi seluruh pemangku kepentingan.                       value for all stakeholders. Finally, stakeholder trust is a
Akhirnya, kepercayaan pemangku kepentingan merupakan                          strong foundation for the Company to continue to be able to
fondasi yang kuat bagi Perusahaan untuk terus mampu                           carry out and develop business activities in order to achieve
menjalankan serta mengembangkan kegiatan usaha demi                           sustainable growth.
mencapai pertumbuhan yang berkelanjutan.




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                     Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis         Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                                 Laporan Direksi
                                                                                                       Board of Directors Report



PENERAPAN SISTEM PENGENDALIAN INTERNAL                                              IMPLEMENTATION OF INTERNAL CONTROL AND
DAN MANAJEMEN RISIKO                                                                RISK MANAGEMENT SYSTEMS
PENERAPAN SISTEM PENGENDALIAN INTERNAL                                              Implementation of Internal Control System
Selama 2023, Perusahaan telah menerapkan sistem                                     Throughout 2023, the Company has implemented a control
pengendalian    sebagai      perangkat            guna      meningkatkan            system as a tool to increase effectiveness and efficiency
efektivitas dan efisiensi berkenaan dengan pelaporan                                regarding financial reporting, operations, and compliance
keuangan, operasional, hingga kepatuhan terhadap peraturan                          with applicable laws and regulations. In accordance with
perundang-undangan yang berlaku. Sesuai kebijakan internal                          the Company's internal policy, the Board of Directors has
Perusahaan, Direksi telah berperan dan bertanggung jawab                            a role and responsibility in directing the implementation
dalam mengarahkan pelaksanaan sistem pengendalian                                   of the internal control system through set the tone from
internal melalui mekanisme set the tone from the top. Direksi                       the top mechanism. The Board of Directors has led the
telah memimpin penerapan sistem pengendalian internal                               implementation of an internal control system by establishing
melalui penetapan kebijakan pengelolaan Perusahaan,                                 company management policies, establishing strategic plans,
penetapan rencana strategis, hingga penetapan struktur                              and establishing an organizational structure in line with
organisasi selaras dengan praktik kepatuhan terhadap                                compliance practices with applicable regulations.
regulasi yang berlaku.


Sebagai upaya terus-menerus dalam mengevaluasi dan                                  As a continuous effort to evaluate and perfect the
menyempurnakan sistem pengendalian internal, Perusahaan                             internal control system, the Company implements regular
menerapkan penilaian secara berkala terhadap sistem                                 assessments of the internal control system in all of the
pengendalian internal pada seluruh unit kerja Perusahaan.                           Company's work units. The Company has evaluated the
Perusahaan telah mengevaluasi efektivitas penerapan                                 effectiveness of implementing the Internal Control System on
Sistem Pengendalian Internal terhadap Laporan Keuangan                              the Company's Financial Statements for the 2023 fiscal year,
Perusahaan tahun buku 2023, sesuai kriteria yang ditetapkan                         according to the criteria set by the Committee of Sponsoring
Commitee of Sponsoring Organizations (COSO) of The Treadway                         Organizations (COSO) of The Treadway Commission. Based on
Commission. Berdasarkan evaluasi tersebut, dinyatakan                               this evaluation, it is stated that the internal control system for
bahwa sistem pengendalian internal atas Laporan Keuangan                            the Company's Financial Statements for the 2023 fiscal year
Perusahaan tahun buku 2023 telah berjalan secara efektif.                           has been running effectively.


PENERAPAN MANAJEMEN RISIKO                                                          IMPLEMENTATION OF RISK MANAGEMENT
Manajemen risiko merupakan aspek penting pada mekanisme                             Risk management is an important aspect of the governance
tata kelola yang diterapkan dalam rangka menghindarkan                              mechanism implemented in order to prevent the Company
Perusahaan dari dampak merugikan dengan pengaruh                                    from adverse significant impacts on business stability and
signifikan    terhadap     stabilitas         dan         keberlangsungan           sustainability. Based on this understanding, the Company
usaha. Atas dasar pemahaman tersebut, Perusahaan                                    developed an integrated Risk Management System at the
mengembangkan Sistem Manajemen Risiko terintegrasi pada                             corporate level by involving each work unit to ensure risk
level korporasi dengan melibatkan masing-masing satuan                              management can be carried out from an early stage.
kerja, untuk memastikan pengelolaan risiko dapat dilakukan
sejak dini.


Pengembangan Sistem Manajemen Risiko telah menjadi                                  The development of a Risk Management System has become
bagian penting penyusunan strategi jangka panjang SMBR,                             an important part of preparing SMBR's long-term strategy,
yang diterapkan sejalan dengan Peraturan Menteri Badan                              which is implemented in line with Minister of State-Owned
Usaha Milik Negara No. PER-2/MBU/03/2023 Tahun 2023                                 Enterprises Regulation No. PER-2/MBU/03/2023 of 2023




                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja                 Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights           Management Report      Company Profile     Overview on Business Supports




Laporan Direksi
Board of Directors Report



tentang Pedoman Tata Kelola dan Kegiatan Korporasi                                concerning Guidelines for Governance and Significant
Signifikan Badan Usaha Milik Negara. Selain itu, penerapan                        Corporate Activities of State-Owned Enterprises. In addition,
manajemen risiko di lingkungan Perusahaan mengacu pada                            the implementation of risk management within the Company
Pedoman dan Standar Operasional Prosedur (SOP) Penerapan                          refers to the applicable Risk Management Implementation
Manajemen Risiko yang berlaku, sebagai acuan bagi seluruh                         Guidelines and Standard Operating Procedures (SOP), as a
pengelolaan risiko di dalam SMBR.                                                 reference for all risk management within SMBR.


Sebagai    upaya       terus-menerus                  dalam    memperkuat         As a continuous effort to strengthen the implementation
implementasi manajemen risiko, Perusahaan melakukan                               of risk management, the Company carried out regular
evaluasi berkala terhadap perangkat dan penerapan                                 evaluations of the tools and implementation of the Risk
Sistem    Manajemen         Risiko.        Perusahaan          menerapkan         Management System. The Company implements monitoring
monitoring terhadap profil risiko melalui penyusunan secara                       of risk profiles through comprehensive development of
komprehensif pada proses bisnis di setiap unit kerja. Hal                         business processes in each work unit. This was done
tersebut dilakukan melalui proses pemantauan risiko yang                          through a risk monitoring process followed by a continuous
diikuti proses komunikasi dan koordinasi berkesinambungan                         communication and coordination process to ensure the
guna memastikan efektivitas pelaksanaan mitigasi risiko                           effectiveness of risk mitigation implementation and follow-
serta tindak lanjut telah dilakukan dengan baik sesuai                            up actions have been carried out properly according to the
rencana kerja yang ditetapkan, dalam rangka meminimalisasi                        established work plan, in order to minimize and control the
dan pengendalian potensi risiko Perusahaan.                                       Company's potential risks.


Di tahun 2023, Pengukuran tingkat kematangan penerapan                            In 2023, measuring the level of maturity in the implementation
Manajemen Risiko yang mencakup 5 (lima) komponen                                  of Risk Management which includes 5 (five) measurement
pengukuran, yaitu Tata Kelola, Perencanaan, Pelaksanaan                           components, namely Governance, Planning, Implementation
Tahapan, Pemantauan dan Evaluasi serta Budaya Risiko                              of Stages, Monitoring and Evaluation and Risk Culture
masih mengacu pada hasil pengukuran di tahun 2022, dimana                         referred to the measurement results in 2022, of which the
perusahaan memperoleh predikat Transformed dengan                                 Company received the title Transformed with achievements
capaian skor 4,22 dari nilai maksimal 5.                                          score 4.22 out of a maximum score of 5.


PENERAPAN WHISTLEBLOWING SYSTEM                                                   IMPLEMENTATION OF THE WHISTLEBLOWING
                                                                                  SYSTEM
Semen Baturaja meyakini bahwa implementasi tata kelola                            Semen Baturaja believes that the implementation of good
perusahaan yang baik dapat terlaksana, tidak melalui                              corporate governance can be carried out, not only through
dukungan pihak internal tetapi juga atas dukungan pihak                           the support of internal parties but also with the support
eksternal. Atas dasar keyakinan tersebut, Perusahaan terus-                       of external parties. Based on this belief, the Company
menerus menerapkan pelibatan pemangku kepentingan                                 continuously involves stakeholder in supervising SMBR's
dalam melakukan pengawasan terhadap kegiatan usaha                                business activities and business processes. The Company
dan proses bisnis SMBR. Perusahaan menyediakan media                              provides Whistleblowing System (WBS) in the form of letters,
pelaporan pelanggaran atau Whistleblowing System (WBS)                            electronic mail and websites that can be accessed by
berupa surat, surat elektronik dan situs web yang dapat                           stakeholders to convey early information regarding suspected
diakses oleh pemangku kepentingan dalam menyampaikan                              violations committed by the Company's management or
informasi dini terkait adanya dugaan pelanggaran yang                             employees, including employees of SMBR subsidiaries.
dilakukan oleh pengurus atau karyawan Perusahaan, termasuk                        Reports submitted through the WBS mechanism were
karyawan anak usaha SMBR. Laporan yang disampaikan                                managed and followed up in accordance with Whistleblowing
melalui mekanisme WBS dikelola dan ditindaklanjuti sesuai                         System No. P/SMBR/GRC/001 dated November 30, 2023.
Prosedur Pelaporan Pelanggaran/Whistleblowing System
No. P/SMBR/GRC/001 tanggal 30 November 2023.



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                     Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis      Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                              Laporan Direksi
                                                                                                    Board of Directors Report



Perusahaan memastikan setiap pelapor mendapatkan                                 The Company ensures that every reporter gets protection
perlindungan baik terhadap kerahasiaan identitas maupun                          both regarding the confidentiality of their identity and
atas kemungkinan tindakan balasan oleh pihak terlapor. Guna                      against possible retaliation by the reported party. In order
mendorong kesadaran mengenai kebijakan dan penerapan                             to encourage awareness regarding WBS policies and
WBS di lingkungan Perusahaan pada setiap tingkatan,                              implementation within the Company at every level, SMBR
SMBR terus berupaya untuk meningkatkan pemahaman dan                             continues to strive to increase understanding and awareness
kepedulian pihak internal dan eksternal, untuk melaporkan                        of internal and external parties to report violations through
tindak pelanggaran melalui media WBS yang ada. Selain itu,                       the existing WBS media. In addition, as an effort to strengthen
sebagai upaya memperkuat efektivitas WBS, Perusahaan                             the effectiveness of WBS, the Company regularly holds
secara berkala mengadakan sosialisasi terkait WBS melalui                        dissemination related to WBS through various media within
berbagai media yang tersedia di internal Perusahaan.                             the Company's internal.


TATA KELOLA TANGGUNG JAWAB SOSIAL DAN                                            SOCIAL AND ENVIRONMENTAL RESPONSIBILITY
LINGKUNGAN                                                                       GOVERNANCE
Direksi telah memastikan bahwa program tanggung jawab                            The Board of Directors has ensured that the Company's
sosial Perusahaan telah diterapkan secara efektif. Program                       social responsibility program has been implemented
TJSL sebagai wujud tanggung jawab sosial perusahaan                              effectively. The TJSL program as a form of corporate social
terhadap masyarakat merupakan program yang bertujuan                             responsibility towards community is a program that aims
menciptakan    masyarakat          yang        mandiri.   Kemandirian            to create an independent community. The independence of
masyarakat yang tinggal di sekitar wilayah perusahaan                            the people living around a company’s area is a support for
merupakan penopang keberlangsungan sebuah perusahaan.                            the sustainability of a company. As such, the TJSL program
Oleh karena itu, program TJSL yang dilakukan merupakan                           carried out is a form of the Company's commitment to building
wujud komitmen Perusahaan untuk membangun masyarakat                             a community that is more independent. Corporate social
untuk semakin mandiri. Tanggung jawab sosial Perusahaan                          responsibility is carried out regularly through Corporate
dilaksanakan secara berkala melalui kegiatan Corporate                           Social Responsibility (CSR) activities and the TJSL program,
Social Responsibility (CSR) dan program TJSL, terlihat pada                      as seen in the Company's activity plans and the Company's
rencana kegiatan perusahaan dan laporan kegiatan tahunan                         annual activity report.
Perusahaan.


Program TJSL SMBR dilaksanakan dengan mengacu pada 4                             The SMBR TJSL program is implemented with reference
(empat) pilar utama TJSL BUMN, yaitu Pilar Pembangunan                           to the 4 (four) main pillars of SOEs TJSL, namely the Social
Sosial, Pilar Pembangunan Ekonomi, Pilar Pembangunan                             Development Pillar, the Economic Development Pillar,
Lingkungan, serta Pilar Pembangunan Hukum dan Tata Kelola,                       the Environmental Development Pillar, and the Legal and
yang mencakup 17 Tujuan Pembangunan Berkelanjutan,                               Governance Development Pillar, which includes 17 Sustainable
yaitu (1) Tanpa Kemiskinan; (2) Tanpa Kelaparan; (3)                             Development Goals, namely (1) No Poverty ; (2) No Hunger;
Kehidupan Sehat dan Sejahtera; (4) Pendidikan Berkualitas;                       (3) Healthy and Prosperous Life; (4) Quality Education; (5)
(5) Kesetaraan Gender; (6) Air Bersih dan Sanitasi Layak;                        Gender Equality; (6) Clean Water and Adequate Sanitation; (7)
(7) Energi Bersih dan Terjangkau; (8) Pekerjaan Layak dan                        Clean and Affordable Energy; (8) Decent Work and Economic
Pertumbuhan Ekonomi; (9) Industri, Inovasi, dan Infrastruktur;                   Growth; (9) Industry, Innovation and Infrastructure; (10)
(10) Berkurangnya Kesenjangan; (11) Kota dan Permukiman                          Reducing Inequality; (11) Sustainable Cities and Settlements;
yang Berkelanjutan; (12) Konsumsi dan Produksi yang                              (12) Responsible Consumption and Production; (13) Handling
Bertanggung Jawab; (13) Penanganan Perubahan Iklim; (14)                         Climate Change; (14) Ocean Ecosystem; (15) Land Ecosystem;
Ekosistem Lautan; (15) Ekosistem Daratan; (16) Perdamaian,                       (16) Peace, Justice and Strong Institutions; (17) Partnership to
Keadilan dan Kelembagaan yang Tangguh; (17) Kemitraan                            Achieve Goals.
untuk Mencapai Tujuan.




                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
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                        Ikhtisar Kinerja             Laporan Manajemen          Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                        Performance Highlights       Management Report          Company Profile     Overview on Business Supports




Laporan Direksi
Board of Directors Report




                                1. SUHERMAN YAHYA                  2. MUHAMMAD SYAFITRI              3. RAHMAT HIDAYAT
                                     Direktur Utama                      Direktur (Fungsi                Direktur (Fungsi Keuangan dan SDM)
                                     President Director                  Operasi)                        Director (Finance and HR Department)
                                                                         Director of Operation




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                    Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis        Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                                Laporan Direksi
                                                                                                      Board of Directors Report



Pencapaian penerapan TJSL Perusahaan pada 2023                                    The Company's achievement of TJSL implementation in
tercermin pada realisasi penyaluran dana yang sebesar Rp3,9                       2023 is reflected in the realization of disbursement of
miliar, memperlihatkan peningkatan dibanding realisasi                            funds amounting to Rp3.9 billion, an increase compared
tahun sebelumnya yang sebesar Rp2,65 miliar. Penyaluran                           to realization in the previous year of Rp2.65 billion. The
dana pada 2023 tersebut sekaligus menunjukkan pemenuhan                           distribution of funds in 2023 also met the work plan and
terhadap rencana kerja dan anggaran dengan persentase                             budget with a percentage of 110%.
110%.


PENCIPTAAN HUBUNGAN BERKELANJUTAN DENGAN                                          CREATION OF SUSTAINABLE RELATIONS WITH
PEMANGKU KEPENTINGAN                                                              STAKEHOLDERS
Sebagai pemenuhan tanggung jawab perusahaan, SMBR                                 As a fulfillment of corporate responsibility, SMBR continuously
terus-menerus     memelihara          hubungan           harmonis      dan        maintains harmonious and sustainable relations with
berkelanjutan bersama pemangku kepentingan. Penciptaan                            stakeholders. The creation of harmonious and sustainable
hubungan harmonis dan berkelanjutan tersebut dilaksanakan                         relations is carried out through proper mapping and
melalui pemetaan dan pelaksanaan TJSL sesuai ketentuan                            implementation of TJSL in accordance with the provisions
yang berlaku bagi BUMN secara baik, khususnya bagi                                that apply to SOEs, especially for the Ring 1 community in the
masyarakat ring 1 area operasional Perusahaan sebagai                             Company's operational area as stakeholders with a significant
pemangku kepentingan dengan dampak signifikan bagi                                impact on Semen Baturaja.
Semen Baturaja.


Penciptaan hubungan berkelanjutan dengan pemangku                                 Creating sustainable relationships with stakeholders is part
kepentingan merupakan bagian dari komitmen penuh                                  of the Company's full commitment to carrying out operational
Perusahaan dalam melaksanakan aktivitas operasional                               activities as well as possible. This is implemented through
sebaik-baiknya. Hal ini dilaksanakan melalui pengelolaan                          optimal management of operational impacts and continuous
optimal terhadap dampak operasi serta upaya terus-menerus                         efforts to provide benefits through the SOEs TJSL program.
menghadirkan manfaat melalui program TJSL BUMN. Sebagai                           As a positive return for all the efforts that have been made, all
timbal balik positif dari seluruh upaya yang telah dilakukan,                     issues or conflicts occurred between Semen Baturaja and the
permasalahan ataupun konflik yang terjadi antara Semen                            community throughout 2023 can be managed and followed-
Baturaja dengan masyarakat selama 2023 dapat ditangani                            up appropriately.
dan ditindaklanjuti dengan baik.


Sejalan dengan itu, Perusahaan menyediakan saluran                                In line with this, the Company provides a communication
komunikasi bagi masyarakat untuk menyampaikan pengaduan                           channel for the public to submit complaints through a
dan keluhan melalui sistem pengaduan yang dikelola di                             complaint system which is managed under the responsibility
bawah tanggung jawab Unit of Secretarial & Stakeholder                            of the Secretarial & Stakeholder Management Unit.
Management.


DAMPAK POSITIF ATAS PELAKSANAAN PROGRAM TJSL                                      POSITIVE IMPACT ON IMPLEMENTATION OF THE TJSL
                                                                                  PROGRAM
Program    TJSL   Semen        Baturaja          sekaligus    diarahkan           Semen Baturaja's TJSL program is also directed as a form of
sebagai wujud dukungan bagi pencapaian Sustainable                                support for achieving Sustainable Development Goals (SDGs),
Development Goals (SDGs), di samping sebagai upaya                                as well as supporting efforts to achieve the Company's core
dukungan bagi pencapaian kinerja bisnis inti Perusahaan.                          business performance. In order to maximize the positive
Guna memaksimalkan dampak positif kegiatan TJSL,                                  impact of TJSL activities, the Company initiated a program




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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Laporan Direksi
Board of Directors Report



Perusahaan menginisiasi program berdasarkan analisis                          based on an analysis of community conditions by considering
atas kondisi masyarakat dengan mempertimbangkan isu-                          relevant issues that have a significant impact on economic,
isu relevan dan berdampak signifikan pada aspek ekonomi,                      social, and environmental aspects. The Company's TJSL
sosial, dan lingkungan. Program TJSL Perusahaan secara                        program is specifically aimed at providing a balance point
khusus ditujukan guna menghadirkan titik keseimbangan                         between fulfilling the Company's economic performance
antara pemenuhan kinerja ekonomi Perusahaan dengan                            and contributing to social and community development.
kontribusi pengembangan sosial-masyarakat. Lebih dari                         Moreover, the entire TJSL program of Semen Baturaja is a
itu, seluruh program TJSL Semen Baturaja merupakan                            sustainable effort to provide reciprocity and positive shared
upaya berkelanjutan menghadirkan timbal balik atau shared                     value for the Company's long-term business development.
value positif bagi pengembangan usaha jangka panjang
Perusahaan.


Seiring hal itu, Semen Baturaja menerapkan program                            In line with this, Semen Baturaja implemented a Corporate
Corporate Social Responsibility (CSR) dengan mengadopsi                       Social Responsibility (CSR) program by adopting the pattern
pola yang dikembangkan dalam ISO 26000 tentang Panduan                        developed in ISO 26000 concerning Guidance on Social
Tanggung Jawab Sosial (Guidance on Social Responsibility)                     Responsibility which is implemented in line with the 17
yang dilaksanakan selaras dengan 17 Tujuan Pembangunan                        Sustainable Development Goals/SDGs. Among other forms of
Berkelanjutan/SDGs. Di antara wujud dukungan bagi SDGs,                       support for the SDGs, SMBR contributes to the achievement
SMBR berkontribusi dalam pencapaian TPB 8 (Pekerjaan Layak                    of SDG 8 (Decent Work and Economic Growth) by distributing
dan Pertumbuhan Ekonomi) dengan penyaluran program-                           of support programs for Micro and Small Enterprises (MSEs)
program dukungan bagi Usaha Mikro dan Kecil (UMK) melalui                     through training to increase their capabilities, in addition to
Rumah BUMN Baturaja. Program tersebut dilaksanakan                            involving MSEs through Rumah BUMN Baturaja. These are
dengan    memberikan          pelatihan           untuk   meningkatkan        carried out by providing training to improve their skills, in
kemampuan serta mengikutsertakan pelaku UMK dalam                             addition to encouraging the MSEs actors to participate in
berbagai penyelenggaraan pameran sebagai ajang promosi.                       various exhibitions as promotional events. The company has
Perusahaan juga telah berkontribusi bagi pencapaian                           also contributed to achieving SDG 4 (Quality Education) by
TPB 4 (Pendidikan Berkualitas) dengan memberikan bantuan                      providing educational resources, including the distribution of
pendidikan, mencakup penyaluran dana serta bantuan                            education funds as well as assistance in improving facilities
perbaikan sarana dan prasarana pendidikan, yang diharapkan                    and infrastructure, which is expected to support community
dapat mendukung kegiatan belajar-mengajar masyarakat                          teaching and learning activities to produce maximum results.
agar memberikan hasil yang maksimal.


Adapun penjelasan terperinci mengenai Program Tanggung                        A detailed information on the Corporate Social and
Jawab Sosial dan Lingkungan (TJSL) Perusahaan sepanjang                       Environmental Responsibility (CSER) Program throughout
tahun 2023, disampaikan secara terpisah pada Laporan                          2023 is presented separately in the Sustainability Report.
Keberlanjutan (Sustainability Report).




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                        Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis        Good Corporate Governance                   Corporate Social and Environmental Responsibility




                                                                                                                            Laporan Direksi
                                                                                                                  Board of Directors Report



PENILAIAN ATAS KINERJA KOMITE DI BAWAH                                                ASSESSMENT OF THE PERFORMANCE OF
DIREKSI                                                                               COMMITTEES UNDER THE BOARD OF DIRECTORS
Sampai dengan 31 Desember 2023, Direksi tidak memiliki                                As of December 31, 2023, the Board of Directors did not have a
komite pendukung Direksi. Hal itu telah sesuai dengan                                 Board of Directors supporting committee in accordance with
kebutuhan Perusahaan. Pelaksanaan tugas dan tanggung                                  the Company's needs. The implementation of the duties and
jawab Direksi didukung oleh unit-unit kerja yang dipimpin                             responsibilities of the Board of Directors is supported by work
oleh Vice President dan organ fungsional lainnya, antara                              units led by the Vice President and other functional organs,
lain Department of Internal Audit, Department of Corporate                            including the Department of Internal Audit, Department of
Secretary, dan Department of Risk Management. Dalam                                   Corporate Secretary, and Department of Risk Management.
rangka mendukung penerapan tata kelola yang baik,                                     In order to support the implementation of good governance,
Perusahaan melakukan penilaian secara periodik terhadap                               the Company carries out periodic assessments of the
efektivitas kinerja masing-masing Unit Kerja di bawah Direksi,                        effectiveness of the performance of each Work Unit under
berdasarkan pencapaian Key Performance Indicator (KPI) yang                           the Board of Directors, based on the achievement of the Key
ditetapkan di awal tahun. Pembahasan lebih lanjut mengenai                            Performance Indicators (KPI) determined at the beginning
hal tersebut dapat dilihat pada bab Tata Kelola Perusahaan.                           of the year. Further discussion regarding this matter can be
                                                                                      seen in the Good Corporate Governance chapter.


PERUBAHAN KOMPOSISI ANGGOTA DIREKSI                                                   CHANGES IN THE COMPOSITION OF MEMBERS OF
                                                                                      THE BOARD OF DIRECTORS
Di tahun 2023, terdapat perubahan susunan dan komposisi                               In 2023, there were changes to the composition of the Board
Direksi berdasarkan Keputusan Rapat Umum Pemegang                                     of Directors based on the Resolutions of the Extraordinary
Saham (RUPS) Luar Biasa dan Tahunan. Perubahan komposisi                              and Annual General Meeting of Shareholders (GMS). Changes
Direksi terjadi berdasarkan hasil keputusan RUPS Luar Biasa                           in the composition of the Board of Directors occurred based
pada tanggal 24 Januari 2023, RUPS Tahunan pada tanggal                               on the results of the decisions of the Extraordinary GMS
08 Mei 2023, dan RUPS Luar Biasa pada tanggal 08 November                             dated January 24, 2023, the Annual GMS dated May 08, 2023,
2023.                                                                                 and the Extraordinary GMS dated November 08, 2023.


Kronologis perubahan komposisi dan susunan Direksi pada                               The chronology of changes in the composition of the Board of
posisi 31 Desember 2023 adalah sebagai berikut:                                       Directors as of December 31, 2023 is as follows:


KRONOLOGI PERUBAHAN KOMPOSISI DIREKSI PADA 2023                                       CHRONOLOGY OF CHANGES IN THE COMPOSITION OF THE
                                                                                      BOARD OF DIRECTORS IN 2023
                                                                                                     Periode 8 November
                           Periode 24 Januari - 8   Periode 8 Mei - 8
  Periode 1 - 24 Januari                                                                             - 31 Desember 2023
                           Mei 2023 / January 24 November 2023 / May                                                                       Keterangan / Description
2023 / January 1- 24, 2023                                                                              / November 8 -
                                - May 8, 2023     8 - November 8, 2023
                                                                                                      December 31, 2023
   Daconi Khotob - Direktur       Daconi Khotob - Direktur     Daconi Khotob - Direktur                       -                        Tidak lagi menjabat dalam jajaran
  Utama / President Director         Utama / President            Utama / President                                                   Direksi sejak 8 November 2023 / No
                                          Director                     Director                                                     longer serving since November 8, 2023
  Suherman Yahya - Direktur            Suherman Yahya             Suherman Yahya -                     Suherman Yahya                 Alih jabatan menjadi Direktur Utama
 Produksi dan Pengembangan       - Direktur (Fungsi Operasi)   Direktur (Fungsi Operasi)              - Direktur Utama /              sejak 8 November 2023 / Change of
 / Director of Production and       / Director (Operations      / Director (Operations                President Director              position to President Director from
         Development                       Function)                   Function)                                                                November 8, 2023
 Mukhamad Saifudin - Direktur                   -                            -                                -                        Tidak lagi menjabat dalam jajaran
   Pemasaran / Director of                                                                                                             Direksi sejak 24 Januari 2023 / No
        Marketing                                                                                                                    longer serving since January 24, 2023




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                                 Ikhtisar Kinerja               Laporan Manajemen       Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                                 Performance Highlights         Management Report       Company Profile          Overview on Business Supports




Laporan Direksi
Board of Directors Report



                                                                                               Periode 8 November
                           Periode 24 Januari - 8   Periode 8 Mei - 8
  Periode 1 - 24 Januari                                                                       - 31 Desember 2023
                           Mei 2023 / January 24 November 2023 / May                                                               Keterangan / Description
2023 / January 1- 24, 2023                                                                        / November 8 -
                                - May 8, 2023     8 - November 8, 2023
                                                                                                December 31, 2023
  Gatot Mardiana - Direktur                        -                            -                           -                  Tidak lagi menjabat dalam jajaran
 Umum dan SDM / Director of                                                                                                    Direksi sejak 24 Januari 2023 / No
   General Affairs and HR                                                                                                    longer serving since January 24, 2023
 Tubagus M. Dharury - Direktur         Tubagus M. Dharury                       -                           -                   Tidak lagi menjabat dalam jajaran
  Keuangan dan Manajemen                - Direktur (Fungsi                                                                     Direksi sejak 8 Mei 2023 / No longer
  Risiko / Director of Finance        Keuangan dan SDM) /                                                                           serving since May 8, 2023
     and Risk Management            Director (Finance and HR
                                             Function)
                                                                  Rahmat Hidayat - Direktur Rahmat Hidayat - Direktur        Menjabat dalam jajaran Direksi sejak 8
                                                                    (Fungsi Keuangan dan      (Fungsi Keuangan dan           Mei 2023 / Serving since May 8, 2023
                                                                   SDM) / Director (Finance  SDM) / Director (Finance
                                                                           and HR)             and HR Department)
                                                                                                Muhammad Syafitri -           Menjabat dalam jajaran Direksi sejak
                                                                                             Direktur (Fungsi Operasi) /       8 November 2023 / Serving since
                                                                                                Director of Operation                 November 8, 2023



Atas perubahan tersebut komposisi Direksi pada posisi                               Based on these changes, the composition of the Board of
31 Desember 2023 dapat dilihat pada tabel berikut:                                  Directors as of December 31, 2023 can be seen in the following
                                                                                    table:


Komposisi Direksi per 31 Desember 2023                                              Board of Directors Composition as of December 31, 2023
                                                                                                                                                  Periode Jabatan /
   Nama / Name           Jabatan / Position                           Dasar Pengangkatan / Basis of Appointment
                                                                                                                                                    Term of Office
                                                          • Keputusan RUPS Tahunan tanggal 25 Maret 2022 yang dinyatakan
                                                            dalam Akta Notaris Fathiah Helmi, No. 21 tanggal 18 April 2022
                                                            / Decision of the Annual GMS dated March 25, 2022 as stated in
                          Direktur Utama /                  Notarial Deed Fathiah Helmi, No. 21 dated April 18, 2022                              Periode Ke-1 (Satu) /
 Suherman Yahya
                         President Director               • Keputusan RUPSLB tanggal 8 November 2023 yang dinyatakan                                   1st period
                                                            dalam Akta Notaris Aulia Taufani S.H., No. 21 tanggal 8 November
                                                            2023. / EGMS decision dated November 8, 2023 stated in Notarial
                                                            Deed of Aulia Taufani S.H., No. 21 dated November 8, 2023.
                                                          Keputusan RUPSLB tanggal 8 November 2023 yang dinyatakan dalam
                          Direktur (Fungsi
    Muhammad                                              Akta Notaris Aulia Taufani S.H., No. 21 tanggal 8 November 2023. /                      Periode Ke-1 (Satu) /
                        Operasi) / Director of
     Syafitri                                             EGMS decision dated November 8, 2023 stated in Notarial Deed of                              1st period
                             Operation
                                                          Aulia Taufani S.H., No. 21 dated November 8, 2023.
                           Direktur (Fungsi               Keputusan RUPS Tahunan tanggal 8 Mei 2023 yang dinyatakan dalam
                        Keuangan dan SDM) /               Akta Notaris Aryanti Artisari S.H., M.Kn., No. 11 tanggal 8 Mei 2023.                   Periode Ke-1 (Satu) /
  Rahmat Hidayat
                        Director (Finance and             / Decision of the Annual GMS dated May 8, 2023 as stated in Notary                           1st period
                           HR Department)                 Deed Aryanti Artisari S.H., M.Kn., No. 11 dated May 8, 2023.


Kemudian, pada rentang 31 Desember 2023 sampai dengan                               By December 31, 2023 up to the time this Annual Report was
Laporan     Tahunan       ini      ditandatangani,            tidak    terdapat     signed, there were no changes on the composition of the
perubahan komposisi anggota Direksi.                                                Board of Directors members.




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                    Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis   Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                          Laporan Direksi
                                                                                                Board of Directors Report



APRESIASI                                                                    APPRECIATION
Direksi memahami bahwa pencapaian kinerja SMBR sampai                        The Board of Directors is aware that SMBR's performance
dengan 2023 tidak dapat terlaksana tanpa dukungan dan                        achievements as of 2023 cannot be achieved without the
kepercayaan dari pemegang saham dan segenap pemangku                         support and trust of shareholders and all stakeholders. For
kepentingan. Atas hal itu, kami menyampaikan terima kasih                    this, we extend our deep gratitude to PT Semen Indonesia
yang mendalam kepada PT Semen Indonesia (Persero) Tbk                        Tbk (Persero) as the parent company and are optimistic that
selaku perusahaan induk dan optimistis sinergi Holding SIG                   Holding SIG's synergy can continue to be improved as an
dapat terus ditingkatkan sebagai upaya penciptaan value bagi                 effort to create value for all stakeholders.
segenap pemangku kepentingan.


Kami mengucapkan terima kasih kepada Dewan Komisaris,                        We would like to express our gratitude to the Board of
atas kerja sama dan dukungan yang diberikan melalui praktik                  Commissioners for the cooperation and support provided
pengawasan dan pemberian nasihat atas pengelolaan                            through supervisory practices and providing advice on the
Perusahaan. Atas loyalitas dan kerja keras yang telah                        management of the Company. For their loyalty and hard work
berperan penting bagi pencapaian kinerja SMBR pada 2023,                     which have played an important role in achieving SMBR's
Direksi mengucapkan terima kasih dan apresiasi kepada                        performance in 2023, the Board of Directors would like to
seluruh karyawan Semen Baturaja.                                             express our gratitude and appreciation to all Semen Baturaja
                                                                             employees.


Direksi optimistis seluruh pencapaian kinerja SMBR sampai                    The Board of Directors is optimistic that all SMBR
dengan 2023 akan dapat dipertahankan pada tahun-tahun                        performance achievements up to 2023 will be maintained in
mendatang, seiring penguatan sinergi di antara seluruh unsur                 the coming years, along with strengthening synergy between
internal Semen Baturaja. Selaras hal itu, Direksi optimistis,                all internal elements of Semen Baturaja. In line with this, the
kerja sama strategis di dalam SIG akan mampu membawa                         Board of Directors is optimistic that strategic cooperation
Perusahaan menghadirkan kontribusi yang kuat bagi                            within SIG will be able to bring the Company to make a strong
percepatan laju pembangunan Indonesia.                                       contribution to accelerating the pace of development in
                                                                             Indonesia.




                                                         Jakarta, 23 April 2024
                                                         Jakarta, April 23, 2024
                                                         PT Semen Baturaja Tbk




                                                         SUHERMAN YAHYA
                                                             Direktur Utama
                                                           President Director




                                                                                                   2023 Annual Report ∙ PT Semen Baturaja Tbk
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03
Page 91
Profil Perusahaan
    Company Profile
Page 92
                        Ikhtisar Kinerja             Laporan Manajemen    Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                        Performance Highlights       Management Report    Company Profile          Overview on Business Supports




Identitas dan Informasi Umum Perusahaan
Corporate Identity and General Information


                                                                                              NAMA PERUSAHAAN                       ENTITAS ANAK
                                                                                              Company Name                          Subsidiary
                                                                                              PT Semen Baturaja Tbk                 PT Baturaja Multi Usaha




                                                                                              TANGGAL PENDIRIAN
                                                                                              Date of Establishment
                                                                                              14 November 1974. /
                                                                                              November 14, 1974
                                                                                                                                    KODE SAHAM
                                                                                                                                    Stock Code
                                                                                              BIDANG USAHA                          SMBR
                                                                                              Line of Business
                                                                                              Persemenan dan
                                                                                              industri kimia dasar
                                                                                              lainnya. / In the field
                                                                                              of cement production
                                                                                              and in other basic                    PENCATATAN SAHAM DI
                                                                                              chemical industry.                    BURSA SAHAM
                                                                                                                                    Shares Listing on Stock
                                                                                                                                    Exchange
                                                                                              DASAR HUKUM                           Bursa Efek Indonesia (BEI),
                                                                                              PENDIRIAN                             2013 / Indonesia Stock
                                                                                              Legal Basis of                        Exchange (IDX), 2013
                                                                                              Establishment

                                                                            Akta No. 34 tanggal 14 November 1974, yang dibuat di hadapan
                                                                            Jony Frederik Berthold Tumbelaka Sinjal, S.H., Notaris,
                                                                            di Jakarta, yang telah diubah dengan Akta No. 49 tanggal
                                                                            21 November 1974, yang dibuat dihadapan Notaris yang sama.
                                                                            Akta-akta ini telah disetujui oleh Menteri Kehakiman Republik
                                                                            Indonesia dengan No. Y.A5/422/18 tanggal 22 November 1974,
                                                                            dan telah didaftarkan di Pengadilan Negeri Palembang dengan
                                                                            No. 376/1974 tanggal 22 November 1974 serta diumumkan
                                                                            dalam tambahan No. 15 pada Berita Negara No. 2 tanggal
                                                                            7 Januari 1975. / Deed No. 34 dated November 14, 1974, formed through
                                                                            Notarial Deed of Jony Frederik Berthold Tumbelaka Sinjal, S.H., Notary,
                                                                            in Jakarta, which was amended by Deed No. 49 dated November 21,
                                                                            1974, made before the same Notary. These deeds have been approved
                                                                            by the Minister of Justice of the Republic of Indonesia with No.
                                                                            Y.A5/422/18 dated November 22, 1974, and has been registered at the
                                                                            Palembang District Court with No. 376/1974 dated November 22, 1974
                                                                            and announced in Supplement No. 15 in State Gazette No. 2 of January
                                                                            7, 1975.



                                  Surat Elektronik                       Hubungan Investor                            Media Sosial
                                  E-mail                                 Investor Relation                            Social Media
                                         corsec.smbr@sig.id              Investor Relation Officer                            ptsb.tbk.official
                                                                               0711-511261 ext. 1510                          @ptsb_tbk
 AKSES INFORMASI                                                               ir.smbr@sig.id                                 @pt.semenbaturaja
                                  Website Perusahaan
 PERUSAHAAN                       Company Website                                                                             SemenBaturajaTbk
 Corporate
 Information and                         www.semenbaturaja.co.id                                                              PT Semen Baturaja Tbk
 Access




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                            Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                            Management Discussion and Analysis        Good Corporate Governance                   Corporate Social and Environmental Responsibility




                                                                      Identitas dan Informasi Umum Perusahaan
                                                                     Corporate Identity and General Information




              ALAMAT KANTOR DAN PABRIK
              Office and Plant Address

Kantor Pusat & Pabrik / Head Office and Plant
Jl. Abikusno Cokrosuyoso Kertapati Palembang - 30258.                                                    MODAL DASAR
P.O. Box 1175 Palembang – 30001                                                                          Authorized Capital
Telepon/Phone : (62) 711 - 511261 (Hunting)
Fax		            : (62) 711 – 512126
                                                                                                         Rp3.000.000.000.000,-
Kantor Perwakilan Jakarta / Jakarta Representative Office
Gedung Graha Irama Lt.9 Ruang B dan C /
Graha Irama Building, 9th Floor, Rooms B and C                                                           MODAL DITEMPATKAN DAN DISETOR PENUH
Jl. H. R. Rasuna Said Kav. 10 Jakarta 12950 Indonesia                                                    Issued and Fully Paid-In Capital
Telepon/Phone : (62) 21 – 5261113/5261114
Fax		            : (62) 21 – 5261411                                                                     Rp993.253.433.600,-
Pabrik Baturaja / Baturaja Plant
Jl. Raya Tiga Gajah Baturaja Ogan Komering Ulu, Sumatra Selatan /
South Sumatra - 32117
Telepon/Phone : (62) 735-320344/320366/320368
Fax		            : (62) 735-320367

Pabrik Panjang / Panjang Plant
Jl. Yos Sudarso KM 7 Panjang Bandar Lampung 35243
Telepon/Phone : (62) 721-31718/31818/31538
Fax		            : (62) 721-31343                                                                        KEPEMILIKAN SAHAM
                                                                                                         Shareholding




880
                                                                                                         Kepemilikan Saham Perusahaan per 31 Desember
              JUMLAH KARYAWAN                                                                            2023: / Company Shareholding as of December 31,
              Number of Employees                                                                        2023:

                                                                                                         Saham Seri A (Dwiwarna) / Series A Shares
                                                                                                         (Dwiwarna)
                                                                                                         • Pemerintah Republik Indonesia (1 Lembar) /
                                                                                                           Government of the Republic of Indonesia (1 Sheet)

                                                                                                         Saham Seri B / Series B Shares
                                                                                                         • PT Semen Indonesia (Persero) Tbk (75,51%)
                                                                                                         • PT Asuransi Jiwa IFG (7,89%)

                                                                                                         Kelompok Pemegang Saham Masyarakat < 5%
                                                                                                         (16,60%) / Public < 5% (16,60%)

                                                                 Orang / Employees




                                            Surat Elektronik                                Surat
                                            E-mail                                          Mail
                                                   wbs.smbr@sig.id                          Surat dengan menuliskan kode WBS pada bagian luar amplop
                                                                                            surat yang ditujukan kepada: / Letters by writing the WBS code
                                                                                            on the outside of the letter envelope addressed to:
AKSES WHISTLEBLOWING                        Website Perusahaan
SYSTEM (WBS) PERUSAHAAN                                                                     VP of Corporate Secretary
                                            Company Website                                 PT Semen Baturaja Tbk
Corporate WBS Access
                                                   wbs.semenbaturaja.co.id                  Jl. Abikusno Cokrosuyoso, Kertapati Palembang,
                                                                                            Sumatra Selatan, 30258




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                               Performance Highlights       Management Report    Company Profile     Overview on Business Supports




Riwayat Singkat Perusahaan
Brief History of the Company

PT Semen Baturaja Tbk atau disebut                      PT Semen Baturaja Tbk or also known as
juga dengan “Perusahaan”, didirikan                     the “Company”, was established based
berdasarkan Akta No. 34 tanggal 14                      on Deed No. 34 dated November 14,
November 1974, yang dibuat di hadapan                   1974, formed through of Jony Frederik
Jony    Frederik      Berthold       Tumbelaka          Berthold Tumbelaka Sinjal, S.H., Notary,
Sinjal, S.H., Notaris, di Jakarta, yang                 in Jakarta, which has been amended by
telah diubah dengan Akta No. 49                         Deed No. 49 dated November 21, 1974,
tanggal 21 November 1974, yang dibuat                   formed through the same Notary.
dihadapan Notaris yang sama.


Akta-akta      ini   telah     disetujui         oleh   These deeds were approved by the
Menteri Kehakiman Republik Indonesia                    Minister of Justice of the Republic of
dengan No. Y.A5/422/18 tanggal 22                       Indonesia with No. Y.A5/422/18 dated
November 1974, dan telah didaftarkan                    November 22, 1974, and were registered
di Pengadilan Negeri Palembang dengan                   at the Palembang District Court with No.
No. 376/1974 tanggal 22 November 1974                   376/1974 on the same date. They were
serta diumumkan dalam tambahan No.                      announced in Supplement No. 15 of the
15 pada Berita Negara No. 2 tanggal 7                   State Gazette on January 7, 1975.
Januari 1975.


Pada awal mula pendirian, kepemilikan                   At the onset of its establishment, the
saham Perusahaan terdiri dari PT Semen                  Company’s shareholding consisted of
Padang (Persero) sebesar 55,00% dan                     55.00% PT Semen Padang (Persero) and
PT Semen Gresik (Persero) sebesar                       45.00% PT Semen Gresik (Persero). After
45,00%. Kemudian setelah 5 (lima) tahun                 five years of establishment, on November
berdiri atau tepatnya pada 09 November                  9, 1979, the composition of shareholding
1979,   terjadi      perubahan         komposisi        changed to 88.00% of the Government
kepemilikan saham, menjadi 88,00%                       of the Republic of Indonesia, 7.00% of PT
Pemerintah Republik Indonesia, 7,00%                    Semen Gresik (Persero), and 5.00% of PT
PT Semen Gresik (Persero) dan 5,00% PT                  Semen Padang (Persero). This change
Semen Padang (Persero). Berdasarkan                     led to the Company’s status changing
perubahan komposisi saham tersebut,                     from PT Semen Baturaja to PT Semen
terjadi perubahan status Perusahaan dari                Baturaja (Persero) on August 19, 1980. On
PT Semen Baturaja menjadi PT Semen                      October 15, 1991, the Government of the
Baturaja (Persero) pada 19 Agustus                      Republic of Indonesia took over all of the
1980. Kemudian, pada 15 Oktober 1991,                   Company’s shares.
seluruh saham Perusahaan diambil alih
secara penuh oleh Pemerintah Republik
Indonesia.




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         Management Discussion and Analysis   Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                  Riwayat Singkat Perusahaan
                                                                                 Brief History of the Company




Perusahaan memiliki lini bisnis yang terdiri dari produksi terak dan semen.
Adapun produksi terak dihasilkan di pusat produksi yang terletak di
Baturaja, Sumatra Selatan.
The Company’s business line consists of clinker and cement production. The
production of clinker is carried out at the production center located in Baturaja,
South Sumatra,




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                               Performance Highlights       Management Report      Company Profile      Overview on Business Supports




Riwayat Singkat Perusahaan
Brief History of the Company


Perusahaan memiliki lini bisnis yang terdiri dari produksi                      The Company’s business line consists of clinker and cement
terak dan semen. Adapun produksi terak dihasilkan di                            production. The production of clinker is carried out at the
pusat produksi yang terletak di Baturaja, Sumatra Selatan.                      production center located in Baturaja, South Sumatra,
Sementara lokasi penggilingan dan pengantongan semen                            while the cement milling and packing locations are situated
terletak di Pabrik Baturaja, Pabrik Palembang dan Pabrik                        at the Baturaja Plant, Palembang Plant, and Panjang Plant.
Panjang. Bahan baku produk semen Perusahaan berupa                              The raw materials for the Company’s cement products,
batu kapur dan tanah liat yang didapatkan dari lokasi                           namely limestone and clay, are obtained from the Company’s
pertambangan batu kapur dan tanah liat milik Perusahaan                         limestone and clay mining sites located approximately 1.2
yang berlokasi sekitar 1,2 km dari pabrik di Baturaja. Seiring                  km from the factory in Baturaja. As the Company’s business
dengan perkembangan usahanya, Perusahaan meningkatkan                           developed, it invested in equipment in 1992 to increase its
kapasitas terpasang hingga 500.000 ton semen per tahun                          installed capacity to 500,000 tons of cement per year. At the
melalui investasi peralatan pada tahun 1992. Di saat yang                       same time, the Company also carried out the Optimization
sama, Perusahaan juga menjalankan Proyek Optimalisasi I                         I Project (OPT I) with a construction period of 2 (two) years,
(OPT I) dengan masa pembangunan selama 2 (dua) tahun,                           resulting in an increase in the installed capacity to 550,000
sehingga kapasitas terpasang menjadi 550.000 ton semen                          tons of cement per year.
per tahun.


Keberhasilan OPT I memberikan banyak kemajuan dan                               The success of OPT I brought significant progress and insights
masukan untuk eskalasi bisnis Perusahaan. Untuk itu, pada                       for the Company’s business expansion. Consequently, in 1996,
tahun 1996, Perusahaan melaksanakan proyek lanjutan                             the Company launched the follow-up project, Optimization II
Optimalisasi II (OPT II) dengan target peningkatan kapasitas                    (OPT II), with the goal of increasing the capacity by 1,25 million
sebesar 1,25 juta ton semen per tahun. OPT II berhasil                          tons of cement per year. OPT II was completed successfully in
diselesaikan pada tahun 2001 dan terus aktif berproduksi                        2001 and is still actively producing today.
hingga saat ini.


Perusahaan terus melakukan pengembangan organisasi dan                          The Company continued to develop its organization and
visi strategis, yang berujung pada diterbitkannya obligasi                      strategic vision, which led to the issuance of bonds worth
I senilai Rp200 miliar. Kewajiban melunasi pinjaman untuk                       Rp200 billion. The loan obligation for the implementation of
pelaksanaan obligasi ini telah dilunasi pada Juni 2010. Emisi                   this bond was repaid in June 2010. The successful issuance
obligasi ini berhasil menjadi batu loncatan restrukturisasi                     of this bond became a stepping stone for the overall financial
keuangan secara keseluruhan sehingga Perusahaan dapat                           restructuring, which enabled the Company to increase its
meningkatkan profitabilitas dan likuiditasnya. Berdasarkan                      profitability and liquidity. As a result, the Company gained
kondisi tersebut, Perusahaan meraih kepercayaan untuk                           trust to carry out major and prestigious projects. Moreover,
menggarap proyek-proyek besar dan prestisius. Selain itu,                       in 2011, the Company added production capacity through
Perusahaan juga kembali menambah kapasitas produksi                             the Cement Mill and Packer project, which had a capacity
melalui proyek Cement Mill dan Packer dengan kapasitas                          of 750,000 tons per year. The project started commercial
750.000 ton per tahun, pada 2011, dan beroperasi secara                         operations in July 2013, and the Company’s installed capacity
komersil pada Juli 2013, sehingga kapasitas terpasang                           reached 2 million tons per year.
Perusahaan mencapai 2 juta ton per tahun.


Seiring dengan perkembangan bisnis Perusahaan, pada tahun                       In 2013, along with the Company’s business development,
2013, Perusahaan melakukan aksi korporasi yakni penawaran                       a corporate action was carried out, namely an initial public
saham perdana atau Initial Public Offering (IPO). Aksi korporasi                offering (IPO). This action received an extraordinary response
tersebut, mendapatkan respon yang luar biasa, di tengah                         amidst the Company’s vibrant growth performance. On June
pertumbuhan kinerja Perusahaan yang tengah menggeliat.                          28, 2013, during the IPO, 23.76% or 2,337,678,500 shares of




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                    Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis       Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                 Riwayat Singkat Perusahaan
                                                                                                Brief History of the Company


Pada IPO tanggal 28 Juni 2013, sebanyak 23,76% atau sebesar                      the Company were officially traded on the Indonesia Stock
2.337.678.500 saham Perusahaan resmi diperdagangkan di                           Exchange (IDX) with the stock code SMBR. Additionally, this
Bursa Efek Indonesia (BEI) dengan kode saham SMBR. Aksi                          corporate action changed the status of the company from
korporasi tersebut, sekaligus mengubah status Perusahaan                         PT Semen Baturaja (Persero) to PT Semen Baturaja (Persero)
dari PT Semen Baturaja (Persero) menjadi PT Semen Baturaja                       Tbk.
(Persero) Tbk.


Perusahaan menggunakan dana hasil penawaran umum                                 The Company utilized the funds from the public offering to
untuk membangun pabrik Baturaja II dengan kapasitas 1,85                         construct the Baturaja II Plant, which has an annual capacity
juta ton semen tiap tahunnya. Berdasarkan peningkatan                            of producing 1,85 million tons of cement. With this capacity
kapasitas tersebut, Perusahaan terus berkembang dan                              increase, the Company has become a new force in the
menjadi kekuatan baru di industri semen nasional, dengan                         national cement industry and has gained support not only
dukungan yang tidak hanya berasal dari Pemerintah, namun                         from the Government but also from the wider community.
juga masyarakat luas. Pembangunan Pabrik Baturaja II dimulai                     Construction of the Baturaja II Plant began in 2015, and
pada tahun 2015 dan mulai berproduksi secara komersil pada                       it started commercial production on September 1, 2017,
tanggal 01 September 2017, sehingga total kapasitas produksi                     increasing Semen Baturaja’s total production capacity to
Semen Baturaja menjadi sebesar 3,85 juta ton semen per                           3,85 million tons of cement per year. The construction of the
tahun. Pembangunan Pabrik Baturaja II memakan waktu                              Baturaja II Plant was completed within 26 months, making it
selama 26 bulan, yang merupakan pabrik semen dengan masa                         the fastest-working cement plant in Indonesia.
pengerjaan paling cepat di Indonesia.


Kemudian pada 21 September 2022, Pemerintah menerbitkan                          On September 21, 2022, the Indonesian Government issued
Peraturan Pemerintah Republik lndonesia No. 33 Tahun 2022                        Government Regulation No. 33 of 2022, which stated that
tentang Penambahan Penyertaan Modal Negara Republik                              the Republic of Indonesia’s State Equity Participation would
lndonesia ke Dalam Modal Saham Perusahaan Perseroan                              be added to the Share Capital of PT Semen Indonesia Tbk.
(Persero) PT Semen lndonesia Tbk, yang telah dituangkan                          This regulation was published in the State Gazette of the
dalam Lembaran Negara Republik lndonesia No. 187 Tahun                           Republic of Indonesia No. 187 of 2022. The new regulation
2022. Peraturan Pemerintah ini sekaligus mencabut                                also revoked the previous Government Regulation No. 10 of
Peraturan Pemerintah Republik lndonesia No. 10 Tahun 1978                        1978, which concerned the Investment of the State of the
tentang Penyertaan Modal Negara Republik Indonesia Ke                            Republic of Indonesia in Semen Baturaja Limited Liability
Dalam Perseroan Terbatas Semen Baturaja yang Bergerak                            Company engaged in the Cement Industry. Subsequently, on
di Bidang Industri Semen. Selanjutnya, Kementerian                               October 18, 2022, the Ministry of Finance issued a decree, No.
Keuangan    menerbitkan       Keputusan            Menteri   Keuangan            413/KMK.06/2022, which determined the addition value of
Republik lndonesia No. 413/KMK.06/2022 tanggal 18 Oktober                        the Capital Participation of the Republic of Indonesia into the
2022, tentang Penetapan Nilai Penambahan Penyertaan                              Share Capital of the Company (Persero) PT Semen Indonesia
Modal Negara Republik lndonesia ke Dalam Modal Saham                             Tbk.
Perusahaan Perseroan (Persero) PT Semen lndonesia Tbk.


Diterbitkannya PP No. 33 Tahun 2022 tersebut, yakni dalam                        The issuance of PP No. 33 of 2022 is in line with the 2020-
rangka mendukung Rencana Pembangunan Jangka Menengah                             2024 National Medium Term Development Plan (RPJMN),
Nasional (RPJMN) 2020-2024. Di mana Pemerintah memiliki                          which aims to support Indonesia’s development goals. The
sejumlah agenda dalam rangka pembangunan lndonesia                               Government has several agendas, including ‘strengthening
yang berdampak pada sektor semen, yaitu “memperkuat                              economic resilience for quality growth’ and ‘strengthening
ketahanan ekonomi untuk pertumbuhan yang berkualitas” dan                        infrastructure to support economic development and basic
“memperkuat infrastruktur untuk mendukung pengembangan                           services’, which have an impact on the cement sector.




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                             Ikhtisar Kinerja                Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report      Company Profile       Overview on Business Supports




Riwayat Singkat Perusahaan
Brief History of the Company


ekonomi dan pelayanan dasar”. Dalam hal ini, konsolidasi                         Consolidating the Company into PT Semen Indonesia
Perusahaan ke dalam, diharapkan PT Semen Indonesia                               (Persero) Tbk (“SIG”) is expected to help achieve the 2020-
(Persero) Tbk (“SIG”) dapat membantu mewujudkan agenda                           2024 RPJMN agenda by meeting national and global cement
RPJMN 2020-2024, melalui pemenuhan permintaan semen                              demand, especially in the post-pandemic economic recovery
nasional dan global, seiring dengan pemulihan ekonomi                            period.
pasca pandemi.


Pada 19 Desember 2022, Pemerintah Indonesia resmi                                On December 19, 2022, the Indonesian Government officially
melakukan inbreng saham dengan mengalihkan saham Negara                          carried out a share investment by transferring the shares
Republik Indonesia sejumlah 7.499.999.999 lembar saham                           of the Republic of Indonesia in the amount of 7,499,999,999
Seri B dengan nilai seluruhnya sebesar Rp2.848.672.369.646,-                     Series B shares with a total value of Rp2,848,672,369,646 or
atau mewakili 75,51% dari seluruh modal ditempatkan                              representing 75.51% of the total issued and fully paid capital
dan disetor penuh dalam Perusahaan kepada SIG, melalui                           in Company to SIG, through the signing of Share Transfer
penandatanganan Akta Perjanjian Pengalihan Saham No.                             Agreement Deed No. 15 dated December 19, 2022, made
15 tanggal 19 Desember 2022, yang dibuat di hadapan Aulia                        before Aulia Taufani, S.H., Notary, in Jakarta. The signing
Taufani, S.H., Notaris, di Jakarta. Penandatanganan Akta                         of this Deed resulted in a change in the composition of the
tersebut mengakibatkan berubahnya komposisi kepemilikan                          Company's share ownership, as well as the status and name
saham Perusahaan, serta status dan nama Perusahaan dari                          of the Company from PT Semen Baturaja (Persero) Tbk to PT
PT Semen Baturaja (Persero) Tbk menjadi PT Semen Baturaja                        Semen Baturaja Tbk which was also officially changed based
Tbk yang juga secara resmi berubah berdasarkan keputusan                         on the EGMS decision on January 24, 2023.
RUPSLB 24 Januari 2023.


Dengan adanya integrasi operasional Perusahaan dengan                            The integration of the Company’s operations with SIG is
SIG, diharapkan dapat membuka peluang penciptaan nilai                           expected to create opportunities for synergy value that
sinergi yang dapat membawa Perusahaan menjadi Regional                           can make the Company a Regional National Champion.
National Champion, melalui peningkatan pertumbuhan                               This can be achieved by increasing the growth of cement
ekspor komoditas semen, serta memastikan kelancaran                              commodity exports, ensuring smooth supply and distribution
penyediaan dan distribusi pasokan semen yang memadai                             of adequate cement for national development. The cement
untuk pembangunan nasional. Di mana, industri semen                              industry in Indonesia plays a significant role in infrastructure
di Indonesia, memegang peranan yang cukup penting                                development promoted by the Government to improve the
pada pembangunan infrastruktur yang tengah digalakkan                            national economy. The Company aims to become the leading
oleh   Pemerintah,       untuk      meningkatkan            perekonomian         Green Cement Based Building Material Company in Indonesia,
nasional. Perusahaan senantiasa berupaya untuk menjadi                           committed to providing broad benefits to all stakeholders.
Green Cement Based Building Material Company terdepan                            The    Company’s       contributions           to         national   economic
di   Indonesia,    sebagaimana           visi         Perusahaan,     dengan     development include paying taxes and fees to Central and
senantiasa berkomitmen untuk memberikan manfaat luas                             Regional Governments and creating job opportunities for
kepada seluruh pemangku kepentingan. Perusahaan terus                            local workers, in line with the Company’s developments
berkontribusi dalam pembangunan perekonomian nasional                            and needs. This demonstrates the Company’s support for
untuk kesejahteraan masyarakat. Selain berkontribusi                             Government programs aimed at improving people’s welfare.
kepada Pemerintah Pusat maupun Pemerintah Daerah
melalui pajak dan retribusi, Perusahaan juga senantiasa
membuka lapangan pekerjaan dengan penyerapan tenaga
kerja lokal, sesuai dengan perkembangan dan kebutuhan
Perusahaan. Hal ini sebagai bentuk dukungan Perusahaan
terhadap program Pemerintah dalam rangka meningkatkan
kesejahteraan masyarakat.



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                    Management Discussion and Analysis          Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                                                    Riwayat Singkat Perusahaan
                                                                                                   Brief History of the Company


Perusahaan juga terus berupaya untuk meningkatkan kinerja                           The Company strives to improve its performance by expanding
Perusahaan dengan memperluas skala bisnis dan jaringan                              its business scale and distribution network, reaching a wider
distribusi, agar dapat menjangkau pasar yang lebih luas.                            market. The Company’s primary markets include South
Saat ini, pasar utama Perusahaan adalah wilayah Sumatra                             Sumatra, Lampung, and other regions in Indonesia that show
Selatan, Lampung dan wilayah Indonesia lainnya yang                                 potential for infrastructure development. The Company
prospektif untuk pengembangan infrastruktur. Perusahaan                             also upholds a commitment to implementing sustainability
juga memiliki komitmen untuk menerapkan program                                     programs, such as utilizing waste as an alternative fuel,
keberlanjutan, seperti pemanfaatan limbah sebagai bahan                             reducing carbon energy consumption, and conserving
bakar alternatif, pengurangan konsumsi energi karbon, dan                           biodiversity in production areas.
program konservasi keanekaragaman hayati di area produksi.




Informasi Perubahan Nama dan
Status Perusahaan
Information On Change Of Company Name
And Status

Sejak awal berdiri pada tanggal 14 November 1974, PT Semen                          Since its establishment on November 14, 1974, PT Semen
Baturaja Tbk telah banyak mengalami dan/atau melakukan                              Baturaja Tbk has undergone various changes in name and
perubahan nama dan status Perusahaan. Informasi perubahan                           its Company status. Information on the change of Company’s
nama dan status Perusahaan adalah sebagai berikut:                                  name and status is as follows:


KRONOLOGI PERUBAHAN STATUS PERUSAHAAN                                               CHRONOLOGY OF CHANGES IN COMPANY
                                                                                    STATUS



          1974                                           1980                                      2013                                              2022

   PT Semen Baturaja pada                    PT Semen Baturaja                             PT Semen Baturaja                           PT Semen Baturaja Tbk
     14 November 1974 /                  (Persero) pada 19 Agustus                        (Persero) Tbk pada 14                       pada 19 Desember 2022 /
    PT Semen Baturaja on                  1980 / PT Semen Baturaja                        Maret 2013 / PT Semen                       PT Semen Baturaja Tbk on
      November 14, 1974                 (Persero) on August 19, 1980                     Baturaja (Persero) Tbk on                       December 19, 2022
                                                                                              March 14, 2013




                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
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                       Performance Highlights       Management Report   Company Profile       Overview on Business Supports




Bidang Usaha
Line of Business




                KEGIATAN USAHA BERDASARKAN                                        BUSINESS ACTIVITIES BASED ON THE
                ANGGARAN DASAR PERUSAHAAN                                         COMPANY'S ARTICLES OF ASSOCIATION
                Berdasarkan Pasal 3 Anggaran Dasar Perusahaan                     According to Article 3 of the Company’s Articles of
                yang terakhir diubah dan disahkan melalui Akta                    Association, which was last amended and ratified
                No. 68 tanggal 25 Juni 2021 yang dibuat di hadapan                by Deed No. 68 dated June 25, 2021, formed
                Fathiah Helmi, S.H., Notaris, di Jakarta, maksud                  through Fathiah Helmi, S.H., Notary, in Jakarta,
                dan tujuan Perusahaan adalah melakukan usaha di                   the Company aims to operate in the cement and
                bidang persemenan dan industri kimia dasar lainnya                other basic chemical industries and maximize the
                serta optimalisasi pemanfaatan sumber daya yang                   utilization of its resources. The goal is to produce
                dimiliki Perusahaan. Tujuannya dalam rangka                       high-quality and competitive goods and/or services
                menghasilkan barang dan/atau jasa yang bermutu                    to generate profits and increase the value of the
                tinggi dan berdaya saing kuat untuk mendapat/                     Company while adhering to the principles of a
                mengejar keuntungan guna meningkatkan nilai                       Limited Liability Company.
                Perusahaan dengan prinsip-prinsip Perseroan
                Terbatas.




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                       Management Discussion and Analysis   Good Corporate Governance             Corporate Social and Environmental Responsibility




                                                                                                                                   Bidang Usaha
                                                                                                                                Line of Business



Perusahaan memiliki komitmen untuk mencapai maksud, dan                         The Company’s commitment to achieve the aims and
tujuan tersebut dengan melaksanakan kegiatan usaha utama                        objectives by engaging the following main business activities:
sebagai berikut:
KEGIATAN USAHA UTAMA                                                             MAIN BUSINESS ACTIVITIES
1. Aktivitas penunjang pertambangan dan penggalian                              1. Supporting activities in mining and other excavation;
   lainnya;
2. Industri semen;                                                              2. Cement industry;
3. Industri barang dari semen dan kapur untuk konstruksi;                       3. Manufacturing of cement and lime products for
                                                                                      construction;
4. Industri barang dari semen, kapur, gips dan asbes lainnya;                   4. Manufacturing of cement, lime, gypsum and other
                                                                                      asbestos products;
5. Industri mortar atau beton siap pakai;                                       5. Manufacturing of ready-to-use mortar or concrete;
6. Pertambangan pasir besi;                                                     6. Iron sand mining;
7. Pertambangan bijih besi;                                                     7. Iron ore mining;
8. Penggalian batu kapur/gamping;                                               8. Limestone excavation;
9. Penggalian tanah dan tanah liat;                                             9. Soil and clay excavation;
10. Penggalian tras;                                                            10. Trass excavation;
11. Penggalian batu, pasir dan tanah liat lainnya;                              11. Excavation of stone, sand and other clay;
12. Reparasi mesin untuk keperluan umum;                                        12. Mechanical repair for general purposes;
13. Instalasi/pemasangan mesin dan peralatan industri;                          13. Installation of industrial machinery and equipment;
14. Penelitian dan pengembangan teknologi dan rekayasa;                         14. Research and development in technology and engineering;
15. Analisis dan uji teknis lainnya;                                            15. Analysis and other technical testings;
16. Pergudangan dan penyimpanan;                                                16. Warehouse and storage;
17. Pergudangan dan penyimpanan lainnya;                                        17. Other warehouse and storage;
18. Penyediaan sumber daya manusia dan manajemen fungsi                         18. Provision of human resources and management of human
   sumber daya manusia;                                                               resources functions;
19. Perdagangan besar berbagai macam material bangunan;                         19. Wholesale trade of various building materials;
20. Portal web dan/atau platform digital dengan tujuan                          20. Web portals and/or digital platforms with commercial
   komersial;                                                                         purposes;
21. Perdagangan besar semen, kapur, pasir dan batu;                             21. Wholesale trade of cement, lime, sand and stone;
22. Pengelolaan dan pembuangan sampah berbahaya                                 22. Treatment and disposal of hazardous waste


Selain kegiatan usaha utama sebagaimana dimaksud di atas,                       Besides the primary business activities mentioned above,
Perusahaan dapat melakukan kegiatan usaha penunjang/                            the Company may engage in supporting businesses related to
pendukung yang berhubungan dengan semen dalam rangka                            cement to maximize its resource utilization, such as:
optimalisasi pemanfaatan sumber daya yang dimiliki, untuk:


KEGIATAN USAHA PENUNJANG                                                        SUPPORTING BUSINESS ACTIVITIES
1. Pengumpulan air limbah berbahaya;                                            1. Collection of hazardous wastewater;
2. Pengumpulan air limbah tidak berbahaya;                                      2. Collection of non-hazardous wastewater;
3. Pengelolaan dan pembuangan air limbah tidak berbahaya;                       3. Treatment and disposal of non-hazardous wastewater;
4. Pengelolaan dan pembuangan air limbah berbahaya;                             4. Treatment and disposal of hazardous wastewater;
5. Industri barang dari plastik untuk pengemasan;                               5. Manufacturing of plastic products for packaging;




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Bidang Usaha
Line of Business



6. Aktivitas penunjang pengelolaan air;                                           6. Water management supporting activities;
7. Penyiapan lahan;                                                               7. Land preparation;
8. Jasa pengujian laboratorium;                                                   8. Laboratory testing services;
9. Instalasi mekanikal;                                                           9. Mechanical installation;
10. Instalasi saluran air (plambing);                                             10. Plumbing installation;
11. Aktivitas pelayanan kepelabuhanan sungai, dan danau;                          11. River, lake, and port service activities
12. Perkebunan buah kelapa sawit;                                                 12. Palm oil fruit plantations
13. Perkebunan karet dan tanaman penghasil getah lainnya;                         13. Plantation of rubber and other sap-producing plants;
14. Penyediaan akomodasi jangka pendek lainnya;                                   14. Provision of other short-term accommodation;
15. Event organizer;                                                              15. Event organizer;
16. Pendidikan teknik swasta;                                                     16. Private engineering education;
17. Real estate yang dimiliki sendiri atau disewa;                                17. Owned or rented real estate;
18. Lapangan golf;                                                                18. Golf course;
19. Gelanggang renang;                                                            19. Swimming Pool;
20. Lapangan sepak bola;                                                          20. Football fields;
21. Lapangan tenis lapangan;                                                      21. Tennis courts;
22. Sport center;                                                                 22. Sports center;
23. Aktivitas fasilitas olahraga lainnya;                                         23. Activities of other sports facilities;
24. Kawasan industri;                                                             24. Industrial area;
25. Kedai makanan;                                                                25. Food stalls;
26. Aktivitas praktik dokter umum;                                                26. General practitioner practice activities;
27. Perdagangan eceran barang farmasi di apotek.                                  27. Retail trade of pharmaceutical goods in pharmacies.


KEGIATAN USAHA YANG DIJALANKAN                                                    BUSINESS ACTIVITIES CARRIED OUT BY THE
PERUSAHAAN PADA TAHUN BUKU                                                        COMPANY IN THE FISCAL YEAR
Kegiatan usaha yang dijalankan Perusahaan pada tahun buku                         The Company’s business activities in the fiscal year complied
adalah sesuai dengan Anggaran Dasar Perusahaan yang                               with its most recent Articles of Association, which were
terakhir diubah dan disahkan melalui Akta No. 68 tanggal                          amended and ratified through Deed No. 68 on June 25, 2021,
25 Juni 2021 yang dibuat dihadapan Fathiah Helmi, S.H.,                           before Notary Fathiah Helmi, S.H., in Jakarta.
Notaris, di Jakarta.


PRODUK YANG DIHASILKAN                                                            PRODUCED PRODUCTS
Perusahaan     bergerak       di     bidang           usaha    persemenan.        Our Company produces four types of cement in accordance
Perusahaan memproduksi 4 (empat) jenis semen, sesuai                              with Article 3 of our Articles of Association, as we primarily
dengan Pasal 3 Anggaran Dasar Perusahaan. Produk semen                            operate in the cement sector. The cement products produced
yang dihasilkan oleh Perusahaan adalah sebagai berikut:                           by the Company are as follows:
       Jenis Semen /
                                                                                   Deskripsi / Description
        Cement Type
                               Jenis Portland Tipe I digunakan untuk pemakaian secara umum, tidak memerlukan persyaratan khusus seperti
                               diprasyaratkan pada tipe lainnya (gedung bertingkat, jalan, jembatan, dll). OPC Tipe I mempunyai keunggulan karena
                               cepat kering, memiliki daya rekat yang kuat, hasil adukan yang tidak mudah retak dan kekuatan tekan yang baik. /
                               Portland Type I cement is a general-purpose cement that does not have specific requirements like other types used for
                               high-rise buildings, roads, bridges, and other applications. This type of cement has several advantages, including fast
                               drying time, strong adhesion, resistance to cracking, and high compressive strength, which make it a popular choice
 Ordinary Portland Cement      for various construction projects.
       (OPC) Type I
                               Adapun sertifikat produk penggunaan tanda SNI untuk Ordinary Portland Cement (OPC) Type I (SNI 2049:2015 No. 031/
                               BSKJI/Baristand-Palembang/ MS.1/III/2022) yang berlaku mulai 22 Maret 2022 sampai dengan 21 Maret 2026) dan (SNI
                               2049-1:2020 No. 030/BSPJI-Palembang/MS.1/V/2023) yang berlaku mulai 03 Mei 2023 sampai dengan 02 Mei 2027.
                               / The product certificate for using the SNI mark for Ordinary Portland Cement (OPC) Type I (SNI 2049:2015 No. 031/
                               BSKJI/Baristand-Palembang/ MS.1/III/2022) is valid from March 22, 2022 to March 21, 2026) and (SNI 2049-1:2020 No.
                               030/BSPJI-Palembang/MS.1/V/2023) which is valid from May 03, 2023 to May 02, 2027.


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                           Management Discussion and Analysis         Good Corporate Governance                Corporate Social and Environmental Responsibility




                                                                                                                                                Bidang Usaha
                                                                                                                                             Line of Business


          Jenis Semen /
                                                                                              Deskripsi / Description
           Cement Type
                                    Jenis Portland Tipe II digunakan untuk pemakaian yang membutuhkan ketahanan terhadap sulfat dan panas hidrasi
                                    sedang. OPC Tipe II biasanya diaplikasikan pada bangunan yang letaknya di pinggir laut, tanah rawa, dermaga, saluran
                                    irigasi dan bendungan. / Portland Type II cement is used in applications that require resistance to sulfates and
                                    moderate heat of hydration. It is commonly used for buildings located near the sea, marshy land, docks, irrigation
                                    channels, and dams.
     Ordinary Portland Cement
           (OPC) Type II            Adapun sertifikat produk penggunaan tanda SNI untuk Ordinary Portland Cement (OPC) Type II (SNI 2049:2015 No. 032/
                                    BSKJI/ Baristand Palembang/MS.1/III/2022) yang berlaku mulai 22 Maret 2022 sampai dengan 21 Maret 2026 dan (SNI
                                    2049-1:2020 No. 031/BSPJI-Palembang/MS.1/V/2023) yang berlaku mulai 03 Mei 2023 sampai dengan 02 Mei 2027.
                                    / The product certificate for using the SNI mark for Ordinary Portland Cement (OPC) Type II (SNI 2049:2015 No. 032/
                                    BSKJI/Baristand Palembang/MS.1/III/2022) is valid from March 22, 2022 to March 21, 2026 and (SNI 2049-1:2020 No.
                                    031/BSPJI-Palembang/MS.1/V/2023) which is valid from May 03, 2023 to May 02, 2027.
                                    Jenis Portland Tipe V digunakan untuk pemakaian yang membutuhkan ketahanan terhadap sulfat yang tinggi. OPC Tipe
                                    V biasanya diaplikasikan pada bangunan konstruksi di bawah air, pelabuhan, terowongan, kawasan tambang, bangunan
                                    Instalasi Pengolahan Air Limbah (IPAL) dan project geothermal. / Portland Type V cement is used in applications that
                                    require high resistance to sulfates, such as underwater construction, ports, tunnels, mining areas, wastewater
                                    treatment plants, and geothermal projects.
     Ordinary Portland Cement
           (OPC) Type V             Adapun sertifikat produk penggunaan tanda SNI untuk Ordinary Portland Cement (OPC) Type V (SNI 2049:2015 No. 033/
                                    BSKJI/Baristand-Palembang/MS.1/III/2022) yang berlaku mulai 22 Maret 2022 sampai dengan 16 Juli 2026 dan (SNI
                                    2049-1:2020 No. 031/BSPJI-Palembang/MS.1/V/2023) yang berlaku mulai 03 Mei 2023 sampai dengan 02 Mei 2027.
                                    / The product certificate for using the SNI mark for Ordinary Portland Cement (OPC) Type V (SNI 2049:2015 No. 033/
                                    BSKJI/Baristand-Palembang/MS.1/III/2022) is valid from March 22, 2022 to July 16, 2026 and (SNI 2049-1:2020 No.
                                    031/BSPJI-Palembang/MS.1/V/2023) which is valid from May 03, 2023 to May 02, 2027.
                              Jenis PCC ditujukan untuk pemakaian secara umum dan untuk semua mutu beton. Selain itu, juga digunakan untuk
                              struktur bangunan bertingkat sampai dengan gedung bertingkat tinggi, struktur bangunan di tepi pantai dan bangunan
                              pada tanah rawa/tanah berasam, struktur jembatan dan jalan beton, struktur bangunan irigasi, bata beton (paving
                              block), genteng beton, beton pracetak dll dan pengerjaan pasangan bata, plesteran dan acian. PCC mempunyai
                              keunggulan karena memiliki panas hidrasi lebih rendah sehingga akan lebih mudah dalam proses pengerjaan dan
                              dapat menghasilkan permukaan beton serta plester yang lebih rapat dan halus. PCC juga memiliki daya rekat yang kuat,
                              kedap air dan kekuatan tekan yang baik. / 18 Juni 2025. PCC, or Portland Composite Cement, is suitable for general use
                              and all concrete grades. It is commonly used for multi-story and high-rise buildings, coastal and marshy/acidic soil
                              structures, concrete bridges and roads, irrigation structures, concrete bricks (paving blocks), concrete tiles, precast
    Portland Composite Cement
                              concrete, brickwork, plastering, and rendering. PCC has a lower heat of hydration, making it easier to work with and
               (PCC)
                              resulting in smoother and denser concrete and plaster surfaces. Additionally, PCC has strong bonding, waterproofing,
                              and excellent compressive strength.

                                    Adapun sertifikat produk penggunaan tanda SNI untuk Portland Composite Cement (PCC) (SNI 7064:2014 No. 015/
                                    BSPJI-Palembang/MS.1/II/2023) yang berlaku mulai 31 Mei 2021 sampai dengan 18 Juni 2025 dan (SNI 7064:2022 No.
                                    005/BSPJI-Palembang/MS.5/X/2023) yang berlaku mulai 03 Mei 2023 sampai dengan 02 Mei 2027. / The product
                                    certificate for using the SNI mark for Portland Composite Cement (PCC) (SNI 7064:2014 No. 015/BSPJI-Palembang/
                                    MS.1/II/2023) is valid from May 31, 2021 to June 18, 2025 and (SNI 7064: 2022 No. 005/BSPJI-Palembang/MS.5/X/2023
                                    which is valid from May 03, 2023) to May 02, 2027.


Selain produk semen, Perusahaan juga memproduksi produk                                   In addition to cement products, the Company also produces
turunan dan derivatif seperti:                                                            derivative and derivative products such as:
•      Baturaja Mortar                                                                    •     Baturaja Mortar
       Semen Mortar atau yang lebih dikenal dengan Baturaja                                     Mortar Cement, also known as Baturaja Mortar, is the
       Mortar merupakan jenis produk semen instan milik                                         Company’s instant cement product formulated for
       Perusahaan yang diformulasikan dengan fungsi dan                                         specific functions and uses. Using Baturaja Mortar is very
       kegunaan spesifik. Penggunaan Baturaja Mortar sangat                                     easy because it does not require any additional materials;
       mudah karena penggunaannya tidak perlu penambahan                                        you simply mix the cement with adequate water and
       material lain, tapi dapat langsung diaplikasikan hanya                                   apply it directly. This instant cement can be used as an
       dengan menambahkan air secukupnya. Semen instan                                          alternative building material to replace the conventional
       ini dapat menjadi bahan bangunan alternatif pengganti                                    cement-sand mix. The advantage of using this mortar is
       adukan     semen-pasir          konvensional.            Kelebihan     dari              its thin application, making it more efficient to use, along
       penggunaan mortar yaitu aplikasi lebih tipis, sehingga                                   with the use of special additives to improve its quality.
       lebih hemat pemakaian, serta menggunakan aditif khusus
       untuk meningkatkan kualitas.


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                             Performance Highlights       Management Report       Company Profile      Overview on Business Supports




Bidang Usaha
Line of Business



    Baturaja Mortar memiliki banyak keunggulan karena                             Baturaja Mortar has many advantageous qualities, as it is
    lebih praktis, berkualitas dan efisien. Produk ini terdiri                    practical, of good quality, and efficient. Baturaja Mortar
    dari 5 (lima) varian: perekat keramik, pasangan bata dan                      consists of five variants, including ceramic adhesion,
    plesteran, pasangan bata ringan, acian abu-abu dan acian                      brick and plaster couple, light brick couple, grey cladding,
    putih yang tersedia dalam kemasan zak 40 kilogram dan                         and white cladding, which are all available in 40 and
    25 kilogram.                                                                  25-kilogram sacks.


    1. Mortar perekat keramik merupakan jenis semen                               1. The ceramic-adhesive mortar is an instant adhesive
       perekat instan untuk keramik, granit, marmer,                                    type of cement used for ceramic, granite, marble,
       mosaik, dan batu alam pada lantai maupun dinding.                                mosaic, and natural stone on floors and walls. This type
       Mortar perekat keramik memiliki daya rekat kuat,                                 of mortar has a strong adhesive quality, is practical,
       praktis, hemat, dapat diaplikasikan untuk bidang yang                            efficient, and can be applied to coarse surfaces.
       tidak rata.
    2. Mortar pasangan bata dan plesteran merupakan jenis                         2. The brick and plaster couple mortar is an instant
       semen perekat instan untuk pemasangan bata merah                                 adhesive cement used to install red bricks and plaster
       dan plesteran pada dinding bata serta beton. Mortar                              on brick or concrete walls. This type of mortar has a
       pasangan bata dan plesteran memiliki daya rekat kuat,                            strong adhesive quality, is practical, efficient, and
       praktis, hemat, dapat dilakukan pengacian setelah                                cladding can be applied after 5 hours of its application.
       5 (lima) jam.
    3. Mortar pasangan bata ringan merupakan jenis semen                          3. The light brick couple mortar is an instant adhesive
       perekat instan untuk pemasangan bata ringan.                                     cement used to install light bricks. This type of mortar
       Mortar pasangan bata ringan memiliki daya rekat                                  has a strong adhesive quality, is practical, efficient,
       kuat, praktis, hemat, dapat dilakukan plester setelah                            and plaster can be applied after 24 hours of its
       24 jam.                                                                          application.
    4. Mortar acian merupakan jenis semen acian instan                            4. The cladding mortar is an instant cement used for
       untuk permukaan dinding plester, konkret serta dapat                             plastered or concrete wall surfaces and is suitable
       diaplikasikan untuk keperluan indoor. Mortar acian                               for indoor purposes. This type of cement results in
       menghasilkan acian yang halus, mencegah adanya                                   smooth cladding, prevents fine cracks, has good
       retak rambut, memiliki daya rekat yang baik, praktis,                            adhesive properties, is practical and efficient, and
       hemat, efisien dan dapat langsung di cat setelah                                 can be painted over after 24 hours of application.
       24 jam.
    5. Mortar acian putih merupakan jenis semen acian                             5. The white cladding mortar is an instant cement
       instan untuk permukaan dinding plester, konkret serta                            designed for use on both plastered and concrete
       dapat diaplikasikan untuk keperluan indoor maupun                                walls, for both indoor and outdoor use. This type of
       outdoor. Mortar acian putih menghasilkan acian yang                              mortar creates a smooth cladding surface, prevents
       halus, mencegah adanya retak rambut, memiliki daya                               fine cracks, has good adhesive properties, is practical
       rekat yang baik, praktis, hemat, efisien dan dapat                               and efficient, and can be painted over 24 hours after
       langsung dicat setelah 24 jam.                                                   application.


•   White Clay                                                                •   White Clay
    White Clay atau Tanah Liat Putih merupakan salah satu                         One of the derivative products manufactured by the
    produk turunan yang dihasilkan oleh Perusahaan. White                         Company is White Clay, which is obtained directly from
    Clay diperoleh langsung dari proses penambangan di area                       mining in areas owned by the Company. This material
    milik Perusahaan dan digunakan sebagai salah satu bahan                       is used in both ceramic and NPK fertilizer production
    dalam proses pembuatan keramik dan pupuk NPK.                                 processes.




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                   Management Discussion and Analysis        Good Corporate Governance             Corporate Social and Environmental Responsibility




                                                                                                                                    Bidang Usaha
                                                                                                                                 Line of Business



   SMBR berhasil mendapatkan hak paten dari Direktorat                                 SMBR succeeded in obtaining a patent from the
   Jenderal Kekayaan Intelektual Kementerian Hukum dan                                 Directorate General of Intellectual Property of the
   Hak Asasi Manusia (KemenkumHAM) Republik Indonesia                                  Ministry of Law and Human Rights (KemenkumHAM) of
   atas Proses Produksi White Clay sebagai bahan baku                                  the Republic of Indonesia for the White Clay Production
   pupuk NPK dengan Nomor Paten: IDP000090055.                                         Process as a raw material for NPK fertilizer with Patent
                                                                                       No: IDP000090055.


PROSES PEMBUATAN SEMEN                                                           CEMENT MAKING PROCESS




                   Limestone                   Limestone          Raw Mill              Kiln                                                             Sumatra
   Limestone                                                                                      Cement Mill                Packing Plant
                    Crusher                     Storage                                                                                                  Selatan /
                                                                                                   Baturaja                    Baturaja
                                                                                                                                                       South Sumatra



      Clay        Clay Crusher                Clay Storage
                                                                                                                                                          Lampung
                                                                                                    Finish Mill               Packing Unit
                                                                                                   Palembang                   Palembang


   Silica Sand
                                                                                                                                                          Bengkulu

                                                                                                   Finish Mill                Packing Unit
                                                                 Raw Meal            Clinker        Panjang                     Panjang
   Iron Sand                                                       Silo              Storage                                                               Jambi




                                          Coal Circular
      Coal                                                        Coal Mill                                                                            Bangka Belitung
                                            Storage




    Fly Ash



                                                                                                                                    Bag

    Pozzolan




Bagan di atas menjelaskan proses pembuatan semen yang                            The above chart illustrates the cement manufacturing process
diterapkan oleh Perusahaan. Penjelasan tahapan proses                            implemented by the Company. The following is an explanation
pembuatan semen adalah sebagai berikut:                                          of the process stages in the production of cement:




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Bidang Usaha
Line of Business



                                                 TAHAPAN PROSES PEMBUATAN SEMEN
                                                 Stages of Cement Manufacturing Process

                                           01.
                                                     Tahap pertama dari pembuatan semen adalah dengan melakukan penambangan batu
                                                     kapur, dan tanah liat sebagai bahan baku utama di quarry milik Perusahaan. Penambangan
                                                     batu kapur dilakukan dengan cara peledakan, dan surface miner, sedangkan untuk

 Quarry                                              memperoleh tanah liat dilakukan dengan cara pengerukan. Selanjutnya batu kapur dan
                                                     tanah liat diangkut ke crusher dengan dump truck.

                                                     The initial stage of cement production involves the mining of limestone and clay, which
                                                     serve as the primary raw materials in the Company’s quarry. Limestone is extracted using
                                                     explosives or surface miners, while clay is collected through dredging. Once collected,
                                                     the limestone and clay are transported to the crusher via dump trucks.




                                                     Di tahap ini, batu kapur dan tanah liat mengalami pengecilan ukuran sampai dengan 8 cm
                                         02.         untuk kemudian disimpan di stock pile (storage).


 Crusher
                                                     At this stage, the limestone and clay undergo size reduction to approximately 8 cm and
                                                     are then stored in the stockpile.



                                                     Hasil dari proses penambangan, yakni batu kapur dan tanah liat ditampung dalam
                                         03.         storage, selanjutnya dilakukan proses prehomogenisasi yang disebut reclaimer. Proses
                                                     prehomogenisasi di reclaimer adalah proses yang sangat penting untuk menjamin
                                                     kualitas dari produk yang dihasilkan baik dari raw meal hingga produk akhir yaitu semen.
 Storage
                                                     The limestone and clay extracted from the mining process are stored in the storage
                                                     facility prior to undergoing the pre-homogenization process, known as the reclaimer.
                                                     The reclaimer’s pre-homogenization process is crucial in ensuring the quality of the raw
                                                     meal, which ultimately impacts the final product of cement.




                                         04.         Batu kapur dan tanah liat yang ada di stock pile, kemudian dimasukkan ke dalam raw mill
                                                     ditambahkan pasir besi dan pasir silika untuk digiling dan dikeringkan menjadi raw meal.
                                                     Raw meal atau tepung baku adalah bahan baku untuk pembuatan terak (clinker). Raw
 Raw Mill                                            meal memiliki tekstur seperti powder yang fisiknya mempunyai kehalusan tertentu. Raw
                                                     meal mempunyai sifat fisika dan sifat kimia tertentu yang dijadikan parameter kontrol
                                                     kualitas produk. Sifat kimia digunakan sebagai pengatur proporsi bahan-bahan yang
                                                     diumpankan ke dalam proses. Raw meal dihasilkan dari sebuah sistem peralatan yaitu
                                                     raw mill plant yang terdiri dari alat-alat utama, sistem transportasi dan alat-alat separasi
                                                     untuk kemudian disimpan di raw meal silo.

                                                     After being retrieved from the stockpile, the limestone and clay are mixed with iron
                                                     sand and silica sand and transferred to the raw mill for drying and milling, resulting in
                                                     raw meal. Raw meal is a powdered material used in the manufacturing of clinker and
                                                     has a smooth texture. Its physical and chemical properties are essential quality control
                                                     parameters. The chemical properties are used to regulate the proportion of materials
                                                     fed into the process. The Raw Mill Plant equipment system, which includes the main
                                                     equipment, transport system, and separation tools, produces the raw meal that is then
                                                     stored in the raw meal silo.




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                        Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis   Good Corporate Governance          Corporate Social and Environmental Responsibility




                                                                                                                                 Bidang Usaha
                                                                                                                              Line of Business




Raw meal yang sudah jadi, dan disimpan dalam CF Silo digunakan sebagai umpan kiln (kiln feed) yang
mengalami beberapa tahap proses sebelum akhirnya menjadi terak, yakni melalui sistem pendinginan
                                                                                                                         05.
dan alat transportasi untuk disimpan di silo terak. Dalam tahap ini, terjadi proses pembakaran yang
menggunakan bahan bakar batubara, yang telah digiling dan dikeringkan melalui coal mill. Sebagian
terak digunakan oleh cement mill Baturaja dan juga finish mill di Palembang dan Panjang. Terak untuk
                                                                                                                                   Pemanasan
finish mill di Palembang diangkut dengan kereta api dan truk sedangkan terak untuk finish mill di                                         dan
Panjang menggunakan angkutan truck dan kereta untuk diproses menjadi semen curah.                                                 Pembakaran
The raw meal produced and stored in the CF Silo serves as kiln feed, which undergoes several stages
                                                                                                                                        (Kiln)
of processing before becoming clinker. The clinker is then cooled, transported, and stored in the                                            Heating and
clinker silo. At this stage, a combustion process takes place using milled and dried coal fuel. The                                          Combustion
Baturaja, Palembang, and Panjang finish mills use a portion of the resulting clinker. The finish mill in
Palembang is transported by train and trucks, while the finish mill in Panjang is transported by train
and trucks for processing into bulk cement.




Terak yang dikirim dari Silo Terak Baturaja digiling di cement mill dengan menambahkan gypsum
dan bahan ketiga. Material ini bersama- sama diumpankan ke cement mill kemudian mengalami
                                                                                                                         06.
proses penggilingan dengan produk akhir berupa semen OPC Tipe I dan PCC. Sementara itu, untuk
memproduksi jenis OPC tipe II dan OPC tipe V, terak hanya digiling dengan gypsum. Setelah didapat                                Penggilingan
                                                                                                                                      Clinker
semen yang berkualitas maka semen tersebut disimpan melalui silo semen kemudian dipindahkan
ke bin semen melalui air slide, belt conveyor, dan vibrating screen. Keluaran dari silo semen berupa
semen curah, yang sebagian dijual dalam bentuk semen curah dengan alat transportasi berupa mobil                                 (Cement Mill)
kapsul dan gerbong kereta kapsul ke Palembang, Baturaja, dan Lampung dan sebagian dikemas di
                                                                                                                                                Clinker Mill
Packing Plant.

The clinker, which is transported from the Clinker Silo in Baturaja, is ground in the cement mill by
adding gypsum and a third material. This third material is fed simultaneously into the cement mill
for the grinding process until the final product, OPC cement Type I and PCC, is achieved. For the
production of OPC Type II and OPC Type V, the clinker is only milled with gypsum. Once high-quality
cement is obtained, it is stored in a cement silo and transferred to the cement bin through an air slide,
conveyor belt, and vibrating screen. The output from the cement silos is in the form of bulk cement,
which is partially sold in mobile-capsule and carriage-capsule transport (isotank) to Palembang,
Baturaja, and Lampung, and partially packed at the Packing Plant.




Packing plant adalah sebuah kombinasi mesin dari alat angkut sampai ke packer. Packer berfungsi                          07.
untuk melakukan pembungkusan atau pengepakan semen bungkus atau zak sesuai timbangan berat
yang ditetapkan. Packer merupakan unit terakhir dari proses produksi dari suatu pabrik semen di
mana produk packer yang telah dikemas berupa semen zak 50 kg, dan big bag 1 ton dipasarkan di                               Pengantongan
Sumatra Selatan, Lampung, Bengkulu, Jambi dan Bangka Belitung.                                                                    Semen
The packing plant is a combination of machinery and apparatus consisting of transport tools up to
                                                                                                                           (Packing Plant)
the packer unit. The packer functions to wrap or pack cement in bags or sacks with a fixed weight.                                  Cement Packing
The packer is the last unit in the cement plant’s production process, and the packed products come
in the form of 50-kg cement sacks and 1-ton big bags, which are then distributed in South Sumatra,
Lampung, Bengkulu, Jambi and Bangka Belitung.




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                               Performance Highlights     Management Report        Company Profile       Overview on Business Supports




Jaringan Bisnis dan Wilayah Operasi
Business Network and Operating Areas

Jaringan Bisnis dan Wilayah operasional industri semen                         The business network and operational areas for PT Semen
PT Semen Baturaja Tbk tersebar di beberapa titik, yakni                        Baturaja Tbk’s cement industry are spread across several
Sumatra Selatan, Lampung, Jambi, Bengkulu dan Bangka                           locations, namely South Sumatra, Lampung, Jambi, Bengkulu,
Belitung. Adapun jenis pelanggan yang dilayani adalah                          and Bangka Belitung. The Company serves distributors and
Distributor dan Batching plant yang tersebar di berbagai                       batching plants located in these areas.
wilayah tersebut.




                                                                 Kantor Pusat & Pabrik                                  Pabrik Panjang, Lampung /
                                                                 Palembang / Head Office and                            Panjang Plant, Lampung
                                                                 Palembang Plant                                        • Finish Mill & Packing Unit
                                                                 • Finish Mill & Packing Unit
                                                                 • Dermaga Terminal Khusus
                                                                   / Special Terminal Pier




       Pabrik Baturaja I & II (OKU) /                                             Jambi                                       Bangka
       Baturaja I & II (OKU) Plant                                                                                            Belitung
       • Integrated Plant                                                                   Sumatra Selatan
                                                                                             South Sumatra
                                                                               Bengkulu
                                                                                                               Lampung




              Wilayah Pemasaran
              Marketing Area

              Lokasi Pabrik
              Plant Location




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               Management Discussion and Analysis   Good Corporate Governance          Corporate Social and Environmental Responsibility




Makna Logo Perusahaan
Corporate Logo Meaning




 Gajah              Melambangkan hewan terkuat, dan terbesar yang ada di Sumatra, khususnya Sumatra Bagian
 Elephant           Selatan / As the strongest and largest animal in Sumatra, especially Southern Sumatra


 Tiga Gajah         Melambangkan adanya tiga lokasi pabrik SMBR, yaitu di Baturaja, Palembang, dan Panjang Bandar
 Three              Lampung / Symbolizes the existence of three SMBR Plant locations, namely in Baturaja, Palembang
 Elephants          and Panjang, Bandar Lampung

 Warna Hijau        Melambangkan pemerataan industri daerah untuk mencapai kemakmuran / Symbolizes the
 Green Color        distribution of regional industries to achieve prosperity

 Warna Putih        Melambangkan kesucian hati semua karyawan SMBR untuk mengabdikan diri pada Perusahaan /
 White Color        Symbolizes the purity of heart of all SMBR employees to devote themselves to the Company




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                            Performance Highlights       Management Report       Company Profile     Overview on Business Supports




Visi, Misi, dan Budaya Perusahaan
Vision, Mission, and Corporate Culture



                                                                             Visi                    Vision

                                                                             Menjadi Green Cement Based Building
                                                                             Material Company Terdepan Di Indonesia
                                                                             To Become A Leading Green Cement-Based
                                                                             Building Material Company In Indonesia




    Misi                                     Mission

       • Kami adalah penyedia bahan bangunan berbasis semen kebanggaan
           nasional; / Our Company takes pride in being a leading provider of cement-
           based building materials nationwide;
       • Kami menyediakan produk yang berkualitas, ramah lingkungan dan
           pasokan yang berkesinambungan; / Our focus is on providing high-quality,
           environmentally friendly, and sustainable products;
       • Kami menjamin kepuasan pelanggan dengan mengutamakan pelayanan
           prima; / Customer satisfaction is our top priority, and we strive for excellence
           in our services;
       • Kami berkomitmen membangun negeri untuk Indonesia
           yang lebih baik. / We are committed to building a better
           Indonesia and contributing to the nation’s development.




REVIU VISI DAN MISI OLEH MANAJEMEN                                            VISION AND MISSION REVIEW BY MANAGEMENT
Setiap tahunnya, Visi dan Misi Perusahaan senantiasa ditinjau                 The Company’s Vision and Mission are reviewed periodically
secara berkala oleh Dewan Komisaris dan Direksi. Visi dan                     by the Board of Commissioners and Board of Directors.
Misi Perusahaan senantiasa dievaluasi untuk memastikan                        These statements are constantly evaluated to ensure their
relevansinya dengan perkembangan bisnis Perusahaan.                           relevance to the Company’s business development. The
Reviu dilakukan dengan disesuaikan pada Rencana Jangka                        review is carried out in accordance with the Long Term Plan
Panjang Perusahaan (RJPP) 2020-2024. Visi dan misi                            (RJPP) preparation for 2020-2024. The Company's vision




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                       Analisis dan Pembahasan Manajemen     Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis    Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                 Visi, Misi, dan Budaya Perusahaan
                                                                            Vision, Mission, and Corporate Culture


Perusahaan telah direviu dan disetujui dengan disetujuinya                       and mission have been reviewed and approved with the
buku RKAP tahun 2023 melalui surat Dewan Komisaris SMBR                          approval of the 2023 RKAP book through Letter of the Board
No. S-20/DK-SB/XII/2023 tanggal 01 Desember 2023.                                of Commissioners of SMBR No. S-20/DK-SB/XII/2023 dated
                                                                                 December 01, 2023.




Budaya
Perusahaan
Corporate Culture



                               Visi & Misi,
                               Strategi Perusahaan
                               Vision & Mission,
                               Corporate Strategic
    Corporate Values                                        Corporate Culture                   Corporate Image                         Corporate Reputation




Budaya Perusahaan (corporate culture) merupakan falsafah,                        Corporate culture refers to the philosophy, values, and norms
nilai dan norma-norma yang harus dijunjung oleh seluruh                          that guide the behavior of all SMBR personnel. Its purpose is
Insan SMBR, dan memiliki tujuan untuk melengkapi setiap                          to instill a sense of organizational identity and commitment to
Insan SMBR dengan rasa (identitas) organisasi, serta                             the Company’s values among employees. The values adopted
menimbulkan komitmen terhadap nilai-nilai yang dianut oleh                       by the Company are reinforced by its vision, mission, and
Perusahaan. Nilai-nilai yang dianut Perusahaan diperkuat                         strategy, creating a shared mindset among SMBR personnel
dengan visi, misi, dan strategi Perusahaan, yang akan                            that helps to enhance the Company’s reputation and image.
menghasilkan budaya atau proses berpikir setiap Insan SMBR
untuk meningkatkan citra Perusahaan, yang pada akhirnya
dapat memperkuat reputasi Perusahaan.


SMBR yang merupakan bagian dari anak perusahaan Badan                            SMBR, as a subsidiary of a State-Owned Enterprise (SOE),
Usaha Milik Negara (BUMN) telah menerapkan nilai budaya                          follows the Corporate Value of AKHLAK as its corporate
AKHLAK, sebagai budaya Perusahaan yang harus ditaati                             culture, as directed by the Ministry of SOEs through Minister
oleh seluruh Insan SMBR, sebagaimana arahan Kementerian                          of SOEs Circular No. SE-7/MBU/07/2020, which outlines
BUMN melalui Surat Edaran Menteri BUMN No. SE-7/                                 the Core Values of Human Resources for State-Owned
MBU/07/2020 tentang Nilai-nilai Utama (Core Values) Sumber                       Enterprises. These values are integral to SMBR’s work culture,
Daya Manusia Badan Usaha Milik Negara. Nilai-nilai tersebut                      serving as its identity and binding force to support continuous
menjadi identitas dan perekat budaya kerja untuk mendukung                       improvement of SOE performance.
peningkatan kinerja BUMN secara berkelanjutan.




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                             Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Visi, Misi, dan Budaya Perusahaan
Vision, Mission, and Corporate Culture




Perusahaan menerapkan prinsip nilai budaya AKHLAK                             The following are core values of SMBR personnel, which
di lingkup Perusahaan sebagai core values Insan SMBR.                         reflect the application of AKHLAK Corporate Value principle
Informasi nilai budaya Perusahaan adalah sebagai berikut:                     within the Company:
                    Kami memegang teguh kepercayaan yang diberikan, dengan: / Firmly hold the trust bestowed upon us, by:
                    • Memenuhi janji dan komitmen / Fulfilling the promises and commitments
   AMANAH /
                    • Bertanggung jawab atas tugas, keputusan dan tindakan yang dilakukan / Being responsible for the duties, decisions
 TRUSTWORTHY
                      and actions undertaken
                    • Berpegang teguh kepada nilai moral dan etika / Adhering to moral and ethical values
                    Kami terus belajar dan mengembangkan kapabilitas, dengan: / Continuously learning and developing our capabilities,
                    by:
  KOMPETEN /        • Meningkatkan kompetensi diri untuk menjawab tantangan yang selalu berubah / Improving self-competencies to
  COMPETENT           adhere to everchanging challenges
                    • Membantu orang lain belajar / Helping others to learn
                    • Menyelesaikan tugas dengan kualitas terbaik/ Completing tasks in the best quality
                    Kami saling peduli dan menghargai perbedaan, dengan: / Caring for one another and respect diversity, by:
  HARMONIS /        • Menghargai setiap orang, apa pun latar belakangnya / Respecting each individual regardless of background
  HARMONIOUS        • Suka menolong orang lain / Keen on helping others
                    • Membangun lingkungan kerja yang kondusif / Fostering a conducive working environment
                    Kami berdedikasi dan mengutamakan kepentingan bangsa dan negara, dengan: / Dedicated and prioritize the interests
                    of the nation and the state, by:
                    • Menjaga nama baik sesama karyawan, pimpinan, BUMN dan Negara / Maintaining good reputation of fellow employees,
 LOYAL / LOYAL         leaders, BUMN and the State
                    • Rela berkorban untuk mencapai tujuan yang lebih besar / Willing to sacrifice for achieving bigger goals
                    • Patuh kepada pimpinan sepanjang tidak bertentangan dengan hukum dan etika / Obeying the leaders as long as it
                       does not conflict with the laws and ethics
                    Kami terus berinovasi dan antusias dalam menggerakkan ataupun menghadapi perubahan, dengan: / Continuously
                    innovating and are enthusiastic in mobilizing or facing change, by:
   ADAPTIF /        • Cepat menyesuaikan diri untuk menjadi lebih baik / Quick in self-adapting to be better
   ADAPTIVE         • Terus menerus melakukan perbaikan mengikuti perkembangan teknologi / Continually making improvements to keep
                       up with technology development
                    • Bertindak proaktif / Being proactive
               Kami membangun kerja sama yang sinergis, dengan: / Cultivate joint cooperation in synergy, by:
               • Memberi kesempatan pada semua pihak untuk berkontribusi / Providing the opportunities to all parties to contribute
 KOLABORATIF / • Terbuka dalam bekerja sama untuk menghasilkan nilai tambah / Being open to working together to achieve added
 COLLABORATIVE   value
               • Menggerakkan pemanfaatan berbagai sumber daya untuk tujuan bersama / Mobilizing the utilization of various
                 resources for common goals




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                     Management Discussion and Analysis        Good Corporate Governance           Corporate Social and Environmental Responsibility




                                                                                   Visi, Misi, dan Budaya Perusahaan
                                                                              Vision, Mission, and Corporate Culture



Perusahaan senantiasa melakukan internalisasi nilai budaya                         The Company upholds the Corporate Value of AKHLAK as a
AKHLAK pada segenap Insan SMBR, sebagai panduan dalam                              guiding principle for all SMBR personnel to work effectively.
bekerja secara benar. Kebijakan ini juga sebagai bentuk                            This policy demonstrates the Company’s commitment to
komitmen Perusahaan dalam mewujudkan transformasi                                  transforming BUMN human resources into competitive and
sumber daya manusia BUMN yang berdaya saing dan siap                               globally competent individuals, while also fostering a culture
menjadi pemain global, serta membangun BUMN sebagai                                of excellence within the organization. To internalize these
wadah untuk menciptakan talenta terbaik. Internalisasi nilai                       cultural values, the Company utilizes various media, including
budaya AKHLAK di lingkup Perusahaan dilakukan melalui                              the intranet portal, the Company’s website, social media,
berbagai media milik Perusahaan, seperti portal intranet                           banners placed in strategic locations, and culture campaigns
Perusahaan, situs web Perusahaan, media sosial Perusahaan,                         featuring corporate culture videos displayed on screens in
pemasangan banner di tempat-tempat strategis di lingkungan                         the SMBR Office lobby.
Perusahaan, membuat culture campaign dengan pemutaran
corporate culture video pada screen yang tersedia di Lobby
Kantor SMBR.




Keanggotaan dalam Asosiasi Industri
Membership in Industrial Associations

Hingga 31 Desember 2023, SMBR telah terdaftar dalam                                As of December 31, 2023, SMBR has been registered as a
keanggotaan asosiasi. Informasi keanggotaan asosiasi yang                          member of the association. Information on the association
diikuti oleh Perusahaan adalah sebagai berikut:                                    membership participated by the Company is as follows:
  No                                              Asosiasi / Association                                                      Keanggotaan / Membership
   1    Asosiasi Semen Indonesia / Indonesian Cement Association                                                                     Anggota / Member
   2    Asosiasi Emiten Indonesia / Indonesian Listed Companies Association                                                          Anggota / Member
   3    Indonesia Corporate Secretary Association (ICSA)                                                                             Anggota / Member
   4    Forum Human Capital Indonesia (FHCI) / Indonesian Human Capital Forum (FHCI)                                                 Anggota / Member
   5    Forum Humas BUMN (FH BUMN) / SOE Public Relations Forum (FH BUMN)                                                            Anggota / Member
   6    Forum Hukum BUMN / SOE Law Forum                                                                                             Anggota / Member
   7    Federasi Serikat Pekerja Industri Semen Seluruh Indonesia (FSP ISSI) / Federation of                                       Deputi Ketua Umum /
        Indonesian Cement Industry Workers Union (FSP ISSI)                                                                          Deputy Chairman




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                            Performance Highlights        Management Report      Company Profile     Overview on Business Supports




Struktur Organisasi
Organizational Structure

Hingga 31 Desember 2023, Struktur Organisasi Perusahaan                       As of December 31, 2023, the Company’s Organizational
telah   ditetapkan      melalui        Surat         Keputusan      Direksi   Structure has been established in Director’s Decree
No. PH.01.04/037/2023 tanggal 30 Juni 2023. Informasi                         No. PH.01.04/037/2023 dated June 30,2023. Information on
struktur organisasi Perusahaan adalah sebagai berikut:                        the Company’s organizational structure is as follows:




                                                                                                                              Direktur Utama
                                                                                                                             President Director




                      Department of Corporate                                                                            Division Accounting
                                                                                                                        Department of Logistic
                            Secretary                                                                                         & Finance




                        Department of Internal                                                                               Department
                                                                                                                          Division       of
                                                                                                                                   Management
                               Audit                                                                                          Procurement
                                                                                                                            Accounting & ICT




                           Department of
                                                                                                                        Unit of Health,
                                                                                                                                DivisionSafety &
                     Performance Management
                                                                                                                          RiskEnvironment
                                                                                                                                Management
                              Office




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      Management Discussion and Analysis   Good Corporate Governance           Corporate Social and Environmental Responsibility




                                                                                         Struktur Organisasi
                                                                                    Organizational Structure




                                                                              Direktur (Fungsi Keuangan
Direktur (Fungsi Operasi)
                                                                                       dan SDM)
   Director (Operation
                                                                               Director (Finance and HR
        Function)
                                                                                     Department)




                                                                              Department of Accounting
  Department of Mining
                                                                                     & Finance




                                                                                   Department of Risk
Department of Production
                                                                                     Management




     Department of                                                             Department of Human
      Maintenance                                                             Resource & General Affair




Department of Production
& Maintenance Planning &
       Evaluation




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                        Performance Highlights       Management Report   Company Profile     Overview on Business Supports




Informasi Struktur Organisasi di Bawah Direksi
Information on Organizational Structure Under the Board of Directors




                                                                                              SUHERMAN YAHYA
                                                                                               Direktur Utama
                                                                                              President Director




                        BASTHONY SANTRI
                                                                                                            ADE CHITRA KUSUMA
                      Department of Corporate
                                                                                                           Department of Logistic
                            Secretary




                           HARI LIANDU                                                                        TAUFIK
                    Department of Internal Audit                                                      Department of Procurement




                       TARIDA TAMBUNAN                                                                             MERIADI
                    Department of Performance                                                              Unit of Health, Safety &
                       Management Office                                                                         Environment




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         Management Discussion and Analysis   Good Corporate Governance          Corporate Social and Environmental Responsibility




                       Informasi Struktur Organisasi di Bawah Direksi
Information on Organizational Structure Under the Board of Directors




                                                                                                         RAHMAT HIDAYAT
         MUHAMMAD SYAFITRI                                                                           Direktur (Fungsi Keuangan
       Direktur (Fungsi Operasi)                                                                              dan SDM)
     Director (Operation Function)                                                                    Director (Finance and HR
                                                                                                            Department)




                                                                                                           DODDY IRAWAN
           MUHAMMAD BENI
                                                                                                     Department of Accounting &
         Department of Mining
                                                                                                              Finance




          EKO DAVID IRAWAN                                                                                  HERU RUSDIANSYAH
      (Merangkap / Concurrently)                                                                            Department of Risk
       Department of Production                                                                                Management




          MUHAMMAD BENI                                                                                  FITRIA MARGARETHA
      (Merangkap / Concurrently)                                                                        Department of Human
      Department of Maintenance                                                                        Resource & General Affair




         EKO DAVID IRAWAN
      Department of Production
      & Maintenance Planning &
             Evaluation




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                        Performance Highlights        Management Report    Company Profile         Overview on Business Supports




Informasi Struktur Organisasi di Bawah
Dewan Komisaris
Information on Organizational Structure Under the Board of
Commissioners


                                                 ALEX ISKANDAR MUNAF
                                                 Komisaris Utama /                                                   HADI DARYANTO
                                                 Independen                                                          Komisaris
                                                 President / Independent                                             Commissioner
                                                 Commissioner




        HERA ZERA
        Sekretaris
        Dewan Komisaris
        Secretary of the Board
        of Commissioners




                                                                                         Komite Audit
                                                                                        Audit Committee




                                                                                           CHOWADJA SANOVA
                                                                                           Ketua
                                                                                           Chairman




                                                                                           ALEX ISKANDAR MUNAF
                                                                                           Anggota
                                                                                           Member




                                                                                           ABU BAKAR
                                                                                           Anggota
                                                                                           Member




                                                                                           RAMZA AZIZ
                                                                                           Anggota
                                                                                           Member




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                        Management Discussion and Analysis     Good Corporate Governance          Corporate Social and Environmental Responsibility




                   Informasi Struktur Organisasi di Bawah Dewan Komisaris
Information on Organizational Structure Under the Board of Commissioners




                                           INOSENTIUS SAMSUL                                              CHOWADJA SANOVA
                                           KOMISARIS                                                      Komisaris Independen
                                           Komisaris                                                      Independent
                                           Commissioner                                                   Commissioner




     Komite Nominasi dan Remunerasi                             Komite Manajemen Risiko
  Nomination and Remuneration Committee                        Risk Management Committee




              ALEX ISKANDAR MUNAF                                         HADI DARYANTO
              Ketua                                                       Ketua
              Chairman                                                    Chairman




              INOSENTIUS SAMSUL                                           INOSENTIUS SAMSUL
              Wakil                                                       Anggota
              Vice                                                        Member




                                                                          FAHMI ANHAR
              CHOWADJA SANOVA
                                                                          NURDIYANTO
              Anggota
                                                                          Anggota
              Member
                                                                          Member




                                                                          FRANSISCA NIKEN
              HADI DARYANTO
                                                                          HANDINI
              Anggota
                                                                          Anggota
              Member
                                                                          Member




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                        Performance Highlights        Management Report        Company Profile            Overview on Business Supports




                           Profil

                    Dewan
                    Komisaris
                    Board of Commissioners Profile


                    Di tahun 2023, terdapat perubahan                     In 2023, the composition of the Board
                    susunan           dan        komposisi      Dewan     of    Commissioners             changed          based
                    Komisaris           berdasarkan       Keputusan       on the Resolutions of the General
                    Rapat        Umum            Pemegang       Saham     Meeting Shareholders (GMS). Changes
                    (RUPS). Perubahan komposisi Dewan                     in the composition of the Board of
                    Komisaris terjadi berdasarkan hasil                   Commissioners occurred based on
                    keputusan RUPS Luar Biasa pada                        the results of the decisions of the
                    tanggal 24 Januari 2023 dan RUPS                      Extraordinary GMS on January 24,
                    Luar Biasa pada tanggal 08 November                   2023 and the Extraordinary GMS dated
                    2023.                                                 November 8, 2023.


                    Kronologi perubahan susunan dan                       The Management Reports Chapter
                    komposisi Dewan Komisaris sepanjang                   and        the           Corporate      Governance
                    tahun 2023, dan sampai dengan                         Chapter in this Annual Report include
                    Laporan Tahunan ini ditandatangani,                   a chronology of the changes to the
                    terlampir pada Bab Laporan Manajemen                  structure and composition of the
                    dan Bab Tata Kelola Perusahaan dalam                  Board of Commissioners that occurred
                    Laporan Tahunan ini.                                  throughout 2023 and up to the signing
                                                                          of this Annual Report.


                    Informasi         profil     Dewan     Komisaris      The following are information on the
                    yang menjabat per 31 Desember 2023,                   profiles of the Board of Commissioners
                    dan sampai dengan Laporan Tahunan                     serving as of December 31, 2023, and
                    ini ditandatangani, adalah sebagai                    at the time of the signing of this Annual
                    berikut:                                              Report:




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                        Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis       Good Corporate Governance          Corporate Social and Environmental Responsibility




    Alex Iskandar Munaf
    Komisaris Utama/ Komisaris Independen
    President/ Independent Commissioner




Masa Jabatan / Term of Office         08 November 2023 – RUPS 2028, Periode Ke-1 (Satu) / November 8, 2023 – GMS 2028, First Period
Kewarganegaraan / Citizenship         Warga Negara Indonesia / Indonesian Citizens
Usia / Age                            62 tahun / 62 years old
Tempat/Tanggal Lahir / Place/         Jakarta, 16 Maret 1961 / Jakarta, March 16, 1961
Date of Birth
Domisili / Domicile                   Tangerang Selatan, Banten / South Tangerang, Banten
Riwayat Penunjukan /                  Pertama kali diangkat sebagai Komisaris Utama merangkap Komisaris Independen PT Semen Baturaja Tbk
Background of Appointment             Berdasarkan Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) yang digelar pada 8 November
                                      2023 yang dinyatakan dalam Akta Notaris Aulia Taufani S.H., No. 21 tanggal 8 November 2023 / First appointed as
                                      President Commissioner and concurrently Independent Commissioner of PT Semen Baturaja Tbk Based on the
                                      Decision of the Extraordinary General Meeting of Shareholders (EGMS) held on November 8 ,2023 as stated in the
                                      Notarial Deed of Aulia Taufani S.H., No. 21 November 8, 2023
Riwayat Pendidikan /                  • S3 PhD Program Economics – American University (1986-1989)
Educational Background                • S2 Masters of Arts Applied Economic – American University (1984-1986)
                                      • S1 Bachelor of Science Business Administration – American University (1981-1984)
Riwayat Pekerjaan / Work              • Komisaris Independen PT Perusahaan Listrik Negara (2021-2023) / Independent Commissioner of PT
Experience                              Perusahaan Listrik Negara (2021-2023)
                                      • Senior Lecturer Finance President University (2012-2018)
                                      • Executive Director ALATIEF Corporation (1993 – 1996)
                                      • Director PT BISMATEK – Business and Management Consultant (1993 – 1996)
                                      • Head of Laboratory for Economics, Management and Quantitative – Economics School for Finance and Banking
                                        of Indonesia ( STEKPI ) Jakarta (1991 – 1993)
                                      • Head of Finance and Banking Program, Economics School for Finance and Banking of Indonesia (STEKPI)
                                        Jakarta (1991-1993)
                                      • Teaching Assistant in Macroeconomics, The American University, Washington DC, USA (1988-1989)
Sertifikasi yang Dimiliki / Owned • Certified Risk Governance Professional (Juli 2023-Juli 2024 / July 2023 – July 2024)
Certification                     • Certification in Audit Committee Practices (21 Desember 2023 / December 21, 2023)
                                  • Pathways to Professional Accountant – Foundation Level (30 September 2021 / September 30, 2021)
Informasi Rangkap Jabatan /           • Ketua Komite Nominasi dan Remunerasi PT Semen Baturaja Tbk (2023 - Sekarang) / Head of the Nomination
Concurrent Position Information         and Remuneration Committee of PT Semen Baturaja Tbk (2023 - Present)
                                      • Anggota Komite Audit PT Semen Baturaja Tbk (2023 - Sekarang) / Member of the Audit Committee of PT Semen
                                        Baturaja Tbk (2023 - Present)
                                      • Senior Lecturer Finance IPMI International Business School (2000 - Sekarang) / Finance Senior Lecturer at IPMI
                                        International Business School (2000 - Present)
                                      • Senior Lecture Finance Swiss German University (2000 – Sekarang / 2000 – present)
Hubungan Afiliasi / Affiliation       Beliau tidak memiliki hubungan afiliasi baik dengan Dewan Komisaris lainnya, Direksi, ataupun dengan Pemegang
                                      Saham Utama dan Pemegang Saham Pengendali, baik langsung maupun tidak langsung / He has no affiliation with
                                      other members of the Board of Commissioners, the Board of Directors, or the Major Shareholders and Controlling
                                      Shareholders, either directly or indirectly.
Pernyataan Independensi /             Beliau telah menyampaikan pernyataan independensi kepada RUPS dan telah membuat surat pernyataan
Statement of Independence             independensi yang ditandatangani pada tanggal 8 November 2023 / He has submitted a statement of independence
                                      to the GMS and has made a statement of independence which was signed on November 8, 2023
Kepemilikan Saham Perusahaan          Beliau tidak memiliki kepemilikan saham di PT Semen Baturaja Tbk / He does not have shareholding in PT Semen
/ Company Shareholding                Baturaja Tbk




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                               Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                               Performance Highlights       Management Report      Company Profile       Overview on Business Supports




                                                                                 Franciscus M.A. Sibarani*
                                                                                                                                  Komisaris Utama
                                                                                                                      President Commissioner




Masa Jabatan / Term of Office          05 Agustus 2020 – 08 November 2023 – Periode Ke-1 (Satu) / August 5, 2020 - November 08, 2023 – 1st
                                       Period
Kewarganegaraan /                      Warga Negara Indonesia / Indonesian Citizens
Citizenship
Usia / Age                             58 tahun / 58 years old
Tempat/Tanggal Lahir /                 Bandung, 28 Agustus 1965 / Bandung, August 28, 1965
Place/Date of Birth
Domisili / Domicile                    Tangerang Selatan, Banten / South Tangerang, Banten
Riwayat Penunjukan /                   Pertama kali diangkat sebagai Komisaris Utama PT Semen Baturaja Tbk berdasarkan Keputusan RUPS
Background of Appointment              Tahunan tanggal 05 Agustus 2020, yang dinyatakan dalam Akta Notaris Fathiah Helmi, No. 29 tanggal 13
                                       Agustus 2020 / First appointed as President Commissioner of PT Semen Baturaja Tbk based on the Annual
                                       General Meeting of Shareholders Decision on August 05, 2020, stated in Deed of Notary Fathiah Helmi, No.
                                       29 of August 13, 2020
Riwayat Pendidikan /                   S1 Teknologi Pertanian - Institut Pertanian Bogor (1988) / Bachelor of Agricultural Technology, Bogor
Educational Background                 Agricultural Institute (1988)
Riwayat Pekerjaan / Work               • Tim Serap Aspirasi Pelaksanaan Undang -Undang Nomor 11 tahun 2020 tentang Cipta Kerja (SK Menteri
Experience                               Koordinator Bidang Perekonomian No.332 tahun 2020) (2020-2021) / Team to Absorb Aspirations for
                                         Implementation of Law Number 11 of 2020 concerning Job Creation (Decree of the Coordinating Minister
                                         for the Economy No.332 of 2020) (2020-2021)
                                       • Komisaris Utama PT Taspen (Persero) (2017 - 2020) / President Commissioner of PT Taspen (Persero)
                                         (2017 - 2020)
                                       • Kepala Badan Koordinasi Penanaman Modal (2014 - 2016) / Head of Investment Coordinating Board (2014
                                         - 2016)
                                       • Chief Corporate Affairs di PT Garudafood Putra Putri Jaya Tbk (2004 - 2014) / Chief Corporate Affairs at
                                         PT Garudafood Putra Putri Jaya Tbk (2004 - 2014)
                                       • General Manager di PT Bumi Mekar Tani (Garudafood Group) (2002 - 2004) / General Manager at PT Bumi
                                         Mekar Tani (Garudafood Group) (2002 - 2004)
                                       • Direktur PT Bedugul (Inter Sarana Globalindo Group) (1999 - 2002) / Director of PT Bedugul (Inter Sarana
                                         Globalindo Group) (1999 - 2002)
                                       • Senior Manager di PT Astra Agro Niaga (PT Astra Agro Lestari Tbk) (1989 - 1999) / Senior Manager at PT
                                         Astra Agro Niaga (PT Astra Agro Lestari Tbk) (1989 - 1999)
Sertifikasi yang Dimiliki /            Tidak ada / None
Owned Certification
Informasi Rangkap Jabatan              • Tim Ahli Menteri Koordinator Bidang Perekonomian Republik Indonesia (2019 - sekarang) / Expert Team
/ Concurrent Position                    of the Coordinating Minister for Economic Affairs of the Republic of Indonesia (2019 - present)
Information                            • Anggota Komite Nominasi dan Remunerasi PT Semen Baturaja Tbk (2020 – 08 November 2023) / Member
                                         of the Nomination and Remuneration Committee of PT Semen Baturaja Tbk (2020 - November 08, 2023)
Hubungan Afiliasi / Affiliation        Beliau tidak memiliki hubungan afiliasi baik dengan Dewan Komisaris lainnya, Direksi, ataupun dengan
                                       Pemegang Saham Utama dan Pemegang Saham Pengendali, baik langsung maupun tidak langsung / He
                                       has no affiliation with other members of the Board of Commissioners, the Board of Directors, or the Major
                                       Shareholders and Controlling Shareholders, either directly or indirectly
Kepemilikan Saham                      Beliau tidak memiliki kepemilikan saham di PT Semen Baturaja Tbk / He does not have shareholding in
Perusahaan / Company                   PT Semen Baturaja Tbk
Shareholding
*Beliau sudah tidak lagi menjabat pada tanggal 08 November 2023, berdasarkan Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) / He no longer

serves on November 8, 2023, based on the Extraordinary General Meeting of Shareholders (EGMS) Decision



120          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 123
                       Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis      Good Corporate Governance          Corporate Social and Environmental Responsibility




    Hadi Daryanto
    Komisaris
    Commissioner




Masa Jabatan / Term of Office        24 Januari 2023 – RUPS 2028, Periode Ke-1 (Satu) / January 24, 2023 – 2028 GMS, 1st (One) Period
Kewarganegaraan /                    Warga Negara Indonesia / Indonesian Citizens
Citizenship
Usia / Age                           66 tahun / 66 years old
Tempat/Tanggal Lahir /               Bandung, 20 Oktober 1957 / Bandung, October 20, 1957
Place/Date of Birth
Domisili / Domicile                  Jakarta Pusat, DKI Jakarta / Central Jakarta, DKI Jakarta
Riwayat Penunjukan /                 Pertama kali diangkat sebagai Komisaris PT Semen Baturaja Tbk berdasarkan Keputusan RUPS Luar Biasa
Background of Appointment            tanggal 24 Januari 2023, yang dinyatakan dalam Akta Notaris Fathiah Helmi, No. 45 tanggal 01 Februari 2023
                                     / First appointed as Commissioner of PT Semen Baturaja Tbk based on the Extraordinary GMS Decision on
                                     January 24, 2023, stated in the Deed of Notary Fathiah Helmi, No. 45 of February 1, 2023.
Riwayat Pendidikan /                 • S3 Doctor Ingenieur (Dr. Ing), Advanced Wood Science & Tech, Grand Ecole, Ecole National Superieur
Educational Background                 d’Ectronique & Mecanique (E.N.S.E.M) – Institute National Polytechnique de Loraine (I.N.P.L), Nancy -
                                       France (1988)
                                     • S2 Diplome Etudiante D’approfondies (D.E.A), Wood Science at France Grand Ecole: E.N.S.E.M (Ecole
                                       National Superieur D’electricite Et Mecanique), I.N.P.L (Institute National Polytechnique de Loraine) &
                                       University of Nancy - France (1985)
                                     • S1 Forest Management dari Institut Pertanian Bogor (1981) / S1 Forest Management from Bogor
                                       Agricultural Institute (1981)
Riwayat Pekerjaan / Work             • Staf Ahli Menteri Lingkungan Hidup dan Kehutanan (2017-2018) / Senior Advisor to Minister of
Experience                             Environment and Forestry (2017- 2018)
                                     • Direktur Jenderal Perhutanan Sosial dan Kemitraan, Kementerian Lingkungan Hidup dan Kehutanan
                                       (2015-2017) / Director General of Social Forestry and Partnership, Ministry of Environment and Forestry
                                       (2015-2017)
                                     • Berbagai jabatan lainnya di Kementerian Lingkungan Hidup dan Kehutanan (1981-2015) / Various other
                                       positions at the Ministry of Environment and Forestry (1981-2015)
Sertifikasi yang Dimiliki /          Qualified Risk Governance Professional (QRGP) (berlaku s.d 5 Oktober 2026) / Qualified Risk Governance
Owned Certification                  Professional (QRGP) (valid until October 5, 2026)
Informasi Rangkap Jabatan            • Staf Khusus Menteri Perdagangan Bidang Promosi Perdagangan Dalam Negeri (2018 - Sekarang) /
/ Concurrent Position                  Special Staff to the Minister of Trade for Domestic Trade Promotion (2018 - Present)
Information                          • Ketua Komite Manajemen Risiko PT Semen Baturaja Tbk (2023 - Sekarang) / Head of the Risk Management
                                       Committee of PT Semen Baturaja Tbk (2023 - Present)
                                     • Anggota Komite Nominasi & RemunerasiPT Semen Baturaja Tbk (2023 - Sekarang) / Nomination &
                                       Remuneration Committee Member PT Semen Baturaja Tbk (2023 - Present)
Hubungan Afiliasi / Affiliation      Beliau tidak memiliki hubungan afiliasi baik dengan Dewan Komisaris lainnya, Direksi, ataupun dengan
                                     Pemegang Saham Utama dan Pemegang Saham Pengendali, baik langsung maupun tidak langsung / He
                                     has no affiliation with other members of the Board of Commissioners, the Board of Directors, or the Major
                                     Shareholders and Controlling Shareholders, either directly or indirectly.
Kepemilikan Saham                    Beliau tidak memiliki kepemilikan saham di PT Semen Baturaja Tbk / He does not have shareholding in PT
Perusahaan / Company                 Semen Baturaja Tbk.
Shareholding




                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
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                               Ikhtisar Kinerja             Laporan Manajemen     Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                               Performance Highlights       Management Report     Company Profile       Overview on Business Supports




                                                                                                      Inosentius Samsul
                                                                                                                                            Komisaris
                                                                                                                                         Commissioner




Masa Jabatan / Term of Office          08 November 2023 – RUPS 2028 - Periode Ke-1 (Satu) / November 8, 2023 – GMS 2028 - 1st Period
Kewarganegaraan /                      Warga Negara Indonesia / Indonesian Citizens
Citizenship
Usia / Age                             58 tahun / 58 years old
Tempat/Tanggal Lahir /                 Manggarai, 10 Juli 1965 / Manggarai, July 10, 1965
Place/Date of Birth
Domisili / Domicile                    Tangerang, Banten
Riwayat Penunjukan /                   Pertama kali diangkat sebagai Komisaris PT Semen Baturaja Tbk berdasarkan Keputusan Rapat Umum
Background of Appointment              Pemegang Umum Luar Biasa (RUPSLB) yang digelar pada tanggal 8 November 2023 yang dinyatakan dalam
                                       Akta Notaris Aulia Taufani S.H., No. 21 tanggal 8 November 2023. / First appointed as Commissioner of PT
                                       Semen Baturaja Tbk based on the Decision of the Extraordinary General Meeting of Shareholders (EGMS)
                                       held dated November 8, 2023 as stated in the Deed of Notary Aulia Taufani S.H., No. 21 dated November 8,
                                       2023.
Riwayat Pendidikan /                   • S3 Ilmu Hukum Ekonomi, Universitas Indonesia (2003) / Doctoral Degree of Economic Law at University
Educational Background                   of Indonesia (2003)
                                       • S2 Ilmu Hukum Ekonomi, Universitas Tarumanegara (1997) / Masters of Economic Law at Tarumanagara
                                         University (1997)
                                       • S1 Ilmu Hukum, Universitas Gadjah Mada (1989) / Bachelor’s Degree of Law at Gadjah Mada University
                                         (1989)
Riwayat Pekerjaan / Work               • Kepala Badan Keahlian Setjen DPR RI (2020) / Head of the DPR RI Secretariat General’s Expertise Agency
Experience                               (2020)
                                       • Kepala Pusat Perancangan UU Badan Keahlian DPR RI (2015-2020) / Head of the DPR RI Expertise Body
                                         Law Drafting Center (2015-2020)
                                       • Peneliti Bidang Hukum DPR (1995-2015) / DPR Legal Researcher (1995-2015)
                                       • Staf Setjen DPR RI (1990-1995) / Staff of the Secretariat General of the DPR RI (1990-1995)
Sertifikasi yang Dimiliki /            Sertifikasi Tingkat Dasar Pengadaan Barang/Jasa Pemerintah / Basic Level Certification for Procurement
Owned Certification                    of Government Goods/Services
Informasi Rangkap Jabatan              • Wakil Ketua Komite Nominasi & Remunerasi PT Semen Baturaja Tbk (2023 – Sekarang) / Deputy Chair of
/ Concurrent Position                    the Nomination & Remuneration Committee of PT Semen Baturaja Tbk (2023 – Present)
Information                            • Anggota Komite Manajemen Risiko PT Semen Baturaja Tbk (2023 - Sekarang) / Member of the Risk
                                         Management Committee of PT Semen Baturaja Tbk (2023 - Present)
Hubungan Afiliasi / Affiliation        Beliau tidak memiliki hubungan afiliasi baik dengan Dewan Komisaris lainnya, Direksi, ataupun dengan
                                       Pemegang Saham Utama dan Pemegang Saham Pengendali, baik langsung maupun tidak langsung / He
                                       has no affiliation with other members of the Board of Commissioners, the Board of Directors, or the Major
                                       Shareholders and Controlling Shareholders, either directly or indirectly
Kepemilikan Saham                      Beliau tidak memiliki kepemilikan saham di PT Semen Baturaja Tbk / He does not have shareholding in
Perusahaan / Company                   PT Semen Baturaja Tbk.
Shareholding




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                       Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis      Good Corporate Governance          Corporate Social and Environmental Responsibility




    Chowadja Sanova
    Komisaris Independen
    Independent Commissioner




Masa Jabatan / Term of Office        27 Mei 2021 – RUPS 2026, Periode Ke-1 (Satu) / May 27, 2021 – 2026 GMS, 1st (One) Period
Kewarganegaraan /                    Warga Negara Indonesia / Indonesian Citizens
Citizenship
Usia / Age                           39 tahun / 39 years old
Tempat/Tanggal Lahir /               Lhokseumawe, 16 Juli 1984 / Lhokseumawe, July 16, 1984
Place/Date of Birth
Domisili / Domicile                  Tangerang Selatan, Banten / South Tangerang, Banten
Riwayat Penunjukan /                 Pertama kali diangkat sebagai Komisaris Independen PT Semen Baturaja Tbk berdasarkan Keputusan RUPS
Background of Appointment            Tahunan tanggal 27 Mei 2021, yang dinyatakan dalam Akta Notaris Fathiah Helmi, No. 24 tanggal 27 Mei 2021
                                     / First appointed as Independent Commissioner of PT Semen Baturaja Tbk based on the Resolution of the
                                     Annual General Meeting of Shareholders on May 27, 2021, which is stated in Deed of Notary Fathiah Helmi,
                                     No. 24 dated May 27, 2021.
Riwayat Pendidikan /                 • S2 Magister Manajemen, Robert Gordon University, Aberdeen Scotland, UK (2012) / Master of
Educational Background                 Management, Robert Gordon University, Aberdeen Scotland, UK (2012)
                                     • S1 Banking and Finance, Universitas Victoria Melbourne, Australia (2006) / Bachelor of Banking and
                                       Finance, University of Victoria Melbourne, Australia (2006)
Riwayat Pekerjaan / Work             • Director of Operation PT Sanjaya Cipta Sejahtera (2019 - 2021)
Experience                           • Director of Operation PT Sanjaya Energi Asri (2015 - 2018)
                                     • Budget and Cost Control of PT Indo Gas Methan (2013 - 2015)
                                     • Budget and Cost Control SOEL/SMEC MEO Australia Internasional Ltd (2012 - 2013)
                                     • BTPO/CPO Planning Analyst, Mobil Cepu Ltd, Exxon Mobil Indonesia (2009 - 2011)
                                     • Financial Analyst USB GREF (Global Real Estate Facilities), Exxon Mobil Indonesia (2008-2009)
Sertifikasi yang Dimiliki /          Tidak ada / None
Owned Certification
Informasi Rangkap Jabatan            • Ketua Komite Audit PT Semen Baturaja Tbk (2023 – Sekarang) / Chairman of the Audit Committee of PT
/ Concurrent Position                  Semen Baturaja Tbk (2023 – Present)
Information                          • Anggota Komite Nominasi & Remunerasi PT Semen Baturaja Tbk (2023 - Sekarang) / Member of the
                                       Nomination & Remuneration Committee of PT Semen Baturaja Tbk (2023 - Present)
Hubungan Afiliasi / Affiliation      Beliau tidak memiliki hubungan afiliasi baik dengan Dewan Komisaris lainnya, Direksi, ataupun dengan
                                     Pemegang Saham Utama dan Pemegang Saham Pengendali, baik langsung maupun tidak langsung / He
                                     has no affiliation with other members of the Board of Commissioners, the Board of Directors, or the Major
                                     Shareholders and Controlling Shareholders, either directly or indirectly
Pernyataan Independensi /            Beliau telah menyampaikan pernyataan independensi kepada RUPS dan telah membuat surat pernyataan
Independence Statement               independensi yang ditandatangani pada tanggal 25 Mei 2021 / He has submitted a statement of
                                     independence to the GMS and has made a statement of independence which was signed on May 25, 2021.
Kepemilikan Saham                    Beliau tidak memiliki kepemilikan saham di PT Semen Baturaja Tbk / He does not have shareholding in PT
Perusahaan / Company                 Semen Baturaja Tbk
Shareholding




                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
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                        Ikhtisar Kinerja              Laporan Manajemen       Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                        Performance Highlights        Management Report       Company Profile     Overview on Business Supports




                           Profil

                    Direksi
                    Board of Directors Profile


                    Di tahun 2023, terdapat perubahan                      In 2023, there were changes to the
                    susunan           dan        komposisi      Direksi    composition of the Board of Directors
                    berdasarkan Keputusan Rapat Umum                       based on the Resolutions of the Annual
                    Pemegang Saham (RUPS) Luar Biasa                       and Extraordinary General Meeting of
                    dan Tahunan. Perubahan komposisi                       Shareholders (GMS). The changes in the
                    Direksi       terjadi        berdasarkan       hasil   composition of the Board of Directors
                    keputusan RUPS Luar Biasa pada                         occurred based on Resolutions of the
                    tanggal        24      Januari     2023,      RUPS     Extraordinary GMS on January 24,
                    Tahunan pada tanggal 08 Mei 2023,                      2023, Annual GMS on May 8, 2023, and
                    dan RUPS Luar Biasa pada tanggal 08                    Extraordinary GMS on November 8,
                    November 2023.                                         2023.


                    Kronologi perubahan susunan dan                        The chronology of changes in the
                    komposisi Direksi sepanjang tahun                      structure and composition of the Board
                    2023, dan sampai dengan Laporan                        of Directors throughout 2023, and up
                    Tahunan ini ditandatangani, terlampir                  until the signing of this Annual Report,
                    pada Bab Laporan Manajemen dan Bab                     is attached to the Management Reports
                    Tata Kelola Perusahaan dalam Laporan                   Chapter and Corporate Governance
                    Tahunan ini.                                           Chapter in this Annual Report.


                    Informasi            profil      Direksi       yang    The following are information on the
                    menjabat per 31 Desember 2023, dan                     profiles of the Board of Directors
                    sampai        dengan          Laporan      Tahunan     serving as of December 31, 2023, and
                    ini ditandatangani, adalah sebagai                     at the time of the signing of this Annual
                    berikut:                                               Report:




124   PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                            Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                            Management Discussion and Analysis          Good Corporate Governance               Corporate Social and Environmental Responsibility




     Suherman Yahya
     Direktur Utama
     President Director




Masa Jabatan / Term of Office       08 November 2023 – RUPS 2027, Periode Ke-1 (Satu) / November 08, 2023 – 2027 GMS, 1st (First) Period
Kewarganegaraan / Citizenship       Warga Negara Indonesia / Indonesian Citizens
Usia / Age                          49 tahun / 49 years old
Tempat/Tanggal Lahir / Place/       Jakarta, 01 Februari 1974 / Jakarta, February 1, 1974
Date of Birth
Domisili / Domicile                 Palembang, Sumatra Selatan / Palembang, South Sumatra
Riwayat Penunjukan /                • Pertama kali diangkat menjadi Direksi PT Semen Baturaja Tbk sebagai Direktur Produksi dan Pengembangan berdasarkan Keputusan
Background of Appointment             RUPS Tahunan tanggal 25 Maret 2022, yang dinyatakan dalam Akta Notaris Fathiah Helmi, No. 21 tanggal 18 April 2022. Kemudian
                                      berdasarkan Keputusan RUPS Luar Biasa tanggal 24 Januari 2023, terdapat perubahan nomenklatur jabatan dari Direktur Produksi
                                      dan Pengembangan, menjadi Direktur (Fungsi Operasi) / First appointed to the Board of Directors of PT Semen Baturaja Tbk as
                                      Director of Production and Development based on the Resolution of the Annual GMS dated March 25, 2022, which was stated in the
                                      Notarial Deed of Fathiah Helmi, No. 21 dated April 18, 2022. Then based on the Extraordinary GMS Decision dated January 24, 2023,
                                      there was a change in the position nomenclature from Director of Production and Development, to Director (Operations Function)
                                    • Diangkat kembali menjadi Direktur Utama berdasarkan Keputusan RUPS Luar Biasa tanggal 08 November 2023 yang dinyatakan dalam
                                      Akta Notaris Aulia Taufani, S.H. No. 21 Tanggal 08 November 2023 / Reappointed as President Director based on the Extraordinary
                                      GMS Resolution dated November 8, 2023 as stipulated in the Notarial Deed of Aulia Taufani, S.H. No. 21 dated November 8, 2023
Riwayat Pendidikan /                S1 Teknik Elektro, Universitas Indonesia (1999) / Bachelor of Electrical Engineering, University of Indonesia (1999)
Educational Background
Riwayat Pekerjaan / Work            • Direktur (Fungsi Operasi) PT Semen Baturaja Tbk (2023) / Director (Operations Function) of PT Semen Baturaja Tbk (2023)
Experience                          • Direktur Produksi & Pengembangan PT Semen Baturaja Tbk (2022-2023) / Director of Production & Development of PT Semen
                                      Baturaja Tbk (2022-2023)
                                    • Komisaris PT Baturaja Daya Insani (2022 - 2023) / Commissioner of PT Baturaja Daya Insani (2022 - 2023)
                                    • Vice President Research & Engineering PT Semen Baturaja (Persero) Tbk (2021 - 2022) / Vice President Research & Engineering of PT
                                      Semen Baturaja (Persero) Tbk (2021 - 2022)
                                    • Vice President Strategic Planning & Project Management Office PT Semen Baturaja Tbk (2020 – 2021) / Vice President Strategic
                                      Planning & Project Management Office of PT Semen Baturaja Tbk (2020 – 2021)
                                    • Vice President PMO PT Semen Baturaja (Persero) Tbk (2019 – 2020) / Vice President PMO of PT Semen Baturaja (Persero) Tbk (2019
                                      – 2020)
                                    • Vice President Strategic Planning dan PMO merangkap Vice President ICT PT Semen Baturaja (Persero) Tbk (2018-2019) / Vice
                                      President Strategic Planning and PMO cum Vice President ICT of PT Semen Baturaja (Persero) Tbk (2018-2019)
                                    • Ketua Tim Akuisisi Tambang Batu Kapur PT Semen Baturaja (Persero) Tbk (2018) / Head of Limestone Mine Acquisition Team of PT
                                      Semen Baturaja (Persero) Tbk (2018)
                                    • Project Manager Tim Akuisisi Tambang Batubara PT Semen Baturaja (Persero) Tbk (2018) / Project Manager for Coal Mine Acquisition
                                      Team of PT Semen Baturaja (Persero) Tbk (2018)
                                    • Vice President Quality, Health, Safety and Environment (QHSE) merangkap Vice President Strategic Planning dan Project Management
                                      Office PT Semen Baturaja (Persero) Tbk (2018) / Vice President Quality, Health, Safety and Environment (QHSE) cum Vice President
                                      Strategic Planning and Project Management Office of PT Semen Baturaja (Persero) Tbk (2018)
                                    • Ka. Departemen Litbang PT Semen Baturaja (Persero) Tbk (2013 - 2018) / Head of R&D Department of PT Semen Baturaja (Persero)
                                      Tbk (2013 - 2018)
                                    • Ka. Departemen Logistik PT Semen Baturaja (Persero) Tbk (2011 – 2013) / Head of Logistics Department of PT Semen Baturaja
                                      (Persero) Tbk (2011 – 2013)
                                    • Kepala Biro Perencanaan Teknik Pabrik PT Semen Baturaja (Persero) (2010-2011) / Head of Plant Engineering Planning Bureau of PT
                                      Semen Baturaja (Persero) (2010-2011)
                                    • Kepala Biro Pemeliharaan PT Semen Baturaja (Persero) (2009-2010) / Head of Maintenance Bureau of PT Semen Baturaja (Persero)
                                      (2009-2010)
                                    • Kepala Bagian Pemeliharaan Listrik & Instrumen PT Semen Baturaja (Persero) (2003-2006) / Head of Electrical & Instrument
                                      Maintenance Section of PT Semen Baturaja (Persero) (2003-2006)
Sertifikasi yang Dimiliki / Owned   • Certified Governance, Risk and Compliance Professional Advanced oleh Motekar Indonesia (Tahun 2022, masa berlaku hingga Juni
Certification                         2026) / Certified Governance, Risk and Compliance Professional Advanced by Motekar Indonesia (2022, valid until June 2026)
                                    • Sertifikasi Profesi Dana Pensiun oleh Lembaga Sertifikasi Profesi Dana Pensiun (Tahun 2022, masa berlaku sampai dengan selesai
                                      masa jabatannya) / Pension Fund Professional Certification by the Pension Fund Professional Certification Institute (2022, valid until
                                      the end of the term of office)
Informasi Rangkap Jabatan /         Ketua Dewan Pengawas Dana Pensiun Karyawan Semen Baturaja (2023 – Sekarang) / Chairman of the Supervisory Board of the Semen
Concurrent Position Information     Baturaja Employee Pension Fund (2023 – Present)
Hubungan Afiliasi / Affiliation     Beliau tidak memiliki hubungan afiliasi baik dengan Direksi lainnya, Dewan Komisaris, ataupun dengan Pemegang Saham Utama dan
                                    Pemegang Saham Pengendali, baik langsung maupun tidak langsung / He has no affiliation with other Directors, Board of Commissioners,
                                    or Major Shareholders and Controlling Shareholders, either directly or indirectly.
Kepemilikan Saham Perusahaan        Beliau memiliki kepemilikan saham di PT Semen Baturaja Tbk sebanyak 16.098 lembar saham atau sebesar 0,00016%, yang merupakan
/ Company Shareholding              kepemilikan langsung / He has shareholding in PT Semen Baturaja Tbk of 16,098 shares or 0.00016%, which is direct ownership.



                                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                  Ikhtisar Kinerja              Laporan Manajemen          Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                                  Performance Highlights        Management Report          Company Profile         Overview on Business Supports




                                                                                                                   Daconi Khotob*
                                                                                                                                               Direktur Utama
                                                                                                                                           President Director




Masa Jabatan / Term of Office             25 Maret 2022 – 08 November 2023, Periode Ke-2 (Dua) / March 25, 2022 – November 8, 2023, 2nd (Second) Period
Kewarganegaraan / Citizenship             Warga Negara Indonesia / Indonesian Citizens
Usia / Age                                52 tahun / 52 years old
Tempat/Tanggal Lahir / Place/             Tanjung Karang, 14 Juni 1971 / Tanjung Karang, June 14, 1971
Date of Birth
Domisili / Domicile                       Bandar Lampung, Lampung
Riwayat Penunjukan / Background           • Pertama kali diangkat menjadi Direksi PT Semen Baturaja (Persero) Tbk sebagai Direktur Produksi dan Pengembangan
of Appointment                              berdasarkan Keputusan RUPS Tahunan tanggal 27 April 2017, yang dinyatakan dalam Akta Notaris Fathiah Helmi, No.
                                            8 tanggal 05 Juni 2017 / First appointed as Director of Production and Development as Director of PT Semen Baturaja
                                            (Persero) Tbk based on the Resolution of the Annual General Meeting of Shareholders on 27 April 2017, as stated in Deed
                                            of Notary Fathiah Helmi, No. 8 dated June 5, 2017.
                                          • Diangkat kembali menjadi Direksi PT Semen Baturaja Tbk sebagai Direktur Utama berdasarkan Keputusan RUPS
                                            Tahunan tanggal 25 Maret 2022, yang dinyatakan dalam Akta Notaris Fathiah Helmi, No. 21 tanggal 18 April 2022 /
                                            Reappointed as the Board of Directors of PT Semen Baturaja Tbk as President Director based on the Resolution of
                                            the Annual General Meeting of Shareholders on March 25, 2022, stated in Deed of Notary Fathiah Helmi, No. 21 April 18,
                                            2022.
Riwayat Pendidikan / Educational          • S2 Magister Manajemen, Universitas Andalas (2009) / Master of Management, Andalas University (2009)
Background                                • S1 Teknik Kimia, Universitas Gadjah Mada (1995) / Bachelor of Chemical Engineering, Gadjah Mada University (1995)
Riwayat Pekerjaan / Work                  • Direktur Produksi & Pengembangan PT Semen Baturaja (Persero) Tbk (2017 - 2022) / Director of Production &
Experience                                  Development of PT Semen Baturaja (Persero) Tbk (2017 - 2022)
                                          • Komisaris PT Baturaja Multi Usaha (Entitas Anak Semen Baturaja) (2019) / Commissioner of PT Baturaja Multi Usaha
                                            (Subsidiary Entity of Semen Baturaja) (2019)
                                          • Direktur Utama Klub Sepak Bola PT Kabau Sirah SP (2014 - 2017) / President Director of PT Kabau Sirah SP Football Club
                                            (2014 - 2017)
                                          • GM Produksi V PT Semen Padang (Semen Indonesia Group) (2016 - 2017) / GM Production V PT Semen Padang (Semen
                                            Indonesia Group) (2016 - 2017)
                                          • GM Produksi IV PT Semen Padang (Semen Indonesia Group) (2015 - 2016) / GM Production IV PT Semen Padang (Semen
                                            Indonesia Group) (2015 - 2016)
                                          • GM Produksi II/III PT Semen Padang (Semen Indonesia Group) (2013 - 2014) / GM Production II/III PT Semen Padang
                                            (Semen Indonesia Group) (2013 - 2014)
                                          • Ka. Biro Humas PT Semen Padang (Semen Indonesia Group) (2009 - 2012) / Head of Public Relations Bureau of PT Semen
                                            Padang (Semen Indonesia Group) (2009 - 2012)
                                          • Ka. Biro Produksi II/III PT Semen Padang (Semen Indonesia Group) (2006 - 2009) / Head of Production Bureau II/III PT
                                            Semen Padang (Semen Indonesia Group) (2006 - 2009)
Sertifikasi yang Dimiliki / Owned         Sertifikasi Profesi Insinyur Profesional Utama (2021) / Primary Professional Engineer Professional Certification (2021)
Certification
Informasi Rangkap Jabatan /               Beliau tidak memiliki rangkap jabatan baik di luar maupun di dalam Perusahaan, ataupun pada Entitas Anak Perusahaan /
Concurrent Position Information           He does not have concurrent positions either inside or outside the Company, or in Subsidiaries.
Hubungan Afiliasi / Affiliation           Beliau tidak memiliki hubungan afiliasi baik dengan Direksi lainnya, Dewan Komisaris, ataupun dengan Pemegang Saham
                                          Utama dan Pemegang Saham Pengendali, baik langsung maupun tidak langsung / He has no affiliation with other Directors,
                                          Board of Commissioners, or Major Shareholders and Controlling Shareholders, either directly or indirectly
Kepemilikan Saham Perusahaan /            Beliau memiliki kepemilikan saham di PT Semen Baturaja Tbk sebanyak 12.500 lembar saham atau sebesar 0,00013%, yang
Company Shareholding                      merupakan kepemilikan langsung / He has a shareholding in PT Semen Baturaja Tbk of 12,500 shares or 0.00013%, which
                                          is direct ownership
*Beliau sudah tidak lagi menjabat pada tanggal 08 November 2023, berdasarkan Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) / He no longer

serves on November 8, 2023, based on the Extraordinary General Meeting of Shareholders (EGMS) Decision




126          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 129
                       Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis      Good Corporate Governance          Corporate Social and Environmental Responsibility




    Muhammad Syafitri
    Direktur (Fungsi Operasi)
    Director (Operation Function)




Masa Jabatan / Term of Office        08 November 2023 – RUPS 2028, Periode Ke-1 (Satu) / November 8, 2023 – GMS 2028, 1st (First) Period
Kewarganegaraan /                    Warga Negara Indonesia / Indonesian Citizens
Citizenship
Usia / Age                           55 tahun / 55 years old
Tempat/Tanggal Lahir /               Padang, 28 Desember 1968 / Padang, December 28, 1968
Place/Date of Birth
Domisili / Domicile                  Padang, Sumatra Barat / Padang, West Sumatra
Riwayat Penunjukan /                 Pertama kali diangkat sebagai Direktur (Fungsi Operasi) PT Semen Baturaja Tbk berdasarkan Keputusan
Background of Appointment            Rapat Umum Pemegang Umum Luar Biasa (RUPSLB) yang digelar pada tanggal 08 November 2023 yang
                                     dinyatakan dalam Akta Notaris Aulia Taufani S.H., No. 21 tanggal 08 November 2023. / First appointed as
                                     Operations Director of PT Semen Baturaja Tbk based on the Decision of the Extraordinary General Meeting
                                     of Shareholders (EGMS) held on November 08, 2023 as stated in the Deed of Notary Aulia Taufani S.H., No.
                                     21 dated November 08, 2023.
Riwayat Pendidikan /                 • S2 Magister Manajemen, Universitas Andalas (2010) / Master of Management, Andalas University (2010)
Educational Background               • S1 Teknik Mesin, Universitas Andalas (1993) / Bachelor’s Degree of Mechanical Engineering, Andalas
                                       University (1993)
Riwayat Pekerjaan / Work             • GM of Maintenance PT Semen Padang (2019 – 2023)
Experience                           • GM of Engineering PT Semen Padang (2018 – 2019)
                                     • GM of Plant Engineering PT Semen Padang (2017 – 2018)
                                     • GM of Production PT Semen Padang (2014 – 2017)
                                     • GM of Mining PT Semen Padang (2011 – 2014)
                                     • SM of Mechanical Maintenance PT Semen Padang (2009 – 2011)
Sertifikasi yang Dimiliki /          • Sertifikat Profesi Insinyur Profesional Utama (2022) / Primary Professional Engineer Professional
Owned Certification                    Certificate (2022)
                                     • Sertifikat Asessor LSP Asosiasi Semen (2011) / Cement Association LSP Assessor Certificate (2011)
                                     • Sertifikat Ahli K3 (2010) / OHS Expert Certificate (2010)
Informasi Rangkap Jabatan            Beliau tidak memiliki rangkap jabatan baik di luar maupun di dalam Perusahaan, ataupun pada Entitas
/ Concurrent Position                Anak Perusahaan / He does not have concurrent positions either inside or outside the Company, or in
Information                          Subsidiaries.
Hubungan Afiliasi / Affiliation      Beliau tidak memiliki hubungan afiliasi baik dengan Direksi lainnya, Dewan Komisaris, ataupun dengan
                                     Pemegang Saham Utama dan Pemegang Saham Pengendali, baik langsung maupun tidak langsung / He
                                     has no affiliation with other Directors, Board of Commissioners, or Major Shareholders and Controlling
                                     Shareholders, either directly or indirectly
Kepemilikan Saham                    Beliau tidak memiliki kepemilikan saham di PT Semen Baturaja Tbk / He does not have shareholding in
Perusahaan / Company                 PT Semen Baturaja Tbk.
Shareholding




                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
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                               Ikhtisar Kinerja             Laporan Manajemen    Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                               Performance Highlights       Management Report    Company Profile         Overview on Business Supports




                                                                                                         Rahmat Hidayat
                                                                                                     Direktur (Fungsi Keuangan dan SDM)
                                                                                                     Director (Finance and HR Department)




Masa Jabatan / Term of Office          8 Mei 2023 – RUPS 2028, Periode Ke-1 (Satu) / May 8, 2023 – GMS 2028, 1st (First) Period
Kewarganegaraan /                      Warga Negara Indonesian / Indonesian Citizens
Citizenship
Usia / Age                             41 tahun / 41 years old
Tempat/Tanggal Lahir /                 Padang, 7 Agustus 1982 / Padang, August 7, 1982
Place/Date of Birth
Domisili / Domicile                    Makasar, Sulawesi Selatan / Makassar, South Sulawesi
Riwayat Penunjukan /                   Berdasarkan keputusan pada Rapat Umum Pemegang Saham Tahunan (RUPST) Tahun Buku 2022 pada
Background of Appointment              tanggal 08 Mei 2023 yang dinyatakan dalam Akta Notaris Aryanti Artisari S.H., M.Kn., No. 11 tanggal 08 Mei
                                       2023 / Based on the 2022 Annual General Meeting of Shareholders (AGMS) on May 8, 2023, as stated in the
                                       Notarial Deed of Aryanti Artisari S.H., M.Kn., No. 11 dated May 08, 2023.
Riwayat Pendidikan /                   • S2 Master of Business Administration (MBA), Universitas Gadjah Mada (2022) / Master of Business
Educational Background                   Administration (MBA) at Gadjah Mada University (2022)
                                       • S1 Akuntansi, Perbanas Institute (2005) / Bachelor’s Degree of Accounting at Perbanas Institute (2005)
Riwayat Pekerjaan / Work               • Direktur Keuangan PT Semen Indonesia Beton (SIB) (2019 – 2023) / Director of Finance of PT Semen
Experience                               Indonesia Beton (SIB) (2019 – 2023)
                                       • Ketua Tim Task Force Remedial Recovery PT Semen Indonesia (Persero) Tbk (SIG) (2023 – Sekarang) /
                                         Head of Task Force Remedial Recovery Team of PT Semen Indonesia (Persero) Tbk (SIG) (2023 – Present)
                                       • Komisaris Utama PT Varia Usaha Beton (VUB) (2021 - 2023) / President Commissioner of PT Varia Usaha
                                         Beton (VUB) (2021 - 2023)
                                       • Direktur Keuangan PT Topabiring Trans Logistik (Afiliasi PT Semen Tonasa (2018 – 2019) / Director of
                                         Finance of PT Topabiring Trans Logistik (Affiliates of PT Semen Tonasa (2018 – 2019)
Sertifikasi yang Dimiliki /            Tidak ada. / None.
Owned Certification
Informasi Rangkap Jabatan              Beliau tidak memiliki rangkap jabatan baik di luar maupun di dalam Perusahaan, ataupun pada Entitas
/ Concurrent Position                  Anak Perusahaan / He does not have concurrent positions either inside or outside the Company, or in
Information                            Subsidiaries.
Hubungan Afiliasi / Affiliation        Beliau tidak memiliki hubungan afiliasi baik dengan Direksi lainnya, Dewan Komisaris, ataupun dengan
                                       Pemegang Saham Utama dan Pemegang Saham Pengendali, baik langsung maupun tidak langsung / He
                                       has no affiliation with other Directors, Board of Commissioners, or Major Shareholders and Controlling
                                       Shareholders, either directly or indirectly
Kepemilikan Saham                      Beliau tidak memiliki kepemilikan saham di PT Semen Baturaja Tbk / He does not have shareholding in PT
Perusahaan / Company                   Semen Baturaja Tbk.
Shareholding




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                          Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                          Management Discussion and Analysis        Good Corporate Governance             Corporate Social and Environmental Responsibility




     Tubagus M. Dharury*
     Direktur (Fungsi Keuangan dan SDM)
     Director (Finance and HR Function)




Masa Jabatan / Term of Office           25 Maret 2022 – 08 Mei 2023, Periode Ke-1 (Satu) / March 25, 2022 – May 8, 2023, 1st (First) Period
Kewarganegaraan / Citizenship           Warga Negara Indonesia / Indonesian Citizens
Usia / Age                              56 tahun / 56 years old
Tempat/Tanggal Lahir / Place/           Surabaya, 29 Maret 1967 / Surabaya, March 29, 1967
Date of Birth
Domisili / Domicile                     Palembang, Sumatra Selatan / Palembang, South Sumatra
Riwayat Penunjukan / Background         Pertama kali diangkat menjadi Direksi PT Semen Baturaja Tbk sebagai Direktur Keuangan dan Manajemen Risiko
of Appointment                          berdasarkan Keputusan RUPS Tahunan tanggal 25 Maret 2022, yang dinyatakan dalam Akta Notaris Fathiah Helmi No. 21
                                        tanggal 18 April 2022. Kemudian berdasarkan Keputusan RUPS Luar Biasa tanggal 24 Januari 2023, terdapat perubahan
                                        nomenklatur jabatan dari Direktur Keuangan dan Manajemen Risiko, menjadi Direktur (Fungsi Keuangan dan SDM) /
                                        First appointed as the Director of Finance and Risk Management as the Director of PT Semen Baturaja Tbk based on the
                                        Resolution of the Annual General Meeting of Shareholders on March 25, 2022, as stated in Deed of Notary Fathiah Helmi
                                        No. 21 of April 18, 2022. Then based on the Extraordinary GMS Resolution dated January 24, 2023, there was a change
                                        in the position nomenclature from Director of Finance and Risk Management to Director (Finance and HR Department).
Riwayat Pendidikan / Educational        • S2 Magister Manajemen, Universitas Gadjah Mada (2008) / Master of Management, Gadjah Mada University (2008)
Background                              • S1 Akuntansi, Universitas Airlangga (1991) / Bachelor of Accounting, Airlangga University (1991)
Riwayat Pekerjaan / Work                • Direktur Keuangan PT Semen Padang (Semen Indonesia Group) (2019-2022) / Director of Finance of PT Semen Padang
Experience                                (Semen Indonesia Group) (2019-2022)
                                        • Komisaris Utama PT Sepatim Batamtama (2019 - 2022) / President Commissioner of PT Sepatim Batamtama (2019 -
                                          2022)
                                        • Dewan Komisaris PT United Tractors Semen Gresik (2014 - 2019) / Board of Commissioners of PT United Tractors Semen
                                          Gresik (2014 - 2019)
                                        • General Manager Internal Audit Group PT Semen Indonesia (Persero) Tbk (2017-2019) / General Manager of Internal Audit
                                          Group of PT Semen Indonesia (Persero) Tbk (2017 – 2019)
                                        • General Manager Internal Audit PT Semen Gresik (Semen Indonesia Group) (2016-2017) / General Manager of Internal
                                          Audit of PT Semen Gresik (Semen Indonesia Group) (2016 – 2017)
                                        • General Manager Accounting & Human Capital Department PT Semen Gresik (Semen Indonesia Group) (2014 – 2016) /
                                          General Manager of Accounting & Human Capital Department of PT Semen Gresik (Semen Indonesia Group) (2014 – 2016)
                                        • Senior Group Finance Management Accountant - Department Of Group Finance Management PT Semen Indonesia
                                          (Persero) Tbk (2012 - 2014) / Senior Group Finance Management Accountant - Department Of Group Finance Management
                                          PT Semen Indonesia (Persero) Tbk (2012 - 2014)
                                        • Direktur Keuangan PT Swadaya Graha (2002 – 2012) / Director of Finance of PT Swadaya Graha (2002 – 2012)
                                        • Direktur Keuangan PT Industri Kemasan Semen Gresik (Semen Gresik Group) (2002) / Director of Finance of PT Semen
                                          Gresik Packaging Industry (Semen Gresik Group) (2002)
Sertifikasi yang Dimiliki / Owned       • ACPA (Asean Chartered Professional Accountant), Asean Chartered Professional Accountants Coordinating Committee,
Certification                             (2019) / ACPA (Asean Chartered Professional Accountant), Asean Chartered Professional Accountants Coordinating
                                          Committee, (2019)
                                        • PIA (Professional Internal Auditor), dari Asosiasi Auditor Internal, (2018) / PIA (Professional Internal Auditor), from the
                                          Association of Internal Auditors, (2018)
                                        • C.A.(Chartered Accountant), dari Ikatan Akuntan Indonesia, (2014) / C.A.(Chartered Accountant), from the Association
                                          of Indonesian Accountants, (2014)
                                        • C.P.M.A (Certified Professional Management Accountant), dari The Indonesian Institute Of Management Accountant,
                                          (2009) / C.P.M.A (Certified Professional Management Accountant), from The Indonesian Institute Of Management
                                          Accountants, (2009)
                                        • Register Akuntan Negara D-9494S2, dari Departemen Keuangan RI, (1999) / Register of State Accountants D-9494S2,
                                          from the Ministry of Finance of the Republic of Indonesia, (1999)
Informasi Rangkap Jabatan /             Beliau tidak memiliki rangkap jabatan baik di luar maupun di dalam Perusahaan, ataupun pada Entitas Anak Perusahaan /
Concurrent Position Information         He does not have concurrent positions either inside or outside the Company, or in Subsidiaries.
Hubungan Afiliasi / Affiliation         Beliau tidak memiliki hubungan afiliasi baik dengan Direksi lainnya, Dewan Komisaris, ataupun dengan Pemegang Saham
                                        Utama dan Pemegang Saham Pengendali, baik langsung maupun tidak langsung / He has no affiliation with other Directors,
                                        Board of Commissioners, or Major Shareholders and Controlling Shareholders, either directly or indirectly.
Kepemilikan Saham Perusahaan /          Beliau tidak memiliki kepemilikan saham di PT Semen Baturaja Tbk / He does not have shareholding in PT Semen Baturaja
Company Shareholding                    Tbk.
* Beliau sudah tidak menjabat pada tanggal 08 Mei 2023, berdasarkan Keputusan Rapat Umum Pemegang Saham Tahunan (RUPST) Tahun Buku 2022/ He no longer

serves on May 8, 2023, based on the 2022 Annual General Meeting of Shareholders (AGMS) Decision

                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                              129
Page 132
                                Ikhtisar Kinerja                Laporan Manajemen        Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                                Performance Highlights          Management Report        Company Profile           Overview on Business Supports




Profil Pejabat Eksekutif
Profile of Executive Officers

                                                         Dasar Hukum                     Surat Keputusan Direksi No. PH.01.04/004/2023 tanggal 01
                                                         Pengangkatan / Legal            Februari 2023 / Board of Directors Decree No. PH.01.04/004/2023
                                                         Basis of Appointment            dated February 01, 2023
                                                         Masa Jabatan / Term of          01 Februari 2023 – Sekarang / February 01, 2023 – present
                                                         Office
                                                         Kewarganegaraan /               Warga Negara Indonesia / Indonesian Citizen
                                                         Citizenship
                                                         Usia / Age                      44 tahun / 44 years old
                                                         Domisili / Domicile             Palembang, Sumatra Selatan, Indonesia / Palembang, South
                                                                                         Sumatra, Indonesia
                                                         Bergabung di Perusahaan         2004
                                                         / Join the Company
Doddy Irawan                                             Riwayat Pendidikan /            • S2 Manajemen Keuangan, Universitas Sriwijaya (2022) / Master
                                                         Educational Background            of Financial Management, Sriwijaya University (2022)
Vice President of Accounting &
                                                                                         • S1 Akuntansi, Universitas Sriwijaya (2002) / Bachelor's Degree
Finance                                                                                    in Accounting, Sriwijaya University (2002)
                                                         Pengalaman Kerja / Work         • VP Corporate Secretary (2020-2023)
                                                         Experience                      • Vice President Logistic (2019- 2020)
                                                                                         • Vice President Marketing (2018-2019)
                                                         Sertifikasi yang Dimiliki /     Kursus Pajak Tingkat Brevet A, dari LP3 Yayasan Artha Bakti
                                                         Owned Certification             Palembang, (2005) / Brevet A Level Tax Course from LP3
                                                                                         Palembang Artha Bakti Foundation, (2005)




                                                         Dasar Hukum Pengangkatan /      Surat Keputusan Direksi No.PH.01.04/070/2023 tanggal 02 Oktober 2023 /
                                                         Legal Basis of Appointment      Board of Directors Decree No.PH.01.04/070/2023 dated October 02, 2023
                                                         Masa Jabatan / Term of Office   02 Oktober 2023 – Sekarang / October 02, 2023 – present
                                                         Kewarganegaraan /               Warga Negara Indonesia / Indonesian Citizen
                                                         Citizenship
                                                         Usia / Age                      48 tahun / 48 years old
                                                         Domisili / Domicile             Palembang, Sumatra Selatan, Indonesia / Palembang, South Sumatra,
                                                                                         Indonesia
                                                         Bergabung di Perusahaan /       2003
                                                         Join the Company
                                                         Riwayat Pendidikan /            • S2 Manajemen Universitas Indo Global Mandiri (2020) / Master's Degree
                                                         Educational Background            in Management from Universitas indo Global Mandirii (2020)
                                                                                         • S1 Ekonomi Manajemen, Universitas Sriwijaya (2001) / Bachelor's
                                                                                           Degree in Management Economics, Universitas Sriwijaya (2001)
Muhammad Yunus
                                                         Pengalaman Kerja / Work         • Staf Direktur Utama ditugaskan di Perusahaan Afiliasi Dana Pensiun
Direktur Keuangan & SDM PT Baturaja                      Experience                        SMBR Tingkat VP (2023) / President Director Staff assigned to SMBR
Daya Insani                                                                                Pension Fund Affiliate Company VP Level (2023)
                                                                                         • Staf Direktur Utama ditugaskan Pengawasan Monitoring dan Evaluasi
Director of Finance & HR at PT Baturaja                                                    Efektifitas Fungsi Pemasaran, Penjualan dan Logistik yang terintegrasi
                                                                                           dengan SIG Tingkat VP (2023) / President Director Staff assigned to
Daya Insani                                                                                Supervise Monitoring and Evaluation of Effectiveness of Marketing,
                                                                                           Sales and Logistics Functions integrated with VP Level GIS (2023)
                                                                                         • PJ VP Internal Audit (2022-2023) / Acting VP Internal Audit (2022-2023)
                                                                                         • Staf Direktur Pemasaran Tingkat VP (2020-2022) / VP Level Marketing
                                                                                           Director Staff (2020-2022)
                                                                                         • Vice President Logistic (2019- 2020) / Vice President Logistics (2019-
                                                                                           2020)
                                                                                         • Vice President Marketing (2018-2019) / Vice President Marketing,
                                                                                           PT Semen Baturaja Tbk (2018-2019)
                                                         Sertifikasi yang Dimiliki /     PIA (Professional Internal Auditor), dari Asosiasi Auditor Internal (2022) /
                                                         Owned Certification             PIA (Professional Internal Auditor), from the Internal Auditors Association
                                                                                         (2022)




130           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                       Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis   Good Corporate Governance           Corporate Social and Environmental Responsibility




                                                                                                    Profil Pejabat Eksekutif
                                                                                               Profile of Executive Officers



Dasar Hukum                    Surat Keputusan Direksi No. PH.01.04/056/2022 tanggal 01 Juli
Pengangkatan / Legal           2022 / Board of Directors Decree No. PH.01.04/056/2022 dated
Basis of Appointment           July 1, 2022
Masa Jabatan / Term of         01 Juli 2022 – Sekarang / July 1, 2022 – Present
Office
Kewarganegaraan /              Warga Negara Indonesia / Indonesian Citizens
Citizenship
Usia / Age                     41 tahun / 41 years old
Domisili / Domicile            Palembang, Sumatra Selatan, Indonesia / Palembang, South
                               Sumatra, Indonesia
Bergabung di Perusahaan        2007
/ Join the Company
Riwayat Pendidikan /           S1 Akuntansi Universitas Sriwijaya (2005) / Bachelor of
                                                                                                             Tarida Tambunan
Educational Background         Accounting,Sriwijaya University (2005)                                        Vice President of Performance
Pengalaman Kerja / Work        Vice President Marketing (2020-2022)                                          Management Office
Experience
Sertifikasi yang Dimiliki /    • Marketing – Brand Management Certification, MarkPlus Inc.
Owned Certification              (2022)
                               • Kursus Pajak Tingkat Brevet A, dari LP3 Yayasan Artha Bakti
                                 Palembang (2017) / Brevet A Level Tax Course, from LP3
                                 Palembang Artha Bakti Foundation (2017)




Dasar Hukum                    Surat Keputusan Direksi No. PH.01.04/040.A/2023 tanggal 01
Pengangkatan / Legal           Juli 2023 / Board of Directors Decree No. PH.01.04/040.A/2023
Basis of Appointment           dated July 01, 2023
Masa Jabatan / Term of         01 Juli 2023 – Sekarang / July 1, 2023 – Present
Office
Kewarganegaraan /              Warga Negara Indonesia / Indonesian Citizens
Citizenship
Usia / Age                     46 tahun / 46 years old
Domisili / Domicile            Palembang, Sumatra Selatan, Indonesia / Palembang, South
                               Sumatra, Indonesia
Bergabung di Perusahaan        2004
/ Join the Company
Riwayat Pendidikan /           • S2 Manajemen Universitas Sriwijaya (2019) / Master's Degree                 Muhammad Beni
Educational Background           from Universitas Sriwijaya (2019)
                                                                                                             Vice President of Mining Merangkap
                               • S1 Teknik Mesin Universitas Sriwijaya (2002) / Bachelor's
                                 Degree from Universitas Sriwijaya (2002)                                    Vice President of Maintenance
Pengalaman Kerja / Work        • Vice President of Mining (2023)                                             Vice President of Mining and Vice
Experience                     • Vice President Research & Engineering Merangkap Vice                        President of Maintenance
                                 President Mining (2023) / Vice President Research and
                                 Engineering Concurrently Vice President Mining (2023)
                               • Vice President Research & Engineering (2022-2023)
                               • Vice President Sales Area 2 (2021-2022)
Sertifikasi yang Dimiliki /    • Pengawas Operasional Utama, dari BNSP (Badan Nasional
Owned Certification              Sertifikasi Profesi) (2023) / Main Operational Supervisor, from
                                 BNSP (National Professional Certification Body) (2023)
                               • Pengawas Operasional Madya, dari BNSP (Badan Nasional
                                 Sertifikasi Profesi) (2022) / Intermediate Operational
                                 Supervisor, from BNSP (National Body for Professional
                                 Certification) (2022)
                               • Pengawas Operasional Pertama, dari BNSP (Badan Nasional
                                 Sertifikasi Profesi) (2022) / First Operational Supervisor, from
                                 BNSP (National Professional Certification Body) (2022)




                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                    131
Page 134
                             Ikhtisar Kinerja               Laporan Manajemen       Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report       Company Profile       Overview on Business Supports




Profil Pejabat Eksekutif
Profile of Executive Officers



                                                      Dasar Hukum                   Akta Notaris Akhmad Habriand, S.H., M.Kn Nomor: 01, tertanggal
                                                      Pengangkatan / Legal          4 Januari 2023 / Notarial Deed of Akhmad Habriand, S.H., MKn
                                                      Basis of Appointment          No. 01 dated January 4, 2023
                                                      Masa Jabatan / Term of        04 Januari 2023 - Sekarang / January 4, 2023 - Present
                                                      Office
                                                      Kewarganegaraan /             Warga Negara Indonesia / Indonesian Citizen
                                                      Citizenship
                                                      Usia / Age                    40 tahun / 40 years old
                                                      Domisili / Domicile           Martapura, Sumatra Selatan, Indonesia / Martapura, South
                                                                                    Sumatra, Indonesia
                                                      Bergabung di Perusahaan       2012
                                                      / Join the Company
Hendry Irawan Manuhutu                                Riwayat Pendidikan /          • S2 Teknik Pertambangan, Universitas Sriwijaya (2020) /
Direktur Utama PT Baturaja Multi Usaha                Educational Background          Master of Mining Engineering, Sriwijaya University (2020)
President Director at PT Baturaja Multi                                             • S1 Teknik Pertambangan, Universitas Sriwijaya (2009) /
Usaha                                                                                 Bachelor's Degree in Mining Engineering, Sriwijaya University
                                                                                      (2009)
                                                      Pengalaman Kerja / Work       • Vice President Mining (2022 - 2023)
                                                      Experience                    • PJ Vice President Mining (2020 - 2022)
                                                                                    • PJS Vice President Mining Tk PJ Senior Manager (2019 - 2020)
                                                                                    • Senior Manager Mining (2018-2019)
                                                                                    • Senior Manager Exploration (2018)
                                                                                    • Kepala Bagian Eksplorasi dan Perencanaan Tambang (2013-
                                                                                      2018) / Head of Mining Exploration and Planning Section
                                                                                      (2013-2018)
                                                      Sertifikasi yang Dimiliki /   • Certified Great Leadership (CGL) dari LeeeL Institute (2021) /
                                                      Owned Certification             Certified Great Leadership (CGL) from IeeeL Institute (2021)
                                                                                    • Certified Leadership Management Associate (CLMA) dari
                                                                                      LeeeL Institute (2021) / Certified Leadership Management
                                                                                      Associate (CLMA) from IeeeL Institute (2021)
                                                                                    • Pengawas Operasional Utama, dari Lembaga PPSDM
                                                                                      Geominerba (2018) / Main Operational Supervisor, from
                                                                                      Geominerba PPSDM Institute (2018)
                                                                                    • Pengawas Operasional Madya, dari Lembaga PPSDM
                                                                                      Geominerba (2015) / Intermediate Operational Supervisor,
                                                                                      from Geominerba PPSDM Institute (2015)
                                                                                    • Juru Ledak Kelas II, dari Lembaga PPSDM Geominerba (2014)
                                                                                      / Class II Explosive Officer, from the PPSDM Geominerba
                                                                                      Institute (2014)
                                                                                    • Pengawas Operasional Pertama, dari Lembaga PPSDM
                                                                                      Geominerba (2013) / First Operational Supervisor, from the
                                                                                      Geominerba PPSDM Institute (2013)




132        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 135
                              Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                              Management Discussion and Analysis      Good Corporate Governance           Corporate Social and Environmental Responsibility




                                                                                                              Profil Pejabat Eksekutif
                                                                                                         Profile of Executive Officers


Dasar Hukum Pengangkatan /            Surat Keputusan Direksi No. PH.01.04/031/2023 tanggal 01 Juni 2023 /
Legal Basis of Appointment            Board of Directors Decree No. PH.01.04/031/2023 dated June 01, 2023
Masa Jabatan / Term of Office         01 Juni 2023 – Sekarang / June 01, 2023 – present
Kewarganegaraan /                     Warga Negara Indonesia / Indonesian Citizen
Citizenship
Usia / Age                            42 tahun / 42 years old
Domisili / Domicile                   Palembang, Sumatra Selatan, Indonesia / Palembang, South Sumatra,
                                      Indonesia
Bergabung di Perusahaan /             2007
Join the Company
Riwayat Pendidikan /                  • S2 Manajemen, Universitas Sriwijaya (2022) / Master's Degree in
Educational Background                  Management, Universitas Sriwijaya (2022)
                                      • S1 Ekonomi Akuntansi, Universitas Sriwijaya (2004) / Bachelor's Degree
                                        in Accounting Economics, Universitas Sriwijaya (2004)
                                                                                                                       Ahmad Faisal Ramadhan
Pengalaman Kerja / Work               • Staf Direktur Utama ditugaskan Pengawasan Monitoring dan Evaluasi
Experience                              PT BMU dan Piutang Usaha Perusahaan Tk Vice President (2023)                   Staf Direktur Utama Ditugaskan di
                                        / President Director Staff assigned to Monitoring and Evaluation               Anak Perusahaan PT BMU
                                        Supervision of PT BMU and Accounts Receivables of Tk Vice President
                                        Company (2023)                                                                 President Director Staff Assigned to
                                      • Staf Direktur Utama ditugaskan di Anak Usaha Perusahaan PT BMU Tk
                                        Vice President / President Director Staff is assigned to the Company's         PT BMU
                                        Subsidiary PT BMU Tk Vice President
                                      • Vice President Accounting & Finance (2022 - 2023)
                                      • Vice President Management Accounting & ICT (2019-2022)
Sertifikasi yang Dimiliki /           • Risk Management – QRMP (Qualified Risk Management Professional),
Owned Certification                     dari BNSP (Badan Nasional Sertifikasi Profesi) (2022) / Risk Management
                                        – QRMP (Qualified Risk Management Professional), from BNSP (Badan
                                        Nasional Sertifikasi Profesi) (2022)
                                      • Risk Management - ERMCP (Enterprise Risk Management Certified
                                        Professional), dari ERMA (Enterprise Risk Management Academy) (2021)
                                        / Risk Management - ERMCP (Enterprise Risk Management Certified
                                        Professional), from ERMA (Enterprise Risk Management Academy)
                                        (2021)
                                      • CA (Chartered Accountant) dari IAI (Ikatan Akuntansi Indonesia)
                                        (2014) / CA (Chartered Accountant) from IAI (Indonesian Accounting
                                        Association) (2014)




Dasar Hukum Pengangkatan /            Surat Keputusan Direksi No. PH.01.04/004/2023 tanggal 01 Februari 2023 /
Legal Basis of Appointment            Board of Directors Decree No. PH.01.04/004/2023 dated February 01, 2023
Masa Jabatan / Term of Office         01 Februari 2023 – Sekarang / February 01, 2023 – present
Kewarganegaraan /                     Warga Negara Indonesia / Indonesian Citizen
Citizenship
Usia / Age                            46 tahun / 46 years old
Domisili / Domicile                   Palembang, Sumatra Selatan, Indonesia / Palembang, South Sumatra,
                                      Indonesia
Bergabung di Perusahaan /             2004
Join the Company
Riwayat Pendidikan /                  • S2 Magister Manajemen Universitas Sriwijaya (2023) / - Master's Degree
Educational Background                  in Management from Universitas Sriwijaya (2023)
                                      • S1 Ekonomi Akuntansi Universitas Jambi (2001) / Bachelor's Degree of
                                        Accounting Economy from Universitas Jambi (2001)
Pengalaman Kerja / Work               • Vice President Management Accounting & ICT (2022-2023)
Experience                            • Vice President Accounting & Finance (2018-2022)                                Hari Liandu
                                      • Vice President Management Accounting (2018-2019)
                                                                                                                       Vice President of Internal Audit
Sertifikasi yang Dimiliki /           • Kepala Satuan Pengawasan Internal, dari Pusat Pengembangan
Owned Certification                     Akuntansi dan Keuangan (2023) / Head of Internal Control Unit, from
                                        the Accounting and Finance Development Center (2023)
                                      • Risk Management – QRMO (Qualified Risk Management Officer), dari
                                        BNSP (Badan Nasional Sertifikasi Profesi) (2023) / Risk Management –
                                        QRMO (Qualified Risk Management Officer), from BNSP (Badan Nasional
                                        Sertifikasi Profesi) (2023)
                                      • Kursus Pajak Tingkat Brevet A, dari LP3 Yayasan Artha Bakti Palembang
                                        (2003) / Brevet A Level Tax Course, from LP3 Palembang Artha Bakti
                                        Foundation (2003)




                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                              133
Page 136
                             Ikhtisar Kinerja               Laporan Manajemen       Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report       Company Profile       Overview on Business Supports




Profil Pejabat Eksekutif
Profile of Executive Officers



                                                      Dasar Hukum                   Surat Keputusan Direksi No. PH.01.04/031/2023 tanggal 01 Juni
                                                      Pengangkatan / Legal          2023 / Board of Directors Decree No. PH.01.04/031/2023 dated
                                                      Basis of Appointment          June 01, 2023
                                                      Masa Jabatan / Term of        01 Juni 2023 – Sekarang / June 01, 2023 – present
                                                      Office
                                                      Kewarganegaraan /             Warga Negara Indonesia / Indonesian Citizen
                                                      Citizenship
                                                      Usia / Age                    45 tahun / 45 years old
                                                      Domisili / Domicile           Palembang, Sumatra Selatan, Indonesia / Palembang, South
                                                                                    Sumatra, Indonesia
                                                      Bergabung di Perusahaan       2004
                                                      / Join the Company
Fitria Margaretha                                     Riwayat Pendidikan /          • S2 Manajemen, Universitas Sriwijaya (2020) / Master’s Degree
                                                      Educational Background          in Management, Universitas Sriwijaya (2020)
Vice President of Human Resource &
                                                                                    • S1 Ekonomi Manajemen, Universitas Muhammadiyah
General Affair                                                                        Palembang (2001) / Bachelor's Degree in Management
                                                                                      Economics, Universitas Muhammadiyah Palembang (2001)
                                                      Pengalaman Kerja / Work       • Vice President of Risk Management (2022-2023)
                                                      Experience                    • Vice President Human Resource & General Affair (2020-2022)
                                                                                    • Vice President Human Resource (2018-2020)
                                                      Sertifikasi yang Dimiliki /   Risk Management – QCRO (Qualified Chief Risk Officer), dari BNSP
                                                      Owned Certification           (Badan Nasional Sertifikasi Profesi) (2023) / Risk Management –
                                                                                    QCRO (Qualified Chief Risk Officer), from BNSP (Badan Nasional
                                                                                    Sertifikasi Profesi) (2023)




                                                      Dasar Hukum                   Surat Keputusan Direksi No. PH.01.04/031/2023 tanggal 01 Juni
                                                      Pengangkatan / Legal          2023 / Board of Directors Decree No. PH.01.04/031/2023 dated
                                                      Basis of Appointment          June 01, 2023
                                                      Masa Jabatan / Term of        01 Juni 2023 – Sekarang / June 01, 2023 – present
                                                      Office
                                                      Kewarganegaraan /             Warga Negara Indonesia / Indonesian Citizen
                                                      Citizenship
                                                      Usia / Age                    47 tahun / 47 years old
                                                      Domisili / Domicile           Palembang, Sumatra Selatan, Indonesia / Palembang, South
                                                                                    Sumatra, Indonesia
                                                      Bergabung di Perusahaan       2002
                                                      / Join the Company
Heru Rusdiansyah                                      Riwayat Pendidikan /          • S2 Manajamen Keuangan, Universitas Sriwijaya (2017) /
                                                      Educational Background          Master's Degree in Financial Management, Universitas
Vice President of Risk Management
                                                                                      Sriwijaya (2017)
                                                                                    • S1 Akuntansi, Universitas Sriwijaya (2000) / Bachelor's Degree
                                                                                      in Accounting, Universitas Sriwijaya (2000)
                                                      Pengalaman Kerja / Work       • Vice President Human Resource & General Affair (2022-2023)
                                                      Experience                    • Vice President Internal Audit (2018-2022)
                                                                                    • Vice President Accounting & Finance (2018)
                                                      Sertifikasi yang Dimiliki /   • Risk Management – QRGP (Qualified Risk Governance
                                                      Owned Certification             Professional), dari BNSP (Badan Nasional Sertifikasi Profesi)
                                                                                      (2023) / Risk Management – QRGP (Qualified Risk Governance
                                                                                      Professional), from BNSP (National Board for Professional
                                                                                      Certification) (2023)
                                                                                    • Manajemen Sumber Daya Manusia – Pengelolaan Hubungan
                                                                                      Industrial, dari BNSP (Badan Nasional Sertifikasi Profesi),
                                                                                      (2022) / Human Resources Management – Industrial Relations
                                                                                      Management, from BNSP (National Board for Professional
                                                                                      Certification), (2022)
                                                                                    • Kepala Satuan Pengawas Intern, dari Pusat Pengembangan
                                                                                      Akuntansi dan Keuangan (2018) / Head of Internal Audit Unit,
                                                                                      from the Accounting and Finance Development Center (2018)



134        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                              Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                              Management Discussion and Analysis      Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                              Profil Pejabat Eksekutif
                                                                                                         Profile of Executive Officers


Dasar Hukum Pengangkatan /            Surat Keputusan Direksi No. PH.01.04/065/2018 tanggal 01 Oktober 2018
Legal Basis of Appointment            / Decree of the Board of Directors No. PH.01.04/065/2018 dated October
                                      1, 2018
Masa Jabatan / Term of Office         01 Oktober 2018 – Sekarang / October 1, 2018 – Present
Kewarganegaraan /                     Warga Negara Indonesia / Indonesian Citizen
Citizenship
Usia / Age                            46 tahun / 46 years old
Domisili / Domicile                   Palembang, Sumatra Selatan, Indonesia / Palembang, South Sumatra,
                                      Indonesia
Bergabung di Perusahaan /             1996
Join the Company
Riwayat Pendidikan /                  • S2 Manajemen, Universitas Sriwijaya (2020) / Master's Degree in
Educational Background                  Management, Universitas Sriwijaya (2020)
                                      • S1 Ekonomi Manajemen, Sekolah Tinggi Ilmu Ekonomi Dwisakti Baturaja             Taufik
                                        (2009) / Bachelor's Degree in Management Economics, Sekolah Tinggi
                                        Ilmu Ekonomi Dwisakti Baturaja (2009)                                           Vice President of Procurement
Pengalaman Kerja / Work               • Vice President Operation I Merangkap Vice President QSHE (2018) / Vice
Experience                              President Operation I cum Vice President QSHE (2018)
                                      • Ka. Departemen Operasi (2017-2018) / Head of Operational Department
                                        (2017-2018)
Sertifikasi yang Dimiliki /           • Ahli Keselamatan dan Kesehatan Kerja Umum, dari Kementrian
Owned Certification                     Ketenagakerjaan RI Dirjen Pembinaan Pengawasan Ketenagakerjaan
                                        dan Keselamatan dan Kesehatan Kerja (2016) / General Occupational
                                        Safety and Health Expert, from the Indonesian Ministry of Manpower
                                        Director General of Employment Inspection Development and
                                        Occupational Safety and Health (2016)
                                      • Manajemen Energi Sub Bidang Industri – Manajer Energi Pratama, dari
                                        BNSP (Badan Nasional Sertifikasi Profesi) (2013) / Industrial Sub Sector
                                        Energy Management – Primary Energy Manager, from BNSP (National
                                        Professional Certification Body) (2013)


Dasar Hukum                           Surat Keputusan Direksi No. PH.01.04/040/2023 tanggal 01 Juli
Pengangkatan / Legal                  2023 / Board of Directors Decree No. PH.01.04/040/2023 dated
Basis of Appointment                  July 01, 2023
Masa Jabatan / Term of                01 Juli 2023 – Sekarang / July 01, 2023 – present
Office
Kewarganegaraan /                     Warga Negara Indonesia / Indonesian Citizen
Citizenship
Usia / Age                            50 tahun / 50 years old
Domisili / Domicile                   Palembang, Sumatra Selatan, Indonesia / Palembang, South
                                      Sumatra, Indonesia
Bergabung di Perusahaan               2003
/ Join the Company
Riwayat Pendidikan /                  • S2 Manajemen Pemasaran, Universitas Sriwijaya (2021) /                           Kartha Kurniadi
Educational Background                  Master's Degree in Marketing Management, Universitas
                                        Sriwijaya (2021)                                                                 Vice President of Marketing Merangkap
                                      • S1 Teknik Mesin, Universitas Sriwijaya (1997) / Bachelor's                       Vice President of Sales Area 1, Vice
                                        Degree in Mechanical Engineering, Universitas Sriwijaya (1997)
                                                                                                                         President of Sales Area 2, ditugaskan
Pengalaman Kerja / Work               • Vice President of Marketing (2023)                                               PGS General Manager of Retail Sales
Experience                            • Vice President of Marketing merangkap Vice President of
                                        Sales Area 2 (2023) / Vice President of Marketing and Vice                       Regional II PT Semen Indonesia
                                        President of Sales Area 2 (2023)                                                 (Persero) Tbk
                                      • Vice President Marketing (2022-2023)
                                      • Vice President Sales (2021-2022)                                                 Vice President of Marketing and Vice

Sertifikasi yang Dimiliki /           • Manajemen Energi Sub Bidang Industri – Manajer Energi                            President of Sales Area 1, Vice President
Owned Certification                     Pratama, dari BNSP (Badan Nasional Sertifikasi Profesi) (2014)                   of Sales Area 2, assigned to PGS General
                                        / Industrial Sub Sector Energy Management – Primary Energy
                                                                                                                         Manager of Retail Sales Regional II at
                                        Manager, from BNSP (National Professional Certification
                                        Body) (2014)                                                                     PT Semen Indonesia (Persero) Tbk
                                      • Manajemen Energi Sub Bidang Industri – Manajer Energi
                                        Pratama, dari BNSP (Badan Nasional Sertifikasi Profesi) (2012)
                                        / Industrial Sub Sector Energy Management – Primary Energy
                                        Manager, from BNSP (National Professional Certification
                                        Agency) (2012)



                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                               135
Page 138
                               Ikhtisar Kinerja               Laporan Manajemen       Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                               Performance Highlights         Management Report       Company Profile       Overview on Business Supports




Profil Pejabat Eksekutif
Profile of Executive Officers



                                                        Dasar Hukum                   Surat Keputusan Direksi No. PH.01.04/004/2023 tanggal 01
                                                        Pengangkatan / Legal          Februari 2023 / Board of Directors Decree No. PH.01.04/004/2023
                                                        Basis of Appointment          dated 01 February 2023
                                                        Masa Jabatan / Term of        22 Oktober 2020 – Sekarang / October 22, 2020 – Present
                                                        Office
                                                        Kewarganegaraan /             Warga Negara Indonesia / Indonesian Citizen
                                                        Citizenship
                                                        Usia / Age                    45 tahun / 45 years old
                                                        Domisili / Domicile           Palembang, Sumatra Selatan, Indonesia / Palembang, South
                                                                                      Sumatra, Indonesia
                                                        Bergabung di Perusahaan       2003
                                                        / Join the Company
Ade Chitra Kusuma                                       Riwayat Pendidikan /          S1 Ekonomi, Universitas Sriwijaya (2001) / Bachelor's Degree in
                                                        Educational Background        Economics, Universitas Sriwijaya (2001)
Vice President of Logistic
                                                        Pengalaman Kerja / Work       • Staf Direktur Pemasaran Tingkat VP Ditugaskan di Logistic
                                                        Experience                      (2020) / VP Level Marketing Director Staff Assigned to
                                                                                        Logistics (2020)
                                                                                      • Vice President Corporate Services Management (2019-2020)
                                                                                      • Vice President Management Accounting (2018-2019)
                                                        Sertifikasi yang Dimiliki /   Tidak ada / None
                                                        Owned Certification




                                                        Dasar Hukum                   Surat Keputusan Direksi No. PH.01.04/040/2023 tanggal 01 Juli
                                                        Pengangkatan / Legal          2023 / Board of Directors Decree No. PH.01.04/040/2023 dated
                                                        Basis of Appointment          July 01, 2023
                                                        Masa Jabatan / Term of        01 Juli 2023 – Sekarang / July 01, 2023 – present
                                                        Office
                                                        Kewarganegaraan /             Warga Negara Indonesia / Indonesian Citizen
                                                        Citizenship
                                                        Usia / Age                    47 tahun / 47 years old
                                                        Domisili / Domicile           Palembang, Sumatra Selatan, Indonesia / Palembang, South
                                                                                      Sumatra, Indonesia
                                                        Bergabung di Perusahaan       1996
                                                        / Join the Company
Eko David Irawan                                        Riwayat Pendidikan /          • D4 Teknik Elektro, Politeknik Negeri Sriwijaya Palembang
                                                        Educational Background          (2021) / Associate Degree 4 in Electrical Engineering,
Vice President of Production                                                            Politeknik Negeri Sriwijaya Palembang (2021)
Maintenance Planning & Evaluation                                                     • D3 Teknik Elektro, Universitas Baturaja (2003) / Associate
                                                                                        Degree 3 in Electrical Engineering, Universitas Baturaja (2003)
merangkap Vice President of
                                                        Pengalaman Kerja / Work       • Vice President of Research & Engineering (2023)
Production                                              Experience                    • Vice President Sales Area 2 (2022-2023)
                                                                                      • Vice President Sales Area 3 (2021-2022)
Vice President of Production
                                                        Sertifikasi yang Dimiliki /   Manajer Energi, dari PT Benefita Indonesia (2017) / Energy
Maintenance Planning & Evaluation and                                                 Manager, from PT Benefita Indonesia (2017)
                                                        Owned Certification
Vice President of Production




136          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 139
                       Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis   Good Corporate Governance           Corporate Social and Environmental Responsibility




                                                                                                    Profil Pejabat Eksekutif
                                                                                               Profile of Executive Officers



Dasar Hukum                    Surat Keputusan Direksi No. PH.01.04/004/2023 tanggal 01
Pengangkatan / Legal           Februari 2023 / Board of Directors Decree No. PH.01.04/004/2023
Basis of Appointment           dated February 01, 2023
Masa Jabatan / Term of         01 Februari 2023 – Sekarang / February 01, 2023 – present
Office
Kewarganegaraan /              Warga Negara Indonesia / Indonesian Citizen
Citizenship
Usia / Age                     42 tahun / 42 years old
Domisili / Domicile            Palembang, Sumatra Selatan, Indonesia / Palembang, South
                               Sumatra, Indonesia
Bergabung di Perusahaan        2007
/ Join the Company
Riwayat Pendidikan /           • S2 Manajemen, Universitas Sriwijaya (2021) / Master's Degree                Basthony Santri
Educational Background           in Management, Universitas Sriwijaya (2021)
                                                                                                             Vice President of Corporate Secretary
                               • S1 Teknik Mesin, Universitas Sriwijaya (2005) / Bachelor's
                                 Degree in Mechanical Engineering, Universitas Sriwijaya
                                 (2005)
Pengalaman Kerja / Work        • Staf Direktur Umum & SDM Tk Vice President (2023) / Staff
Experience                       Director General & HR Tk Vice President (2023)
                               • Direktur PT Baturaja Multi Usaha Tk Vice President (2020-
                                 2023) / Director of PT Baturaja Multi Usaha Tk Vice President
                                 (2020-2023)
                               • Vice President Corporate Secretary (2018-2020)
Sertifikasi yang Dimiliki /    Tidak ada / None
Owned Certification




Dasar Hukum                    Surat Keputusan Direksi No. PH.01.04/004/2023 tanggal 01
Pengangkatan / Legal           Februari 2023 / Board of Directors Decree No. PH.01.04/004/2023
Basis of Appointment           dated February 01, 2023
Masa Jabatan / Term of         04 Maret 2019 – Sekarang / March 4, 2019 – Present
Office
Kewarganegaraan /              Warga Negara Indonesia / Indonesian Citizen
Citizenship
Usia / Age                     54 tahun / 54 years old
Domisili / Domicile            Palembang, Sumatra Selatan, Indonesia / Palembang, South
                               Sumatra, Indonesia
Bergabung di Perusahaan        1997
/ Join the Company
Riwayat Pendidikan /           S1 Ekonomi Akuntansi, Universitas Mercu Buana Jakarta (1994) /                Erni Kurniati
Educational Background         Bachelor’s Degree of Accounting Economics, University of Mercu
                                                                                                             Direktur Utama Dana Pensiun
                               Buana Jakarta (1994)
                                                                                                             Karyawan Semen Baturaja Tk Vice
Pengalaman Kerja / Work        • Staf Vice President Level Accounting & Finance Ditugaskan di
Experience                       Dana Pensiun Tk. Senior Manager (2018-2019) / Vice President                President
                                 Level Accounting & Finance Staff Assigned to the Pension                    President Director of Semen Baturaja
                                 Fund Tk. Senior Manager (2018-2019)
                               • Staf Dept Keuangan ditugaskan pada DPKSB Tk Ka Biro /                       Employee Pension Fund Level Vice
                                 Finance Dept staff assigned to DPKSB Tk. Bureau chief                       President
Sertifikasi yang Dimiliki /    Manajemen Umum Dana Pensiun, dari Lembaga Standar Profesi
Owned Certification            Dana Pensiun (2009) / General Management of Pension Funds,
                               from the Pension Fund Professional Standards Institute (2009)




                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja               Laporan Manajemen       Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report       Company Profile       Overview on Business Supports




Profil Pejabat Eksekutif
Profile of Executive Officers



                                                      Dasar Hukum                   Surat Keputusan Direksi No. PH.01.04/064/2022 tanggal 22 Juli
                                                      Pengangkatan / Legal          2022 / Decree of the Board of Directors No. PH.01.04/070/2023
                                                      Basis of Appointment          dated July 22, 2022
                                                      Masa Jabatan / Term of        22 Juli 2022 – Sekarang / July 22, 2022 – Present
                                                      Office
                                                      Kewarganegaraan /             Warga Negara Indonesia / Indonesian Citizen
                                                      Citizenship
                                                      Usia / Age                    44 tahun / 44 years old
                                                      Domisili / Domicile           Palembang, Sumatra Selatan, Indonesia / Palembang, South
                                                                                    Sumatra, Indonesia
                                                      Bergabung di Perusahaan       2010
                                                      / Join the Company
Jogy Alpha Mediarta                                   Riwayat Pendidikan /          • S2 Manajemen, Universitas Indo Global Mandiri (2020) /
President Director of PT Baturaja Daya                Educational Background          Master's Degree in Management, Universitas Indo Global
Insani                                                                                Mandiri (2020)
                                                                                    • S1 Teknik Tambang, Universitas Sriwijaya (2002) / Bachelor's
                                                                                      Degree in Mining Engineering, Universitas Sriwijaya (2002)
                                                      Pengalaman Kerja / Work       • Vice President Research & Engineering (2022)
                                                      Experience                    • Staf Direktur Produksi & Pengembangan Ditugaskan
                                                                                      Sebagai Ketua TPM Promotor Tk Vice President (2021-2022)
                                                                                      / Production & Development Director Staff Assigned as
                                                                                      Chairman of TPM Promoter Tk Vice President (2021-2022)
                                                                                    • Vice President SSHE (2019-2021)
                                                                                    • Vice President QSHE (2018-2019)
                                                      Sertifikasi yang Dimiliki /   • Pimpinan Pengamanan Gada Utama, dari BUJP Jaga
                                                      Owned Certification             Nusantara Satu (2022) / Gada Utama Security Leader, from
                                                                                      BUJP Jaga Nusantara Satu (2022)
                                                                                    • Pengawas Operasional Utama, dari Lembaga PPSDM
                                                                                      Geominerba (2011) / Main Operational Supervisor, from
                                                                                      Geominerba PPSDM Institute (2011)
                                                                                    • Pengawas Operasional Madya, dari Lembaga PPSDM
                                                                                      Geominerba (2011) / Intermediate Operational Supervisor, from
                                                                                      Geominerba PPSDM Institute (2011)
                                                                                    • Pengawas Operasional Pertama, dari Lembaga PPSDM
                                                                                      Geominerba (2010) / Junior Operational Supervisor, from the
                                                                                      Geominerba PPSDM Institute (2010)




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                    Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik          Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis          Good Corporate Governance                 Corporate Social and Environmental Responsibility




Demografi Karyawan dan
Pengembangan Kompetensi
Employee Demography and Competency Development




DEMOGRAFI KARYAWAN                                                                   EMPLOYEE DEMOGRAPHY
Di tahun 2023, jumlah karyawan Perusahaan mencapai 880                               Total employees of the Company in 2023 were 880 employees,
karyawan, jumlah tersebut mengalami penurunan sebesar                                decreased by 1.89% compared to the number of employees
1,89% jika dibandingkan dengan jumlah karyawan di tahun                              in 2022 of 897 employees. Demographic information for
2022 sebanyak 897 karyawan. Informasi demografi karyawan                             Company employees in 2023 is as follows:
Perusahaan di tahun 2023 adalah sebagai berikut:



                                                         Pergerakan Jumlah Karyawan 2019-2023
                                                              Employee Turnover in 2019-2023
                                                                       (orang / employee)



                                               894             921             912                 897          880




                                              2019            2020             2021                2022        2023




                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                Ikhtisar Kinerja                Laporan Manajemen              Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                                Performance Highlights          Management Report              Company Profile           Overview on Business Supports




Demografi Karyawan dan Pengembangan Kompetensi
Employee Demography and Competency Development



DEMOGRAFI KARYAWAN BERDASARKAN LEVEL                                                       EMPLOYEE DEMOGRAPHICS BASED ON ORGANIZATIONAL
ORGANISASI                                                                                 LEVEL
Tabel Demografi Karyawan Berdasarkan Level Organisasi                                      Table of Employee Demographics based on Organizational
(orang)                                                                                    Level (employee)
                                                                             2023                                                                2022
 Level Organisasi / Organizational Level                                  Jumlah /         Komposisi (%) /                                 Jumlah /        Komposisi (%) /
                                                         L/M    P/F                                                   L/M      P/F
                                                                          Amount           Composition (%)                                 Amount          Composition (%)
 Vice President                                            13         3              16                       1,82      15           3                18                 2,01
 Senior Manager                                            60         8             68                        7,73      60           8                68                 2,58
 Manager                                                  129     26                155                      17,61     132         27                159                 17,73
 Supervisor                                               275     53            328                         37,27      272         53               325               36,23
 Non-Staf                                                 258     55                313                     35,57      270          57              327               36,45
Jumlah / Total                                            735    145            880                       100,00       749        148               897              100,00

L = Laki-laki / P = Perempuan                                                              M = Male / F = Female


Komposisi Karyawan Berdasarkan Level Organisasi (orang)                                    Composition of Employee Based on Organizational Level
                                                                                           (employee)




                             2,01%                                                                                   1,82%
                                                                  2,58%                                                                                    7,73%
        36,45%                                                                               35,57%

                                                                          17,73%                                                                                17,61%



                                    2022                                                                                    2023

                                                                      36,23%                                                                                37,27%



                         Vice President                   Senior Manager                  Manager              Supervisor             Non-Staf




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                          Analisis dan Pembahasan Manajemen                  Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                          Management Discussion and Analysis                 Good Corporate Governance                   Corporate Social and Environmental Responsibility




                                          Demografi Karyawan dan Pengembangan Kompetensi
                                         Employee Demography and Competency Development



DEMOGRAFI KARYAWAN BERDASARKAN TINGKAT                                                           EMPLOYEE DEMOGRAPHICS BASED ON EDUCATION LEVEL
PENDIDIKAN
Tabel Demografi Karyawan Berdasarkan Tingkat                                                     Table of Employee Demographics Based on Education
Pendidikan (orang)                                                                               Level (employee)
                                                                                     2023                                                                   2022
  Tingkat Pendidikan / Education Level                                        Jumlah /            Komposisi (%) /                                     Jumlah /           Komposisi (%) /
                                                      L/M          P/F                                                       L/M          P/F
                                                                              Amount              Composition (%)                                     Amount             Composition (%)
 S3                                                            1         -                  1                     0,11              1            -                  1                   0,11
 S2                                                        51        15                   66                      7,50           52            15                 67                    7,47
 S1                                                      312         83                 395                     44,89           315           85               400                    44,59
 Diploma                                                 167         34                 201                     22,84           169           35               204                     22,74
 SMA Sederajat / Equivalent High School                 204          13                  217                     24,66          212            13              225                     25,08
Jumlah / Total                                          735         145                880                      100,00         749           148               897                    100,00

L = Laki-laki / P = Perempuan                                                                    M = Male / F = Female


Komposisi Karyawan Berdasarkan Tingkat Pendidikan                                                Composition of Employee Based on Education Level
(orang)                                                                                          (employee)




                           0,11%                                                                                         0,11%
                                                                     7,47%                                                                                               7,50%
        25,08%                                                                                      24,66%




                                     2022                                                                                           2023
        22,74%                                                                                      22,84%

                                                                         44,59%                                                                                              44,89%



                                         S3               S2                 S1            Diploma               SMA Sederajat /
                                                                                                                 Equivalent High School




                                                                                                                              2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                Ikhtisar Kinerja                Laporan Manajemen           Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                                Performance Highlights          Management Report           Company Profile          Overview on Business Supports




Demografi Karyawan dan Pengembangan Kompetensi
Employee Demography and Competency Development



DEMOGRAFI KARYAWAN BERDASARKAN STATUS                                                   EMPLOYEE DEMOGRAPHICS BASED ON EMPLOYMENT
KEPEGAWAIAN                                                                             STATUS
Tabel Demografi Karyawan Berdasarkan Status                                             Table of Employee Demographics Based on Employment
Kepegawaian (orang)                                                                     Status (employee)
                                                                             2023                                                            2022
          Status Kepegawaian /
           Employment Status                                              Jumlah /      Komposisi (%) /                                Jumlah /           Komposisi (%) /
                                                         L/M    P/F                                               L/M       P/F
                                                                          Amount        Composition (%)                                Amount             Composition (%)
 Karyawan Tetap / Permanent employees                     735    145            880                      99,43     749        148               897                  99,12
 Karyawan Kontrak / Contract employees                     4          1             5                     0,57          5         3                   8               0,88
 Jumlah / Total                                           739    146            885                    100,00      754         151              905                 100,00

L = Laki-laki / P = Perempuan                                                           M = Male / F = Female



Komposisi Karyawan Berdasarkan Status Kepegawaian                                       Composition of Employee Based on Employment Status
(orang)                                                                                 (employee)



                           0,88%                                                                                 0,57%




                                    2022                                                                                 2023

                                                                      99,12%                                                                               99,43%



                                                    Karyawan Tetap /                           Karyawan Kontrak /
                                                    Permanent employees                        Contract employees




142          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                          Analisis dan Pembahasan Manajemen                  Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                          Management Discussion and Analysis                 Good Corporate Governance                   Corporate Social and Environmental Responsibility




                                          Demografi Karyawan dan Pengembangan Kompetensi
                                         Employee Demography and Competency Development



DEMOGRAFI KARYAWAN BERDASARKAN RENTANG USIA                                                      EMPLOYEE DEMOGRAPHICS BASED ON AGE RANGE
Tabel Demografi Karyawan Berdasarkan Rentang Usia                                                Table of Employee Demographics Based on Age Range
(orang)                                                                                          (employee)
                                                                                     2023                                                                   2022
        Rentang Usia / Range Age                                              Jumlah /            Komposisi (%) /                                     Jumlah /           Komposisi (%) /
                                                      L/M          P/F                                                       L/M          P/F
                                                                              Amount              Composition (%)                                     Amount             Composition (%)
 >54 tahun / >54 years                                         1         1                 2                      0,23             2             -                 2                    0,22
 51-54 tahun / 51-54 years                                     1         -                  1                     0,11             2             1                 3                    0,33
 41-50 tahun / 41-50 years                               115             9              124                      14,09          109             6                115                   12,82
 31-40 tahun / 31-40 years                              359          74                 433                      49,21          325            61              386                     43,03
 21-30 tahun / 21-30 years                              259          61                 320                      36,36           311          80                391                    43,59
Jumlah / Total                                          735         145                880                      100,00         749           148               897                    100,00

L = Laki-laki / P = Perempuan                                                                    M = Male / F = Female


Komposisi Karyawan Berdasarkan Rentang Usia (orang)                                              Composition of Employees Based on Age Range (employee)



                           0,22%                                                                                          0,23%
                                                                   0,33%
                                                                                                                                                                       0,11%
                                                                             12,82%
                                                                                                                                                                               14,09%




                                     2022                                                                                           2023
        43,59%                                                                                      43,59%

                                                                         43,03%                                                                                              49,21%



                  >54 tahun /                  51-54 tahun /                         41-50 tahun /                  31-40 tahun /                          21-30 tahun /
                  >54 years                    51-54 years                           41-50 years                    31-40 years                            21-30 years




                                                                                                                              2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja                   Laporan Manajemen               Profil Perusahaan            Tinjauan Unit Pendukung Bisnis
                             Performance Highlights             Management Report               Company Profile              Overview on Business Supports




Demografi Karyawan dan Pengembangan Kompetensi
Employee Demography and Competency Development



DEMOGRAFI KARYAWAN BERDASARKAN JENIS KELAMIN                                               EMPLOYEE DEMOGRAPHICS BASED ON GENDER
Tabel Demografi Karyawan Berdasarkan Jenis Kelamin                                         Table of Employee Demographics Based on Gender
(orang)                                                                                    (employee)
                                                                                         2023                                                           2022
              Jenis Kelamin / Gender                                                            Komposisi (%) /                                                   Komposisi (%) /
                                                                Jumlah / Amount                                                 Jumlah / Amount
                                                                                                Composition (%)                                                   Composition (%)
Laki-laki / Male                                                                    735                              83,52                           749                      83,50
Perempuan / Female                                                                   145                             16,48                           148                      16,50
Jumlah / Total                                                                      880                             100,00                           897                     100,00



Komposisi Karyawan Berdasarkan Jenis Kelamin (orang)                                       Employee Composition Based on Gender (employee)



                        16,50%                                                                                           16,48%




                                 2022                                                                                           2023

                                                                      83,50%                                                                                        83,52%



                                                                          Laki-laki /              Perempuan /
                                                                          Male                     Female


DEMOGRAFI KARYAWAN BERDASARKAN UNIT BISNIS                                                 EMPLOYEE DEMOGRAPHICS BASED ON BUSINESS UNIT
Tabel Demografi Karyawan Berdasarkan Unit Bisnis (orang)                                   Table of Employee Demographics Based on Business Unit
                                                                                           (employee)
                                                                              2023                                                                   2022
      Unit Bisnis / Business Unit                                         Jumlah /         Komposisi (%) /                                     Jumlah /           Komposisi (%) /
                                                      L/M       P/F                                                       L/M      P/F
                                                                          Amount           Composition (%)                                     Amount             Composition (%)
Corporate Secretary                                     29        22                51                        5,80           26         16                44                   4,91
PMO                                                         7         4             11                         1,25           2          5                    7                0,78
Internal Audit                                              9         3             12                         1,36          12          3                 15                  1,67
HR & GA                                                 38        23                61                        6,93           44        23                 67                   7,47
Procurement                                             38        14                52                         5,91          48         14                62                   6,91
Mining                                                  36            4             40                        4,56           36          3                39                   4,35
Unit of SHE                                             12            6             18                        2,05           13          6                 19                  2,12
Production & Maintenance Planning &                     53         11               64                         7,27          62         17                79                   8,81
Evaluation
Accounting & Finance*)                                  37        31                68                         7,73          18        26                 44                   4,91
Management Accounting & ICT*)                               -         -              -                               -       21          6                27                   3,01




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                          Analisis dan Pembahasan Manajemen                   Tata Kelola Perusahaan yang Baik              Tanggung Jawab Sosial dan Lingkungan
                          Management Discussion and Analysis                  Good Corporate Governance                     Corporate Social and Environmental Responsibility




                                          Demografi Karyawan dan Pengembangan Kompetensi
                                         Employee Demography and Competency Development



                                                                                      2023                                                                     2022
        Unit Bisnis / Business Unit                                            Jumlah /            Komposisi (%) /                                        Jumlah /          Komposisi (%) /
                                                      L/M           P/F                                                         L/M             P/F
                                                                               Amount              Composition (%)                                        Amount            Composition (%)
 Risk Management                                               7          1                 8                        0,91             8               2               7                    0,78
 Marketing, Sales & Logistic                              72              8               80                         9,09           112           17               129                    14,38
 Production & Maintenance **)                           357               9              366                        41,59          317                4            321                    35,79
 Anak Perusahaan & Afiliasi / Subsidiary                  36              9               44                           5             27               6             33                     3,68
 & Affiliations
 Employee On Duty                                              4          -                 4                        0,46              -              -                -                      -
Staf Direktur Fungsi Keuangan & SDM /                          -          -                  -                          -             4               -               4                   0,45
Staff of Finance & HR Director***)
Jumlah / Total                                          735          145                880                        100,00         749            148              897                 100,00

L = Laki-laki / P = Perempuan                                                                     M = Male / F = Female

*) Penggabungan Department of Management Accounting & ICT ke Accounting                           *) Merger of Department of Management Accounting & ICT into Accounting &

& Finance                                                                                         Finance

**) Pemecahan nama dari Department of Operation menjadi Production &                              **) Change of name from Department of Operation to Production &

Maintenance                                                                                       Maintenance

***) Perubahan nomenlaktur dari Direktur SDM & Umum menjadi Direktur                              ***) Change of nomenclature from the General Affairs & HR Director to

Fungsi Keuangan & SDM                                                                             Finance & HR Director


PENGEMBANGAN KOMPETENSI KARYAWAN                                                                  EMPLOYEE COMPETENCY DEVELOPMENT
                                                                                                  COMMITMENTS
KOMITMEN DAN KEBIJAKAN, SERTA PELAKSANAAN                                                         COMMITMENT AND POLICIES, AS WELL AS
PROGRAM PENGEMBANGAN KOMPETENSI KARYAWAN                                                          IMPLEMENTATION OF EMPLOYEE COMPETENCY
                                                                                                  DEVELOPMENT PROGRAMS
Sumber Daya Manusia (SDM) menjadi penting, dan merupakan                                          SMBR firmly believes that qualified human resources (HR) play
ujung tombak dalam upaya mewujudkan visi dan misi                                                 a crucial role in realizing the Company’s vision and mission.
Perusahaan. SMBR memiliki komitmen yang tinggi akan                                               To this end, SMBR is highly committed to HR management
pengelolaan dan pengembangan SDM bagi keberhasilan                                                and development to ensure the success and sustainability of
dan keberlanjutan usaha Perusahaan melalui program                                                the business. Regular employee competency improvement
peningkatan kompetensi karyawan yang diselenggarakan                                              programs are held for all levels of positions within the
secara berkala untuk semua level jabatan di lingkup                                               Company to achieve this goal.
Perusahaan.


Perusahaan senantiasa memperhatikan dengan baik dari sisi                                         The Company places a strong emphasis on maintaining and
kualitas, profesionalitas, dan efektivitas karyawan, dalam                                        increasing the loyalty and productivity of its employees by
menjaga, serta menumbuhkan loyalitas dan produktivitas                                            prioritizing their quality, professionalism, and effectiveness.
masing-masing karyawan. Komitmen-komitmen tersebut,                                               This           commitment                is     demonstrated                  through     the
dibuktikan       melalui        penyelenggaraan                    pelatihan           dan        implementation of comprehensive employee competency
pengembangan kompetensi karyawan yang dilakukan dengan                                            training and development programs that cover all aspects
mengacu pada kerangka pelatihan dan pengembangan yang                                             and methods of development for all of the Company’s human
mencakup seluruh aspek dan metode pengembangan bagi                                               resources.
seluruh SDM Perusahaan.




                                                                                                                                 2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja                Laporan Manajemen        Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report        Company Profile           Overview on Business Supports




Demografi Karyawan dan Pengembangan Kompetensi
Employee Demography and Competency Development



Informasi program pengembangan kompetensi terhadap                               The following is a competency development program for
karyawan dari level Vice President hingga Non-Staff, yang                        employees from Vice President to Non-Staff levels that held
dilakukan Perusahaan di sepanjang tahun 2023 adalah                              by the Company throughout 2023:
sebagai berikut:


Pengembangan Kompetensi Karyawan Berdasarkan Level                               Employee Competency Development Based on
Organisasi/Jabatan Tahun 2023                                                    Organizational/Occupational Level Year 2023
1. Vice President                                                                1. Vice President
                                                                                                                                                               % Per Level
              Jenjang
                            Jenis Pelatihan                                                                                                                     Jabatan
     No      Jabatan /                                    Program Pelatihan / Training Program             Tujuan Pelatihan / Training Objective
                            / Training Type                                                                                                                      / % Per
              Position
                                                                                                                                                                Position
      1    Vice President    Online Training      Sertifikasi Pengawas Operasional Madya / Middle Kebutuhan kompetensi jabatan / Job                                  7,14
                                                  Operations Supervisor Certification             competency requirements
      2    Vice President       In House          Program Pengembangan Talenta Berbasis AKHLAK / Peningkatan soft skill / Improve soft                              114,29
                                Training          AKHLAK-Based Talent Development Program        skills
      3    Vice President    Online Training      In House Training Business Continuity Management Kebutuhan kompetensi jabatan / Job                                14,29
                                                  System (BCMS)                                    competency requirements
      4    Vice President    Online Training      Intro to Risk Management                                Peningkatan pengetahuan tentang Risk                        7,14
                                                                                                          Management / Increase knowledge
                                                                                                          about Risk Management
      5    Vice President    Online Training      Sarasehan “Kesehatan Dana Pensiun Ditinjau dari Peningkatan Kompetensi / Competency                                21,43
                                                  Kewajiban dan Investasi / Seminar “The Health of Improvement
                                                  Pension Funds in View of Liabilities and Investments
      6    Vice President    Online Training      Online Course “How to Master Digital Marketing Peningkatan Pengetahuan tentang                                     14,29
                                                  Management” in collaboration with SIG Digital Marketing / Increase Knowledge about
                                                  (Product: SobatBangun)                         Marketing
      7    Vice President    Online Training      Learn and Share Indonesia Infrastructure Research Peningkatan Pengetahuan tentang                                  14,29
                                                  and Innovation (I2RI) dengan topik “Construction Project    Mangement    /   Increase
                                                  Project Management” / Learn and Share Indonesia Knowledge about Project Management
                                                  Infrastructure Research and Innovation (I2RI) with the
                                                  topic “Construction Project Management”
      8    Vice President    Online Training      Learn and Share Indonesia Infrastructure Research Peningkatan kompetensi                       jabatan   /         42,86
                                                  and Innovation (I2RI) dengan topik “Construction Increase job competency
                                                  Project Management” / Learn and Share Indonesia
                                                  Infrastructure Research and Innovation (I2RI) with the
                                                  topic “Construction Project Management”
      9    Vice President    Online Training      Online Training SHE Leader Talks “Wellness Program Peningkatan pengetahuan tentang                                 14,29
                                                  at Workplace”                                      Safety / Increase knowledge about
                                                                                                     Safety
      10   Vice President    Online Training      Online Training Calon Juri SIG Innovation Award Peningkatan Skill Penjuian / Improve                               64,29
                                                  / Online Training for SIG Innovation Award Jury Sales Skills
                                                  Candidates
      11   Vice President    Online Training      Online Training Office Management                       Peningkatan Pengetahuan tentang office                     21,43
                                                                                                          Management / Increase Knowledge
                                                                                                          about office Management
      12   Vice President    Online Training      Internalisasi Core Values AKHLAK dengan tema Meningkatkan soft skill / Improve soft                               50,00
                                                  “Menjadi Insan yang Bersyukur dengan BerAKHLAK skills
                                                  Mulia” / Internalization of Core Values AKHLAK with
                                                  the theme “Becoming a Grateful Person with Noble
                                                  AKHLAK”
      13   Vice President    Online Training      Data Science & Analytics                                Digital                                                     7,14
      14   Vice President    Online Training      Learn & Share Internalisasi Core Value Akhlak “ Keuangan / Finance                                                 21,43
                                                  Financial Planning For Future Serenity” / Learn &
                                                  Share Internalization of the AKHLAK Core Value
                                                  “Financial Planning For Future Serenity”
      15   Vice President    Online Training      Online Training Bincang - bincang Expert “innovation Peningkatan pengetahuan tentang                               14,29
                                                  Management” / Online Training Expert Talks teknologi semen / Increase knowledge
                                                  “Innovation Management”                              about cement technology




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                   Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik          Tanggung Jawab Sosial dan Lingkungan
                   Management Discussion and Analysis            Good Corporate Governance                 Corporate Social and Environmental Responsibility




                                   Demografi Karyawan dan Pengembangan Kompetensi
                                  Employee Demography and Competency Development


                                                                                                                                                                    % Per Level
        Jenjang
                        Jenis Pelatihan                                                                                                                              Jabatan
No     Jabatan /                                        Program Pelatihan / Training Program                   Tujuan Pelatihan / Training Objective
                        / Training Type                                                                                                                               / % Per
        Position
                                                                                                                                                                     Position
16   Vice President      Online Training      Learn & Share Internalisasi Core Value Akhlak “ Peningkatan pengetahuan di bidang                                           28,57
                                              Awareness Of Sustainability Issues “Realize Green Lingkungan / Increase knowledge in the
                                              Environment” / Learn & Share Internalization of Core field of Environment
                                              Values AKHLAK “Awareness of Sustainability Issues
                                              “Realize Green Environment”
17   Vice President      Online Training      Diskusi Panel GRC Series 2023 / GRC Series 2023 Kebutuhan kompetensi jabatan / Job                                           7,14
                                              Panel Discussion                                competency requirements
18   Vice President      Online Training      Penilaian Gcg Berdasarkan POJK 21/POJK.04/2015 Kebutuhan kompetensi jabatan / Job                                            7,14
                                              (Tentang Penerapan Pedoman          Tata Kelola competency requirements
                                              Perusahaan Tbk) / GCG Assessment Based on POJK
                                              21/POJK.04/2015 (Regarding the Implementation of
                                              Public Company Corporate Governance Guidelines)
19   Vice President          In House         Pelatihan Tata Kelola (Governance), Risiko (Risk) Kebutuhan kompetensi jabatan / Job                                        85,71
                             Training         dan Kepatuhan (Compliance) / Governance, Risk and competency requirements
                                              Compliance Training
20   Vice President         Aplikasi          E-Learning Bimtek Peningkatan Pemahaman Peningkatan pengetahuan tentang GRC /                                               28,57
                          E-Learning /        Gratifikasi / E-Learning Technical Guidance to Increase knowledge about GRC
                          E-Learning          Increase Understanding of Gratuity
                          Application
21   Vice President      Public Training      Pelatihan Sertifikasi Qualified Risk Management Kebutuhan kompetensi jabatan / Job                                           7,14
                                              Officer (QRMO) / Qualified Risk Management Officer competency requirements
                                              (QRMO) Certification Training
22   Vice President      Online Training      Online Course - Advanced Pricing Management and Meningkatkan soft skill / Improve soft                                       7,14
                                              Strategy                                        skills
23   Vice President      Online Training      Online Training - CEO TALK & BUSINESS BRIEFING - Meningkatkan soft skill / Improve soft                                     28,57
                                              SIG AKHLAK CULTURE FESTIVAL 2023                 skills
24   Vice President      Online Training      Online Course - Strategic Business Analysis                    sharing tentang Strategi Bisnis / Sharing                   50,00
                                                                                                             about Business Strategy
25   Vice President      Public Training      Advancing The World of Work Through Sustainable Meningkatkan soft skill / Improve soft                                       7,14
                                              Business Enterprise                             skills
26   Vice President      Public Training      Health Talk : “Waspada Infeksi Saluran Pernapasan Peningkatan kebutuhan tentang Healt /                                      7,14
                                              Akut (ISPA)” / Health Talk: “Beware of Acute Increase need for Health
                                              Respiratory Infections (ARI)”
27   Vice President      Public Training      Learn and Share “Green Leadership dan Inovasi Sosial Peningkatan pengetahuan tentang                                        14,29
                                              dalam Penilaian Proper Emas” / Learn and Share proper / Increase knowledge about
                                              “Green Leadership and Social Innovation in the Gold proper
                                              Proper Assessment”
28   Vice President      Public Training      Pelatihan & Ujian Sertifikasi Risk Management Program Kebutuhan kompetensi jabatan / Job                                     7,14
                                              (QRGP – Qualified Risk Governance Proffesional) / Risk competency requirements
                                              Management Program Certification Training & Exam
                                              (QRGP – Qualified Risk Governance Professional)
29   Vice President      Public Training      Onboarding Agent of Change AKHLAK / AKHLAK Meningkatkan soft skill / Improve soft                                            7,14
                                              Agent of Change Onboarding                 skills
30   Vice President      Online Training      Learning with The Expert #2 dengan topik “Managing Peningkatan skill tentang corporate                                      35,71
                                              Corporate Communication” / Learning with The comunication / Increase skills regarding
                                              Expert #2 with the topic “Managing Corporate corporate communication
                                              Communication”
31   Vice President      Online Training      Healthy Talk dengan topik “SADARI (perikSA payuDAra Pengetahuan                      kesehatan         /     Health         21,43
                                              sendiRI): Deteksi Dini Kanker Payudara” / Healthy Talk knowledge
                                              with the topic “SADARI (examine your breasts): Early
                                              Detection of Breast Cancer”
32   Vice President      Public Training      Spokesperson Masterclass             “Becoming        A   Bold Kebutuhan kompetensi jabatan / Job                            7,14
                                              Spokerperson in Society”                                       competency requirements
33   Vice President      Online Training      Online Training Kepemimpinan Pada Faktor Tolerance Kebutuhan kompetensi jabatan / Job                                       28,57
                                              Of Uncertainty Karyawan SMBR / Online Leadership competency requirements
                                              Training on the Tolerance of Uncertainty Factor for
                                              SMBR Employees
34   Vice President      Online Training      “Learn and Share Financial Planning #1”                        Pengetahuan tentang                 Keuangan       /          7,14
                                                                                                             Knowledge of Finance




                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                         147
Page 150
                             Ikhtisar Kinerja                Laporan Manajemen       Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report       Company Profile          Overview on Business Supports




Demografi Karyawan dan Pengembangan Kompetensi
Employee Demography and Competency Development


                                                                                                                                                             % Per Level
              Jenjang
                            Jenis Pelatihan                                                                                                                   Jabatan
    No       Jabatan /                                    Program Pelatihan / Training Program            Tujuan Pelatihan / Training Objective
                            / Training Type                                                                                                                    / % Per
              Position
                                                                                                                                                              Position
    35     Vice President    Online Training      Learning with The Expert (LTE) #3 dengan topik Meningkatkan soft skill / Improve soft                             7,14
                                                  “Happy Changes in Turbulence” / Learning with The skills
                                                  Expert (LTE) #3 with the topic “Happy Changes in
                                                  Turbulence”
    36     Vice President    Public Training      Seminar Pemenuhan Kewajiban SKP dengan Tema Meningkatkan soft skill / Improve soft                                7,14
                                                  “Transforming, Developing and Sustaining Company in skills
                                                  the Era of Turbulance, Uncertainly, Novelty And Agility”
                                                  / SKP Obligations Fulfillment Seminar with the theme
                                                  “Transforming, Developing and Sustaining Company
                                                  in the Era of Turbulence, Uncertainty, Novelty And
                                                  Agility”
    37     Vice President    Public Training      Seminar Nasional & Pengukuhan Gelar Kompetensi Kebutuhan kompetensi jabatan / Job                                 7,14
                                                  Auditor Internal bersertifikat ACCIA, CCIA, CPIA & competency requirements
                                                  CPAM / National Seminar & Inauguration of ACCIA,
                                                  CCIA, CPIA & CPAM certified Internal Auditor
                                                  Competency Degrees
    38     Vice President    Public Training      Strategic Leadership Development Program               Kebutuhan kompetensi jabatan / Job                         7,14
                                                                                                         competency requirements
    39     Vice President    Online Training      Learn and Share “Financial Planning #2” dan Meningkatkan soft skill / Improve soft                               28,57
                                                  “Pengumuman Pemenang SIG Ambassador Tahun skills
                                                  2022 / Learn and Share “Financial Planning #2” and
                                                  “Announcement of 2022 SIG Ambassador Winners
    40     Vice President    Online Training      (Online) Sertifikasi Pengawas Operasional Utama / Kebutuhan kompetensi jabatan / Job                              7,14
                                                  Principal Operational Supervisor Certification    competency requirements
      41   Vice President    Online Training      CHRO Masterclass: Pelatihan Shifting Human Kebutuhan kompetensi jabatan / Job                                     7,14
                                                  Resources Mindset In New Disruptive World / CHRO competency requirements
                                                  Masterclass: Shifting Human Resources Mindset in
                                                  New Disruptive World



2. Senior Manager                                                                2. Senior Manager
                                                                                                                                                             % Per Level
              Jenjang
                            Jenis Pelatihan                                                                                                                   Jabatan
    No       Jabatan /                                    Program Pelatihan / Training Program            Tujuan Pelatihan / Training Objective
                            / Training Type                                                                                                                    / % Per
              Position
                                                                                                                                                              Position
      1    Senior Manager       In House          SAP Modul HC                                           Kebutuhan kompetensi jabatan / Job                         1,47
                                Training                                                                 competency requirements
      2    Senior Manager       In House          Program Pengembangan Talenta Berbasis AKHLAK / Meningkatakan soft skill / Improve soft                           52,94
                                Training          AKHLAK-Based Talent Development Program        skills
      3    Senior Manager    Online Training      Pijar Mahir Live Class : DIGITAL LITERACY “Memahami Pengetahuan tentang Digaital sistem /                         1,47
                                                  Regulasi Perlindungan Data Pribadi” / Pijar Mahir Live Knowledge of Digital systems
                                                  Class: DIGITAL LITERACY “Understanding Personal
                                                  Data Protection Regulations”
      4    Senior Manager    Online Training      In House Training Business Continuity Management Kebutuhan kompetensi jabatan / Job                               5,88
                                                  System (BCMS)                                    competency requirements
      5    Senior Manager       In House          Instruktur Training Tableau Divison Logistic / Tableau Peningkatan Kompetensi / Competency                        1,47
                                Training          Division Logistics Training Instructor                 Improvement
      6    Senior Manager    Online Training      Intro to Risk Management                               Peningkatan kompetensi                jabatan   /          4,41
                                                                                                         Increasing job competency
      7    Senior Manager    Publik Training      BIMTEK Pengelolaan Limbah Bahan Berbahaya dan Kebutuhan kompetensi jabatan / Job                                  1,47
                                                  Beracun (B3) / BIMTEK Management of Hazardous and competency requirements
                                                  Toxic Waste (B3)
      8    Senior Manager       In House          Asessment Senior Manager                               Evaluasi Jabatan / Job Evaluation                         10,29
                                Training
      9    Senior Manager    Online Training      Online Course “How to Master Digital Marketing Peningkatan pengetahuan tentang                                   11,76
                                                  Management” in collaboration with SIG Digital Marketing Management / Increase
                                                  (Product: SobatBangun) / Online Course “How to knowledge about Marketing Management
                                                  Master Digital Marketing Management” in collaboration
                                                  with SIG Digital (Product: SobatBangun)




148        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 151
                   Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                   Management Discussion and Analysis             Good Corporate Governance            Corporate Social and Environmental Responsibility




                                   Demografi Karyawan dan Pengembangan Kompetensi
                                  Employee Demography and Competency Development


                                                                                                                                                               % Per Level
        Jenjang
                        Jenis Pelatihan                                                                                                                         Jabatan
No     Jabatan /                                        Program Pelatihan / Training Program               Tujuan Pelatihan / Training Objective
                        / Training Type                                                                                                                          / % Per
        Position
                                                                                                                                                                Position
10   Senior Manager      Online Training      Learn and Share Indonesia Infrastructure Research          Peningkatan pengetahuan tentang                             10,29
                                              and Innovation (I2RI) dengan topik “Construction           Construction Management / Increase
                                              Project Management” / Learn and Share Indonesia            knowledge     about    Construction
                                              Infrastructure Research and Innovation (I2RI) with the     Management
                                              topic “Construction Project Management”
11   Senior Manager      Online Training      Workshop Lifestyle Photography                             Meningkatakan soft skill / Improve soft                     11,76
                                                                                                         skills
12   Senior Manager      Online Training      Go Live Sig Innovation                                     Meningkatakan soft skill / Improve soft                      8,82
                                                                                                         skills
13   Senior Manager          In House         Awareness SNI 2049:2022 dan SNI 7064:2022 / Kebutuhan kompetensi jabatan / Job                                          4,41
                             Training         Awareness SNI 2049:2022 and SNI 7064:2022   competency requirements
14   Senior Manager      Online Training      Learn & Share Akhlak Srikandi dengan tema “All Peningkatan soft skill / Improve soft                                   10,29
                                              Women are Super Woman!”                        skills
15   Senior Manager      Publik Training      Pengukuran Dampak Program Tanggung Jawab Sosial Kebutuhan kompetensi jabatan / Job                                      1,47
                                              (TJSL) dengan Metode Social Return on Investment competency requirements
                                              (SROI) / Measuring the Impact of Social Responsibility
                                              Programs (TJSL) using the Social Return on
                                              Investment (SROI) Method
16   Senior Manager      Publik Training      Basic Training Public Relations                            Kebutuhan kompetensi jabatan / Job                           1,47
                                                                                                         competency requirements
17   Senior Manager      Online Training      Online Training Bincang - bincang Expert “innovation Meningkatakan soft skill / Improve soft                           13,24
                                              Management” / Online Training Expert Talks skills
                                              “Innovation Management”
18   Senior Manager      Publik Training      Online Training Membangun Budaya Anti Suap SIG / Kebutuhan kompetensi jabatan / Job                                    33,82
                                              Online Training Building a SIG Anti-Bribery Culture competency requirements
19   Senior Manager      Online Training      Online Training Cooking & Table Setting                    Meningkatakan soft skill / Improve soft                      2,94
                                                                                                         skills
20   Senior Manager      Online Training      Online Training SHE Leader Talks “Wellness Program Pengetahuan     tentang                        Safety     /         10,29
                                              at Workplace”                                      Knowledge of Safety
21   Senior Manager         Aplikasi          E-Learning Bimtek Peningkatan Pemahaman Pengetahuan tentang Gratifikasi                                      /         27,94
                           E-Learning         Gratifikasi / E-Learning Technical Guidance Increases Knowledge of Gratification
                                              Understanding of Gratuity
22   Senior Manager      Online Training      Online Training “Engineering & Project Mangement Peningkatan pengetahuan tentang                                        2,94
                                              Control”                                         Engineering / Increase knowledge about
                                                                                               Engineering
23   Senior Manager      Online Training      Online Training Office Management                          Pengetahuan    tentang    office                            11,76
                                                                                                         Management / Knowledge of office
                                                                                                         Management
24   Senior Manager      Online Training      Learn & Share Digital Innovation in Learning - Kick off Meningkatakan soft skill / Improve soft                       25,00
                                              New Learning Experience                                 skills
25   Senior Manager      Online Training      Internalisasi Core Values AKHLAK dengan tema Meningkatakan soft skill / Improve soft                                   23,53
                                              “Menjadi Insan yang Bersyukur dengan BerAKHLAK skills
                                              Mulia” / Internalization of Core Values AKHLAK with
                                              the theme “Becoming a Grateful Person with Noble
                                              AKHLAK”
26   Senior Manager      Online Training      Online Training “Pertanahan” / Online Training “Land Pengetahuan Tentang Pertanahan /                                   1,47
                                              Affairs”                                             Knowledge About Land
27   Senior Manager      Online Training      Online Training “Strategy Management”                      Penegtahuan     tentang      Strategi                        2,94
                                                                                                         Mangement / Knowledge of Management
                                                                                                         Strategy
28   Senior Manager          In House         IHT - Sharing knowledge Mengenai Cara Efektif Kebutuhan kompetensi jabatan / Job                                        1,47
                             Training         Pembuatan Slide / IHT - Sharing Knowledge regarding competency requirements
                                              Effective Ways to Make Slides
29   Senior Manager      Online Training      AI & Machine Learning                                      Digitalisasi / Digitalization                                4,41
30   Senior Manager      Online Training      Data Science & Analytics                                   Digitalisasi / Digitalization                               16,18
31   Senior Manager      Online Training      Digital Marketing                                          Digitalisasi / Digitalization                                2,94
32   Senior Manager      Online Training      AR/VR Metaverse                                            Digitalisasi / Digitalization                                7,35
33   Senior Manager      Online Training      Learn & Share Core Value Akhlak Internalization Meningkatakan soft skill / Improve soft                                 7,35
                                              “Financial Planning For Future Serenity”        skills




                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                    149
Page 152
                             Ikhtisar Kinerja                Laporan Manajemen          Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report          Company Profile           Overview on Business Supports




Demografi Karyawan dan Pengembangan Kompetensi
Employee Demography and Competency Development


                                                                                                                                                                % Per Level
              Jenjang
                            Jenis Pelatihan                                                                                                                      Jabatan
  No         Jabatan /                                    Program Pelatihan / Training Program               Tujuan Pelatihan / Training Objective
                            / Training Type                                                                                                                       / % Per
              Position
                                                                                                                                                                 Position
      34   Senior Manager    Online Training      Online Training Bincang - bincang Expert “innovation Pengetahuan Tentang Innovasi                         /          8,82
                                                  Management” / Online Training Expert Talks Knowledge About Innovation
                                                  “Innovation Management”
      35   Senior Manager    Online Training      Learn & Share Core Value Akhlak Internalization Meningkatakan soft skill / Improve soft                             10,29
                                                  “Awareness Of Sustainability Issues “Realize Green skills
                                                  Environment”
      36   Senior Manager    Online Training      Online Course “GCT Operation”                             Kebutuhan kompetensi jabatan / Job                         2,94
                                                                                                            competency requirements
      37   Senior Manager       Aplikasi          E-Learning Refreshment Safety leadership & Refresment          tentang                       Safety       /         19,12
                               E-Learning         Baturaja Risk Contaiment Tahun 2023 / E-Learning Refreshment about Safety
                                                  Refreshment Safety leadership & Baturaja Risk
                                                  Containment in 2023
      38   Senior Manager    Online Training      Introduction to Digital Innovation and Collaboration      Digitalisasi / Digitalization                              1,47
      39   Senior Manager    Online Training      Webinar Penilaian GCG Berdasarkan POJK 21/ Kebutuhan kompetensi jabatan / Job                                        8,82
                                                  POJK.04/2015 (Tentang Penerapan Pedoman Tata competency requirements
                                                  Kelola Perusahaan Tbk) / GCG Assessment Webinar
                                                  Based on POJK 21/POJK.04/2015 (Concerning the
                                                  Implementation of Public Company Corporate
                                                  Governance Guidelines)
  40       Senior Manager    Online Training      Pelatihan Tata Kelola (Governance), Risiko (Risk) Kebutuhan kompetensi jabatan / Job                                70,59
                                                  dan Kepatuhan (Compliance) / Governance, Risk and competency requirements
                                                  Compliance Training
      41   Senior Manager    Online Training      Pelatihan Sertifikasi Qualified Risk Management Kebutuhan kompetensi jabatan / Job                                   4,41
                                                  Officer (QRMO) / Qualified Risk Management Officer competency requirements
                                                  (QRMO) Certification Training
      42   Senior Manager    Online Training      Online Course - Advanced Pricing Management and Kebutuhan kompetensi jabatan / Job                                   2,94
                                                  Strategy                                        competency requirements
      43   Senior Manager    Online Training      Online Training - SHE Leader Talks Implementasi Kebutuhan kompetensi jabatan / Job                                   2,94
                                                  Sistem Manajemen K3 / Online Training - SHE Leader competency requirements
                                                  Talks Implementation of the OHS Management System
  44       Senior Manager    Online Training      Online Training - CEO TALK & BUSINESS BRIEFING Peningkatan wawasan / Increase insight                               39,71
                                                  - SIG AKHLAK CULTURE FESTIVAL 2023 / Online
                                                  Training - CEO TALK & BUSINESS BRIEFING - SIG
                                                  AKHLAK CULTURE FESTIVAL 2023
      45   Senior Manager    Online Training      Online Course - Strategic Business Analysis               Peningkatan kompetensi karyawan /                        25,00
                                                                                                            Increase employee competency
      46   Senior Manager    Public Training      Plant Visit Siam Refractory                               Peningkatan soft skill / Improve soft                      2,94
                                                                                                            skills
      47   Senior Manager    Online Training      Health Talk : “Waspada Infeksi Saluran Pernapasan Meningkatakan soft skill / Improve soft                           11,76
                                                  Akut (ISPA)” / Health Talk: “Beware of Acute skills
                                                  Respiratory Infections (ARI)”
      48   Senior Manager    Online Training      Online Course “ Marketing Management”                     Pengetahuan tentang              Marketing      /          1,47
                                                                                                            Knowledge of Marketing
      49   Senior Manager    Online Training      Learn and Share “Green Leadership dan Inovasi Sosial Pengetahuan tentang                         Proper   /          5,88
                                                  dalam Penilaian Proper Emas” / Learn and Share Knowledge of Proper
                                                  “Green Leadership and Social Innovation in the Gold
                                                  Proper Assessment”
      50   Senior Manager    Public Training      Pelatihan Sustainability Reporting Standart & Kebutuhan kompetensi jabatan / Job                                     1,47
                                                  Implementation + Update ISSB Standart IFRS S1&S2 competency requirements
                                                  / Training on Sustainability Reporting Standard &
                                                  Implementation + Update ISSB Standard IFRS S1&S2
      51   Senior Manager    Online Training      Onboarding Agent of Change AKHLAK                         Meningkatakan soft skill / Improve soft                    1,47
                                                                                                            skills
      52   Senior Manager    Online Training      Online Course “Sistem Otomasi Industri“ / Online Kebutuhan kompetensi jabatan / Job                                  1,47
                                                  Course “Industrial Automation Systems”           competency requirements
      53   Senior Manager    Online Training      Pelatihan & Ujian Sertifikasi Risk Management Kebutuhan kompetensi jabatan / Job                                     1,47
                                                  Program ERM Implementation (QCRO – Qualified Chief competency requirements
                                                  Risk Officer) / ERM Implementation Program Risk
                                                  Management Certification Training & Exam (QCRO –
                                                  Qualified Chief Risk Officer)




150        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 153
                         Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                         Management Discussion and Analysis            Good Corporate Governance          Corporate Social and Environmental Responsibility




                                         Demografi Karyawan dan Pengembangan Kompetensi
                                        Employee Demography and Competency Development


                                                                                                                                                              % Per Level
              Jenjang
                              Jenis Pelatihan                                                                                                                  Jabatan
    No       Jabatan /                                        Program Pelatihan / Training Program            Tujuan Pelatihan / Training Objective
                              / Training Type                                                                                                                   / % Per
              Position
                                                                                                                                                               Position
    54   Senior Manager        Online Training      Learning with The Expert #2 dengan topik “Managing Peningkatan soft skill / Improve soft                        23,53
                                                    Corporate Communication” / Learning with The skills
                                                    Expert #2 with the topic “Managing Corporate
                                                    Communication”
    55   Senior Manager        Online Training      Healthy Talk dengan topik “SADARI (perikSA payuDAra Peningkatan Pengetahuan tentang                              5,88
                                                    sendiRI) : Deteksi Dini Kanker Payudara” / Healthy Talk Kesehatan / Increase Knowledge about
                                                    with the topic “SADARI (examine your breasts): Early Health
                                                    Detection of Breast Cancer”
    56   Senior Manager            In House         In House Training GPS Geodetik S850+                    Kebutuhan kompetensi jabatan / Job                       2,94
                                   Training                                                                 competency requirements
    57   Senior Manager        Public Training      Seminar Nasional Call for Paper AvoER 15 (2023) Peningkatan soft skill / Improve soft                            1,47
                                                    Fakultas    Teknik     Universitas  Sriwijaya   dan skills
                                                    Penyampaian Jurnal SMBR / National Seminar Call
                                                    for Paper AvoER 15 (2023) Faculty of Engineering,
                                                    Sriwijaya University and SMBR Journal Submission
    58   Senior Manager            In House         In House Training Pengujian Beton / In House Training Kebutuhan kompetensi jabatan / Job                         1,47
                                   Training         Concrete Testing                                      competency requirements
    59   Senior Manager        Online Training      Online Training Kepemimpinan Pada Faktor Tolerance Meningkatakan soft skill / Improve soft                      42,65
                                                    Of Uncertainty Karyawan SMBR / Online Leadership skills
                                                    Training on the Tolerance of Uncertainty Factor for
                                                    SMBR Employees
    60   Senior Manager        Online Training      “Learn and Share Financial Planning #1”                 Peningkatan pengetahuan tentang                         22,06
                                                                                                            Financial / Increased knowledge about
                                                                                                            Finance
    61   Senior Manager        Online Training      Technomarketing Forum dengan topik “Workforce : Peningkatan soft skill / Improve soft                            8,82
                                                    Upskilling and Reskilling” / Technomarketing Forum skills
                                                    with the topic “Workforce: Upskilling and Reskilling”
    62   Senior Manager        Online Training      Learning with The Expert (LTE) #3 dengan topik Peningkatan soft skill / Improve soft                            11,76
                                                    “Happy Changes in Turbulence” / Learning with The skills
                                                    Expert (LTE) #3 with the topic “Happy Changes in
                                                    Turbulence”
    63   Senior Manager        Public Training      Temu Karya Mutu & Produktivitas Nasional / National Meningkatakan pengetahuan tentang                            1,47
                                                    Quality & Productivity Work Meeting                 Inoovasi / Increase knowledge about
                                                                                                        Innovation
    64   Senior Manager        Public Training      Pengembangan Sumber Daya Manusia (SDM) melalui Peningkatan Skil Mengajar / Improve                               1,47
                                                    TOT / Human Resources (HR) Development through Teaching Skills
                                                    TOT
    65   Senior Manager        Online Training      Learn and Share “Financial Planning #2” dan Peningkatan soft skill / Improve soft                               17,65
                                                    “Pengumuman Pemenang SIG Ambassador Tahun skills
                                                    2022 / Learn and Share “Financial Planning #2” and
                                                    “Announcement of 2022 SIG Ambassador Winners
    66   Senior Manager            In House         Tes Potensial Akademik (TPA) SIG Fellowship / SIG Tes Ke Jenjang S2 / Test for Master’s                          4,41
                                   Training         Fellowship Academic Potential Test (TPA).         Degree Level
    67   Senior Manager            In House         IHT Aplikasi & Perkembangan Teknologi Bahan Peningkatan     Kompetensi   Tentang                                 2,94
                                   Training         Peledak / IHT Applications & Developments in Bahan peledak / Increase Competence
                                                    Explosives Technology                        Regarding Explosives
    68   Senior Manager        Online Training      “Talk Show SRIKANDI SIG : Achieving Gender Equality Peningkatan soft skill / Improve soft                        1,47
                                                    through Green Innovation and Its Business Impact”   skills



3. Manager                                                                                 3. Manager
                                                                                                                                                              % Per Level
              Jenjang
                              Jenis Pelatihan                                                                                                                  Jabatan
    No       Jabatan /                                        Program Pelatihan / Training Program            Tujuan Pelatihan / Training Objective
                              / Training Type                                                                                                                   / % Per
              Position
                                                                                                                                                               Position
     1       Manager           Online Training      Pijar Mahir Live Class : DIGITAL LITERACY “Memahami Peningkatan pengetahuan tentang                              9,09
                                                    Regulasi Perlindungan Data Pribadi” / Pijar Mahir Live Digitalisasi / Increase knowledge about
                                                    Class: DIGITAL LITERACY “Understanding Personal Digitalization
                                                    Data Protection Regulations”
    2        Manager               In House         Instruktur IHT Autonomous Maintenance, Planned          Sharing sesion tentang TPM dan                           1,52
                                   Training         Maintenance & Focused Improvement / IHT                 meningkatakan skill mengajar / Sharing
                                                    Autonomous Maintenance, Planned Maintenance &           session about TPM and improving
                                                    Focused Improvement Instructor                          teaching skills




                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                    151
Page 154
                             Ikhtisar Kinerja                Laporan Manajemen         Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report         Company Profile          Overview on Business Supports




Demografi Karyawan dan Pengembangan Kompetensi
Employee Demography and Competency Development


                                                                                                                                                               % Per Level
              Jenjang
                            Jenis Pelatihan                                                                                                                     Jabatan
  No         Jabatan /                                    Program Pelatihan / Training Program              Tujuan Pelatihan / Training Objective
                            / Training Type                                                                                                                      / % Per
              Position
                                                                                                                                                                Position
      3       Manager        Public Training      Pelatihan Verifikasi dan Perhitungan TKDN / TKDN Peningkatan pengetahuan bidang HC /                                0,76
                                                  Verification and Calculation Training            Increase knowledge in the HC field
      4       Manager           In House          Training Tableau Divison Logistic / Tableau Division Kebutuhan kompetensi jabatan / Job                             0,76
                                Training          Logistics Training                                   competency requirements
      5       Manager           In House          In House Training Business Continuity Management Peningkatan kompetensi                        jabatan   /          2,27
                                Training          System (BCMS)                                    Increase job competency
      6       Manager        Online Training      Intro to Risk Management                                 Kebutuhan kompetensi jabatan / Job                         3,79
                                                                                                           competency requirements
      7       Manager        Public Training      Collaboration Camp & Stadium General                     Peningkatan soft skill / Improve soft                      1,52
                                                                                                           skills
      8       Manager        Public Training      4.0 Tecnology Seminar and Building Tour                  Kebutuhan kompetensi jabatan / Job                         0,76
                                                                                                           competency requirements
      9       Manager        Public Training      Sertifikasi Ahli K3 Lingkungan Kerja / Work Kebutuhan kompetensi jabatan / Job                                      0,76
                                                  Environment OHS Expert Certification        competency requirements
      10      Manager           In House          Program Pengembangan Talenta Berbasis AKHLAK / Peningkatan soft skill / Improve soft                                8,33
                                Training          AKHLAK-Based Talent Development Program        skills
      11      Manager        Online Training      Online Course “How to Master Digital Marketing Peningkatan Pengetahuan tentang                                     15,91
                                                  Management” in collaboration with SIG Digital Marketing / Increase Knowledge about
                                                  (Product: SobatBangun)                         Marketing
      12      Manager        Online Training      Learn and Share Indonesia Infrastructure Research Peningkatan Pengetahuan tentang                                  19,70
                                                  and Innovation (I2RI) dengan topik “Construction Project    Management   /   Increase
                                                  Project Management” / Learn and Share Indonesia Knowledge about Project Management
                                                  Infrastructure Research and Innovation (I2RI) with the
                                                  topic “Construction Project Management”
      13      Manager        Online Training      Workshop Lifestyle Photography                           Peningkatan soft skill / Improve soft                      9,09
                                                                                                           skills
      14      Manager        Online Training      Sertifikasi Pengawas Operasional Madya (POM) / Kebutuhan kompetensi jabatan / Job                                   1,52
                                                  Middle Operational Supervisor (POM) Certification competency requirements
      15      Manager        Online Training      Go Live SIG Innovation                                   Peningkatan Pengetahuan tentang                          25,00
                                                                                                           Innovasi / Increased Knowledge about
                                                                                                           Innovation
      16      Manager           In House          Awareness SNI 2049:2022 dan SNI 7064:2022 / Kebutuhan kompetensi jabatan / Job                                     12,12
                                Training          Awareness SNI 2049:2022 and SNI 7064:2022   competency requirements
      17      Manager        Online Training      Learn & Share AKHLAK Srikandi dengan tema “All Peningkatan soft skill / Improve soft                               15,15
                                                  Women are Super Woman!” / Learn & Share AKHLAK skills
                                                  Srikandi with the theme “All Women are Super
                                                  Women!”
      18      Manager        Online Training      Online Training Brand Strategy Management                Peningkatan pengetahuan Tentang                            6,06
                                                                                                           strategy Management / Increased
                                                                                                           knowledge about Management strategy
      19      Manager        Public Training      Pengukuran Dampak Program Tanggung Jawab Sosial Kebutuhan kompetensi jabatan / Job                                  0,76
                                                  (TJSL) dengan Metode Social Return on Investment competency requirements
                                                  (SROI) / Measuring the Impact of Social Responsibility
                                                  Programs (TJSL) using the Social Return on
                                                  Investment (SROI) Method
      20      Manager        Public Training      Basic Training Public Relations                          Kebutuhan kompetensi jabatan / Job                         0,76
                                                                                                           competency requirements
      21      Manager        Online Training      Online Training Bincang - bincang Expert “innovation Kebutuhan kompetensi jabatan / Job                            18,94
                                                  Management” / Online Training Expert Talks competency requirements
                                                  “Innovation Management”
      22      Manager        Online Training      Online Training Membangun Budaya Anti Suap SIG / Peningkatan       tentang     GRC                       /         32,58
                                                  Online Training Building a SIG Anti-Bribery Culture Improvements regarding GRC
      23      Manager        Online Training      Online Training Cooking & Table Setting                  Peningkatan soft skill / Improve soft                      3,79
                                                                                                           skills
      24      Manager        Online Training      Online Training SHE Leader Talks “Wellness Program Peningkatan Pengetahuan tentang                                 12,88
                                                  at Workplace”                                      Safety / Increase Knowledge about
                                                                                                     Safety
      25      Manager        Online Training      Procurement and Purchasing Management                    Kebutuhan kompetensi jabatan / Job                         0,76
                                                                                                           competency requirements




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                 Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                 Management Discussion and Analysis             Good Corporate Governance                Corporate Social and Environmental Responsibility




                                 Demografi Karyawan dan Pengembangan Kompetensi
                                Employee Demography and Competency Development


                                                                                                                                                                 % Per Level
      Jenjang
                      Jenis Pelatihan                                                                                                                             Jabatan
No   Jabatan /                                        Program Pelatihan / Training Program                   Tujuan Pelatihan / Training Objective
                      / Training Type                                                                                                                              / % Per
      Position
                                                                                                                                                                  Position
26   Manager           Online Training      Online Course “Engineering & Project Management Peningkatan Pengetahuan Tentang                                             6,82
                                            Control”                                        Engineering / Increase Knowledge About
                                                                                            Engineering
27   Manager              Aplikasi          E-Learning Bimtek Peningkatan Pemahaman Peningkatan Pengetahuan Tentang                                                    34,85
                        E-Learning /        Gratifikasi / E-Learning Technical Guidance Increases Gratifikasi / Increase Knowledge About
                        E-Learning          Understanding of Gratification                        Gratuity
                        Application
28   Manager           Online Training      Training Designing Professional Presentation Material Kebutuhan kompetensi jabatan / Job                                    0,76
                                            With Powerpoint                                       competency requirements
29   Manager           Online Training      Online Training Office Management                              Peningkatan Pengetahuan tentang                              6,06
                                                                                                           Office   Management      /   Increase
                                                                                                           Knowledge about Office Management
30   Manager           Online Training      Learn & Share Digital Innovation in Learning - Kick off Peningkatan soft skill / Improve soft                              22,73
                                            New Learning Experience                                 skills
31   Manager           Online Training      Internalisasi Core Values AKHLAK dengan tema Peningkatan soft skill / Improve soft                                         19,70
                                            “Menjadi Insan yang Bersyukur dengan BerAKHLAK skills
                                            Mulia” / Internalization of AKHLAK Core Values with
                                            the theme “Becoming a Grateful Person with Noble
                                            AKHLAK”
32   Manager           Online Training      Online Training “Pertanahan” / Online Training “Land Sharing knowledge / Knowledge sharing                                  4,55
                                            Affairs”
33   Manager           Online Training      Online Training “Strategy Management”                          Peningkatan pengetahuan tentang                              3,03
                                                                                                           Startegy Management / Increase
                                                                                                           knowledge about Strategy Management
34   Manager              Aplikasi          E-Learning Refreshment Safety                  Leadership   & Refreshment    tentang                  Safety     /         31,82
                        E-Learning /        Baturaja Risk Containment 2023                                Refreshment about Safety
                        E-Learning
                        Application
35   Manager               In House         IHT - Sharing knowledge Mengenai Cara Efektif Peningkatan soft skill / Improve soft                                         1,52
                           Training         Pembuatan Slide / IHT - Sharing knowledge regarding skills
                                            effective ways to make slides
36   Manager           Online Training      AI & Machine Learning                                          Digitalisasi / Digitalization                                2,27
37   Manager           Online Training      Data Science & Analytics                                       Digitalisasi / Digitalization                              20,45
38   Manager           Online Training      Digital Marketing                                              Digitalisasi / Digitalization                                2,27
39   Manager           Online Training      AR/VR Metaverse                                                Digitalisasi / Digitalization                                9,09
40   Manager           Online Training      Dev Ops                                                        Digitalisasi / Digitalization                                3,79
41   Manager           Online Training      Learn & Share Internalisasi Core Value AKHLAK Peningkatan Skill tentang Financial /                                         6,82
                                            “Financial Planning For Future Serenity” / Learn & Improve Financial Skills
                                            Share Internalization of the AKHLAK Core Value
                                            “Financial Planning For Future Serenity”
42   Manager           Online Training      Online Training Bincang - bincang Expert “innovation Peningkatan pengetahuan tentang                                       10,61
                                            Management” / Online Training Expert Talks Innovasi / Increased knowledge about
                                            “Innovation Management”                              Innovation
43   Manager           Online Training      Learn & Share Internalisasi Core Value AKHLAK Peningkatan       pengetahuan    bidang                                      12,88
                                            “Awareness Of Sustainability Issues “Realize Green Linkungan / Increase environmental
                                            Environment” / Learn & Share Internalization of knowledge
                                            AKHLAK Morals “Awareness of Sustainability Issues
                                            “Realize Green Environment”
44   Manager           Online Training      Online Course Energy Management                                Peningkatan Pengetahuan tentang                              1,52
                                                                                                           Energy    Mangement     /   Increase
                                                                                                           Knowledge about Energy Management
45   Manager               In House         IHT Workshop Pengelasan dan Plasma Cutting / IHT Pengkatan skill tentang Pengelasan /                                       0,76
                           Training         Welding and Plasma Cutting Workshop              Improve welding skills
46   Manager           Online Training      Online Course “GCT Operation”                                  Peningkatan Pengetahuan tentang GCT                          1,52
                                                                                                           Mangement / Increase Knowledge about
                                                                                                           GCT Management
47   Manager           Online Training      Refreshment Ahli K3 Umum / General OHS Expert Resertifikasi AK3 Umum / General AK3                                          0,76
                                            Refreshment                                   Recertification




                                                                                                              2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                      153
Page 156
                             Ikhtisar Kinerja                Laporan Manajemen          Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report          Company Profile          Overview on Business Supports




Demografi Karyawan dan Pengembangan Kompetensi
Employee Demography and Competency Development


                                                                                                                                                            % Per Level
              Jenjang
                            Jenis Pelatihan                                                                                                                  Jabatan
  No         Jabatan /                                    Program Pelatihan / Training Program               Tujuan Pelatihan / Training Objective
                            / Training Type                                                                                                                   / % Per
              Position
                                                                                                                                                             Position
  48          Manager        Online Training      Introduction to Digital Business                          Peningkatan Pengetahuan tentang                        1,52
                                                                                                            Digital / Increase Knowledge about
                                                                                                            Digital
  49          Manager        Online Training      Introduction to Digital Innovation and Collaboration      Peningkatan Pengetahuan tentang                        0,76
                                                                                                            Innovation / Increase Knowledge about
                                                                                                            Innovation
  50          Manager        Publik Training      Pelatihan Pembuatan Beton Lulus Air (Porous Kebutuhan kompetensi jabatan / Job                                   0,76
                                                  Concrete) / Training on Making Porous Concrete competency requirements
      51      Manager        Public Training      Bimbingan Teknis Proper / Proper Technical Guidance Kebutuhan Terhadap Jabatan / Job                             1,52
                                                                                                      related requirements
  52          Manager        Online Training      Webinar Diskusi Panel GRC Series 2023 / GRC Series Peningkatan Pengetahiuan Tentang GRC                          6,06
                                                  2023 Panel Discussion Webinar                      / Increase Knowledge About GRC
  53          Manager        Online Training      Webinar Penilaian GCG Berdasarkan POJK 21/ Kebutuhan kompetensi jabatan / Job                                   11,36
                                                  POJK.04/2015 (Tentang Penerapan Pedoman Tata competency requirements
                                                  Kelola Perusahaan Tbk) / GCG Assessment Webinar
                                                  Based on POJK 21/POJK.04/2015 (Concerning the
                                                  Implementation of Public Company Corporate
                                                  Governance Guidelines)
  54          Manager           In House          Pelatihan Tata Kelola (Governance), Risiko (Risk) Kebutuhan kompetensi jabatan / Job                             5,30
                                Training          dan Kepatuhan (Compliance) / Governance, Risk and competency requirements
                                                  Compliance Training
  55          Manager        Online Training      Learn and Share Pemilihan Gear Box dan Pengenalan Peningkatan Pengetahuan tentang Gera                           0,76
                                                  Master Gear Kiln dan Cement Mill Merk Sew Eurodrive” Box / Increase Knowledge of Gearboxes
                                                  / Learn and Share Gear Box Selection and Introduction
                                                  to Master Gear Kiln and Cement Mill Brand Sew
                                                  Eurodrive”
  56          Manager        Online Training      Online Course - Advanced Pricing Management and Peningkatan soft skill / Improve soft                            4,55
                                                  Strategy                                        skills
  57          Manager        Online Training      Online Training - SHE Leader Talks Implementasi Peningkatan wawasan tentang Safety /                             3,03
                                                  Sistem Manajemen K3 / Online Training - SHE Leader Increase insight into Safety
                                                  Talks Implementation of the OHS Management System
  58          Manager        Online Training      Online Training - CEO TALK & BUSINESS BRIEFING - Peningkatan soft skill / Improve soft                          43,18
                                                  SIG AKHLAK CULTURE FESTIVAL 2023                 skills
  59          Manager        Online Training      Online Course - Strategic Business Analysis               Peningkatan Pengetahuan tentang                       19,70
                                                                                                            Strategic / Increase Knowledge about
                                                                                                            Strategic
  60          Manager        Public Training      Online Training - Sertifikasi Pengawas Operasional Sertifikasi Profesi                /    Professional          0,76
                                                  Utama / Online Training - Main Operations Supervisor Certification
                                                  Certification
      61      Manager        Online Training      Health Talk : “Waspada Infeksi Saluran Pernapasan Penambahan   wawasan        tentang                           10,61
                                                  Akut (ISPA)” / Health Talk: “Beware of Acute kesehatan / Increase insight into health
                                                  Respiratory Infections (ARI)”
  62          Manager        Online Training      Learn & Share “ Penulisan & Penyusunan Makalah” / Peningkatan keahlian dalam menulis                             3,03
                                                  Learn & Share “Writing & Preparing Papers”        makalah / Improve skills in writing papers
  63          Manager        Online Training      Online Course “Marketing Management”                      Peningkatan Pengetahuan tentang                        3,79
                                                                                                            Marketing Mangement / Increase
                                                                                                            Knowledge     about    Marketing
                                                                                                            Management
  64          Manager        Online Training      Learn and Share “Green Leadership dan Inovasi Sosial Peningkatan wawasan tentang Proper                         12,88
                                                  dalam Penilaian Proper Emas” / Learn and Share Emas / Improve insight into Gold Proper
                                                  “Green Leadership and Social Innovation in the Gold
                                                  Proper Assessment”
  65          Manager        Public Training      Pelatihan Sustainability Reporting Standart & Kebutuhan kompetensi jabatan / Job                                 0,76
                                                  Implementation + Update ISSB Standart IFRS S1&S2 competency requirements
                                                  / Training on Sustainability Reporting Standard &
                                                  Implementation + Update ISSB Standard IFRS S1&S2
  66          Manager        Public Training      Undangan Onboarding Agent of Change AKHLAK / Peningkatan soft skill / Improve soft                               0,76
                                                  AKHLAK Agent of Change Onboarding Invitation skills




154        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 157
                 Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                 Management Discussion and Analysis            Good Corporate Governance            Corporate Social and Environmental Responsibility




                                 Demografi Karyawan dan Pengembangan Kompetensi
                                Employee Demography and Competency Development


                                                                                                                                                            % Per Level
      Jenjang
                      Jenis Pelatihan                                                                                                                        Jabatan
No   Jabatan /                                        Program Pelatihan / Training Program              Tujuan Pelatihan / Training Objective
                      / Training Type                                                                                                                         / % Per
      Position
                                                                                                                                                             Position
67   Manager           Online Training      Online Course “ Sistem Otomasi Industri “ / Online Peningkatan wawasan Tentang otomasi                                 3,03
                                            Course “Industrial Automation Systems”             Industri / Increase insight into Industrial
                                                                                               automation
68   Manager           Online Training      Learning with The Expert #2 dengan topik “Managing Peningkatan soft skill / Improve soft                              22,73
                                            Corporate Communication” / Learning with The skills
                                            Expert #2 with the topic “Managing Corporate
                                            Communication”
69   Manager           Online Training      Healthy Talk dengan topik “SADARI (perikSA payuDAra Peningkatan         wawasan         tentang                        5,30
                                            sendiRI): Deteksi Dini Kanker Payudara” / Healthy Talk kesehatan / Increase insight into health
                                            with the topic “SADARI (examine your breasts): Early
                                            Detection of Breast Cancer”
70   Manager               In House         In House Training Overhoul 2024                           Peningkatan pengetahuan tentang                             10,61
                           Training                                                                   Overhoul / Increase knowledge about
                                                                                                      Overhaul
71   Manager               In House         Instruktur In House Training Overhoul 2024 / In House Peningkatan kemampuan megajar /                                  1,52
                           Training         Training Overhoul Instructor 2024                     Improve teaching abilities
72   Manager               In House         In House Training GPS Geodetik S850+                      Kebutuhan kompetensi jabatan / Job                           3,79
                           Training                                                                   competency requirements
73   Manager           Public Training      Seminar Nasional Call for Paper AvoER 15 (2023) Sharing knowledge / Knowledge sharing                                  0,76
                                            Fakultas    Teknik     Universitas  Sriwijaya   dan
                                            Penyampaian Jurnal SMBR / National Seminar Call
                                            for Paper AvoER 15 (2023) Faculty of Engineering,
                                            Sriwijaya University and SMBR Journal Submission
74   Manager               In House         In House Training Pengujian Beton / In House Training Peningkatan Kompetensi Personil /                                1,52
                           Training         Concrete Testing                                      Increase Personnel Competency
75   Manager           Online Training      Online Training “Sertifikasi Auditor Energi & Sertifikasi Profesi                         /     Professional           1,52
                                            Resertifikasi Manager & Auditor Energi / Online Certification
                                            Training “Energy Auditor Certification & Energy
                                            Manager and Auditor Certification
76   Manager               In House         In House Training SNI ISO / IEC 17025:2017 / SNI ISO In Peningkatan Pengetahuan tentang SNI /                          0,76
                           Training         House Training / IEC 17025:2017                         Increase Knowledge about SNI
77   Manager               In House         Instruktur In House Training SNI ISO / IEC 17025:2017 / Peningkatan Pengetahuan tentang SNI /                          0,76
                           Training         SNI ISO In House Training Instructure / IEC 17025:2017 Increase Knowledge about SNI
78   Manager           Online Training      Pelatihan dan Sertifikasi terkait Life Cycle Asessment Sertifikasi Profesi                /     Professional           1,52
                                            (LCA) untuk PROPER / Training and Certification Certification
                                            related to Life Cycle Assessment (LCA) for PROPER
79   Manager           Online Training      Sertifikasi Auditor SMK3 / SMK3 Auditor Certification     Sertifikasi Profesi             /     Professional           0,76
                                                                                                      Certification
80   Manager           Online Training      Online Training Kepemimpinan Pada Faktor Tolerance Peningkatan soft skill / Improve soft                             20,45
                                            Of Uncertainty Karyawan SMBR / Online Leadership skills
                                            Training on the Tolerance of Uncertainty Factor for
                                            SMBR Employees
81   Manager           Online Training      “Learn and Share Financial Planning #1”                   Sharing Knowledge tentang Financial /                       13,64
                                                                                                      Sharing Knowledge about Finance
82   Manager           Online Training      Technomarketing Forum dengan topik “Workforce : Peningkatan soft skill / Improve soft                                  4,55
                                            Upskilling and Reskilling” / Technomarketing Forum skills
                                            with the topic “Workforce: Upskilling and Reskilling”
83   Manager           Online Training      Learning with The Expert (LTE) #3 dengan topik Peningkatan soft skill / Improve soft                                   9,85
                                            “Happy Changes in Turbulence” / Learning with The skills
                                            Expert (LTE) #3 with the topic “Happy Changes in
                                            Turbulence”
84   Manager           Public Training      Temu Karya Mutu & Produktivitas Nasional / National Peningkatan wawasan tentang Innovasi /                             1,52
                                            Quality & Productivity Work Meeting                 Increase insight into Innovation
85   Manager           Public Training      Seminar Nasional & Pengukuhan Gelar Kompetensi Sertifikasi Profesi                        /     Professional           0,76
                                            Auditor Internal bersertifikat ACCIA, CCIA, CPIA & Certification
                                            CPAM / National Seminar & Inauguration of ACCIA,
                                            CCIA, CPIA & CPAM certified Internal Auditor
                                            Competency Degrees
86   Manager           Public Training      Pengembangan Sumber Daya Manusia (SDM) melalui Pengembangan     skill  mengajar                             /          0,76
                                            TOT Junior / Human Resources (HR) Development Development of teaching skills
                                            through TOT Junior




                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                 155
Page 158
                             Ikhtisar Kinerja                Laporan Manajemen       Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report       Company Profile          Overview on Business Supports




Demografi Karyawan dan Pengembangan Kompetensi
Employee Demography and Competency Development


                                                                                                                                                         % Per Level
              Jenjang
                            Jenis Pelatihan                                                                                                               Jabatan
      No     Jabatan /                                    Program Pelatihan / Training Program            Tujuan Pelatihan / Training Objective
                            / Training Type                                                                                                                / % Per
              Position
                                                                                                                                                          Position
      87      Manager        Online Training      Learn and Share “Financial Planning #2” dan Peningkatan Pengetahuan tentang                                  12,88
                                                  “Pengumuman Pemenang SIG Ambassador Tahun Financial / Increase Knowledge about
                                                  2022 / Learn and Share “Financial Planning #2” and Finance
                                                  “Announcement of 2022 SIG Ambassador Winners
      88      Manager           In House          Instruktur In House Training Limbah B3 / In House Pengembangan      skill  mengajar                /          0,76
                                Training          Hazardous Waste Training Instructor               Development of teaching skills
      89      Manager        Online Training      Refreshment Sertifikasi AK3 Umum / General AK3 Sertifikasi Profesi                 /    Professional          0,76
                                                  Certification Refreshment                      Certification
      90      Manager        Online Training      (Online) Sertifikasi Pengawas Operasional Utama / Sertifikasi Profesi              /    Professional          1,52
                                                  Principal Operational Supervisor Certification    Certification
      91      Manager        Online Training      Tes Potensial Akademik (TPA) SIG Fellowship / SIG Seleksi S2 / Selection for Master’s                        17,42
                                                  Fellowship Academic Potential Test (TPA).         Degree
      92      Manager        Public Training      IHT Aplikasi & Perkembangan Teknologi Bahan Kebutuhan kompetensi jabatan / Job                                2,27
                                                  Peledak / IHT Applications & Developments in competency requirements
                                                  Explosives Technology
      93      Manager        Online Training      “Talk Show SRIKANDI SIG : Achieving Gender Equality Peningkatan soft skill / Improve soft                     9,09
                                                  through Green Innovation and Its Business Impact”   skills
      94      Manager        Online Training      Peringatan Hari Ibu Tahun 2023 Srikandi BUMN / Peningkatan soft skill / Improve soft                          0,76
                                                  Commemoration of Mother’s Day 2023 Srikandi BUMN skills




4. Supervisor                                                                    4. Supervisor
                                                                                                                                                         % Per Level
              Jenjang
                            Jenis Pelatihan                                                                                                               Jabatan
      No     Jabatan /                                    Program Pelatihan / Training Program            Tujuan Pelatihan / Training Objective
                            / Training Type                                                                                                                / % Per
              Position
                                                                                                                                                          Position
      1      Supervisor         In House          Instruktur IHT Autonomous Maintenance, Planned         Sharing sesion tentang TPM dan                        12,87
                                Training          Maintenance & Focused Improvement / IHT                meningkatakan skill mengajar / Sharing
                                                  Autonomous Maintenance, Planned Maintenance &          session about TPM and improving
                                                  Focused Improvement Instructor                         teaching skills
      2      Supervisor         In House          IHT Autonomous Maintenance, Planned Maintenance Peningkatan pengetahuan tentang cara                          2,21
                                Training          & Focused Improvement                           Smart Inspection / Increase knowledge
                                                                                                  about Smart Inspection methods
      3      Supervisor         In House          SAP Modul HC                                           Refreshment SAP Modul HC                               1,10
                                Training
      4      Supervisor      Public Training      Pelatihan Verifikasi dan Perhitungan TKDN / TKDN Pemenuhan       Kebutuhan    Pelatihan                       0,37
                                                  Verification and Calculation Training            Terhadap Pekerjaan dan Jabatan /
                                                                                                   Fulfillment of Training Needs for Jobs
                                                                                                   and Positions
      5      Supervisor         In House          Instruktur Training Tableau Divison Logistic / Tableau Mengasah Skill mengajar / Improve                      0,37
                                Training          Logistics Division Training Instructor                 teaching skills
      6      Supervisor         In House          Training Tableau Divison Logistic / Tableau Logistics Pemenuhan       Kebutuhan    Pelatihan                  1,84
                                Training          Division Training                                     Terhadap Pekerjaan dan Jabatan /
                                                                                                        Fulfillment of Training Needs for Jobs
                                                                                                        and Positions
      7      Supervisor         In House          In House Training Business Continuity Management Pemenuhan       Kebutuhan    Pelatihan                       0,74
                                Training          System (BCMS)                                    Terhadap Pekerjaan dan Jabatan /
                                                                                                   Fulfillment of Training Needs for Jobs
                                                                                                   and Positions
      8      Supervisor         In House          Intro to Risk Management                               Pemenuhan       Kebutuhan    Pelatihan                 2,94
                                Training                                                                 Terhadap Pekerjaan dan Jabatan /
                                                                                                         Fulfillment of Training Needs for Jobs
                                                                                                         and Positions
      9      Supervisor      Publik Training      BIMTEK Pengelolaan Limbah Bahan Berbahaya dan Pemenuhan          Kebutuhan    Pelatihan                       0,37
                                                  Beracun (B3) / Technical Course on Management of Terhadap Pekerjaan dan Jabatan /
                                                  Hazardous and Toxic Waste (B3)                   Fulfillment of Training Needs for Jobs
                                                                                                   and Positions




156        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 159
                 Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                 Management Discussion and Analysis            Good Corporate Governance             Corporate Social and Environmental Responsibility




                                 Demografi Karyawan dan Pengembangan Kompetensi
                                Employee Demography and Competency Development


                                                                                                                                                             % Per Level
      Jenjang
                      Jenis Pelatihan                                                                                                                         Jabatan
No   Jabatan /                                        Program Pelatihan / Training Program               Tujuan Pelatihan / Training Objective
                      / Training Type                                                                                                                          / % Per
      Position
                                                                                                                                                              Position
10   Supervisor        Online Training      Online Course “How to Master Digital Marketing Menambah Wawasan Tentang Digital                                        10,66
                                            Management” in collaboration with SIG Digital Marketing / Increase insight into digital
                                            (Product: SobatBangun) / Online Course “How to marketing
                                            Master Digital Marketing Management” in collaboration
                                            with SIG Digital (Product: SobatBangun)
11   Supervisor        Online Training      Learn and Share Indonesia Infrastructure Research Penambahan      wawasan       tentang                                 8,09
                                            and Innovation (I2RI) dengan topik “Construction Construction project / Increase insight
                                            Project Management” / Learn and Share Indonesia on Construction projects
                                            Infrastructure Research and Innovation (I2RI) with the
                                            topic “Construction Project Management”
12   Supervisor        Online Training      Workshop Lifestyle Photography                             Peningkatan soft skill / Improve soft                        7,72
                                                                                                       skills
13   Supervisor        Online Training      Go Live SIG Innovation                                     Peningkatan soft skill / Improve soft                       15,81
                                                                                                       skills
14   Supervisor            In House         Awareness SNI 2049:2022 dan SNI 7064:2022 / Pemenuhan       Kebutuhan    Pelatihan                                      2,57
                           Training         Awareness SNI 2049:2022 and SNI 7064:2022   Terhadap Pekerjaan dan Jabatan /
                                                                                        Fulfillment of Training Needs for Jobs
                                                                                        and Positions
15   Supervisor        Online Training      Learn & Share AKHLAK Srikandi dengan tema “All Peningkatan soft skill / Improve soft                                    6,62
                                            Women are Super Woman!” / Learn & Share AKHLAK skills
                                            Srikandi with the theme “All Women are Super
                                            Women!”
16   Supervisor        Online Training      Online Training Brand Strategy Management                  Peningkatatan wawasan tentang Brand                          1,10
                                                                                                       Strategy / Increase insight on Brand
                                                                                                       Strategy
17   Supervisor        Public Training      Seminar Uji Layanan K3 / OHS Service Test Seminar          Sharing knowledge                                            0,37
18   Supervisor        Public Training      Pengukuran Dampak Program Tanggung Jawab Sosial            Pemenuhan       Kebutuhan    Pelatihan                       1,10
                                            (TJSL) dengan Metode Social Return on Investment           Terhadap Pekerjaan dan Jabatan /
                                            (SROI) / Measuring the Impact of Social Responsibility     Fulfillment of Training Needs for Jobs
                                            Programs (TJSL) using the Social Return on                 and Positions
                                            Investment (SROI) Method
19   Supervisor        Public Training      Sertifikasi Petugas Peran Kebakaran Kelas D / Class D Sertifikasi Profesi                  /     Professional           0,37
                                            Fire Officer Certification                            Certification
20   Supervisor        Online Training      Online Training Drone Pilot License                        Pemenuhan       Kebutuhan    Pelatihan                       0,37
                                                                                                       Terhadap Pekerjaan dan Jabatan /
                                                                                                       Fulfillment of Training Needs for Jobs
                                                                                                       and Positions
21   Supervisor        Online Training      Online Training Bincang - bincang Expert “innovation Penambahan         wawasan    Tentang                              6,62
                                            Management” / Online Training Expert Talks innovation Management / Increase
                                            “Innovation Management”                              insight on innovation management
22   Supervisor        Online Training      Online Training Membangun Budaya Anti Suap SIG / Menmabah wawasan tentang Anti                                          8,82
                                            Online Training Building a SIG Anti-Bribery Culture Penyuapan / Increase insight into Anti-
                                                                                                Bribery
23   Supervisor        Online Training      Online Training Cooking & Table Setting                    Peningkatan soft skill / Improve soft                        0,74
                                                                                                       skills
24   Supervisor        Online Training      Online Training SHE Leader Talks “Wellness Program Pemahaman      tentang                         Safety     /          3,31
                                            at Workplace”                                      Understanding of Safety
25   Supervisor        Online Training      Online Course “Engineering & Project Management Pemahaman tentang Engineering                                /          1,84
                                            Control”                                        Understanding of Engineering
26   Supervisor           Aplikasi          E-Learning Bimtek Peningkatan Pemahaman Pemahaman tentang Gratifikasi                                        /          2,94
                        E-Learning /        Gratifikasi / E-Learning Technical Guidance to Understanding of Gratuity
                        E-Learning          Increase Understanding of Gratuity
                        Application
27   Supervisor        Online Training      Training Designing Professional Presentation Material Pemenuhan       Kebutuhan    Pelatihan                            0,37
                                            With Powerpoint                                       Terhadap Pekerjaan dan Jabatan /
                                                                                                  Fulfillment of Training Needs for Jobs
                                                                                                  and Positions
28   Supervisor        Online Training      Online Training Office Management                          Menambah wawasan tentang office                              2,57
                                                                                                       Mangement / Increase insight into office
                                                                                                       management




                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                  157
Page 160
                             Ikhtisar Kinerja                Laporan Manajemen          Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report          Company Profile           Overview on Business Supports




Demografi Karyawan dan Pengembangan Kompetensi
Employee Demography and Competency Development


                                                                                                                                                                % Per Level
              Jenjang
                            Jenis Pelatihan                                                                                                                      Jabatan
  No         Jabatan /                                    Program Pelatihan / Training Program               Tujuan Pelatihan / Training Objective
                            / Training Type                                                                                                                       / % Per
              Position
                                                                                                                                                                 Position
      29     Supervisor      Online Training      Learn & Share Digital Innovation in Learning - Kick off Peningkatan soft skill / Improve soft                        7,72
                                                  New Learning Experience                                 skills
      30     Supervisor      Online Training      Internalisasi Core Values AKHLAK dengan tema Peningkatan soft skill / Improve soft                                  10,29
                                                  “Menjadi Insan yang Bersyukur dengan BerAKHLAK skills
                                                  Mulia” / Internalization of AKHLAK Core Values with
                                                  the theme “Becoming a Grateful Person with Noble
                                                  AKHLAK”
      31     Supervisor      Online Training      Online Training “Pertanahan” / Online Training “Land Penambahan        wawasan        tentang                        0,74
                                                  Affairs”                                             Pertanahan / Increase insight into Land
      32     Supervisor      Online Training      Online Training “Strategy Management”                     Menambah       wawasan    Strategy                         0,74
                                                                                                            Mangement / Increase insight into
                                                                                                            Strategy Management
      33     Supervisor         Aplikasi          E-Learning Refreshment Safety leadership & Baturaja Refreshment Safety                                               4,41
                              E-Learning /        Risk Contaiment Tahun 2023
                              E-Learning
                              Application
      34     Supervisor         In House          IHT - Sharing knowledge Mengenai Cara Efektif Peningkatan keahlian dalam pembuatan                                   1,47
                                Training          Pembuatan Slide / IHT - Sharing knowledge regarding slde / Improve skills in slide creation
                                                  effective ways to make slides
      35     Supervisor      Online Training      AI & Machine Learning                                     Digitalisasi / Digitalization                              1,84
      36     Supervisor      Online Training      Data Science & Analytics                                  Digitalisasi / Digitalization                              3,31
      37     Supervisor      Online Training      AR/VR Metaverse                                           Digitalisasi / Digitalization                              2,21
      38     Supervisor      Online Training      Dev Ops                                                   Digitalisasi / Digitalization                              0,37
      39     Supervisor      Public Training      Learn & Share Internalisasi Core Value AKHLAK Menambah wawasan financial / Increase                                  2,94
                                                  “Financial Planning For Future Serenity” / Learn & financial insight
                                                  Share Internalization of the AKHLAK Core Value
                                                  “Financial Planning For Future Serenity”
      40     Supervisor      Online Training      Online Training Bincang - bincang Expert “innovation Menambah wawasan Innovation                          /          6,62
                                                  Management” / Online Training Expert Talks Increase innovation insight
                                                  “Innovation Management”
      41     Supervisor      Online Training      Learn & Share Internalisasi Core Value AKHLAK Menambah wawasan linkungan                                  /          4,78
                                                  “Awareness Of Sustainability Issues “Realize Green Increase environmental insight
                                                  Environment”
      42     Supervisor      Online Training      Online Course Energy Management                           Peningkatan  pengetahuan                   energy          0,74
                                                                                                            management    /  Increase                  energy
                                                                                                            management knowledge
      43     Supervisor         In House          IHT / Workshop Pengelasan dan Plasma Cutting / IHT / Pemenuhan       Kebutuhan    Pelatihan                          1,10
                                Training          Welding and Plasma Cutting Workshop                  Terhadap Pekerjaan dan Jabatan /
                                                                                                       Fulfillment of Training Needs for Jobs
                                                                                                       and Positions
      44     Supervisor      Online Training      Online Course “GCT Operation”                             Pemenuhan       Kebutuhan    Pelatihan                     0,37
                                                                                                            Terhadap Pekerjaan dan Jabatan /
                                                                                                            Fulfillment of Training Needs for Jobs
                                                                                                            and Positions
      45     Supervisor      Online Training      Refreshment Ahli K3 Umum / General OHS Expert Resertifikasi Profesi                     /    Professional            0,74
                                                  Refreshment                                   Recertification
      46     Supervisor         Aplikasi          E-Learning Refreshment Safety Leadership & Refreshment          tentang                          safety   /         31,62
                              E-Learning /        Baturaja Risk Contaiment Tahun 2023 / E-Learning Refreshment about safety
                              E-Learning          Refreshment Safety leadership & Baturaja Risk
                              Application         Containment in 2023
      47     Supervisor      Online Training      Introduction to Digital Innovation and Collaboration      Digitalisasi / Digitalization                              0,37
      48     Supervisor      Public Training      Pelatihan Pembuatan Beton Lulus Air (Porous Pemenuhan          Kebutuhan    Pelatihan                                0,37
                                                  Concrete) / Training on Making Porous Concrete Terhadap Pekerjaan dan Jabatan /
                                                                                                 Fulfillment of Training Needs for Jobs
                                                                                                 and Positions
      49     Supervisor      Public Training      Bimbingan Teknis Proper / Proper Technical Guidance Pemenuhan       Kebutuhan    Pelatihan                           0,37
                                                                                                      Terhadap Pekerjaan dan Jabatan /
                                                                                                      Fulfillment of Training Needs for Jobs
                                                                                                      and Positions




158        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 161
                 Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                 Management Discussion and Analysis            Good Corporate Governance          Corporate Social and Environmental Responsibility




                                 Demografi Karyawan dan Pengembangan Kompetensi
                                Employee Demography and Competency Development


                                                                                                                                                         % Per Level
      Jenjang
                      Jenis Pelatihan                                                                                                                     Jabatan
No   Jabatan /                                        Program Pelatihan / Training Program            Tujuan Pelatihan / Training Objective
                      / Training Type                                                                                                                      / % Per
      Position
                                                                                                                                                          Position
50   Supervisor        Online Training      Webinar Diskusi Panel GRC Series 2023 / GRC Series Pemenuhan       Kebutuhan    Pelatihan                           3,31
                                            2023 Panel Discussion Webinar                      Terhadap Pekerjaan dan Jabatan /
                                                                                               Fulfillment of Training Needs for Jobs
                                                                                               and Positions
51   Supervisor        Online Training      Webinar Penilaian GCG Berdasarkan POJK 21/              Pemenuhan       Kebutuhan    Pelatihan                      3,68
                                            POJK.04/2015 (Tentang Penerapan Pedoman Tata            Terhadap Pekerjaan dan Jabatan /
                                            Kelola Perusahaan Tbk) / Webinar on GCG Assessment      Fulfillment of Training Needs for Jobs
                                            Based on POJK 21/POJK.04/2015 (Concerning the           and Positions
                                            Implementation of Public Company Corporate
                                            Governance Guidelines)
52   Supervisor            In House         Pelatihan Tata Kelola (Governance), Risiko (Risk) Pemenuhan       Kebutuhan    Pelatihan                            0,37
                           Training         dan Kepatuhan (Compliance) / Governance, Risk and Terhadap Pekerjaan dan Jabatan /
                                            Compliance Training                               Fulfillment of Training Needs for Jobs
                                                                                              and Positions
53   Supervisor        Online Training      Learn and Share Pemilihan Gear Box dan Pengenalan Peningkatan wawasan tentang Gear Box                              0,74
                                            Master Gear Kiln dan Cement Mill Merk Sew Eurodrive” / Improve insight into Gearbox
                                            / Learn and Share Gear Box Selection and Introduction
                                            to Master Gear Kiln and Cement Mill Brand Sew
                                            Eurodrive”
54   Supervisor           Aplikasi          E-Learning Bimtek Peningkatan Pemahaman Peningkatan             wawasan     tentang                                47,43
                        E-Learning /        Gratifikasi / E-Learning Technical Guidance to Gratifikasi / Increased insight into
                        E-Learning          Improve Understanding of Gratuity              Gratuity
                        Application
55   Supervisor        Online Training      Online Course - Advanced Pricing Management and Wawasan tentang Pricing strategy /                                  2,94
                                            Strategy                                        Insight into Pricing strategy
56   Supervisor        Online Training      Online Training - CEO TALK & BUSINESS BRIEFING - Peningkatan soft skill / Improve soft                             27,21
                                            SIG AKHLAK CULTURE FESTIVAL 2023                 skills
57   Supervisor        Online Training      Online Course - Strategic Business Analysis             Peningkatan wawasan tentang Strategi                        5,88
                                                                                                    bisnis / Increased insight into business
                                                                                                    strategy
58   Supervisor        Public Training      Mengenal Laser Projector Brite & IFP Brite Horizon Pemenuhan        Kebutuhan    Pelatihan                          0,37
                                            / Getting to know the Brite Laser Projector & Brite Terhadap Pekerjaan dan Jabatan /
                                            Horizon IFP                                         Fulfillment of Training Needs for Jobs
                                                                                                and Positions
59   Supervisor        Online Training      Health Talk : “Waspada Infeksi Saluran Pernapasan Penambahan wawasan tentang ISPA /                                 6,25
                                            Akut (ISPA)” / Health Talk: “Beware of Acute Increase insight into ISPA
                                            Respiratory Infections (ARI)”
60   Supervisor        Online Training      Learn & Share “Penulisan & Penyusunan Makalah” / Penambahan wawasan tata cara menulis                               2,57
                                            Learn & Share “Writing & Preparing Papers”       makalah / Increase insight into how to
                                                                                             write a paper
61   Supervisor        Online Training      Online Course “ Marketing Management”                   Penambahan     wawasan                   Marketing          3,68
                                                                                                    management / Increase                    Marketing
                                                                                                    management insight
62   Supervisor        Online Training      Learn and Share “Green Leadership dan Inovasi Sosial Penambahan wawasan tentang PROPER                              3,68
                                            dalam Penilaian PROPER Emas” / Learn and Share Emas / Increase insight into Gold
                                            “Green Leadership and Social Innovation in the Gold PROPER
                                            PROPER Assessment”
63   Supervisor        Online Training      Unlocking Sustainable Success: Navigating Business Pemenuhan       Kebutuhan    Pelatihan                           0,37
                                            Beyond Environmental Concerns”                     Terhadap Pekerjaan dan Jabatan /
                                                                                               Fulfillment of Training Needs for Jobs
                                                                                               and Positions
64   Supervisor        Public Training      Fortinet Network Security Solution “Stay Secure and Pemenuhan       Kebutuhan    Pelatihan                          0,37
                                            Protected”                                          Terhadap Pekerjaan dan Jabatan /
                                                                                                Fulfillment of Training Needs for Jobs
                                                                                                and Positions
65   Supervisor        Online Training      Online Course “ Sistem Otomasi Industri “ / Online Pemenuhan       Kebutuhan    Pelatihan                           1,84
                                            Course “Industrial Automation Systems”             Terhadap Pekerjaan dan Jabatan /
                                                                                               Fulfillment of Training Needs for Jobs
                                                                                               and Positions




                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                              159
Page 162
                             Ikhtisar Kinerja                Laporan Manajemen         Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report         Company Profile          Overview on Business Supports




Demografi Karyawan dan Pengembangan Kompetensi
Employee Demography and Competency Development


                                                                                                                                                            % Per Level
              Jenjang
                            Jenis Pelatihan                                                                                                                  Jabatan
  No         Jabatan /                                    Program Pelatihan / Training Program              Tujuan Pelatihan / Training Objective
                            / Training Type                                                                                                                   / % Per
              Position
                                                                                                                                                             Position
      66     Supervisor      Online Training      Learning with The Expert #2 dengan topik “Managing Peningkatan pengetahuan   cara                                8,09
                                                  Corporate Communication” / Learning with The berkomuikasi / Increase knowledge of
                                                  Expert #2 with the topic “Managing Corporate how to communicate
                                                  Communication”
      67     Supervisor      Online Training      Healthy Talk dengan topik “SADARI (perikSA payuDAra Peningkatan wawasan                  Kesehatan    /          2,21
                                                  sendiRI): Deteksi Dini Kanker Payudara” / Healthy Talk Improve Health insight
                                                  with the topic “SADARI (examine your breasts): Early
                                                  Detection of Breast Cancer”
      68     Supervisor         In House          In House Training Overhaul 2024                          Pemenuhan       Kebutuhan    Pelatihan                  1,84
                                Training                                                                   Terhadap Pekerjaan dan Jabatan /
                                                                                                           Fulfillment of Training Needs for Jobs
                                                                                                           and Positions
      69     Supervisor         In House          In House Training GPS Geodetik S850+                     Pemenuhan       Kebutuhan    Pelatihan                  3,68
                                Training                                                                   Terhadap Pekerjaan dan Jabatan /
                                                                                                           Fulfillment of Training Needs for Jobs
                                                                                                           and Positions
      70     Supervisor         In House          Seminar Nasional Call for Paper AvoER 15 (2023) Sharing Knowledge                                                1,10
                                Training          Fakultas    Teknik     Universitas  Sriwijaya   dan
                                                  Penyampaian Jurnal SMBR / National Seminar Call
                                                  for Paper AvoER 15 (2023) Faculty of Engineering,
                                                  Sriwijaya University and SMBR Journal Submission
      71     Supervisor         In House          In House Training Pengujian Beton / In House Training Pemenuhan       Kebutuhan    Pelatihan                     1,84
                                Training          on Concrete Testing                                   Terhadap Pekerjaan dan Jabatan /
                                                                                                        Fulfillment of Training Needs for Jobs
                                                                                                        and Positions
      72     Supervisor      Online Training      Online Training “Sertifikasi Auditor Energi & Sertifikasi Profesi                    /     Professional          0,37
                                                  Resertifikasi Manager & Auditor Energi / Online Certification
                                                  Training “Energy Auditor Certification & Energy
                                                  Manager and Auditor Certification
      73     Supervisor         In House          In House Training SNI ISO / IEC 17025:2017               Pemenuhan       Kebutuhan    Pelatihan                  1,10
                                Training                                                                   Terhadap Pekerjaan dan Jabatan /
                                                                                                           Fulfillment of Training Needs for Jobs
                                                                                                           and Positions
      74     Supervisor         In House          Ekskursi Teknik Pertambangan Institut Teknologi Sharing Knowledge                                                0,74
                                Training          Sumatera / Sumatra Institute of Technology Mining
                                                  Engineering Excursion
      75     Supervisor      Online Training      Pelatihan dan Sertifikasi terkait Life Cycle Asessment Sertifikasi Profesi           /     Professional          0,74
                                                  (LCA) untuk PROPER / Training and Certification Certification
                                                  related to Life Cycle Assessment (LCA) for PROPER
      76     Supervisor      Online Training      “Learn and Share Financial Planning #1”                  Sharing Knowledge                                       6,25
      77     Supervisor      Online Training      Technomarketing Forum dengan topik “Workforce : Peningkatan soft skill / Improve soft                            3,68
                                                  Upskilling and Reskilling” / Technomarketing Forum skills
                                                  with the topic “Workforce: Upskilling and Reskilling”
      78     Supervisor      Online Training      Learning with The Expert (LTE) #3 dengan topik Peningkatan soft skill / Improve soft                             4,04
                                                  “Happy Changes in Turbulence” / Learning with The skills
                                                  Expert (LTE) #3 with the topic “Happy Changes in
                                                  Turbulence”
      79     Supervisor      Publik Training      Temu Karya Mutu & Produktivitas Nasional / National Penambahan wawasan tentang cara                              1,84
                                                  Quality & Productivity Work Meeting                 berinovasi / Increase insight into how to
                                                                                                      innovate
      80     Supervisor      Publik Training      Pelatihan & Sertifikasi Teknisi K3 Listrik / Electrical Sertifikasi Profesi          /     Professional          0,37
                                                  OHS Technician Training & Certification                 Certification
      81     Supervisor      Publik Training      Pelatihan & Sertifikasi K3 Operator Elevator & Sertifikasi Profesi                   /     Professional          0,37
                                                  Eskalator / OHS Training & Certification for Elevator & Certification
                                                  Escalator Operators
      82     Supervisor      Public Training      Pengembangan Sumber Daya Manusia (SDM) melalui Pengembangan skill mengajar / Develop                             0,74
                                                  TOT Junior / Human Resources (HR) Development teaching skills
                                                  through TOT Junior




160        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 163
                       Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis            Good Corporate Governance          Corporate Social and Environmental Responsibility




                                       Demografi Karyawan dan Pengembangan Kompetensi
                                      Employee Demography and Competency Development


                                                                                                                                                               % Per Level
            Jenjang
                            Jenis Pelatihan                                                                                                                     Jabatan
    No     Jabatan /                                        Program Pelatihan / Training Program            Tujuan Pelatihan / Training Objective
                            / Training Type                                                                                                                      / % Per
            Position
                                                                                                                                                                Position
     83   Supervisor         Public Training      Pelatihan Risk Management Program (QRMP – Kebutuhan kompetensi jabatan / Job                                        0,37
                                                  Qualified Risk Management Proffesional Ujian competency requirements
                                                  Sertifikasi Risk Management Program (QRMP –
                                                  Qualified Risk Management Proffesional) / Risk
                                                  Management Program Training (QRMP – Qualified
                                                  Risk Management Professional) Risk Management
                                                  Program Certification Exam (QRMP – Qualified Risk
                                                  Management Professional)
     84   Supervisor         Public Training      Pelatihan & Sertifikasi Penanggulangan Pemadam Sertifikasi Profesi                      /     Professional          0,37
                                                  Kebakaran Kelas B / Class B Fire Fighting Training & Certification
                                                  Certification
     85   Supervisor         Online Training      Learn and Share “Financial Planning #2” dan Peningkatan soft skill / Improve soft                                   5,51
                                                  “Pengumuman Pemenang SIG Ambassador Tahun skills
                                                  2022 / Learn and Share “Financial Planning #2” and
                                                  “Announcement of 2022 SIG Ambassador Winners
     86   Supervisor             In House         In House Training Limbah B3 / In House Training on Pemenuhan       Kebutuhan    Pelatihan                           1,47
                                 Training         Hazardous Waste                                    Terhadap Pekerjaan dan Jabatan /
                                                                                                     Fulfillment of Training Needs for Jobs
                                                                                                     and Positions
     87   Supervisor         Online Training      Refreshment Sertifikasi AK3 Umum / General AK3 Sertifikasi Profesi                      /     Professional          0,74
                                                  Certification Refreshment                      Certification
     88   Supervisor             In House         Tes Potensial Akademik (TPA) SIG Fellowship / SIG Seleksi Beasiswa S2 / Master’s Degree                             6,62
                                 Training         Fellowship Academic Potential Test (TPA).         Scholarship Selection
     89   Supervisor             In House         IHT Aplikasi & Perkembangan Teknologi Bahan Pemenuhan        Kebutuhan    Pelatihan                                 4,41
                                 Training         Peledak / IHT Applications & Developments in Terhadap Pekerjaan dan Jabatan /
                                                  Explosives Technology                        Fulfillment of Training Needs for Jobs
                                                                                               and Positions
     90   Supervisor         Online Training      “Talk Show SRIKANDI SIG : Achieving Gender Equality Peningkatan soft skill / Improve soft                           5,88
                                                  through Green Innovation and Its Business Impact”   skills
     91   Supervisor         Public Training      Event Enhancing IT Infrastructure Reliability and Penambahan wawasan tentang IT /                                   0,37
                                                  Resilience with Dell Technologies Solutions       Increase insight into IT



5. Non Staff                                                                             5. Non Staff
                                                                                                                                                               % Per Level
            Jenjang
                            Jenis Pelatihan                                                                                                                     Jabatan
    No     Jabatan /                                        Program Pelatihan / Training Program            Tujuan Pelatihan / Training Objective
                            / Training Type                                                                                                                      / % Per
            Position
                                                                                                                                                                Position
     1     Non Staff             In House         IHT Autonomous Maintenance, Planned Maintenance Peningkatan pengetahuan tentang cara                               18,15
                                 Training         & Focused Improvement                           Smart Inspection / Increase knowledge
                                                                                                  about Smart Inspection methods
     2     Non Staff             In House         SAP Modul HC                                            Refreshment SAP Modul HC                                     1,11
                                 Training
     3     Non Staff         Online Training      Sertifikasi Pengawas Operasional Pertama / First Sertifikasi Profesi                    /     Professional          0,74
                                                  Operations Supervisor Certification\             Certification
     4     Non Staff             In House         Training Tableau Divison Logistic / Tableau Logistics Pemenuhan       Kebutuhan    Pelatihan                        0,74
                                 Training         Division Training                                     Terhadap Pekerjaan dan Jabatan /
                                                                                                        Fulfillment of Training Needs for Jobs
                                                                                                        and Positions
     5     Non Staff         Online Training      Intro to Risk Management                                Pemenuhan       Kebutuhan    Pelatihan                       1,11
                                                                                                          Terhadap Pekerjaan dan Jabatan /
                                                                                                          Fulfillment of Training Needs for Jobs
                                                                                                          and Positions
     6     Non Staff         Public Training      Training Teknik Pembuatan Bahan Acuan Bersertifikat Pemenuhan         Kebutuhan    Pelatihan                        0,74
                                                  / Techniques for Making Certified Reference Materials Terhadap Pekerjaan dan Jabatan /
                                                                                                        Fulfillment of Training Needs for Jobs
                                                                                                        and Positions
     7     Non Staff         Public Training      Training Drone Pilot License / Drone Pilot License Pemenuhan       Kebutuhan    Pelatihan                           0,37
                                                  Training                                           Terhadap Pekerjaan dan Jabatan /
                                                                                                     Fulfillment of Training Needs for Jobs
                                                                                                     and Positions




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                     161
Page 164
                             Ikhtisar Kinerja                Laporan Manajemen          Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report          Company Profile          Overview on Business Supports




Demografi Karyawan dan Pengembangan Kompetensi
Employee Demography and Competency Development


                                                                                                                                                               % Per Level
              Jenjang
                            Jenis Pelatihan                                                                                                                     Jabatan
  No         Jabatan /                                    Program Pelatihan / Training Program               Tujuan Pelatihan / Training Objective
                            / Training Type                                                                                                                      / % Per
              Position
                                                                                                                                                                Position
      8      Non Staff       Public Training      BIMTEK Pengelolaan Limbah Bahan Berbahaya dan Pemenuhan             Kebutuhan    Pelatihan                          0,37
                                                  Beracun (B3) / Technical Guidance for Management of Terhadap Pekerjaan dan Jabatan /
                                                  Hazardous and Toxic Waste (B3)                      Fulfillment of Training Needs for Jobs
                                                                                                      and Positions
      9      Non Staff       Online Training      Online Course “How to Master Digital Marketing Menambah Wawasan Tentang Digital                                     7,78
                                                  Management” in collaboration with SIG Digital Marketing / Increase insight into digital
                                                  (Product: SobatBangun)                         marketing
      10     Non Staff       Online Training      Learn and Share Indonesia Infrastructure Research Penambahan      wawasan       tentang                             3,70
                                                  and Innovation (I2RI) dengan topik “Construction Construction project / Increase insight
                                                  Project Management” / Learn and Share Indonesia into Construction projects
                                                  Infrastructure Research and Innovation (I2RI) with the
                                                  topic “Construction Project Management”
      11     Non Staff       Online Training      Workshop Lifestyle Photography                            Peningkatan soft skill / Improve soft                      1,11
                                                                                                            skills
      12     Non Staff       Online Training      Go Live SIG Innovation                                    Peningkatan soft skill / Improve soft                     6,30
                                                                                                            skills
      13     Non Staff          In House          Awareness SNI 2049:2022 dan SNI 7064:2022 / Pemenuhan       Kebutuhan    Pelatihan                                   1,11
                                Training          Awareness SNI 2049:2022 and SNI 7064:2022   Terhadap Pekerjaan dan Jabatan /
                                                                                              Fulfillment of Training Needs for Jobs
                                                                                              and Positions
      14     Non Staff       Online Training      Learn & Share Akhlak Srikandi dengan tema “All Peningkatan soft skill / Improve soft                                3,70
                                                  Women are Super Woman!” / Learn & Share AKHLAK skills
                                                  Srikandi with the theme “All Women are Super
                                                  Women!”
      15     Non Staff       Online Training      Online Training Brand Strategy Management                 Peningkatatan wawasan tentang Brand                        1,11
                                                                                                            Strategy / Increase insight into Brand
                                                                                                            Strategy
      16     Non Staff       Public Training      Sertifikasi Petugas P3K / First Aid Officer Certification Sertifikasi Profesi         /    Professional             0,37
                                                                                                            Certification
      17     Non Staff       Public Training      Basic Training Public Relations                           Pemenuhan       Kebutuhan    Pelatihan                    0,37
                                                                                                            Terhadap Pekerjaan dan Jabatan /
                                                                                                            Fulfillment of Training Needs for Jobs
                                                                                                            and Positions
      18     Non Staff       Online Training      Online Training Drone Pilot License                       Sertifikasi Profesi         /    Professional             0,37
                                                                                                            Certification
      19     Non Staff       Online Training      Online Training Bincang - bincang Expert “Innovation Penambahan         wawasan     Tentang                         5,93
                                                  Management” / Online Training Expert Talks innovation Management / Increase
                                                  “Innovation Management”                              insight into innovation management
      20     Non Staff       Online Training      Online Training Membangun Budaya Anti Suap SIG / Menmabah wawasan tentang Anti                                      6,30
                                                  Online Training Building a SIG Anti-Bribery Culture Penyuapan / Increase insight into Anti-
                                                                                                      Bribery
      21     Non Staff       Online Training      Online Training Cooking & Table Setting                   Peningkatan soft skill / Improve soft                     0,37
                                                                                                            skills
      22     Non Staff       Online Training      Online Training SHE Leader Talks “Wellness Program Pemahaman      tentang                       Safety   /          4,81
                                                  at Workplace”                                      Understanding of Safety
      23     Non Staff       Online Training      Online Course “Engineering & Project Management Pemahaman tentang Engineering                            /          1,85
                                                  Control”                                        Understanding of Engineering
      24     Non Staff          Aplikasi          E-Learning Bimtek Peningkatan Pemahaman Pemahaman tentang Gratifikasi                                    /         60,37
                              E-Learning /        Gratifikasi / E-Learning Technical guidance Increasing Understanding of Gratuity
                              E-Learning          Understanding of Gratuity
                              Application
      25     Non Staff       Online Training      Online Training Office Management                         Pemenuhan       Kebutuhan    Pelatihan                    2,22
                                                                                                            Terhadap Pekerjaan dan Jabatan /
                                                                                                            Fulfillment of Training Needs for Jobs
                                                                                                            and Positions
      26     Non Staff       Online Training      Learn & Share Digital Innovation in Learning - Kick off Peningkatan soft skill / Improve soft                       3,70
                                                  New Learning Experience                                 skills
      27     Non Staff       Online Training      Internalisasi Core Values AKHLAK dengan tema Peningkatan soft skill / Improve soft                                  3,33
                                                  “Menjadi Insan yang Bersyukur dengan BerAKHLAK skills
                                                  Mulia” / Internalization of AKHLAK Core Values with
                                                  the theme “Becoming a Grateful Person with Noble
                                                  AKHLAK”




162        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 165
                 Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                 Management Discussion and Analysis            Good Corporate Governance           Corporate Social and Environmental Responsibility




                                 Demografi Karyawan dan Pengembangan Kompetensi
                                Employee Demography and Competency Development


                                                                                                                                                            % Per Level
      Jenjang
                      Jenis Pelatihan                                                                                                                        Jabatan
No   Jabatan /                                        Program Pelatihan / Training Program             Tujuan Pelatihan / Training Objective
                      / Training Type                                                                                                                         / % Per
      Position
                                                                                                                                                             Position
28   Non Staff            Aplikasi          E-Learning Refreshment Safety leadership & Baturaja Refreshment Safety                                                27,41
                        E-Learning /        Risk Contaiment Tahun 2023
                        E-Learning
                        Application
29   Non Staff             In House         IHT - Sharing knowledge Mengenai Cara Efektif Penambahan             wawasa tata    cara                               1,85
                           Training         Pembuatan Slide / IHT - Sharing knowledge regarding pembuatan slide / Added insight into
                                            effective ways to make slides                       how to create slides
30   Non Staff         Online Training      AI & Machine Learning                                    Digitalisasi / Digitalization                                 0,37
31   Non Staff         Online Training      Data Science & Analytics                                 Digitalisasi / Digitalization                                 1,48
32   Non Staff         Online Training      AR/VR Metaverse                                          Digitalisasi / Digitalization                                 0,74
33   Non Staff         Online Training      Dev Ops                                                  Digitalisasi / Digitalization                                 0,37
34   Non Staff         Publik Training      Learn & Share Internalisasi Core Value AKHLAK Menambah wawasan financial / Increase                                    1,85
                                            “Financial Planning For Future Serenity”      financial insight
35   Non Staff         Online Training      Online Training Bincang - bincang Expert “innovation Menambah wawasan Innovation                            /          3,33
                                            Management” / Online Training Expert Talks increase innovation insight
                                            “Innovation Management”
36   Non Staff         Online Training      Learn & Share Internalisasi Core Value AKHLAK Menambah wawasan lingkungan                                   /          1,85
                                            “Awareness Of Sustainability Issues “Realize Green Increase environmental insight
                                            Environment” / Learn & Share Internalization of Core
                                            Values Morals “Awareness of Sustainability Issues
                                            “Realize Green Environment”
37   Non Staff         Online Training      Online Course Energy Management                          Peningkatan  pengetahuan                      energy          0,37
                                                                                                     management    /  Increase                     energy
                                                                                                     management knowledge
38   Non Staff             In House         Workshop Pengelasan dan Plasma Cutting / Welding Pemenuhan       Kebutuhan    Pelatihan                                5,93
                           Training         and Plasma Cutting Workshop                      Terhadap Pekerjaan dan Jabatan /
                                                                                             Fulfillment of Training Needs for Jobs
                                                                                             and Positions
39   Non Staff         Online Training      Introduction to Digital Innovation and Collaboration     Pemenuhan       Kebutuhan    Pelatihan                        0,37
                                                                                                     Terhadap Pekerjaan dan Jabatan /
                                                                                                     Fulfillment of Training Needs for Jobs
                                                                                                     and Positions
40   Non Staff         Public Training      Bimbingan Teknis PROPER / PROPER Technical Pemenuhan       Kebutuhan    Pelatihan                                      1,48
                                            Guidance                                   Terhadap Pekerjaan dan Jabatan /
                                                                                       Fulfillment of Training Needs for Jobs
                                                                                       and Positions
41   Non Staff         Online Training      Webinar Diskusi Panel GRC Series 2023 / GRC Series Pemenuhan       Kebutuhan    Pelatihan                              0,74
                                            2023 Panel Discussion Webinar                      Terhadap Pekerjaan dan Jabatan /
                                                                                               Fulfillment of Training Needs for Jobs
                                                                                               and Positions
42   Non Staff         Online Training      Webinar Penilaian GCG Berdasarkan POJK 21/               Pemenuhan       Kebutuhan    Pelatihan                         1,11
                                            POJK.04/2015 (Tentang Penerapan Pedoman Tata             Terhadap Pekerjaan dan Jabatan /
                                            Kelola Perusahaan Tbk) / GCG Assessment Webinar          Fulfillment of Training Needs for Jobs
                                            Based on POJK 21/POJK.04/2015 (Concerning the            and Positions
                                            Implementation of Tbk Corporate Governance
                                            Guidelines)
43   Non Staff         Online Training      Learn and Share Pemilihan Gear Box dan Pengenalan Peningkatan wawasan tentang Gear Box                                 0,74
                                            Master Gear Kiln dan Cement Mill Merk Sew Eurodrive” / Improved insight into Gear Box
                                            / Learn and Share Gear Box Selection and Introduction
                                            to Master Gear Kiln and Cement Mill Brand Sew
                                            Eurodrive”
44   Non Staff            Aplikasi          E-Learning Bimtek Peningkatan Pemahaman Penambahan                 wawasan         tentang                             11,11
                        E-Learning /        Gratifikasi / E-Learning Technical guidance to Gratifikasi / Increase insight into Gratuity
                        E-Learning          Increase Understanding of Gratuity
                        Application
45   Non Staff         Online Training      Online Training - SHE Leader Talks Implementasi Pemahaman         tentang                       safety      /           1,11
                                            Sistem Manajemen K3 / Online Training - SHE Leader Understanding of safety
                                            Talks Implementation of the OHS Management System
46   Non Staff         Online Training      Online Training - CEO TALK & BUSINESS BRIEFING - Peningkatan soft skill / Improve soft                                21,85
                                            SIG AKHLAK CULTURE FESTIVAL 2023                 skills




                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                 163
Page 166
                             Ikhtisar Kinerja                Laporan Manajemen         Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report         Company Profile          Overview on Business Supports




Demografi Karyawan dan Pengembangan Kompetensi
Employee Demography and Competency Development


                                                                                                                                                             % Per Level
              Jenjang
                            Jenis Pelatihan                                                                                                                   Jabatan
  No         Jabatan /                                    Program Pelatihan / Training Program              Tujuan Pelatihan / Training Objective
                            / Training Type                                                                                                                    / % Per
              Position
                                                                                                                                                              Position
  47         Non Staff       Online Training      Online Course - Strategic Business Analysis              Peningkatan wawasan tentang Strategi                     3,33
                                                                                                           bisnis / Increase insight into business
                                                                                                           strategy
  48         Non Staff       Online Training      Health Talk : “Waspada Infeksi Saluran Pernapasan Penambahan wawasan tentang ISPA /                               4,07
                                                  Akut (ISPA)” / Health Talk: “Beware of Acute Increase insight into ISPA
                                                  Respiratory Infections (ARI)”
  49         Non Staff       Online Training      Learn & Share “ Penulisan & Penyusunan Makalah” / Penambahan wawasan tata cara menulis                            3,33
                                                  Learn & Share “Writing & Preparing Papers”        makalah / Increase insight into how to
                                                                                                    write a paper
  50         Non Staff       Online Training      Online Course “ Marketing Management”                    Penambahan     wawasan                Marekting          2,96
                                                                                                           managemnt / Increase                  Marketing
                                                                                                           management insight
      51     Non Staff       Online Training      Learn and Share “Green Leadership dan Inovasi Sosial Penambahan wawasan tentang proper                            2,96
                                                  dalam Penilaian Proper Emas” / Learn and Share emas / Increase insight into gold proper
                                                  “Green Leadership and Social Innovation in the Gold
                                                  Proper Assessment”
  52         Non Staff       Online Training      Unlocking Sustainable Success : Navigating Business Peningkatan soft skill / Improve soft                         0,37
                                                  Beyond Environmental Concerns”                      skills
  53         Non Staff       Online Training      Online Course “ Sistem Otomasi Industri “                Pemenuhan       Kebutuhan    Pelatihan                   0,37
                                                                                                           Terhadap Pekerjaan dan Jabatan /
                                                                                                           Fulfillment of Training Needs for Jobs
                                                                                                           and Positions
  54         Non Staff       Online Training      Learning with The Expert #2 dengan topik “Managing Peningkatan pengetahuan    cara                                7,04
                                                  Corporate Communication” / Learning with The berkomuikasi / Increased knowledge of
                                                  Expert #2 with the topic “Managing Corporate how to communicate
                                                  Communication”
  55         Non Staff       Online Training      Healthy Talk dengan topik “SADARI (perikSA payuDAra Peningkatan wawasan                  Kesehatan     /          3,70
                                                  sendiRI) : Deteksi Dini Kanker Payudara” / Healthy Talk Improve Health insight
                                                  with the topic “SADARI (examine your breasts): Early
                                                  Detection of Breast Cancer”
  56         Non Staff          In House          In House Training GPS Geodetik S850+                     Pemenuhan       Kebutuhan    Pelatihan                   0,74
                                Training                                                                   Terhadap Pekerjaan dan Jabatan /
                                                                                                           Fulfillment of Training Needs for Jobs
                                                                                                           and Positions
  57         Non Staff          In House          Seminar Nasional Call for Paper AvoER 15 (2023)          Pemenuhan       Kebutuhan    Pelatihan                   0,37
                                Training          Fakultas    Teknik     Universitas  Sriwijaya   dan      Terhadap Pekerjaan dan Jabatan /
                                                  Penyampaian Jurnal SMBR / National Seminar Call          Fulfillment of Training Needs for Jobs
                                                  for Paper AvoER 15 (2023) Faculty of Engineering,        and Positions
                                                  Sriwijaya University and SMBR Journal Submission
  58         Non Staff          In House          In House Training Pengujian Beton / In House Training Sharing Knowledge                                           1,48
                                Training          Concrete Testing
  59         Non Staff          In House          In House Training SNI ISO / IEC 17025:2017               Pemenuhan       Kebutuhan    Pelatihan                   1,85
                                Training                                                                   Terhadap Pekerjaan dan Jabatan /
                                                                                                           Fulfillment of Training Needs for Jobs
                                                                                                           and Positions
  60         Non Staff       Online Training      “Learn and Share Financial Planning #1”                  Pemenuhan       Kebutuhan    Pelatihan                   2,96
                                                                                                           Terhadap Pekerjaan dan Jabatan /
                                                                                                           Fulfillment of Training Needs for Jobs
                                                                                                           and Positions
      61     Non Staff       Online Training      Technomarketing Forum dengan topik “Workforce : Peningkatan soft skill / Improve soft                             1,85
                                                  Upskilling and Reskilling” / Technomarketing Forum skills
                                                  with the topic “Workforce: Upskilling and Reskilling”
  62         Non Staff       Online Training      Learning with The Expert (LTE) #3 dengan topik Peningkatan soft skill / Improve soft                              1,48
                                                  “Happy Changes in Turbulence” / Learning with The skills
                                                  Expert (LTE) #3 with the topic “Happy Changes in
                                                  Turbulence”
  63         Non Staff       Public Training      Sertifikasi Juru Ledak Kelas II / Class II Explosive Sertifikasi Profesi             /    Professional            0,37
                                                  Certification                                        Certification
  64         Non Staff       Public Training      Pelatihan & Sertifikasi Petugas Pemadam Kebakaran Sertifikasi Profesi                /    Professional            0,37
                                                  Kelas D / Class D Firefighter Training & Certification Certification
  65         Non Staff       Public Training      Pelatihan & Sertifikasi Juru Las Listrik & Gas (Juru Las Sertifikasi Profesi         /    Professional            0,37
                                                  SMAW/Listrik Kelas 1) / Electric & Gas Welder Training Certification
                                                  & Certification (Class 1 SMAW/Electric Welder)




164        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 167
                         Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                         Management Discussion and Analysis            Good Corporate Governance                Corporate Social and Environmental Responsibility




                                         Demografi Karyawan dan Pengembangan Kompetensi
                                        Employee Demography and Competency Development


                                                                                                                                                                        % Per Level
              Jenjang
                              Jenis Pelatihan                                                                                                                            Jabatan
      No     Jabatan /                                        Program Pelatihan / Training Program                  Tujuan Pelatihan / Training Objective
                              / Training Type                                                                                                                             / % Per
              Position
                                                                                                                                                                         Position
      66     Non Staff         Public Training      Pelatihan & Sertifikasi P3K Kemnaker RI / Indonesian Sertifikasi Profesi                      /     Professional           0,37
                                                    Ministry of Manpower First Aid Training & Certification Certification
      67     Non Staff         Public Training      Pengembangan Sumber Daya Manusia (SDM) melalui Pengembangan keahlian dalam mengajar                                        0,74
                                                    TOT Junior / Human Resources (HR) Development / Development of expertise in teaching
                                                    through TOT Junior
      68     Non Staff         Online Training      Learn and Share “Financial Planning #2” dan Peningkatan soft skill / Improve soft                                           1,11
                                                    “Pengumuman Pemenang SIG Ambassador Tahun skills
                                                    2022 / Learn and Share “Financial Planning #2” and
                                                    “Announcement of 2022 SIG Ambassador Winners
      69     Non Staff             In House         In House Training Limbah B3 / In House Training on Pemenuhan       Kebutuhan    Pelatihan                                  2,96
                                   Training         Hazardous Waste                                    Terhadap Pekerjaan dan Jabatan /
                                                                                                       Fulfillment of Training Needs for Jobs
                                                                                                       and Positions
      70     Non Staff             In House         Instruktur In House Training Limbah B3 / In House Pemenuhan       Kebutuhan    Pelatihan                                   0,37
                                   Training         Hazardous Waste Training Instructor               Terhadap Pekerjaan dan Jabatan /
                                                                                                      Fulfillment of Training Needs for Jobs
                                                                                                      and Positions
      71     Non Staff         Online Training      Refreshment Sertifikasi AK3 Umum / General AK3 Sertifikasi Profesi                            /     Professional           0,74
                                                    Certification Refreshment                      Certification
      72     Non Staff             In House         IHT Aplikasi & Perkembangan Teknologi Bahan Pemenuhan        Kebutuhan    Pelatihan                                        3,33
                                   Training         Peledak / IHT Applications & Developments in Terhadap Pekerjaan dan Jabatan /
                                                    Explosives Technology                        Fulfillment of Training Needs for Jobs
                                                                                                 and Positions
      73     Non Staff         Online Training      “Talk Show SRIKANDI SIG : Achieving Gender Equality Peningkatan soft skill / Improve soft                                  3,33
                                                    through Green Innovation and Its Business Impact”   skills




BIAYA PENGEMBANGAN KOMPETENSI                                                              EMPLOYEE COMPETENCY DEVELOPMENT COSTS
KARYAWAN
SMBR memiliki komitmen yang besar dalam meningkatkan                                       The Company is strongly committed to continuously
kapasitas, dan kualitas sumber daya manusia yang dimiliki.                                 improving the capacity and quality of its human resources,
Komitmen tersebut diwujudkan dengan penyediaan anggaran                                    which is reflected in its ongoing investment in employee
investasi pada program pengembangan kompetensi karyawan                                    competency development programs.
secara berkelanjutan.


Di tahun 2023, realisasi biaya pengembangan kompetensi                                     In 2023, the Company allocated an investment budget of
karyawan tercatat sejumlah Rp1,13 miliar, nilai tersebut                                   Rp1.13 billion, decreased by 1.91%, compared to 2022’s budget
mengalami penurunan sebesar 1,91%, jika dibandingkan                                       of Rp1,15 billion.
dengan biaya pengembangan di tahun 2022 sejumlah Rp1,15
miliar.


Tabel Biaya Pengembangan Kompetensi Karyawan Tahun                                         Table of Costs of Employee Competency Development in
2022-2023                                                                                  2022-2023
(Dalam Rp-Juta)                                                                            (In Rp-Million)
                                         Realisasi 2023 (Rp Juta)              Realisasi 2022 (Rp Juta)                                Increase (Decrease)
      Uraian / Description                / Realization 2023 (Rp                / Realization 2022 (Rp              Nominal (Rp Juta) /                         Persentase /
                                                  Million)                              Million)                    Nominal (Rp Million)                         Percentage
Biaya Pengembangan
Kompetensi / Costs of                                  1.126                                  1.148                             21,97                               (1,91)
Competency Development




                                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                             165
Page 168
                            Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                            Performance Highlights         Management Report      Company Profile       Overview on Business Supports




Demografi Karyawan dan Pengembangan Kompetensi
Employee Demography and Competency Development



Biaya Pengembangan Kompetensi Karyawan 2022 - 2023                             Employee Competency Development Costs 2022 – 2023




                                                                      1.148       1.126




                                                                     2022         2023


                                     Realisasi 2022 (Rp Juta) /                   Realisasi 2023 (Rp Juta) /
                                     Realization 2022 (Rp Million)                Realization 2023 (Rp Million)


RENCANA PENGEMBANGAN KOMPETENSI                                                FUTURE PLAN FOR EMPLOYEE COMPETENCY
KARYAWAN KE DEPAN                                                              DEVELOPMENT
Perusahaan    telah     menyusun           rencana       pengembangan          The Company has prepared a plan for employee competency
kompetensi    karyawan        untuk         tahun     2024.       Rencana      development for 2024. It will be carried out by aligning with
pengembangan dilakukan dengan menyelaraskan pada                               AKHLAK culture so that it could create excellent and quality
budaya AKHLAK, hal tersebut dilakukan untuk menciptakan                        human resources, which will target employees from the staff,
SDM   yang    unggul,      dan       berkualitas.        Pengembangan          Manager to Vice President levels
kompetensi akan dilakukan mulai dari level Jabatan staff,
Manager hingga Vice President


Berdasarkan     Rencana        Jangka            Panjang     Perusahaan        Based on 2020-2024 Company Long Term Plan (RJPP),
(RJPP) 2020-2024, Perusahaan telah menyusun program                            the Company has prepared the employee competency
pengembangan          kompetensi               karyawan.          Rencana      development program. The plan of competency development
pengembangan kompetensi yang akan dilakukan di tahun                           that will be carried out in 2024 is as follows:
2024 adalah sebagai berikut:
1. Training & development dalam pemenuhan kompetensi                           1. Training & development in fulfilling competencies
   a. Penyusunan & pelaksanaan Learning Need Diagnostic                           a. The preparation & implementation of the Learning
       (LND) selaras dengan program dari Corporate                                        Need Diagnostic (LND) is in line with the Corporate
       Learning Development SIG yang merupakan kegiatan                                   Learning Development SIG program, which is an
       mendiagnosis kebutuhan pembelajaran di Perusahaan                                  activity to diagnose learning needs in the Company as
       sebagai landasan membangun sistem pembelajaran                                     a basis for building a learning system that produces
       yang menghasilkan Personal Learning Plan (PLP) atau                                a Personal Learning Plan (PLP) or individual learning
       rencana pembelajaran individu.                                                     plan.
   b. Pelaksanaan sertifikasi mandatory untuk memenuhi                            b. Implementation of mandatory certification to fulfill
       peraturan & role profile yang berlaku serta arahan dari                            applicable regulations & role profiles as well as
       SIG.                                                                               directions from SIG.




166       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 169
                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance             Corporate Social and Environmental Responsibility




                                     Demografi Karyawan dan Pengembangan Kompetensi
                                    Employee Demography and Competency Development



2. Mengoptimalkan Knowledge Management dan Melakukan                          2. Optimizing      Knowledge               Management                 and   Sharing
   sharing knowledge terhadap perkembangan informasi                                knowledge regarding information developments and
   dan tantangan nasional dan global – Melakukan kegiatan                           national and global challenges - Carrying out learn & share
   learn & share selaras dengan program dari Corporate                              activities in line with the Corporate Learning Development
   Learning Development SIG, mengoptimalkan penggunaan                              SIG program, optimizing the use of the SMBR Knowledge
   aplikasi Knowledge Management SMBR, memanfaatkan                                 Management application, utilizing online learning via
   pembelajaran secara daring melalui Linked In yang telah                          LinkedIn which has been facilitated by GIS.
   difaslitasi oleh SIG.


Perusahaan telah menganggarkan biaya untuk pengembangan                       The Company has budgeted costs for employee competency
kompetensi karyawan sejumlah Rp1,5 miliar nilai tersebut                      development amounting to Rp1.5 billion, decreased by 54.82%
mengalami penurunan sebesar 54,82% jika dibandingkan                          compared to the 2023 budget of Rp3.32 billion.
anggaran tahun 2023 sejumlah Rp3,32 miliar.


Informasi terkait pengelolaan dan pengembangan Sumber                         Comprehensive information on the management and
Daya Manusia (SDM) yang dilakukan Perusahaan, telah                           development of human resources (HR) by the Company has
disajikan secara komprehensif pada pembahasan Sumber                          been presented in the Human Resources discussion of the
Daya Manusia di bab Tinjauan Unit Pendukung Bisnis dalam                      Overview on Business Supports chapter in this Annual Report.
Laporan Tahunan ini.




                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                            167
Page 170
                               Ikhtisar Kinerja               Laporan Manajemen         Profil Perusahaan              Tinjauan Unit Pendukung Bisnis
                               Performance Highlights         Management Report         Company Profile                Overview on Business Supports




Pendidikan dan/atau Pelatihan Dewan
Komisaris, Direksi, Komite-Komite, Sekretaris
Dewan Komisaris, Sekretaris Perusahaan, Unit
Audit Internal, dan Unit Manajemen Risiko
Education and/or Training for the Board of Commissioners,
the Board of Directors, Committees, Secretary of the Board of
Commissioners, Corporate Secretary, Internal Audit Unit, and
Risk Management Unit

Informasi pendidikan dan/atau pelatihan Dewan Komisaris,                           Information about the education and/or training programs for
Direksi,   Komite-Komite,           Sekretaris          Dewan     Komisaris,       the Board of Commissioners, Board of Directors, Committees,
Sekretaris Perusahaan, Unit Audit Internal, dan Unit                               Secretary to the Board of Commissioners, Corporate
Manajemen Risiko di sepanjang tahun 2023 adalah sebagai                            Secretary, Internal Audit Unit, and Risk Management Unit
berikut:                                                                           throughout 2023 are as follows:


Tabel Program Pendidikan dan/atau Pelatihan Tahun 2023                             Table of Education and/or Training Programs in 2023
                             Jenis
                        Pendidikan Dan
Nama Dan Jabatan /                       Materi Pendidikan Dan Pelatihan / Education And                                                                   Penyelenggara /
                        Pelatihan / Type                                                 Tempat/ Tanggal / Place/Date
Name And Position                        Training Material                                                                                                    Organizer
                         Of Education
                         And Training
                                                                 DIREKSI / BOARD OF DIRECTORS
Suherman Yahya          General Training Chief Business Development Officer Innovation School               Bali, 10-11 Februari 2023 / Bali,             BUMN Leadership &
(Direktur Utama /                                                                                                 February 10-11, 2023                   Management Institute
President Director)
                        General Training Seminar Nasional-13 Forum Energizing Indonesia                         Jakarta, 9 Maret 2023 /                 Ikatan Alumni Fakultas
                                         ILUNI DTGPK FTUI yang bertemakan “LCA: Perubahan                       Jakarta, March 9, 2023                    Teknik Universitas
                                         Paradigma untuk Keberlangsungan” / National                                                                           Indonesia
                                         Seminar-13 Forum Energizing Indonesia ILUNI DTGPK
                                         FTUI with the theme “LCA: Paradigm Change for
                                         Sustainability”
                        Online Training      Workshop Pembuatan Perjanjian Kerja (PKWT/PKWTT)                  Virtual, 19-20 Mei 2023 /                PT Akasian Multi Talenta
                                             / Work Preparation Workshop (PKWT/PKWTT)                          Virtual, May 19-20, 2023
                        Online Training      “Compliance Management Made Simple” Panduan                    GRC Virtual Center, 13-14 Juni                  GRC Indonesia
                                             Praktis Menerapkan Manajemen Kepatuhan yang                     2023 / GRC Virtual Center,
                                             Sederhana, Efektif dan Sesuai Standar ISO 37301:2021                 June 13-14, 2023
                                             / “Compliance Management Made Simple” Practical
                                             Guide to Implementing Compliance Management that
                                             is Simple, Effective, and Compliant with ISO 37301:2021
                                             Standards
                        Online Training      Workshop Internal Auditor Based on ISO 19011:2018                Virtual, 1 Juli 2023 / Virtual                   Dilatih.co
                                                                                                                       July 1, 2023
                        Online Training      Workshop Strategic Thinking for Business with Hasnul             Virtual, 10 Agustus 2023 /                      Bisnishack
                                             Suhaimi                                                           Virtual, August 10, 2023
                        Online Training      Operation Management Excellence With Hadi Kuncoro                Virtual, 16 Agustus 2023 /                      Bisnishack
                                             Group CEO PowerCommerce.Asia                                      Virtual, August 16, 2023
                        General Training Ready for PROPER Conference 2023 dengan tema                          Gedung Research Center               Institut Teknologi Sepuluh
                                         “PROPER for Sustainable and Future Fit Business /                    Institut Teknologi Sepuluh             Nopember dan Olahkarsa
                                         Ready for PROPER Conference 2023 with the theme                     Nopember, 29 Agustus 2023
                                         “PROPER for Sustainable and Future Fit Business                     / Institut Teknologi Sepuluh
                                                                                                             Nopember Research Center
                                                                                                               Building, August 29, 2023
                        Online Training      Workshop Financial Modelling For Carbon Calculator              Virtual, 17 September 2023 /                  Lean Accounting
                                             And Sustainability Investment                                   Virtual, September 17, 2023                      Indonesia
Rahmat Hidayat          Online Training      ALP Mentoring Simulation - SLDP                                 Virtual, 13 Desember 2023 /                       IPMI - SIG
(Direktur (Fungsi                                                                                            Virtual, December 13, 2023
Keuangan dan SDM /
Director (Finance and
HR Department)
                        General Training CHRO Masterclass Vol.1                                              Jakarta, 01 Desember 2023 /                 Kementerian BUMN /
                                                                                                             Jakarta, December 01, 2023                    Ministry of SOEs




168         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 171
                          Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                          Management Discussion and Analysis           Good Corporate Governance            Corporate Social and Environmental Responsibility




    Pendidikan dan/atau Pelatihan Dewan Komisaris, Direksi, Komite-Komite,
  Sekretaris Dewan Komisaris, Sekretaris Perusahaan, Unit Audit Internal, dan
                                                     Unit Manajemen Risiko
     Education and/or Training for the Board of Commissioners, the Board
       of Directors, Committees, Secretary of the Board of Commissioners,
      Corporate Secretary, Internal Audit Unit, and Risk Management Unit


                              Jenis
                         Pendidikan Dan
Nama Dan Jabatan /                        Materi Pendidikan Dan Pelatihan / Education And                                                                  Penyelenggara /
                         Pelatihan / Type                                                 Tempat/ Tanggal / Place/Date
Name And Position                         Training Material                                                                                                   Organizer
                          Of Education
                          And Training
                         General Training CHRO School                                                      Bali, 17-18 November 2023 /                  Kementerian BUMN /
                                                                                                           Bali, November 17-18, 2023                     Ministry of SOEs
                         General Training Training SLDP                                                   Jakarta, 16 November 2023 /                           IPMI - SIG
                                                                                                          Jakarta, November 16, 2023
                         Online Training      Workshop Cost Management Anak Perusahaan SIG /               Virtual, 06 November 2023 /                          IPMI - SIG
                                              SIG Subsidiary Cost Management Workshop                      Virtual, November 06, 2023
                         Online Training      Learn & Share “Kepemimpinan pada Faktor Tolerance            Virtual, 03 November 2023 /                PT Semen Baturaja Tbk
                                              of Uncertainty Karyawan SMBR” / Learn & Share                Virtual, November 03, 2023
                                              “Leadership on the Tolerance of Uncertainty Factor for
                                              SMBR Employees”
                         Online Training      Coaching Clinic HR Operating Model                            Virtual, 30 Oktober 2023 /                  Kementerian BUMN /
                                                                                                            Virtual, October 30, 2023                     Ministry of SOEs
                         General Training Training SLDP                                                   Jakarta,13-14 September 2023                          IPMI - SIG
                                                                                                           / Jakarta, September 13-14,
                                                                                                                       2023
                         General Training CEO Talk and Bussiness Briefing AKHLAK                           Jakarta, 02 Agustus 2023 /                              SIG
                                                                                                            Jakarta, August 02, 2023
                         General Training Training Kelola GRC / GRC Management Training                     Palembang, 24 Juli 2023 /                 BPKP Provinsi Sumatera
                                                                                                            Palembang, July 24, 2023                   Selatan dan PT Semen
                                                                                                                                                            Baturaja Tbk
Muhammad Syafitri        General Training Seminar ASI Outlook Ekonomi 2024 / ASI Seminar                   Jakarta, 11 Desember 2023 /                    Asosiasi Semen
(Direktur (Fungsi                         Economic Outlook 2024                                            Jakarta, December 11, 2023                Indonesia / Association of
Operasi) / Director of                                                                                                                                  Indonesian Cement
Operation)
Daconi Khotob            General Training Webinar Nasional “Kawal Produktivitas untuk                     Virtual, 14 Juni 2023 / Virtual,                        BPKP
(Direktur Utama /                         Transformasi Ekonomi” / National Webinar “Overseeing                     June 14, 2023
President Director)*                      Productivity for Economic Transformation”
Tubagus Muhammad         General Training Pelatihan Basic Training Safety Program SIG / Basic              Pabrik Narogong SBI, Bogor                              SIG
Dharury Direktur                          Training Safety Program SIG                                     20 Maret 2023 / SBI Narogong
(Fungsi Keuangan                                                                                           Plant, Bogor March 20 ,2023
dan SDM / Director
(Finance and HR
Function)**
                         General Training Sosialiasi UU Perlindungan Data Pribadi (UU PDP) Virtual, 15 Maret 2023 / Virtual,                            Kementerian BUMN /
                                          – FORDIGI / Dissemination of the Personal Data            March 15, 2023                                        Ministry of SOEs
                                          Protection Law (UU PDP) - FORDIGI
                         General Training In House Training Bussiness Continuity Management                Palembang, 27-28 Februari                  PT Semen Baturaja Tbk
                                          System                                                           2023 / Palembang, February
                                                                                                                   27-28, 2023
*Beliau sudah tidak menjabat pada tanggal 08 November 2023, berdasarkan Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) / *No longer
serving since November 08, 2023, based on the Resolution of the Extraordinary General Meeting of Shareholders (EGMS)
**Beliau sudah tidak menjabat pada tanggal 08 Mei 2023, berdasarkan Keputusan Rapat Umum Pemegang Saham Tahunan (RUPST) Tahun Buku 2022 / No
longer serving since May 8, 2023, based on the Decision of the Annual General Meeting of Shareholders (AGMS) for the 2022 Fiscal Year
                                                               DEWAN KOMISARIS / BOARD OF COMMISSIONERS
Alex Iskandar
Munaf (Komisaris
Utama/Komisaris
Independen                                                 Tidak terdapat pendidikan dan pelatihan yang diikuti sepanjang tahun 2023 /
/ President                                                     There were no education and training programs attended in 2023
Commissioner/
Independent
Commissioner)




                                                                                                                 2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                             169
Page 172
                              Ikhtisar Kinerja               Laporan Manajemen              Profil Perusahaan            Tinjauan Unit Pendukung Bisnis
                              Performance Highlights         Management Report              Company Profile              Overview on Business Supports




Pendidikan dan/atau Pelatihan Dewan Komisaris, Direksi, Komite-Komite,
Sekretaris Dewan Komisaris, Sekretaris Perusahaan, Unit Audit Internal, dan
Unit Manajemen Risiko
Education and/or Training for the Board of Commissioners, the Board
of Directors, Committees, Secretary of the Board of Commissioners,
Corporate Secretary, Internal Audit Unit, and Risk Management Unit

                            Jenis
                       Pendidikan Dan
Nama Dan Jabatan /                      Materi Pendidikan Dan Pelatihan / Education And                                                                       Penyelenggara /
                       Pelatihan / Type                                                 Tempat/ Tanggal / Place/Date
Name And Position                       Training Material                                                                                                        Organizer
                        Of Education
                        And Training
Hadi Daryanto          General Training Qualified Risk Governance Professional (QRGP)                           Jakarta, 13-15 September 2023                 LSP MKS & BNSP
(Komisaris /            & Sertifikasi /                                                                          / Jakarta, September 13-15,
Commissioner)          General Training                                                                                      2023
                        & Certification
                        Online Training     GRC Masterclass:                                                       Virtual, 7 September-25                    BUMN School of
                                            • Risk Management Effectiveness Evaluation                             Oktober 2023 / Virtual,                      Excellence
                                            • Sosialisasi Pemeringkatan BUMN & Anak Perusahan                     September 7 - October 25,
                                              BUMN / Dissemination of SOEs & SOEs Subsidiary                                  2023
                                              Ratings
                                            • ESG for Boards-Governance of ESG
                                            • GRC Integrated Information for Supervisionary
                                              Board
                                            • CG Methodology and Environmental and Social
                                              Management System
Inosentius Samsul
(Komisaris
                                                       Tidak terdapat pendidikan dan pelatihan yang diikuti sepanjang tahun 2023 /
Independen /
                                                            There were no education and training programs attended in 2023
Independent
Commissioner)
Chowadja Sanova         Online Training     GRC Masterclass:                                                      Virtual, 14 September-25                    BUMN School of
(Komisaris                                  • Sosialisasi Pemeringkatan BUMN & Anak Perusahan                      Oktober 2023 / Virtual,                      Excellence
Independen /                                  BUMN / Dissemination of SOEs & SOEs Subsidiary                     September 14 - October 25,
Independent                                   Ratings                                                                        2023
Commissioner)                               • ESG for Boards-Governance of ESG
                                            • GRC Integrated Information for Supervisionary
                                              Board
                                            • CG Methodology and Environmental and Social
                                              Management System
Franciscus MA.
Sibarani (Komisaris                                    Tidak terdapat pendidikan dan pelatihan yang diikuti sepanjang tahun 2023 /
Utama / President                                           There were no education and training programs attended in 2023
Commissioner)*
*Beliau sudah tidak menjabat pada tanggal 08 November 2023, berdasarkan Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) / No longer
serving since November 08, 2023, based on the Resolution of the Extraordinary General Meeting of Shareholders (EGMS)
                                     SEKRETARIS DEWAN KOMISARIS / SECRETARY TO THE BOARD OF COMMISSIONERS
Hera Zera              General Training Workshop Results-Focused                 Project   Design     and Mandiri University, Jakarta, 20              Asian Development Bank
                                        Monitoring                                                        Juni 2023 / Mandiri University,             (ADB)-Indonesia Resident
                                                                                                             Jakarta, June 20, 2023                            Mission
                       General Training Managing for Development Results (MfDR)                                 PLN Training Center, Jakarta,          Asian Development Bank
                                                                                                                4 Oktober 2023 / PLN Training         (ADB)-Indonesia Resident
                                                                                                                 Center, Jakarta, October 4,                   Mission
                                                                                                                            2023
                       General Training Certified Chief Governance Officer                                      Jakarta, 27 Desember 2023 /                   BNSP-Lembaga
                        & Sertifikasi /                                                                         Jakarta, December 27, 2023                Sertifikasi Profesi – Mitra
                       General Training                                                                                                                      Kalyana Sejahtera
                        & Certification
                                                               KOMITE AUDIT / AUDIT COMMITTEE
Chowadja Sanova         Online Training     GRC Masterclass:                                                      Virtual, 14 September-25                    BUMN School of
                                            • Sosialisasi Pemeringkatan BUMN & Anak Perusahan                      Oktober 2023 / Virtual,                      Excellence
                                              BUMN / Dissemination of SOEs & SOEs Subsidiary                     September 14- October 25,
                                              Ratings                                                                        2023
                                            • ESG for Boards-Governance of ESG
                                            • GRC Integrated Information for Supervisionary
                                              Board
                                            • CG Methodology and Environmental and Social
                                              Management System
Alex Iskandar Munaf                                    Tidak terdapat pendidikan dan pelatihan yang diikuti sepanjang tahun 2023 /
                                                            There were no education and training programs attended in 2023




170         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 173
                       Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis           Good Corporate Governance            Corporate Social and Environmental Responsibility




    Pendidikan dan/atau Pelatihan Dewan Komisaris, Direksi, Komite-Komite,
  Sekretaris Dewan Komisaris, Sekretaris Perusahaan, Unit Audit Internal, dan
                                                     Unit Manajemen Risiko
     Education and/or Training for the Board of Commissioners, the Board
       of Directors, Committees, Secretary of the Board of Commissioners,
      Corporate Secretary, Internal Audit Unit, and Risk Management Unit

                           Jenis
                      Pendidikan Dan
Nama Dan Jabatan /                     Materi Pendidikan Dan Pelatihan / Education And                                                                  Penyelenggara /
                      Pelatihan / Type                                                 Tempat/ Tanggal / Place/Date
Name And Position                      Training Material                                                                                                   Organizer
                       Of Education
                       And Training
Ramza Aziz            Online Training      GRC Masterclass:                                              Virtual, 29 September-25                       BUMN School of
                                           • ESG for Boards-Governance of ESG                             Oktober 2023 / Virtual,                         Excellence
                                           • GRC Integrated Information for Supervisionary             September 29-25 October 25,
                                             Board                                                                  2023
                                           • CG Methodology and Environmental and Social
                                             Management System
Abu Bakar             Online Training      GRC Masterclass:                                             Virtual, 27 Juni-25 Oktober                     BUMN School of
                                           • Audit Teknologi Informasi / Information Technology           2023 / Virtual, 27 June                         Excellence
                                             Audit                                                         27-October 25, 2023
                                           • ESG for Auditor
                                           • Pre IPO & Post IPO IDX dan Pemeringkat & Penerbitan
                                             Efek Bersifat Utang dan Sukuk / Pre IPO & Post IPO
                                             IDX and Rating & Issuance of Debt Securities and
                                             Sukuk
                                           • Introduction To ESG & IFG Performance Standard
                                           • ESG for Boards-Governance of ESG
                                           • CG Methodology and Environmental and Social
                                             Management System
                      General Training Forum Penguatan Governansi Dan Integritas Pelaporan Yogyakarta, 26 September                                Otoritas Jasa Keuangan
                                       Keuangan Sektor Jasa Keuangan. / Forum for 2023 / Yogyakarta, September
                                       Strengthening Governance and Integrity of Financial         26, 2023
                                       Reporting in the Financial Services Sector.
                                  KOMITE NOMINASI DAN REMUNERASI / NOMINATION AND REMUNERATION COMMITTEE
Alex Iskandar Munaf                                     Tidak terdapat pendidikan dan pelatihan yang diikuti sepanjang tahun 2023 /
                                                             There were no education and training programs attended in 2023
Hadi Daryanto         General Training Qualified Risk Governance Professional (QRGP)                   Jakarta, 13-15 September 2023                   LSP MKS & BNSP
                       & Sertifikasi /                                                                  / Jakarta, September 13-15,
                      General Training                                                                              2023
                       & Certification
                      Online Training      GRC Masterclass:                                     Virtual, 7 September-25                                 BUMN School of
                                           • Risk Management Effectiveness Evaluation           Oktober 2023 / Virtual,                                   Excellence
                                           • Sosialisasi Pemeringkatan BUMN & Anak Perusahan September 7-October 25, 2023
                                             BUMN / Dissemination of SOEs & SOEs Subsidiary
                                             Ratings
                                           • ESG for Boards-Governance of ESG
                                           • GRC Integrated Information for Supervisionary
                                             Board
                                           • CG Methodology and Environmental and Social
                                             Management System
Inosentius Samsul                                       Tidak terdapat pendidikan dan pelatihan yang diikuti sepanjang tahun 2023 /
                                                             There were no education and training programs attended in 2023
Chowadja Sanova       Online Training      GRC Masterclass:                                               Virtual, 14 September-25                      BUMN School of
                                           • Sosialisasi Pemeringkatan BUMN & Anak Perusahan               Oktober 2023 / Virtual,                        Excellence
                                             BUMN / Dissemination of SOEs & SOEs Subsidiary              September 14-October 25,
                                             Ratings                                                                 2023
                                           • ESG for Boards-Governance of ESG
                                           • GRC Integrated Information for Supervisionary
                                             Board
                                           • CG Methodology and Environmental and Social
                                             Management System
                                                 KOMITE MANAJEMEN RISIKO / RISK MANAGEMENT COMMITTEE
Hadi Daryanto         General Training Qualified Risk Governance Professional (QRGP)                   Jakarta, 13-15 September 2023                   LSP MKS & BNSP
                       & Sertifikasi /                                                                  / Jakarta, September 13-15,
                      General Training                                                                              2023
                       & Certification
                      Online Training      GRC Masterclass:                                     Virtual, 7 September-25                                 BUMN School of
                                           • Risk Management Effectiveness Evaluation           Oktober 2023 / Virtual,                                   Excellence
                                           • Sosialisasi Pemeringkatan BUMN & Anak Perusahan September 7-October 25, 2023
                                             BUMN / Dissemination of SOEs & SOEs Subsidiary
                                             Ratings
                                           • ESG for Boards-Governance of ESG
                                           • GRC Integrated Information for Supervisionary
                                             Board
                                           • CG Methodology and Environmental and Social
                                             Management System




                                                                                                              2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                      171
Page 174
                                Ikhtisar Kinerja                Laporan Manajemen               Profil Perusahaan             Tinjauan Unit Pendukung Bisnis
                                Performance Highlights          Management Report               Company Profile               Overview on Business Supports




Pendidikan dan/atau Pelatihan Dewan Komisaris, Direksi, Komite-Komite,
Sekretaris Dewan Komisaris, Sekretaris Perusahaan, Unit Audit Internal, dan
Unit Manajemen Risiko
Education and/or Training for the Board of Commissioners, the Board
of Directors, Committees, Secretary of the Board of Commissioners,
Corporate Secretary, Internal Audit Unit, and Risk Management Unit


                              Jenis
                         Pendidikan Dan
Nama Dan Jabatan /                        Materi Pendidikan Dan Pelatihan / Education And                                                                         Penyelenggara /
                         Pelatihan / Type                                                 Tempat/ Tanggal / Place/Date
Name And Position                         Training Material                                                                                                          Organizer
                          Of Education
                          And Training
                                                          Tidak terdapat pendidikan dan pelatihan yang diikuti sepanjang tahun 2023 /
Inosentius Samsul
                                                               There were no education and training programs attended in 2023
Fahmi Anhar              General Training Qualified Risk Governance Professional (QRGP)                             Jakarta, 13-15 September 2023                 LSP MKS & BNSP
Nurdiyanto                & Sertifikasi /                                                                            / Jakarta, September 13-15,
                         General Training                                                                                        2023
                          & Certification
                          Online Training     Webinar Bersih-bersih Korupsi BUMN / Webinar                           Online, 7 Juni 2023 / Online,                Satu Visi Utama
                                              Cleaning up Corruption in SOEs                                                 June 7, 2023
                          Online Training     GRC Masterclass:                                        Virtual, 13 Juli-25 Oktober                                 BUMN School of
                                              • ESG for Auditor                                     2023 / Virtual, July 13-October                                 Excellence
                                              • Pre IPO & Post IPO IDX dan Pemeringkat & Penerbitan             25, 2023
                                                Efek Bersifat Utang dan Sukuk / Pre IPO & Post IPO
                                                IDX and Rating & Issuance of Debt Securities and
                                                Sukuk
                                              • Risk Management Effectiveness Evaluation
                                              • ESG for Boards-Governance of ESG
                                              • GRC Integrated Information for Supervisionary
                                                Board
                                              • CG Methodology and Environmental and Social
                                                Management System
Fransisca Niken          General Training Qualified Risk Governance Professional (QRGP)                             Jakarta, 13-15 September 2023                 LSP MKS & BNSP
Handini                   & Sertifikasi /                                                                            / Jakarta, September 13-15,
                         General Training                                                                                        2023
                          & Certification
                          Online Training     Webinar Bersih-bersih Korupsi BUMN / Webinar                           Online, 7 Juni 2023 / Online,                Satu Visi Utama
                                              Cleaning up Corruption in SOEs                                                 June 7, 2023
                          Online Training     GRC Masterclass:                                        Virtual, 13 Juli-25 Oktober                                 BUMN School of
                                              • ESG for Auditor                                     2023 / Virtual, July 13-October                                 Excellence
                                              • Pre IPO & Post IPO IDX dan Pemeringkat & Penerbitan             25, 2023
                                                Efek Bersifat Utang dan Sukuk / Pre IPO & Post IPO
                                                IDX and Rating & Issuance of Debt Securities and
                                                Sukuk
                                              • Risk Management Effectiveness Evaluation
                                              • ESG for Boards-Governance of ESG
                                              • GRC Integrated Information for Supervisionary
                                                Board
                                              • CG Methodology and Environmental and Social
                                                Management System
                                                         SEKRETARIS PERUSAHAAN / CORPORATE SECRETARY
Basthony Santri          General Training Inhouse Training Awareness SNI                                             SMBR Kanpus Palembang, 14                 PT Semen Baturaja Tbk
(VP of Corporate                                                                                                    Maret 2023 / SMBR Palembang
Secretary)                                                                                                           Head Office, March 14, 2023
                         General Training Pelatihan Tata Kelola (Governance), Risiko (Risk) dan                     SMBR Kanpus Palembang, 24                           BPKP
                                          Kepatuhan (Compliance) oleh BPKP / Governance, Risk                       Juli 2023 / SMBR Palembang
                                          and Compliance training by BPKP                                            Head Office, July 24, 2023
                          Online Training     E-Learning      Bimtek     Peningkatan    Pemahaman                      E-Learning, 31 Juli – 02                      ACLC KPK
                                              Gratifikasi / E-Learning Technical Guidance to Improve                 Agustus 2023 / E-Learning,
                                              Understanding of Gratuity                                               July 31 – August 02, 2023
                         General Training Spokesperson Masterclass                  “Becoming      A     Bold        Hotel Shangrila Jakarta, 18                Kementerian BUMN
                                          Spokerperson in Society”                                                  Oktober 2023 / Shangrila Hotel
                                                                                                                      Jakarta, October 18, 2023
                                                            UNIT AUDIT INTERNAL / INTERNAL AUDIT UNIT
Hari Liandu (VP of       General Training Sertifikasi Khusus Bagi Kepala Satuan Pengawasan          Bogor, Jawa Barat, 13 - 17                                 Pusat Pengembangan
Internal Audit)           & Sertifikasi / Internal. / Special Certification for Heads of Internal Maret 2023 / Bogor, West Java,                               Akuntansi & Keuangan
                         General Training Control Units.                                                March 13 – 17, 2023                                          (PPA&K)
                          & Certification
                         General Training Seminar dan Pengukuhan Certified Professional           Solo, Jawa Tengah, 9                                          Lembaga Sertifikasi
                          & Sertifikasi / Audit Manager (CPAM). / Seminar and Inauguration of November 2023 / Solo, Central                                    Profesi Auditor Internal
                         General Training Certified Professional Audit Manager (CPAM).          Java, November 9, 2023                                                 (LSPAI)
                          & Certification




172           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 175
                       Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis         Good Corporate Governance            Corporate Social and Environmental Responsibility




    Pendidikan dan/atau Pelatihan Dewan Komisaris, Direksi, Komite-Komite,
  Sekretaris Dewan Komisaris, Sekretaris Perusahaan, Unit Audit Internal, dan
                                                     Unit Manajemen Risiko
     Education and/or Training for the Board of Commissioners, the Board
       of Directors, Committees, Secretary of the Board of Commissioners,
      Corporate Secretary, Internal Audit Unit, and Risk Management Unit


                          Jenis
                     Pendidikan Dan
Nama Dan Jabatan /                    Materi Pendidikan Dan Pelatihan / Education And                                                                 Penyelenggara /
                     Pelatihan / Type                                                 Tempat/ Tanggal / Place/Date
Name And Position                     Training Material                                                                                                  Organizer
                      Of Education
                      And Training
                     Online Training       Pelatihan Qualified Risk Management Officer (QRMO) /      Virtual, 30 - 31 Agustus 2023 /                  Center for Risk
                                           Qualified Risk Management Officer (QRMO) Training          Virtual, August 30 - 31, 2023                  Management and
                                                                                                                                                   Subtainability (CRMS)
                      Online Training Sertifikasi Qualified Risk Management Officer (QRMO) /          Virtual, 1 September 2023 /                  Lembaga Sertifikasi
                      & Sertifikasi / Qualified Risk Management Officer (QRMO) Certification          Virtual, September 1, 2023                   Profesi Mitra Kalyana
                     Online Training &                                                                                                             Sejahtera (LSP MKS)
                       Certification
                                                       UNIT MANAJEMEN RISIKO / RISK MANAGEMENT UNIT
Heru Rusdiansyah (VP General Training Program Pengembangan Talenta Berbasis AKHLAK /                    Kantor Pusat PT Semen                        PT Insan Performa
of Risk Management)                   AKHLAK-Based Talent Development Program                         Baturaja Tbk, 16-19 Januari                        Consultant
                                                                                                     2023 / PT Semen Baturaja Tbk
                                                                                                      Head Office, January 16-19,
                                                                                                                 2023
                     Online Training       Training Membangun Budaya Anti Suap SIG / Training to     Virtual, 05 April 2023 / Virtual,                         SIG
                                           Build a SIG Anti-Bribery Culture                                   April 05, 2023
                     Online Training       Training Calon Juri SIG Innovation Award / Training for    Virtual, 14 & 18 April 2024 /                            SIG
                                           SIG Innovation Award Jury Candidates                       Virtual, April 14 & 18, 2024
                     Online Training       Webinar Launching “Laporan Survei Manajemen               Virtual, 07 Juni 2023 / Virtual,               Indonesia Risk
                                           Risiko: Konteks Korporasi Indonesia Tahun 2023 /                   June 07, 2023                     Management Professional
                                           Webinar Launching “Risk Management Survey Report:                                                          Association
                                           Indonesian Corporate Context in 2023
                     Online Training       Diskusi Panel GRC Series 2023 / GRC Series 2023 Panel      Virtual, 6 Juli 2023 / Virtual,                      MRT Jakarta
                                           Discussion                                                          July 6, 2023
                     Online Training       Pelatihan Tata Kelola (Governance), Risiko (Risk)          PT Semen Baturaja Tbk, 24                 PT Semen Baturaja Tbk &
                                           dan Kepatuhan (Compliance) / Governance, Risk and         Juli 2023 / PT Semen Baturaja                BPKP Prov. Sum-Sel
                                           Compliance Training                                             Tbk, July 24, 2023
                     General Training Pelatihan & Sertifikasi Qualified Risk Governance Jakarta, 13-15 September 2023                               CRMS & LSP - MKS
                      & Sertifikasi / Professional (QRGP) / Qualified Risk Governance    / Jakarta, September 13-15,
                     General Training Professional (QRGP) Training & Certification                   2023
                      & Certification




                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                         173
Page 176
                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Informasi Komposisi Pemegang Saham
Company Shareholding Composition

PENGALIHAN SAHAM NEGARA REPUBLIK                                             TRANSFER OF REPUBLIC OF INDONESIA SHARES
INDONESIA PADA PERUSAHAAN KE SEMEN                                           IN THE COMPANY TO CEMENT INDONESIA
INDONESIA
Pemerintah Indonesia resmi melakukan inbreng saham                           As part of the Cement SOE Sub Cluster Integration Program,
dengan mengalihkan saham Negara Republik Indonesia                           the government of Indonesia has officially transferred
sejumlah 7.499.999.999 lembar saham Seri B dengan nilai                      7,499,999,999 Series B shares of the Republic of Indonesia
seluruhnya sebesar Rp2.848.672.369.646,- atau mewakili                       to PT Semen Indonesia (Persero) Tbk or Semen Indonesia
75,51% dari seluruh modal ditempatkan dan disetor penuh                      (SIG) through the Pre-emptive Rights (HMETD) process.
dalam Perusahaan ke dalam saham PT Semen Indonesia                           This transfer represents 75.51% of the entire issued and
(Persero) Tbk atau Semen Indonesia (SIG), sebagai kelanjutan                 fully paid-up capital of the Company, with a total value of
Program Integrasi BUMN Sub Klaster Semen melalui proses                      Rp2,848,672,369,646.
Hak Memesan Efek Terlebih Dahulu (HMETD).


Proses   pengalihan       saham        ini,      dilaksanakan     melalui    The process of transferring these shares was carried out
penandatanganan Akta Perjanjian Pengalihan Saham No.                         through the signing of Deed of Share Transfer Agreement
15, yang dibuat di hadapan Aulia Taufani, S.H., Notaris, di                  No. 15, which took place before Aulia Taufani, S.H., Notary,
Jakarta, yang dilakukan oleh Wakil Menteri BUMN II, Kartika                  in Jakarta. The transaction was carried out by Kartika
Wirjoatmodjo, selaku wakil dari Pemerintah, dan Direktur                     Wirjoatmodjo, Deputy Minister of SOE II, as a representative of
Utama SIG, Donny Arsal, di Kantor Kementerian BUMN,                          the Government, and Donny Arsal, President Director of SIG,
Jakarta, pada 19 Desember 2022. Transaksi inbreng saham                      at the Office of the Ministry of SOE, Jakarta, on 19 December
ini tidak mengubah porsi kepemilikan Pemerintah atas saham                   2022. This share inbreng transaction does not affect the
pengendali di SIG, dan Pemerintah juga tetap memiliki 1 saham                Government’s ownership of the controlling shares in SIG, and
Seri A Dwiwarna di SMBR. Berdasarkan penandatanganan                         the Government also still owns 1 Series A Dwiwarna share in
Akta tersebut, sekaligus merubah komposisi kepemilikan                       SMBR. The signing of the Deed changed the composition of
saham Perusahaan, serta status Perusahaan dari PT Semen                      the Company’s shareholding and the status of the Company
Baturaja (Persero) Tbk menjadi PT Semen Baturaja Tbk.                        from PT Semen Baturaja (Persero) Tbk to PT Semen Baturaja
                                                                             Tbk.


Penandatanganan Akta Perjanjian Pengalihan Saham ini,                        The signing of this Share Transfer Agreement Deed is an
merupakan pelaksanaan atas Peraturan Pemerintah Republik                     implementation of Government Regulation of the Republic
lndonesia No. 33 yang diterbitkan pada tanggal 21 September                  of Indonesia No. 33, which was issued on September 21,
2022, tentang Penambahan Penyertaan Modal Negara                             2022. This regulation concerns the addition of the Republic
Republik Indonesia ke Dalam Modal Saham Perusahaan                           of Indonesia’s state equity participation into the share
Perseroan (Persero) PT Semen lndonesia Tbk, yang telah                       capital of PT Semen Indonesia Tbk and was published in
dituangkan dalam Lembaran Negara Republik lndonesia                          the State Gazette of the Republic of Indonesia No. 187 of
No. 187 Tahun 2022, juga Keputusan Menteri Keuangan                          2022. Additionally, the Decree of the Minister of Finance
Republik Indonesia No. 413/KMK.06/2022 tanggal 18 Oktober                    of the Republic of Indonesia No. 413/KMK.06/2022, dated
2022, tentang Penetapan Nilai Penambahan Penyertaan                          October 18, 2022, determined the addition value of the capital
Modal Negara Republik lndonesia ke Dalam Modal Saham                         participation of the Republic of Indonesia into the share
Perusahaan Perseroan (Persero) PT Semen lndonesia Tbk.                       capital of PT Semen Indonesia Tbk.




174       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                       Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik           Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis       Good Corporate Governance                  Corporate Social and Environmental Responsibility




                                                                              Informasi Komposisi Pemegang Saham
                                                                                Company Shareholding Composition



KOMPOSISI KEPEMILIKAN SAHAM PERUSAHAAN                                              COMPANY SHAREHOLDING COMPOSITION
Tabel Kepemilikan Saham PT Semen Baturaja Tbk Tahun                                 Table of Shareholding of PT Semen Baturaja Tbk in 2023
2023
                                                                                                       Modal Ditempatkan Dan
                                                                                                                                               Persentase Kepemilikan
                                                             Jumlah Saham (Lembar) /                     Disetor Penuh (Rp) /
        Pemegang Saham / Shareholders                                                                                                            (%) / Shareholding
                                                             Number Of Shares (Shares)                  Issued And Fully-Paid
                                                                                                                                                   Percentage (%)
                                                                                                             Capital (Rp)
                          Nilai Nominal Saham = Rp100,-/lembar saham / Nominal of Shares Value = IDR100/share
                                                    Saham Seri A Dwiwarna / Series A Dwiwarna Share
Pemerintah Republik Indonesia / The Government of                                                  1                                 100                                   0,00
Republic of Indonesia
                                                             Saham Seri B / Series B Shares
PT Semen Indonesia (Persero) Tbk                                              7.499.999.999                      749.999.999.900                                           75,51
PT Asuransi Jiwa IFG                                                            784.084.300                       78.408.430.000                                           7,89
Kelompok Pemegang Saham Masyarakat < 5% /                                     1.648.450.036                      164.845.003.600                                          16,60
Public Shareholders Group < 5%
                 Jumlah / Total                                              9.932.534.336                      993.253.433.600                                          100,00



KOMPOSISI 20 PEMEGANG SAHAM TERBESAR                                                COMPOSITION OF THE 20 LARGEST SHAREHOLDERS
Tabel Komposisi 20 Pemegang Saham Terbesar pada                                     Table of Composition of the 20 Largest Shareholders in
PT Semen Baturaja Tahun Tbk 2023                                                    PT Semen Baturaja Tbk 2023
                                                                                                                                                                 Persentase
                                                                                                                            Jumlah Saham
                                                                                                                                                                 Kepemilikan
  No            Pemegang Saham / Shareholders                                               Status                         (Lembar) / Total
                                                                                                                                                               (%) / Ownership
                                                                                                                           Shares (Shares)
                                                                                                                                                               Percentage (%)
                                                                           Perseroan Terbatas / Limited
  1    PT Semen Indonesia (Persero) Tbk                                                                                          7.499.999.999                      75,5094294
                                                                                Liability Company
  2    PT Asuransi Jiwa IFG                                                      Asuransi / Insurance                               784.084.300                        7,8941011
  3    PT Asabri (Persero) - Dapen Polri                                   Dana Pensiun / Pension Fund                              212.438.800                       2,1388177
  4    PT Asabri (Persero) - Dapen TNI                                     Dana Pensiun / Pension Fund                              210.630.900                       2,1206159
  5    Reksa Dana Pool Advista Kapital Optimal                               Reksadana / Mutual Funds                                 52.819.800                      0,5317857
  6    Reksa Dana Pinnacle Dana Prima                                        Reksadana / Mutual Funds                                40.256.300                      0,4052974
  7    Reksa Dana Syariah Prospera Syariah Saham                             Reksadana / Mutual Funds                                 40.026.100                     0,4029797
  8    PT Asabri ( Persero )                                               Dana Pensiun / Pension Fund                                39.282.900                     0,3954972
  9    Reksa Dana Pan Arcadia Dana Saham Bertumbuh                           Reksadana / Mutual Funds                                  38.112.000                    0,3837087
  10   Reksa Dana Syariah Pan Arcadia Dana Saham Syariah                     Reksadana / Mutual Funds                                  27.012.000                     0,2719548
  11   Reksa Dana Syariah Treasure Saham Berkah Syariah                      Reksadana / Mutual Funds                                 25.641.000                      0,2581516
  12   Reksa Dana Syariah MNC Dana Syariah Ekuitas II                        Reksadana / Mutual Funds                                 25.163.000                     0,2533392
  13   Reksa Dana Syariah Aurora Sharia Equity                               Reksadana / Mutual Funds                                23.508.000                      0,2366768
  14   Reksa Dana Treasure Saham Mantap                                      Reksadana / Mutual Funds                                20.243.500                      0,2038100
  15   Reksa Dana Syariah Pool Advista Kapital Syariah                       Reksadana / Mutual Funds                                  17.122.600                    0,1723890
  16   Reksa Dana Aurora SMC Equity                                          Reksadana / Mutual Funds                                 13.725.000                      0,1381823




                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                          175
Page 178
                             Ikhtisar Kinerja                Laporan Manajemen            Profil Perusahaan            Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report            Company Profile              Overview on Business Supports




Informasi Komposisi Pemegang Saham
Company Shareholding Composition



                                                                                                                                                               Persentase
                                                                                                                              Jumlah Saham
                                                                                                                                                               Kepemilikan
  No             Pemegang Saham / Shareholders                                              Status                           (Lembar) / Total
                                                                                                                                                             (%) / Ownership
                                                                                                                             Shares (Shares)
                                                                                                                                                             Percentage (%)
        Citibank New York S/A Emerging Markets Core                              Badan Usaha Asing / Foreign
  17                                                                                                                                   12.933.000                   0,1302085
        Equity Portfolio Of Dfa Inv Dimension                                            Company
                                                                          Perorangan Indonesia / Indonesian
  18    Denny Pipie Kirana                                                                                                              11.062.900                   0,1113804
                                                                                      Individual
                                                                          Perorangan Indonesia / Indonesian
  19    Aspin Suryanna                                                                                                                 10.658.500                   0,1073090
                                                                                      Individual
        Reksa Dana Syariah Pool Advista Ekuitas Optima
  20                                                                              Reksadana / Mutual Funds                              10.491.500                  0,1056276
        Syariah



KOMPOSISI PEMEGANG SAHAM 5% DAN/ATAU LEBIH                                            SHAREHOLDER COMPOSITION OF 5% AND/OR MORE
Tabel Komposisi Pemegang Saham 5% dan/atau Lebih                                      Table of Shareholder Composition of 5% and/or More in
Tahun 2023                                                                            2023
                                            Jumlah Saham (Lembar) / Number Of                         Persentase Kepemilikan (%) /
                                                     Shares (Shares)                                  Shareholding Percentage (%)
 Pemegang Saham / Shareholders                                       31 Desember 2023                                       31 Desember 2023                     Status
                                            01 Januari 2023 /                                   01 Januari 2023 /
                                                                       / December 31,                                         / December 31,
                                             January 1, 2023                                     January 1, 2023
                                                                            2023                                                   2023
                                                                                                                                                            Negara Republik
Pemerintah Republik Indonesia
                                                                                                                                                              Indonesia /
/ Government of Republic of                                      1                         1                        0,00                         0,00
                                                                                                                                                              Republic of
Indonesia
                                                                                                                                                               Indonesia
                                                                                                                                                              Badan Usaha
                                                                                                                                                              Milik Negara /
PT Semen Indonesia (Persero) Tbk                  7.499.999.999            7.499.999.999                            75,51                       75,51
                                                                                                                                                              State-Owned
                                                                                                                                                               Enterprises
                                                                                                                                                               Asuransi /
PT Asuransi Jiwa IFG                                  784.084.300            784.084.300                            7,89                            7,89
                                                                                                                                                               Insurance




KOMPOSISI PEMEGANG SAHAM KURANG DARI 5%                                               COMPOSITION OF SHAREHOLDERS LESS THAN 5%
Tabel Komposisi Pemegang Saham Kurang dari 5% Tahun                                   Table of Composition of Shareholders Less than 5% in 2023
2023
                                                                                                                                                              Persentase
                                                                                   Jumlah Pemegang                    Jumlah Saham
                                                                                                                                                           Kepemilikan (%)
              Pemegang Saham / Shareholders                                        Saham / Number Of               (Lembar) / Number Of
                                                                                                                                                            / Shareholding
                                                                                     Shareholders                     Shares (Shares)
                                                                                                                                                           Percentage (%)
                                                           Pemodal Nasional / National Investor
Pemerintah Republik Indonesia / Government of Republic of                                                      1                                1                         0,00
Indonesia
Perorangan Indonesia / Indonesian Individual                                                         18.086                      751.727.762                                7,57
Koperasi / Cooperative                                                                                        4                       213.700                             0,00
Yayasan / Foundation                                                                                          2                        97.400                             0,00
Dana Pensiun / Pension Fund                                                                                   14               480.410.600                                  4,84
Asuransi / Insurance                                                                                           1                     200.000                              0,00




176       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 179
                       Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis        Good Corporate Governance                   Corporate Social and Environmental Responsibility




                                                                               Informasi Komposisi Pemegang Saham
                                                                                 Company Shareholding Composition



                                                                                                                                                             Persentase
                                                                                Jumlah Pemegang                    Jumlah Saham
                                                                                                                                                          Kepemilikan (%)
                 Pemegang Saham / Shareholders                                  Saham / Number Of               (Lembar) / Number Of
                                                                                                                                                           / Shareholding
                                                                                  Shareholders                     Shares (Shares)
                                                                                                                                                          Percentage (%)
Bank                                                                                                     -                                       -                     0,00
Perseroan Terbatas / Limited Liability Company                                                         37                          18.314.363                           0,18
Lembaga Pemerintah / Government Agencies                                                                 1                                     87                      0,00
Reksa Dana / Mutual Funds                                                                              20                       368.644.199                             3,71
Sub Total                                                                                           18.166                     1.619.608.112                           16,31
                                                            Pemodal Asing / Foreign Investors
Perorangan Asing / Foreign Individuals                                                                103                           3.258.575                          0,03
Badan Usaha Asing / Foreign Companies                                                                  24                         25.583.350                           0,26
Sub Total                                                                                             127                         28.841.925                           0,29
Jumlah / Total                                                                                      18.293                   1.648.450.037                             16,60



KOMPOSISI PEMEGANG SAHAM BERDASARKAN                                                 COMPOSITION OF SHAREHOLDERS BASED ON
KLASIFIKASI                                                                          CLASSIFICATION
Tabel Komposisi Pemegang Saham Berdasarkan Kelompok                                  Table of Composition of Shareholders by Group in 2023
Tahun 2023
                                                                                                                                                             Persentase
                                                                                Jumlah Pemegang                    Jumlah Saham
                                                                                                                                                          Kepemilikan (%)
                 Pemegang Saham / Shareholders                                  Saham / Number Of               (Lembar) / Number Of
                                                                                                                                                           / Shareholding
                                                                                  Shareholders                     Shares (Shares)
                                                                                                                                                          Percentage (%)
Pemerintah Republik Indonesia / Government of Republic of                                                1                                       1                     0,00
Indonesia
                                                                         Lokal / Local
Perorangan / Individual                                                                             18.086                       751.727.762                            7,57
Badan Usaha / Companies                                                                                 81                    9.151.964.648                            92,14
Sub Total                                                                                           18.168                    9.903.692.411                            99,71
                                                                       Asing / Foreign
Perorangan / Individual                                                                               103                           3.258.575                          0,03
Badan Usaha / Companies                                                                                24                         25.583.350                           0,26
Sub Total                                                                                             127                         28.841.925                           0,29
Jumlah / Total                                                                                      18.295                  9.932.534.336                            100,00




                                                                                                                  2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                       177
Page 180
                              Ikhtisar Kinerja              Laporan Manajemen         Profil Perusahaan            Tinjauan Unit Pendukung Bisnis
                              Performance Highlights        Management Report         Company Profile              Overview on Business Supports




Informasi Komposisi Pemegang Saham
Company Shareholding Composition



JUMLAH PEMEGANG SAHAM DAN PERSENTASE                                              NUMBER OF SHAREHOLDERS AND PERCENTAGE OF
KEPEMILIKAN SAHAM YANG BEREDAR (FREEFLOAT) PER 31                                 OUTSTANDING SHAREHOLDING (FREEFLOAT) AS OF
DESEMBER 2023                                                                     DECEMBER 31, 2023
                                                                                                                                                       Persentase
                                                                                Jumlah Pemegang                   Jumlah Saham
                                                                                                                                                    Kepemilikan (%)
                 Pemegang Saham / Shareholders                                  Saham / Number Of              (Lembar) / Number Of
                                                                                                                                                     / Shareholding
                                                                                  Shareholders                    Shares (Shares)
                                                                                                                                                    Percentage (%)
                                                           Pemodal Nasional / National Investor
Perorangan Indonesia / Indonesian Individual                                                     18.084                      751.711.564                          7,57
Koperasi / Cooperative                                                                                    4                       213.700                        0,00
Yayasan / Foundation                                                                                       2                       97.400                        0,00
Dana Pensiun / Pension Fund                                                                               13              480.360.600                            4,84
Asuransi / Insurance                                                                                       1                     200.000                         0,00
Bank                                                                                                      0                                0                     0,00
Perseroan Terbatas / Limited Liability Company                                                            37                  18.314.363                          0,18
Lembaga Pemerintah / Government Agencies                                                                   1                              87                     0,00
Reksa Dana / Mutual Funds                                                                                 20                368.644.199                           3,71
Sub Total                                                                                         18.162                   1.619.541.913                         16,31
                                                            Pemodal Asing / Foreign Investors
Perorangan / Individual                                                                               103                      3.258.575                         0,03
Badan Usaha / Companies                                                                                   24                 25.583.350                          0,26
Sub Total                                                                                             127                    28.841.925                          0,29
Jumlah / Total                                                                                   18.289                 1.648.383.838                            16,60


JUMLAH PEMEGANG SAHAM DAN PERSENTASE                                              NUMBER OF SHAREHOLDERS AND PERCENTAGE OF SHARE
KEPEMILIKAN SAHAM PER 31 DESEMBER 2023                                            OWNERSHIP AS OF DECEMBER 31, 2023
                                                                                                                                                       Persentase
                                                                                Jumlah Pemegang                   Jumlah Saham
                                                                                                                                                    Kepemilikan (%)
                 Pemegang Saham / Shareholders                                  Saham / Number Of              (Lembar) / Number Of
                                                                                                                                                     / Shareholding
                                                                                  Shareholders                    Shares (Shares)
                                                                                                                                                    Percentage (%)
                                                           Pemodal Nasional / National Investor
Negara Republik Indonesia (Saham Seri A Dwiwarna) / Republic                                               1                                1                    0,00
of Indonesia (Dwiwarna Series A Shares)
Badan Usaha Milik Negara / State-Owned Enterprises                                                         1             7.499.999.999                           75,51
Perorangan Indonesia / Indonesian Individual                                                     18.086                      751.727.762                          7,57
Koperasi / Cooperative                                                                                    4                       213.700                        0,00
Yayasan / Foundation                                                                                       2                       97.400                        0,00
Dana Pensiun / Pension Fund                                                                               14               480.410.600                           4,84
Asuransi / Insurance                                                                                       2               784.284.300                            7,90
Bank                                                                                                       -                                -                    0,00
Perseroan Terbatas / Limited Liability Company                                                            37                  18.314.363                          0,18
Lembaga Pemerintah / Government Agencies                                                                   1                              87                     0,00
Reksa Dana / Mutual Funds                                                                                 20                368.644.199                           3,71
Sub Total                                                                                         18.168                 9.903.692.411                           99,71




178         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                          Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                          Management Discussion and Analysis        Good Corporate Governance                   Corporate Social and Environmental Responsibility




                                                                                  Informasi Komposisi Pemegang Saham
                                                                                    Company Shareholding Composition



                                                                                                                                                                Persentase
                                                                                   Jumlah Pemegang                    Jumlah Saham
                                                                                                                                                             Kepemilikan (%)
                  Pemegang Saham / Shareholders                                    Saham / Number Of               (Lembar) / Number Of
                                                                                                                                                              / Shareholding
                                                                                     Shareholders                     Shares (Shares)
                                                                                                                                                             Percentage (%)
                                                               Pemodal Asing / Foreign Investors
Perorangan / Individual                                                                                  103                           3.258.575                          0,03
Badan Usaha / Companies                                                                                   24                         25.583.350                           0,26
Sub Total                                                                                                127                         28.841.925                           0,29
Jumlah / Total                                                                                         18.295                  9.932.534.336                            100,00


KOMPOSISI PEMEGANG SAHAM BERDASARKAN LOKASI                                             SHAREHOLDERS COMPOSITION BASED ON LOCATION AND
DAN JENIS INVESTOR PER 31 DESEMBER 2023                                                 TYPE OF INVESTOR AS OF DECEMBER 31, 2023
                                                                                                                                                                Persentase
                                                                                   Jumlah Pemegang                    Jumlah Saham
                                                                                                                                                             Kepemilikan (%)
                  Pemegang Saham / Shareholders                                    Saham / Number Of               (Lembar) / Number Of
                                                                                                                                                              / Shareholding
                                                                                     Shareholders                     Shares (Shares)
                                                                                                                                                             Percentage (%)
                                                               Lokasi Investor / Investor Location
Domestik / Domestic                                                                                    18.168                    9.903.692.411                            99,71
Asing / Foreign                                                                                           127                        28.841.925                           0,29
Jumlah / Total                                                                                         18.295                  9.932.534.336                            100,00
                                                                Jenis Investor / Type of Investor
Ritel / Retail                                                                                         18.189                      754.986.337                             7,60
Institusi / Institution                                                                                  106                     9.177.547.999                           92,40
Jumlah / Total                                                                                         18.295                  9.932.534.336                            100,00




                                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                          179
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                                Ikhtisar Kinerja                Laporan Manajemen            Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                                Performance Highlights          Management Report            Company Profile           Overview on Business Supports




Informasi Kepemilikan Saham Perusahaan
oleh Dewan Komisaris dan Direksi
Information on Company Shareholding by Board of
Commissioners and Board of Directors


Informasi kepemilikan saham Perusahaan oleh Dewan                                     The following is Information on Company’s shareholding by
Komisaris dan Direksi baik langsung maupun tidak langsung,                            the Board of Commissioners and Board of Directors, both
pada awal dan akhir tahun buku 2023 adalah sebagai berikut:                           directly and indirectly, at the beginning and end of the 2023
                                                                                      fiscal year:


Tabel Kepemilikan Saham Perusahaan oleh Dewan                                         Table of Direct Shareholding of Company by Board of
Komisaris dan Direksi Secara Langsung pada Awal dan                                   Commissioners and Board of Directors at the Beginning
Akhir Tahun Buku 2023                                                                 and End of the 2023 Fiscal Year
                                                                             01 Januari 2023 / January 01, 2023                31 Desember 2023 / December 31, 2023
                                                                                                       Persentase                                             Persentase
        Nama / Name                       Jabatan / Position               Jumlah Saham                                        Jumlah Saham
                                                                                                       Kepemilikan                                            Kepemilikan
                                                                          (Lembar) / Total                                    (Lembar) / Total
                                                                                                     (%) / Ownership                                        (%) / Ownership
                                                                          Shares (Shares)                                     Shares (Shares)
                                                                                                     Percentage (%)                                         Percentage (%)
                                                             Dewan Komisaris / Board Of Commissioners
                                  Komisaris Utama merangkap
                                                                        Belum menjabat sebagai Dewan Komisaris /
                                  Komisaris Independen /
Alex Iskandar Munaf*                                                    Has not served as a member of the Board of                                      0                     0
                                  President Commissioner cum
                                                                                    Commissioners yet
                                  Independent Commissioner
                                                                        Belum menjabat sebagai Dewan Komisaris /
Inosentius Samsul*                Komisaris / Commissioner              Has not served as a member of the Board of                                      0                     0
                                                                                    Commissioners yet
                                                                        Belum menjabat sebagai Dewan Komisaris /
Hadi Daryanto**                   Komisaris / Commissioner              Has not served as a member of the Board of                                      0                     0
                                                                                    Commissioners yet
                                  Komisaris Independen /
Chowadja Sanova                                                                               0                        0                                0                     0
                                  Independent Commissioner
                                                                                                                                  Tidak lagi menjabat sebagai Dewan
                                  Komisaris Utama / President
Franciscus MA. Sibarani***                                                                    0                        0           Komisaris / No longer serving as
                                  Commissioner
                                                                                                                                             Commissioner
                                                                      Direksi / Board Of Directors
                                  Direktur Utama / President
Suherman Yahya                                                                        16.098                     0,00016                       16.098                 0,00016
                                  Director
                                  Direktur (Fungsi Keuangan dan
                                                                         Belum menjabat sebagai Direksi / Has not
Rahmat Hidayat****                SDM) / Director (Finance and                                                                                          0                     0
                                                                                served as a Director yet
                                  HR Department)
                                  Direktur (Fungsi Operasi) /
Muhammad Syafitri                                                                             0                        0                                0                     0
                                  Director Operation
                                  Direktur Utama / President                                                                    Tidak lagi menjabat sebagai Direksi /
Daconi*****                                                                           12.500                     0,00013
                                  Director                                                                                     No longer serving as Board of Directors
                                  Direktur (Fungsi Keuangan dan
Tubagus Muhammad                                                                                                                Tidak lagi menjabat sebagai Direksi /
                                  SDM) / Director (Finance and                                0                        0
Dharury******                                                                                                                  No longer serving as Board of Directors
                                  HR Function)

*Mulai menjabat sebagai Dewan Komisaris PT Semen Baturaja Tbk pada 08                 *Serving as Board of Commissioners of PT Semen Baturaja Tbk on November
November 2023 berdasarkan Keputusan RUPSLB 08 November 2023                           08, 2023 based on the Resolution of the EGMS dated November 08, 2023
**Mulai menjabat sebagai Dewan Komisaris PT Semen Baturaja Tbk pada 24                **Serving as Board of Commissioners of PT Semen Baturaja Tbk on January
Januari 2023 berdasarkan Keputusan RUPSLB tanggal 24 Januari 2023                     24, 2023 based on the Extraordinary GMS Resolution dated January 24, 2023
***Berakhir masa jabatan sebagai Dewan Komisaris PT Semen Baturaja Tbk                ***End of term of office as Board of Commissioners of PT Semen Baturaja Tbk
pada 08 November 2023 berdasarkan Keputusan RUPSLB 08 November 2023                   on November 08, 2023 based on EGMS Decision dated November 08, 2023
****Mulai menjabat sebagai Direksi PT Semen Baturaja Tbk pada 8 Mei 2023              **** Serving as Director of PT Semen Baturaja Tbk on May 8 ,2023 based on the
berdasarkan Keputusan RUPST Tahun Buku 2022                                           Resolution of the 2022 Fiscal Year EGMS
*****Berakhir masa jabatan sebagai Direksi PT Semen Baturaja Tbk pada 08              *****End of term of office as Director of PT Semen Baturaja Tbk on November
November 2023 berdasarkan Keputusan RUPSLB 08 November 2023                           08, 2023 based on the Resolution of the EGMS November 08, 2023
******Berakhir masa jabatan sebagai Direksi PT Semen Baturaja Tbk pada 08             ******Ends of term of office as Director of PT Semen Baturaja Tbk on May 08,
Mei 2023 berdasarkan Keputusan RUPST Tahun Buku 2022                                  2023 based on the AGMS Decision for the 2022 Fiscal Year




180           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 183
                         Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik             Tanggung Jawab Sosial dan Lingkungan
                         Management Discussion and Analysis          Good Corporate Governance                    Corporate Social and Environmental Responsibility




                       Informasi Kepemilikan Saham Perusahaan oleh Dewan Komisaris
                                                                        dan Direksi
                                   Information on Company Shareholding by Board of
                                               Commissioners and Board of Directors




Tabel Kepemilikan Saham Perusahaan oleh Dewan                                            Table of Indirect Shareholding of Company by the Board
Komisaris dan Direksi Secara Tidak Langsung pada Awal                                    of Commissioners and Board of Directors at the Beginning
dan Akhir Tahun Buku 2023                                                                and End of the 2023 Fiscal Year
                                                                            01 Januari 2023 / January 01, 2023                       31 Desember 2023 / December 31, 2023
                                                                                                          Persentase                                                    Persentase
         Nama / Name                     Jabatan / Position               Jumlah Saham                                               Jumlah Saham
                                                                                                          Kepemilikan                                                   Kepemilikan
                                                                         (Lembar) / Total                                           (Lembar) / Total
                                                                                                        (%) / Ownership                                               (%) / Ownership
                                                                         Shares (Shares)                                            Shares (Shares)
                                                                                                        Percentage (%)                                                Percentage (%)
                                                              Dewan Komisaris / Board Of Commissioners
                                  Komisaris Utama merangkap
                                                                      Belum menjabat sebagai Dewan Komisaris /
                                  Komisaris Independen /
Alex Iskandar Munaf*                                                  Has not served as a member of the Board of                               0                            0
                                  President Commissioner cum
                                                                                  Commissioners yet
                                  Independent Commissioner
                                                                      Belum menjabat sebagai Dewan Komisaris /
Inosentius Samsul*                Komisaris / Commissioner            Has not served as a member of the Board of                               0                            0
                                                                                  Commissioners yet
                                                                      Belum menjabat sebagai Dewan Komisaris /
Hadi Daryanto**                   Komisaris / Commissioner            Has not served as a member of the Board of                               0                            0
                                                                                  Commissioners yet
                                  Komisaris Independen /
Chowadja Sanova                                                                    0                          0                                0                            0
                                  Independent Commissioner
                                                                                                                                        Tidak lagi menjabat sebagai Dewan
                                  Komisaris Utama / President
Franciscus MA. Sibarani***                                                         0                          0                          Komisaris / No longer serving as
                                  Commissioner
                                                                                                                                                   Commissioner
                                                                     Direksi / Board Of Directors
                                  Direktur Utama / President
Suherman Yahya                                                                     0                          0                                0                            0
                                  Director
                                  Direktur (Fungsi Keuangan dan
                                                                        Belum menjabat sebagai Direksi / Has not
Rahmat Hidayat****                SDM) / Director (Finance and                                                                                 0                            0
                                                                               served as a Director yet
                                  HR Department)
                                  Direktur (Fungsi Operasi) /
Muhammad Syafitri                                                                  0                          0                                0                            0
                                  Director Operation
                                  Direktur Utama / President                                                                           Tidak lagi menjabat sebagai Direksi /
Daconi*****                                                                        0                          0
                                  Director                                                                                                No longer serving as Director
                                  Direktur (Fungsi Keuangan dan
Tubagus Muhammad                                                                                                                       Tidak lagi menjabat sebagai Direksi /
                                  SDM) / Director (Finance and                     0                          0
Dharury******                                                                                                                             No longer serving as Director
                                  HR Function)

* Mulai menjabat sebagai Dewan Komisaris PT Semen Baturaja Tbk pada 08                   *Serving as Board of Commissioners of PT Semen Baturaja Tbk on November
November 2023 berdasarkan Keputusan RUPSLB 08 November 2023                              08, 2023 based on the Resolution of the EGMS dated November 08, 2023
** Mulai menjabat sebagai Dewan Komisaris PT Semen Baturaja Tbk pada 24                  **Serving as Board of Commissioners of PT Semen Baturaja Tbk on January
Januari 2023 berdasarkan Keputusan RUPSLB tanggal 24 Januari 2023                        24, 2023 based on the Extraordinary GMS Resolution dated January 24, 2023
***Berakhir masa jabatan sebagai Dewan Komisaris PT Semen Baturaja Tbk                   ***End of term of office as Board of Commissioners of PT Semen Baturaja Tbk
pada 08 November 2023 berdasarkan Keputusan RUPSLB 08 November 2023                      on November 08, 2023 based on EGMS Decision dated November 08, 2023
**** Mulai menjabat sebagai Direksi PT Semen Baturaja Tbk pada 8 Mei 2023                ****Serving as Director of PT Semen Baturaja Tbk on May 8 ,2023 based on the
berdasarkan Keputusan RUPST Tahun Buku 2022                                              Resolution of the 2022 Fiscal Year EGMS
***** Berakhir masa jabatan sebagai Direksi PT Semen Baturaja Tbk pada 08                *****End of term of office as Director of PT Semen Baturaja Tbk on November
November 2023 berdasarkan Keputusan RUPSLB 08 November 2023                              08, 2023 based on the Resolution of the EGMS November 08, 2023
****** Berakhir masa jabatan sebagai Direksi PT Semen Baturaja Tbk pada 08               ******Ends of term of office as Director of PT Semen Baturaja Tbk on May 08,
Mei 2023 berdasarkan Keputusan RUPST Tahun Buku 2022                                     2023 based on the AGMS Decision for the 2022 Fiscal Year




                                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Informasi Kepemilikan Saham Perusahaan oleh Dewan Komisaris
dan Direksi
Information on Company Shareholding by Board of
Commissioners and Board of Directors



INFORMASI PEMBELIAN/PENJUALAN SAHAM                                           INFORMATION ON PURCHASE/SELL OF SHARES
DEWAN KOMISARIS DAN DIREKSI                                                   OF THE BOARD OF COMMISSIONERS AND BOARD
                                                                              OF DIRECTORS
Berdasarkan Peraturan Otoritas Jasa Keuangan No. 11/                          According to Financial Services Authority Regulation No. 11/
POJK.04/2017 tentang Laporan Kepemilikan atau Setiap                          POJK.04/2017, which pertains to Reports of Shareholding
Perubahan     Kepemilikan         Saham          Perusahaan      Terbuka,     or Any Changes in Shareholding of Public Company Shares,
disebutkan bahwa setiap anggota Dewan Komisaris dan                           every member of the Board of Commissioners and Board
Direksi diwajibkan untuk menyampaikan informasi kepada                        of Directors is obligated to inform the Company of their
Perusahaan mengenai kepemilikan dan setiap perubahan                          ownership and any change in ownership of Company shares
kepemilikannya atas saham Perusahaan paling lambat 3                          within 3 (three) working days after the transaction occurs.
(tiga) hari kerja setelah terjadinya transaksi. Selanjutnya,                  Moreover, the Company is required to submit a report to the
Perusahaan menyampaikan laporan kepada Otoritas Jasa                          Financial Services Authority (OJK) regarding the transaction
Keuangan (OJK) atas transaksi tersebut paling lambat 10                       no later than 10 (ten) days after it occurred.
(sepuluh) hari sejak terjadinya transaksi.


Tercatat seluruh anggota Dewan Komisaris, baik yang masih                     As of December 31, 2023, it has been recorded that all
menjabat atau yang sudah tidak menjabat per 31 Desember                       members of the Board of Commissioners, regardless of
2023, tidak memiliki saham Perusahaan, baik langsung                          whether they are still serving or not, do not own any Company
maupun tidak langsung. Lebih lanjut, di tahun 2023 , tidak                    shares, whether directly or indirectly. Moreover, there have
terdapat transaksi pembelian dan/atau penjualan saham                         been no buying or selling transactions of the Company’s
Perusahaan yang dimiliki oleh Direksi, baik yang masih                        shares owned by the Board of Directors in 2023, including
menjabat atau yang sudah tidak menjabat per 31 Desember                       those who are still serving or have not served as of December
2023, dan baru diangkat di tahun 2023.                                        31, 2023, and were only appointed in 2023.




182        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                    Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis      Good Corporate Governance             Corporate Social and Environmental Responsibility




Informasi Tentang Pemegang Saham Utama/
Pengendali Hingga Entitas Pemilik Akhir
Information on Majority/Controllers Shareholder up to the
Ultimate Entities

Hingga 31 Desember 2023, sehubungan dengan telah                                As of December 31, 2023, in connection with the inbreng of
dilakukannya inbreng saham pada 19 Desember 2022, oleh                          shares on December 19, 2022, the Government of Indonesia
Pemerintah Indonesia dengan mengalihkan saham Negara                            transferred 7,499,999,999 Series B shares of the Republic
Republik Indonesia sejumlah 7.499.999.999 lembar saham                          of Indonesia, with a total value of Rp2,848,672,369,646 or
Seri B dengan nilai seluruhnya sebesar Rp2.848.672.369.646,-                    representing 75,51% of the total issued and fully paid-up
atau mewakili 75,51% dari seluruh modal ditempatkan dan                         capital in the Company, into shares of PT Semen Indonesia
disetor penuh dalam Perusahaan ke dalam saham PT Semen                          (Persero) Tbk or Semen Indonesia (SIG). This resulted in a
Indonesia (Persero) Tbk atau Semen Indonesia (SIG), maka                        change in the Company’s shareholding as a continuation of
terjadi perubahan kepemilikan saham Perusahaan, sebagai                         the Cement Sub Cluster SOE Integration Program through
kelanjutan Program Integrasi BUMN Sub Klaster Semen                             the Pre-emptive Rights process (HMETD). As a result of
melalui proses Hak Memesan Efek Terlebih Dahulu (HMETD).                        integrating the Company into the SOE Cement Sub Cluster,
Di mana dengan berintegrasinya Perusahaan ke dalam                              PT Semen Indonesia (Persero) Tbk or Semen Indonesia
BUMN Sub Klaster Semen, menjadikan PT Semen Indonesia                           (SIG) became the Majority Shareholder of the Company
(Persero) Tbk atau Semen Indonesia (SIG) sebagai Pemegang                       with a series B shareholding composition of 75,51% shares.
Saham Utama Perusahaan dengan komposisi kepemilikan                             The Government of the Republic of Indonesia remains the
saham seri B sebesar 75,51% saham. Sementara Pemerintah                         Controlling Shareholder of the Company and the Company’s
Republik Indonesia merupakan Pemegang Saham Pengendali                          Ultimate Owner with 1 share of series A Dwi Warna.
Perusahaan dan Entitas Pemilik Akhir Perusahaan dengan
komposisi kepemilikan saham seri A Dwi Warna sebanyak 1
lembar.


Komposisi Pemegang Saham PT Semen Baturaja Tbk per 31                           Shareholder Composition of PT Semen Baturaja Tbk as of
Desember 2023                                                                   December 31, 2023



                                                                                               0,00%
                                                 16,60%


                                       7,89%


                                                                   2023

                                                                                                       75,51%




   Pemerintah Republik                           PT Semen Indonesia (Persero)                  PT Asuransi                           Kelompok Pemegang
   Indonesia (Saham Seri A                       Tbk (Saham Seri B) / PT                       Jiwa IFG (Saham                       Saham Masyarakat < 5%
   Dwiwarna) / The Government                    Semen Indonesia (Persero)                     Seri B / Series B                     (Saham Seri B) / Public
   of Republic of Indonesia                      Tbk (Series B shares)                         shares)                               Shareholders Group <
   (Share of Series A Dwiwarna)                                                                                                      5% (Series B shares)




                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report      Company Profile     Overview on Business Supports




Informasi Tentang Pemegang Saham Utama/Pengendali
Hingga Entitas Pemilik Akhir
Information on Majority/Controllers Shareholder up to the
Ultimate Entities



Berdasarkan pada Peraturan Pemerintah No. 41 Tahun 2003                         Based on Government Regulation No. 41 of 2003 concerning
tentang Pelimpahan Kedudukan, Tugas dan Kewenangan                              Delegation of Position, Duties, and Authorities of the Minister
Menteri Keuangan pada Perusahaan Persero (Persero),                             of Finance in Persero Companies (Persero), Public Companies
Perusahaan Umum (Perum) dan Perusahaan Jawatan (Perjan)                         (Perum), and Service Companies (Perjan) to the Minister of
kepada Menteri Negara Badan Usaha Milik Negara dan                              State for State-Owned Enterprises, as well as Law No. 19 of
Undang-undang No. 19 Tahun 2003 tentang Badan Usaha                             2003 concerning State-Owned Enterprises and the State
Milik Negara beserta Lembaran Negara Republik Indonesia;                        Gazette of the Republic of Indonesia, the power of attorney
kuasa Pemegang Saham Utama/ Pengendali Perusahaan                               for the Major Shareholders/Controllers of the Company is
adalah Kementerian Badan Usaha Milik Negara (BUMN).                             held by the Ministry of State-Owned Enterprises (SOEs).


Tabel Pemegang Saham Pengendali dan Entitas Pemilik                             Table of Controlling Shareholder and Name of Ultimate
                                                                                Owner
             Pemegang Saham Pengendali dan Entitas Pemilik Akhir / Controlling Shareholder and Name of Ultimate Owner
                               Istana Negara / National Palace
                               Jl. Medan Merdeka Utara No. 3 RT. 2/RW.3, Kel. Gambir Kec. Gambir, Kota Jakarta Pusat DKI Jakarta 10110,
    Pemerintah Republik        Indonesia
 Indonesia / Kepresidenan Kantor Kementerian Sekretariat Negara Republik Indonesia / Ministry of State Secretariat of the Republic
 / Government of Republic of Indonesia Office
 of Indonesia / Presidency Jl. Veteran No. 17-18 Jakarta Pusat 10110 DKI Jakarta, Indonesia.
                           Telp : (+62) 21 3845627
                           Website : www.setneg.go.id
                         Kantor Kementerian BUMN / Ministry of SOE Office
Kementerian Badan Usaha Jl. Medan Merdeka Selatan No. 13 Jakarta Pusat 10110 DKI Jakarta, Indonesia.
  Milik Negara (BUMN) /  Telp : (+62) 21 29935678
  Ministry of SOE Office Fax : (+62) 21 29935740
                         Website : www.bumn.go.id
                                                      Pemegang Saham Utama / Majority Shareholder
                               PT Semen Indonesia (Persero) Tbk
                               Jl. R.A. Kartini Kav.8, Cilandak Barat Jakarta Selatan 12430 DKI Jakarta, Indonesia.
   PT Semen Indonesia          South Quarter, Tower A, Lt 19-20
      (Persero) Tbk            Telp : (+62) 21 5261174-5
                               Fax : (+62) 21 5261176
                               Website: www.sig.id




184        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                      Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis          Good Corporate Governance            Corporate Social and Environmental Responsibility




Informasi Daftar Entitas Anak, Entitas Asosiasi,
dan Ventura Bersama
Information on List of Subsidiaries, Associated Entities, and
Joint Ventures

Hingga 31 Desember 2023, Perusahaan hanya memiliki 1 (satu)                           As of December 31, 2023, the Company only had 1 (one)
Entitas Anak yakni PT Baturaja Multi Usaha, dan tidak memiliki                        Subsidiary and did not have Associated Entities or Joint
Entitas Asosiasi ataupun Ventura Bersama. Informasi tentang                           Ventures. The following is information about the Subsidiary
Entitas Anak Perusahaan adalah sebagai berikut:                                       Entity:


PT BATURAJA MULTI USAHA                                                               PT BATURAJA MULTI USAHA
PT Baturaja Multi Usaha (BMU) merupakan entitas anak                                  PT Baturaja Multi Usaha (BMU) is a subsidiary of PT Semen
PT Semen Baturaja Tbk yang didirikan pada tanggal 24 Februari                         Baturaja Tbk. It was established on February 24, 2016, based
2016, berdasarkan akta Notaris No. 49, Notaris Akhmad                                 on notarial deed No. 49, by Notary Akhmad Habriand, S.H.,
Habriand, S.H., M.H., dan Akta ini telah disahkan oleh Menteri                        M.H. This deed was later ratified by the Minister of Law and
Hukum dan Hak Asasi Manusia Republik Indonesia dalam surat                            Human Rights of the Republic Indonesia in decision letter
keputusan No. AHU 0010830. AH.01.01 tanggal 26 Februari                               No. AHU 0010830.AH.01.01 dated February 26, 2016. BMU
2016. BMU resmi beroperasi di tahun 2016 dan bergerak di                              officially began operating in 2016, and its primary activities
bidang jasa distribusi, agen penerbangan, penjualan logistik                          include distribution services, aviation agency, logistics sales,
dan bisnis lainnya. Pada pelaksanaannya, Perusahaan menjual                           and other businesses. In practice, BMU sells and distributes
dan mendistribusikan semen (baik kantong maupun curah)                                cement (both bagged and bulk) and other building materials,
dan bahan bangunan lainnya, didukung dengan gudang yang                               supported by well-managed warehouses. Additionally, the
dikelola dengan baik. Perusahaan juga menyediakan barang                              Company provides goods and services to various businesses
dan jasa untuk berbagai bisnis untuk mengoptimalkan nilai                             to optimize the value of each process chain in industry and
dari setiap rantai proses dalam industri dan perdagangan.                             commerce.


                                                                  PT Baturaja Multi Usaha
Bidang Usaha / Line of Business                            Berusaha di bidang penjualan, logistik dan bisnis lainnya / Operates in sales, logistics and
                                                           other businesses
Domisili / Domicile                                        Palembang
Tahun Berdiri / Year of Establishment                      2016
Tahun Beroperasi Komersial / Year of                       2016
Commercial Operation
Tahun Penyertaan Modal oleh Perusahaan /                   2016
Year of Equity Participation by Company
Status Operasi / Operation Status                          Beroperasi
Kepemilikan oleh Perusahaan / Ownership by                 2023 : 99,94%
Company                                                    2022 : 99,94%
Jumlah Aset (Rp juta) / Total Assets (Rp                   2023: 117.680
million)                                                   2022: 154.915
Alamat / Address                                           Jalan KH. Bastari Perumahan Ogan Permata Indah Blok DA 21 D - 21 F Jakabaring,
                                                           Palembang
Telepon / Telephone                                        0711-5541379




                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja              Laporan Manajemen          Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                              Performance Highlights        Management Report          Company Profile          Overview on Business Supports




Informasi Daftar Entitas Anak, Entitas Asosiasi, dan Ventura Bersama
Information on List of Subsidiaries, Associated Entities, and Joint Ventures



KOMPOSISI KEPEMILIKAN SAHAM PT BATURAJA MULTI                                       SHAREHOLDING COMPOSITION OF PT BATURAJA MULTI
USAHA PER 31 DESEMBER 2023                                                          USAHA AS OF DECEMBER 31, 2023


                                                                                         ·
                                                            0,06%




                                                                    2023

                                                                                                    99,94%




                                 PT Semen Baturaja Tbk                       Koperasi Karyawan Semen Baturaja /
                                                                             Semen Baturaja Employee Cooperative


Kinerja Keuangan PT Baturaja Multi Usaha per 31 Desember                            PT Baturaja Multi Usaha Financial Performance as of
2023                                                                                December 31, 2023
                                                                                                                           Perubahan / Changes
                                                   2023 (Rp Juta) / 2023        2022 (Rp Juta) / 2022             Nominal
           Uraian / Description                                                                                                                       Persentase
                                                        (Rp Million)                 (Rp Million)            (Rp Juta) / Nominal
                                                                                                                                                 (%) / Percentage (%)
                                                                                                                 (Rp Million)
Pendapatan / Income                                                106.131                       234.518                     (128.387)                             45
Beban Pokok Pendapatan / Income of
                                                                   97.228                        218.835                      (121.607)                            44
Goods Sold
Laba Bersih / Net Profit                                            2.504                         (8.822)                        11.326                           (28)
Aset / Assets                                                      117.680                       154.915                       (37.235)                            76
Liabilitas / Liabilities                                          154.782                       194.690                       (39.908)                             80
Ekuitas / Equity                                                  (37.102)                      (39.775)                          2.673                            93


KOMPOSISI MANAJEMEN KUNCI                                                           KEY MANAGEMENT COMPOSITION
Tabel Manajemen Kunci PT Baturaja Multi Usaha per 31                                Table of Key Management of PT Baturaja Multi Usaha as of
Desember 2023                                                                       December 31, 2023
                              Nama / Name                                                                   Manajemen / Management
Direktur / Director                                                                Hendry Irawan Manuhutu
VP Marketing & Sales                                                               David Irwanto
VP Transport                                                                       Muhammad Andri Rizani
VP Financial                                                                       Pramaja Gusnady
VP Corporate Management                                                            Achmad Rinaldy Agustra
VP Internal Audit                                                                  Tobok Hutabarat




186         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                   Analisis dan Pembahasan Manajemen      Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                   Management Discussion and Analysis     Good Corporate Governance                Corporate Social and Environmental Responsibility




Struktur Grup Perusahaan
Company Group Structure

Informasi struktur Grup PT Semen Baturaja Tbk per                             The following is Information on Group structure of PT Semen
31 Desember 2023 adalah sebagai berikut:                                      Baturaja Tbk as of December 31, 2023:




                                                         Pemerintah Republik Indonesia /
                                                         The Government of Republic of Indonesia




                                    51,01%                                                                              100,00%
0,00%                               PT Semen Indonesia (Persero) Tbk                                                    Indonesia Financial Group
                                                                                                                        (IFG)
1 Lembar (0,00%)
(Saham Seri A
Dwiwarna) / Share Share

                                                                       99,99%
                                                                                                                            Kelompok Pemegang
of Series A Dwiwarna                                                                                                      Saham Masyarakat <5% /
                                                                                                                          Public Shareholders Group
                                                                       PT Asuransi Jiwa IFG
                                                                                                                                    < 5%




                                                75,51%                                 7,89%                                               16,60%




                                                                                             PT Semen Baturaja Tbk




                                                                                     99,94%



                                                                             PT Baturaja Multi
                                                                                  Usaha




         Pemegang Saham Pengendali                        Pemegang                              Pemegang Saham                                  Entitas
         dan Entitas Pemilik Akhir /                      Saham Utama                           Non Pengendali /                                Anak /
         Controlling Shareholders and                     / Majority                            Non-Controlling                                 Subsidiary
         Ultimate Owner Entities.                         Shareholders                          Shareholders




                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen        Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report        Company Profile        Overview on Business Supports




Kronologi Penerbitan dan/atau Pencatatan Saham
Chronology of Issuance and/or Listing of Share

PENAWARAN UMUM SAHAM PERDANA                                                     INITIAL PUBLIC OFFERING
Berdasarkan Surat No. S-176/D.04/2013 tanggal 19 Juni                            On June 19, 2013, the Financial Services Authority in Indonesia
2013 dari Otoritas Jasa Keuangan di Indonesia, Perusahaan                        issued Letter No. S-176/D.04/2013, granting approval for
memperoleh persetujuan Pernyataan Efektif Pendaftaran                            the Statement of Effective Registration by the Company.
oleh Otoritas Jasa Keuangan. Pada tanggal 28 Juni 2013,                          Subsequently, on June 28, 2013, the Company conducted a
Perusahaan telah melakukan penawaran saham perdana (IPO)                         series B initial public offering (IPO) on the Indonesia Stock
seri B di Bursa Efek Indonesia sebanyak 2.337.678.500 lembar                     Exchange, offering 2,337,678,500 shares at a nominal price
saham dengan harga nominal Rp100,- per saham dan harga                           of Rp100 per share and a share offering price of Rp560 per
penawaran saham Rp560,- per saham.                                               share.


Tabel Penawaran Umum Saham Perdana                                               Table of Initial Public Offering
                                                                                                                                               Nama Bursa
                                                                                                           Jumlah Saham                     Pencatatan Saham
    Tanggal                                                                    Tujuan Tindakan Korporasi
                                Jenis Tindakan Korporasi /                                                  Diterbitkan /                   Perusahaan / Stock
  Pencatatan /                                                                  / Objectives Of Corporate
                                 Type Of Corporate Action                                                 Number Of Issued                  Exchange Name Of
 Recording Date                                                                           Action
                                                                                                               Shares                        Company Shares
                                                                                                                                                  Listing
  28 Juni 2013 /     PT Semen Baturaja (Persero) Tbk resmi                     Pendanaan Pembangunan                2.337.678.500               Bursa Efek
  June 28, 2013      melakukan pencatatan saham di Bursa Efek                  pabrik semen di Baturaja,                                     Indonesia (BEI) /
                     Indonesia melalui penerbitan saham baru atau              Sumatra Selatan dengan                                        Indonesia Stock
                     Initial Public Offering (IPO) dengan kode saham           kapasitas produksi 1,85                                        Exchange (IDX)
                     SMBR. Perusahaan melepas 23,76% saham                     juta ton / Pendanaan
                     ke publik atau sebanyak 2.337.678.500 saham               Pembangunan       pabrik
                     dengan nilai nominal Rp100 per saham, dijual              semen     di    Baturaja,
                     dengan harga Rp560 per saham dengan hasil                 Sumatra Selatan dengan
                     emisi sebesar Rp1,3 triliun / PT Semen Baturaja           kapasitas produksi 1,85
                     (Persero) Tbk officially listed its shares on the         juta ton
                     Indonesia Stock Exchange through an Initial
                     Public Offering (IPO) using the stock code SMBR.
                     The Company released 23.76% of its shares to
                     the public, equivalent to 2,337,678,500 shares
                     with a nominal value of Rp100 per share. These
                     shares were sold at Rp560 per share, resulting
                     in a total emission of Rp1,3 trillion. The IPO
                     marks an important milestone for the Company
                     as it seeks to raise capital to fund its expansion
                     plans.
  18 April 2017 /    Bursa Efek Indonesia menyetujui pencatatan                Program      kepemilikan                  94.855.836             Bursa Efek
  April 18, 2017     saham Perusahaan yang dilakukan secara                    Saham Karyawan dan                                            Indonesia (BEI) /
                     prapencatatan di Bursa Efek Indonesia dengan              Manajemen / Employee and                                      Indonesia Stock
                     jumlah saham sebanyak 162.320.400 saham seri              Management Shareholding                                        Exchange (IDX)
                     B yang berasal dari saham Management and                  Program
                     Employee Stock Option Plan (MESOP) dengan
                     nilai nominal Rp100 per saham / The Indonesia
                     Stock Exchange has approved the pre-listing
                     of the Company’s shares. The total number of
                     shares to be listed is 162,320,400, and they are
                     series B shares originating from Management
                     and Employee Stock Option Plan (MESOP)
                     shares. Each share has a nominal value of Rp100.




188         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                        Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik                Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis         Good Corporate Governance                       Corporate Social and Environmental Responsibility




                                                             Kronologi Penerbitan dan/atau Pencatatan Saham
                                                               Chronology of Issuance and/or Listing of Share



PROGRAM ALOKASI SAHAM UNTUK KARYAWAN                                                   SHARE ALLOCATION PROGRAM FOR EMPLOYEES
SMBR memberikan fasilitas kepemilikan saham Perusahaan                                 The Company’s shareholding facility is provided by SMBR
melalui program Employee Stock Allocation (ESA) dengan                                 through the Employee Stock Allocation (ESA) program, which
mengalokasikan 0,82% dari total saham yang diterbitkan                                 allocates 0.82% of the total shares issued at the IPO for one
pada saat penawaran umum perdana (IPO), dalam jangka                                   year.
waktu selama 1 (satu) tahun.


Berdasarkan keputusan Rapat Umum Pemegang Saham                                        The General Meeting of Shareholders approved the listing of
(RUPS) pada tahun 2017, Perusahaan juga mendapatkan                                    162,320,400 series B shares for the Management Employee
persetujuan pencatatan saham tambahan dalam rangka                                     Stock Option Plan (MESOP) in 2017. During the 2017-2019
pelaksanaan Management Employee Stock Option Plan                                      implementation period, 94,855,836 shares were absorbed,
(MESOP) sebanyak 162.320.400 saham seri B dari Bursa Efek                              but 67,464,564 shares remained unabsorbed until the end of
Indonesia (BEI). Pada periode pelaksanaan dari tahun 2017-                             the implementation period in 2019. As a result, the number of
2019, terserap sebanyak 94.855.836 lembar saham dan sisa                               outstanding shares for the Company at the end of the fiscal
MESOP hingga akhir periode pelaksanaan pada tahun 2019                                 year was 9,932,534,336 shares.
tidak terserap sebanyak 67.464.564 lembar saham. Sehingga,
jumlah saham beredar Perusahaan hingga akhir tahun buku
sebanyak 9.932.534.336 lembar.


Tabel Program Alokasi Saham untuk Karyawan                                             Table of Share Allocation Program for Employees
                                                                                                                           Jumlah
                                                     Nilai                              Jumlah Saham
                                                                  Harga                                                    Saham
                                                   Nominal                                Diterbitkan
 Periode /                                                     Penawaran                                                 (Lembar)
             Keterangan / Description               (Rp) /                                (Lembar) /                                            Bursa Efek / Stock Exchange
  Period                                                     (Rp) / Offering                                             / Number
                                                   Nominal                             Number Of Issued
                                                                Price (Rp)                                               Of Shares
                                                  Value (Rp)                            Shares (Shares)
                                                                                                                          (Shares)
Sebelum IPO / Before IPO                                                                    7.500.000.000 7.500.000.000
             Penawaran Umum Saham                                                                                                                Bursa Efek Indonesia (BEI) /
   2013      Perdana (IPO) / Initial Public                  100              560            2.337.678.500            9.837.678.500              Indonesia Stock Exchange
             Offering (IPO)                                                                                                                                 (IDX)
                                                                                                                                                 Bursa Efek Indonesia (BEI) /
             Management Employee
   2017                                                      100           2.550                      87.118.783       9.924.797.283             Indonesia Stock Exchange
             Stock Option Plan
                                                                                                                                                            (IDX)
                                                                                                                                                 Bursa Efek Indonesia (BEI) /
             Management Employee
   2018                                                      100           3.090                      7.737.053       9.932.534.336              Indonesia Stock Exchange
             Stock Option Plan
                                                                                                                                                            (IDX)
                                                                                                                                                 Bursa Efek Indonesia (BEI) /
             Management Employee
   2019                                                      100            1.160                              -      9.932.534.336              Indonesia Stock Exchange
             Stock Option Plan
                                                                                                                                                            (IDX)




                                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Kronologi Penerbitan dan/atau
Pencatatan Efek Lainnya
Chronology of Issuance and/or Other Securities Listing

Di tahun 2023, Perusahaan tidak melakukan penerbitan efek                     In 2023, the Company did not issue any securities. Therefore,
apa pun. Dengan demikian, tidak terdapat informasi terkait                    there is no information available regarding other securities,
nama efek lainnya, tahun penerbitan efek lainnya, tingkat                     including their names, issuance year, interest rates/ returns,
bunga/imbalan efek lainnya, dan tanggal jatuh tempo efek                      maturity dates, value of offerings, stock exchange listing, or
lainnya, nilai penawaran efek lainnya, nama bursa tempat efek                 rating.
lainnya dicatatkan, maupun peringkat efek.




Lembaga dan/atau Profesi Penunjang
Supporting Institutions and/or Professionals


                                                KANTOR AKUNTAN PUBLIK / PUBLIC ACCOUNTING FIRM
Nama Lembaga/ Profesi          Kantor Akuntan Publik Imelda & Rekan (Anggota Jaringan Deloitte Asia Pasifik dan Jaringan Deloitte) /
/ Name of Institution/         Imelda & Partners Public Accounting Firm (Member of the Deloitte Asia Pacific Network and Deloitte
Profession                     Network)
Periode Penugasan /
                               2023
Assignment Period
                               The Plaza Office Tower, 32nd Floor, Jl. M.H. Thamrin Kav 28-30, RT.9/RW.5, Gondangdia, Menteng, RT.9/RW.5,
                               Gondangdia, Kec. Menteng, Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10350
Alamat & Info lainnya /
Address & Other Info           Telepon       : (+62) 21 5081 8000
                               Fax           : (+62) 21 2992 8200 / 8300
                               Email         : iddttl@deloitte.com
                               1. Jasa Audit umum Laporan Keuangan Konsolidasian Perusahaan dan Entitas Anak untuk periode Tahun yang
                                  berakhir pada tanggal 31 Desember 2023 / General Audit Services for the Consolidated Financial Statements
                                  of the Company and Subsidiaries for the year ending on December 31, 2023
Jasa yang Diberikan /
                               2. Jasa Audit umum Laporan Keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil (PUMK) PT Semen
Service Rendered
                                  Baturaja Tbk dan entitas anak tahun yang berakhir pada tanggal 31 Desember 2023 / General Audit Services
                                  Financial Reports for Micro and Small Business Funding Program (PUMK) PT Semen Baturaja Tbk and
                                  subsidiaries for the year ending December 31, 2023
Jasa lainnya / Other
                               Tidak ada / None
Services
                               Pada tahun yang berakhir pada tanggal 31 Desember 2023, biaya imbalan jasa audit yang dikenakan oleh KAP
                               Imelda & Rekan dan Jaringan Deloitte kepada Perusahaan dan entitas anak adalah sebesar Rp967.000.000 / In
Biaya Jasa / Fee
                               the year ending on December 31, 2023, fees for audit services charged by KAP Imelda & Rekan and the Deloitte
                               Network to the Company and its subsidiaries amounted to Rp967,000,000.
                                                      KONSULTAN HUKUM / LEGAL CONSULTANT
Nama Lembaga/ Profesi
/ Name of Institution/         Law Firm Fahmi Nugroho & Partners
Profession
Periode Penugasan /
                               2023
Assignment Period
                               Jalan Merdeka No. 1069/C RT/RW. 05/02 Kel. Talang Semut Kecamatan Bukit Kecil Palembang 30135
Alamat & Info lainnya /
Address & Other Info
                               Email : Nugroho_adv@yahoo.co.id, advokatfahminugroho@gmail.com
Jasa yang Diberikan /          Pendampingan Hukum Perselisihan Hubungan Industrial Pada Pengadilan Negeri Palembang Kelas 1A / Legal
Service Rendered               Assistance for Industrial Relations Disputes at the Palembang District Court Class 1A
Biaya Jasa / Fee               Rp250.000.000




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                        Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis       Good Corporate Governance          Corporate Social and Environmental Responsibility




                                                                      Lembaga dan/atau Profesi Penunjang
                                                                Supporting Institutions and/or Professionals



                                                        BIRO ADMINISTRASI EFEK / SHARE REGISTRAR
Nama Lembaga/ Profesi
/ Name of Institution/           PT Datindo Entrycom
Profession
Periode Penugasan /
                                 Juli 2023 - Juni 2024 / July 2023 – June 2024
Assignment Period
                                 Jl. Hayam Wuruk No. 28 - Lantai 2 Jakarta 10120
                                 Telepon : (62) 21 - 350 8077 (Hunting)
Alamat & Info lainnya /
                                 Fax : (62) 21 – 3508078
Address & Other Info
                                 E-mail : corporatesecretary@datindo.com
                                 Web : www.datindo.com
                                 1. Jasa EO RUPST Tahun Buku 2023 / EO Services for 2023 Fiscal Year AGMS
Jasa yang Diberikan /            2. Jasa EO RUPSLB 24 Januari 2023 / EO Services for EGMS on January 24, 2023
Service Rendered                 3. Jasa EO RUPSLB 8 November 2023 / EO Services for EGMS on November 8, 2023
                                 4. Jasa Administrasi Saham Pasar Sekunder / Secondary Market Share Administration Services
                                 1. Rp305.450.000
                                 2. Rp260.000.000
Biaya Jasa / Fee
                                 3. Rp322.500.000
                                 4. Rp40.000.000
                                                                    NOTARIS / NOTARY
Nama Lembaga/ Profesi
/ Name of Institution/           Aulia Taufani, S.H.
Profession
Periode Penugasan /
                                 Januari & November 2023 / January & November 2023
Assignment Period
                                 Menara Sudirman Lantai 16 Jalan Jenderal Sudirman Kav 60 Jakarta Selatan 12190
Alamat & Info lainnya /
                                 Telepon : (+62) 21 – 5204778
Address & Other Info
                                 Fax : (+62) 21 – 5204780
                                 1. Pembuatan Akta Berita Acara RUPS LB SMBR pada bulan Januari 2023 dan November 2023; / Preparation of
                                    Deed of Minutes of the SMBR Extraordinary General Meeting of Shareholders in January 2023 and November
Jasa yang Diberikan /               2023;
Service Rendered                 2. Pembuatan Akta Perubahan Pengurus; / Preparation of Deed of Change of Management;
                                 3. Pengurusan Pemberitahuan Perubahan Pengurus kepada Kementerian Hukum dan HAM RI. / Management of
                                    Notification of Changes in Management to the Indonesian Ministry of Law and Human Rights.
Biaya Jasa / Fee                 Rp44.000.000
                                                                    NOTARIS / NOTARY
Nama Lembaga/ Profesi
/ Name of Institution/           Aryanti Artisari, S.H.,M.Kn.
Profession
Periode Penugasan /
                                 Mei 2023 / May 2023
Assignment Period
                                 Menara Sudirman Lantai 18 Jalan Jenderal Sudirman Kav 60 Jakarta Selatan 12190
Alamat & Info lainnya /
                                 Telepon : (+62) 21 – 5204778
Address & Other Info
                                 Fax : (+62) 21 – 5204780
                                 1. Pembuatan Akta Berita Acara RUPS Tahunan Tahun Buku 2022 SMBR; / Preparation of SMBR Deed of Minutes
                                    of Annual GMS for Fiscal Year 2022;
Jasa yang Diberikan /
                                 2. Pembuatan Akta Perubahan Pengurus; / Preparation of Deed of Change of Management;
Service Rendered
                                 3. Pengurusan Pemberitahuan Perubahan Pengurus kepada Kementerian Hukum dan HAM RI. / Management of
                                    Notification of Changes in Management to the Indonesian Ministry of Law and Human Rights.
Biaya Jasa / Fee                 Rp19.000.000




                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Penghargaan dan Sertifikasi
Awards and Certification




PENGHARGAAN / AWARDS
Tabel Penghargaan yang Diperoleh di Tahun 2023 / Table of Awards Received in 2023
   Tanggal/ Bulan /
                                                                    Penghargaan / Awards                                              Cakupan / Scope
     Date/ Month
    13 Maret 2023 /       Anugerah BUMN 2023 Kategori Inovasi Bisnis / 2023 SOEs Award for Business Innovation Nasional / National
     March 13, 2023       Category
     21 Mei 2023 /        Juara Favorit Dalam Ajang Karnaval HUT Sumsel ke – 77 Tahun / Favorite Champion in the 77th Provinsi / Province
     May 21, 2023         Anniversary of South Sumatra Carnival
     28 Mei 2023 /        Penghargaan Sebagai Stand Terbaik III Kategori Instansi Pada Gelaran Sriwijaya Expo 2023 / Provinsi / Province
     May 28, 2023         Award as Best Stand III in the Institution Category at the 2023 Sriwijaya Expo
     13 Juli 2023 /       Penghargaan dari Tribun Sumsel atas Dukungan Inovasi Energi Baru / Award from Tribun Nasional / National
     July 13, 2023        Sumsel for Supporting New Energy Innovation
   10 Agustus 2023 /      The Most Commited CEO of BUMN on TJSL Pilar Ekonomi dan Bintang Tiga (Silver) kategori Nasional / National
    August 10, 2023       Pilar Ekonomi – Anak Perusahaan BUMN. Dalam Ajang TJSL & CSR Award 2023 / The Most
                          Committed CEO of SOEs on TJSL Economic Pillar and Three Star (Silver) Economic Pillar
                          category – SOE Subsidiary. In the 2023 TJSL & CSR Award Event
   10 Agustus 2023 /      Penghargaan Environmental and Social Innovation Awards (ENSIA) 2023, untuk kategori Nasional / National
    August 10, 2023       Platinum Social Innovation / Environmental and Social Innovation Awards (ENSIA) 2023, in the
                          Platinum Social Innovation category




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                      Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis   Good Corporate Governance          Corporate Social and Environmental Responsibility




                                                                                              Penghargaan dan Sertifikasi
                                                                                                Awards and Certification




 Tanggal/ Bulan /
                                                              Penghargaan / Awards                                                            Cakupan / Scope
   Date/ Month
 30 Agustus 2023 /       GRC (Governance, Risk & Compliance) & Performance Excellence Award 2023                                             Nasional / National
  August 30, 2023        1. The Best GRC For Corporate Operation 2023
                         2. The Best GRC Milennial Leader 2023 (Tarida Tambunan)
30 September 2023 /      Karyawan Semen Baturaja (Hendri Radilah) Berhasil Bawa Pulang 3 Medali di Ajang Peparprov Provinsi / Province
September 30, 2023       Sumsel Ke – IV Lahat 2023 / Semen Baturaja Employee (Hendri Radilah) Successfully Takes
                         Home 3 Medals at the Fourth South Sumatra Peparprov Event Lahat 2023
6 November 2023 /        Penghargaan Gold Rank di Asia Sustainability Report Rating 2023 / Gold Rank Award in Asia                                Internasional /
November 6, 2023         Sustainability Report Rating 2023                                                                                         International
16 November 2023 /       Peringkat Perak SNI Award 2023 / 2023 SNI Award Silver Rank                                                         Nasional / National
November 16, 2023
30 November 2023 /       7 Penghargaan pada Ajang TKMPN XXVII 2023 (1 Platinum, 4 Gold, 2 Silver) / 7 Awards at the Nasional / National
November 30, 2023        2023 TKMPN XXVII Event (1 Platinum, 4 Gold, 2 Silver)
4 Desember 2023 /        Indonesia SDGs Award (ISDA) 2023 (2 Gold) dan Indonesia CSR Award (ICA) 2023 (1 Gold) / Nasional / National
December 4, 2023         Indonesia SDGs Award (ISDA) 2023 (2 Gold) and Indonesia CSR Award (ICA) 2023 (1 Gold)
20 Desember 2023 /       Penghargaan penilaian peringkat kinerja perusahaan dalam pengelolaan lingkungan Nasional / National
December 20, 2023        hidup (PROPER) Pabrik Baturaja Peringkat Hijau / Baturaja Plant's Green Ranking company
                         performance rating assessment award in environmental management (PROPER).




                                                                                                   2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 196
                                                                                                                                                                                                             Ikhtisar Kinerja         Laporan Manajemen   Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                                                                                                                                                                                                             Performance Highlights   Management Report   Company Profile     Overview on Business Supports




             Penghargaan dan Sertifikasi
             Awards and Certification




                                                                                         LP-462-IDN

Ditetapkan tanggal : 28 Juni 2022                                                                                                                             Berlaku hingga : 27 Juni 2027

                                                                                        Diberikan kepada


    PT Semen Baturaja (Persero) Tbk - Departement Quality Control
                            (Multilokasi)
                                                                                              di

            Jl. Raya Tiga Gajah, Baturaja, Ogan Komering Ulu, Palembang
                                  Sumatera Selatan
                                                                    yang telah menunjukkan kompetensinya sebagai
                                                                            LABORATORIUM PENGUJI
                                                                           dengan menerapkan secara konsisten
                                        SNI ISO/IEC 17025:2017 (ISO/IEC 17025:2017)
                      Persyaratan Umum Untuk Kompetensi Laboratorium Pengujian dan Laboratorium Kalibrasi
                                                                       untuk ruang lingkup seperti dalam lampiran
                                                                       KOMITE AKREDITASI NASIONAL



                                                                         Drs. KUKUH S. ACHMAD, M.Sc
                                                                                            KETUA
Sertifikat ini memberikan hak kepada laboratorium untuk menggunakan tanda akreditasi pada sertifikat/laporan yang diterbitkan, kop surat, iklan, dan tujuan promosi lainnya sesuai ketentuan yang berlaku.
                                       Sertifikat ini tidak boleh direproduksi sebagian, kecuali secara keseluruhan, tanpa izin tertulis dari Komite Akreditasi Nasional.




            194                                                                                                              PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                         Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                         Management Discussion and Analysis         Good Corporate Governance                Corporate Social and Environmental Responsibility




                                                                                                           Penghargaan dan Sertifikasi
                                                                                                             Awards and Certification


SERTIFIKASI / CERTIFICATION
Sertifikasi yang Masih Berlaku di Tahun 2023 / Valid Certifications in 2023
     Tanggal
                    Jenis, Bidang Atau            Nama                                                                                                              Dokumen
 Dikeluarkannya
                     Area Sertifikasi /        Sertifikasi /                                              Pemberi /                Masa Berlaku /                  Sertifikat /
   Sertifikasi /                                                     Kegunaan / Purpose
                    Type, Field, Or Area       Certification                                               Provider                Validity Period                 Certificate
    Certificate
                      Of Certification            Name                                                                                                             Document
  Issuance Date
 28 Juni 2022 /    Persyaratan Umum            SNI ISO/IEC     Menetapkan standar kompetensi           Komite Akreditasi 28 Juni 2022-27 Juni                      LP-462-IDN
 June 28, 2022     Kompetensi                  17025: 2017     untuk laboratorium dimana ruang          Nasional (KAN)   2027 / June 28, 2022 –
                   Laboratorium                                lingkup standar ini mencakup               / National         June 27, 2027
                   Pengujian                                   pengujian dan kalibrasi dengan            Accreditation
                   dan Kalibrasi                               metode baku, dan metode yang            Committee (KAN)
                   Departemen Quality                          dikembangkan oleh laboratorium
                   Control / General                           sendiri. / To set competency
                   Requirements                                standards for laboratories where
                   for Testing and                             the scope of this standard
                   Calibration                                 includes testing and calibration
                   Laboratory                                  with standard methods, and
                   Competencies                                the methods developed by the
                   Department Quality                          laboratory itself.
                   Control
 03 Juni 2022 /    Sistem Manajemen              SNI ISO       Secara umum penerapan ISO               BSPJI Palembang         03 Juni 2022- 02 Juni                004/BSKJI/
  June 3, 2022     Mutu Kantor Pusat &          9001:2015      9001:2015 adalah untuk:                                         2025 / June 3, 2022 –             BSPJIPalembang/
                   Pabrik Palembang,                           1. Meningkatkan kepercayaan                                         June 2, 2025                    MS.2/VI/2022
                   Pabrik Baturaja,                               kepada pelanggan akan mutu
                   serta Pabrik Panjang                           produk dan layanan. / Increase
                   / Quality Management                           trust to customers of product
                   System for the                                 and service quality.
                   Head Office and                             2. Memberikan jaminan mutu
                   Palembang Plant,                               produk dan layanan. / Provide
                   Baturaja Plant, and                            quality assurance of products
                   Panjang Plant                                  and services.
                                                               3. Meningkatkan produktivitas
                                                                  Perusahaan. / Increase
                                                                  company productivity.
                                                               4. Meningkatkan motivasi
                                                                  karyawan. / Increase
                                                                  employee motivation.
                                                               5. Membentuk hubungan saling
                                                                  menguntungkan dengan
                                                                  pemasok. / Form a mutually
                                                                  beneficial relationship with
                                                                  suppliers.
                                                               6. Mencapai penghematan biaya
                                                                  yang optimum. / Achieve
                                                                  optimum cost savings.
                                                               7. Mengenal risiko dan peluang
                                                                  dalam meningkatkan
                                                                  mutu produk dan layanan
                                                                  / Recognize risks and
                                                                  opportunities in improving
                                                                  the quality of products and
                                                                  services.
  28 Juli 2022 /   Sistem Manajemen               SNI ISO      Mengidentifikasi secara                     Sucofindo            28 Juli 2022-27 Juli               EMS 00402
  July 28, 2022    Lingkungan Kantor            14001:2015     sistematik dan mengelola                  International         2025 / July 28, 2022 –
                   Pusat & Pabrik                              risiko lingkungan sehingga                Certification             July 27, 2025
                   Palembang, Pabrik                           mampu melindungi lingkungan                  Services
                   Baturaja, serta                             secara komprehensif dan dapat
                   Pabrik Panjang                              mengurangi keluhan masyarakat
                   / Environmental                             secara umum / To systematically
                   Management System                           identify and manage
                   for the Head Office                         environmental risks so as to be
                   and Palembang Plant,                        able to protect the environment
                   Baturaja Plant, and                         comprehensively and can reduce
                   Panjang Plant                               public complaints in general.




                                                                                                                  2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 198
                             Ikhtisar Kinerja               Laporan Manajemen         Profil Perusahaan               Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report         Company Profile                 Overview on Business Supports




Penghargaan dan Sertifikasi
Awards and Certification


    Tanggal
                  Jenis, Bidang Atau           Nama                                                                                                       Dokumen
Dikeluarkannya
                   Area Sertifikasi /       Sertifikasi /                                                 Pemberi /              Masa Berlaku /          Sertifikat /
  Sertifikasi /                                                    Kegunaan / Purpose
                  Type, Field, Or Area      Certification                                                  Provider              Validity Period         Certificate
   Certificate
                    Of Certification           Name                                                                                                      Document
 Issuance Date
 17 September     Sistem Manajemen               SMK3       Memastikan bahwa sistem                  Kementerian               17 September 2020       REG. SMK3.2020.
     2020 /       Keselamatan dan                           manajemen keselamatan                  Ketenagakerjaan            - 17 September 2023        SUC.SK-2157
 September 17,    Kesehatan Kerja                           dan kesehatan kerja                         Republik             (Telah dilakukan audit
      2020        Pabrik Palembang                          organisasi didokumentasikan,              Indonesia /               resertifikasi pada
                  / Palembang Plant                         diimplementasikan, dipelihara             Ministry of             19-20 Juni 2023 dan
                  Occupational                              secara efektif dan memenuhi              Manpower of                masih menunggu
                  Safety and Health                         persyaratan standar audit,              the Republic of           penerbitan sertifikat
                  Management System                         undang-undang dan peraturan                Indonesia                dari Kementerian
                                                            yang berlaku. / To ensure that the                                  Ketenagakerjaan
                                                            organization’s occupational safety                                 RI) / September 17,
                                                            and health management system                                      2020 - September 17,
                                                            is documented, implemented,                                      2023 (A recertification
                                                            maintained effectively and meets                                  audit was carried out
                                                            the applicable audit, laws and                                    on June 19-20, 2023
                                                            regulatory requirements.                                            and is still waiting
                                                                                                                              for the issuance of a
                                                                                                                               certificate from the
                                                                                                                             Indonesian Ministry of
                                                                                                                                    Manpower)
                  Sistem Manajemen               SMK3       Memastikan bahwa sistem                  Kementerian               17 September 2020       REG. SMK3.2020.
                  Keselamatan dan                           manajemen keselamatan                  Ketenagakerjaan            - 17 September 2023        SUC.SK-2156
                  Kesehatan Kerja                           dan kesehatan kerja                         Republik             (Telah dilakukan audit
                  Pabrik Baturaja                           organisasi didokumentasikan,              Indonesia /               resertifikasi pada
                  / Baturaja Plant                          diimplementasikan, dipelihara             Ministry of             21-23 Juni 2023 dan
                  Occupational                              secara efektif dan memenuhi              Manpower of                masih menunggu
                  Safety and Health                         persyaratan standar audit,              the Republic of           penerbitan sertifikat
                  Management System                         undang-undang dan peraturan                Indonesia                dari Kementerian
                                                            yang berlaku. / To ensure that the                                  Ketenagakerjaan
                                                            organization’s occupational safety                                 RI) / September 17,
                                                            and health management system                                      2020 - September 17,
                                                            is documented, implemented,                                      2023 (A recertification
                                                            maintained effectively and meets                                  audit was carried out
                                                            the applicable audit, laws and                                    on June 21-23, 2023
                                                            regulatory requirements.                                            and is still waiting
                                                                                                                              for the issuance of a
                                                                                                                               certificate from the
                                                                                                                             Indonesian Ministry of
                                                                                                                                    Manpower)
                  Sistem Manajemen               SMK3       Memastikan bahwa sistem                  Kementerian               17 September 2020       REG. SMK3.2020.
                  Keselamatan dan                           manajemen keselamatan                  Ketenagakerjaan            - 17 September 2023        SUC.SK-2158
                  Kesehatan Kerja                           dan kesehatan kerja                         Republik             (Telah dilakukan audit
                  Pabrik Panjang /                          organisasi didokumentasikan,              Indonesia /               resertifikasi pada
                  Panjang Plant                             diimplementasikan, dipelihara             Ministry of             26-27 Juni 2023 dan
                  Occupational                              secara efektif dan memenuhi              Manpower of                masih menunggu
                  Safety and Health                         persyaratan standar audit,              the Republic of           penerbitan sertifikat
                  Management System                         undang-undang dan peraturan                Indonesia                dari Kementerian
                                                            yang berlaku. / To ensure that the                                  Ketenagakerjaan
                                                            organization’s occupational safety                                 RI) / September 17,
                                                            and health management system                                      2020 - September 17,
                                                            is documented, implemented,                                      2023 (A recertification
                                                            maintained effectively and meets                                  audit was carried out
                                                            the applicable audit, laws and                                    on June 26-27, 2023
                                                            regulatory requirements.                                            and is still waiting
                                                                                                                              for the issuance of a
                                                                                                                               certificate from the
                                                                                                                             Indonesian Ministry of
                                                                                                                                    Manpower)




196        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 199
                        Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis         Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                                                                         Penghargaan dan Sertifikasi
                                                                                                           Awards and Certification


    Tanggal
                   Jenis, Bidang Atau            Nama                                                                                                             Dokumen
Dikeluarkannya
                    Area Sertifikasi /        Sertifikasi /                                              Pemberi /               Masa Berlaku /                  Sertifikat /
  Sertifikasi /                                                     Kegunaan / Purpose
                   Type, Field, Or Area       Certification                                               Provider               Validity Period                 Certificate
   Certificate
                     Of Certification            Name                                                                                                            Document
 Issuance Date
 3 Mei 2023 /     Jenis Ordinary             SPPT SNI OPC     Memastikan dan melihat                  BSPJI Palembang          3 Mei 2023 - 2 Mei              No. 030/ BSPJI-
 May 3, 2023      Portland Cement             Type I (SNI     apakah konsistensi serta                                        2027 / May 3 , 2023 –             Palembang/
                  (OPC) Type I Pabrik        2049-1:2020)     implementasi dalam produksi                                         May 2, 2027                   MS.1/V/2023
                  Palembang, Pabrik                           semen sesuai dengan
                  Baturaja & Pabrik                           Standar Nasional Indonesia
                  Panjang / Types of                          terbaru dan memastikan
                  Ordinary Portland                           sistem manajemen mutu
                  Cement (OPC) Type                           organisasi didokumentasikan,
                  I Palembang Plant,                          diimplementasikan, dipelihara
                  Baturaja Plant &                            secara efektif dan memenuhi
                  Panjang Plant                               persyaratan standar audit,
                                                              undang-undang dan peraturan
                                                              yang berlaku. / To ensure and
                                                              see whether consistency and
                                                              implementation in cement
                                                              production is in accordance
                                                              with the latest Indonesian
                                                              National Standards and
                                                              ensure that the organization’s
                                                              quality management system
                                                              is documented, implemented,
                                                              maintained effectively and
                                                              meets the requirements of audit
                                                              standards, applicable laws and
                                                              regulations.
22 Maret 2022 /   Jenis Ordinary             SPPT SNI OPC     Memastikan dan melihat apakah      BSPJI Palembang               22 Maret 2022- 21                No. 031/ BSKJI/
March 22, 2022    Portland Cement             Type I (SNI     konsistensi serta implementasi                                  Maret 2026 / March                  Baristand-
                  (OPC) Type I Pabrik         2049:2015)      dalam produksi semen sesuai                                     22, 2022 – March 21,             Palembang/ MS.1/
                  Palembang, Pabrik                           dengan Standar Nasional                                                2026                           III/2022
                  Baturaja & Pabrik                           Indonesia dan memastikan
                  Panjang / Types of                          sistem manajemen mutu
                  Ordinary Portland                           organisasi didokumentasikan,
                  Cement (OPC) Type                           diimplementasikan, dipelihara
                  I Palembang Plant,                          secara efektif dan memenuhi
                  Baturaja Plant &                            persyaratan standar audit,
                  Panjang Plant                               undang-undang dan peraturan
                                                              yang berlaku. / To ensure and
                                                              see whether consistency and
                                                              implementation in cement
                                                              production is in accordance with
                                                              Indonesian National Standards
                                                              and ensure that the organization’s
                                                              quality management system
                                                              is documented, implemented,
                                                              maintained effectively and
                                                              meets the requirements of audit
                                                              standards, applicable laws and
                                                              regulations




                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                          197
Page 200
                              Ikhtisar Kinerja               Laporan Manajemen       Profil Perusahaan               Tinjauan Unit Pendukung Bisnis
                              Performance Highlights         Management Report       Company Profile                 Overview on Business Supports




Penghargaan dan Sertifikasi
Awards and Certification


    Tanggal
                   Jenis, Bidang Atau           Nama                                                                                                      Dokumen
Dikeluarkannya
                    Area Sertifikasi /       Sertifikasi /                                               Pemberi /              Masa Berlaku /           Sertifikat /
  Sertifikasi /                                                     Kegunaan / Purpose
                   Type, Field, Or Area      Certification                                                Provider              Validity Period          Certificate
   Certificate
                     Of Certification           Name                                                                                                     Document
 Issuance Date
22 Maret 2022 /   Jenis Ordinary             SPPT SNI OPC    Memastikan dan melihat apakah      BSPJI Palembang               22 Maret 2022- 21        No.032/BSKJI/
March 22, 2022    Portland Cement             Type II (SNI   konsistensi serta implementasi                                  Maret 2026 / March          Baristand-
                  (OPC) Type II Pabrik        2049:2015)     dalam produksi semen sesuai                                     22, 2022 – March 21,     Palembang/ MS.1/
                  Baturaja / Baturaja                        dengan Standar Nasional                                                2026                  III/2022
                  Plant Type II Ordinary                     Indonesia dan memastikan
                  Portland Cement                            sistem manajemen mutu
                  (OPC)                                      organisasi didokumentasikan,
                                                             diimplementasikan, dipelihara
                                                             secara efektif dan memenuhi
                                                             persyaratan standar audit,
                                                             undang-undang dan peraturan
                                                             yang berlaku. / To ensure and
                                                             see whether consistency and
                                                             implementation in cement
                                                             production is in accordance with
                                                             Indonesian National Standards
                                                             and ensure that the organization’s
                                                             quality management system
                                                             is documented, implemented,
                                                             maintained effectively and
                                                             meets the requirements of audit
                                                             standards, applicable laws and
                                                             regulations.
22 Maret 2022 /   Jenis Ordinary               SPPT SNI      Memastikan dan melihat apakah      BSPJI Palembang 22 Maret 2022- 16 Juli                 No.033/BSKJI/
March 22, 2022    Portland Cement               Semen        konsistensi serta implementasi                     2026 / March 22, 2022                    Baristand-
                  (OPC) Type V Pabrik          Portland      dalam produksi semen sesuai                           – July 16, 2026                    Palembang/ MS.1/
                  Baturaja / Baturaja         Type V (SNI    dengan Standar Nasional                                                                      III/2022
                  Plant Type V Ordinary       2049:2015)     Indonesia dan memastikan
                  Portland Cement                            sistem manajemen mutu
                  (OPC)                                      organisasi didokumentasikan,
                                                             diimplementasikan, dipelihara
                                                             secara efektif dan memenuhi
                                                             persyaratan standar audit,
                                                             undang-undang dan peraturan
                                                             yang berlaku. / To ensure and
                                                             see whether consistency and
                                                             implementation in cement
                                                             production is in accordance with
                                                             Indonesian National Standards
                                                             and ensure that the organization’s
                                                             quality management system
                                                             is documented, implemented,
                                                             maintained effectively and
                                                             meets the requirements of audit
                                                             standards, applicable laws and
                                                             regulations.
 3 Mei 2023 /     Jenis Ordinary                SPPT SNI     Memastikan dan melihat              BSPJI Palembang              3 Mei 2023 - 2 Mei       No. 031/ BSPJI-
 May 3, 2023      Portland Cement                 Semen      apakah konsistensi serta                                        2027 / May 3, 2023 –       Palembang/
                  (OPC) Type II dan          Portland Type   implementasi dalam produksi                                         May 2, 2027            MS.1/V/2023
                  Type V Pabrik                II dan Type   semen sesuai dengan
                  Baturaja / Baturaja         V (SNI 2049-   Standar Nasional Indonesia
                  Plant Type II and Type          1:2020)    terbaru dan memastikan
                  V Ordinary Portland                        sistem manajemen mutu
                  Cement (OPC)                               organisasi didokumentasikan,
                                                             diimplementasikan, dipelihara
                                                             secara efektif dan memenuhi
                                                             persyaratan standar audit,
                                                             undang-undang dan peraturan
                                                             yang berlaku. / To ensure and
                                                             see whether consistency and
                                                             implementation in cement
                                                             production is in accordance
                                                             with the latest Indonesian
                                                             National Standards and
                                                             ensure that the organization’s
                                                             quality management system
                                                             is documented, implemented,
                                                             maintained effectively and
                                                             meets the requirements of audit
                                                             standards, applicable laws and
                                                             regulations.




198        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 201
                        Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis          Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                                                                          Penghargaan dan Sertifikasi
                                                                                                            Awards and Certification


    Tanggal
                   Jenis, Bidang Atau            Nama                                                                                                              Dokumen
Dikeluarkannya
                    Area Sertifikasi /        Sertifikasi /                                               Pemberi /               Masa Berlaku /                  Sertifikat /
  Sertifikasi /                                                     Kegunaan / Purpose
                   Type, Field, Or Area       Certification                                                Provider               Validity Period                 Certificate
   Certificate
                     Of Certification            Name                                                                                                             Document
 Issuance Date
27 Februari 2023 Jenis Portland              SPPT SNI PCC     Memastikan dan melihat apakah      BSPJI Palembang                31 Mei 2021-18 Juni              No. 015/ BSPJI-
 / February 27,  Komposit (PCC)                  (SNI         konsistensi serta implementasi                                   2025 / May 31, 2021 –            Palembang/ MS.1/
     2023        Pabrik Palembang,            7064:2014)      dalam produksi semen sesuai                                          June 18, 2025                     II/2023
                 Pabrik Baturaja &                            dengan Standar Nasional
                 Pabrik Panjang /                             Indonesia dan memastikan
                 Palembang Plant,                             sistem manajemen mutu
                 Baturaja Plant                               organisasi didokumentasikan,
                 & Panjang Plant                              diimplementasikan, dipelihara
                 Portland Composite                           secara efektif dan memenuhi
                 (PCC) Type                                   persyaratan standar audit,
                                                              undang-undang dan peraturan
                                                              yang berlaku. / To ensure and
                                                              see whether consistency and
                                                              implementation in cement
                                                              production is in accordance with
                                                              Indonesian National Standards
                                                              and ensure that the organization’s
                                                              quality management system
                                                              is documented, implemented,
                                                              maintained effectively and
                                                              meets the requirements of audit
                                                              standards, applicable laws and
                                                              regulations.
19 Oktober 2023   Jenis Portland             SPPT SNI PCC     Memastikan dan melihat                   BSPJI Palembang 3 Mei 2023 -2 Mei 2027                   No. 005/ BSPJI-
  / October 19,   Komposit (PCC)                 (SNI         apakah konsistensi serta                                   / May 3, 2023 – May                     Palembang/
      2023        Pabrik Palembang,           7064:2022)      implementasi dalam produksi                                      2, 2027                           MS.5/X/2023
                  Pabrik Baturaja &                           semen sesuai dengan
                  Pabrik Panjang /                            Standar Nasional Indonesia
                  Palembang Plant,                            terbaru dan memastikan
                  Baturaja Plant                              sistem manajemen mutu
                  & Panjang Plant                             organisasi didokumentasikan,
                  Portland Composite                          diimplementasikan, dipelihara
                  (PCC) Type                                  secara efektif dan memenuhi
                                                              persyaratan standar audit,
                                                              undang-undang dan peraturan
                                                              yang berlaku. / To ensure and
                                                              see whether consistency and
                                                              implementation in cement
                                                              production is in accordance
                                                              with the latest Indonesian
                                                              National Standards and
                                                              ensure that the organization’s
                                                              quality management system
                                                              is documented, implemented,
                                                              maintained effectively and
                                                              meets the requirements of audit
                                                              standards, applicable laws and
                                                              regulations.
 11 Desember      Sertifikasi Sistem             SNI ISO      Menanamkan budaya anti-                     BSI Group           11 Desember 2020-10                IABMS 738282
     2020 /       Manajemen Anti               37001:2016     penyuapan dalam sebuah                      Indonesia              Desember 2023 /
 December 11,     Penyuapan (SMAP)                            organisasi dan menerapkan                                        December 11, 2020 -
      2020        Divisi Corporate                            pengendalian yang tepat                                          December 10, 2023
                  Secretary dan Divisi                        sehingga dapat meningkatkan
                  Procurement / Anti-                         kesempatan untuk mendeteksi
                  Bribery Management                          dan mengurangi kejadian
                  System (SMAP)                               penyuapan sejak awal /
                  Certification for the                       Embedding an anti-bribery
                  Corporate Secretary                         culture within an organization
                  Division and                                and implementing appropriate
                  Procurement Division                        controls can increase the
                                                              chances of detecting and
                                                              mitigating incidents of bribery in
                                                              the first place




                                                                                                                 2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                           199
Page 202
                              Ikhtisar Kinerja               Laporan Manajemen       Profil Perusahaan               Tinjauan Unit Pendukung Bisnis
                              Performance Highlights         Management Report       Company Profile                 Overview on Business Supports




Penghargaan dan Sertifikasi
Awards and Certification


    Tanggal
                   Jenis, Bidang Atau           Nama                                                                                                      Dokumen
Dikeluarkannya
                    Area Sertifikasi /       Sertifikasi /                                               Pemberi /              Masa Berlaku /           Sertifikat /
  Sertifikasi /                                                     Kegunaan / Purpose
                   Type, Field, Or Area      Certification                                                Provider              Validity Period          Certificate
   Certificate
                     Of Certification           Name                                                                                                     Document
 Issuance Date
 12 Juli 2023 /   Tanda Sah Capaian           Tanda Sah      Menerangkan jumlah penggunaan          Kementerian               12 Juli 2023 - 11 Juli   5892/SJ-IND.8/
 July 12, 2023    Tingkat Komponen              Capaian      bahan baku dan material lainnya        Perindustrian            2026 / July 12, 2023 –     TKDN/7/2023
                  Dalam Negeri untuk             Tingkat     yang merupakan produk dalam               Republik                   July 11, 2026
                  Produk Klinker              Komponen       negeri / Explains the amount of         Indonesia /
                  Tipe 1 Curah / Valid       Dalam Negeri    use of raw materials and other          Ministry of
                  Sign of Domestic              (TKDN) /     materials which are domestic          Industry of the
                  Component Level              Valid Sign    products                                Republic of
                  Achievement for            of Domestic                                              Indonesia
                  Bulk Type 1 Clinker         Component
                  Products                        Level
                                             Achievement
                                                 (TKDN)
 12 Juli 2023 /   Tanda Sah Capaian           Tanda Sah      Menerangkan jumlah penggunaan          Kementerian               12 Juli 2023 - 11 Juli   5893/SJ-IND.8/
 July 12, 2023    Tingkat Komponen              Capaian      bahan baku dan material lainnya        Perindustrian            2026 / July 12, 2023 –     TKDN/7/2023
                  Dalam Negeri untuk             Tingkat     yang merupakan produk dalam               Republik                   July 11, 2026
                  Produk Semen                Komponen       negeri / Explains the amount of         Indonesia /
                  PCC Kemasan 50             Dalam Negeri    use of raw materials and other          Ministry of
                  kg / Valid Sign of            (TKDN) /     materials which are domestic          Industry of the
                  Domestic Component           Valid Sign    products                                Republic of
                  Level Achievement          of Domestic                                              Indonesia
                  for 50 kg PCC Cement        Component
                  Products                        Level
                                             Achievement
                                                 (TKDN)
 12 Juli 2023 /   Tanda Sah Capaian           Tanda Sah      Menerangkan jumlah penggunaan          Kementerian              12 Juli 2023 - 11 Juli    5894/SJ-IND.8/
 July 12, 2023    Tingkat Komponen              Capaian      bahan baku dan material lainnya        Perindustrian           2026 / July 12, 2023 –      TKDN/7/2023
                  Dalam Negeri untuk             Tingkat     yang merupakan produk dalam               Republik                  July 11, 2026
                  Produk Semen PCC            Komponen       negeri / Explains the amount of         Indonesia /
                  Curah / Valid Sign of      Dalam Negeri    use of raw materials and other          Ministry of
                  Domestic Component            (TKDN) /     materials which are domestic          Industry of the
                  Level Achievement            Valid Sign    products                                Republic of
                  for Bulk PCC Cement        of Domestic                                              Indonesia
                  Products                    Component
                                                  Level
                                             Achievement
                                                 (TKDN)
 12 Juli 2023 /   Tanda Sah Capaian           Tanda Sah      Menerangkan jumlah penggunaan          Kementerian              12 Juli 2023 - 11 Juli    5898/SJ-IND.8/
 July 12, 2023    Tingkat Komponen              Capaian      bahan baku dan material lainnya        Perindustrian           2026 / July 12, 2023 –      TKDN/7/2023
                  Dalam Negeri untuk             Tingkat     yang merupakan produk dalam               Republik                  July 11, 2026
                  Produk Semen OPC            Komponen       negeri / Explains the amount of         Indonesia /
                  Tipe I Curah / Valid       Dalam Negeri    use of raw materials and other          Ministry of
                  Sign of Domestic              (TKDN) /     materials which are domestic          Industry of the
                  Component Level              Valid Sign    products                                Republic of
                  Achievement for Bulk       of Domestic                                              Indonesia
                  Type I OPC Cement           Component
                  Products                        Level
                                             Achievement
                                                 (TKDN)
 12 Juli 2023 /   Tanda Sah Capaian           Tanda Sah      Menerangkan jumlah penggunaan     Kementerian                    12 Juli 2023 – 11 Juli   5899/SJ-IND.8/
 July 12, 2023    Tingkat Komponen              Capaian      bahan baku dan material lainnya   Perindustrian                 2026 / July 12, 2023 -     TKDN/7/2023
                  Dalam Negeri                   Tingkat     yang merupakan produk dalam     Republik Republic                    July 11, 2026
                  untuk Produk OPC            Komponen       negeri / Explains the amount of   of / Republic
                  I Kemasan 50 kg            Dalam Negeri    use of raw materials and other    of Industry of
                  / Valid Sign of               (TKDN) /     materials which are domestic     the Republic of
                  Domestic Component           Valid Sign    products                            Indonesia
                  Level Achievement          of Domestic
                  for OPC I Products in       Component
                  50 kg Packaging                 Level
                                             Achievement
                                                 (TKDN)




200         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 203
                       Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis         Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                                                                       Penghargaan dan Sertifikasi
                                                                                                         Awards and Certification


    Tanggal
                  Jenis, Bidang Atau            Nama                                                                                                              Dokumen
Dikeluarkannya
                   Area Sertifikasi /        Sertifikasi /                                             Pemberi /                Masa Berlaku /                   Sertifikat /
  Sertifikasi /                                                    Kegunaan / Purpose
                  Type, Field, Or Area       Certification                                              Provider                Validity Period                  Certificate
   Certificate
                    Of Certification            Name                                                                                                             Document
 Issuance Date
26 Agustus 2021 Tanda Sah Capaian            Tanda Sah       Menerangkan jumlah penggunaan      Kementerian                   26 Agustus 2021-                  LPA-3230/PK-
  / August 26,  Tingkat Komponen               Capaian       bahan baku dan material lainnya    Perindustrian                 25 Agustus 2024 /                 2439/PTKDN.
      2021      Dalam Negeri untuk              Tingkat      yang merupakan produk dalam      Republik Republic               August 26, 2021 –               DIPAINFRAS/VII/21
                Produk Mortar Acian          Komponen        negeri. / Explains the amount of   of / Republic                  August 25, 2024
                Abu-abu, Mortar             Dalam Negeri     use of raw materials and other     of Industry of
                Acian Putih / Valid            (TKDN) /      materials which are domestic      the Republic of
                Sign of Domestic              Valid Sign     products.                            Indonesia
                Component Level             of Domestic
                Achievement for              Component
                Gray Cladding Mortar,            Level
                White Cladding              Achievement
                Mortar Products                 (TKDN)
26 Agustus 2021 Tanda Sah Capaian            Tanda Sah       Menerangkan jumlah penggunaan            Kementerian             26 Agustus 2021-                  LPA-3231/PK-
  / August 26,  Tingkat Komponen               Capaian       bahan baku dan material lainnya          Perindustrian           25 Agustus 2024 /                 2439/PTKDN.
      2021      Dalam Negeri untuk              Tingkat      yang merupakan produk dalam                 Republik             August 26, 2021 -               DIPAINFRAS/VII/21
                Produk Mortar                Komponen        negeri. / Explains the amount of          Indonesia /             August 25, 2024
                Pasangan Bata &             Dalam Negeri     use of raw materials and other            Ministry of
                Plesteran/ Valid               (TKDN) /      materials which are domestic            Industry of the
                Sign of Domestic              Valid Sign     products.                                 Republic of
                Component Level             of Domestic                                                 Indonesia
                Achievement for Pair         Component
                Brick and Stucco                 Level
                Products                    Achievement
                                                (TKDN)
26 Agustus 2021 Tanda Sah Capaian            Tanda Sah       Menerangkan jumlah penggunaan            Kementerian             26 Agustus 2021-                  LPA-3232/PK-
  / August 26,  Tingkat Komponen               Capaian       bahan baku dan material lainnya          Perindustrian           25 Agustus 2024 /                 2439/PTKDN.
      2021      Dalam Negeri untuk              Tingkat      yang merupakan produk dalam                 Republik             August 26, 2021 -               DIPAINFRAS/VII/21
                Produk Mortar                Komponen        negeri. / Explains the amount of          Indonesia /             August 25, 2024
                Pasangan Bata               Dalam Negeri     use of raw materials and other            Ministry of
                Ringan, Mortar                 (TKDN) /      materials which are domestic            Industry of the
                Perekat Keramik               Valid Sign     products.                                 Republic of
                / Valid Mark of             of Domestic                                                 Indonesia
                Achievement                  Component
                of Domestic                      Level
                Component Level for         Achievement
                Lightweight Brick               (TKDN)
                Mortar Products,
                Ceramic Adhesive
                Mortar
26 Agustus 2021 Tanda Sah Capaian            Tanda Sah       Menerangkan jumlah penggunaan            Kementerian             26 Agustus 2021-                  LPA-3233/PK-
  / August 26,  Tingkat Komponen               Capaian       bahan baku dan material lainnya          Perindustrian           25 Agustus 2024 /                 2439/PTKDN.
      2021      Dalam Negeri                    Tingkat      yang merupakan produk dalam                 Republik             August 26, 2021 -               DIPAINFRAS/VII/21
                untuk Produk                 Komponen        negeri. / Explains the amount of          Indonesia /             August 25, 2024
                White Clay / Valid          Dalam Negeri     use of raw materials and other            Ministry of
                Sign of Domestic               (TKDN) /      materials which are domestic            Industry of the
                Component Level               Valid Sign     products.                                 Republic of
                Achievement for             of Domestic                                                 Indonesia
                White Clay Products          Component
                                                 Level
                                            Achievement
                                                (TKDN)




                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                          201
Page 204
                             Ikhtisar Kinerja             Laporan Manajemen     Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report     Company Profile     Overview on Business Supports




Daftar Alamat Entitas Anak, Kantor
Cabang Serta Kantor Perwakilan
List of Subsidiaries, Branch Offices and Representative
Offices Addresses

                                        Kantor Pusat & Pabrik Palembang / Head Office & Palembang Plant
Jl. Abikusno Cokrosuyoso Kertapati Palembang - 30258
Telepon / Phone : (+62) – 711 – 511261 (Hunting)
Fax : (+62) – 711 – 512126
Email : corsec.smbr@sig.id
                                                      Kantor Perwakilan / Representative Office
Jakarta                              Gedung Graha Irama Lt.9 Ruang B dan C Jl. H. R. Rasuna Said Kav. 10 Jakarta 12950 Indonesia
                                     Telepon / Phone : (+62) – 21 – 5261113 / 5261114
                                     Fax : (+62) – 21 – 5261411
                                                            Kantor Cabang / Branch Office
Baturaja                             Jl. Raya Tiga Gajah Baturaja Ogan Komering Ulu, Sumatra Selatan 32117
                                     Telepon / Phone : (+62) – 735 – 320344 / 320366 / 320368
                                     Fax : (+62) – 735 – 320367
Panjang                              Jl. Yos Sudarso KM 7 Panjang. Bandar Lampung 35243
                                     Telepon / Phone : (+62) – 721 – 31718 / 31818 / 31538
                                     Fax : (+62) – 721 – 31343
                                                               Entitas Anak / Subsidiary
PT Baturaja Multi Usaha              Jalan KH. Bastari Perumahan Ogan Permata Indah Blok DA 21 D - 21 F Jakabaring, Palembang
                                     Telepon / Phone : (+62) – 711 – 5541379




202        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 205
                    Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis   Good Corporate Governance          Corporate Social and Environmental Responsibility




Informasi Pada Situs Web Perusahaan
Information on the Company’s Website




Semen Baturaja memiliki situs web resmi sebagai salah satu                   Semen Baturaja’s official website, www.semenbaturaja.co.id,
sarana dalam memenuhi keterbukaan terhadap publik yang                       serves as a means to meet the public’s need for transparency
menyajikan informasi secara komunikatif dan ter-update                       and information disclosure. The website provides up-to-
mengenai Perusahaan sesuai dengan prinsip transparansi                       date and communicative information about the Company,
dan keterbukaan informasi bagi publik, melalui situs web                     which can be accessed easily and simply from anywhere,
resmi Perusahaan dengan alamat www.semenbaturaja.co.id.                      anytime. It aims to provide comprehensive, accurate and
Situs web ini merupakan portal resmi Perusahaan yang dapat                   actual information about the Company to a wide audience.
diakses secara terbuka, kapan saja, dan di mana saja, dengan                 The website is presented in two languages, Indonesian
mudah dan sederhana, dengan tujuan memberikan informasi                      and English, in accordance with Regulation POJK No. 8/
yang komprehensif, akurat dan aktual tentang Perusahaan                      POJK.04/2015, which governs Issuer websites and Public
kepada khalayak luas. Situs web resmi Perusahaan yang                        Companies. This regulation was established on June 25, 2015.
disajikan dengan dua bahasa, yaitu bahasa Indonesia dan
bahasa Inggris, juga telah sesuai dengan Peraturan Otoritas
Jasa Keuangan (POJK) No. 8/POJK.04/2015 tentang Situs
Web Emiten atau Perusahaan Publik yang telah ditetapkan
pada tanggal 25 Juni 2015, meliputi:




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                            Ikhtisar Kinerja              Laporan Manajemen      Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                            Performance Highlights        Management Report      Company Profile         Overview on Business Supports




Informasi Pada Situs Web Perusahaan
Information on the Company’s Website



1. Informasi Umum Emiten atau Perusahaan Publik;                              1. General information of Issuers or Public Companies;
2. Informasi bagi Pemodal atau Investor;                                      2. Information for investors;
3. Informasi Tata Kelola Perusahaan;                                          3. Corporate Governance Information;
4. Informasi Tanggung Jawab Sosial Perusahaan.                                4. Corporate Social Responsibility Information.


Penyediaan informasi tersebut juga sebagai implementasi                       The provision of information through Semen Baturaja’s official
prinsip keterbukaan dalam pengelolaan Perusahaan yang                         website is also in line with the principle of transparency
mengacu pada Undang-Undang No. 14 Tahun 2008 tanggal                          in managing the Company, as stipulated in Law No. 14 of
30 April 2008 tentang Keterbukaan Informasi Publik. Informasi                 2008 dated April 30, 2008, concerning Public Information
website Perusahaan adalah sebagai berikut:                                    Disclosure. Information on the Company’s website is as
                                                                              follows:
                                                         Ketersediaan /
           Uraian / Description                                                                      Keterangan / Information
                                                           Availability
Informasi pemegang saham sampai                                               • https://semenbaturaja.co.id/informasi-saham-dan-
dengan pemilik akhir individu / Shareholder                                     obligasi/
information to the final owner of the                                         • https://semenbaturaja.co.id/en/stock-bond-information/
individual
Isi Kode Etik / Code of Conduct Content                                       • https://semenbaturaja.co.id/pedoman-perilaku/
                                                                              • https://semenbaturaja.co.id/en/code-of-conduct-coc/
Informasi Rapat Umum Pemegang Saham                                           • https://semenbaturaja.co.id/rups/
(RUPS) paling kurang meliputi bahan mata                                      • https://semenbaturaja.co.id/en/general-meeting-of-
acara yang dibahas dalam RUPS, ringkasan                                        shareholders/
risalah RUPS, dan informasi tanggal
penting yaitu tanggal pengumuman RUPS,
tanggal pemanggilan RUPS, tanggal
RUPS, tanggal ringkasan risalah RUPS
diumumkan / Information on the General
Meeting of Shareholders (GMS) at least
includes the event material discussed in
the GMS, Summary of the Minutes of the
GMS, the date of the GMS announcement,
the GMS call date, the GMS date, the GMS




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                    Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis        Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                                            Informasi Pada Situs Web Perusahaan
                                                                         Information on the Company’s Website



                                                         Ketersediaan /
           Uraian / Description                                                                        Keterangan / Information
                                                           Availability
Laporan Keuangan Tahunan (5 tahun                                                • https://semenbaturaja.co.id/laporan-tahunan-dan-
terakhir) / Annual Financial Statement (last                                       keuangan/
5 years)                                                                         • https://semenbaturaja.co.id/en/annual-and-financial-
                                                                                   reports/
Profil Dewan Komisaris dan Direksi /                                             • https://semenbaturaja.co.id/dewan-komisaris/
Profile of Board of Commissioners and                                            • https://semenbaturaja.co.id/en/board-of-commissioners/
Board of Directors                                                               • https://semenbaturaja.co.id/direksi/
                                                                                 • https://semenbaturaja.co.id/en/board-of-directors/
Piagam/Charter Dewan Komisaris, Direksi,                                         • https://semenbaturaja.co.id/board-manual/
Komite-komite, dan Unit Audit Internal /                                         • https://semenbaturaja.co.id/en/board-manual/
Charter of Board of Commissioners, Board                                         • https://semenbaturaja.co.id/piagam-direksi/
of Directors, Committees, and Internal                                           • https://semenbaturaja.co.id/en/board-of-directors-
Audit Units                                                                        charter/
                                                                                 • https://semenbaturaja.co.id/piagam-komite-audit/
                                                                                 • https://semenbaturaja.co.id/en/charter-of-the-audit-
                                                                                   committee/
                                                                                 • https://semenbaturaja.co.id/piagam-komite-manajemen-
                                                                                   risiko/
                                                                                 • https://semenbaturaja.co.id/en/charter-of-the-risk-
                                                                                   management-committee/
                                                                                 • https://semenbaturaja.co.id/piagam-komite-nominasi-
                                                                                   dan-remunerasi/
                                                                                 • h t t p s : / /s e me nb at u ra j a .co. i d /e n/c h a r te r- of-t he -
                                                                                   remuneration-and-nomination-committee/
                                                                                 • https://semenbaturaja.co.id/piagam-satuan-
                                                                                   pengawasan-intern/
                                                                                 • https://semenbaturaja.co.id/en/internal-control-unit-
                                                                                   charter/

Keterangan:                                                                       Explanation:
   = Tersedia pada situs web Perusahaan                                                = Available on the Company’s website
   = Belum tersedia pada situs web Perusahaan                                          = Not yet available on the Company’s website


Lebih lanjut, semua informasi yang disajikan dalam website                        Furthermore, all information presented on Semen Baturaja’s
Perusahaan senantiasa diperbaharui secara berkala untuk                           website is regularly updated to provide the latest information
memberikan informasi ter-update bagi segenap pemangku                             to all stakeholders and the general public. In addition, the
kepentingan   maupun       masyarakat            umum.      Selain     itu,       Company also utilizes social media platforms, including
Perusahaan juga memiliki akun media sosial sebagai bagian                         Facebook, Instagram, Twitter, YouTube, and LinkedIn, to
dari keterbukaan informasi dan komunikasi kepada seluruh                          communicate and disclose information to all stakeholders.
pemangku kepentingan, di antaranya Facebook, Instagram,
Twitter, Youtube, dan LinkedIn.




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04
Page 209
Tinjauan Unit Pendukung Bisnis
     Overview on Business Supports
Page 210
                            Ikhtisar Kinerja              Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights        Management Report      Company Profile     Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)




        Perusahaan meyakini bahwa pengelolaan
        SDM yang dilakukan secara konsisten,
        dapat menciptakan SDM yang kompeten,
        andal, profesional, memiliki daya saing,
        tangguh, dan dapat beradaptasi terhadap
        setiap perkembangan yang terjadi pada
        lingkungan bisnis.
        The Company believes that consistent
        HR management can create HR that
        is competent, reliable, professional,
        competitive, tough and able to adapt in
        business environment.




Perusahaan    melakukan         pengembangan             Sumber        Daya   The Company carries out development of excellent and
Manusia (SDM) yang unggul dan berkualitas, dan disesuaikan                    quality Human Resources (HR), adapted to business
dengan kebutuhan serta perkembangan lingkungan bisnis.                        needs and developments. The Company always performs
Pengelolaan dan pengembangan kompetensi SDM yang tepat                        appropriate and continuous management and development
dan berkesinambungan, terus dilakukan Perusahaan dalam                        of HR competencies in developing quality and competent
mengembangkan talenta yang berkualitas dan berkompeten                        talents to remain adaptive to every change in the business
agar tetap adaptif terhadap setiap perubahan lingkungan                       environment. The Company realizes that excellent and
bisnis. Perusahaan menyadari bahwa SDM yang unggul,                           quality human resources are able to provide business
dan berkualitas mampu memberikan keberlanjutan usaha.                         sustainability. Therefore, the Company continues to carry
Oleh karena itu, Perusahaan terus melakukan berbagai                          out various programs to develop employee capabilities and
program untuk mengembangkan kapabilitas dan kompetensi                        competencies, to meet the Company's needs in facing every
karyawan, untuk memenuhi kebutuhan Perusahaan dalam                           development in the business environment.
menghadapi setiap perkembangan lingkungan bisnis.


Perusahaan     senantiasa        melakukan           pengelolaan        dan   The Company continuously carries out HR management and
pengembangan SDM yang terintegrasi dengan visi, misi, dan                     development integrated with its vision, mission and strategy
strategi. Perusahaan juga senantiasa berupaya untuk terus                     and improves the quality of HR management to support
melakukan peningkatan kualitas pengelolaan SDM agar dapat                     business development, while still referring to applicable
mendukung perkembangan bisnis, dengan tetap mengacu                           laws and regulations and HR management best practices
pada peraturan perundang-undangan dan best practices                          in domestic and international scope. The Company also




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                    Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis   Good Corporate Governance           Corporate Social and Environmental Responsibility




                                                                                            Sumber Daya Manusia (SDM)
                                                                                               Human Resources (HR)




pengelolaan SDM yang berlaku, baik itu domestik maupun                       continually reviews every HR management policy, and adapts
internasional. Perusahaan juga senantiasa melakukan                          it to the Company's business developments and dynamics.
pengkajian ulang terhadap setiap kebijakan pengelolaan
SDM, dan disesuaikan dengan perkembangan dan dinamika
bisnis Perusahaan


Lebih lanjut, Perusahaan bersama 9 BUMN Karya telah                          Furthermore, the Company has collaborated with 9 SOE
membentuk Indonesia Infrastructure Learning Institute (I2LI)                 Karya to establish the Indonesia Infrastructure Learning
yang berfokus pada pelatihan general school dan Indonesia                    Institute (I2LI) which offers general training and the
Infrastructure Research and Innovation Institute (I2RI) yang                 Indonesia Infrastructure Research and Innovation Institute
fokus pada riset dan inovasi. Dua lembaga ini berfungsi                      (I2RI) which focuses on research and innovation. These two
sebagai tempat pelatihan, pembelajaran, dan praktik,                         institutions serve as a platform for training, learning, and
untuk meningkatkan keahlian dan kompetensi SDM. Upaya                        practical experience, aimed at enhancing HR expertise and
tersebut dilakukan untuk menciptakan SDM yang unggul dan                     competence.
berkualitas.


Pengelolaan SDM dilakukan secara bertanggung jawab,                          HR management is carried out responsibly, and is aligned with
dan diselaraskan dengan penguasaan teknologi informasi.                      mastery of information technology. The Company has also
Perusahaan telah memanfaatkan perkembangan teknologi,                        embraced technological advancements by implementing a
dengan membuat aplikasi Knowledge Management System                          Knowledge Management System application as a platform for




                                                                                                  2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja              Laporan Manajemen      Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                            Performance Highlights        Management Report      Company Profile           Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)



sebagai media bagi karyawan untuk berbagi pengetahuan                         employees to share knowledge. The Company also maximizes
termasuk memaksimalkan E-Learning System sebagai                              the E-Learning System to reduce the need for physical
sarana untuk mengurangi training dengan pertemuan fisik.                      training meetings. Moreover, the Company has published a
Perusahaan juga telah menerbitkan Kamus Kompetensi                            Job Competency Dictionary which serves as a foundation for
Jabatan yang digunakan sebagai dasar pengelolaan SDM yang                     measurable and systematic HR management. The Dictionary
terukur dan sistematis. Kamus tersebut berisi tentang daftar                  comprises a list of criteria and types of all competencies
kriteria dan jenis seluruh kompetensi yang ada di Perusahaan,                 in the Company, including competency definitions and
beserta definisi kompetensi dan indikator perilaku untuk                      behavioral indicators for each skill/competence level. This
setiap level kecakapan/kompetensi. Hal tersebut dilakukan                     is done to provide the best results to continue strengthening
untuk memberikan hasil yang terbaik untuk terus memperkuat                    and improving the Company's performance in the future.
dan meningkatkan kinerja Perusahaan di masa mendatang.


STATISTIK SDM PERUSAHAAN                                                      COMPANY HR STATISTICS
Perusahaan senantiasa berupaya untuk memiliki SDM yang                        The Company always strives to have excellent, qualified,
unggul, dan berkualitas serta berkompeten di bidangnya                        and competent human resources in their respective fields.
masing-masing. Hingga 31 Desember 2023, Perusahaan                            As of December 31, 2023, the Company had 885 employees
memiliki sebanyak 885 Karyawan yang terdiri dari Karyawan                     consisting of 880 permanent employees or 99.43% of the total
Tetap sebanyak 880 orang atau mencapai 99,43% dari                            number of employees, and 5 contract employees or 0.57% of
keseluruhan jumlah karyawan, dan Karyawan Kontrak                             the total number of employees. The employee composition
sebanyak 5 orang atau mencapai 0,57% dari keseluruhan                         consists of 735 male employees and 145 female employees.
jumlah karyawan. Komposisi karyawan terdiri dari sebanyak
735 karyawan laki-laki, dan sebanyak 145 Karyawan
perempuan.


Informasi statistik SDM Perusahaan di tahun 2023 adalah                       Information on Company HR statistics in 2023 is as follows:
sebagai berikut:


           Karyawan Berdasarkan Status Kepegawaian                                                   Karyawan Berdasarkan Gender
                Employees Based on Employment Status                                                    Employees Based on Gender
                             (orang / people)                                                                  (orang / people)


        880                                                                         145




                                                             5                                                                              735




      Karyawan Tetap /                       Karyawan Kontrak /                                       Laki-laki /             Perempuan /
      Permanent Employees                    Contract Employees                                       Male                    Female




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                    Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis   Good Corporate Governance             Corporate Social and Environmental Responsibility




                                                                                            Sumber Daya Manusia (SDM)
                                                                                               Human Resources (HR)



ORGANISASI PENGELOLA SDM PERUSAHAAN                                          HR MANAGEMENT ORGANIZATION
Dalam implementasinya, pengelolaan SDM di lingkungan                         HR management at the Company is carried out by the
Perusahaan dilakukan oleh Department of Human Resource                       Department of Human Resource & General Affairs led by
& General Affair yang dikepalai oleh VP of Human Resource                    the VP of Human Resource & General Affairs and is directly
& General Affair dan bertanggung jawab langsung kepada                       responsible to the Director (Finance and HR Function).
Direktur (Fungsi Keuangan dan SDM).


Berdasarkan Surat Keputusan Direksi No.PH.01.04/031/2023                     Based on Board of Directors Decree No.PH.01.04/031/2023
tanggal 01 Juni 2023 Perusahaan mengangkat Fitria                            dated June 1, 2023, the Company appointed Fitria Margaretha
Margaretha sebagai VP of Human Resource & General Affair.                    as VP of Human Resource & General Affairs.


Informasi struktur organisasi Department of Human Resource                   Information on the organizational structure of the Department
& General Affair di tahun 2023 adalah sebagai berikut:                       of Human Resources & General Affairs in 2023 is as follows:
Struktur Organisasi Department of Human Resource &                           Department of Human Resources & General Affairs
General Affair Tahun 2023                                                    Organizational Structure in 2023


                                                         Direktur (Fungsi Keuangan &
                                                                     SDM)
                                                          Director (Finance & Human
                                                                   Resource)



                                                               Fitria Margaretha

                                                          VP of Human Resource &
                                                               General Affair




                            Andika Lestantyo
                                                              Neny Astriningtyas                           Robby Santoso
                          SM of HR Strategy &
                                                              SM of HR Operation                        SM of General Affair
                             Development




TUGAS DAN TANGGUNG JAWAB                                                     DUTIES AND RESPONSIBILITIES
Di dalam lingkup Perusahaan, Department of Human                             At the Company, the Department of Human Resources &
Resource & General Affair memiliki tugas dan tanggung                        General Affairs has the duties and responsibilities to manage
jawab untuk mengelola sumber daya manusia Perusahaan,                        the Company's human resources, including meeting needs
termasuk dalam memenuhi kebutuhan ataupun melakukan                          or developing employee competencies. The duties and
pengembangan kompetensi karyawan. Tugas dan tanggung                         responsibilities of the Department of Human Resources &
jawab Department of Human Resource & General Affair,                         General Affairs are as follows:
adalah sebagai berikut:
1. Mengelola, mengawasi dan mengevaluasi perancangan                         1. Manage, supervise and evaluate the design of Human
   kebijakan & prosedur Human Resource dan General Affair.                         Resources and General Affair policies & procedures.
2. Pengembangan kurikulum serta transfer pengetahuan                         2. Curriculum development and knowledge transfer.
3. Operasional SDM dan informasi kepegawaian                                 3. HR operations and personnel information.
4. Tata kelola aset perusahaan                                               4. Governance of Company assets.
5. Penyediaan alat bantu kerja dan fasilitas pendukung                       5. Provide work aids and office support facilities to support
   kantor agar mendukung aktivitas operasional perusahaan                          the Company's operational activities.




                                                                                                    2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan           Tinjauan Unit Pendukung Bisnis
                            Performance Highlights         Management Report      Company Profile             Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)



6. Sesuai dengan tujuan bisnis dan kebijakan perusahaan                        6. Support employee effectiveness and organizational
   untuk mendukung efektivitas karyawan dan pertumbuhan                           growth in line with business objectives and Company
   organisasi                                                                     policies.


PROGRAM STRATEGIS PENGELOLAAN SDM                                              HR MANAGEMENT STRATEGIC PROGRAM IN 2023
TAHUN 2023
Pengelolaan     SDM      dilakukan         dengan        bijaksana       dan   HR management is carried out wisely and responsibly with
bertanggung jawab. Pengelolaan SDM ini dilakukan dengan                        the aim of improving and developing employee capabilities
tujuan untuk meningkatkan dan mengembangkan kapabilitas                        and competencies to encourage and increase the Company's
dan kompetensi karyawan sehingga dapat mendorong dan                           performance growth in short, medium and long term.
meningkatkan pertumbuhan kinerja Perusahaan, baik dalam
jangka pendek, menengah, maupun jangka panjang.


Pengelolaan SDM yang dilakukan Perusahaan, berpedoman                          HR management at the Company is guided by regulations
pada regulasi, dan best practices yang berlaku di lingkup                      and best practices that apply within the scope of SMBR. The
SMBR. Perusahaan meyakini bahwa pengelolaan SDM yang                           Company believes that consistent HR management can create
dilakukan secara konsisten, dapat menciptakan SDM yang                         HR that is competent, reliable, professional, competitive,
kompeten, andal, profesional, memiliki daya saing, tangguh,                    tough and able to adapt in business environment.
dan dapat beradaptasi terhadap setiap perkembangan yang
terjadi pada lingkungan bisnis.


Program strategis pengelolaan SDM Perusahaan di tahun                          The Company's HR management strategic program in 2023
2023 memiliki fokus pengembangan sebagai berikut:                              has the following development focus:
1. Program Pengembangan Talenta                                                1. Talent Development Program
   Perusahaan menginisiasi program pengembangan talenta                           The Company’s talent development program includes
   meliputi Profiling Assessment, Management Development                          Profiling           Assessment,            Management           Development
   Program (MDP), Sertifikasi Profesi dan Making Digital                          Program (MDP), Professional Certification, and Digital
   Talent. Tujuan dari program pengembangan talenta                               Talent. The program aims to achieve the following
   adalah sebagai berikut:                                                        objectives:
   a. Mendapatkan Profiling Talent Pool (Peta Profiling                           a. Prepare Talent Pool Profiling Map
       Talent Pool).
   b. Pelaksanaan Inhouse Training, External Training,                            b. Inhouse            and       External            Training,   Professional
       Sertifikasi Profesi, Studi Banding dan Management                                Certification, Comparative Studies, and Management
       Development Program tahun 2022 (Training Hours 25                                Development Program in 2022 (Training Hours 25
       jam/karyawan/tahun).                                                             hours/employee/year)
   c. Melaksanakan Program Digital Talent bersinergi                              c. Implementation of Digital Talent Program in synergy
       dengan ITDRI Telkom (Talent Digital SMBR 5% dari                                 with ITDRI Telkom (Digital Talent SMBR 5% of the
       tenaga kerja).                                                                   workforce)
2. Transformasi Budaya Unified Performance Driven                              2. Unified Performance Driven Cultural Transformation
   (Internalization Program)                                                      (Internalization Program)
   Dalam rangka penerapan culture AKHLAK, meningkatkan                            In order to implement the AKHLAK culture, increase
   kolaborasi dan sinergi di lingkungan Semen Indonesia Grup,                     collaboration and synergy within the Semen Indonesia
   perusahaan melakukan pengukurna Culture Readiness                              Group environment, the Company measures Culture
   yaitu dengan cara melaksanakan program Employee                                Readiness, namely by implementing the Employee




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                     Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis           Good Corporate Governance             Corporate Social and Environmental Responsibility




                                                                                                      Sumber Daya Manusia (SDM)
                                                                                                         Human Resources (HR)



   Engagement Survey dan AKHLAK Survey kepada seluruh                                       Engagement Survey and AKHLAK Survey programs for
   karyawan SMBR untuk melihat keberhasilan penerapan                                       all SMBR employees to see the success of implementing
   AKHLAK di lingkungan SIG.                                                                AKHLAK in the SIG environment.
3. Pengembangan System Management Talenta                                             3. Talent Management System Development
   Perusahaan telah melakukan pengembangan pada sistem                                      The Company has developed a talent management
   manajemen talenta. Adapun sistem yang dikembangkan                                       system. The system includes development of competency
   meliputi   pengembangan              sistem            uji   kompetensi,                 test system, measurement of individual competence, and
   pengukuran kompetensi individu, dan pengaturan pola                                      setting employee career patterns.
   karir karyawan.
4. SMBR GO 3T                                                                         4. SMBR GO 3T
   Program pengembangan SDM ini dilakukan dengan                                            This HR development program is carried out by optimizing
   melakukan optimalisasi kinerja dengan menargetkan                                        performance by targeting total productivity. The Company
   jumlah produktivitas. Perusahaan telah menargetkan agar                                  has targeted that its human resources will be able to
   SDM yang dimiliki mampu meningkatkan produktivitas                                       increase productivity by 2,500 tones/employee per year.
   sebesar 2.500 ton/karyawan per tahun.
5. Review Sistem dan Regulasi Kesejahteraan                                           5. Welfare Systems and Regulations Review
   Perusahaan melakukan review terhadap sistem dan                                          The Company reviews systems and regulations for worker
   regulasi untuk kesejahteraan pekerja. Review ini                                         welfare with the aim of achieving an employee satisfaction
   dilakukan dengan tujuan mencapai indeks kepuasan dan                                     and engagement index while meeting employee welfare
   keterikatan karyawan. Sehingga kesejahteraan pekerja                                     and realizing positive performance for the Company's
   terpenuhi, dan diharapkan kan menghasilkan kinerja yang                                  growth.
   baik untuk pertumbuhan Perusahaan.
6. Perekrutan Karyawan Disabilitas sesuai Kualifikasi                                 6. Recruitment of Disabled Employees according to
   Kebutuhan                                                                                Qualification Needs
   Perusahaan menerapkan program perekrutan untuk                                           The Company implements a recruitment program for
   karyawan disabilitas yang memenuhi kualifikasi, dan                                      employees with disabilities who meet the qualifications,
   disesuaikan dengan kebutuhan Perusahaan. Perekrutan                                      and is adjusted to the Company's needs. This is a
   karyawan disabilitas ini merupakan program yang bekerja                                  collaboration with the Ministry of SOE and the Indonesian
   sama dengan Kementerian BUMN dan Forum Human                                             Human Capital Forum with a target of 2% of administrative
   Capital Indonesia dengan target penyandang disabilitas                                   employees with disabilities.
   sebesar 2% dari karyawan administrasi.
7. Program Karyawan Employee On Duty (EOD)                                            7. Employee On Duty (EOD) Program
   Perusahaan melaksanakan program karyawan Employee                                        The Company implements the Employee on Duty employee
   on Duty ke seluruh induk dan anak usaha di ruang lingkup                                 program to all parent and subsidiary businesses within
   Semen Indonesia Group. Program ini diharapkan dapat                                      the Semen Indonesia Group. This program is expected to
   meningkatkan produktivitas dan kompetensi karyawan.                                      increase employee productivity and competence.


MANAJEMEN SUMBER DAYA MANUSIA                                                         HUMAN RESOURCE MANAGEMENT
Perusahaan melakukan manajemen SDM berdasarkan                                        The Company manages its HR by adhering to Law No. 6 of
Undang-Undang No. 6 Tahun 2023 tentang Penetapan                                      2023 concerning the Stipulation of Government Regulations
Peraturan Pemerintah Pengganti Undang-Undang No. 2                                    in Lieu of Law No. 2 of 2022 concerning Job Creation to
Tahun 2022 tentang Cipta Kerja menjadi Undang-Undang.                                 Become Law. The Company comprehensively manages HR
Perusahaan secara komprehensif melakukan pengelolaan                                  by implementing a comprehensive system at every stage,
SDM dengan menerapkan sistem yang menyeluruh pada                                     starting from manpower planning, employee recruitment to




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja                 Laporan Manajemen        Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights           Management Report        Company Profile     Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)



setiap tahapan, mulai dari manpower planning, perekrutan                          pension programs for employees who are about to or have
karyawan hingga program pensiun untuk karyawan yang                               entered retirement. The Company also strives to fulfill the
akan atau sudah memasuki masa pensiun. Perusahaan juga                            rights of employees, and also carries out industrial relations
berupaya untuk dapat memenuhi hak-hak para karyawan,                              with employees. These efforts are made to realize the
dan juga menjalankan hubungan industrial dengan karyawan.                         Company's business sustainability in the future.
Upaya tersebut dilakukan untuk mewujudkan keberlanjutan
usaha Perusahaan di masa mendatang.


Program pengelolaan SDM di lingkup Perusahaan, telah                              The HR management program at the Company has been
dilakukan sesuai dengan perkembangan dan kebutuhan                                carried out in accordance with the Company's developments
Perusahaan.    Selain     itu,     segenap           Insan    SMBR         juga   and needs. In addition, all SMBR personnel are emphasized to
ditekankan untuk dapat saling bersinergi sesuai dengan arah                       synergize with each other in accordance with the direction
perkembangan bisnis Perusahaan. Lebih lanjut, Perusahaan                          of the Company's business development. Furthermore, the
diharapkan dapat mewujudkan lingkungan kerja yang                                 Company is expected to create a conducive work environment.
kondusif. Dalam implementasinya, Perusahaan menerapkan                            In its implementation, the Company has a culture of "AKHLAK"
budaya “AKHLAK”, baik dalam bersikap maupun berperilaku                           in attitude and behavior for its functions inside and outside
ketika menjalankan fungsinya, baik di dalam maupun di luar                        the Company's environment.
lingkungan Perusahaan.


•   Manpower Planning                                                             •   Manpower Planning
    Manpower planning merupakan serangkaian kegiatan,                                 Manpower planning is a series of activities, starting
    yaitu mulai dari identifikasi, evaluasi, hingga membuat                           from identification, evaluation, to making plans to fulfill
    perencanaan      pemenuhan              kebutuhan          SDM        yang        HR needs that are in line with business developments
    sejalan dengan perkembangan bisnis, dan kebutuhan                                 and Company needs. Furthermore, the Company carries
    Perusahaan. Lebih lanjut, Perusahaan akan melakukan                               out regular monitoring/review of the fulfillment of
    monitoring/reviu secara berkala terhadap pemenuhan                                HR needs. In its implementation, the Company pays
    kebutuhan SDM. Dalam implementasinya, Perusahaan                                  attention to aspects of Good Corporate Governance and
    memperhatikan aspek-aspek Tata Kelola Perusahaan                                  the principle of equality in every implementation of the
    yang Baik, dan prinsip kesetaraan di setiap pelaksanaan                           employee fulfillment process. This is done to find and
    proses pemenuhan karyawan. Hal tersebut dilakukan                                 have competent human resources in their respective
    untuk mencari dan memiliki SDM yang kompeten di                                   fields, and it is hoped that they will be able to support
    bidangnya masing-masing, dan diharapkan mampu                                     the Company's business development, as well as face the
    mendukung pengembangan bisnis Perusahaan, serta                                   dynamics of business development in the future.
    menghadapi dinamika perkembangan bisnis di masa
    mendatang.


•   Program Rekrutmen Karyawan                                                    •   Employee Recruitment Program
    Program    rekrutmen         karyawan            dilakukan        dengan          The employee recruitment program is carried out by
    menjunjung tinggi prinsip kesetaraan. Perusahaan                                  upholding the principle of equality. The Company will
    akan memberikan kesempatan yang sama kepada                                       provide equal opportunities to prospective employees
    calon karyawan tanpa membedakan suku, agama, ras,                                 without distinction of ethnicity, religion, race, and class.
    dan golongan. Perusahaan berkomitmen melakukan                                    The Company is committed to recruiting employees
    rekrutmen karyawan secara bertanggung jawab dan                                   responsibly and in accordance with applicable laws and
    sesuai dengan peraturan prundang-undangan yang                                    regulations.
    berlaku.




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                Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                Management Discussion and Analysis   Good Corporate Governance             Corporate Social and Environmental Responsibility




                                                                                        Sumber Daya Manusia (SDM)
                                                                                           Human Resources (HR)



Selain itu, Perusahaan memiliki beberapa program untuk                         In addition, the Company has several programs to recruit
menjaring Insan Perusahaan yang berdaya saing tinggi                           Company Personnel who are highly competitive and
dan mampu menghadapi tantangan lingkungan bisnis                               able to face the challenges of an ever-evolving business
yang senantiasa berkembang. Calon karyawan yang                                environment. Prospective employees who have gone
telah melalui proses rekrutmen harus mengikuti program                         through the recruitment process must take part in an
induksi sebagai persiapan sebelum memasuki dunia kerja.                        induction program as preparation before entering the
Program ini diharapkan dapat memberikan pengetahuan                            world of work. This program is expected to provide initial
awal kepada calon karyawan. Sehingga calon karyawan                            knowledge to prospective employees. Thus, prospective
lebih siap untuk memasuki dunia kerja, serta berpeluang                        employees are better prepared to work and have the
menjadi karyawan yang mumpuni. Hal ini dilakukan untuk                         opportunity to become qualified employees. This is also
menunjang pencapaian sasaran Perusahaan, baik jangka                           to support the achievement of the Company's short and
pendek maupun jangka panjang.                                                  long term targets.


Tahapan Program Induksi                                                  Induction Program Stages
  Tahapan / Stage                                                            Tujuan / Objective
Pembinaan Mental,        Kegiatan ini diadakan bertujuan untuk:         This activity was held aiming to:
Fisik, dan Disiplin      • Membentuk       kedisiplinan   yang  tinggi, • Forming high discipline, forming ethics
/ Mental, Physical,        membentuk etika dan sopan santun agar          and manners so that they can respect their
Disciplinary               dapat menghargai para seniornya.               seniors.
Coaching                 • Membentuk pribadi yang tangguh secara fisik • Forming a strong personality physically and
                           dan mental.                                    mentally.
                         • Mampu memupuk rasa kebersamaan.              • Being able to foster a sense of togetherness.
                         • Memiliki loyalitas yang tinggi kepada • Having high loyalty to the Company.
                           Perusahaan.
Motivation Training      Training motivasi didesain untuk membantu Motivational training is designed to assist the
                         Perusahaan sebagai upaya meningkatkan Company as an effort to improve the ability of
                         kemampuan karyawannya dalam hal memotivasi its employees in terms of motivating themselves
                         diri secara efektif. Karyawan yang mampu effectively. Employees who are able to grow self-
                         menumbuhkan motivasi diri secara efektif akan motivated effectively will greatly affect daily
                         sangat mempengaruhi kehidupan kerja sehari- work life and job satisfaction. With this ability,
                         hari dan kepuasan kerja. Dengan kemampuan the enthusiasm of employees will be fostered
                         tersebut, akan terpupuk semangat karyawan in achieving and continuing to strive to get the
                         dalam berprestasi dan terus berusaha untuk best results.
                         memetik hasil terbaik.




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                            Ikhtisar Kinerja                Laporan Manajemen        Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights          Management Report        Company Profile     Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)



      Tahapan / Stage                                                               Tujuan / Objective
    In Class Training    • Training umum ditujukan untuk memberikan • General training is intended to provide an
    (Training Umum         gambaran umum tentang sejarah Perusahaan,       overview of the Company’s history, functions
    dan Training Dasar)    fungsi dan tugas di unit kerja serta hubungan   and duties in work units and organizational
    / In-Class Training    organisasi    dalam     struktur     organisasi relations within the Company’s organizational
    consisting of          Perusahaan.                                     structure.
    General Training and • Training dasar bertujuan memberikan • Basic training aims to provide understanding
    Basic Training         pemahaman kepada calon karyawan dari            to prospective employees from the mining
                           proses penambangan bahan mentah hingga          process of raw materials to the final product
                           ke produk akhir berupa Semen Zak, Bag,          in the form of Zak, Bag and Bulk Cement. In
                           dan Curah. Selain itu, calon karyawan juga      addition, prospective employees are also
                           diberikan pemahaman tentang pengendalian        provided an understanding of the quality
                           kualitas mutu proses produksi maupun            control of the quality of the production process
                           kualitas produk yang akan dijual ke konsumen.   and the quality of the products that will be
                           Dengan instruktur yang berkompeten di           sold to consumers. With instructors who
                           bidangnya, kegiatan training dasar diharapkan   are competent in their fields, basic training
                           mampu memberikan wawasan kepada calon           activities are expected to be able to provide
                           karyawan sebelum terjun ke dunia kerja dan      insight to prospective employees before
                           memahami alur proses pembuatan semen.           entering the world of work and understand the
                                                                           flow of the cement manufacturing process.
    Tahapan Pembinaan • On the job training atau magang bertujuan • On the job training or apprenticeship aims
    & Pengembangan          untuk memperkenalkan ke dalam dunia kerja   to introduce into the real world of work then
    (On the Job Training,   yang sesungguhnya maka dilaksanakanlah      carried out on the job training in each work
    dan Masa Percobaan      on the job training di masing-masing unit   unit with the hope that prospective employees
    Calon Karyawan)         kerja dengan harapan calon karyawan dapat   will be able to throughly know the activities in
    / Coaching and          mengenal secara menyeluruh kegiatan di      the work unit and be able to make a maximum
    Development Stage       unit kerja dan mampu memberikan kontribusi  contribution in achieving strategic goals
    consisting of On the    yang maksimal di dalam mencapai sasaran     Company.
    Job Training and        strategis Perusahaan.
    Probation Period      • Masa percobaan calon karyawan merupakan • The probationary period for prospective
    of Prospective          tahapan di mana calon karyawan diberikan    employees is a stage where prospective
    Employee                tugas khusus berupa tulisan yang merupakan  employees are given special assignments
                            bentuk pemahaman dan penguasaan dari        in the form of writing which is a form of
                            calon karyawan terhadap fungsi dan tugas    understanding and mastery of the prospective
                            yang ada di unit kerja. Bagi calon karyawan employees regarding the functions and tasks
                            tingkat S1 dan D3 tugas khusus yang dibuat  in the work unit. For prospective employees
                            merupakan suatu bentuk inovasi dan/atau     at the S1 and D3 levels, special assignments
                            improvement terhadap suatu peralatan dan/   made are a form of innovation and/or
                            atau sistem yang ada untuk meningkatkan     improvement to an existing equipment and/
                            performa peralatan maupun kesempurnaan      or system to improve equipment performance
                            suatu sistem. Sedangkan untuk tingkat SMA/  and perfection of a system. Meanwhile, at the
                            SMK hanya membuat tulisan berupa laporan    high school/vocational school level, they only
                            kegiatan selama orientasi di unit kerja.    write in the form of activity reports during
                                                                        orientation in work units.


    Di tahun 2023, Perusahaan tidak melakukan program                                In 2023, the Company did not recruit new employees.
    rekrutmen karyawan.


•   Program Kesejahteraan bagi Karyawan                                         •    Employee Welfare Program
    Perusahaan memiliki program kesejahteraan untuk                                  The Company’s welfare programs for employees are
    karyawan yang telah disesuaikan dengan peraturan                                 designed in accordance with applicable laws and
    perundang-undangan              yang             berlaku.      Program           regulations, with a focus on gender equality, eligibility,




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                  Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan yang Baik           Tanggung Jawab Sosial dan Lingkungan
                  Management Discussion and Analysis             Good Corporate Governance                  Corporate Social and Environmental Responsibility




                                                                                                          Sumber Daya Manusia (SDM)
                                                                                                             Human Resources (HR)



kesejahteraan bagi karyawan yang diterapkan dengan                                         and fair employment opportunities. The Company is
memperhatikan kesetaraan gender, kelayakan dan                                             committed to fulfilling the welfare needs of its employees,
keadilan kesempatan kerja. Perusahaan berkomitmen                                          as stated in the Collective Labor Agreement (CLA)
dalam memenuhi kesejahteraan karyawan, komitmen                                            document between the Company and its employees.
tersebut tertuang dalam dokumen Perjanjian Kerja                                           The CLA outlines the following welfare programs for
Bersama (PKB) antara Perusahaan dengan karyawan,                                           employees:
yang memuat pemenuhan kesejahteraan bagi karyawan.
Bentuk kesejahteraan yang diberikan Perusahaan kepada
karyawan meliputi:
1. Pakaian seragam kerja;                                                                  1. Work uniforms;
2. Jaminan kesehatan bagi karyawan dan keluarga;                                           2. Health insurance for employees and their families;
3. Tunjangan hari raya keagamaan;                                                          3. Religious holiday allowance;
4. Tunjangan kinerja;                                                                      4. Performance allowances;
5. Bonus;                                                                                  5. Bonuses;
6. Perumahan dan kendaraan dinas;                                                          6. Housing and official vehicles;
7. Pembinaan kerohanian, olahraga dan kesenian;                                            7. Spiritual, sports and arts development;
8. Medical Check Up (MCU);                                                                 8. Medical Check Up (MCU);
9. Tanda jasa dan penghargaan;                                                             9. Service marks and awards;
10. Pernikahan karyawan pria dengan karyawan wanita,                                       10. Weddings for male employees and female employees,
   dan hadiah pernikahan untuk karyawan;                                                            and wedding gifts for employees;
11. Jaminan sosial tenaga kerja/badan penyelenggara                                        11. Manpower social security/workforce social security
   jaminan sosial ketenagakerjaan;                                                                  administering agency;
12. Uang duka;                                                                             12. Funeral money;
13. Tunjangan penghargaan (Masa Persiapan Pensiun);                                        13. Award allowance (Retirement Preparation Period);
   dan                                                                                              and
14. Koperasi karyawan.                                                                     14. Employee cooperative.


Perusahaan juga memberikan pemenuhan terhadap                                              The Company also provides compliance with employee
remunerasi       karyawan.            Perusahaan            menyadari,                     remuneration. The Company realizes that providing
bahwa pemberian remunerasi yang sepadan dapat                                              commensurate remuneration can increase employee
meningkatkan keterikatan karyawan, sehingga dapat                                          engagement, thereby increasing productivity so that
meningkatkan      produktivitas            agar        bekerja       secara                they work optimally to achieve the targets that have been
maksimal untuk mencapai target yang telah ditetapkan                                       set for the Company's development and progress. The
guna     perkembangan          dan       kemajuan          Perusahaan.                     Company is committed to implementing a fair and equal
Perusahaan berkomitmen untuk melaksanakan kebijakan                                        remuneration policy for both male and female employees
remunerasi secara adil dan setara, baik bagi karyawan                                      at all levels of position.
laki-laki dan perempuan di seluruh level jabatan.


Secara berkala, Perusahaan senantiasa melaporkan                                           The Company. regularly reports on its workforce to
mengenai tenaga kerja yang ada di SMBR kepada instansi                                     government agencies, such as the Manpower Office at
Pemerintah, yaitu kepada Dinas Tenaga Kerja (Disnaker)                                     the city and provincial levels. Additionally, the Company.
di tingkat Kota dan Provinsi. Perusahaan juga melakukan                                    frequently engages in discussions with the Manpower
diskusi dengan Disnaker, dan gabungan serikat pekerja                                      Office and labor unions to establish fair wage standards
mengenai penentuan standar upah pekerja.                                                   for its workers.




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                             Ikhtisar Kinerja             Laporan Manajemen            Profil Perusahaan          Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report            Company Profile            Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)



    Perusahaan senantiasa berupaya untuk memberikan                                    The Company endeavors to provide its employees with
    kompensasi bulanan pekerjaan yang sesuai, dan                                      monthly compensation that is commensurate with their
    mengupayakan imbal jasa terbaik melebihi ketentuan                                 work, and aims to provide the best compensation possible
    perundang-undangan atau Upah Minimum Regional                                      beyond what is required by law or the Regional Minimum
    (UMR) serta sesuai kemampuan Perusahaan, dengan                                    Wage (UMR), taking into account the Company’s financial
    tidak memberatkan jam kerja karyawan. Adapun nilai                                 capabilities and without imposing additional burden on
    persentase imbal jasa terendah yang dikeluarkan oleh                               employees’ working hours. The percentage of the lowest
    Perusahaan dibandingkan UMR pada wilayah operasi                                   compensation offered by the Company compared to the
    Perusahaan, adalah sebagaimana terlampir berikut ini.                              minimum wage in its operating area is as follows.


    Perbandingan Imbal Jasa yang Diberikan Perusahaan                                  Comparison of Compensation for Services Provided
    dengan UMR di Wilayah Operasi Perusahaan Tahun 2023                                by Companies with UMR in the Company’s Operational
                                                                                       Areas in 2023
                                                                                                           Imbal Jasa Di SMBR (Rp)                 Persentase (%) /
                           Lokasi / Location                                       UMR (Rp)
                                                                                                             Salary at SMBR (Rp)                    Percentage (%)
    Site Palembang                                                                      3.541.082                              7.331.730                       207,05%
    Site Baturaja                                                                       3.404.177                             7.302.610                        214,52%
    Site Panjang                                                                        2.991.349                              7.331.730                       245,10%
    Kantor Perwakilan Jakarta / Jakarta Representative Office                           4.901.798                            10.637.270                        217,01%



•   Penilaian Kinerja Karyawan                                                     •   Employee Performance Assessment
    Berdasarkan         Surat         Keputusan           Direksi        No.           Based on Board of Directors Decree No. PH.01.04/087/2023
    PH.01.04/087/2023            tentang              Pembinaan         dan            on HR Development and Development, the Company
    Pengembangan SDM, Perusahaan melaksanakan program                                  implements a performance assessment program for
    penilaian kinerja bagi karyawan yang dibagi atas 3 (tiga)                          employees which is divided into 3 (three) parameters,
    parameter, yaitu Sasaran Kerja/KPI dengan bobot 50%,                               namely Work Targets/KPIs of 50%, Competencies of
    Kompetensi dengan bobot 30%, dan Disiplin/Kehadiran                                30%, and Discipline/Attendance of 20%. The Company
    yang berbobot 20%. Perusahaan senantiasa menerapkan                                always implements a performance assessment program
    program penilaian kinerja bagi karyawan, yang dilakukan                            for employees, which is carried out consistently
    secara konsisten dan terukur, sebagai dasar dalam                                  and measurably, as a basis for preparing employee
    penyusunan rencana pengelolaan dan pengembangan                                    management and development plans to improve the
    karyawan guna meningkatkan kinerja Perusahaan.                                     Company's performance.


    Parameter Penilaian Kinerja Karyawan                                               Employee Performance Assessment Parameters
                                                                                                                                                   Bobot Penilaian /
      No            Parameter                                                 Uraian / Description
                                                                                                                                                   Assessment Value
                                           Penilaian KPI individu karyawan adalah khusus untuk karyawan setingkat staf
                                           yaitu menetapkan sasaran (tujuan) yang dilakukan secara bersama-sama
            Sasaran Kerja/KPI              oleh atasan dan bawahan dengan mengacu pada sasaran unit kerja setiap
       1    / Key Performance              periode tertentu. / The individual employee KPI assessment is specifically                                    50%
            Indicator (KPI)                designed for staff-level employees. It involves setting goals (objectives) that
                                           are jointly established by superiors and subordinates, with reference to work
                                           unit targets for each specific period.




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                            Management Discussion and Analysis        Good Corporate Governance             Corporate Social and Environmental Responsibility




                                                                                                           Sumber Daya Manusia (SDM)
                                                                                                              Human Resources (HR)



                                                                                                                                                        Bobot Penilaian /
         No           Parameter                                                   Uraian / Description
                                                                                                                                                        Assessment Value
                                                Aspek yang dinilai pada penilaian kompetensi adalah nilai budaya Perusahaan
               Penilaian Kompetensi
                                                dengan bobot masing-masing 25%. / The competency assessment evaluates
         2     / Competency                                                                                                                                     30%
                                                several aspects, including the corporate cultural values, which carry a weight
               Assessment
                                                of 25% each.
                                     Penilaian disiplin menimbang hal-hal seperti kehadiran, izin, sakit tanpa
                                     keterangan dokter, mangkir, dan terlambat. Batasan toleransi untuk
                                     keterlambatan kehadiran adalah 5 (lima) menit dan maksimum toleransi
               Penilaian Disiplin /  sebanyak 3 (tiga) kali dalam sebulan. / The disciplinary assessment takes into
         3                                                                                                                                                      20%
               Discipline Assessment account various factors such as attendance, permission, illness without a
                                     doctor’s statement, absenteeism, and tardiness. Late attendance is tolerated
                                     up to 5 (five) minutes, and the maximum allowable number of late arrivals is
                                     three times a month.
                                                                 Jumlah / Total                                                                                 100%



    Penilaian kinerja bagi karyawan, dilakukan oleh tim/                                        Performance assessment for employees is carried
    pejabat penilai yang terdiri dari atasan langsung dan                                       out by a team/assessor consisting of direct superiors
    atasan tidak langsung, dalam satu Direktorat/Unit Kerja                                     and indirect superiors in one Directorate/Work Unit or
    atau atasan di wilayah operasional Perusahaan. Hasil                                        superior in the Company's operational area. The results
    penilaian nantinya akan mempengaruhi pemberian                                              of the assessment will later influence the provision of
    tunjangan performa, tunjangan kinerja, dan bonus                                            performance allowances, performance bonuses and
    tahunan.                                                                                    annual bonuses.


•   Program Tanda Jasa dan Penghargaan bagi Karyawan                                      •     Service Awards and Rewards Program for Employees
    Perusahaan sangat menghargai para karyawan yang                                             The Company highly values employees who have
    telah dengan sungguh-sungguh memberikan dedikasi                                            dedicated themselves and made significant contributions
    dan kontribusinya untuk perkembangan dan kemajuan                                           to the company’s development and progress. As a token of
    Perusahaan. Sebagai bentuk apresiasi, Perusahaan                                            appreciation, the company awards honors and accolades
    memberikan tanda jasa dan penghargaan kepada                                                to employees based on their years of service and
    karyawan         yang      telah        memberikan           dedikasi      dan              contributions. The company’s gratuity and appreciation
    kontribusinya bagi Perusahaan, berdasarkan masa kerja.                                      program has been effective in motivating employees
    Program tanda jasa dan penghargaan bagi karyawan                                            to perform their best and serve as a stimulus for future
    yang senantiasa dilakukan Perusahaan ini, terbukti                                          performance improvements.
    mampu memotivasi karyawan untuk memberikan kinerja
    terbaiknya bagi Perusahaan, sekaligus sebagai stimulus
    untuk meningkatkan prestasi di masa yang akan datang.


    Di       tahun    2023,        Surat        Keputusan         Direksi      No.              Based on Board of Directors Decree No. PH.01.04/084/2023
    PH.01.04/084/2023 tentang Pemberian Tanda Jasa                                              on Awarding of Merit and Awards to Employees, the
    dan Penghargaan Kepada Karyawan, Perusahaan telah                                           Company in 2023 has implemented awarding of merit and
    melaksanakan program tanda jasa dan penghargaan                                             awards to employees for employees with the following
    bagi karyawan. Pemberian Tanda Jasa dan Penghargaan                                         details:
    Kepada Karyawan adalah sebagai berikut:




                                                                                                                 2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja                Laporan Manajemen          Profil Perusahaan            Tinjauan Unit Pendukung Bisnis
                              Performance Highlights          Management Report          Company Profile              Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)



 Bentuk Program Tanda Jasa dan Penghargaan bagi                                          Merit and Award Program for Employees in 2023
 Karyawan Tahun 2023
                                                                                                      Ketentuan Masa Kerja /                      Nilai Penghargaan /
   No        Jenis Tanda Jasa Dan Penghargaan / Types Of Merit And Awards
                                                                                                         Terms Of Service                             Award Value
            Cincin emas 22 karat berlogo tiga gajah dan piagam penghargaan /
      1     22 carat gold ring with the logo of three elephants and a certificate                            10 Tahun / 10 years                             7 gram
            of appreciation
            Liontin emas 22 karat berlogo tiga gajah dan piagam penghargaan
      2     / 22 carat gold pendant bearing the logo of three elephants and a                                20 Tahun / 20 years                            12 gram
            certificate of appreciation
      3     Uang dan piagam penghargaan / Prize money and certificates                                       25 Tahun / 25 years             1 bulan gaji / 1 month salary



 Hingga 31 Desember 2023, terdapat sebanyak 31 orang                                     As of December 31, 2023, there were 31 employees who
 karyawan yang mendapatkan tanda jasa atau penghargaan                                   have received merits or awards given by the Company,
 yang diberikan oleh Perusahaan, dengan rincian sebagai                                  with the following details
 berikut:


 Daftar Penerima Penghargaan Tahun 2023                                                  List of Award Recipients in 2023
   No             Nama / Name                                                 Jabatan / Position                                                   Unit Kerja / Work Unit
                                     Penerima Penghargaan Masa Kerja 10 Tahun / Award Recipients for 10 Years of Service
      1   Mirza                            Manager of Compliance                                                                                       Corporate Secretary
   2      Edward Bastian                   Senior Manager of HR & GA PT Baturaja Multi Usaha Tk Manager                                            Baturaja Multi Usaha
      3   A. Beni                          GCG & Risk Management Officer PT Baturaja Multi Usaha Tk Supervisor                                     Baturaja Multi Usaha
   4      Yoda Tupara                      Senior Manager of Operation Transport & SHE PT Baturaja Multi Usaha Tk Manager                          Baturaja Multi Usaha
      5   M.Ricky Alfajri                  Maintenance Palembang Technician                                                                                Production
      6   Heddy Ardies                     Senior Manager of Mining Plan & Operation                                                                         Mining
      7   Eka Permana Putra                Mining Operation Junior Specialist                                                                                Mining
   8      Indra Hajiman                    Mining Operation Junior Specialist                                                                                Mining
   9      Didi Ari Prawira                 Mining Engineering Junior Specialist                                                                              Mining
   10     Firman Hirawan                   Supervisor of Kiln & Coal Mill 1                                                                                Production
   11     Sugeng Widodo                    Supervisor of Crusher & Raw Mill 1                                                                              Production
   12     Amir Mahmud B                    Supervisor of Kiln & Coal Mill 2                                                                                Production
   13     Cristian Herusanto S             Supervisor of Cement Mill 5 & 6                                                                                 Production
   14     Ice Andiska Saputra              Supervisor of Kiln & Coal Mill 2                                                                                Production
   15     Deiru Bayang S                   Supervisor of Cement Mill 5 & 6                                                                                 Production
                                           Sales Manager Sub Area 1.2 Ditempatkan Di Daerah Khusus Kab. Ogan Komering Ulu
   16     Soma Sabtu Rima                                                                                                                                  Marketing
                                           Timur Junior Officer
   17     Wahyu Nugra Prakasa              QC Baturaja 2 Junior Analyst                                                                                    Production
   18     Niku Vestorika                   QC Baturaja 2 Junior Analyst                                                                                    Production
   19     Abdulhalim Arifin                Supervisor of Dedusting & Compressor                                                                            Production
   20     Teddy Arman                      Transport & Weighing Admin                                                                                     Procurement
   21     Medyan Mz                        Fleet Management of Railway Junior Officer                                                                       Logistic
   22     Kiki Wibowo                      Warehouse Baturaja Junior Officer                                                                              Procurement
   23     Aprino Candra                    Import Junior Officer                                                                                          Procurement
                                                                                                                                                Production & Maintenance
   24     Fendi Yudiono                    Maintenance Plan & Control Junior Officer
                                                                                                                                                    Plan & Evaluation
   25     Suprayitno                       Maintenance Panjang Junior Specialist                                                                           Production
   26     Fariz Riwanda                    Supervisor of Electrical Maint Cement 5 & 6                                                                    Maintenance
   27     Achmad Rinaldi A                 Vice President of Corporate Management PT Baturaja Multi Usaha Tk Senior Manager                        Baturaja Multi Usaha
   28     Agus Purwanto                    Audit Planning Monitor & Evaluation Officer                                                                    Internal Audit




220       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                           Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                           Management Discussion and Analysis         Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                                                                           Sumber Daya Manusia (SDM)
                                                                                                              Human Resources (HR)


      No          Nama / Name                                                    Jabatan / Position                                                   Unit Kerja / Work Unit
      29    Rika Vertika                      Community Development Junior Officer                                                                     Corporate Secretary
                                              Staf Vice President of Corporate Secretary Ditugaskan Talent Mobility BUMN
      30    Anwar Sadat                                                                                                                                Corporate Secretary
                                              PT Sinergi Gula Nusantara Tk Senior Officer
      31    Tobok H. Hutabarat                Internal Audit Advisor PT Baturaja Multi Usaha Tk Senior Manager                                         Baturaja Multi Usaha


•   Program Pensiun                                                                       •     Pension Program
    Perusahaan memiliki dua program pensiun yaitu Program                                       The Company offers two pension programs: the Defined
    Pensiun Manfaat Pasti (PPMP) bagi karyawan tetap yang                                       Benefit Pension Plan (PPMP) for permanent employees
    bergabung sebelum tahun 2017 dan dikelola oleh Dana                                         who joined before 2017, which is managed by the Semen
    Pensiun Karyawan Semen Baturaja dan program pensiun                                         Baturaja Employees Pension Fund, and a defined
    iuran pasti bagi karyawan tetap yang mulai bergabung                                        contribution pension program for permanent employees
    sejak tahun 2007. Imbalan pensiun diberikan oleh                                            who joined in 2007. Pension benefits are provided by the
    Perusahaan apabila karyawan tersebut pensiun, cacat,                                        Company if the employee retires, becomes disabled, or
    atau meninggal dunia. Iuran untuk program pensiun                                           dies. Contributions for the pension program are 6.00%
    tersebut adalah sebesar 6,00% dari gaji bulanan karyawan                                    of the employee's monthly salary and are borne by the
    dan menjadi beban Perusahaan.                                                               Company.


    Program ini dikelola oleh Dana Pensiun Lembaga                                              This program is managed by the Financial Institution
    Keuangan PT Bank Negara Indonesia (Persero) Tbk (DPLK                                       Pension Fund PT Bank Negara Indonesia (Persero) Tbk
    BNI) yang akta pendiriannya telah disahkan oleh Menteri                                     (DPLK BNI), whose establishment was ratified by the
    Keuangan Republik Indonesia dengan Surat Keputusan                                          Minister of Finance of the Republic of Indonesia with
    masing-masing No. KEP-106/KM.10/2009 tanggal 13 Mei                                         Decree No. KEP-106/KM.10/2009 dated May 13, 2009.
    2009.


•   Hubungan Industrial                                                                   •     Industrial Relations
    Perusahaan senantiasa menjaga hubungan industrial                                           The Company strives to maintain healthy, harmonious,
    sebagai sebuah sistem hubungan kerja yang sehat,                                            and      constructive         working           relationships         between
    harmonis, dan konstruktif antara karyawan dengan                                            employees and the company, based on the principle of
    Perusahaan.       Hubungan                industrial        ini   dibangun                  mutual respect, to achieve a balance between fulfilling
    berdasarkan asas saling menghormati, guna menciptakan                                       rights and obligations to the company. The Company
    keseimbangan antara pemenuhan hak dan pelaksanaan                                           positions all employees as strategic partners and
    kewajiban terhadap Perusahaan. Dalam hal ini, Perusahaan                                    regularly communicates with them to build and maintain
    memposisikan seluruh karyawan sebagai mitra strategis                                       harmonious working relationships.
    dalam rangka membangun dan memelihara hubungan
    kerja yang harmonis melalui komunikasi yang teratur dan
    berkelanjutan.


    Perusahaan juga memberikan kebebasan bagi karyawan                                          The Company also values freedom for employees to
    untuk    berserikat,          berkumpul             dan     menyampaikan                    associate, gather and express opinions. The Company
    pendapat. Perusahaan sangat mendukung adanya serikat                                        strongly supports the existence of labor unions within
    pekerja di lingkungan Perusahaan yang diharapkan                                            the Company which is expected to create good relations
    dapat menciptakan hubungan baik antara karyawan                                             between employees and Company Management, so that
    dan Manajemen Perusahaan, agar dapat memberikan                                             they can provide the best contribution to the collective
    kontribusi terbaik untuk kepentingan bersama dan                                            interests and the Company. Currently, the Company has




                                                                                                                   2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen       Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report       Company Profile       Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)



   Perusahaan. Saat ini, Perusahaan telah memiliki Serikat                        a Workers Union, namely the Semen Baturaja Employees
   Pekerja yaitu Serikat Karyawan Semen Baturaja (SKSB)                           Union (SKSB), which was formed based on the Decree of
   yang dibentuk berdasarkan Keputusan Menteri Tenaga                             the Minister of Manpower of the Republic of Indonesia
   kerja Republik Indonesia No. Kep.202/M/BW/2000,                                No. Kep.202/M/BW/2000, dated 03 May 2000, and has
   tanggal 03 Mei 2000, dan telah didaftarkan kembali di                          been re-registered at the Palembang City Government
   Dinas Tenaga Kerja Pemerintah Kota Palembang No. 265/                          Manpower Service No. 265/DISNAKER/2014 dated
   DISNAKER/2014 tanggal 29 Oktober 2014.                                         October 29, 2014.


   Seluruh karyawan Perusahaan, baik yang menjadi                                 All Company employees, both union and non-union
   anggota serikat pekerja maupun non-serikat, terlindungi                        members, have their interests covered by the Collective
   kepentingannya dalam Perjanjian Kerja Bersama (PKB)                            Labor Agreement (PKB). The agreement was last
   yang terakhir diperbaharui pada 08 Agustus 2022 dan                            updated on August 8, 2022, and has been registered
   telah terdaftar pada Kementerian Ketenagakerjaan                               with the Indonesian Ministry of Manpower, specifically
   RI c.q. Direktorat Jenderal Hubungan Kerja dan                                 the Directorate General of Labor Relations and Wages,
   Pengupahan berdasarkan Surat Keputusan No. Kep.4/                              under Decree No. Kep.4/HI.00.01/00.0000.220815002/B/
   HI.00.01/00.0000.220815002/B/IX/2022                   tanggal         08      IX/2022, dated September 8, 2022.
   September 2022.


PROGRAM PENGEMBANGAN KOMPETENSI                                                EMPLOYEE COMPETENCY DEVELOPMENT
KARYAWAN                                                                       PROGRAM
KEBIJAKAN, TARGET, DAN PELAKSANAAN PROGRAM                                     POLICIES, TARGETS AND IMPLEMENTATION OF EMPLOYEE
PENGEMBANGAN KOMPETENSI KARYAWAN                                               COMPETENCY DEVELOPMENT PROGRAMS
Perusahaan         senantiasa            melaksanakan            program       The     Company        continuously            implements   employee
pengembangan kompetensi karyawan untuk semua level                             competency development programs for all levels of
jabatan dan gender, yang disusun berdasarkan Training                          positions and gender, which are prepared based on Training
Need Analysis (TNA). Program pengembangan kompetensi                           Need Analysis (TNA). Employee competency development
karyawan     dilakukan      dalam        rangka       untuk   memenuhi         programs are carried out in order to meet the needs and
kebutuhan dan tuntutan perkembangan lingkungan bisnis.                         demands of developments in the business environment.


Perusahaan telah melaksanakan program pengembangan                             The Company has implemented an employee competency
kompetensi karyawan untuk semua level jabatan dan                              development program for all levels of position and gender,
gender, dengan target atau sasaran yang ingin dicapai, yaitu                   with targets or objectives to be achieved, namely increasing
peningkatan pengetahuan tentang pekerjaan bagi karyawan,                       knowledge about work for employees, thereby reducing the
sehingga mengurangi gap kompetensi pada karyawan.                              competency gap among employees. The Company views
Perusahaan memandang bahwa pengembangan kompetensi                             that employee competency development is a long-term
karyawan merupakan investasi jangka panjang yang dapat                         investment that can have a real impact on improving the
memberikan dampak nyata bagi peningkatan kinerja                               Company's performance, both now and in the future.
Perusahaan, baik saat ini maupun di masa mendatang.




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                       Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis   Good Corporate Governance           Corporate Social and Environmental Responsibility




                                                                                               Sumber Daya Manusia (SDM)
                                                                                                  Human Resources (HR)



Perusahaan mengacu pada target yang telah ditetapkan oleh                       The Company refers to the target set by Management, namely
Manajemen, yaitu 20 jam per orang/tahun. Berdasarkan hal                        20 hours per person/year in which the Company has set a
tersebut, Perusahaan telah menetapkan target jam pelatihan                      target for internal training hours of 25 hours per person/year
internal sebesar 25 jam per orang/tahun serta rencana                           as well as plans for employee professional certification with a
sertifikasi profesi karyawan dengan target sebanyak 20 orang                    target of 20 people per year.
per tahun.


Di tahun 2023, realisasi jumlah jam pelatihan sebesar 25,14                     In 2023, the actual number of training hours was 25.14 hours
jam per orang/tahun atau sebesar 101% dari target yaitu 25                      per person/year or 101% of the target of 25 hours per person/
jam per orang/tahun. Sedangkan jumlah sertifikasi profesi                       year. Meanwhile, the number of professional certification
karyawan adalah sebanyak 37 orang, atau sebesar 185% dari                       employees was 37 people, or 185% of the target, namely
target, yaitu 20 orang. Informasi realisasi pengembangan                        20 people. Information on the realization of employee
kompetensi karyawan di tahun 2023-2022 adalah sebagai                           competency development in 2023-2022 is as follows:
berikut:


Realisasi Program Pengembangan Kompetensi Karyawan                              Realization of Employee Competency Development
Tahun 2022 – 2023                                                               Program in 2022 – 2023
                                 Uraian / Description                                                 2023                                           2022
Jumlah karyawan (orang) / Number of employees                                                          880                                            897
Jumlah jam training (jam) / Number of training hours                                                 22.125                                         29.970
Jumlah hari training (hari) / Number of training days                                                 921,87                                        1.248,75
Hari training/karyawan (hari) / Training days/employees                                                1,05                                           1,39
Total karyawan yang mengikuti training (orang) / Total employees who
                                                                                                      3.380                                          3.600
attended training



Realisasi Rata-Rata Durasi (Jam/Karyawan) Program                               Realization of Average Duration of Training Program Based
Pelatihan Berdasarkan Level Jabatan 2022 – 2023                                 on Position Level in 2022 – 2023
                          Level Jabatan / Position Level                                              2023                                           2022
Vice President                                                                                         75,81                                         50,88
Senior Manager                                                                                        47,66                                          37,82
Manager                                                                                               35,43                                          52,41
Supervisor                                                                                            18,59                                          35,92
Non-Staf                                                                                              19,58                                          29,82


Realisasi Rata-Rata Durasi (Jam/Karyawan) Program                               Realization of Average Duration of Training Program Based
Pelatihan Berdasarkan Gender 2022 – 2023                                        on Gender in 2022 – 2023
                                           Gender                                                     2023                                           2022
Laki-laki / Male                                                                                      23,33                                          32,46
Perempuan / Female                                                                                    34,32                                          34,41




                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja              Laporan Manajemen           Profil Perusahaan              Tinjauan Unit Pendukung Bisnis
                              Performance Highlights        Management Report           Company Profile                Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)



Jumlah Pelatihan dan Peserta Pelatihan Berdasarkan                                 Realization of Average Duration of Training Program Based
Bidang Pelatihan 2022 – 2023                                                       on Training Field in 2022 – 2023
                                                                          2023                                                                 2022
                                                                                            Jumlah                                                                 Jumlah
                                                                                           Pelatihan                                                              Pelatihan
                                                                        Jumlah             Terhadap                                          Jumlah               Terhadap
                                                      Jumlah                                                          Jumlah
                                                                       Peserta              Jumlah                                          Peserta                Jumlah
    Bidang Pelatihan / Training Field                Pelatihan                                                       Pelatihan
                                                                      (Orang) /          Peserta (%)                                       (Orang) /            Peserta (%)
                                                  (Kali) / Number                                                 (Kali) / Number
                                                                      Number Of          / Number Of                                       Number Of            / Number Of
                                                    Of Trainings                                                    Of Trainings
                                                                     Participants         Training To                                     Participants           Training To
                                                      (Times)                                                         (Times)
                                                                       (Person)           Number Of                                         (Person)             Number Of
                                                                                         Participants                                                           Participants
                                                                                              (%)                                                                    (%)
Bidang Keuangan / Finance                                       7                 119                  5,89                        11                     23            47,83
Bidang Sumber Daya Manusia / Human
                                                               16                398                   4,02                       28                     605             4,63
Resources
Bidang Pemasaran/Distribusi / Marketing/
                                                               8                  196                       4,1                   13                      169            7,69
Distribution
Bidang Teknik/Operasi / Engineering/
                                                              40                 427                   9,37                       52                    1.135            4,58
Operations
Bidang Keselamatan dan Kesehatan Kerja
                                                              33                 526                   6,27                       18                     569             3,16
/ Occupational Health and Safety
Bidang Pengembangan Manajemen /
                                                               14                 125                   11,2                     20                       126           15,87
Management Development
Bidang Pengawasan / Supervisory                                 7                299                   2,34                        9                      100            9,00
Bidang Teknologi Informasi / Information
                                                               10                 107                  9,34                       14                      241            5,81
Technology
Bidang Hukum & Kehumasan / Legal &
                                                               10                374                   2,67                       12                      414            2,90
Public Relations
Bidang Procurement / Procurement                                1                   2                       50                     2                       2           100,00
Bidang Umum & Lain-Lain / General
                                                              24                  810                  2,96                       39                      216           18,06
Affairs & Others
             Jumlah / Total                                   170               3.380                  5,03                     218                     3.600            6,06




Jenis Program Pengembangan Kompetensi Karyawan                                     Types of Employee Competency Development Programs
Program pengembangan kompetensi karyawan di lingkup                                Employee competency development program at the Company
Perusahaan, dikelompokkan menjadi 3 (tiga) jenis pelatihan,                        is classified into 3 (three) types, namely in-house training,
yakni pelatihan in-house, pelatihan umum, dan pelatihan                            general training and online training. Information on types of
online. Informasi jenis program pengembangan kompetensi                            employee competency development programs is as follows:
karyawan adalah sebagai berikut:
1. Pelatihan In-House                                                              1. In-House Training
   Perusahaan mengembangkan program pelatihan secara                                    The Company develops training programs internally
   internal melalui kerja sama dengan pihak eksternal                                   through collaboration with external parties in providing
   dalam pemberian materi pelatihan yang ditujukan untuk                                training materials aimed at increasing employee
   peningkatan       kompetensi           karyawan        terkait     bidang            competencies related to the field of work.
   pekerjaan.




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                       Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis        Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                                                     Sumber Daya Manusia (SDM)
                                                                                                        Human Resources (HR)



2. Pelatihan Umum                                                                    2. General Training
   Pada pelatihan umum, Perusahaan mengikutsertakan                                        In general training, the Company involves its employees
   para karyawan secara intens pada program pelatihan-                                     intensely in training programs, as well as seminars, both
   pelatihan, serta seminar, baik di dalam maupun di luar                                  at home and abroad, according to the need to improve
   negeri, sesuai dengan kebutuhan untuk meningkatkan                                      employee competency.
   kompetensi karyawan.
3. Pelatihan Online                                                                  3. Online Training
   Perusahaan mengikutsertakan para karyawan pada                                          The Company enrolls its employees in trainings held
   pelatihan-pelatihan          yang        diselenggarakan          secara                online/virtually, both internally held by the Company and
   daring/virtual, baik yang diselenggarakan oleh internal                                 third parties.
   Perusahaan maupun pihak ketiga.


Realisasi Program Pengembangan Kompetensi Karyawan                                   Realization of Employee Competency Development
Berdasarkan Jenis Pelatihan 2023                                                     Program Based on Training Type in 2023
                                                                  Jumlah                                       Jumlah Pelatihan                    Jumlah Peserta
                                                                                         Jumlah Peserta
                                                                 Pelatihan                                    Per Jenis Pelatihan                 Per Jenis Pelatihan
                                                                                        (Orang) / Number
  No         Jenis Pelatihan / Type Of Training               (Kali) / Number                                   (%) / Number Of                    (%) / Number Of
                                                                                         Of Participants
                                                                Of Trainings                                  Training Per Type Of               Participants Per Type
                                                                                            (Person)
                                                                  (Times)                                         Training (%)                      Of Training (%)
   1    Pelatihan In-House / In-House Training                                    37                   509                            21,76                        15,06
   2    Pelatihan Umum / General Training                                        50                    107                            29,41                         3,16
   3    Pelatihan Online / Online Training                                       83                  2.764                           48,83                         81,78
                   Jumlah / Total                                               170                  3.380                              100                          100


Rincian Program Pengembangan Kompetensi Karyawan                                     Details of Employee Competency Development Programs
Berdasarkan Jenis Pelatihan 2023                                                     Based on Training Type in 2023
                    Program                                                  Tujuan / Objective                         Waktu Pelaksanaan / Implementation Date
                                                            Pelatihan In-House / In-House Training
Instructor of IHT Autonomous Maintenance, Planned Sharing sesion tentang TPM dan meningkatkan skill                       03/01/2023             s.d / to   03/01/2023
Maintenance & Focused Improvement (Batch 13)      mengajar / Sharing session on TPM and improving
                                                  teaching skills
IHT Autonomous Maintenance, Planned Maintenance & Peningkatan pengetahuan tentang Preventive,                             03/01/2023             s.d / to   03/01/2023
Focused Improvement (Batch 13)                    Planed dan Focus Improve Manitenance / Knowledge
                                                  improvement on Preventive, Planned and Focused
                                                  Improved Maintenance
Instructor of IHT Autonomous Maintenance, Planned Sharing sesion tentang TPM dan meningkatakan skill                      04/01/2023             s.d / to   04/01/2023
Maintenance & Focused Improvement (Batch 14)      mengajar / Sharing session on TPM and improving
                                                  teaching skills
IHT Autonomous Maintenance, Planned Maintenance & Peningkatan pengetahuan tentang Preventive,                             04/01/2023             s.d / to   04/01/2023
Focused Improvement (Batch 14)                    Planed dan Focus Improve Manitenance / Knowledge
                                                  improvement on Preventive, Planned and Focused
                                                  Improved Maintenance
Instructor of IHT Autonomous Maintenance, Planned Sharing sesion tentang TPM dan meningkatakan skill                      09/01/2023             s.d / to   09/01/2023
Maintenance & Focused Improvement (Batch 15)      mengajar / Sharing session on TPM and improving
                                                  teaching skills
IHT Autonomous Maintenance, Planned Maintenance & Sharing sesion tentang TPM dan meningkatakan skill                      09/01/2023             s.d / to   09/01/2023
Focused Improvement (Batch 15)                    mengajar / Sharing session on TPM and improving
                                                  teaching skills
Instructor of IHT Autonomous Maintenance, Planned Peningkatan pengetahuan tentang Preventive,                              18/01/2023            s.d / to   18/01/2023
Maintenance & Focused Improvement (Batch 16)      Planed dan Focus Improve Manitenance / Knowledge
                                                  improvement on Preventive, Planned and Focused
                                                  Improved Maintenance
IHT Autonomous Maintenance, Planned Maintenance & Sharing sesion tentang TPM dan meningkatakan skill                       18/01/2023            s.d / to   18/01/2023
Focused Improvement (Batch 16)                    mengajar / Sharing session on TPM and improving
                                                  teaching skills




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                 225
Page 228
                                 Ikhtisar Kinerja             Laporan Manajemen             Profil Perusahaan          Tinjauan Unit Pendukung Bisnis
                                 Performance Highlights       Management Report             Company Profile            Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)


                       Program                                                    Tujuan / Objective                         Waktu Pelaksanaan / Implementation Date
Instructor of IHT SAP Modul HC                              Sharing sesion tentang SAP Modul HC / Sharing session              02/01/2023           s.d / to   03/01/2023
                                                            on SAP HC Module
IHT SAP Modul HC / IHT SAP HC Module                        Peningkatan keahlian          SAP     /    SAP      expertise      02/01/2023           s.d / to   03/01/2023
                                                            enhancement
IHT Program Pengembangan Talenta Berbasis AKHLAK Peningkatan Soft Skill / Soft Skill Improvement                               16/01/2023           s.d / to   19/01/2023
/ IHT AKHLAK-Based Talent Development Program
Program Pengembangan Talenta Berbasis AKHLAK Peningkatan Soft Skill / Soft Skill Improvement                                  20/02/2023            s.d / to   22/02/2023
Batch 2 / AKHLAK Based Talent Development Program
Batch 2
Instructor of Training Tableau Divison Logistic             Sharing sesion tentang Tableau meningkatkan skill                 20/02/2023            s.d / to   21/02/2023
                                                            mengajar / Sharing session on Tableau, improving
                                                            teaching skills
Training Tableau Divison Logistic / Tableau Training for Kebutuhan Kompetensi Jabatan / Job Competency                        20/02/2023            s.d / to   21/02/2023
Logistics Division                                       Requirement
In House Training Business Continuity Management Kebutuhan Kompetensi Jabatan / Job Competency                                 27/02/2023           s.d / to   28/02/2023
System (BCMS)                                    Requirement
Asessment Senior Manager                                    Kebutuhan Kompetensi Jabatan / Job Competency                      13/03/2023           s.d / to   15/032023
                                                            Requirement
Awareness SNI 2049:2022 dan SNI 7064:2022                   Kebutuhan Kompetensi Jabatan / Job Competency                      14/03/2023           s.d / to   14/032025
                                                            Requirement
Program Pengembangan Talenta Berbasis AKHLAK Peningkatan Soft Skill / Soft Skill Improvement                                   15/03/2023           s.d / to   17/032024
Batch 4 / AKHLAK-Based Talent Development Program
Batch 4
Instruktur / IHT - Sharing knowledge Mengenai Cara Sharing sesion dan meningkatkan skill mengajar /                           30/05/2023            s.d / to   30/05/2023
Efektif Pembuatan Slide Batch 1 / Instructor / IHT - Sharing session and improving teaching skills
Sharing knowledge on effective methods for making
slides Batch 1
IHT - Sharing knowledge Mengenai Cara Efektif Peningkatan Soft Skill / Soft Skill Improvement                                 30/05/2023            s.d / to   30/05/2023
Pembuatan Slide Batch 1 / IHT - Sharing knowledge on
effective methods for making slides Batch 1
IHT / Workshop Pengelasan dan Plasma Cutting /              Kebutuhan Kompetensi Jabatan / Job Competency                     20/06/2023            s.d / to   21/06/2023
IHT / Welding and Plasma Cutting Workshop                   Requirement
Pelatihan Tata Kelola (Governance), Risiko (Risk) Peningkatan pengetahuan / Knowledge improvement                              24/07/2023           s.d / to   24/07/2023
dan Kepatuhan (Compliance) / Governance, Risk and
Compliance Training
In House Training Overhoul 2024 Batch 1                     Kebutuhan Kompetensi Jabatan / Job Competency                      18/10/2023           s.d / to   20/10/2023
                                                            Requirement
Instruktur In House Training Overhoul 2024 Batch 1 /        Kebutuhan Kompetensi Jabatan / Job Competency                      18/10/2023           s.d / to   20/10/2023
In House Training Overhaul Instructor 2024 Batch 1          Requirement
Instruktur Kuliah Kerja Lapangan / College Fieldwork Sharing session                                                           18/10/2023           s.d / to   20/10/2023
Instructor
In House Training Overhoul 2024 Batch 2                     Kebutuhan Kompetensi Jabatan / Job Competency                      24/10/2023           s.d / to   26/10/2023
                                                            Requirement
Instructor of In House Training Overhoul 2024 Batch 2       Kebutuhan Kompetensi Jabatan / Job Competency                      24/10/2023           s.d / to   26/10/2023
                                                            Requirement
In House Training GPS Geodetik S850+                        Sharing Session                                                    24/10/2023           s.d / to   26/10/2023
In House Training Pengujian Beton / In House Training Peningkatan keahlian pengujian beton / Improvement                       31/10/2023           s.d / to   02/11/2023
on Concrete Testing                                   on concrete testing skills
In House Training SNI ISO / IEC 17025:2017                  Sharing Session                                                    15/11/2023           s.d / to   15/11/2023
Instructor of In House Training SNI ISO / IEC 17025:2017 Sharing Session                                                       15/11/2023           s.d / to   15/11/2023
Ekskursi Teknik Pertambangan Institut Teknologi Kebutuhan Kompetensi Jabatan / Job Competency                                  16/11/2023           s.d / to   16/11/2023
Sumatera / Institut Teknologi Sumatera Mining Requirement
Engineering Excursion
In House Training Refreshment Juru Langsir Site PBR / Sharing Session tentang juru langsir / Sharing Session                   07/12/2023           s.d / to   07/12/2023
In House Training for Shunting Expert Refreshment at for Shunting Expert
PBR Site
Instructor of In House Training Limbah B3 / In House Sharing Session tentang limbah B3 / Sharing Session                       12/12/2023           s.d / to   12/12/2023
Training on B3 Waste                                 on B3 waste
Instructor of In House Training Limbah B3 / In House Sharing Session tentang limbah B3 dan meningkatkan                        12/12/2023           s.d / to   12/12/2023
Training on B3 Waste                                 skill mengajar / Sharing Session on B3 waste and
                                                     improving teaching skills




226          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                         Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                         Management Discussion and Analysis          Good Corporate Governance           Corporate Social and Environmental Responsibility




                                                                                                        Sumber Daya Manusia (SDM)
                                                                                                           Human Resources (HR)


                       Program                                                   Tujuan / Objective                      Waktu Pelaksanaan / Implementation Date
Tes Potensial Akademik (TPA) SIG Fellowship / SIG Kebutuhan Kompetensi Jabatan / Job Competency                             19/12/2023            s.d / to   19/12/2023
Fellowship Academic Potential Test (TPA).         Requirement
IHT Aplikasi & Perkembangan Teknologi Bahan Peledak Kebutuhan Kompetensi Jabatan / Job Competency                          20/12/2023             s.d / to   20/12/2023
/ IHT Applications & Developments in Explosives Requirement
Technology
                                                                  Pelatihan Umum / General Training
Pelatihan Verifikasi dan Perhitungan TKDN / TKDN Peningkatan pengetahuan bidang HC / Knowledge                             30/01/2022             s.d / to   31/01/2023
Verification and Calculation Training            improvement on HC
Training Drone Pilot License                                  Kebutuhan Kompetensi Jabatan / Job Competency                06/02/2023             s.d / to   12/02/2023
                                                              Requirement
Training Teknik Pembuatan Bahan Acuan Bersertifikat Kebutuhan Kompetensi Jabatan / Job Competency                          07/02/2023             s.d / to   09/02/2023
/ Training in Techniques for Making Certified Reference Requirement
Materials
Sertifikasi Ahli K3 Lingkungan Kerja              /   Work Peningkatan pengetahuan tentang SMK3 / Knowledge                 15/02/2023            s.d / to   25/02/2023
Environment OHS Expert Certification                       improvement on OHSMS
4.0 Tecnology Seminar and Building Tour                       Peningkatan pengetahuan / Knowledge improvement               16/02/2023            s.d / to   16/02/2023
BIMTEK Pengelolaan Limbah Bahan Berbahaya dan Peningkatan pengetahuan tentang B3 / Knowledge                               23/02/2023             s.d / to   24/02/2023
Beracun (B3) / Technical Guidelines on Management of improvement on B3
Hazardous and Toxic Waste (B3)
Collaboration Camp & Stadium General                          Peningkatan pengetahuan tentang management SMSB              23/02/2023             s.d / to   26/02/2023
                                                              / Knowledge improvement on SMSB
Penguji Uji Kompetensi Kahlian SMK Negeri 1 OKU / Sharing Knowledge                                                         01/03/2023            s.d / to   06/03/2023
Examiner for Skills Competency Test at SMK Negeri 1
OKU
Penguji Uji Kompetensi Kahlian SMK Sentosa Bhakti / Sharing Knowledge                                                       01/03/2023            s.d / to   08/03/2023
Examiner for Skills Competency Test at SMK Sentosa
Bhakti
Penguji Uji Kompetensi Kahlian SMK Negeri 2 OKU / Sharing Knowledge                                                        03/03/2023             s.d / to   08/03/2023
Examiner for Skills Competency Test at SMK Negeri 2
OKU
Seminar Uji Layanan K3 / OHS Service Test Seminar             Sharing Knowledge                                            08/03/2023             s.d / to   08/03/2023
Penguji Uji Kompetensi Kahlian SMK Negeri 1 Oku Sharing Knowledge                                                           13/03/2023            s.d / to   15/03/2023
Selatan / Examiner for Skills Competency Test at SMK
Negeri 1 OKU
Pengukuran Dampak Program Tanggung Jawab Sosial Sharing knowledge tentang E Learning / Sharing                              13/03/2023            s.d / to   17/03/2023
(TJSL) dengan Metode Social Return on Investment knowledge on E Learning
(SROI) / Measuring the Impact of Social Responsibility
(TJSL) Programs using the Social Return on Investment
(SROI) Method
Sertifikasi Petugas P3K / First Aid Officer Certification Peningkatan pengetahuan / Knowledge improvement                   15/03/2023            s.d / to   17/03/2023
Sertifikasi Petugas Peran Kebakaran Kelas D / Class D Kebutuhan Kompetensi Jabatan / Job Competency                         15/03/2023            s.d / to   17/03/2023
Firefighter Certification                             Requirement
Basic Training Public Relations                               Peningkatan pengetahuan / Knowledge improvement               18/03/2023            s.d / to   18/03/2023
Training Designing Professional Presentation Material Peningkatan pengetahuan tentang industri 4.0 /                        11/04/2023            s.d / to   12/04/2023
With Powerpoint                                       Knowledge improvement on industry 4.0
Sertifikasi Drone Pilot License / Drone Pilot License Kebutuhan Kompetensi Jabatan / Job Competency                        27/05/2023             s.d / to   28/05/2023
Certification                                         Requirement
Pelatihan Pembuatan Beton Lulus Air (Porous Kebutuhan Kompetensi Jabatan / Job Competency                                   12/06/2023            s.d / to   14/06/2023
Concrete) / Training on Making Porous Concrete Requirement
Bimbingan Teknis Proper / Proper Technical Guidance           Kebutuhan Kompetensi Jabatan / Job Competency                 12/06/2023            s.d / to   12/06/2023
                                                              Requirement
Tips dan Trik Memasuki Dunia Kerja / Tips and Tricks for Sharing Knowledge                                                  15/06/2023            s.d / to   15/06/2023
Starting Work
Sosialisasi Pelaksanaan Fasilitas Pengadaan Tanah Peningkatan pengetahuan / Knowledge improvement                          05/07/2023             s.d / to   05/07/2023
dan Pencadangan Tanah / Dissemination of the
Implementation of Land Acquisition and Land
Reservation Facilities
Seminar Kesehatan dan Keselamatan Kerja (K3) / Sharing Knowledge                                                           06/07/2023             s.d / to   06/07/2023
Seminar on Occupational Health and Safety (OHS)
Workshop PROPER Hijau & FGD per-Aspek / Green Peningkatan pengetahuan tentang Proper / Knowledge                           24/07/2023             s.d / to   26/07/2023
PROPER Workshop & FGD per-Aspect              improvement on PROPER
Training of Trainer (TOT) K3 / OHS Training of Trainers Kebutuhan Kompetensi Jabatan / Job Competency                      25/07/2023             s.d / to   27/07/2023
(TOT).                                                  Requirement



                                                                                                              2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                   227
Page 230
                              Ikhtisar Kinerja                Laporan Manajemen             Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                              Performance Highlights          Management Report             Company Profile     Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)


                      Program                                                     Tujuan / Objective                  Waktu Pelaksanaan / Implementation Date
Plant Visit Siam Refractory                                 Sharing Knowledge                                           15/08/2023           s.d / to   18/08/2023
Advancing The World of Work Through Sustainable Sharing Knowledge                                                      24/08/2023            s.d / to   25/08/2023
Business Enterprise
Mengenal Laser Projector Brite & IFP Brite Horizon / Peningkatan pengetahuan / Knowledge improvement                   29/08/2023            s.d / to   29/08/2023
Get to know the Brite Laser Projector & Brite Horizon
IFP
Fortinet Network Security Solution “Stay Secure and Peningkatan pengetahuan / Knowledge improvement                     07/09/2023           s.d / to   07/09/2023
Protected”
Pembicara Tamu tentang Penerapan Sistem Sharing Knowledge                                                              09/09/2023            s.d / to   09/09/2023
Manajemen K3 dalam Upaya Peningktan Safety
Awarness di Lingkungan Kampus Merdeka Universitas
Baturaja / Guest Speaker on the Implementation of the
OHS Management System in Efforts to Increase Safety
Awareness in the Independent Campus Environment of
Baturaja University
Pelatihan & Ujian Sertifikasi Risk Management Program Kebutuhan Kompetensi Jabatan / Job Competency                     13/09/2023           s.d / to   15/09/2023
(QRGP – Qualified Risk Governance Proffesional) / Risk Requirement
Management Program Certification Training & Exam
(QRGP – Qualified Risk Governance Professional)
Pelatihan Sustainability Reporting Standart & Kebutuhan Kompetensi Jabatan / Job Competency                             26/09/2023           s.d / to   27/09/2023
Implementation + Update ISSB Standart IFRS S1&S2 Requirement
/ Training on Sustainability Reporting Standards &
Implementation + Update ISSB IFRS Standards S1&S2
Undangan Onboarding Agent of Change AKHLAK / Peningkatan Soft Skill / Soft Skill Improvement                            26/09/2023           s.d / to   26/09/2023
AKHLAK Agent of Change Onboarding Invitation
Seminar Nasional Call for Paper AvoER 15 (2023) Sharing Knowledge                                                       10/10/2023           s.d / to   11/10/2023
Fakultas Teknik Universitas Sriwijaya dan Penyampaian
Jurnal SMBR / National Seminar Call for Paper AvoER
15 (2023) Faculty of Engineering, Universitas Sriwijaya
and SMBR Journal Submission
Spokesperson Masterclass        “Becoming       A      Bold Sharing Knowledge                                           18/10/2023           s.d / to   18/10/2023
Spokerperson in Society”
Pelatihan &Sertifikasi Petugas Pemadam Kabakaran Peningkatan Kompetensi Jabatan / Job Competency                        06/11/2023           s.d / to   09/11/2023
Kelas D / Training & Certification for Class D Firefighters Enhancement
Seminar Pemenuhan Kewajiban SKP dengan Tema Peningkatan pengetahuan / Knowledge improvement                             08/11/2023           s.d / to   10/11/2023
“Transforming, Developing and Sustaining Company in
the Era of Turbulence, Uncertainly, Novelty And Agility”
/ SKP Obligations Fulfillment Seminar with the theme
“Transforming, Developing and Sustaining Company in
the Era of Turbulence, Uncertainly, Novelty and Agility”
Seminar Nasional & Pengukuhan Gelar Kompetensi Sharing Knowledge                                                        09/11/2023           s.d / to   10/11/2023
Auditor Internal bersertifikat ACCIA, CCIA, CPIA & CPAM
/ National Seminar & Inauguration of ACCIA, CCIA, CPIA
& CPAM certified Internal Auditor Competency Degrees
Pelatihan Risk Management Program (QRMP – Qualified Kebutuhan Kompetensi Jabatan / Job Competency                       13/11/2023           s.d / to   17/11/2023
Risk Management Proffesional Ujian Sertifikasi Requirement
Risk Management Program (QRMP – Qualified Risk
Management Proffesional) / Risk Management
Program Training (QRMP – Qualified Risk Management
Professional) Risk Management Program Certification
Exam (QRMP – Qualified Risk Management Professional)
Sertifikasi Juru Ledak Kelas II / Class II Explosive Kebutuhan Kompetensi Jabatan / Job Competency                      13/11/2023           s.d / to   18/11/2023
Expert Certification                                 Requirement
Pelatihan & Sertifikasi Teknisi K3 Listrik / Electrical Kebutuhan Kompetensi Jabatan / Job Competency                   15/11/2023           s.d / to   23/11/2023
OHS Technician Training & Certification                 Requirement
Strategic Leadership Development Program                    Sharing Knowledge                                           16/11/2023           s.d / to   16/11/2023
Pelatihan &Sertifikasi Juru Las Listrik & Gas (Juru Las Kebutuhan Kompetensi Jabatan / Job Competency                   20/11/2023           s.d / to   24/11/2023
SMAW/Listrik Kelas 1) / Electric & Gas Welder Training Requirement
& Certification (Class 1 SMAW/Electric Welder)
Pelatihan & Sertifikasi K3 Operator Elevator & Eskalator Kebutuhan Kompetensi Jabatan / Job Competency                  24/11/2023           s.d / to   30/11/2023
/ OHS Training & Certification for Elevator & Escalator Requirement
Operators
Pengembangan Sumber Daya Manusia (SDM) melalui Kebutuhan Kompetensi Jabatan / Job Competency                            25/11/2023           s.d / to   25/11/2023
TOT Junior / Human Resources (HR) Development Requirement
through TOT Junior




228         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                           Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                           Management Discussion and Analysis           Good Corporate Governance           Corporate Social and Environmental Responsibility




                                                                                                           Sumber Daya Manusia (SDM)
                                                                                                              Human Resources (HR)


                         Program                                                    Tujuan / Objective                      Waktu Pelaksanaan / Implementation Date
Temu Karya Mutu & Produktivitas Nasional / National Sharing Knowledge                                                          27/11/2023            s.d / to   30/11/2023
Quality & Productivity Work Meeting
Pelatihan & Sertifikasi P3K Kemnaker RI / Indonesian Kebutuhan Kompetensi Jabatan / Job Competency                             27/11/2023            s.d / to   30/11/2023
Ministry of Manpower First Aid Training & Certification Requirement
CHRO Masterclass : Pelatihan Shifting Human Peningkatan pengetahuan / Knowledge improvement                                    01/12/2023            s.d / to   01/12/2023
Resources Mindset In New Disruptive World
Event Enhancing IT Infrastructure Reliability and Peningkatan pengetahuan / Knowledge improvement                              14/12/2023            s.d / to   14/12/2023
Resilience with Dell Technologies Solutions
Undangan Peringatan Hari Ibu Tahun 2023 Srikandi Sharing Session                                                               13/12/2023            s.d / to   13/12/2023
BUMN / Invitation to commemorate Mother’s Day 2023
Srikandi SOE
                                                                     Pelatihan Online / Online Training
Sertifikasi Pengawas Operasional Madya / Intermediate Kebutuhan Kompetensi Jabatan / Job Competency                            23/01/2023            s.d / to   26/01/2023
Operations Supervisor Certification                   Requirement
Pijar Mahir Live Class : DIGITAL LITERACY “Memahami Sharing session tentang regulasi perlindungan data                         13/01/2023            s.d / to   13/01/2023
Regulasi Perlindungan Data Pribadi” / Pijar Mahir Live pribadi / Sharing session on personal data protection
Class: DIGITAL LITERACY “Understanding Personal regulations
Data Protection Regulations”
Sertifikasi Pengawas Operasional Pertama / First Kebutuhan Kompetensi Jabatan / Job Competency                                23/02/2023             s.d / to   26/02/2023
Operations Supervisor Certification              Requirement
Intro to Risk Management                                        Sharing Session                                               10/02/2023             s.d / to   10/02/2023
Online Course “How to Master Digital Marketing Peningkatan Soft Skill / Soft Skill Improvement                                07/03/2023             s.d / to   07/03/2023
Management” in collaboration with SIG Digital (Product:
SobatBangun)
Learn and Share Indonesia Infrastructure Research Sharing Knowledge tentang construction project                              08/03/2023             s.d / to   08/03/2023
and Innovation (I2RI) dengan topik “Construction management / Sharing Knowledge on construction
Project Management” / Learn and Share Indonesia project management
Infrastructure Research and Innovation (I2RI) with the
topic “Construction Project Management”
Workshop Lifestyle Photography                                  Peningkatan    pengetahuan   tentang   Lifestyle              10/03/2023             s.d / to   10/03/2023
                                                                Photography / Knowledge improvement on Lifestyle
                                                                Photography
Sertifikasi Pengawas Operasional Madya                 (POM) Kebutuhan Kompetensi Jabatan / Job Competency                     12/03/2023            s.d / to   16/03/2023
/ Intermediate Operational Supervisor                  (POM) Requirement
Certification
Go Live SIG Innovation                                          Sharing Session                                               14/03/2023             s.d / to   14/03/2023
Sarasehan “Kesehatan Dana Pensiun Ditinjau dari Sharing Session tentang kesehatan dana pensiun /                               15/03/2023            s.d / to   15/03/2023
Kewajiban dan Investasi” / Workshop “The Health of Sharing Session on the health of pension funds
Pension Funds in View of Liabilities and Investments”
Learn & Share AKHLAK Srikandi dengan tema “All Sharing Knowledge                                                               21/03/2023            s.d / to   21/03/2023
Women are Super Woman!” / Learn & Share Heroine
AKHLAK with the theme “All Women are Super Women!”
Online Training Brand Strategy Management                       Sharing Session tentang brand strategy management /           29/03/2023             s.d / to   29/03/2023
                                                                Sharing Session on brand strategy management
Online Training Drone Pilot License                             Peningkatan pengetahuan tentang drone pilot /                 04/04/2023             s.d / to   06/04/2023
                                                                Knowledge improvement of drone pilots
Learn and Share Online Training Bincang - Bincang Sharing Session                                                             04/04/2023             s.d / to   04/04/2023
Expert “Business Innovation & Kick Off IDEABOX”
Online Training Membangun Budaya Anti Suap SIG / Sharing Session tentang budaya anti suap / Sharing                           05/04/2023             s.d / to   05/04/2023
Online Training Building a SIG Anti-Bribery Culture Session on anti-bribery culture
Online Training Cooking & Table Setting                         Sharing Knowledge                                              13/04/2023            s.d / to   13/04/2023
Learn & Share SHE Leader Talks : “Wellness Program Sharing Knowledge                                                           13/04/2023            s.d / to   13/04/2023
at Workplace”
Online Training Calon Juri SIG Group 2023 / Online Sharing Knowledge                                                          14/04/2023             s.d / to   18/04/2023
Training for 2023 SIG Group Jury Candidates
Online Course “Engineering & Project Management Sharing Knowledge tentang Engineering dan Project                              17/04/2023            s.d / to   17/04/2023
Control”                                        Management / Sharing Knowledge on Engineering and
                                                Project Management
Bimtek Peningkatan Pemahaman Gratifikasi / Technical Sharing Knowledge tentang Pemahaman Gratifikasi /                         11/04/2023            s.d / to   12/04/2023
Guidance to Improve Understanding of Gratuity        Sharing Knowledge on Understanding Gratuity
Online Training   “Engineering & Projec Mangement Sharing Knowledge tentang Engineering dan Project                            17/04/2023            s.d / to   17/04/2023
Control”                                          Management / Sharing Knowledge on Engineering and
                                                  Project Management




                                                                                                                 2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                      229
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                                Ikhtisar Kinerja              Laporan Manajemen             Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                                Performance Highlights        Management Report             Company Profile     Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)


                        Program                                                   Tujuan / Objective                  Waktu Pelaksanaan / Implementation Date
Online Training Office Management                           Peningkatan pengetahuan / Knowledge improvement            08/05/2023            s.d / to   08/05/2023
Learn & Share Digital Innovation in Learning - Kick off Sharing Knowledge                                               16/05/2023           s.d / to   16/05/2023
New Learning Experience
Internalisasi Core Values AKHLAK dengan tema Peningkatan Soft Skill / Soft Skill Improvement                           22/05/2023            s.d / to   22/05/2023
“Menjadi Insan yang Bersyukur dengan BerAKHLAK
Mulia” / Internalization of Core Values AKHLAK with the
theme “Becoming a Grateful Person with AKHLAK “
Online Training “Pertanahan” / Online Training “Land Peningkatan pengetahuan tentang Pertanahan /                       23/05/2023           s.d / to   23/05/2023
Affairs”                                             Knowledge improvement on Land
Online Training “Strategy Management”                       Peningkatan  pengetahuan    tentang   Strategy             24/05/2023            s.d / to   24/05/2023
                                                            Management / Knowledge improvement on Strategy
                                                            Management
Dewan Juri SMBR Innovation Award 2023 / 2023 SMBR Sharing Knowledge                                                     23/05/2023           s.d / to   30/05/2023
Innovation Award Jury
E-Learning Refreshment Safety leadership & Baturaja Penyegaran tentang Safety / Refresher on Safety                    24/05/2023            s.d / to   31/05/2023
Risk Contaiment Tahun 2023 / E-Learning Refreshment
Safety leadership & Baturaja Risk Containment in 2023
AI & Machine Learning                                       Peningkatan pengetahuan tentang AI / Knowledge             05/04/2023            s.d / to   05/04/2023
                                                            improvement / Knowledge improvement
Data Science & Analytics                                    Sharing Knowledge                                          06/04/2023            s.d / to   06/04/2023
Digital Marketing                                           Sharing Knowledge                                           11/04/2023           s.d / to   13/04/2023
AR/VR Metaverse                                             Sharing Knowledge                                           10/05/2023           s.d / to   10/05/2023
Dev Ops                                                     Sharing Knowledge                                           12/05/2023           s.d / to   12/05/2023
E-Learning Refreshment Safety leadership & Baturaja Penyegaran tentang Safety / Refresher on Safety                     01/06/2023           s.d / to   27/06/2023
Risk Contaiment Tahun 2023
Refreshment Ahli K3 Umum / General OHS Expert Penyegaran tentang Safety / Refresher on Safety                          05/06/2023            s.d / to   09/06/2023
Refreshment
Learn & Share Internalisasi Core Value AKHLAK Peningkatan Soft Skill / Soft Skill Improvement                          05/06/2023            s.d / to   05/06/2023
“Financial Planning For Future Serenity”
Online Training Bincang - bincang Expert “innovation Sharing Session tentang Innovation Management /                    14/06/2023           s.d / to   14/06/2023
Management”                                          Sharing Session on Innovation Management
Learn & Share Internalisasi Core Value AKHLAK Sharing Knowledge                                                         16/06/2023           s.d / to   16/06/2023
“Awareness Of Sustainability Issues “Realize Green
Environment”
Online Course Energy Management                             Sharing Knowledge                                           19/06/2023           s.d / to   19/06/2023
Online Course “GCT Operation”                               Sharing Knowledge tentang GCT Operation / Sharing           21/06/2023           s.d / to   21/06/2023
                                                            Knowledge on GCT Operation
Introduction to Digital Business                            Peningkatan pengetahuan / Knowledge improvement             14/06/2023           s.d / to   14/06/2023
                                                            tentang Digital Business
Introduction to Digital Innovation and Collaboration        Sharing Knowledge tentang Digital Innovation / Sharing      26/06/2023           s.d / to   26/06/2023
                                                            Knowledge on Digital Innovation
Refreshment Safety Leadership & Baturaja Risk Penyegaran tentang Safety / Refresher on Safety                           01/07/2023           s.d / to   31/07/2023
Contaiment Tahun 2023 / Refreshment Safety
Leadership & Baturaja Risk Containment in 2023
Diskusi Panel GRC Series 2023 / GRC Series 2023 Panel Sharing Session                                                   06/07/2023           s.d / to   06/07/2023
Discussion
Penilaian GCG Berdasarkan POJK 21/POJK.04/2015 Kebutuhan Kompetensi Jabatan / Job Competency                            25/07/2023           s.d / to   25/07/2023
(Tentang Penerapan Pedoman Tata Kelola Perusahaan Requirement
Tbk) / GCG Assessment Based on POJK 21/
POJK.04/2015 (Regarding the Implementation of Tbk
Corporate Governance Guidelines)
Learn and Share Pemilihan Gear Box dan Pengenalan Sharing Session                                                       13/06/2023           s.d / to   13/06/2023
Master Gear Kiln dan Cement Mill Merk Sew Eurodrive”
/ Learn and Share Gear Box Selection and Introduction
to Master Gear Kiln and Cement Mill Sew Eurodrive
Brand “
E-Learning     Bimtek    Peningkatan   Pemahaman Sharing Knowledge tentang gratifikasi / Sharing                        31/07/2023           s.d / to   02/08/2023
Gratifikasi / E-Learning on Technical Guidelines to Knowledge on gratuity
Increase Understanding of Gratuity
E-Learning Refreshment Safety leadership & Baturaja Penyegaran tentang Safety / Refreshment on Safety                   01/08/2023           s.d / to   31/08/2023
Risk Contaiment Tahun 2023 / E-Learning Refreshment
Safety leadership & Baturaja Risk Containment in 2023




230          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                         Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                         Management Discussion and Analysis          Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                        Sumber Daya Manusia (SDM)
                                                                                                           Human Resources (HR)


                      Program                                                    Tujuan / Objective                       Waktu Pelaksanaan / Implementation Date
Pelatihan & Sertifikasi Qualified Risk Management Kebutuhan Kompetensi Jabatan / Job Competency                             30/08/2023                        01/09/2023
Officer (QRMO) / Qualified Risk Management Officer Requirement
(QRMO) Training & Certification
Online Course - Advanced Pricing Management and Sharing Knowledge tentang Management dan strategy                            17/07/2023            s.d / to   17/07/2023
Strategy                                        / Sharing Knowledge on Management and strategy
Learn & Share SHE Leader Talks Implementasi Sistem Sharing Knowledge tentang K3 / Sharing Knowledge                          07/07/2023            s.d / to   07/07/2023
Manajemen K3 / Learn & Share SHE Leader Talks on OHS
Implementation of the OHS Management System
Learn & Share - CEO TALK & BUSINESS BRIEFING - SIG Sharing Session                                                          02/08/2023             s.d / to   02/08/2023
AKHLAK CULTURE FESTIVAL 2023
Online Course - Strategic Business Analysis                   Sharing Knowledge                                             14/08/2023             s.d / to   14/08/2023
Online Training - Sertifikasi Pengawas Operasional Kebutuhan Kompetensi Jabatan / Job Competency                             21/08/2023            s.d / to   25/08/2023
Utama / Online Training - Main Operations Supervisor Requirement
Certification
E-Learning Refreshment Safety leadership & Baturaja Penyegaran tentang Safety / Refresher on Safety                         01/09/2023             s.d / to   29/09/2023
Risk Contaiment Tahun 2023 / E-Learning Refreshment
Safety leadership & Baturaja Risk Containment in 2023
Health Talk : “Waspada Infeksi Saluran Pernapasan Sharing Knowledge                                                          13/09/2023            s.d / to   13/09/2023
Akut (ISPA)” / Health Talk: “Beware of Acute Respiratory
Infections (ARI)”
Learn & Share “ Penulisan & Penyusunan Makalah” / Peningkatan pengetahuan tentang                       makalah      /      22/09/2023             s.d / to   22/09/2023
Learn & Share “Writing & Preparing Papers”        Knowledge improvement on papers
Online Course “ Marketing Management”                         Peningkatan  pengetahuan    tentang   marketing               26/09/2023             s.d / to   26/09/2023
                                                              management / Knowledge improvement on marketing
                                                              management
Learn and Share “Green Leadership dan Inovasi Sosial Sharing Knowledge tentang PROPER Emas / Sharing                        27/09/2023             s.d / to   27/09/2023
dalam Penilaian PROPER Emas” / Learn and Share Knowledge on Gold PROPER
“Green Leadership and Social Innovation in the Gold
PROPER Assessment”
Unlocking Sustainable Success : Navigating Business Sharing Knowledge                                                       27/09/2023             s.d / to   27/09/2023
Beyond Environmental Concerns”
Online Course “Sistem Otomasi Industri“ / Online Course Peningkatan pengetahuan tentang Otomasi industri /                  02/10/2023             s.d / to   03/10/2023
“Industrial Automation Systems”                         Knowledge improvement on Industrial Automation
Praktisi Mengajar Fakultas Hukum Universitas Bosowa Sharing Session                                                          10/10/2023            s.d / to   16/10/2023
/ Teaching Practitioner, Faculty of Law, Universitas
Bosowa
Bimtek Peningkatan Pemahaman Gratifikasi / Technical Sharing Knowledge tentang Pemahaman Gratifikasi /                       26/10/2023            s.d / to   28/10/2023
Guidance to Improve Understanding of Gratuity        Sharing Knowledge on Understanding Gratuity
Pelatihan & Ujian Sertifikasi Risk Management Kebutuhan Kompetensi Jabatan / Job Competency                                  17/10/2023            s.d / to   20/10/2023
Program ERM Implementation (QCRO – Qualified Chief Requirement
Risk Officer) / ERM Implementation Program Risk
Management Certification Training & Exam (QCRO –
Qualified Chief Risk Officer)
Learning with The Expert #2 dengan topik “Managing Sharing Session                                                           25/10/2023            s.d / to   25/10/2023
Corporate Communication” / Learning with The Expert
#2 with the topic “Managing Corporate Communication”
Healthy Talk dengan topik “SADARI (perikSA payuDAra Sharing Knowledge                                                        27/10/2023            s.d / to   27/10/2023
sendiRI) : Deteksi Dini Kanker Payudara” / Healthy Talk
with the topic “ examine your breasts: Early Detection
of Breast Cancer”
Pelatihan dan Sertifikasi terkait Life Cycle Asessment Kebutuhan Kompetensi Jabatan / Job Competency                         12/09/2023            s.d / to   15/09/2023
(LCA) untuk PROPER / Training and Certification Requirement
related to Life Cycle Assessment (LCA) for PROPER
Online Training Kepemimpinan Pada Faktor Tolerance Peningkatan Soft Skill / Soft Skill Improvement                           03/11/2023            s.d / to   03/11/2023
Of Uncertainty Karyawan SMBR / Online Leadership
Training on the Tolerance of Uncertainty Factor for
SMBR Employees
Instr Online Training Kepemimpinan Pada Faktor Sharing sesion dan meningkatkan skill mengajar /                              03/11/2023            s.d / to   03/11/2023
Tolerance Of Uncertainty Karyawan SMBR / Instructort Sharing session and improving teaching skills
for Online Leadership Training on Tolerance Of
Uncertainty Factors for SMBR Employees
Online Training “Sertifikasi Auditor Energi & Kebutuhan Kompetensi Jabatan / Job Competency                                  15/11/2023            s.d / to   15/11/2023
Resertifikasi Manager & Auditor Energi / Online Requirement
Training “Energy Auditor Certification & Energy
Manager & Auditor Recertification




                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja               Laporan Manajemen             Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                              Performance Highlights         Management Report             Company Profile        Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)


                      Program                                                    Tujuan / Objective                     Waktu Pelaksanaan / Implementation Date
Learn and Share Financial Planning #1                      Sharing Knowledge tentang Financial Planning /                 15/11/2023           s.d / to     15/11/2023
                                                           Sharing Knowledge on Financial Planning
Sertifikasi Auditor SMK3 / OHSMS Auditor Certification Kebutuhan Kompetensi Jabatan / Job Competency                      20/11/2023           s.d / to     25/11/2023
                                                       Requirement
Praktisi Mengajar Fakultas Hukum Universitas Bosowa Sharing Knowledge                                                     21/11/2023           s.d / to     27/11/2023
/ Teaching Practitioner, Faculty of Law, Universitas
Bosowa
Technomarketing Forum dengan topik “Workforce : Peningkatan pengetahuan / Knowledge improvement                           22/11/2023           s.d / to     22/11/2023
Upskilling and Reskilling” / Technomarketing Forum
with the topic “Workforce: Upskilling and Reskilling”
Learning with The Expert (LTE) #3 dengan topik “Happy Sharing Session                                                     24/11/2023           s.d / to     24/11/2023
Changes in Turbulence” / Learning with The Expert
(LTE) #3 with the topic “Happy Changes in Turbulence”
Pelatihan & Sertifikasi Penanggulangan Pemadam Kebutuhan Kompetensi Jabatan / Job Competency                              04/12/2023           s.d / to    09/12/2023
Kebakaran Kelas B / Class B Firefighting Training & Requirement
Certification
Praktisi Mengajar Fakultas Hukum Universitas Bosowa Sharing Knowledge                                                     04/12/2023           s.d / to    05/12/2023
/ Teaching Practitioner, Faculty of Law, Universitas
Bosowa
E-Learning Refreshment Safety leadership & Baturaja Penyegaran tentang Safety / Refresher on Safety                       04/12/2023           s.d / to    09/12/2023
Risk Contaiment Tahun 2023 / E-Learning Refreshment
Safety leadership & Baturaja Risk Containment in 2023
Learn and Share “Financial Planning #2” dan Sharing Knowledge tentang Financial Planning /                                06/12/2023           s.d / to    06/12/2023
“Pengumuman Pemenang SIG Ambassador Tahun Sharing Knowledge on Financial Planning
2023 / Learn and Share “Financial Planning #2” and
“Announcement of 2023 SIG Ambassador Winners
(Online) Refreshment Sertifikasi AK3 Umum / (Online) Penyegaran tentang Safety / Refresher on Safety                      12/12/2023           s.d / to     16/12/2023
General OHS Expert Certification Refreshment
(Online) Sertifikasi Pengawas Operasional Utama / Kebutuhan Kompetensi Jabatan / Job Competency                           19/12/2023           s.d / to    23/12/2023
(Online) Main Operational Supervisor Certification Requirement
Bimtek Peningkatan Pemahaman Gratifikasi / Technical Sharing Knowledge tentang Pemahaman Gratifikasi /                    18/12/2023           s.d / to    20/12/2023
Guidance to Improve Understanding of Gratuity        Sharing Knowledge on Understanding Gratuity
Talk Show SRIKANDI SIG: Achieving Gender Equality Sharing Session                                                         22/12/2023           s.d / to    22/12/2023
through Green Innovation and Its Business Impact /
SRIKANDI SIG Talk Show: Achieving Gender Equality
through Green Innovation and Its Business Impact



INVESTASI PROGRAM PENGEMBANGAN KOMPETENSI                                              INVESTMENT IN EMPLOYEE COMPETENCY DEVELOPMENT
KARYAWAN                                                                               PROGRAM
Di tahun 2023, Perusahaan telah merealisasikan biaya                                   In 2023, the Company has realized competency development
pengembangan kompetensi bagi karyawan sebesar Rp1,12                                   costs for employees amounting to Rp1.12 billion, or 99.05%
miliar, atau mencapai 99,05% terhadap target yang telah                                of the target of Rp1.13 billion. Details of realization of targets
ditetapkan, yaitu sebesar Rp1,13 miliar. Rincian realisasi                             based on training fields, and realization of program costs
terhadap target berdasarkan bidang pelatihan, dan realisasi                            based on gender are as follows:
biaya program berdasarkan gender adalah sebagai berikut:


Realisasi Biaya Program terhadap Target Berdasarkan                                    Realization of Program Costs against Targets Based on
Bidang Pelatihan 2022 – 2023                                                           Training Fields 2022 – 2023
                                                                          2023                                                            2022
   Bidang Pelatihan / Training Field                                       Realisasi (Rp) /                                                Realisasi (Rp) /
                                                       Target (Rp)                                       %       Target (Rp)                                        %
                                                                           Realization (Rp)                                                Realization (Rp)
Bidang Teknik dan Operasi /                              1.137.132.673              582.698.630         51,24      600.000.000                      537.232.103    89,54
Engineering and Operations
Bidang Manajemen & Lainnya /                                          0             543.356.647          47,81     600.000.000                       610.795.711   101.8
Management & Others
Jumlah / Total                                           1.137.132.673             1.126.055.277       99,05     1.200.000.000                     1.148.027.814   95,67




232         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                        Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis          Good Corporate Governance                   Corporate Social and Environmental Responsibility




                                                                                                          Sumber Daya Manusia (SDM)
                                                                                                             Human Resources (HR)



Realisasi Biaya Program Berdasarkan Gender 2022 – 2023                                  Realization of Program Costs against Targets Based on
                                                                                        Gender 2022 – 2023
                                                                            2023                                                                   2022
                   Gender                              Realisasi (Rp) /                 Komposisi /                     Realisasi (Rp) /                        Komposisi /
                                                       Realization (Rp)                 Composition                     Realization (Rp)                        Composition
Laki-laki / Male                                               971.705.277                              86,29                      804.558.592                                 70,08
Perempuan / Female                                             154.350.000                              13,71                      343.469.222                                 29,92
Jumlah / Total                                                1.126.055.277                            100,00                    1.148.027.814                            100,00



PROGRAM KESELAMATAN DAN KESEHATAN                                                       OCCUPATIONAL HEALTH AND SAFETY PROGRAM
KERJA
KOMITMEN DAN KEBIJAKAN                                                                  COMMITMENT AND POLICY
Perusahaan         menempatkan             aspek        Keselamatan          dan        The Company places Occupational Health and Safety
Kesehatan Kerja (K3) sebagai prioritas utama di dalam bekerja                           (OHS) aspects as the main priority in work and activities
dan beraktivitas di lingkup Perusahaan dan merupakan                                    at the Company and is a culture that must be adhered to in
budaya yang harus dipatuhi, dalam rangka menunjang                                      supporting the sustainability of the Company's business and
keberlanjutan usaha Perusahaan serta meningkatkan nilai                                 adding value for stakeholders. Management of OHS at the
bagi para pemangku kepentingan. Pengelolaan aspek K3 di                                 Company refers to the following statutory regulations:
lingkup Perusahaan mengacu pada peraturan perundang-
undangan sebagai berikut:
1. Undang-Undang            No.       13       tahun         2003     tentang           1. Law No. 13 of 2003 on Employment
   Ketenagakerjaan
2. Undang-Undang No. 1 tahun 1970 tentang Keselamatan                                   2. Law No. 1 of 1970 on Occupational Safety
   Kerja
3. Peraturan Pemerintah No. 50 tahun 2012 tentang                                       3. Government Regulation No. 50 of 2012 on Implementation
   Penerapan        Sistem        Manajemen             Keselamatan          dan              of Occupational Health and Safety Management Systems
   Kesehatan Kerja (SMK3).                                                                    (OHSMS).
4. Undang-Undang No. 6 Tahun 2023 tentang Penetapan                                     4. Law No. 6 of 2023 concerning the Stipulation of
   Peraturan Pemerintah pengganti Undang-Undang No. 2                                         Government Regulations in Lieu of Law No. 2 of 2022
   tahun 2022 tentang Cipta Kerja menjadi Undang-Undang.                                      concerning Job Creation to Become Law.


Dalam perencanaan kegiatan K3, Perusahaan wajib untuk                                   In planning OHS activities, the Company is obliged to
melaksanakan syarat–syarat keselamatan dan kesehatan                                    implement Occupational Health and Safety requirements for
kerja untuk kepentingan Perusahaan maupun kepentingan                                   the interests of the Company and employees in accordance
karyawan sesuai dengan peraturan perundang-perundangan                                  with applicable laws and regulations, which include:
yang berlaku, yang mencakup:
1. Perseroan wajib untuk melaksanakan syarat–syarat                                     1. The Company is obliged to implement Occupational
   keselamatan dan kesehatan kerja untuk kepentingan                                          Health and Safety requirements for the interests of the
   Perseroan maupun kepentingan karyawan sesuai dengan                                        Company and employees in accordance with applicable
   peraturan perundang-perundangan yang berlaku.                                              laws and regulations.
2. Perseroan        menyelenggarakan              pembinaan         karyawan            2. The         Company            organizes             employee            training     for
   untuk keselamatan dan kesehatan kerja serta membentuk                                      Occupational Health and Safety and forms an Occupational
   panitia pembina keselamatan dan kesehatan kerja (P2K3).                                    Health and Safety advisory committee (P2K3).




                                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile       Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)



3. Perusahaan menyediakan alat–alat keselamatan kerja                         3. The Company provides work safety equipment as
   diatur dalam peraturan pelaksanaan dengan keputusan                           regulated in implementing regulations by decision of the
   direksi.                                                                      board of directors.
4. Karyawan wajib mengikuti, menaati segala bentuk                            4. Employees are obliged to comply with all forms of
   peraturan, ketentuan dan prosedur seperti tanda/rambu                         regulations, provisions and procedures such as signs/
   atau tulisan yang berkaitan dengan norma keselamatan                          signs or writings relating to Occupational Health and
   dan kesehatan kerja.                                                          Safety norms.
5. Karyawan wajib memakai dan memelihara alat-alat/                           5. Employees are required to use and maintain work safety
   perlengkapan keselamatan kerja dengan baik dan teliti                         tools/equipment properly and carefully and maintain a
   serta memelihara lingkungan kerja yang aman.                                  safe work environment.
6. Karyawan wajib segera melaporkan kepada atasan                             6. Employees are obliged to immediately report to their
   atau petugas lainnya, bila terdapat sumber bahaya atau                        superiors or other officers if there is a source of danger or
   kejadian kecelakaan.                                                          accident.


PANITIA PEMBINA KESELAMATAN DAN KESEHATAN                                     OCCUPATIONAL           HEALTH          AND          SAFETY   ADVISORY
KERJA (P2K3)                                                                  COMMITTEE (P2K3)
Perusahaan telah membentuk Panitia Pembina Keselamatan                        The Company has established an Occupational Health and
dan Kesehatan Kerja (P2K3) sebagai wadah partisipasi                          Safety Advisory Committee (P2K3) as a forum for employee
karyawan dalam penerapan K3 di tempat kerja. Tugas pokok                      participation in implementing OHS in the workplace. The
P2K3 sebagai suatu badan pembantu di tempat kerja ialah                       P2K3 has the main duty of being an auxiliary body at work to
memberikan saran-saran dan pertimbangan, baik diminta                         provide suggestions and considerations, whether requested
maupun tidak, kepada pengusaha/pengurus tempat kerja                          or not, to the employers/workplace administrators concerned
yang bersangkutan mengenai masalah-masalah keselamatan                        regarding Occupational Health and Safety issues.
dan kesehatan kerja.


Dalam implementasinya, anggota P2K3 mewakili seluruh                          In its implementation, P2K3 members represent all permanent
karyawan tetap dalam menyampaikan usulan, masukan,                            employees in providing suggestions, feedback, and criticisms
maupun kritik terkait pelaksanaan K3. P2K3 telah dibentuk                     on the implementation of OHS practices. The committee
di 3 (tiga) site yang terdiri dari ketua, wakil ketua, sekretaris,            is established at three different sites, each comprising a
bidang keselamatan kerja, bidang kesehatan kerja, dan                         chairperson, vice-chairman, secretary, work safety sector,
bidang lingkungan kerja. P2K3 juga melakukan monitoring dan                   occupational health sector, and work environment sector.
evaluasi terhadap pelaksanaan safety talk/toolbox meeting                     Additionally, P2K3 monitors and evaluates the implementation
harian di tiap unit kerja dalam upaya pencegahan kecelakaan.                  of daily safety talks or toolbox meetings in each work unit to
                                                                              prevent accidents.


Hingga 31 Desember 2023, susunan Panitia Pembina                              As of December 31, 2023, the composition of the Occupational
Keselamatan dan Kesehatan Kerja (P2K3) adalah sebagai                         Health and Safety Advisory Committee (P2K3) is as follows:
berikut:


Panitia Pembina Keselamatan dan Kesehatan Kerja (P2K3)                        Occupational Health and Safety Advisory Committee
Tahun 2023                                                                    (P2K3) in 2023
     Struktur Organisasi P2K3 / P2K3 Organizational Structure                                            Nama / Name
                                                                      Site Palembang
                              Ketua / Head                                                             Ramlan Wahyudi
                      Wakil Ketua / Deputy Head                                                          Surya Asmara
                        Sekretaris / Secretary                                                        Imam Pratama Azi



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Page 237
                          Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                          Management Discussion and Analysis          Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                          Sumber Daya Manusia (SDM)
                                                                                                             Human Resources (HR)



       Struktur Organisasi P2K3 / P2K3 Organizational Structure                                                        Nama / Name
        Bidang Keselamatan Kerja / Occupational Safety Sector                                                           Riza Aprianto
         Bidang Kesehatan Kerja / Occupational Health Sector                                                       Nurdias Ramadhani
         Bidang Lingkungan Kerja / Work Environment Sector                                                          Imam Pratama Az
                                                                              Site Baturaja
                                 Ketua / Head                                                                          Adi Oktaviandi
                         Wakil Ketua / Deputy Head                                                             Hendry Irawan Manuhutu
                           Sekretaris / Secretary                                                                           Meriadi
        Bidang Keselamatan Kerja / Occupational Safety Sector                                                       Mgs. Ach. Fatahilla
         Bidang Kesehatan Kerja / Occupational Health Sector                                                           Robbi Santoso
         Bidang Lingkungan Kerja / Work Environment Sector                                                            Marta Syahbana
                                                                              Site Panjang
                                 Ketua / Head                                                                    Kristan Teguh Prawito
                         Wakil Ketua / Deputy Head                                                                      Andy Aprizal
                           Sekretaris / Secretary                                                                  Agussatria Wardana
        Bidang Keselamatan Kerja / Occupational Safety Sector                                                               Yurnalis
         Bidang Kesehatan Kerja / Occupational Health Sector                                                            Eri Noprianto
         Bidang Lingkungan Kerja / Work Environment Sector                                                          Hadi Yulimansyah



SERTIFIKASI KARYAWAN DI BIDANG K3                                                         EMPLOYEE CERTIFICATION IN OHS
Perusahaan          senantiasa         melakukan               pembinaan       dan        Perusahaan The Company always carries out employee
pengembangan karyawan untuk memenuhi kompetensi                                           coaching and development to fulfill the basic competencies
dasar dan kompetensi teknis keahlian yang dibutuhkan untuk                                and technical expertise required to produce competent and
menghasilkan SDM yang berkompeten dan profesional di                                      professional human resources in OHS. Employee competency
bidang K3. Pengembangan kompetensi karyawan di bidang                                     development in OHS is carried out through learning methods
K3 dilakukan melalui metode pembelajaran yang meliputi on                                 which include on-the-job training, participation in seminars,
the job training, penyertaan dalam seminar, pelatihan dan                                 training and certification programs. Information on employee
program sertifikasi. Informasi sertifikasi karyawan di bidang                             certification in the OHS sector that is still valid is as follows:
K3 yang masih berlaku adalah sebagai berikut:


Daftar Sertifikasi Karyawan di Bidang K3                                                  List of Employee Certifications in OHS
                                                                                                                                                       Masa Berlaku /
  No                Nama / Name                                             Sertifikasi / Certification
                                                                                                                                                       Validity Period
   1      Ari Bagito                          Pembinaan Pengawasan Norma K3 (AK3 Umum) / Development of Supervision                           28 Februari 2028 / February
                                              of OHS Norms (General OHS Expert)                                                                        28, 2028
   2      Ocvein Tryo Naldo                   Pembinaan Pengawasan Norma K3 (AK3 Umum) / Development of Supervision                           28 Februari 2028 / February
                                              of OHS Norms (General OHS Expert)                                                                        28, 2028
   3      Rio Julianto                        Pembinaan Pengawasan Norma K3 (AK3 Umum) / Development of Supervision                           28 Februari 2028 / February
                                              of OHS Norms (General OHS Expert)                                                                        28, 2028
   4      Randy Prayuda                       Pembinaan Pengawasan Norma K3 (AK3 Umum) / Development of Supervision                           28 Februari 2028 / February
                                              of OHS Norms (General OHS Expert)                                                                        28, 2028
          Meriadi                             Pembinaan Pengawasan Norma K3 (AK3 Umum) / Development of Supervision                           28 Februari 2028 / February
                                              of OHS Norms (General OHS Expert)                                                                        28, 2028
   6      Agussatria Wardana                  Pembinaan K3 Bidang P3K di Tempat Kerja / OHS Development in First Aid at                                19 Maret 2023 /
                                              Work                                                                                                     March 19, 2023
   7      Moh Herdy Ariansyah                 Pembinaan K3 Bidang P3K di Tempat Kerja / OHS Development in First Aid at                                19 Maret 2023 /
                                              Work                                                                                                     March 19, 2023
   8      Maulana Furqon                      Pembinaan K3 Bidang P3K di Tempat Kerja / OHS Development in First Aid at                                19 Maret 2023 /
                                              Work                                                                                                     March 19, 2023
   9      Nurdias Ramadhani                   Pembinaan K3 Bidang P3K di Tempat Kerja / OHS Development in First Aid at                                19 Maret 2023 /
                                              Work                                                                                                     March 19, 2023



                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja              Laporan Manajemen          Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                             Performance Highlights        Management Report          Company Profile        Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)


                                                                                                                                               Masa Berlaku /
  No           Nama / Name                                             Sertifikasi / Certification
                                                                                                                                               Validity Period
  10    Muhammad Akbar                     Pembinaan K3 Bidang P3K di Tempat Kerja / OHS Development in First Aid at                           19 Maret 2023 /
                                           Work                                                                                                March 19, 2023
   11   Aryo Wahyudi                       Pembinaan Teknik K3 Bidang Kimia / OHS Engineering Development in                          20 Agustus 2023 / August
                                           Chemistry                                                                                          20, 2023
  12    Rio Julianto                       Petugas Peran Kebakaran Kelas D / Class D Firefighter Role                                     30 November 2023 /
                                                                                                                                          November 30, 2023
  13    Hady Salaam                        Pembinaan K3 Bidang P3K di Tempat Kerja / OHS Technician/Test Inspection                                  2029
                                           Officer in the Lift and Transport Aircraft Sector
  14    Yudi Apriansyah                    K3 Teknisi/ Petugas Pemeriksaan Pengujian Bidang Pesawat Angkat Angkut                              15 Maret 2024 /
                                           / OHS Technician/Test Inspection Officer in the Lift and Transport Aircraft                          March 15, 2024
                                           Sector
  15    Indra Hajiman                      K3 Teknisi/ Petugas Pemeriksaan Pengujian Bidang Pesawat Angkat Angkut                              15 Maret 2024 /
                                           / OHS Technician/Test Inspection Officer in the Lift and Transport Aircraft                         March 15, 2024
                                           Sector
  16    Novriandi                          K3 Teknisi/ Petugas Pemeriksaan Pengujian Bidang Pesawat Angkat Angkut                              15 Maret 2024 /
                                           / OHS Technician/Test Inspection Officer in the Lift and Transport Aircraft                         March 15, 2024
                                           Sector
   17   Didi Ari Prawira                   K3 Teknisi/ Petugas Pemeriksaan Pengujian Bidang Pesawat Angkat Angkut                              15 Maret 2024 /
                                           / OHS Technician/Test Inspection Officer in the Lift and Transport Aircraft                         March 15, 2024
                                           Sector
  18    Yudi Apriansyah                    Sertifikasi Operator Mobile Crane Kelas 2 / Class 2 Mobile Crane Operator                           02 April 2024 /
                                           Certification                                                                                       April 02, 2024
  19    Sudarsono                          Sertifikasi Operator Mobile Crane Kelas 3 / Class 3 Mobile Crane Operator                           02 April 2024 /
                                           Certification                                                                                       April 02, 2024
  20    Novriandi                          Sertifikasi Operator Mobile Crane / Mobile Crane Operator Certification                             02 April 2024 /
                                                                                                                                               April 02, 2024
  21    Yudi Apriansyah                    Sertifikasi Juru Ikat (Rigger) / Rigger Certification                                          30 Desember 2023 /
                                                                                                                                          December 30, 2023
  22    Sudarsono                          Sertifikasi Juru Ikat (Rigger) / Rigger Certification                                          30 Desember 2023 /
                                                                                                                                          December 30, 2023
  23    Novriandi                          Sertifikasi Juru Ikat (Rigger) / Rigger Certification                                          30 Desember 2023 /
                                                                                                                                          December 30, 2023
  24    Jumairi                            Sertifikasi Operator CCR Raw Mill / CCR Raw Mill Operator Certification                            03 Oktober 2023 /
                                                                                                                                              October 03, 2023
  25    Epandriansa                        Sertifikasi Operator CCR Raw Mill / CCR Raw Mill Operator Certification                            03 Oktober 2023 /
                                                                                                                                              October 03, 2023
  26    Yuda Prawinata                     Sertifikasi Operator CCR Kiln / CCR Kiln Operator Certification                                    03 Oktober 2023 /
                                                                                                                                              October 03, 2023
  27    Moch. Fachrurohman                 Sertifikasi Operator CCR Kiln / CCR Kiln Operator Certification                           03 Oktober 2023 / October
                                                                                                                                             03, 2023
  28    Doris Wely Rusdi                   Sertifikasi Operator CCR Cement Mill / CCR Cement Mill Operator Certification                      03 Oktober 2023 /
                                                                                                                                              October 03, 2023
  29    Burhanudin                         Sertifikasi Operator CCR Cement Mill / CCR Cement Mill Operator Certification                      03 Oktober 2023 /
                                                                                                                                              October 03, 2023


CAPAIAN KESELAMATAN DAN KESEHATAN KERJA                                          OCCUPATIONAL HEALTH AND SAFETY ACHIEVEMENTS
Perusahaan senantiasa berupaya untuk meningkatkan kinerja                        The      Company         continuously         strives          to   improve      the
aspek Keselamatan dan Kesehatan Kerja serta Lingkungan                           performance of Occupational Health and Safety and the
Hidup (K3LH). Hal ini dilakukan untuk meminimalisir                              Environment (HSE) aspects to minimize work accidents and
kecelakaan kerja dan penyakit yang diakibatkan dari                              illnesses resulting from the work environment which may
lingkungan kerja yang berdampak terhadap kesehatan                               impact employee health. Statistical information on work
karyawan. Informasi statistik tingkat kecelakaan kerja di                        accident rates at the Company's 3 (three) sites, namely the
3 (tiga) site milik Perusahaan, yakni Site Palembang, Site                       Palembang Site, Baturaja Site and Panjang Site in the last 3
Baturaja, dan Site Panjang dalam 3 (tiga) tahun terakhir adalah                  (three) years is as follows:
sebagai berikut:




236        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                       Analisis dan Pembahasan Manajemen      Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis     Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                                                  Sumber Daya Manusia (SDM)
                                                                                                     Human Resources (HR)



Statistik Kecelakaan Kerja 2021 – 2023                                            Work Accident Statistics in 2021 – 2023
         Uraian / Description                               2023                                    2022                                             2021
                                                                    Site Palembang
Cidera Ringan / Minor Injury                                 0                                        0                                                  0
Cidera Berat / Serious Injury                                0                                        0                                                  0
Meninggal Dunia / Fatality                                   0                                        0                                                  0
                                                                      Site Baturaja
Cidera Ringan / Minor Injury                                 0                                        0                                                  0
Cidera Berat / Serious Injury                                0                                        0                                                  0
Meninggal Dunia / Fatality                                   0                                        0                                                  0
                                                                      Site Panjang
Cidera Ringan / Minor Injury                                 0                                        0                                                  0
Cidera Berat / Serious Injury                                0                                        0                                                  0
Meninggal Dunia / Fatality                                   0                                        0                                                  0


Secara berkala, Perusahaan berusaha untuk mewujudkan                              Periodically, the Company strives to ensure that there are zero
tidak terdapat kecelakaan kerja (zero accident) yang terjadi                      work accidents at the Company. This effort is the Company's
di lingkungan kerja Perusahaan. Upaya ini menjadi komitmen                        commitment to carrying out safe and comfortable operations
Perusahaan dalam melaksanakan operasional yang aman, dan                          in accordance with standard security procedures.
nyaman serta sesuai dengan standar prosedur keamanan.


SERTIFIKASI DAN PENGHARGAAN BIDANG K3                                             OHS CERTIFICATION AND AWARDS
Informasi sertifikasi bidang K3 yang diperoleh Perusahaan                         Information on OHS certification obtained by the Company
dan masih berlaku di tahun 2023, serta penghargaan bidang                         and still valid in 2023, as well as OHS awards achieved by the
K3 yang berhasil diraih Perusahaan di sepanjang tahun 2023                        Company throughout 2023 are as follows:
adalah sebagai berikut:
Tabel Sertifikasi Bidang K3                                                       Table of OHS Certification
                                                                                                                              Diterima /                 Masa Berlaku /
  No               Sertifikasi / Certification Title                               Pemberi / Issued By
                                                                                                                             Year Issued                 Validity Period
        Sistem Manajemen Keselamatan dan Kesehatan
                                                   Kementerian Ketenagakerjaan Republik
        Kerja Pabrik Palembang / Palembang Plant
   1                                               Indonesia / Ministry of Manpower of the                                        2023                        2026
        Occupational Health and Safety Management
                                                           Republic of Indonesia
        System
        Sistem Manajemen Keselamatan dan Kesehatan Kementerian Ketenagakerjaan Republik
   2    Kerja Pabrik Baturaja / Baturaja Plant Occupational Indonesia / Ministry of Manpower of the                               2023                        2026
        Health and Safety Management System                         Republic of Indonesia
        Sistem Manajemen Keselamatan dan Kesehatan Kementerian Ketenagakerjaan Republik
   3    Kerja Pabrik Panjang / Panjang Plant Occupational Indonesia / Ministry of Manpower of the                                 2023                        2026
        Health and Safety Management System                       Republic of Indonesia



Tabel Penghargaan Bidang K3 Tahun 2023                                            Table of OHS Awards in 2023
Penghargaan / Award Title               Penyelenggara / Organizer                        Cakupan / Level                        Perolehan / Awarded To
                              Kementerian Ketenagakerjaan RI /
Penghargaan Kecelakaan                                                                                              Site Palembang, Site Baturaja, and Site
                            Ministry of Manpower of the Republic of                    Nasional / National
Nihil / Zero Accident Award                                                                                                       Panjang
                                           Indonesia




                                                                                                           2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                     237
Page 240
                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Sumber Daya Manusia (SDM)
Human Resources (HR)



PENILAIAN MANAJEMEN ATAS CAPAIAN PENGELOLAAN K3                              MANAGEMENT ASSESSMENT OF OHS ACHIEVEMENTS
Perusahaan menyadari bahwa Sumber Daya Manusia (SDM)                         The Company acknowledges that its Human Resources (HR)
adalah aset penting bagi Perusahaan yang memiliki peranan                    are a crucial asset that plays a strategic role in driving the
strategis dalam menggerakkan roda operasional demi                           operations to achieve targets, work plans, and the Company’s
mendorong tercapainya target dan rencana kerja serta visi                    vision and mission.
dan misi Perusahaan.


Perusahaan selalu berupaya untuk memenuhi hak-hak                            The Company always strives to fulfill employee rights in
karyawan sesuai ketentuan peraturan perundang-undangan                       compliance with applicable laws and regulations, such
yang berlaku, karena dalam hal ini adalah Undang-                            as the Republic of Indonesia’s Manpower Law No. 13 of
Undang Republik Indonesia No. 13 tahun 2003 tentang                          2003 and Law No. 6 of 2023 concerning the Stipulation
Ketenagakerjaan dan Undang-Undang No. 6 Tahun 2023                           of Government Regulations in Lieu of Law No. 2 of 2022
tentang Penetapan Peraturan Pemerintah pengganti Undang-                     concerning Job Creation to Become Law. Additionally, the
Undang No. 2 tahun 2022 tentang Cipta Kerja menjadi                          Company prioritizes the Occupational Health and Safety
Undang-Undang. Selain aspek ketenagakerjaan, Perusahaan                      (OHS) aspects for its employees, as stated in the Republic of
juga memprioritaskan aspek Kesehatan dan Keselamatan                         Indonesia’s Work Safety Law No. 1 of 1970 and the Minister of
Kerja (K3) bagi karyawan sebagaimana diatur dalam Undang-                    Manpower’s Regulation No. 50 of 2012 on the Implementation
Undang Republik Indonesia No. 1 Tahun 1970 tentang                           of the Occupational Health and Safety Management System
Keselamatan Kerja dan Peraturan Menteri Tenaga Kerja                         (OHSMS). These regulations serve as the foundation for
No. 50 Tahun 2012 tentang Penerapan Sistem Manajemen                         the Company in establishing industrial relations with its
Keselamatan dan Kesehatan Kerja (SMK3). Aturan tersebut                      employees.
menjadi landasan bagi Perusahaan dalam menjalin hubungan
Industrial dengan karyawan.


Di tahun 2023, Perusahaan menilai manajemen yang                             In 2023, the Company assesses that the management has
dilakukan dalam pengelolaan K3 telah dilakukan dengan baik.                  implemented OHS properly. The Company achieved another
Perusahaan kembali memperoleh kinerja operasional dengan                     operational performance with Zero Accident at the Baturaja,
Zero Accident di Site Baturaja, Palembang dan Panjang.                       Palembang, and Panjang sites. This is recognition and
Upaya tersebut menjadi sebuah apresiasi atas kerja nyata                     appreciation of the collective effort and commitment of all
seluruh pekerja maupun mitra perusahaan untuk penerapan                      employees and company partners towards ensuring safety in
Safety di setiap pekerjaan di Perusahaan, pencapaian dan                     every job at the Company. This accomplishment and ongoing
kerja nyata ini secara berkelanjutan terus dilakukan bersama-                commitment will be sustained together to shape a better
sama untuk masa depan Perusahaan yang lebih baik.                            future for the Company.


Perusahaan Bersama seluruh insan SMBR menerapkan                             The Company and all SMBR employees implement the
budaya K3 secara baik dan menyeluruh. Komitmen Manajemen                     OHS culture well and comprehensively. The commitment
dan seluruh insan Semen Baturaja dalam mempertahankan                        of Management and all Semen Baturaja employees in
budaya K3 yang telah terbentuk diharapkan dapat semakin                      maintaining the OHS culture is expected further support
mendukung kinerja produksi perusahaan. Budaya K3 yang                        the Company's production performance. The OHS culture
membutuhkan waktu dan proses yang kompleks untuk                             necessitates time and a complex process to transform safety
mengubah perilaku keselamatan terhadap semua orang yang                      behavior towards every individual involved in every aspect
terlibat dalam setiap lini perusahaan merupakan sebuah                       of the Company, as it is a product of individual values that
produk dari nilai dalam individu yang menentukan komitmen                    determine one’s commitment to act.
untuk melakukan sesuatu.




238       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 241
                    Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis        Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                                                    Sumber Daya Manusia (SDM)
                                                                                                       Human Resources (HR)



RENCANA PENGELOLAAN DAN PENGEMBANGAN                                              HR MANAGEMENT AND DEVELOPMENT PLAN
SDM TAHUN 2024                                                                    FOR 2024
Perusahaan telah menyusun rencana pengembangan SDM                                The Company has prepared an HR development plan for the
untuk tahun mendatang. Rencana tersebut dibuat untuk                              coming year to support the strategic initiative of developing
mendukung inisiatif strategis Pengembangan SDM Unggul                             excellent and quality human resources. Information on HR
dan berkualitas. Informasi rencana pengembangan SDM dan                           development plans and Company Organizational Design with
Desain Organisasi Perusahaan dengan program kerja yang                            work programs to be carried out in 2024 is as follows:
akan dilakukan di tahun 2024 adalah sebagai berikut:
1. Restrukturisasi Organisasi                                                     1. Organizational Restructuring
   Perusahaan melakukan tinjauan organisasi dari sisi                                   The Company holds an organizational review for the
   strategi bisnis dan visi misi Perusahaan. Diharapkan                                 Company's business strategy and vision and mission. This
   proses evaluasi terkait struktur organisasi dapat                                    organizational restructuring aims to increase productivity
   meningkatkan produktivitas dan proses bisnis yang                                    and realize more optimal business processes
   berjalan lebih optimal
2. Penempatan Personil                                                            2. Personnel Placement
   Perusahaan melakukan proses penempatan kembali,                                      The Company carries out the process of redeployment,
   mutasi, promosi atau Employee on Duty terkait perubahan                              transfer, promotion or Employee on Duty related to
   struktur organisasi                                                                  changes in organizational structure
3. Penyusunan Job Grading                                                         3. Preparation of Job Grading
   Perusahaan melaksanakan program Evaluasi Jabatan                                     The Company implements a Position Evaluation program
   untuk membantu mengukur nilai jabatan pada setiap                                    to measure the value of the position in each position in the
   jabatan yang ada di Perusahaan. Hal ini diharapkan akan                              Company. This shall affect the amount of remuneration
   berpengaruh kepada besaran remunerasi pada setiap                                    for each position which will be adjusted to the value of the
   jabatan yang akan disesuaikan terhadap nilai jabatan                                 position.
   tersebut.
4. Kamus Kompetensi Jabatan                                                       4. Job Competency Dictionary
   Perusahaan menyesuaikan kamus kompetensi jabatan                                     The Company adjusts the job competency dictionary
   terkait perubahan struktur organisasi dan pemenuhan                                  related to changes in organizational structure and
   kompetensi jabatan yang ada di Perusahaan.                                           fulfillment of existing job competencies in the Company.
5. Lean Learning Need Diagnostic (LND)                                            5. Lean Learning Need Diagnostic (LND)
   Perusahaan melaksanakan program LND dalam penentuan                                  The Company implements the LND program to determine
   pemenuhan kebutuhan kompetensi berdasarkan silabus                                   the fulfillment of competency needs based on the position
   kompetensi jabatan.                                                                  competency syllabus.
6. Integrasi Manajemen Kinerja                                                    6. Performance Management Integration
   Pasca integrasi Perusahaan dengan SIG, Perusahaan                                    After the integration of the Company with SIG, the
   melaksanakan     program          Manajemen           Kinerja     yang               Company implements a Performance Management
   dilakukan untuk mengukur kinerja dan memastikan                                      program to measure performance and ensure the best
   kontribusi terbaik dari karyawan serta pencapaian target                             contribution from employees as well as achieving targets
   dan keberhasilan berkelanjutan dari perusahaan.                                      and sustainable success of the Company.
7. Penyelarasan Human Capital Policy                                              7. Human Capital Policy Alignment
   Perusahaan melaksanakan penyelarasan policy dengan                             The Company carries out policy alignment with SIG to
   SIG untuk mempermudah dalam kolaborasi terkait                                       facilitate collaboration regarding HC development.
   pengembangan SDM.




                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                         239
Page 242
                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile           Overview on Business Supports




Teknologi Informasi dan Komunikasi (TIK)
Information and Communication Technology (ICT)

Teknologi Informasi (TI) atau Information and Communication                   Information            Technology         (IT)       or         Information     and
Technology (ICT) menjadi aspek penting untuk mendukung                        Communication Technology (ICT) is a crucial aspect to support
perkembangan dan kemajuan Perusahaan. Cepat dan                               the development and progress of the Company. The speed
pesatnya perubahan teknologi menuntut Perusahaan agar                         and rapidity of technological change requires companies to
lebih adaptif untuk mengikuti dinamika perubahan bisnis di                    be more adaptive to follow the dynamics of business changes
masa mendatang. Perusahaan diharuskan mengadaptasi dan                        in the future. The Company must adapt and use the latest
menggunakan teknologi terkini untuk menjangkau aset-aset                      technology to reach vital assets, increase efficiency and
vital, meningkatkan efisiensi dan produksi, serta menekan                     production, and reduce the impact on the environment as low
serendah mungkin dampak terhadap lingkungan dalam setiap                      as possible in every production process.
proses produksi yang dilakukan Perusahaan.


Perusahaan memandang bahwa salah satu unsur utama                             The    Company           recognizes          that         the     utilization   and
sebagai key enabler dalam merealisasikan strategi bisnis                      development of Information and Communication Technology
adalah pemanfaatan dan pengembangan ICT. Perusahaan                           (ICT) is a key enabler in achieving its business strategy.
senantiasa     berupaya        untuk         terus    mengembangkan           Therefore, the Company is committed to continuously
pengelolaan ICT berdasarkan industri 4.0 melalui pemanfaatan                  improving its ICT management through the adoption of
teknologi Internet of Things (IoT), Artificial Intelligence (AI),             industry 4.0 technologies such as Internet of Things (IoT),
otomasi pabrik, serta digital platform bisnis. Dengan ICT yang                artificial intelligence, plant automation, and digital business
memadai, diharapkan ICT dapat berperan sebagai peranti                        platforms. ICT plays a crucial role as a tool that generates
yang menghasilkan dan mengelola aset berupa data dan                          and manages valuable data and information for the Company.
informasi berharga milik Perusahaan. Pengembangan ICT                         Furthermore, the development of ICT is expected to enhance
juga akan memudahkan dan meningkatkan efektivitas proses                      the effectiveness of the company’s communication, decision-
komunikasi, pengambilan keputusan serta pelaksanaan                           making, and operational activities.
kegiatan operasional Perusahaan.




240        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                             Teknologi Informasi dan Komunikasi (TIK)
                                                   Information and Communication Technology (ICT)



DASAR KEBIJAKAN PENGELOLAAN SERTA                                             POLICY BASIS FOR INFORMATION AND
PENGEMBANGAN TEKNOLOGI INFORMASI DAN                                          COMMUNICATION TECHNOLOGY MANAGEMENT
KOMUNIKASI PERUSAHAAN                                                         AND DEVELOPMENT
Dasar kebijakan pengelolaan serta pengembangan teknologi                      The Company's information and communication technology
informasi dan komunikasi Perusahaan adalah sebagai                            management and development policies refers to the
berikut:                                                                      following:
1. Undang-Undang Republik Indonesia No. 40 Tahun 2007                         1. Law of the Republic of Indonesia No. 40 of 2007 on
   tentang Perseroan Terbatas                                                       Limited Liability Companies
2. Peraturan Presiden Republik Indonesia No. 54 Tahun 2018                    2. Presidential Regulation of the Republic of Indonesia No.
   tentang Strategi Nasional Pencegahan Korupsi                                     54 of 2018 on National Strategy for Preventing Corruption
3. Peraturan Menteri BUMN No. 01 Tahun 2011 tentang                           3. Minister of SOE Regulation No. 01 of 2011 on
   Penerapan Tata Kelola Perusahaan yang Baik (Good                                 Implementation of Good Corporate Governance in State-
   Corporate Governance) pada Badan Usaha Milik Negara,                             Owned Enterprises, last amended by Minister of State-
   yang terakhir diubah melalui Peraturan Menteri BUMN No.                          Owned Enterprises Regulation No. PER-09/MBU/2012 of
   PER-09/MBU/2012 Tahun 2012                                                       2012
4. Peraturan Menteri BUMN No. PER-02/MBU/2013 Tahun                           4. Minister of SOE Regulation No. PER-02/MBU/2013 of
   2013 tentang Panduan Penyusunan Tata Kelola Teknologi                            2013 on Guidelines for Preparing Information Technology
   Informasi Badan Usaha Milik Negara, yang terakhir                                Governance for State-Owned Enterprises, last amended
   diubah melalui Peraturan Menteri BUMN No. PER-03/                                through Minister of SOE Regulation No. PER-03/
   MBU/02/2018 Tahun 2018                                                           MBU/02/2018 of 2018
5. Pedoman Good Corporate Governance PT Semen Baturaja                        5. PT Semen Baturaja Tbk Good Corporate Governance
   Tbk                                                                              Guidelines
6. Pedoman Tata Kelola ICT PT Semen Baturaja Tbk                              6. PT Semen Baturaja Tbk ICT Governance Guidelines
7. Kebijakan dan Pedoman Governance Risk and Compliance                       7. PT Semen Baturaja Tbk Integrated Governance Risk and
   (GRC) Terpadu PT Semen Baturaja Tbk                                              Compliance (GRC) Policy and Guidelines
8. Pedoman Sistem Manajemen Semen Baturaja (SMSB)                             8. Baturaja Cement Management System Guidelines (SMSB)
9. Rencana Jangka Panjang Perusahaan (RJPP) PT Semen                          9. PT Semen Baturaja Tbk Long Term Company Plan (RJPP)
   Baturaja Tbk Tahun 2020-2024                                                     2020-2024
10. Masterplan IT 2022-2026                                                   10. IT Masterplan 2022-2026
11. Arahan Pemegang Saham Tahun 2022 dalam bidang IT                          11. Shareholder Directions for 2022 in the IT sector
12. The Indonesia Good Corporate Governance Manual, OJK-                      12. The Indonesia Good Corporate Governance Manual, OJK-
   International Financial Corporation, 2014                                        International Financial Corporation, 2014
13. Control Objective for IT (COBIT), ISACA                                   13. Control Objective for IT (COBIT), ISACA


ORGANISASI PENGELOLA TEKNOLOGI                                                INFORMATION AND COMMUNICATIONS
INFORMASI DAN KOMUNIKASI PERUSAHAAN                                           TECHNOLOGY MANAGEMENT ORGANIZATION
Pengelolaan teknologi informasi dan komunikasi atau                           Management of information and communication technology
Information and Communication Technology (ICT) di lingkup                     (ICT) at the Company is under the responsibility of the
Perusahaan berada di bawah tanggung jawab Department of                       Department of Accounting & Finance which is led by the
Accounting & Finance yang dikepalai oleh VP of Accounting                     VP of Accounting & Finance and is directly responsible to
& Finance dan bertanggung jawab langsung kepada Direktur                      the Director (Finance and HR Function). Based on Board of
(Fungsi Keuangan dan SDM). Berdasarkan Surat Keputusan                        Directors Decree No. PH.01.04/004/2023 dated February
Direksi No. PH.01.04/004/2023 tanggal 01 Februari 2023,                       1, 2023, the Company appointed Doddy Irawan as VP of
Perusahaan mengangkat Doddy Irawan sebagai VP of                              Accounting & Finance.
Accounting & Finance.




                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                     241
Page 244
                              Ikhtisar Kinerja                 Laporan Manajemen         Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                              Performance Highlights           Management Report         Company Profile      Overview on Business Supports




Teknologi Informasi dan Komunikasi (TIK)
Information and Communication Technology (ICT)



Informasi struktur organisasi pengelola teknologi informasi                          Information on the organizational structure of Information
dan komunikasi atau Information and Communication                                    and Communication Technology (ICT) management at the
Technology (ICT) di lingkup Perusahaan tahun 2023 adalah                             Company in 2023 is as follows:
sebagai berikut:


Struktur Organisasi Pengelola ICT Perusahaan Tahun 2023                              ICT Management Organizational Structure in 2023


                                                                        Direktur (Fungsi Keuangan
                                                                                  & SDM)
                                                                            Director (Finance &
                                                                             Human Resource)




                                                                               Department of
                                                                            Accounting & Finance




                                                                                                                                       Unit of
                                                 Unit of ICT
                                                                                                                                   ICT Solution &
                                                 Operation
                                                                                                                                     Application




          Section                   Section                                                                          Software
                                                           Section ICT Service                                                                        Software &
    Infrastructure OPS.         Infrastructure                                        ICT Governance               Development &
                                                              Management                                                                            Business Analyst
        Maintenance              Development                                                                         Operation




     IOM Palembang &             Data Centre                    ICT Asset
          Jakarta                Management                    Management




       IOM Baturaja           ICT Infrastructure                Helpdesk




       IOM Panjang




TUGAS DAN TANGGUNG JAWAB                                                             DUTIES AND RESPONSIBILITIES
Department of Accounting & Finance khususnya unit kerja                              The Department of Accounting & Finance, especially the
pengelola ICT Perusahaan, memiliki tugas dan tanggung                                Company's ICT management work unit, has the duty and
jawab untuk mengelola teknologi informasi dan komunikasi                             responsibility to manage the Company's information and
Perusahaan,        termasuk       dalam          memenuhi          kebutuhan         communication technology, including meeting the needs of
ataupun melakukan pengembangan teknologi informasi                                   or developing the Company's information and communication
dan komunikasi Perusahaan. Tugas dan tanggung jawab                                  technology. The duties and responsibilities of the Department
Department of Accounting & Finance khususnya unit kerja                              of Accounting & Finance, especially the Company's ICT
pengelola ICT Perusahaan adalah sebagai berikut:                                     management work unit, are as follows:
1. Bertanggung jawab dalam mengelola, mengawasi dan                                  1. Responsible for managing, supervising and evaluating
   mengevaluasi proses pengembangan solusi & aplikasi                                    the process of developing ICT solutions & applications to
   ICT untuk memenuhi kebutuhan bisnis dalam rangka                                      meet business needs in order to achieve the Company’s
   pencapaian strategi bisnis Perusahaan;                                                business strategy;




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                     Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis      Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                             Teknologi Informasi dan Komunikasi (TIK)
                                                   Information and Communication Technology (ICT)



2. Bertanggung jawab dalam mengelola, mengawasi dan                              2. Responsible for managing, supervising and evaluating the
   mengevaluasi proses pengembangan infrastruktur & data                               infrastructure & data security development process to
   security untuk memenuhi kebutuhan bisnis dalam rangka                               meet business needs in order to achieve the Company’s
   pencapaian strategi bisnis Perusahaan;                                              business strategy;
3. Bertanggung jawab dalam mengoordinasikan penyusunan                           3. Responsible for coordinating the preparation and
   dan pelaksanaan kebijakan ICT untuk mewujudkan tata                                 implementation of ICT policies to realize IT governance in
   kelola TI dalam operasional bisnis Perusahaan;                                      the Company’s business operations;
4. Bertanggung jawab dalam mengelola, mengawasi dan                              4. Responsible for managing, supervising and evaluating ICT
   mengevaluasi operasional aplikasi dan infrastruktur                                 application and infrastructure operations (including data
   ICT (termasuk pengamanan data & informasi) untuk                                    & information security) to ensure the continuity of the
   memastikan      keberlangsungan                 operasional    bisnis               Company’s business operations;
   Perusahaan;
5. Bertanggung jawab dalam pengendalian kualitas dan risiko                      5. Responsible for ICT quality and risk control to ensure ICT
   ICT untuk memastikan kualitas dan manajemen risiko ICT                              quality and risk management in supporting the continuity
   dalam mendukung keberlangsungan operasional bisnis                                  of the Company’s business operations;
   Perusahaan;
6. Bertanggung jawab dalam mengelola, mengawasi dan                              6. Responsible for managing, supervising and evaluating ICT
   mengevaluasi layanan ICT kepada pengguna untuk                                      services to users to ensure the availability of ICT services
   memastikan ketersediaan layanan ICT dalam mendukung                                 in supporting the continuity of the Company’s business
   keberlangsungan operasional bisnis Perusahaan;                                      operations;
7. Bertanggung jawab dalam pengelolaan aset dan support                          7. Responsible for managing assets and supporting ICT
   pengadaan ICT untuk memenuhi kebutuhan bisnis                                       procurement to meet the Company’s business needs.
   Perusahaan.


TATA KELOLA TEKNOLOGI INFORMASI DAN                                              INFORMATION AND COMMUNICATIONS
KOMUNIKASI                                                                       TECHNOLOGY GOVERNANCE
Penerapan Tata Kelola ICT (ICT Governance) berdasarkan                           Implementation of ICT Governance refers to the Company's
Pedoman Tata Kelola ICT Perusahaan dan peraturan yang                            ICT Governance Guidelines and applicable regulations
berlaku, baik dalam kegiatan operasional, perencanaan,                           in operations, planning, and development of Company
sampai pada pengembangan teknologi informasi dan                                 information and communication technology. Periodically,
komunikasi Perusahaan. Secara berkala, pedoman tersebut                          these guidelines have been reviewed by management,
telah dilakukan reviu oleh manajemen, dan dilakukan                              and updated to suit technological developments and the
pembaharuan yang disesuaikan dengan perkembangan                                 Company's business dynamics.
teknologi serta perkembangan dinamika bisnis Perusahaan.


Dalam implementasinya, seluruh jajaran Manajemen dan Insan                       In its implementation, all levels of management and SMBR
SMBR, telah memiliki kesadaran tentang arti penting dan sifat                    personnel shall possess awareness of the importance
kritis akan teknologi informasi dan komunikasi Perusahaan.                       and critical nature of the Company's information and
Perusahaan melakukan investasi, pengembangan, dan                                communication technology. The Company invests, develops
pemanfaatan ICT, dilakukan secara optimal dan lebih berhati-                     and utilizes ICT, optimally and more carefully, and adapting it
hati, serta disesuaikan dengan kebutuhan dan perkembangan                        to the needs and development of the business. These efforts
lingkungan bisnis. Upaya tersebut dilakukan agar Perusahaan                      are made so that the Company can avoid various threats,
dapat terhindar dari berbagai ancaman, kegagalan, dan                            failures and unwanted losses, arising from internal fraud and
kerugian yang tidak dikehendaki, baik yang berasal dari dalam                    external crime.
(internal fraud) maupun dari luar Perusahaan (external crime).




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                              Ikhtisar Kinerja                 Laporan Manajemen       Profil Perusahaan          Tinjauan Unit Pendukung Bisnis
                              Performance Highlights           Management Report       Company Profile            Overview on Business Supports




Teknologi Informasi dan Komunikasi (TIK)
Information and Communication Technology (ICT)



Pedoman Tata Kelola ICT Perusahaan mengatur hal-hal                                 The Company's ICT Governance Guidelines regulate matters
mengenai pengelolaan dan penggunaan layanan ICT. Ruang                              regarding the management and use of ICT services. The
lingkup pedoman Tata Kelola ICT adalah sebagai berikut:                             scope of ICT Governance guidelines is as follows:
1. Prinsip, kerangka kerja tata kelola dan struktur organisasi                      1. ICT principles, governance framework and organizational
   ICT.                                                                                structure.
2. Kebijakan mengenai sumber daya ICT, mencakup:                                    2. Policies regarding ICT resources, including:
   a. Sumber daya Informasi;                                                           a. Information resources;
   b. Layanan, infrastruktur, dan aplikasi/software ICT; dan                           b. ICT         services,      infrastructure,               and   applications/
                                                                                             software; and
   c. Sumber daya manusia (keahlian dan kompetensi).                                   c. Human resources (skills and competencies).
3. Kebijakan pengelolaan ICT, yaitu kebijakan mengenai                              3. ICT management policies, namely policies regarding
   operasional dan pengembangan.                                                       operations and development.
4. Ketentuan dan standar etika pengelolaan dan penggunaan                           4. Provisions and ethical standards for the management and
   layanan ICT.                                                                        use of ICT services.


Lebih lanjut, di dalam pedoman Tata Kelola ICT Perusahaan                           Furthermore, the Company ICT Governance guidelines
mencakup prinsip dan komponen yang wajib diperhatikan                               include principles and components that must be considered
oleh Manajemen dan pengelola ICT Perusahaan dalam                                   by the Management and Company ICT managers in planning,
merencanakan,        mengembangkan,                    dan   mengelola        ICT   developing and managing Company ICT. The principles and
Perusahaan. Prinsip dan komponen Tata Kelola ICT                                    components of Corporate ICT Governance are as follows:
Perusahaan adalah sebagai berikut:
Prinsip dan Komponen Tata Kelola ICT Perusahaan                                     ICT Governance Principles and Components
                                                                                                                           Komponen Tata Kelola /
  No                          Prinsip Tata Kelola / Governance Principles
                                                                                                                           Governance Component
          Terpenuhinya kebutuhan para pemangku kepentingan / Meeting the needs of                            Proposisi Nilai ICT SMBR / SMBR ICT Value
   1
          stakeholders                                                                                                        Proposition
          Menunjang kegiatan seluruh grup (from end-to-end) / Supporting the activities of
   2                                                                                                                        Perencanaan / Planning
          the entire group (from end-to-end)
                                                                                                            Proses Pengelolaan ICT (pengembang dan
          Berdasarkan pada satu kerangka kerja terpadu di seluruh grup / Based on one
   3                                                                                                        pengoperasian) / ICT Management Process
          unified framework across the group
                                                                                                                    (developer and operation)
          Memungkinkan Perusahaan menerapkan pendekatan yang bersifat holistik                              Manajemen risiko dan keberlanjutan layanan
   4      terhadap berbagai aspek kegiatan / Enable the Company to apply a holistic                           ICT / ICT service risk management and
          approach to various aspects of its activities                                                                    sustainability
          Memisahkan dengan jelas antara pengambil keputusan, pelaksana, dan pengawas                        Pengendalian, pengawasan/pemantauan,
   5      ICT / Clear separation between decision makers, implementers, and ICT                             dan evaluasi kinerja / Control, supervision/
          supervisors                                                                                        monitoring, and performance evaluation



Penjelasan mengenai prinsip dan komponen Tata Kelola ICT                            Description of the principles and components of Corporate
Perusahaan adalah sebagai berikut:                                                  ICT Governance is as follows:
1. Proposisi Nilai ICT SMBR                                                         1. SMBR ICT Value Proposition
   Proposisi nilai adalah komitmen atau janji yang akan                                The value proposition is a commitment or promise to
   diberikan dari sudut pandang pelanggan internal maupun                              provide something of value or usefulness to both internal
   eksternal, bahwa apa yang akan diberikan tersebut                                   and external customers.
   berharga atau memiliki nilai bagi pelanggan.




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                    Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik              Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis       Good Corporate Governance                     Corporate Social and Environmental Responsibility




                                                            Teknologi Informasi dan Komunikasi (TIK)
                                                  Information and Communication Technology (ICT)



  Terdapat value yang wajib dihasilkan oleh ICT SMBR, value                            The values that must be generated by ICT SMBR are:
  tersebut adalah sebagai berikut:
  a. Layanan yang memberikan nilai bisnis                                              a. Services that provide business value
  b. Keandalan layanan                                                                 b. Service reliability
  c. Dukungan layanan 24/7                                                             c. 24/7 service support
  d. Layanan yang lebih efisien karena economic of scale                               d. More efficient service due to economic of scale
  e. Layanan       yang     responsif          terhadap    kebutuhan                   e. Services that are responsive to new service
     pengembangan layanan baru                                                                  development needs
  f. Keberlanjutan usaha                                                               f. Business Continuity


2. Perencanaan                                                                   2. Planning
  a. Rencana Jangka Panjang ICT                                                        a. ICT Long Term Plan
     Perencanaan jangka panjang ICT untuk 5 (lima)                                     ICT long-term planning for 5 (five) years must be prepared
     tahun wajib disusun oleh fungsi ICT Perusahaan dan                                by the Company’s ICT function and set forth in the form
     dituangkan dalam bentuk dokumen ICT Master Plan                                   of an ICT Master Plan document (ICTMP). Where this
     (ICTMP). Di mana ICTMP ini kemudian akan diajukan                                 ICTMP will then be submitted to the Board of Directors
     kepada     Direksi      untuk        mendapat        pengesahan.                  for approval. Furthermore, ICTMP is carried out every year
     Selanjutnya, ICTMP dijalankan setiap tahun sesuai                                 in accordance with the performance plan and timeframe
     dengan rencana kinerja dan jangka waktu yang telah                                specified in the ICTMP.
     ditetapkan dalam ICTMP.


     Dalam hal ini, ICTMP wajib dievaluasi setiap tahun                                In this case, the ICTMP must be evaluated annually to
     untuk memastikan kesesuaiannya terhadap:                                          ensure its conformity with:
     i)   Visi, Misi dan Rencana Jangka Panjang Perusahaan                             i)       Vision, Mission and Corporate Long Term Plan (RJPP)
          (RJPP) SMBR.                                                                          of SMBR.
     ii) Kondisi operasional SMBR dan persaingan industri                              ii) SMBR operational conditions and cement industry
          semen.                                                                                competition.
     iii) Realisasi implementasi dan kondisi layanan ICT                               iii) Realization of implementation and conditions of ICT
                                                                                                services
     iv) Perkembangan teknologi dan manajemen.                                         iv) Development of technology and management.
     v) Jika diperlukan, Perusahaan dapat melakukan                                    v) If necessary, the Company can make adjustments to
          penyesuaian terhadap ICTMP. Di mana setiap                                            the ICTMP. Where any of these changes must obtain
          perubahan        tersebut            harus     mendapatkan                            approval from the Board of Directors.
          persetujuan dari Direksi.


  b. Rencana Kerja dan Anggaran Tahunan                                                b. Annual Work Plan and Budget
     Berdasarkan ICTMP dan kondisi operasional ICT,                                             Based on ICTMP and ICT operational conditions, every
     setiap tahun fungsi ICT wajib membuat:                                                     year the ICT function is required to make:
     i)   Rencana Kerja Tahunan.                                                                i)   Annual work plan.
     ii) Kebutuhan Anggaran Operasional Tahunan.                                                ii) Annual Operational Budget Requirements.
     iii) Rencana Investasi (Capital Expenditure atau                                           iii) Annual Investment Plan (Capital Expenditure or
          Capex) Tahunan.                                                                            Capex).




                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
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                           Ikhtisar Kinerja              Laporan Manajemen       Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                           Performance Highlights        Management Report       Company Profile     Overview on Business Supports




Teknologi Informasi dan Komunikasi (TIK)
Information and Communication Technology (ICT)



      Rencana kerja, anggaran operasional dan investasi                          The work plan, operational and Work plans, operational
      kemudian diajukan kepada Direksi untuk mendapatkan                         budgets, and investment budgets are submitted to the
      persetujuan sebagai bagian dari RKAP. Selanjutnya,                         Board of Directors for approval as part of the RKAP. The
      fungsi ICT menyusun, menetapkan, dan mengukur                              ICT function compiles, determines, and measures key
      pencapaian key performance indicator (KPI) sesuai                          performance indicators (KPI) in accordance with the
      dengan sistem manajemen kinerja Perusahaan untuk                           Company’s performance management system to evaluate
      mengukur keberhasilan kegiatan pengembangan dan                            the success of ICT development and operational activities.
      operasional ICT. Penyusunan KPI ini dilakukan setiap                       The KPIs are prepared every year, while measurements
      tahun, sementara pengukuran dilakukan setiap bulan                         are taken monthly or at certain intervals based on the
      atau setiap periode tertentu sesuai karakteristik KPI                      characteristics of each KPI.


3. Proses Pengelolaan ICT SMBR (Pengembangan dan                              3. SMBR ICT Management Process (Development and
  Pengoperasian)                                                                 Operation)
  Perusahaan wajib merancang proses bisnis ICT dengan                            To provide value to customers in accordance with the
  sesuai dan responsif terhadap kebutuhan bisnis                                 value proposition, companies must design ICT business
  Perusahaan dan seluruh grup, sehingga dapat memberikan                         processes that are appropriate and responsive to the
  nilai kepada pelanggan, seperti yang tercantum dalam                           business needs of the Company and the entire group. The
  value proposition. Secara lebih terperinci, ketentuan                          details of the provisions related to the development and
  mengenai     pengembangan              dan        pengoperasian       ICT      operation of the Company’s ICT are outlined in the 2022-
  Perusahaan diuraikan dalam Master Plan IT 2022-2026.                           2026 IT Master Plan.


  Lebih lanjut, sumber daya ICT wajib dikelola secara efektif                    In addition, effective management of ICT resources is
  guna menghasilkan nilai yang optimal bagi Perusahaan.                          necessary to generate optimal value for the company. The
  Sumber daya yang dimaksud adalah sebagai berikut:                              specific resources in question are as follows:
  a. Sumber Daya Informasi                                                    a. Information Resources
      Sumber daya informasi adalah data, informasi, dan                          Information resources refer to data, information, and
      pengetahuan/praktik terbaik yang menjadi milik                             knowledge/best practices owned by the company, which
      Perusahaan yang tersimpan dalam sistem ICT SMBR,                           are stored in the SMBR ICT system. These resources
      baik di Perusahaan maupun di pihak ketiga yang                             may be located within the company’s own systems or
      dipercayakan untuk penyimpanannya.                                         entrusted to third-party storage.


  b. Sumber Daya Infrastruktur dan Aplikasi                                   b. Infrastructure and Application Resources
      Sumber daya berupa infrastruktur dan aplikasi ICT                          The Company’s ICT resources encompass infrastructure
      di Perusahaan mencakup ICT infrastruktur, aplikasi/                        and applications, which consist of ICT infrastructure,
      software, lisensi, dan source code.                                        applications/software, licenses, and source code.


  c. Sumber Daya Manusia                                                      c. Human Resources
      Manusia adalah sumber daya yang sangat penting bagi                        Human resources play a crucial role in the Company as
      Perusahaan, karena manusia sekaligus pengambil                             they serve as decision makers, managers, and users
      keputusan, pengelola, dan pengguna ICT. Pemenuhan                          of ICT. The Company’s HR management policies are
      kebutuhan, serta pengembangan keahlian dan                                 responsible for fulfilling the needs and developing the
      kompetensi sumber daya manusia terkait ICT,                                skills and competencies of human resources related to
      dilaksanakan sesuai dengan kebijakan pengelolaan                           ICT.
      SDM Perusahaan.




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                    Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik             Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis         Good Corporate Governance                    Corporate Social and Environmental Responsibility




                                                            Teknologi Informasi dan Komunikasi (TIK)
                                                  Information and Communication Technology (ICT)



4. Manajemen Risiko dan Keberlanjutan Layanan ICT                                  4. Risk Management and Sustainability of ICT Services
   Keandalan sistem teknologi informasi dan komunikasi                                   The sustainability of the Company’s business is
   turut menentukan keberlanjutan usaha Perusahaan.                                      dependent on the reliability of its (CT systems. Therefore,
   Perusahaan     senantiasa           menerapkan             manajemen                  the Company places great emphasis on effective
   keberlanjutan secara efektif dalam pengelolaan ICT.                                   sustainability management in the management of ICT.


   Perusahaan telah menyusun kerangka kerja manajemen                                    The Company has developed an ICT risk management
   risiko ICT yang disesuaikan dengan kerangka kerja                                     framework that is adapted to the Company's framework.
   Perusahaan. Kerangka manajemen risiko ICT mencangkup                                  The ICT risk management framework covers the following:
   hal-hal sebagai berikut:
   a. Komunikasi dan konsultasi dengan para pihak yang                                   a. Communication and consultation with interested
      berkepentingan.                                                                             parties
   b. Penetapan Konteks Risiko ICT SMBR.                                                 b. Determination of SMBR ICT Risk Context
   c. Identifikasi Risiko ICT.                                                           c. ICT Risk Identification
   d. Analisis Risiko ICT.                                                               d. ICT Risk Analysis
   e. Evaluasi Risiko ICT.                                                               e. ICT Risk Evaluation
   f. Penanganan Risiko ICT.                                                             f. ICT Risk Management
   g. Pemantauan.                                                                        g. Monitoring


   Perusahaan telah menentukan eksposur atau tingkat                                     The Company has determined the exposure or level of ICT
   risiko ICT berdasarkan tingkat kemungkinan terjadinya                                 risk based on the level of possibility of a risk occurring and
   suatu risiko dan nilai dampaknya. Dalam hal ini, skala                                the value of its impact. The assessment scale is adjusted
   penilaiannya disesuaikan dengan kebijakan manajemen                                   to the Company's risk management policy. Provisions and
   risiko Perusahaan. Ketentuan dan standar terkait                                      standards related to risk management and ICT service
   manajemen risiko dan ICT service continuity management                                continuity management are as follows:
   adalah sebagai berikut:
   a. Incident Management.                                                               a. Incident Management.
   b. Problem Management.                                                                b. Problem Management.
   c. Information Security Management.                                                   c. Information Security Management.
   d. Disaster Recovery                                                                  d. Disaster Recovery


5. Pengendalian, Pengawasan/Pemantauan, dan Evaluasi                               5. Control, Supervision/Monitoring, and Performance
   Kinerja                                                                               Evaluation
   Perusahaan      wajib        melaksanakan             pengendalian,                   The Company is required to conduct control, supervision,
   pengawasan/pemantauan,               dan        evaluasi     terhadap                 and evaluation of ICT investment, management, and
   investasi, pengelolaan, dan pemanfaatan ICT secara                                    utilization in an orderly and integrated manner. To achieve
   teratur dan terpadu. Di mana pelaksanaan serangkaian                                  this, a series of activities are implemented in stages by
   kegiatan tersebut dilakukan secara berjenjang oleh                                    the Director in charge of ICT, relevant officials, teams,
   Direktur yang membawahi ICT Perusahaan, para                                          and task forces, including project management at various
   pejabat terkait, tim dan gugus tugas, termasuk                                        levels throughout the Company
   project management, di berbagai tingkatan di seluruh
   Perusahaan.




                                                                                                                 2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile      Overview on Business Supports




Teknologi Informasi dan Komunikasi (TIK)
Information and Communication Technology (ICT)



KETENTUAN KEAMANAN SISTEM ICT                                                 ICT SYSTEM SECURITY TERMS
PERUSAHAAN
Dalam melakukan pengelolaan dan pemanfaatan layanan ICT                       In managing and utilizing ICT services, the Company has
Perusahaan memiliki ketentuan untuk menjaga keamanan                          terms to maintain the security of the Company's information
sistem teknologi informasi dan komunikasi Perusahaan.                         and communication technology systems. The Company's ICT
Ketentuan keamanan sistem ICT Perusahaan adalah sebagai                       system security provisions are as follows:
berikut:
1. Ketentuan mengenai user device: hardware seperti                           1. Terms regarding user devices: hardware such as
   desktop, laptop, mobile device, dan penggunaan software                       desktops, laptops, mobile devices, and the use of licensed
   yang berlisensi maupun free.                                                  and free software.
2. Ketentuan mengenai network.                                                2. Terms regarding the network
3. Ketentuan mengenal aplikasi: email, internet, account,                     3. Terms for getting to know the application: email, internet,
   dan password, serta pertukaran data.                                          accounts, and passwords, as well as data exchange


PROGRAM STRATEGIS ICT TAHUN 2023                                              ICT STRATEGIC PROGRAM IN 2023
Di tahun 2023, Perusahaan telah merealisasikan program                        In 2023, the Company has realized ICT strategic programs
strategis ICT yang tertuang dalam Arsitektur Sistem                           including:
Informasi Perusahaan di antaranya:
1. Integrasi dan Value Creation dalam pengelolaan IT SMBR                     1. Integration and Value Creation in SMBR IT management in
   Sesuai dengan yang tertuang dalam buku putih Integrasi                        accordance with the SMBR - SIG Integration white paper.
   SMBR - SIG.
2. Penyelarasan Kebijakan dan tata kelola IT SMBR dengan                      2. Alignment of SMBR IT policies and governance with
   Induk SIG.                                                                    Parent SIG.
3. Penyelarasan sistem anak usaha SMBR dengan bisnis                          3. Alignment of SMBR subsidiary systems with SMBR's main
   utama SMBR.                                                                   business.


Program strategis ICT yang direalisasikan di tahun 2023                       The ICT strategic programs to be realized in 2023 are as
adalah sebagai berikut:                                                       follows:
1. Rollout Implementasi Sistem Mega Distributor SIG                           1. Rollout Implementation of the SIG Mega Distributor
                                                                                 System
2. Rollout aplikasi Nota Dinas Online                                         2. Rollout of Online Service Note application
3. Pengembangan Sistem Host to Host banking untuk SCF                         3. Development of Host-to-Host banking system for SCF and
   dan peningkatan security aplikasi Host to host                                improvement of Host-to-host application security
4. Implementasi Aplikasi Aplaus (aplikasi audit SMBR)                         4. Implementation of the Aplaus Application (SMBR audit
                                                                                 application)
5. Pengembangan fitur Aplikasi Easy Access untuk Approval                     5. Development of Easy Access Application features for
   Payment                                                                       Payment Approval
6. Pengembangan sistem Pengiriman Multi Vehicle                               6. Development of a Multi Vehicle Delivery system
7. Integrasi aplikasi HR Management SMBR dengan SIG                           7. Integration of the SMBR HR Management application with
                                                                                 SIG
8. Pengembangan Dashboard SCM & Plant Maitenance                              8. SCM & Plant Maintenance Dashboard Development
9. Pengembangan sistem Time Slot Loading                                      9. Development of Time Slot Loading system




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                     Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis          Good Corporate Governance             Corporate Social and Environmental Responsibility




                                                             Teknologi Informasi dan Komunikasi (TIK)
                                                   Information and Communication Technology (ICT)



PELAKSANAAN INISIATIF DAN PENGEMBANGAN                                               IMPLEMENTATION OF ICT INITIATIVES AND
ICT PERUSAHAAN TAHUN 2023                                                            DEVELOPMENT IN 2023
Di tahun 2023, Perusahaan telah merealisasikan sebanyak                              In 2023, the Company has implemented 14 initiatives in the
14 inisiatif di bidang ICT yang dikelompokkan ke dalam tiga                          ICT sector which are grouped into three groups of initiatives,
kelompok inisiatif, yaitu bidang pengembangan sistem,                                namely system development sector, network and server
bidang pengembangan jaringan dan server, serta bidang                                development sector, and governance sector. The initiatives
governance. Inisiatif yang dilakukan Perusahaan dalam                                undertaken by the Company in ICT development in 2023 are
pengembangan ICT di tahun 2023 adalah sebagai berikut:                               as follows:


Tabel Pelaksanaan Inisiatif dan Pengembangan ICT Tahun                               Table of Implementation of ICT Initiatives and Development
2023                                                                                 in 2023
   Kelompok Inisiatif /
                                            Inisiatif / Initiative                                  Uraian / Description                                   Status
     Initiative Group
Bidang Pengembangan           Rollout Implementasi Sistem Mega Integrasi sistem ERP dan Distribusi SMBR dengan                                             Done
Sistem / Systems              Distributor SIG / Rollout Implementation sistem Mega Distributor dimana seluruh penjualan
Development                   SIG Mega Distributor System              Semen Opco dilakukan terpusat melalui Mega
                                                                       Distributor / Integration of the ERP system and
                                                                       SMBR Distribution with the Mega Distributor system
                                                                       where all sales of Opco Cement are carried out
                                                                       centrally through Mega Distributor
                              Rollout aplikasi Nota Dinas Online Rollout Aplikasi Nota Dinas Online (NDO) SIG untuk                                        Done
                              / Rollout of Online Service Note digunakan di SMBR / Rollout of SIG Online Service
                              application                        Note (NDO) Application for use in SMBR
                              Pengembangan Sistem Host to Host                      Pengembangan sistem host to host SMBR untuk                            Done
                              banking untuk SCF dan peningkatan                     pembayaran dengan SCF (Supply Chain Financing)
                              security aplikasi Host to host /                      dan penerapan multi factor authentication untuk
                              Development of Host to Host banking                   meningkatkan security aplikasi host to host Banking
                              system for SCF and improvement of                     SMBR / Development of SMBR host to host system
                              Host to host application security                     for payments with SCF (Supply Chain Financing)
                                                                                    and implementation of multi factor authentication
                                                                                    to increase the security of the SMBR Host to Host
                                                                                    Banking application
                              Implementasi Aplikasi Aplaus (aplikasi Implementasi Aplikasi untuk proses audit internal                                     Done
                              audit SMBR) / Implementation of Aplaus SMBR / Implementation of application for SMBR
                              Application (SMBR audit application)   internal audit process
                              Pengembangan fitur Aplikasi Easy                      Pengembangan fitur untuk approval pembayaran                           Done
                              Access untuk Approval Payment                         melalui aplikasi easy access / Development of
                              / Development of Easy Access                          features for payment approval via easy access
                              Application features for Payment                      applications
                              Approval
                              Pengembangan sistem Pengiriman Pengembangan sistem untuk pengiriman semen                                                    Done
                              Multi Vehicle / Development of Multi dengan melibatkan lebih dari 1 tahapan angkutan /
                              Vehicle Delivery system              Development of system for cement delivery involving
                                                                   more than 1 transportation stage
                              Pengembangan Dashboard SCM & Plant Pengembangan dashboard online untuk monitoring                                            Done
                              Maitenance / SCM & Plant Maintenance dan analisa data SCM & Plant Maintenance /
                              Dashboard Development                Development of online dashboards for monitoring
                                                                   and analyzing SCM & Plant Maintenance data
                              Pengembangan sistem Time Slot Pengembangan sistem untuk pengaturan Time Slot                                                 Done
                              Loading / Development of Time Slot dan pengelompokan antrian pengambilan semen
                              Loading system                     untuk memperlancar proses pengeluaran semen /
                                                                 Development of system for setting time slots and
                                                                 grouping queues for cement collection to expedite
                                                                 the cement dispensing process
                              Integrasi aplikasi HR Management Integrasi data HR SMBR dengan sistem aplikasi HR                                            Done
                              SMBR dengan SIG / Integration of the SIG (Sinta) / Integration of SMBR HR data with the
                              SMBR HR Management application with SIG HR application system (Sinta)
                              SIG




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                               Ikhtisar Kinerja               Laporan Manajemen       Profil Perusahaan          Tinjauan Unit Pendukung Bisnis
                               Performance Highlights         Management Report       Company Profile            Overview on Business Supports




Teknologi Informasi dan Komunikasi (TIK)
Information and Communication Technology (ICT)



   Kelompok Inisiatif /
                                                Inisiatif / Initiative                                Uraian / Description                              Status
     Initiative Group
Bidang Pengembangan              Migrasi ke SDWAN / Migration to SDWAN Penggunaan Perangkat SD WAN SIG / Use of SD WAN                                  Done
Jaringan dan Server                                                    SIG Devices
/ Network and Server
                                 Migrasi Email ZImbra / ZImbra Email Penggunaan Office 365 / Use of Office 365                                          Done
Development
                                 Migration
                                 Migrasi Onprem SAP / SAP Onprem Migrasi SAP ke Cloud AWS / SAP Migration to AWS                                        Done
                                 Migration                       Cloud
Bidang Governance /              Steering Commitee                                Pembuatan SK Steering Commitee / Creation of                          Done
Governance                                                                        Steering Committee Decree
                                 Update SOP ICT                                   Revisi SOP Akun Data dan Security / Revision of Data                  Done
                                                                                  and Security Account SOP



Perusahaan juga telah menyiapkan dan melakukan beberapa                           The Company has also prepared and carried out several
inisiatif strategis terkait Integrasi IT dengan SIG. Upaya                        strategic initiatives related to IT integration with SIG. These
tersebut dilakukan untuk menciptakan value bagi perusahaan                        efforts are made to create value for the Company through
melalui Integrasi sesuai dengan yang telah tertuang dalam                         integration in accordance with what has been stated in the
Buku Putih yang telah disusun. Informasi inisiatif strategi                       White Paper that has been prepared. Information on these
tersebut adalah sebagai berikut:                                                  strategic initiatives is as follows:
1. Pengembangan Sistem dan Infrastruktur ICT yang                                 1. Development of integrated ICT Systems and
   terintegrasi                                                                       Infrastructure
   Perusahaan telah melakukan migrasi lokasi server ke                                The Company has migrated server locations to SIG server
   fasilitas collocation server SIG yang mana dengan begitu                           collocation facilities, which means the Company can save
   Perusahaan dapat menghemat biaya sewa collocation                                  on collocation server rental costs.
   server.
2. Penggunaan Collaboration Tools Office 365                                      2. Use of Office 365 Collaboration Tools
   Inisiatif     tersebut       dilakukan           untuk     meningkatkan            This initiative was carried out to increase employee
   produktivitas        karyawan          dan           memudahkan       dalam        productivity         and       facilitate         collaboration    between
   berkolaborasi antar karyawan maupun antar Opco dan                                 employees and between Opco and the Holding Company
   Holding Company
3. Integrasi dan Rollout aplikasi                                                 3. Application Integration and Rollout
   Perusahaan dan SIG dapat saling berbagi penggunaan                                 The Company and SIG can share the use of existing
   aplikasi yang ada sehingga dapat mengurangi biaya                                  applications to reduce application costs. Some of
   Implementasi Aplikasi, Adapun beberapa aplikasi yang                               the planned applications are Mega Distributor system
   direncanakan tersebut adalah Integrasi sistem Mega                                 integration, NDO application rollout (Online Service Note),
   Distributor, Rollout Aplikasi NDO (Nota Dinas Online),                             Easy Access and Shinta application integration, Risk
   Integrasi Aplikasi Easy Access dan Shinta, Rollout Aplikasi                        application rollout, and others.
   Risiko, dan lainnya.


PENCAPAIAN PENTING TAHUN 2023                                                     KEY ACHIEVEMENTS IN 2023
DI tahun 2023, Perusahaan mendapatkan pencapaian penting                          In 2023, the Company realized key achievements from its ICT
dari realisasi pengembangan ICT Perusahaan. Pencapaian                            development with the following details:
penting yang diraih Perusahaan di tahun 2023 adalah sebagai
berikut:




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                      Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis      Good Corporate Governance             Corporate Social and Environmental Responsibility




                                                              Teknologi Informasi dan Komunikasi (TIK)
                                                    Information and Communication Technology (ICT)



1. Value   Creation       berupa        penghematan        pengelolaan            1. Value Creation of savings in infrastructure management
   Infrastruktur dan pengembangan sistem IT dengan                                      and IT system development by sharing IT resources
   melakukan sharing sumber daya IT antara SMBR dan SIG.                                between SMBR and SIG.
2. Standarisasi kebijakan, Prosedur dan layanan IT SMBR                           2. Standardization of SMBR IT policies, procedures and
   dengan SIG.                                                                          services with SIG.
3. Penerapan Aplikasi dan integrasi Sistem SMBR dengan                            3. Application implementation and integration of the SMBR
   SIG yang berdampak pada peningkatan revenue dan                                      system with SIG which has an impact on increasing
   mendukung langkah-langkah strategis perusahaan dan                                   revenue and supporting the strategic steps of the
   induk Perusahaan.                                                                    Company and parent Company.


TANTANGAN PENERAPAN ICT DI TAHUN 2023                                             ICT CHALLENGES IN 2023
Tantangan penerapan ICT Perusahaan di tahun 2023 adalah                           The challenges for ICT implementation in 2023 are as follows:
sebagai berikut:
1. Penyelarasan Strategi, Kebijakan dan tata kelola IT SMBR                       1. Alignment of SMBR IT Strategy, Policy and governance
   dengan Group Head of ICT SIG.                                                        with the Group Head of ICT SIG.
2. Penyesuaian sistem dan infrastruktur IT mengikuti                              2. Adjustment of IT systems and infrastructure follows
   Kebijakan dan strategi Perusahaan dan induk Perusahaan.                              Company and parent Company policies and strategies.


RENCANA STRATEGI DI TAHUN 2024                                                    STRATEGY PLAN FOR 2024
Perusahaan telah menyusun rencana pengembangan ICT di                             The Company has prepared an ICT development plan for
tahun 2024. Rencana strategi ICT Perusahaan di tahun 2024                         2024. The Company's ICT strategic plan for 2024 is as follows:
adalah sebagai berikut:
1. Rencana Pengembangan Aplikasi                                                  1. Application Development Plan
   Pengembangan aplikasi di tahun 2024 akan menitik                                     Application development in 2024 will focus on application
   beratkan pada pengembangan aplikasi guna mendukung                                   development to support the smooth running of the
   kelancaran sistem distribusi semen dan peningkatan                                   cement distribution system and improve the features and
   fitur dan keamanan aplikasi yang ada dari ancaman                                    security of existing applications from the threat of cyber-
   serangan cyber dan fraud, serta mendukung strategi dan                               attacks and fraud, as well as supporting ICT Holding's
   pengembangan ICT Holding.                                                            strategy and development.
2. Rencana Pengembangan Infrastruktur & Cyber Security                            2. Infrastructure & Cyber Security Development Plan
   Pengelolaan      ICT     untuk        pengembangan         dilakukan                 ICT management for development is carried out at
   di ICT Holding sesuai Surat Kuasa Nomor PH.                                          ICT Holding according to Power of Attorney No. PH.
   04.04/0038/2023 Tanggal 01 April 2023 dan Surat                                      04.04/0038/2023 dated April 1, 2023 and SMBR ICT
   Sentralisasi Pengelolaan ICT SMBR Nomor 001210/IT/                                   Management Centralization Letter Number 001210/IT/
   SUP/50000793/2000/02.2023 Tanggal 10 Februari 2023.                                  SUP/50000793/2000/02.2023 dated February 10, 2023.
3. Rencana Pengembangan IT Policy & Procedure                                     3. IT Policy & Procedure Development Plan
   Mengikuti perkembangan IT Policy dan Prosedure ICT                                   Following developments in IT Policy and ICT Procedures
   Holding Surat Sentralisasi Pengelolaan ICT SMBR Nomor                                Holding SMBR ICT Management Centralization Letter No.
   001210/IT/SUP/50000793/2000/02.2023                     Tanggal       10             001210/IT/SUP/50000793/2000/02.2023 dated February
   Februari 2023.                                                                       10, 2023.




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05
Page 255
Analisis dan Pembahasan Manajemen
      Management Discussion and Analysis
Page 256
                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Tinjauan Perekonomian dan Industri
Economic and Industrial Overview




ANALISIS PEREKONOMIAN GLOBAL DAN                                             GLOBAL AND NATIONAL ECONOMIC ANALYSIS
NASIONAL
Perekonomian global pada 2023 ditandai dengan adanya                         The global economy in 2023 was marked by risk factors
faktor risiko, mencakup konflik geopolitik, tingkat inflasi                  ranging from geopolitical conflicts, high inflation rates in
tinggi pada sejumlah negara, hingga faktor perubahan iklim,                  a number of countries, and climate change factors, which
yang menyebabkan potensi perlambatan pertumbuhan.                            cause the potential for slowing growth. The International
Mengacu pada laporan Internasional Monetary Fund (IMF),                      Monetary Fund (IMF) report added that global economy is
ekonomi global diestimasikan tumbuh 3,1% pada 2023,                          estimated to grow 3.1% in 2023, lower than the actual growth
lebih rendah dibanding realisasi pertumbuhan pada 2022                       in 2022 at 3.5% (Word Economy Outlook, January 2024). In
yang sebesar 3,5% (Word Economy Outlook, Januari 2024).                      addition, a number of global economic risk factors caused
Selain itu, sejumlah faktor risiko pada perekonomian global                  global trade performance in goods and services to experience
menyebabkan kinerja perdagangan global, baik perdagangan                     a contraction compared to the previous year (UNCTAD Global
barang maupun jasa, mengalami kontraksi dibanding tahun                      Trade Update, March 2024).
sebelumnya (Global Trade Update UNCTAD, Maret 2024).




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                     Management Discussion and Analysis   Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                Tinjauan Perekonomian dan Industri
                                                                                 Economic and Industrial Overview



Tingkat inflasi yang tinggi memicu sejumlah bank sentral                      High inflation rates trigger a number of central banks to
menerapkan suku bunga tinggi dengan jangka waktu lebih                        implement higher for longer interest rates, causing an
lama (higher for longer). Di tengah situasi tersebut, kenaikan                increase in the Federal Fund Rate (FFR) interest rate, namely
suku bunga Federal Fund Rate (FFR), yaitu pada level 5,25-                    at 5.25-5.5% since June 2023, as well as increase in long-
5,5% sejak Juni 2023, serta meningkatnya yield US Treasury                    term US Treasury yields which triggered investment flows
jangka panjang memicu aliran investasi untuk keluar dari                      from emerging economies towards liquid assets in the
negara-negara ekonomi berkembang menuju aset-aset                             United States (US). This resulted in a weakening of the value
likuid di Amerika Serikat (AS). Hal tersebut kemudian                         of various world currencies, with the US dollar index in the
mengakibatkan pelemahan nilai berbagai mata uang dunia,                       October 2023 position reaching 106.7 or strengthening by
dengan indeks dolar AS pada posisi Oktober 2023 mencapai                      0.3% from the December 2022 position.
106,7 atau menguat sebesar 0,3% dari posisi Desember 2022.


Peningkatan permintaan terhadap batubara pasca-terjadinya                     Coal demand following the geopolitical conflict in Eastern
konflik geopolitik di kawasan Eropa Timur telah mengalami                     Europe has experienced a downward trend in 2023. Referring
tren penurunan pada 2023. Mengacu pada data Internasional                     to International Energy Agency (IEA), the highest decline
Energi Agency (IEA), penurunan permintaan tertinggi                           occurred mainly in the European Union and the United States
terutama terjadi pada Uni Eropa dan Amerika Serikat dengan                    with an estimate of 20% (yoy). However, demand for coal
estimasi mencapai 20% (yoy). Meski demikian, permintaan                       continues to increase in a group of countries that represent
terhadap batubara tetap meningkat pada kumpulan negara                        70% of global demand, including the People's Republic of
yang mewakili 70% permintaan global, meliputi Republik                        China (PRC), India and Indonesia, which is partly due to the
Rakyat Tiongkok (RRT), India, serta Indonesia, yang antara                    increasing electricity needs of each country. (Coal 2023:
lain dipicu kebutuhan listrik masing-masing negara yang                       Analysis and Forecast to 2026, December 2023).
meningkat. (Coal 2023: Analysis and Forecast to 2026,
Desember 2023).


Menghadapi tantangan perekonomian global, ekonomi                             With these global economic challenges, the Indonesian
Indonesia mampu menunjukkan daya tahan yang kuat. Hal ini                     economy was able to show great resilience as reflected
antara lain tercermin pada realisasi pertumbuhan ekonomi                      in the realization of economic growth at 5.05% or higher
yang mencapai 5,05% atau lebih tinggi dibanding estimasi                      than the estimated cumulative growth for ASEAN countries
pertumbuhan kumulatif negara-negara ASEAN yang sebesar                        of 4.2%. This economic growth was supported by the
4,2%. Pertumbuhan ekonomi tersebut ditopang adanya                            strengthening performance of a number of business sectors,
penguatan kinerja sejumlah sektor lapangan usaha, antara                      including the construction sector which grew 7.68% (yoy)
lain sektor konstruksi yang tumbuh 7,68% (yoy) serta sektor                   and the processing industry sector which grew 4.07% (yoy).
industri pengolahan yang tumbuh 4,07% (yoy). Resiliensi                       Indonesia's economic resilience is also reflected in the
ekonomi Indonesia juga tercermin melalui indeks keyakinan                     increasing consumer confidence index, with the Purchasing
konsumen yang meningkat hingga Purchasing Manager’s                           Manager's Index (PMI) being in the expansive zone.
Indeks (PMI) yang berada di zona ekspansif.


Inflasi Indonesia berhasil terkendali pada sasaran 3%±1                       Indonesia's inflation was successfully controlled at the target
didukung sinergi yang kuat di antara regulator melalui                        of 3% ± 1 supported by strong synergy between regulators
keberadaan Tim Pengendali Inflasi Daerah (TPID) dan Tim                       through the existence of the Regional Inflation Control Team
Pengendali Inflasi Nasional (TPIN). Di antara variabel yang                   (TPID) and the National Inflation Control Team (TPIN). Variables
memengaruhi realisasi inflasi pada 2023 mencakup inflasi                      that influence the realization of inflation in 2023 include low




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                                 Performance Highlights        Management Report       Company Profile         Overview on Business Supports




Tinjauan Perekonomian dan Industri
Economic and Industrial Overview



impor yang rendah, kapasitas perekonomian Indonesia yang                           imported inflation, large capacity of the Indonesian economy,
besar, program bantuan pangan dan bantuan tunai sebagai                            food aid and cash assistance programs to mitigate food risks,
upaya mitigasi risiko pangan, hingga kebijakan pengendalian                        and policies to control volatile food prices.
harga volatile food.


Indeks Harga Konsumen 2023                                                         Consumer Price Index 2023
Dalam persen.                                                                      In percent.




        5,28          5,47
                                   4,97
                                                  4,33
                                                              4,00
                                                                           3,52
                                                                                     3,08           3,27
                                                                                                                                                2,86
                                                                                                                              2,56                     2,61
                                                                                                              2,28




        Jan           Feb          Mar             Apr        May           Jun      Jul            Aug       Sep             Oct               Nov    Dec



(Sumber: Berita Resmi Statistik BPS, Februari 2024)                                (Source: Official BPS Statistics News, February 2024)



Hingga posisi 31 Desember 2023, ekonomi Indonesia                                  As of December 31, 2023, the Indonesian economy is projected
diproyeksi akan melanjutkan stabilitas pertumbuhan pada                            to continue stable growth in the coming years, with a growth
tahun-tahun mendatang, dengan kisaran pertumbuhan                                  range of 4.9-5.2% referring to international institutions such
4,9-5,2% mengacu pada lembaga-lembaga internasional                                as the IMF, World Bank, and the Organization for Economic Co-
seperti IMF, Bank Dunia, serta Organisation for Economic                           operation and Development (OECD). This figure also shows
Co-operation and Development (OECD). Angka ini sekaligus                           greater potential for the Indonesian economy compared to
memperlihatkan potensi yang lebih besar pada ekonomi                               the world economy or emerging economies and China, which
Indonesia dibanding ekonomi dunia ataupun ekonomi                                  are projected to experience a slowdown of up to 0.6 points in
kelompok        negara       berkembang            serta   Tiongkok,        yang   2024 (Word Economy Outlook, January 2024).
diproyeksikan mengalami perlambatan hingga 0,6 poin pada
2024 (Word Economy Outlook, Januari 2024).




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                    Management Discussion and Analysis   Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                               Tinjauan Perekonomian dan Industri
                                                                                Economic and Industrial Overview



ANALISIS INDUSTRI DAN POSISI PERUSAHAAN                                      INDUSTRY ANALYSIS AND COMPANY POSITION
DALAM INDUSTRI                                                               IN THE INDUSTRY
Didukung daya tahan dan stabilitas pertumbuhan ekonomi                       Supported by the resilience and stability of Indonesia's
Indonesia, Perusahaan menghadapi situasi industri yang                       economic growth, the Company experienced positive
positif pada 2023. Hal tersebut tercermin melalui peningkatan                industrial climate in 2023. This is reflected in an increase in
permintaan mencapai 3,6% dibanding tahun sebelumnya,                         cement demand reaching 3.6% compared to the previous
yang terjadi pada hampir seluruh pulau di Indonesia (“Daily                  year, which occurred on almost all islands in Indonesia
Economic and Market Review” Bank Mandiri, Januari 2024).                     ("Daily Economic and Market Review" Bank Mandiri, January
Peningkatan tertinggi terjadi pada Pulau Kalimantan yang                     2024). The highest increase occurred on Kalimantan Island
tumbuh 22,1% (yoy), dikontribusikan peningkatan permintaan                   which grew 22.1% (yoy), contributed by an increase in
semen di Kalimantan Timur sebesar 55% (yoy) dan                              cement demand in East Kalimantan by 55% (yoy) and North
Kalimantan Utara yang tumbuh 64,6% (yoy). Secara dominan,                    Kalimantan which grew 64.6% (yoy). Dominantly, the increase
pertumbuhan peningkatan permintaan semen pada 2 (dua)                        in cement demand in these 2 (two) provinces was influenced
provinsi tersebut dipengaruhi kelanjutan pembangunan Ibu                     by the continued development of the Indonesian Capital City
Kota Nusantara (IKN) serta proyek industri tanah kuning.                     (IKN) and the yellow land industrial project.


Jumlah volume penjualan semen di Indonesia pada 2023                         The total volume of cement sales in Indonesia in 2023 reached
adalah mencapai 65,6 juta ton dengan penjualan semen                         65.6 million tons with bulk cement sales growing 13.6%
curah tumbuh 13,6% (yoy) yang menandakan peningkatan                         (yoy), which indicates an increase in demand for cement for
permintaan semen untuk konstruksi infrastruktur. Sementara                   infrastructure construction. Meanwhile, there was a decline
itu, terjadi penurunan permintaan semen untuk konstruksi                     in demand for cement for residential property construction,
properti perumahan yang tercermin melalui penurunan                          which was reflected in a decline in sales of bagged cement
penjualan semen kantong sebesar minus 1,5% (yoy). Penjualan                  of minus 1.5% (yoy). Office cement sales are 71% of total
semen kantor adalah sebesar 71% terhadap total penjualan                     domestic cement sales, while bulk cement sales are 29% of
semen domestik, sementara penjualan semen curah adalah                       total domestic cement sales in 2023.
sebesar 29% dari total penjualan semen domestik pada 2023.


Situasi positif pada industri semen nasional juga tercermin                  The positive climate in the national cement industry is also
melalui pertumbuhan total ekspor semen dan clinker                           reflected in the growth of total cement and clinker exports
20,7% (yoy), dengan volume ekspor mencapai 10,8 juta                         of 20.7% (yoy), with export volume reaching 10.8 million tons.
ton. Angka tersebut memperlihatkan perubahan signifikan                      This figure shows significant changes on an annual basis
secara tahunan dengan pertumbuhan volume ekspor pada                         with export volume growth in 2022 contracting by minus
2022 terkontraksi minus 21,6%. Pertumbuhan tersebut                          21.6%. This growth was contributed by the volume of clinker
dikontribusikan oleh volume ekspor clinker yang tumbuh                       exports which grew 25.1% in 2023. The destination countries
25,1% pada 2023. Negara-negara tujuan ekspor semen                           for cement exports in 2023 include Bangladesh, Australia and
pada 2023 mencakup Bangladesh, Australia, hingga Taiwan,                     Taiwan, with the highest growth in cement exports occurring
dengan pertumbuhan ekspor semen tertinggi terjadi di                         in Taiwan.
Taiwan.




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Tinjauan Operasi Per Segmen Usaha
Overview of Operations Per Business Segment

DASAR PENERAPAN SEGMEN USAHA                                                    BASIS FOR IMPLEMENTATION OF BUSINESS
                                                                                SEGMENTS
Sesuai Pasal 3 Anggaran Dasar Perusahaan, maksud dan                            According to Article 3 of the Company’s Articles of
tujuan Semen Baturaja adalah melakukan usaha di bidang                          Association, the aims and objectives of the Company are to
persemenan dan industri kimia dasar lainnya serta optimalisasi                  conduct business in the cement and other basic chemical
pemanfaatan sumber daya yang dimiliki Perusahaan. Hal                           industries while optimizing the utilization of the Company’s
tersebut dilakukan dalam rangka menghasilkan barang dan/                        resources. The aim is to produce high-quality and highly
atau jasa yang bermutu tinggi dan berdaya saing kuat untuk                      competitive goods and/or services, pursue profits, and
mendapat/mengejar keuntungan, guna meningkatkan nilai                           increase the value of the Company with the principles of a
Perusahaan dengan prinsip-prinsip Perusahaan Terbatas.                          Limited Liability Company.


Pembahasan tinjauan operasi per segmen usaha pada Laporan                       The operational review per business segment presented in
Tahunan ini disajikan berdasarkan informasi keuangan yang                       this Annual Report is based on financial information used by
digunakan oleh manajemen, selaku pengambil keputusan                            Management as the operational decision maker in evaluating
operasional, dalam mengevaluasi kinerja segmen dan                              segment performance and determining the allocation of
menentukan alokasi sumber daya yang dimiliki Perusahaan.                        resources. Management has determined the operating
Manajemen telah menetapkan segmen operasi berdasarkan                           segments based on the activities of each of the Company’s
aktivitas dari setiap kegiatan operasi Perusahaan serta                         and its subsidiaries’ operating activities for the products and
entitas anak atas produk dan jasa yang dihasilkan.                              services produced.


Produk yang dihasilkan oleh Perusahaan adalah semen,                            The Company’s products include cement, clinker, mortar, and
terak, mortar, dan white clay atau tanah liat putih. Sementara                  white clay. Additionally, through its subsidiary PT Baturaja Multi
itu, Perusahaan melalui PT Baturaja Multi Usaha (BMU) yang                      Usaha (BMU), the Company engages in cement distribution
merupakan entitas anak, melaksanakan kegiatan usaha di                          and transportation. The products and services produced by
bidang transportasi dan distribusi semen. Produk dan jasa                       the Company and its subsidiaries are a consolidated source
yang dihasilkan Perusahaan dan entitas anak Perusahaan,                         of income for the Company and are presented in the financial
merupakan      sumber        pendapatan               Perusahaan      secara    information as one of the benchmarks for management to
konsolidasian. Hal tersebut sebagaimana yang tersaji pada                       evaluate performance.
informasi keuangan, sebagai salah satu tolok ukur bagi
manajemen untuk mengevaluasi kinerja Perusahaan.


SEGMEN USAHA BERDASARKAN PRODUK DAN                                             BUSINESS SEGMENT BASED ON PRODUCTS AND
JASA YANG DIHASILKAN                                                            SERVICES PRODUCED
PRODUK SEMEN                                                                    Cement Products
Sebagai perusahaan yang bergerak dalam industri semen,                          As a company operating in the cement industry, we currently
Perusahaan memproduksi 4 (empat) tipe produk semen dan                          produce four types of cement products. Please refer to the
sejumlah produk sampingan ataupun jasa, dengan uraian                           attached table for details.
yang dapat dilihat pada tabel berikut:




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                      Management Discussion and Analysis     Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                                     Tinjauan Operasi Per Segmen Usaha
                                                           Overview of Operations Per Business Segment



  No.         Tipe / Type                                                               Uraian / Description
   1      Ordinary Portland         OPC Tipe I merupakan salah satu jenis produk Perusahaan yang memenuhi kriteria SNI 2049: 2015 dan
         Cement (OPC) Tipe I        dapat direkomendasikan untuk keperluan bangunan konstruksi pada umumnya untuk semua mutu beton
        Indonesian Standard:        tanpa memerlukan syarat-syarat khusus. OPC Tipe I mempunyai keunggulan, karena cepat kering, memiliki
         SNI No. 031/ BSKJI/        daya rekat yang kuat, hasil adukan yang tidak mudah retak dan kekuatan tekan yang baik. / OPC Type I is
        Baristand-Palembang/        one of the Company's product types that meets the criteria of SNI 2049: 2015 and can be recommended for
             MS.1/III/2022          construction building needs in general for all concrete grades without requiring special requirements. OPC
                                    Type I has the advantage, because it dries quickly, has strong adhesion, the results of the mortar are not
                                    easily cracked and good compressive strength.

                                    OPC Tipe I tersedia dalam kemasan zak 50 kilogram, bigbag 1.000 kilogram dan curah. OPC Tipe I biasanya
                                    diaplikasikan pada struktur jembatan, jalan beton, komponen bangunan bertingkat seperti panel beton,
                                    tiang pancang, landasan pacu pesawat udara. / OPC Type I is available in 50 kg sacks, 1,000 kg big bags and
                                    bulk. OPC Type I is usually applied to bridge structures, concrete roads, multi-storey building components
                                    such as concrete panels, piles, aircraft runways.
   2       Ordinary Portland        OPC Tipe II merupakan salah satu jenis produk Perusahaan yang memenuhi kriteria SNI 2049: 2015 dan
          Cement (OPC) Tipe II      dapat direkomendasikan untuk keperluan bangunan konstruksi yang memerlukan ketahanan terhadap
         Indonesian Standard:       kandungan asam sulfat sedang (0,10 - 0,20%) & panas hidrasi bersifat sedang “Medium Resistance”. OPC
          SNI No. 032/BSKJI/        Tipe II tersedia dalam kemasan bigbag 1.000 kilogram dan curah. OPC Tipe II biasanya diaplikasikan pada
         BaristandPalembang/        bangunan yang letaknya di pinggir laut, tanah rawa, dermaga, saluran irigasi dan bendungan. / OPC Type II
             MS.1/III/2022          is one of the Company's product types that meets the criteria of SNI 2049: 2015 and can be recommended
                                    for construction building needs that require resistance to moderate sulfuric acid content (0.10 - 0.20%) &
                                    medium hydration heat "Medium Resistance" . OPC Type II is available in big bags of 1,000 kilograms and in
                                    bulk. OPC Type II is usually applied to buildings located on the seafront, marshlands, wharves, irrigation
                                    canals and dams.
   3       Ordinary Portland        OPC Tipe V merupakan salah satu jenis produk yang memenuhi kriteria SNI 2049: 2015 dan dapat
         Cement (OPC) Tipe V        direkomendasikan untuk keperluan bangunan konstruksi yang memerlukan ketahanan terhadap kandungan
          SNI No. 033/BSKJI/        asam sulfat tinggi (lebih dari 0,20%) & panas hidrasi bersifat tinggi “Ultra Resistance”. OPC Tipe V tersedia
         BaristandPalembang/        dalam kemasan bigbag 1.000 kilogram dan curah. OPC Tipe V biasanya diaplikasikan pada bangunan yang
             MS.1/III/2022          letaknya di pinggir laut, daerah rawa, bangunan Instalasi Pengolahan Air Limbah (IPAL), kawasan tambang,
                                    pembangkit tenaga nuklir dan proyek geothermal. / OPC Type V is a type of product that meets the criteria
                                    of SNI 2049: 2015 and can be recommended for construction building needs that require resistance to high
                                    sulfuric acid content (more than 0.20%) & high hydration heat "Ultra Resistance". OPC Type V is available in
                                    big bags of 1,000 kilograms and in bulk. OPC Type V is usually applied to buildings located on the seafront,
                                    swamp areas, Wastewater Treatment Plant (WWTP) buildings, mining areas, nuclear power plants and
                                    geothermal projects.
   4     Portland Composite         PCC merupakan salah satu jenis produk Perusahaan yang memenuhi kriteria SNI 7064: 2014 dan dapat
            Cement (PCC)            direkomendasikan untuk keperluan bangunan konstruksi pada umumnya. PCC mempunyai keunggulan
             Indonesian             karena memiliki panas hidrasi lebih rendah sehingga akan lebih mudah dalam proses pengerjaan dan dapat
        Standard: SNI No. 015/      menghasilkan permukaan beton serta plester yang lebih rapat dan halus. PCC juga memiliki daya rekat
         BSPJI-Palembang/           yang kuat, kedap air dan kekuatan tekan yang baik. PCC tersedia dalam kemasan zak 50 kilogram, bigbag
            MS.1/II/2023            1.000 kilogram dan curah. PCC biasanya diaplikasikan pada bangunan konstruksi pada umumnya seperti
                                    bangunan perumahan, gedung bertingkat, jembatan, batako, paving block. / PCC is one of the Company's
                                    product types that meets the criteria of SNI 7064: 2014 and can be recommended for construction building
                                    needs in general. PCC has the advantage of having a lower hydration heat so it was at easier to work with
                                    and can produce a denser and smoother concrete and plaster surface. PCC also has strong adhesion, water
                                    resistance and good compressive strength. PCC is available in 50 kg sacks, 1,000 kg big bags and bulk. PCC
                                    is usually applied to construction buildings in general, such as residential buildings, multi-storey buildings,
                                    bridges, concrete blocks, paving blocks.



PRODUK TERAK                                                                     CLINKER PRODUCTS
Terak atau clinker merupakan produk setengah jadi untuk                          Clinker is an essential raw material for the production of
pembuatan semen yang berasal dari pembakaran campuran                            cement. The process of making clinker involves burning the
bahan baku, yang terdiri dari batu kapur, tanah liat, pasir besi,                mixture of raw materials such as limestone, clay, iron sand,
dan pasir silika. Selain produksi semen, Perusahaan memiliki                     and silica sand. The Company operates two production




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                             Performance Highlights       Management Report      Company Profile       Overview on Business Supports




Tinjauan Operasi Per Segmen Usaha
Overview of Operations Per Business Segment



lini bisnis produksi terak yang dihasilkan di pusat produksi                  centers for clinker, which are the Baturaja I Plant and the
yang terletak di Baturaja, yakni Pabrik Baturaja I dengan                     Baturaja II Plant, both located in Baturaja, Indonesia. The
kapasitas 1.200.000 ton/tahun dan Pabrik Baturaja II dengan                   Baturaja I Plant has a capacity of 1,200,000 tons per year,
kapasitas 1.500.000 ton/tahun.                                                while the Baturaja II Plant has a capacity of 1,500,000 tons
                                                                              per year.


BATURAJA MORTAR                                                               BATURAJA MORTAR
Baturaja mortar merupakan jenis produk semen instan milik                     Baturaja mortar is a type of instant cement product
Perseroan yang diformulasikan dengan fungsi dan kegunaan                      formulated with specific functions and uses. It is very easy
spesifik. Baturaja mortar sangat mudah untuk diaplikasikan                    to apply since it does not require the addition of any other
sebab pada proses penggunaannya tidak perlu penambahan                        materials; it can be applied directly by just adding water. This
material lain, yaitu dapat langsung diaplikasikan hanya                       instant cement is an alternative building material that can
dengan menambahkan air. Semen instan ini dapat menjadi                        replace conventional cement-sand mortar.
bahan bangunan alternatif pengganti adukan semen pasir
konvensional.


Kelebihan dari mortar adalah aplikasi lebih tipis sehingga                    The advantages of using this mortar include a thinner
lebih hemat pemakaian serta menggunakan aditif khusus                         application, making it more efficient, and special additives
untuk meningkatkan kualitas. Selain itu, baturaja mortar                      that enhance its quality. In addition, Baturaja mortar offers
memiliki banyak keunggulan yaitu lebih praktis, berkualitas,                  many advantages such as practicality, high quality, and
dan efisien.                                                                  efficiency.


Produk ini terdiri dari 5 (lima) varian yaitu perekat keramik,                The product comprises of five variants, which are ceramic
pasangan bata dan plesteran, pasangan bata ringan, acian                      adhesive, brick masonry and stucco, light brick masonry, gray
abu-abu, dan acian putih yang tersedia dalam kemasan zak                      mortar, and white mortar, available in 25 kg and 40 kg sacks.
40 kilogram dan 25 kilogram. Penjelasan masing-masing                         The explanation of each variant is as follows:
varian adalah sebagai berikut:
1. Perekat Keramik                                                            1. Ceramic Adhesive
   Produk ini merupakan jenis semen perekat instan untuk                         This product is an instant adhesive cement used for
   keramik, granit, marmer, mosaik, dan batu alam pada                           ceramic, granite, marble, mosaic, and natural stone on
   lantai maupun dinding. Mortar perekat keramik memiliki                        both floors and walls. The ceramic adhesive mortar has
   daya rekat kuat, praktis, hemat, dapat diaplikasikan untuk                    a strong adhesion, is practical, economical, and can be
   bidang yang tidak rata.                                                       applied to uneven surfaces.


2. Pasangan Bata dan Plesteran                                                2. Masonry and Plastering
   Produk ini merupakan jenis semen perekat instan untuk                         This product is an instant adhesive cement used for
   pemasangan bata merah dan plesteran pada dinding bata                         installing red brick and plaster on both brick and concrete
   serta beton. Mortar pasangan bata dan plesteran memiliki                      walls. The mortar for masonry and plaster has a strong
   daya rekat kuat, praktis, hemat, dan dapat dilakukan                          adhesion, is practical, economical, and can be plastered
   pengacian setelah 5 (lima) jam.                                               after just 5 hours.




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                     Management Discussion and Analysis     Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                    Tinjauan Operasi Per Segmen Usaha
                                                          Overview of Operations Per Business Segment



3. Pasangan Bata Ringan                                                         3. Light Brickwork
   Produk ini merupakan merupakan jenis semen perekat                                 This product is an instant adhesive cement used for
   instan untuk pemasangan bata ringan. Mortar pasangan                               the installation of light bricks. The lightweight masonry
   bata ringan memiliki daya rekat kuat, praktis, hemat, dan                          mortar has strong adhesion, is practical, economical, and
   dapat dilakukan plester setelah 24 jam.                                            can be plastered after 24 hours.


4. Acian Abu-Abu                                                                4. Gray Mixture
   Acian abu-abu merupakan jenis semen acian instan                                   Gray mixture is an instant cement mortar used for
   merupakan jenis semen acian instan untuk permukaan                                 plastering wall surfaces and concrete for indoor
   dinding plester, konkret serta dapat diaplikasikan untuk                           purposes. The plaster mortar produces a smooth
   keperluan indoor. Mortar acian menghasilkan acian                                  coating, prevents hairline cracks, has good adhesion, is
   yang halus, mencegah adanya retak rambut, memiliki                                 practical, economical, and efficient. It can also be painted
   daya rekat yang baik, praktis, hemat, efisien dan dapat                            immediately after 24 hours.
   langsung di cat setelah 24 jam.


5. Acian Putih                                                                  5. White Mixture
   Acian putih merupakan jenis semen acian instan                                     White mixture is an instant cement mortar used for
   untuk permukaan dinding plester, konkret serta dapat                               plastering concrete wall surfaces for both indoor and
   diaplikasikan untuk keperluan indoor maupun outdoor.                               outdoor purposes. The white mortar produces a smooth
   Mortar acian putih menghasilkan acian yang halus,                                  coating, prevents hairline cracks, has good adhesion, is
   mencegah adanya retak rambut, memiliki daya rekat yang                             practical, economical, and efficient. It can also be painted
   baik, praktis, hemat, efisien dan dapat langsung di cat                            immediately after 24 hours.
   setelah 24 jam.


WHITE CLAY                                                                      WHITE CLAY
White Clay atau tanah liat merupakan produk turunan yang                        White Clay is a derivative product produced by the Company,
dihasilkan Semen Baturaja. Produk ini diperoleh langsung                        obtained directly from the mining process within the
dari proses penambangan di area milik Perusahaan. White                         Company’s area. This product has many uses, including as
Clay memiliki banyak kegunaan salah satunya sebagai bahan                       an ingredient in the process of making ceramics and NPK
dalam proses pembuatan keramik dan pupuk NPK. Selain itu,                       fertilizer. Downstream products are also in development
terdapat juga hilirisasi berupa pengembangan produk lainnya                     stages, such as porous concrete and fiber cement board.
seperti beton porous dan fibre cement board.


JASA PENGANGKUTAN DAN LAIN-LAIN                                                 FREIGHT SERVICES AND OTHERS
Semen Baturaja melalui PT Baturaja Multi Usaha (BMU)                            PT Baturaja Multi Usaha (BMU), a subsidiary of the Company,
yang merupakan entitas anak Perusahaan, melaksanakan                            is engaged in cement transportation services through
kegiatan usaha di bidang transportasi semen zak, curah, dan                     cement sacks, bulk, and big bags. In addition to cement, BMU
bigbag. Selain menjadi transportir semen, BMU juga menjadi                      also transports other materials such as, domestic clinker,
transportir bahan-bahan material seperti, clinker dalam                         pozzolan, gypsum, and laterite ores, as well as hazardous
negeri, pozzolan, gypsum, dan lateric ores, serta limbah bahan                  and toxic waste materials. BMU also acts as a distributor of
berbahaya dan beracun. Di samping itu, BMU juga bergerak                        Semen Baturaja by selling cement in various types of sacks,
sebagai distributor Semen Baturaja dengan menjual semen                         bulk, and bigbags.
jenis zak, curah, dan bigbag.




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                            Performance Highlights       Management Report      Company Profile       Overview on Business Supports




Tinjauan Operasi Per Segmen Usaha
Overview of Operations Per Business Segment



STRATEGI PENGEMBANGAN SEGMEN USAHA                                           BUSINESS SEGMENT DEVELOPMENT STRATEGY
DAN TANTANGAN YANG DIHADAPI SERTA                                            AND CHALLENGES FACED AND COMPANY
UPAYA PERUSAHAAN DALAM MENGHADAPI                                            EFFORTS IN FACING CHALLENGES
TANTANGAN
Strategi Perusahaan mengacu kepada upaya peningkatan                         The Company's strategy are efforts to increase profitability
profitabilitas baik bagi SMBR maupun bagi induk dengan                       for both SMBR and the parent company by ensuring increased
memastikan peningkatan nilai dari setiap tahapan proses                      value from each stage of the business process in the
bisnis di Perusahaan. Sebagai Operating Company (Opco),                      Company. As an Operating Company (Opco), the Company
Perusahaan mengimplementasikan best practice operational                     implements operational best practices in each production
dalam setiap lini produksi dan melakukan efisiensi biaya.                    line and carries out cost efficiency.


Dalam rangka meningkatkan kinerja Perusahaan beberapa                        In improving the Company's performance, several strategies
strategi yang dilakukan Perusahaan di tahun 2023 antara lain:                were implemented in 2023, including:
1. Perusahaan melakukan beberapa upaya efisiensi di                          1. The Company has made several efficiency efforts in
   berbagai bidang dalam program SMBRGO45                                       various fields in the SMBRGO45 program
   •   Optimalisasi      pola     distribusi         dengan    pemilihan        •     Optimizing distribution patterns by selecting modes,
       moda, kapasitas angkut dan sumber produk serta                                 transport capacity and product sources and reducing
       mengurangi double handling                                                     double handling
   •   Melakukan Tactical Demand Meeting dan Tactical                           •     Holding Tactical Demand Meetings and Tactical
       Supply Chain Meeting untuk merencanakan supply                                 Supply Chain Meetings to plan cement supply to
       semen ke pelanggan dan kebutuhan armada (yang                                  customers and fleet needs (adjusted to the expeditor's
       disesuaikan dengan kemampuan armada ekspeditor)                                fleet capabilities)
   •   Pengalihan suplai untuk wilayah Jambi berdasarkan                        •     Diverting supply for the Jambi area based on the
       cost to serve terendah dengan melakukan ICS beli ke                            lowest cost to serve by purchasing ICS from Semen
       Semen Padang                                                                   Padang
   •   Evaluasi kinerja ekspeditor setiap bulan untuk                           •     Evaluating expeditor performance every month to
       memastikan kinerja yang optimal.                                               ensure optimal performance.
   •   Mengoptimalkan dan menyesuaikan stamformasi                              •     Optimizing and adjusting train stamformation by
       (susunan       rangkaian)             kereta      api      dengan              considering stock needs and market demand and
       mempertimbangkan kebutuhan stok dan permintaan                                 maintaining minimum transportation targets.
       pasar serta menjaga pemenuhan target angkutan
       minimum.
   •   Melakukan tender penambahan armada angkutan truk                         •     Holding tenders for additional truck transport fleets to
       untuk mengantisipasi peningkatan volume rilis ICS.                             anticipate an increase in the volume of ICS releases.
   •   Memaksimalkan pemanfaatan alternative fuel (sludge                       •     Maximizing the use of alternative fuel (sludge oil,
       oil, Spent Bleaching Earth (SBE), kantong pecah, oli                           Spent Bleaching Earth (SBE), broken bags, used oil,
       bekas, majun bekas dan bad stock dari industri lain)                           used material and bad stock from other industries)
       dan alternative raw material seperti fly ash dan bottom                        and alternative raw materials such as fly ash and
       ash.                                                                           bottom ash.
   •   Melakukan pengendalian dan penurunan faktor terak.                       •     Controlling and reducing clinker factors.
   •   Mengatur komposisi pengadaan batubara dari sumber                        •     Regulating the composition of coal procurement from
       yang paling ekonomis.                                                          the most economical sources.




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                     Management Discussion and Analysis              Good Corporate Governance                  Corporate Social and Environmental Responsibility




                                                                      Tinjauan Operasi Per Segmen Usaha
                                                            Overview of Operations Per Business Segment



   •    Menjalankan program plant automation berbasis                                          •        Carrying out an Industry 4.0 based plant automation
        industri 4.0 dengan menerapkan Intelligence Process                                             program by implementing an Intelligence Process
        Control System untuk mendorong perbaikan di sisi                                                Control System to encourage improvements on the
        operasi.                                                                                        operations side.
   •    Perusahaan juga melakukan pembayaran dipercepat                                        •        The Company also made accelerated payments on
        terhadap   hutang       bank        jangka         panjang        untuk                         long-term bank debt to reduce interest expenses.
        menurunkan beban bunga.


2. Perusahaan secara konsisten berupaya menciptakan SDM                                  2. The Company consistently strives to create superior and
   yang unggul dan profesional dengan mengembangkan                                            professional human resources by developing a talent
   sistem manajemen talenta sesuai dengan arahan dari SIG.                                     management system in accordance with SIG's directions.


INISIATIF STRATEGIS DI TAHUN 2023                                                        STRATEGY INITIATIVE IN 2023
Tahun 2023 merupakan tahun permulaan Perusahaan                                          In 2023 the Company officially became a part of the Semen
resmi bergabung dengan grup Semen Indonesia untuk                                        Indonesia group to support the creation of SOE cement
mendukung penciptaan sinergi klaster semen BUMN. Dengan                                  cluster synergies. With such favorable conditions, in 2023,
kondisi yang sangat menguntungkan ini, pada tahun 2023,                                  the Company was able to achieve an improved performance
Perusahaan mampu mencapai target kinerja yang jauh lebih                                 compared to 2022.
baik dibandingkan tahun 2022.


Untuk    mendukung       hal      tersebut,          Perusahaan            telah         In this regard, the Company has updated its strategic
memperbarui inisiatif strategi untuk tahun 2023, yaitu:                                  initiatives for 2023, namely:
1. Menciptakan lingkungan berbudaya AKHLAK yang                                          1. Creating an environment with an AKHLAK culture that
   menjangkau hingga rantai bisnis utama perusahaan                                            reaches the Company's main business chain through
   melalui pengembangan SDM unggul dan berdaya saing                                           the development of superior and competitive human
                                                                                               resources
   Dalam rangka pencapaian visi dan misi Perusahaan,                                           In order to achieve the Company's vision and mission,
   dibutuhkan nilai-nilai sebagai identitas dan perekat                                        values serve as an identity and work culture that can
   budaya kerja yang dapat mendorong peningkatan kinerja                                       encourage continuous performance improvement. The
   secara berkelanjutan. Implementasi budaya AKHLAK                                            AKHLAK culture is carried out to reach the main business
   dilakukan hingga menjangkau rantai bisnis utama                                             chain so that employees together with stakeholders
   sehingga karyawan bersama-sama dengan stakeholders                                          can become subjects of change. This is to support the
   dapat menjadi subjek dalam perubahan. Hal ini untuk                                         creation of an industrial cooperation ecosystem that
   mendukung terciptanya ekosistem kerja sama industri                                         synergizes and collaborates.
   yang bersinergi dan berkolaborasi.


2. Menjadi    pemain      terbaik         dalam           industri      semen            2. Become the best player in the National cement industry
   Nasional dalam rangka meningkatkan nilai tambah dan                                         to increase added value and competitive advantage
   keunggulan kompetitif
   Perusahaan      berupaya          meningkatkan              pendapatan                      The Company seeks to increase revenue while maintaining
   dengan tetap menjalankan efisiensi melalui penerapan                                        efficiency through implementing operational excellence
   operational excellence baik dari segi penjualan semen                                       both in terms of sales of cement and derivative products,
   dan produk turunan, maupun dari segi operasional pabrik,                                    as well as in terms of plant operations, to produce high
   untuk menghasilkan produktivitas yang tinggi, produk                                        productivity, quality products and services, as well as the
   dan layanan berkualitas, serta cost to serve yang paling                                    most efficient cost to serve.
   efisien.


                                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Tinjauan Operasi Per Segmen Usaha
Overview of Operations Per Business Segment



3. Menjadi yang terdepan dalam mendukung terciptanya                         3. Be at the forefront in supporting the creation of an
   industri semen yang ramah lingkungan                                         environmentally friendly cement industry
   Sebagai salah satu strategi berkelanjutan serta langkah                      As a sustainable strategy and active measure to support
   aktif mendukung program pemerintah dalam penurunan                           government programs in reducing Green House Gas (GHG)
   emisi Gas Rumah Kaca (GRK), Perusahaan menjalankan                           emissions, the Company carries out green environmental
   pengelolaan lingkungan hijau, pengelolaan limbah, serta                      management, waste management, and increases the use
   peningkatan pemanfaatan Alternative Fuel and Raw                             of Alternative Fuel and Raw Material (AFR) to create an
   Material (AFR) untuk menciptakan industri semen yang                         environmentally friendly cement industry.
   ramah lingkungan.


4. Menciptakan digital mindset dalam rangka mendukung                        4. Create a digital mindset to support an innovative and
   lingkungan kerja yang inovatif dan adaptif                                   adaptive work environment
   Untuk dapat bertransformasi di era kemajuan teknologi,                       To transform in the era of technological progress, human
   hal utama yang perlu dilakukan adalah menyiapkan                             resources plays a key role for their preparation to have a
   sumber daya manusia agar memiliki pola pikir yang                            mindset that is adaptive to change yo a more innovative
   adaptif terhadap perubahan sehingga dalam melakukan                          approach to business problems.
   pendekatan pada masalah bisnis dapat lebih inovatif.


5. Mengembangkan infrastruktur GCG yang terintegrasi                         5. Develop an integrated GCG infrastructure and support
   dan mendukung pengembangan perusahaan                                        the Company's development
   Perbaikan terus-menerus (continuous improvement)                             Continuous improvement in the implementation of Good
   dalam penerapan Good Corporate Governance (GCG) untuk                        Corporate Governance (GCG) to strengthen the Company's
   menguatkan fundamental Perusahaan dalam menjaga                              fundamentals in maintaining the sustainability of the
   keberlanjutan bisnis Perusahaan.                                             Company's business.


Di tengah upaya dalam mengembangkan segmen usaha guna                        Despite the Company’s efforts to improve performance in 2023
meningkatkan kinerja, Perusahaan menghadapi beberapa                         through business segment development, several challenges
tantangan. Penjelasan mengenai tantangan yang dihadapi                       are being faced. The challenges and the Company’s response
serta upaya yang dilakukan dalam mengatasi tantangan                         to them are as follows:
tersebut adalah sebagai berikut:
1. Oversupply Semen Nasional                                                 1. National Cement Oversupply
   Berdasarkan data Asosiasi Semen Indonesia pada                               Based on data from the Indonesian Cement Association
   Webinar Outlook Ekonomi 2024, Desember 2023, utilisasi                       at the 2024 Economic Outlook Webinar, December
   semen Nasional tahun 2023 berkisar 57% terhadap                              2023, National cement utilization in 2023 was around
   konsumsi semen dan semakin ketatnya persaingan,                              57% of cement consumption and with increasingly tight
   SMBR berupaya meningkatkan penjualan produk produk                           competition, SMBR is trying to increase sales of products
   dan produk turunan serta efisiensi di seluruh lini.                          and derivative products as well as efficiency in all lines.


2. Kenaikan Biaya Logistik                                                   2. Increase in Logistics Costs
   Kenaikan tarif ongkos angkut merupakan tantangan bagi                        The increase in logistics costs is a challenge for
   SMBR. Namun, SMBR tetap berupaya mengoptimalisasi                            SMBR. However, SMBR continues to strive to optimize
   pola distribusi melalui pemilihan moda, kapasitas angkut                     distribution patterns through selecting modes, transport
   dan sumber produk serta mengurangi double handling                           capacity and product sources as well as reducing double
   dalam menjaga biaya operasional perusahaan tetap baik.                       handling in order to maintain the Company's operational
                                                                                costs well.




264       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                      Analisis dan Pembahasan Manajemen      Tata Kelola Perusahaan yang Baik               Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis     Good Corporate Governance                      Corporate Social and Environmental Responsibility




                                                                     Tinjauan Operasi Per Segmen Usaha
                                                           Overview of Operations Per Business Segment



3. Tren Kenaikan Harga Bahan Bakar (Batubara)                                    3. Increase in Fuel Prices (Coal)
   Tren harga batubara mulai menunjukkan penurunan sejak                               The trend in coal prices began to show a decline since
   awal tahun 2023 namun baru mencapai titik yang lebih                                the beginning of 2023 but only reached a lower point
   rendah dibandingkan tahun 2022 pada September 2023.                                 compared to 2022 in September 2023. The company
   Perusahaan tetap melakukan efisiensi untuk menekan                                  continues to carry out efficiency to reduce production
   biaya produksi dengan mengatur kombinasi pengadaan                                  costs by arranging a combination of coal procurement
   batubara dari PT Bukit Asam dan dari pengusaha batubara                             from PT Bukit Asam and from coal entrepreneurs in the
   di sekitar Perusahaan.                                                              area. Company.


KINERJA SEGMEN USAHA                                                             BUSINESS SEGMENT PERFORMANCE
Volume produksi semen yang dihasilkan Perusahaan pada                            The volume of cement production by the Company in 2023
2023 adalah mencapai 2.144.653 ton, mengalami peningkatan                        reached 2,144,653 tons, an increase of 7.47%, compared to
sebesar 7,47%, dibanding pada tahun 2022 yang mencapai                           2022 at 1,995,565 tons. Clinker production has increased by
1.995.565 ton. Produksi terak mengalami peningkatan sebesar                      12.3%, from 1,364,803 tons in 2022 to 1,532,608 tons in 2023.
12,3%, dari 1.364.803 ton di tahun 2022 menjadi 1.532.608 ton                    Meanwhile, white clay production in 2023 was at 52,647 tons,
di tahun 2023. Adapun, produksi white clay di tahun 2023                         a decrease of 5.69%, compared to in 2022 at 55,823 tons.
adalah mencapai 52.647 ton, mengalami penurunan sebesar
5,69%, dibanding pada tahun 2022 yang mencapai 55.823 ton.


Perkembangan Volume Produksi 2022-2023                                           Development of Production Volume 2022-2023
Dalam ton.                                                                       In tons
                                                                                                                                              Kenaikan/Penurunan /
                                                                                                                                               Increase/Decrease
                             Produk / Product                                                   2023                 2022
                                                                                                                                            Selisih /               Persentase /
                                                                                                                                           Difference                Percentage
Semen / Cement                                                                                  2.144.653              1.995.565                   149.088                   7,47
  Ordinary Portland Cement (OPC) Tipe I / Ordinary Portland Cement (OPC)
                                                                                                 466.256                 239.890                  226.366                  94,36
  Type I
  Ordinary Portland Cement (OPC) Tipe II / Ordinary Portland Cement (OPC)
                                                                                                        -                          -                            -               -
  Type II
  Ordinary Portland Cement (OPC) Tipe V / Ordinary Portland Cement (OPC)
                                                                                                        -                          -                            -               -
  Type V
Portland Composite Cement (PCC)                                                                 1.678.397              1.755.675                   -77.278                 -4,40
Terak / Clinker                                                                                 1.532.608             1.364.803                    167.805                  12,30
Baturaja Mortar                                                                                         -                       124                             -               -
White Clay                                                                                        52.647                   55.823                    -3.176                 -5,69



Pencapaian produksi di tahun 2023 berdampak terhadap                             Achieving production in 2023 impacted the operational
aspek operasional pabrik dalam menghasilkan produk-produk                        aspects of the plant in producing the Company's products.
Perusahaan. Konsumsi panas atau heat consumption di tahun                        Heat consumption in 2023 was at 799.32 kcal/kg, an increase
2023, tercatat mencapai 799,32 kcal/kg, meningkat 3,33%,                         of 3.33%, compared to 2022 at 773.56 kcal/kg. The increase
dibanding pada tahun 2022 yang mencapai 773,56 kcal/kg.                          was due to equipment disruption and an increase in the TSR
Peningkatan disebabkan adanya gangguan peralatan dan                             value in 2023, which reached 3%, higher than the realization
peningkatan nilai TSR tahun 2023, yang mencapai 3%, lebih                        in 2022, which reached 2.62%. Meanwhile, the electricity
tinggi dibandingkan realisasi tahun 2022, yang mencapai                          usage index in 2023 reached 82.42 kWh/ton, an increase




                                                                                                                 2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen             Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report             Company Profile       Overview on Business Supports




Tinjauan Operasi Per Segmen Usaha
Overview of Operations Per Business Segment



2,62% Adapun, indeks pemakaian listrik di tahun 2023 adalah                           of 5.92 %, compared to 2022 which reached 77.81 kWh/ton.
mencapai 82,42 kWh/ton meningkat 5,92%, dibanding pada                                This increase occurred due to equipment disruption and an
tahun 2022 yang mencapai 77,81 kWh/ton. Peningkatan ini                               increase in OPC cement production volume in 2023, which
terjadi karena adanya gangguan peralatan dan kenaikan                                 reached 21.74%, higher than the realization in 2022 which
volume produksi semen OPC di tahun 2023, yang mencapai                                was only 12.02%
21,74%, lebih tinggi dibandingkan realisasi tahun 2022 yang
hanya sebesar 12,02%


Konsumsi Panas dan Pemakaian Listrik atas Operasional                                 Heat Consumption and Electricity Usage for Plant
Pabrik 2022-2023                                                                      Operations 2022-2023
                                                                                                                                      Kenaikan/Penurunan /
                                                                                                                                       Increase/Decrease
                               Produk / Product                                                2023            2022
                                                                                                                                    Selisih /            Persentase /
                                                                                                                                   Difference             Percentage
Heat Consumption (kcal/kg)                                                                          799,32           773,56                     25,76            3,33
Indeks Pemakaian Listrik (kWh/ton)                                                                   82,42            77,81                      4,61            5,92



Sementara itu, faktor terak atas operasional pabrik di                                Meanwhile, the clinker factor for plant operations in 2023
tahun 2023 adalah sebesar 68,6%, lebih rendah dibanding                               was 68.6%, lower than in 2022 at 69.40%. This is due to the
tahun 2022 yang mencapai 69,40%. Hal ini disebabkan                                   clinker factor reduction program carried out by the Company
adanya program penurunan faktor terak yang dilakukan oleh                             as a cost leadership effort, while maintaining product quality.
Perusahaan sebagai salah satu upaya cost leadership, dengan                           Meanwhile, utilization of the Company's 3 (three) plants in
tetap menjaga kualitas produk. Adapun, utilisasi 3 (tiga)                             2023 was 55.7%, higher than in 2022 which was 51.83%. In
pabrik milik Perusahaan di tahun 2023 adalah sebesar 55,7%,                           general, this shows that the Baturaja Semen plants were
lebih tinggi dibanding pada tahun 2022 yang sebesar 51,83%.                           still able to increase cement production and maintain stable
Secara umum, hal ini menunjukkan bahwa pabrik Semen                                   equipment performance.
Baturaja tetap mampu meningkatkan produksi semen serta
menjaga performa peralatan tetap stabil.


Faktor Terak dan Utilisasi atas Operasional Pabrik 2022-                              Clinker Factors and Utilization of Plant Operations in 2022-
2023                                                                                  2023
Dalam persen.                                                                         In percent
                  Uraian / Description                                     2023                              2022                         Perubahan / Changes
Faktor Terak / Clinker Factor                                                  68,6                          69,40                                      -0,8
Utilisasi / Utilization                                                        55,7                          51,83                                      3,87


Dari sisi volume penjualan, Perusahaan mencatatkan total                              In terms of sales volume, the Company recorded total
penjualan produk semen sebanyak 2.160.725 ton, mengalami                              sales of cement products of 2,160,725 tons, an increase of
peningkatan sebesar 7,56% dibanding pada tahun 2022 yang                              7.56% compared to 2022 which reached 2,008,860 tons.
mencapai 2.008.860 ton. Peningkatan penjualan ini seiring                             This increase in sales is in line with an increase in national
dengan peningkatan demand nasional sebesar 3,6% dan                                   demand of 3.6% and demand in South Sumatra, which is
demand di Sumbagsel yang merupakan wilayah Pemasaran                                  the Company's marketing area, of 1.8%. Furthermore, 2023
Perusahaan sebesar 1,8%. Selain itu, tahun 2023 merupakan                             was the first year that the integration of SMBR and SIG took




266         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 269
                        Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik               Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis           Good Corporate Governance                      Corporate Social and Environmental Responsibility




                                                                          Tinjauan Operasi Per Segmen Usaha
                                                                Overview of Operations Per Business Segment



tahun pertama berjalannya integrasi SMBR dan SIG sehingga                                place marking an intercompany sales which also increase the
terdapat     penjualan     secara         intercompany            yang     turut         Company's sales volume compared to last year. Meanwhile, in
meningkatkan volume penjualan perusahaan dibandingkan                                    2023, the Company did not sell clinker and mortar as there is
tahun lalu. Sementara itu, pada tahun 2023, Perusahaan tidak                             no demand from customers. Meanwhile, sales of white clay
melakukan penjualan terak dan mortar dikarenakan tidak                                   products in 2023 were recorded at 51,383 tonnes, a decrease
ada permintaan dari pelanggan. Sementara itu, penjualan                                  of 8.63%, compared to 2022 which reached 56,235 tons.
produk white clay pada tahun 2023 tercatat mencapai 51.383
ton, menurun sebesar 8,63%, dibanding tahun 2022 yang
mencapai 56.235 ton.


Volume Penjualan Produk 2022-2023                                                        Product Sales Volume in 2022-2023
Dalam ton.                                                                               In ton
                                                                                                                                                      Kenaikan/Penurunan /
                                                                                                                                                       Increase/Decrease
                               Produk / Product                                                         2023                 2022
                                                                                                                                                    Selisih /           Persentase /
                                                                                                                                                   Difference            Percentage
Semen / Cement                                                                                          2.160.725            2.008.860                      151.865              7,56
Terak / Clinker                                                                                                 -                           -
Baturaja Mortar                                                                                                 -                          7                       -7           -100
White Clay                                                                                                 51.383                  56.235                   -4.852              -8,63



PENDAPATAN DAN PROFITABILITAS SEGMEN USAHA                                               BUSINESS SEGMENT REVENUE AND PROFITABILITY
Perusahaan mencatatkan total pendapatan segmen usaha                                     The Company recorded total business segment revenue of
sebesar Rp2.040,68 miliar pada tahun 2023, meningkat                                     Rp2,040.68 billion in 2023, an increase of 8.44%, compared
sebesar 8,44%, dibanding pada tahun 2022 yang sebesar                                    to 2022 at Rp1,881.77 billion. This increase was caused by an
Rp1.881,77    miliar.    Peningkatan             ini         disebabkan      oleh        increase in cement sales volume as a result of implementing
peningkatan volume penjualan semen akibat dari penerapan                                 sales through mega distributors (PT Semen Indonesia) and
penjualan melalui mega distributor (PT Semen Indonesia)                                  intercompany sales to PT Semen Padang and PT Solusi
dan penjualan intercompany kepada PT Semen Padang dan                                    Bangun Indonesia. Meanwhile, the profitability of the business
PT Solusi Bangun Indonesia. Sementara itu, profitabilitas                                segment based on net profit recorded in 2023 was Rp121.57
segmen usaha berdasarkan laba bersih yang dibukukan                                      billion, an increase of 57.24% compared to 2022 at Rp77.32
pada tahun 2023 adalah sebesar Rp121,57 miliar, meningkat                                billion. This was mainly due to the increase in income from
sebesar 57,24% dibanding pada tahun 2022 yang sebesar                                    cement sales as a result of sales through mega distributors
Rp77,32 miliar. Hal ini terutama dikarenakan Peningkatan                                 (PT Semen Indonesia) and intercompany sales to PT Semen
pendapatan atas penjualan semen akibat dari penerapan                                    Padang and PT Solusi Bangun Indonesia, this was also caused
penjualan melalui mega distributor (PT Semen Indonesia)                                  by an increase in other income as a result of the recovery
dan penjualan intercompany kepada PT Semen Padang dan                                    of reserves for impairment of receivables and decreased
PT Solusi Bangun Indonesia, hal ini juga disebabkan oleh                                 financial burden caused by a decrease in syndicated loan
peningkatan pendapatan lainnya akibat dari pemulihan                                     interest expenses.
cadangan penurunan nilai piutang dan penurunan beban
keuangan yang disebabkan oleh penurunan beban bunga
kredit sindikasi.




                                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan          Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile            Overview on Business Supports




Tinjauan Operasi Per Segmen Usaha
Overview of Operations Per Business Segment



Pendapatan dan Profitabilitas Segmen Usaha 2022-2023                          Business Segment Revenue and Profitability in 2022-2023
Dalam jutaan rupiah.                                                          In millions of rupiah
                                                                                                                                   Kenaikan/Penurunan /
                                                                                                                                    Increase/Decrease
                              Produk / Product                                         2023                 2022
                                                                                                                                 Selisih /            Persentase /
                                                                                                                                Difference             Percentage
Penjualan Produk Semen / Sales of Cement Products                                      2.007.389             1.848.072                  159.317              8,62%
Penjualan Terak / Clinker Sales                                                                      0                  0                        0               0
Penjualan Baturaja Mortar / Sales of Baturaja Mortar                                                 0                 14                      -14        -100,00%
Penjualan White Clay / Sales of White Clay                                                  32.914               31.818                      1.096          3,44%
Pendapatan Jasa Pengangkutan / Transportation Services Revenue                                   187               1.861                     -1.674        -89,95%
Lain-lain / Others                                                                               190                    3                      187       6233,33%
Jumlah / Total                                                                         2.040.679             1.881.767                  158.912             8,44%



RENCANA STRATEGIS PENGEMBANGAN                                                STRATEGIC PLAN OF BUSINESS SEGMENT
SEGMEN USAHA DI TAHUN 2024                                                    DEVELOPMENT FOR 2024
Dalam rangka melakukan pengembangan segmen usaha,                             In order to develop its business segments, the Company has
Perusahaan telah merumuskan inisiatif strategi untuk                          formulated strategic initiatives to support the Company's
menunjang kinerja Perusahaan di tahun 2024, yaitu:                            performance for 2024, namely:
1. Cost Leadership melalui Penerapan Operational                              1. Cost Leadership through Implementation of Operational
   Excellence                                                                    Excellence
   •   Meningkatkan performa peralatan dengan melakukan                          ∙     Improving equipment performance by revitalizing
       revitalisasi Pabrik Baturaja I dan melakukan recovery                           the Baturaja I Plant and restoring Baturaja II Plant
       peralatan Pabrik Baturaja II                                                    equipment
   •   Optimalisasi supply chain dan mengurangi losses                           ∙     Optimizing the supply chain and reducing losses
       melalui pptimalisasi proses distribusi, menjaga                                 through           optimizing         the      distribution         process,
       stok bahan baku & bahan bakar ke tingkat paling                                 maintaining raw material & fuel stocks to the most
       optimal, menjaga indeks inventory spare part sesuai                             optimal level, maintaining the spare part inventory
       target serta melakukan monitoring material handling                             index according to target and monitoring material
       sepanjang rantai pasok                                                          handling throughout the supply chain
   •   Green operation dengan upaya penurunan faktor                             ∙     Green operations with efforts to reduce the clinker
       klinker, melakukan optimalisasi pemanfaatan AFR dan                             factor, optimize the use of AFR and increase the use
       peningkatan pemanfaatan renewable energy                                        of renewable energy


2. Peningkatan Pendapatan Lainnya                                             2. Increase in Other Income
   •   Peningkatan produksi white clay dengan reaktivasi                         •     Increased white clay production by reactivation of
       fasilitas produksi di Pabrik Baturaja I                                         production facilities at the Baturaja I Plant
   •   Penjualan limestone                                                       •     Limestone sales
   •   Ekspansi pasar untuk meningkatkan penjualan                               •     Market expansion to increase sales
   •   Mengutilisasi aset non-produktif                                          •     Utilizing non-productive assets




268        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                       Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik               Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis      Good Corporate Governance                      Corporate Social and Environmental Responsibility




                                                                      Tinjauan Operasi Per Segmen Usaha
                                                            Overview of Operations Per Business Segment



3. Industri 4.0                                                                    3. Industry 4.0
   •    Pemenuhan gap INDI 4.0                                                           •        Filling the INDI 4.0 gap
   •    Optimalisasi project automation                                                  •        Optimizing project automation
   •    Optimalisasi penggunaan SAP                                                      •        Optimizing the use of SAP


4. Pengembangan karyawan dan community management                                  4. Employee development and community management
   •    Peningkatan kompetensi karyawan                                                  •        Increasing employee competency
   •    Peningkatan effective innovation                                                 •        Increasing effective innovation
   •    Pembinaan komunitas berkelanjutan                                                •        Sustainable community development


5. Penguatan GCG dan kerja sama strategis dengan anak                              5. Strengthening GCG and strategic cooperation with
   usaha dan afiliasi                                                                    subsidiaries and affiliates
   •    Perbaikan terus-menerus dalam penerapan GCG                                      •        Continuous improvement in GCG implementation
   •    Peningkatan kerja sama dengan anak usaha dan                                     •        Increased cooperation with subsidiaries and affiliates
        afiliasi


6. Penguatan finansial melalui penanganan bad debt                                 6. Financial strengthening through handling bad debt


TINJAUAN OPERASI BERDASARKAN SEGMEN                                                OVERVIEW OF OPERATIONS BY GEOGRAPHIC
GEOGRAFIS                                                                          SEGMENT
Kinerja aset dan pendapatan yang dibukukan Perusahaan                              The asset and revenue performance recorded by the Company
di tahun 2023 berdasarkan segmen geografis serta                                   in 2023 based on geographic segments and the comparison
perbandingannya dengan tahun sebelumnya adalah sebagai                             with the previous year are as follows:
berikut:


Kinerja Aset dan Pendapatan Berdasarkan Segmen                                     Asset and Revenue Performance by Geographic Segment in
Geografis 2022-2023                                                                2022-2023
Dalam jutaan rupiah.                                                               In millions of rupiah.
                                                                                                                                                Kenaikan/Penurunan /
                                                                                                                                                 Increase/Decrease
                            Uraian / Description                                                  2023                 2022
                                                                                                                                              Selisih /           Persentase /
                                                                                                                                             Difference            Percentage
                                                                       Aset / Asset
Sumatra Selatan / South Sumatra                                                                   4.643.081              5.033.971                -390.890              -7,77%
Lampung                                                                                             136.373                130.259                       6.114           4,69%
Jambi                                                                                                75.309                  75.309                           0         0,00%
Jakarta                                                                                               1.967                    3.186                    -1.218         -38,25%
Jumlah Aset / Total Assets                                                                        4.856.731            5.242.725                  -385.994              -7,36%
                                                               Pendapatan / Revenue
                                                              Pasar Basis / Basis Market
Sumatra Selatan / South Sumatra                                                                     321.208                986.548                 -665.340            -67,44%
Lampung                                                                                           1.302.706                655.520                   647.186            98,73%
Subjumlah / Subtotal                                                                              1.623.914             1.642.068                    -18.154             -1,11%




                                                                                                                   2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report      Company Profile       Overview on Business Supports




Tinjauan Operasi Per Segmen Usaha
Overview of Operations Per Business Segment



                                                                                                                                Kenaikan/Penurunan /
                                                                                                                                 Increase/Decrease
                            Uraian / Description                                         2023            2022
                                                                                                                              Selisih /           Persentase /
                                                                                                                             Difference            Percentage
                                                            Pasar Nonbasis / Nonbasis Market
Jambi                                                                                       270.597         127.702                 142.896            111,90%
Bengkulu                                                                                      103.119        63.049                  40.070             63,55%
Bangka Belitung                                                                                 9.759         15.253                  -5.494           -36,02%
Subjumlah / Subtotal                                                                        383.475        206.003                   177.472            86,15%
Jumlah Penjualan Semen / Total Sales of Cement                                           2.007.389       1.848.072                   159.318            8,62%
                                                      Penjualan White Clay / Total Sales of White Clay
Sumatra Selatan / South Sumatra                                                               32.914          31.818                      1.096         3,44%
Jumlah / Total                                                                                32.913          31.818                      1.096         3,44%
                                        Jasa Angkutan dan Lain-lain / Transportation Services and Others
Sumatra Selatan / South Sumatra                                                                    376          1.878                 -1.502           -79,95%
Jumlah / Total                                                                                    376          1.878                  -1.502           -79,95%
Jumlah Pendapatan / Total Revenue                                                        2.040.679        1.881.767                  158.912            8,44%




270        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                         Analisis dan Pembahasan Manajemen               Tata Kelola Perusahaan yang Baik               Tanggung Jawab Sosial dan Lingkungan
                         Management Discussion and Analysis              Good Corporate Governance                      Corporate Social and Environmental Responsibility




Tinjauan Keuangan
Financial Overview

STANDAR PENYAJIAN INFORMASI KEUANGAN                                                         STANDARDS FOR PRESENTING FINANCIAL
DAN KESESUAIAN TERHADAP STANDAR                                                              INFORMATION AND COMPLIANCE WITH
AKUNTANSI KEUANGAN                                                                           FINANCIAL ACCOUNTING STANDARDS
Dalam menyusun analisis dan pembahasan kinerja keuangan                                      The analysis and discussion of the financial performance
dalam Laporan Tahunan ini, mengacu pada Laporan Keuangan                                     in this Annual Report refer to the Consolidated Financial
Konsolidasian PT Semen Baturaja Tbk untuk tahun buku yang                                    Statements of PT Semen Baturaja Tbk for the financial years
berakhir pada 31 Desember 2022 dan 2023, dan telah diaudit                                   ending December 31, 2022 and 2023. These statements have
oleh Kantor Akuntan Publik Imelda & Rekan dengan opini                                       been audited by the Public Accounting Firm Imelda & Rekan,
“Wajar dalam Semua Hal yang Material”.                                                       and they have provided an “Unqualified” opinion.


Penyajian        dan    pengungkapan                 Laporan            Keuangan             The presentation and disclosure of the Consolidated Financial
Konsolidasian PT Semen Baturaja Tbk, disusun sesuai                                          Statements of PT Semen Baturaja Tbk are prepared in
dengan Standar Akuntansi Keuangan (SAK) di Indonesia, yang                                   accordance with Indonesian Financial Accounting Standards
mencakup Pernyataan Standar Akuntansi Keuangan (PSAK)                                        (SAK), which include Statements of Financial Accounting
dan Interpretasi Standar Akuntansi Keuangan (ISAK) yang                                      Standards (PSAK) and Interpretation of Financial Accounting
dikeluarkan oleh Dewan Standar Akuntansi Keuangan Ikatan                                     Standards (ISAK) issued by the Financial Accounting
Akuntan Indonesia (DSAK-IAI). Pembahasan kinerja keuangan                                    Standards Board of the Indonesian Institute of Certified
Perusahaan disampaikan dengan memperhatikan penjelasan                                       Public Accountants (IAPI). We have taken into account
pada catatan Laporan Keuangan Konsolidasian dari pihak                                       the explanation in the notes to the Consolidated Financial
auditor eksternal sebagai bagian yang tidak terpisahkan                                      Statements from the external auditor, which is an integral
dalam Laporan Tahunan ini.                                                                   part of this Annual Report, to convey the Company’s financial
                                                                                             performance.


LAPORAN POSISI KEUANGAN KONSOLIDASIAN                                                        CONSOLIDATED STATEMENT OF FINANCIAL
                                                                                             POSITION
Posisi Keuangan Konsolidasian 2022-2023                                                      Consolidated Financial Position in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                                In millions of rupiah, unless otherwise stated.
                                                                                                                                                           Perubahan / Changes
                              Uraian / Description                                                          2023                 2022*                                      Persentase /
                                                                                                                                                        Nominal
                                                                                                                                                                             Percentage
                                                                                Aset / Assets
   Aset Lancar / Current Assets                                                                               816.846                990.295                 -173.449             -17,51%
   Aset Tidak Lancar / Non-Current Assets                                                                   4.039.885            4.252.430                   -212.545             -5,00%
 Jumlah Aset / Total Assets                                                                                 4.856.731            5.242.725                  -385.994              -7,36%
                                                              Liabilitas dan Ekuitas / Liabilities and Equity
   Liabilitas Jangka Pendek / Current Liabilities                                                             731.493                588.139                   143.354            24,37%
   Liabilitas Jangka Panjang / Non-Current Liabilities                                                       962.825              1.579.448                   -616.623           -39,04%
 Jumlah Liabilitas / Total Liabilities                                                                      1.694.318              2.167.587                 -473.269            -21,83%
 Jumlah Ekuitas / Total Equity                                                                              3.162.412              3.075.138                    87.274             2,84%
 Jumlah Liabilitas dan Ekuitas / Total Liabilities and Equity                                               4.856.731            5.242.725                  -385.994              -7,36%

*) Disajikan kembali.                                                                        *) Restated.




                                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                                   271
Page 274
                                Ikhtisar Kinerja                  Laporan Manajemen        Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                                Performance Highlights            Management Report        Company Profile          Overview on Business Supports




Tinjauan Keuangan
Financial Overview



Berdasarkan tabel di atas, posisi keuangan konsolidasian                               Based on the table above, the Company's consolidated
Perusahaan pada 2023 jika dibandingkan tahun sebelumnya,                               financial position in 2023 compared to the previous year, in
dari sisi jumlah aset tercatat turun 7,36%, sementara jumlah                           terms of total recorded assets, decreased by 7.36%, while
liabilitas mengalami penurunan 21,83%, dan jumlah ekuitas                              total liabilities decreased by 21.83%, and total recorded
tercatat meningkat 2,84%.                                                              equity increased by 2.84 %.


Berikut uraian terkait laporan posisi keuangan konsolidasian                           The following is a description of the Company's consolidated
Perusahaan di tahun 2023 dibanding tahun 2022, beserta                                 financial position report in 2023 compared to 2022, along
penjelasan tentang penyebab adanya perubahan dan dampak                                with an explanation of the causes of changes and the impact
perubahan tersebut.                                                                    of these changes.


ASET                                                                                   ASSETS
Aset 2022-2023                                                                         Assets in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                          In millions of rupiah, unless otherwise stated.

                                                              2023                                       2022*                              Perubahan / Changes
       Uraian / Description
                                                                     Komposisi /                                 Komposisi /                              Persentase /
                                                Nominal                                     Nominal                                      Nominal
                                                                     Composition                                 Composition                               Percentage
 Aset Lancar / Current Assets                              816.846            16,82%                990.295            18,89%                 -173.449            -17,51%
 Aset Tidak Lancar / Non-
                                                     4.039.884                83,18%             4.252.430               81,11%               -212.545            -5,00%
 Current Assets
 Jumlah Aset / Total Assets                              4.856.731          100,00%              5.242.725           100,00%                 -385.994             -7,36%

*) Disajikan kembali.                                                                  *) Restated.




                                                              Komposisi Aset Perusahaan 2022-2023
                                                               Composition of Company Assets in 2022-2023




           18,89%                                                                             16,82%




                                    2022                                                                             2023

                                                                     81,11%                                                                              83,18%




                                                    Aset Tidak Lancar/                        Aset Lancar/
                                                    Non-Current Assets                        Current Assets




272           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 275
                         Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik                  Tanggung Jawab Sosial dan Lingkungan
                         Management Discussion and Analysis   Good Corporate Governance                         Corporate Social and Environmental Responsibility




                                                                                                                                      Tinjauan Keuangan
                                                                                                                                      Financial Overview



Pada 2023, total aset Perseroan adalah sejumlah Rp4.856,73                        In 2023, the Company's total assets was at Rp4,856.73 billion,
miliar, mengalami penurunan Rp385,99 miliar atau 7,36%, jika                      a decrease of Rp385.99 billion or 7.36% compared to 2022 at
dibandingkan pada 2022 yang sejumlah Rp5.242.72 miliar.                           Rp5,242.72 billion. The composition of the Company's current
Adapun komposisi aset lancar Perusahaan pada 2023 adalah                          assets in 2023 was at 16.82%, a decrease compared to the
sebesar 16,82%, menurun dibanding tahun sebelumnya                                previous year with a composition of 18.89%. Meanwhile,
dengan komposisi sebesar 18,89%. Sementara komposisi                              the composition of the Company's non-current assets was
aset tidak lancar Perusahaan tercatat sebesar 83,18% pada                         recorded at 83.18% in 2023, an increase compared to the
2023, meningkat dibanding tahun sebelumnya, dengan                                previous year, with a composition of 81.11%.
komposisi sebesar 81,11%.


Kinerja aset Perseroan pada 2023 dibanding 2022, yang                             The Company's asset performance in 2023 compared to 2022,
dipengaruhi oleh aset lancar dan aset tidak lancar, adalah                        which is influenced by current assets and non-current assets,
sebagai berikut.                                                                  is as follows.


ASET LANCAR                                                                       CURRENT ASSETS
Aset Lancar 2022-2023                                                             Current Assets in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                     In millions of rupiah, unless otherwise stated.
                                                                                                                                                    Perubahan / Changes
                              Uraian / Description                                               2023                    2022*                                      Persentase /
                                                                                                                                                 Nominal
                                                                                                                                                                     Percentage
 Kas dan Setara Kas / Cash and Cash Equivalents                                                     98.387                    522.918                 -424.531            -81,19%
 Piutang Usaha / Trade Receivables
   Pihak Berelasi / Related Parties                                                               336.458                         8.418                 328.041          3897,11%
   Pihak Ketiga / Third Parties                                                                     122.511                   196.120                   -73.609          -37,53%
 Subjumlah / Subtotal                                                                             458.969                    204.537                  254.432            124,39%
 Piutang Lain-lain / Other Receivables
   Pihak Berelasi / Related Parties                                                                     3.133                    2.842                        291         10,25%
   Pihak Ketiga / Third Parties                                                                            4                        349                     -345         -98,99%
 Subjumlah / Subtotal                                                                                   3.137                    3.190                       -54          -1,68%
 Persediaan / Inventories                                                                         245.900                    226.320                     19.580            8,65%
 Pajak Dibayar di Muka / Prepaid Taxes                                                               3.883                       2.954                       930          31,48%
 Biaya Dibayar di Muka / Prepaid Expenses                                                               3.189                  23.293                   -20.104           -86,31%
 Uang Muka / Advances                                                                                2.274                       6.706                   -4.432          -66,09%
 Aset Keuangan Lancar Lainnya / Lainnya                                                                 1.107                       377                      730         193,83%
 Jumlah Aset Lancar / Total Current Assets                                                         816.846                   990.295                  -173.449            -17,51%

*) Disajikan kembali.                                                             *) Restated.



Jumlah aset lancar Perusahaan adalah sejumlah Rp816,85                            The Company's total current assets amounted to Rp816.85
miliar pada posisi 31 Desember 2023, mengalami penurunan                          billion as of December 31 2023, a decrease of Rp173.45 billion
Rp173,45 miliar atau 17,51% jika dibandingkan dengan pada                         or 17.51% compared to 2022 at Rp990.30 billion. This decrease
2022 yang sebesar Rp990,30 miliar. Penurunan ini terutama                         was mainly caused by:
disebabkan oleh:
1. Kas dan setara kas turun sebesar 81.19% dari Rp522,92                          1. Cash and cash equivalents decreased by 81.19 % from
    miliar pada tahun 2022 menjadi Rp98,39 miliar pada tahun                            Rp522.92 billion in 2022 to Rp98.39 billion in 2023.
    2023.




                                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                           273
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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Tinjauan Keuangan
Financial Overview



2. Piutang usaha ke pihak ketiga mengalami penurunan                         2. Trade receivables to third parties decreased by 37.53 %
   sebesar 37,53% dari Rp196,12 miliar pada tahun 2022                          from Rp196.12 billion in 2022 to Rp122.51 billion by 2023.
   menjadi Rp122,51 miliar pada tahun 2023.
3. Piutang lain-lain ke pihak berelasi mengalami kenaikan                    3. Other Receivables from related parties rose 10.25 % to
   sebesar 10,25% dari Rp2,84 miliar pada tahun 2022                            Rp3.13 billion in 2023 compared to 2022 at Rp2.84 billion.
   menjadi Rp3,13 miliar pada tahun 2023.
4. Biaya dibayar dimuka mengalami penurunan sebesar                          4. Prepaid Expenses decreased 86.31 % from Rp23.29
   86,31% dari Rp23,29 miliar pada tahun 2022 menjadi                           billion in 2022 to Rp3.19 billion in 2023 compared to 2022
   Rp3,19 miliar pada tahun 2023.                                               Rp23.29 billion.


Kas dan Setara Kas                                                           Cash and Cash Equivalents
Kas dan setara kas Perusahaan pada 2023, tercatat sebesar                    The Company's cash and cash equivalents in 2023 were
Rp98,39 miliar, mengalami penurunan sebesar Rp424,53                         recorded at Rp98.39 billion, a decrease of Rp424.53 billion or
miliar atau 81,19%, jika dibandingkan dengan tahun 2022,                     81.19%, compared to 2022, at Rp522.92 billion. This decrease
yang sebesar Rp522,92 miliar. Penurunan ini disebabkan oleh                  was caused by accelerated payments of syndicated credit
pembayaran percepatan pokok kredit sindikasi dalam rangka                    principal for refinancing SLL Syndicated Credit amounting to
refinancing Kredit Sindikasi SLL sebesar Rp442 miliar.                       Rp442 billion.


Piutang Usaha                                                                Trade Receivables
Pada 2023, jumlah piutang usaha Perusahaan yang terdiri dari                 In 2023, the Company's total trade receivables, which
piutang usaha pihak berelasi dan piutang usaha pihak ketiga,                 consist of trade receivables from related parties and trade
tercatat sebesar Rp458,97 miliar, mengalami peningkatan                      receivables from third parties, was recorded at Rp458.97
Rp254,43 miliar atau 124,39%, jika dibandingkan dengan                       billion, an increase of Rp254.43 billion or 124.39 %, compared
tahun sebelumnya sebesar Rp204,54 miliar. Peningkatan                        to the previous year of Rp204.54 billion. This increase was
ini terutama disebabkan oleh peningkatan piutang kepada                      mainly due to an increase in receivables from related parties
pihak berelasi sebesar Rp328 miliar yang terdiri dari piutang                amounting to Rp328 billion consisting of receivables from PT
PT Semen Indonesia, PT Semen Padang dan PT Solusi Bangun                     Semen Indonesia, PT Semen Padang and PT Solusi Bangun
Indonesia sehubungan dengan telah bergabungnya PT Semen                      Indonesia in connection with the merger of PT Semen
Baturaja kedalam Semen Indonesia Grup.                                       Baturaja into the Semen Indonesia Group


Piutang Lain-lain                                                            Other Receivables
Jumlah piutang lain-lain Perusahaan, yang terdiri dari piutang               The Company's total other receivables, which consist of other
lain-lain pihak berelasi dan piutang lain-lain pihak ketiga,                 receivables from related parties and other receivables from
tercatat sebesar Rp3,14 miliar pada 31 Desember 2023,                        third parties, was recorded at Rp3.14 billion as of December
mengalami penurunan Rp53,66 juta atau 1,68%, dibanding                       31, 2023, a decrease of Rp53.66 million or 1.68%, compared to
tahun sebelumnya yang sejumlah Rp3,19 miliar. Hal tersebut                   the previous year at Rp3.19 billion. This was due to a decrease
disebabkan oleh penurunan piutang lain-lain kepada pihak                     in other receivables from third parties amounting to Rp345
ketiga sebesar Rp345 juta yang disebabkan oleh berkurangnya                  million which was caused by a decrease in income from B3
pendapatan jasa pengelolaan limbah B3 dari pihak ketiga.                     waste management services from third parties.


Persediaan                                                                   Inventories
Nilai persediaan Perusahaan tercatat mengalami peningkatan                   The Company's inventory value recorded an increase of
Rp19,58 miliar atau 8,65%, dari Rp226,32 miliar pada 2022,                   Rp19.58 billion or 8.65 %, from Rp226.32 billion in 2022, to
menjadi Rp245,90 miliar pada 2023. Peningkatan tersebut                      Rp245.90 billion in 2023. This increase was due to an increase
disebabkan oleh peningkatan persediaan terak dalam rangka                    in clinker supplies for cement production activities in 2024.
kegiatan produksi semen di tahun 2024.



274       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 277
                      Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis      Good Corporate Governance                   Corporate Social and Environmental Responsibility




                                                                                                                                Tinjauan Keuangan
                                                                                                                                Financial Overview



Pajak Dibayar Dimuka                                                              Prepaid Taxes
Pada   31   Desember        2023,        Perusahaan        mencatatkan            As of December 31 2023, the Company recorded prepaid
pajak dibayar di muka sebesar Rp3,88 miliar, mengalami                            taxes of Rp3.88 billion, an increase of Rp930 million or 31.48 %
peningkatan sebesar Rp930 juta atau 31,48% dibandingkan                           compared to the previous year at Rp2.95 billion. This increase
dengan tahun sebelumnya yang sebesar Rp2,95 miliar.                               was due to an increase in prepaid taxes on corporate income
Peningkatan ini disebabkan oleh kenaikan pajak dibayar                            tax article 28a of the Company.
dimuka atas pajak penghasilan badan pasal 28a perusahaan.


Biaya Dibayar Dimuka                                                              Prepaid Expenses
Perusahaan mencatatkan biaya dibayar di muka sebesar                              The Company recorded prepaid expenses of Rp3.19 billion
Rp3,19 miliar pada 31 Desember 2023, mengalami penurunan                          on December 31 2023, a decrease of Rp20.10 billion or 86.31
Rp20,10 miliar atau 86,31% dibandingkan dengan tahun                              % compared to the previous year at Rp23.29 billion. This
sebelumnya yang sebesar Rp23,29 miliar. Penurunan ini                             increase was mainly due to amortization of prepaid fixed
terutama disebabkan oleh amortisasi atas biaya dibayar                            asset insurance costs in 2023 which were paid in December
dimuka asuransi aset tetap ditahun 2023 yang dibayarkan                           2022.
pada Desember 2022.


Uang Muka                                                                         Advances
Pada 2023, Perusahaan mencatatkan uang muka sebesar                               In 2023, the Company recorded advances of Rp2.27 billion,
Rp2,27 miliar, mengalami penurunan Rp4,43 miliar atau                             a decrease of Rp4.43 billion or 66.09 %, compared to the
66,09%, jika dibandingkan dengan tahun sebelumnya sebesar                         previous year of Rp6.71 billion. This decrease was caused by
Rp6,71 miliar. Penurunan ini disebabkan oleh penurunan                            a decrease in employee advances and purchase advances
uang muka karyawan dan uang muka pembelian yang banyak                            which were mostly realized
terealisasi di tahun 2023 dan manajemen pengambilan uang
muka di tahun 2023.


Aset Keuangan Lancar Lainnya                                                      Other Current Financial Assets
Perusahaan mencatatkan aset keuangan lancar lainnya                               The company recorded other current financial assets of
sebesar Rp1,11 juta pada 31 Desember 2023, mengalami                              Rp1.11 million on December 31 2023, an increase of Rp730.36
peningkatan Rp730,36 juta atau 193,83%, jika dibandingkan                         million or 193.83%, compared to the previous year at Rp376.80
dengan tahun sebelumnya yang sebesar Rp376,80 juta.                               million. This increase was due to claims receivables for
Peningkatan ini disebabkan oleh terdapat piutang klaim atas                       building fire insurance that still had to be received from the
asuransi kebakaran bangunan yang masih harus diterima dari                        insurance company.
pihak asuransi.


ASET TIDAK LANCAR                                                                 NON-CURRENT ASSETS
Aset Tidak Lancar 2022-2023                                                       Non-Current Assets in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                     In million of rupiah, unless otherwise stated.
                                                                                                                                             Perubahan / Changes
                          Uraian / Description                                               2023                  2022                                           Persentase /
                                                                                                                                          Nominal
                                                                                                                                                                   Percentage
Penyertaan Saham / Investment in Share                                                              25                         25                             -              -
Aset Pajak Tangguhan / Deferred Tax Assets                                                       11.474                  12.626                     -1.153              -9,13%
Aset Tetap / Property, Plant and Equipment                                                   3.955.399               4.081.841               -126.4437                  -3,10%
Aset Tak Berwujud / Intangible Assets                                                            12.194                  20.186                    -7.993              -39,60%
Aset Tidak Lancar Lainnya / Other Non-Current Assets                                             60.793                  137.751                 -76.958               -55,87%
Jumlah Aset Tidak Lancar / Total Non-Current Assets                                          4.039.885             4.252.430                   -212.545                 -5,00%


                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                         275
Page 278
                             Ikhtisar Kinerja                Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report      Company Profile     Overview on Business Supports




Tinjauan Keuangan
Financial Overview



Jumlah aset tidak lancar Perusahaan pada 31 Desember 2023                        The Company's total non-current assets as of December
adalah sebesar Rp4.039,88 miliar, mengalami penurunan                            31 2023 were Rp4,039.88 billion, experiencing a decrease
Rp212,54 miliar atau 5%, jika dibandingkan dengan pada                           of Rp212.54 billion or 5 %, compared to 2022 which was
2022 yang sebesar Rp4.252,43 miliar. Penurunan tersebut                          Rp4,252.43 billion. This decrease was mainly caused by a
terutama disebabkan oleh penurunan aset tetap berwujud,                          decrease in tangible fixed assets, intangible assets and by
aset tak berwujud dan oleh pencairan deposito jaminan atas                       the disbursement of collateral deposits for bank loans from
pinjaman bank entitas anak perusahaan.                                           subsidiaries of the Company.


Penyertaan Saham                                                                 Investment in Share
Nilai penyertaan saham yang dicatatkan Perusahaan pada                           The value of the investment in share listed by the Company
2023, tidak mengalami perubahan jika dibandingkan dengan                         in 2023 has not changed compared to 2022, namely Rp25
pada 2022, yakni sebesar Rp25 juta.                                              million.


Aset Pajak Tangguhan                                                             Deferred Tax Assets
Perusahaan mencatatkan aset pajak tangguhan sebesar                              The company recorded deferred tax assets of Rp11.47 billion
Rp11,47 miliar pada 2023, mengalami penurunan Rp1,15                             in 2023, a decrease of Rp1.15 billion or 9.13% compared to the
miliar atau 9,13% dibandingkan dengan tahun sebelumnya                           previous year at Rp12.63 billion. This decrease was caused by
yang sebesar Rp12,63 miliar. Penurunan ini disebabkan oleh                       routine charges for depreciation of the Company's property,
penurunan aset pajak tangguhan atas kompensasi rugi fiskal                       plant and equipment of Rp1.1 billion.
entitas anak perusahaan sebesar Rp1,1 miliar.


Aset Tetap                                                                       Property, Plant and Equipment
Aset tetap Perusahaan pada 31 Desember 2023 adalah                               The Company's property, plant and equipment as of
sejumlah     Rp3.955,40        miliar,        mengalami          penurunan       December 31, 2023 are Rp3,955.40 billion, a decrease of
Rp126.44 miliar atau 3,10% dibandingkan dengan pada 2022                         Rp126.44 billion or 3.10 % compared to 2022 at Rp4,081.84
yang sebesar Rp4.081,84 miliar. Penurunan ini terutama                           billion. This decrease was mainly caused by routine charges
disebabkan oleh pembebanan rutin atas depresiasi aset                            for depreciation of the Company's property, plant and
tetap perusahaan.                                                                equipment.


Aset Tak Berwujud                                                                Intangible Assets
Perusahaan mencatatkan aset tak berwujud sebesar                                 The company recorded intangible assets of Rp12.19 billion in
Rp12,19 miliar pada 2023, mengalami penurunan Rp7,99                             2023, a decrease of Rp7.99 billion or 39.60 % compared to the
miliar atau 39,60% dibandingkan dengan tahun sebelumnya                          previous year at Rp20.19 billion. This decrease was caused by
yang sejumlah Rp20,19 miliar. Penurunan ini disebabkan                           routine charges for amortization of the Company's intangible
oleh pembebanan rutin atas amortisasi aset tak berwujud                          assets, especially amortization of software intangible assets
perusahaan,     khususnya        amortisasi           aset    takberwujud        which will be fully charged in 2023.
software yang habis dibebankan di tahun 2023.




276        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 279
                      Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan yang Baik               Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis             Good Corporate Governance                      Corporate Social and Environmental Responsibility




                                                                                                                                          Tinjauan Keuangan
                                                                                                                                          Financial Overview



Aset Tidak Lancar Lainnya                                                                Other Non-Current Assets
Aset tidak lancar lainnya yang dicatatkan Perusahaan pada                                Other non-current assets recorded by the Company in 2023
2023 adalah sebesar Rp60,79 miliar, mengalami penurunan                                  amounted to Rp60.79 billion, a decrease of Rp76.96 billion or
Rp76,96 miliar atau 55,87% dibandingkan dengan pada 2022                                 55.87 % compared to 2022 at Rp137.75 billion. This decrease
yang sebesar Rp137,75 miliar. Penurunan ini disebabkan                                   was caused by the disbursement of collateral deposits for
oleh pencairan deposito jaminan atas pinjaman bank entitas                               the Company's subsidiary bank loans amounting to Rp18.6
anak perusahaan sebesar Rp18,6 miliar pada bank Mega                                     billion at Mega Syariah bank and the disbursement of demand
Syariah dan pencairan giro dibatasi penggunaannya atas                                   deposits restricted to the use of the retained balance for
saldo ditahan pembayaran pokok dan bunga pinjaman kredit                                 principal and interest payments on the Company's syndicated
sindikasi perusahaan sebesar Rp53,3 miliar.                                              loans amounting to Rp53.3 billion.


LIABILITAS                                                                               LIABILITIES
Liabilitas 2022-2023                                                                     Liabilities in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                            In jutaan of rupiah, unless otherwise stated.

                                                            2023                                             2022                                      Perubahan / Changes
     Uraian / Description
                                                                   Komposisi /                                          Komposisi /                                      Persentase /
                                            Nominal                                             Nominal                                             Nominal
                                                                   Composition                                          Composition                                       Percentage
Liabilitas Jangka Pendek /
                                                     731.493               43,17%                        588.139                  27,13%                   143.354               24,37%
Current Liabilities
Liabilitas Jangka Panjang /
                                                    962.825               56,83%                        1.579.448                 72,87%                  -616.623            -39,04%
Non-Current Liabilities
Jumlah Liabilitas / Total
                                                  1.694.318             100,00%                         2.167.587               100,00%                  -473.269                -21,83%
Liabilities




                                                           Komposisi Liabilitas Perusahaan 2022-2023
                                                       Composition of Company Liabilities in 2022-2023




                                                                   27,13%                                                                                               43,17%




                                2022                                                                                           2023

         72,87%                                                                                    56,83%




                                      Liabilitas Jangka Pendek/                               Liabilitas Jangka Panjang /
                                      Current Liabilities                                     Non-Current Liabilities




                                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                Ikhtisar Kinerja             Laporan Manajemen       Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                                Performance Highlights       Management Report       Company Profile      Overview on Business Supports




Tinjauan Keuangan
Financial Overview



Pada 31 Desember 2023, total liabilitas Perusahaan adalah                        As of December 31, 2023, the Company's total liabilities
sebesar Rp1.694,32 miliar, mengalami penurunan Rp473,27                          amounted to Rp1,694.32 billion, a decrease of Rp473.27
miliar atau 21,83% dibandingkan dengan tahun 2022 yang                           billion or 21.83% compared to 2022 at Rp2,167.59 billion. This
sebesar Rp2.167,59 miliar. Penurunan ini disebabkan oleh                         decrease was caused by a decrease in the Syndicated Credit
penurunan pinjaman bank jangka Panjang perusahaan Kredit                         Company's long-term bank loans which had an impact on the
Sindikasi yang memberi dampak bagi Perusahaan berupa                             Company in the form of a decrease in the Company's financial
penurunan beban keuangan perusahaan.                                             burden.


Persentase liabilitas jangka pendek Perusahaan pada                              The percentage of the Company's current liabilities as of
31 Desember 2023 adalah sebesar 43,17%, mengalami                                December 31 2023 was 43,17%, an increase compared to
peningkatan dibanding tahun sebelumnya dengan persentase                         the previous year with a percentage of 27.13%. Meanwhile,
sebesar 27,13%. Sementara itu, persentase liabilitas jangka                      the percentage of the Company's non-current liabilities
panjang Perusahaan tercatat sebesar 56,83% pada 2023,                            was recorded at 56.83% in 2023, a change compared to the
mengalami perubahan dibanding tahun sebelumnya dengan                            previous year with a percentage of 72.87%.
persentase sebesar 72,87%.


Kinerja liabilitas Perusahaan tahun 2023 dibanding tahun                         The Company's liability performance in 2023 compared to
2022, yang dikontribusikan oleh kinerja liabilitas jangka                        2022, which is contributed by the performance of current
pendek dan liabilitas jangka panjang, adalah sebagai berikut.                    liabilities and non-current liabilities, is as follows.


LIABILITAS JANGKA PENDEK                                                         CURRENT LIABILITIES
Liabilitas Jangka Pendek 2022-2023                                               Current Liabilities in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                    In millions of rupiah, unless otherwise .
                                                                                                                                  Perubahan / Changes
                               Uraian / Description                                        2023           2022*                                    Persentase /
                                                                                                                               Nominal
                                                                                                                                                    Percentage
 Utang Usaha / Trade Payables
  Pihak Berelasi / Related Parties                                                             122.085       121.256                        829           0,68%
   Pihak Ketiga / Third Parties                                                                295.274       189.970                 105.304            55,43%
 Subjumlah / Subtotal                                                                          417.359       311.227                  106.132            34,10%
 Utang Lain-lain / Other Payables
   Pihak Berelasi / Related Parties                                                               2.856        21.373                  -18.517          -86,64%
   Pihak Ketiga / Third Parties                                                                  47.194       45.973                       1.221          2,66%
 Subjumlah / Subtotal                                                                          50.050         67.346                  -17.296          -25,68%
 Utang Pajak / Taxes Payable                                                                    26.463        25.492                         971          3,81%
 Beban Akrual / Accrued Expenses                                                                39.578        40.363                       -785          -1,94%
 Liabilitas Imbalan Kerja Jangka Pendek / Short Term Employee Benefits
                                                                                                13.724        41.200                  -27.476           -66,69%
 Liabilities
 Pinjaman Jangka Panjang yang Jatuh Tempo dalam Satu Tahun / Long Term Debt Maturity in One Year
   Pinjaman Bank / Bank Loans                                                                  175.000        99.666                   75.334            75,59%
   Liabilitas Sewa / Lease Liabilities                                                           9.320          2.846                      6.474       227,50%
 Jumlah Liabilitas Jangka Pendek / Total Current Liabilities                                   731.493       588.139                 143.354            24,37%


*) Disajikan kembali                                                             *) Restated




278           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 281
                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                                     Tinjauan Keuangan
                                                                                                                     Financial Overview



Jumlah liabilitas jangka pendek Perusahaan pada 31 Desember                   The Company's total current liabilities as of December 31,
2023 adalah sebesar Rp731,49 miliar, mengalami peningkatan                    2023 were Rp731.49 billion, an increase of Rp143.35 billion
Rp143,35 miliar atau 24,37%, jika dibandingkan dengan tahun                   or 24.37%, compared to 2022, which was Rp588.14 billion.
2022, yang sebesar Rp588,14 miliar. Berikut adalah penjelasan                 The following is an explanation regarding the increase in
terkait peningkatan liabilitas jangka pendek Perusahaan di                    the Company's current liabilities in 2022 compared to the
tahun 2022 dibandingkan tahun sebelumnya, sebagaimana                         previous year, as attached below.
terlampir di bawah ini.


Utang Usaha                                                                   Trade Payables
Jumlah utang usaha Perusahaan, yang terdiri dari utang                        The Company's total trade payables, which consists of trade
usaha kepada pihak berelasi dan kepada pihak ketiga,                          payables to related parties and to third parties, is Rp417.36
adalah sebesar Rp417,36 miliar pada 2023. Jumlah tersebut                     billion in 2023. This amount shows an increase of Rp106.13
menunjukkan peningkatan Rp106,13 miliar atau 34,10%                           billion or 34.10% compared to 2022 which was Rp311.23
dibandingkan dengan pada 2022 yang sebesar Rp311,23                           billion. This was mainly due to an increase in trade payables
miliar. Hal ini terutama disebabkan oleh peningkatan utang                    for non-PTBA coal purchases from third parties.
usaha atas pembelian batubara non PTBA ke pihak ketiga.


Utang Lain-lain                                                               Other Payables
Jumlah utang lain-lain Perusahaan, yang terdiri dari utang                    The Company's total other payables, which consist of other
lain-lain kepada pihak berelasi dan kepada pihak ketiga,                      payables to related parties and to third parties, were recorded
tercatat sebesar Rp50,05 miliar pada 2023, mengalami                          at Rp50.05 billion in 2023, an increase of Rp17.30 billion or
penurunan Rp17,30 miliar atau 25,68%, dibandingkan dengan                     25.68 %, compared to 2022 at Rp67.35 billion. This was mainly
tahun 2022 yang sebesar Rp67,35 miliar. Hal ini terutama                      due to payments for fixed asset insurance debt in 2023 which
disebabkan oleh pembayaran atas utang asuransi aset tetap                     is owed as of December 31, 2022 amounting to Rp20 billion to
di tahun 2023 yang terhutang per 31 Desember 2022 sebesar                     PT BRI Asuransi.
Rp20 miliar kepada PT BRI Asuransi.


Utang Pajak                                                                   Taxes Payable
Utang pajak Perusahaan pada 2023 tercatat sebesar Rp26,46                     The Company's taxes payable in 2023 was recorded at Rp26.46
miliar, mengalami peningkatan Rp970,60 juta atau 3,81%                        billion, an increase of Rp970.60 million or 3.81 % compared to
dibandingkan pada 2022 yang sebesar Rp25,49 miliar.                           2022 at Rp25.49 billion. This increase was due to an increase
Peningkatan ini disebabkan oleh peningkatan utang PPH                         in the Company's PPH article 21 debt due to the imposition of
pasal 21 perusahaan atas penerapan Pengenaan PPh 21                           Natural Income Tax 21.
Natura.


Beban Akrual                                                                  Accrued Expenses
Pada 2023, beban akrual Perusahaan adalah sejumlah                            In 2023, the Company's accrued expenses amounted to
Rp39,58 miliar atau mengalami penurunan Rp784,82 juta atau                    Rp39.58 billion or a decrease of Rp784.82 million or 1.94 %
1,94% dibandingkan dengan pada 2022 yang sebesar Rp40,36                      compared to 2022 at Rp40.36 billion. This decrease was
miliar. Penurunan ini disebabkan oleh penurunan utang beban                   caused by a decrease in syndicated loan interest expenses
bunga kredit sindikasi sebesar Rp11 miliar, hal ini disebabkan                of Rp11 billion, this was due to changes in the principal and
oleh perubahan pola pembayaran pokok dan bunga kredit                         interest payment patterns of syndicated loans.
sindikasi.




                                                                                                    2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                   279
Page 282
                                Ikhtisar Kinerja             Laporan Manajemen       Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                                Performance Highlights       Management Report       Company Profile      Overview on Business Supports




Tinjauan Keuangan
Financial Overview



Liabilitas Imbalan Kerja Jangka Pendek                                           Short Term Employee Benefits Liabilities
Liabilitas imbalan kerja jangka pendek Perusahaan pada                           The Company's short-term employee benefits liabilities in
2023 adalah sebesar Rp13,72 miliar, mengalami penurunan                          2023 amounted to Rp13.72 billion, a decrease of Rp27.48
Rp27,48 miliar atau 66,69%, dibandingkan dengan pada                             billion or 66.69%, compared to 2022 at Rp41.20 billion.
2022 yang sebesar Rp41,20 miliar. Penurunan ini disebabkan                       This decrease was caused by a decrease in the Company's
oleh penurunan pencadangan beban bonus dan tantiem                               reserves for bonuses and bonuses following the provisions
perusahaan mengikuti pencadangan yang telah ditetapkan                           set by the Parent Entity (SIG).
oleh Entitas Induk (SIG).


PINJAMAN JANGKA PANJANG YANG JATUH TEMPO DALAM                                   LONG TERM DEBT MATURITY IN ONE YEAR
SATU TAHUN
Pinjaman Bank                                                                    Bank Loans
Pada 2023, pinjaman (utang) bank jangka panjang - bagian                         In 2023, the Company's long term debt maturity in one year
jangka pendek Perusahaan adalah sebesar Rp175 miliar,                            amounted to Rp175 billion, an increase of Rp75.33 billion or
meningkat Rp75,33 miliar atau 75,59% dibanding 2022 yang                         75.59%, in 2022 at Rp99.67 billion. This increase was due to
sebesar Rp99,67 miliar. Peningkatan ini disebabkan oleh                          changes in the maturity value of long-term bank loans.
perubahan nilai jatuh tempo pinjaman bank jangka panjang.


Liabilitas Sewa                                                                  Lease Liabilities
Pada tahun 2023, liabilitas sewa jangka panjang - bagian                         In 2023, the Company's non-current liabilities - short-term
jangka pendek perusahaan adalah sebesar Rp9,32 miliar,                           portion was recorded at Rp9.32 billion, an increase of Rp6.47
meningkat Rp6,47 miliar atau sebesar 227,50% dibanding                           billion or 227.50% compared to 2022 at Rp2.85 billion. Such
tahun 2022 yang sebesar Rp2,85 miliar. peningkatan ini                           increase was due to regular payments of principal lease
disebabkan oleh pembayaran rutin atas pokok liabilitas sewa.                     liabilities.


LIABILITAS JANGKA PANJANG                                                        NON-CURRENT LIABILITIES
Liabilitas Jangka Panjang 2022-2023                                              Non-Current Liabilities in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                    In millions of rupiah, unless otherwise stated.
                                                                                                                                  Perubahan / Changes
                               Uraian / Description                                        2023           2022*                                     Persentase /
                                                                                                                               Nominal
                                                                                                                                                     Percentage
 Pinjaman jangka panjang, setelah dikurangi bagian yang jatuh tempo dalam satu tahun: / Long Term Debt - After Deducting the Portion That
 Matures in One Year
   Pinjaman Bank / Bank Loans                                                                   597.370   1.257.048                 -659.678             -52,48%
   Liabilitas Sewa / Lease Liabilities                                                          110.066       117.605                      -7.538         -6,41%
 Liabilitas Pajak Tangguhan / Deferred Tax Liabilities                                          128.019       93.556                  34.464             36,84%
 Liabilitas Imbalan Kerja Jangka Panjang / Long Term Employee Benefits
                                                                                                75.932         62.316                      13.617         21,85%
 Liabilities
 Provisi Reklamasi, dan Pasca Tambang / Provision for Reclamation and
                                                                                                 51.438       48.925                        2.513          5,14%
 Mine Closure
 Jumlah Liabilitas Jangka Panjang / Total Non-Current Liabilities                             962.825     1.579.448                 -616.623            -39,04%

*) Disajikan kembali.                                                            *) Restated.




280           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 283
                    Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis   Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                                    Tinjauan Keuangan
                                                                                                                    Financial Overview



Pada 2023, jumlah liabilitas jangka panjang Perusahaan                       In 2023, the Company's total non-current liabilities was at
adalah sebesar Rp962,83 miliar, mengalami penurunan                          Rp962.83 billion, a decrease of Rp616.62 billion or 39.04
Rp616,62 miliar atau 39,04%, dibandingkan dengan tahun                       %, compared to the previous year at Rp1,579.45 billion. An
sebelumnya yang sebesar Rp1.579.45 miliar. Penjelasan                        explanation regarding the decrease in the Company's non-
terkait penurunan liabilitas jangka panjang Perusahaan di                    current liabilities in 2022 compared to the previous year is as
tahun 2022 dibandingkan tahun sebelumnya, adalah sebagai                     follows.
berikut.


Pinjaman Bank Jangka Panjang Setelah Dikurangi Bagian                        Long Term Debt – After Deducting the Portion That Matures
yang Jatuh Tempo
Pada 2023, Perusahaan mencatatkan pinjaman bank jangka                       In 2023, the Company recorded long term debt - after
panjang setelah dikurangi bagian yang jatuh tempo dalam                      deducting the portion that matures in one year amounting
satu tahun sebesar Rp597,37 miliar, mengalami penurunan                      to Rp597.37 billion, a decrease of Rp659.68 billion or 52.48
Rp659,68 miliar atau 52,48%, dibandingkan dengan tahun                       %, compared to the previous year at Rp1,257.05 billion.
sebelumnya yang sebesar Rp1.257,05 miliar. Penurunan ini                     This decrease was mainly due to the acceleration of bank
terutama dikarenakan penurunan pinjaman bank jangka                          loan principal payments of Rp442 billion in the context of
Panjang disebabkan oleh percepatan pembayaran pokok                          refinancing syndicated credit loans and regular payments on
pinjaman bank sebesar Rp442 miliar dalam rangka refinancing                  loan principal of Rp100 billion.
pinjaman kredit sindikasi dan pembayaran rutin atas pokok
pinjaman sebesar Rp100 miliar.


Liabilitas Sewa Jangka Panjang Setelah Dikurangi Bagian                      Long Term Lease Liabilities After Deducting the Short
Jangka Pendek yang Jatuh Tempo dalam Satu Tahun                              Term Portion That Matures in One Year
Perusahaan mencatatkan jumlah liabilitas sewa jangka                         The company recorded total long term lease liabilities after
panjang setelah dikurangi bagian jangka pendek yang jatuh                    deducting the short term portion that matures in one year
tempo dalam satu tahun pada 2023 sebesar Rp110,07 miliar,                    in 2023 amounting to Rp110.07 billion, a decrease of Rp7.54
mengalami penurunan Rp7,54 miliar atau 6,41%, dibandingkan                   billion or 6.41 %, compared to the previous year at Rp60 billion.
dengan tahun sebelumnya yang sebesar Rp60 miliar.                            This decrease was due to reclassification of lease liabilities
Penurunan ini disebabkan oleh reklasifikasi atas liabilitas                  due within 1 year to short-term lease liabilities.
sewa yang jatuh tempo dalam 1 tahun ke liabilitas sewa jangka
pendek.


Liabilitas Pajak Tangguhan                                                   Deferred Tax Liabilities
Pada 2023, liabilitas pajak tangguhan Perusahaan adalah                      In 2023, the Company's deferred tax liabilities amount to
sejumlah Rp128,02 miliar, mengalami peningkatan Rp34,46                      Rp128.02 billion, an increase of Rp34.46 billion or 36.84%
miliar atau 36,84% dibandingkan dengan tahun sebelumnya                      compared to the previous year at Rp93.55 billion. This
yang sebesar Rp93,55 miliar. Peningkatan ini disebabkan                      increase was due to an increase in deferred tax debt which
oleh peningkatan utang pajak tangguhan yang disebabkan                       was caused by the influence of temporary differences in the
oleh pengaruh perbedaan temporer dalam perhitungan                           calculation of the Company's corporate income in 2023.
Penghasilan badan perusahaan di tahun 2023.




                                                                                                   2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                  281
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                                Ikhtisar Kinerja              Laporan Manajemen       Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                                Performance Highlights        Management Report       Company Profile       Overview on Business Supports




Tinjauan Keuangan
Financial Overview



Liabilitas Imbalan Kerja Jangka Panjang                                           Long Term Employee Benefits Liabilities
Jumlah liabilitas imbalan jangka panjang Perusahaan pada                          The Company's total long-term benefits liabilities in 2023
2023 adalah sebesar Rp75,93 miliar, mengalami peningkatan                         amounted to Rp75.93 billion, an increase of Rp13.62 billion or
Rp13,62 miliar atau 21,85%, dibandingkan dengan tahun                             21.85%, compared to the previous year at Rp62.32 billion.
sebelumnya yang sebesar Rp62,32 miliar.


Provisi Reklamasi dan Pasca Tambang                                               Provision for Reclamation and Mine Closure
Pada      2023,         Perusahaan      mencatatkan          jumlah      utang    In 2023, the Company recorded a total debt for reclamation
provisi reklamasi, dan pasca tambang, sebesar Rp51,44                             and post-mining provisions of Rp51.44 billion, an increase
miliar, mengalami peningkatan Rp2,51 miliar atau 5,14%,                           of Rp2.51 billion or 5.14%, compared to the previous year at
dibandingkan dengan tahun sebelumnya yang sebesar                                 Rp48.92 billion. This increase was due to the provision of
Rp48,92 miliar. Peningkatan ini disebabkan oleh pembebanan                        interest charges for the 2023 period for Reclamation & Post-
bunga provisi untuk periode tahun 2023 untuk Provisi                              Mining Provisions and Provisions for Estimated Dismantling
Reklamasi & Pasca Tambang dan Provisi Estimasi biaya                              Costs of Fixed Assets.
Bongkar aset tetap.


EKUITAS                                                                           EQUITY
Ekuitas 2022-2023                                                                 Equity in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                     In thousands of rupiah, unless otherwise stated.
                                                                                                                                    Perubahan / Changes
                               Uraian / Description                                         2023            2022*                                 Persentase /
                                                                                                                                 Nominal
                                                                                                                                                   Percentage
 Modal Saham / Share Capital                                                                     993.253      993.253                         -              -
 Tambahan Modal Disetor / Additional Paid-in Capital                                         1.270.607      1.270.607                         -              -
 Kerugian komprehensif lain / Other Comprehensive Loss                                           (77.888)     (62.555)                  -15.333         24,51%
 Saldo Laba / Retained Earnings

 Telah Ditentukan Penggunaannya / Appropriated                                                   866.565    1.072.925                -206.360          -19,23%

 Belum Ditentukan Penggunaannya / Unappropriated                                                 109.899     (199.067)                 308.966        -155,21%
 Total Ekuitas yang dapat Diatribusikan Kepada / Total Equity Attributable To
 Pemilik Entitas Induk / Equity Holders of Parent Entity                                     3.162.436       3.075.163                   87.273         2,84%
 Kepentingan Non-Pengendali / Non-Controlling Interests                                              (23)            (25)                    2          -6,73%
 Jumlah Ekuitas / Total Equity                                                               3.162.412      3.075.138                    87.274         2,84%
*) Disajikan kembali.                                                             *) Restated.



Jumlah ekuitas Perusahaan pada 2023 adalah sebesar                                The Company's total equity in 2023 was at Rp3,162.41 billion,
Rp3.162,41 miliar, mengalami peningkatan Rp87,27 miliar                           an increase of Rp87.27 billion or 2.84% compared to the
atau 2,84% dibandingkan tahun sebelumnya yang sebesar                             previous year at Rp3,075.14 billion. This increase was due to
Rp3.075,14 miliar. Peningkatan ini disebabkan oleh pengakuan                      the recognition of profit for the 2023 period of Rp121.5 billion.
laba periode tahun 2023 sebesar Rp121,5 miliar.




282           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 285
                        Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik           Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis   Good Corporate Governance                  Corporate Social and Environmental Responsibility




                                                                                                                              Tinjauan Keuangan
                                                                                                                              Financial Overview



LAPORAN LABA (RUGI) DAN PENGHASILAN                                              CONSOLIDATED STATEMENT OF PROFIT (LOSS)
KOMPREHENSIF LAIN KONSOLIDASIAN                                                  AND OTHER COMPREHENSIVE INCOME
Laba (Rugi) dan Penghasilan Komprehensif Lain                                    Consolidated Profit (Loss) and Other Comprehensive
Konsolidasian 2022-2023                                                          Income in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                    In millions of rupiah, unless otherwise stated.
                                                                                                                                           Perubahan / Changes
                        Uraian / Description                                        2023                      2022*                                             Persentase /
                                                                                                                                        Nominal
                                                                                                                                                                 Percentage
 Pendapatan / Revenue                                                                  2.040.679                    1.881.767                  158.912                8,44%
 Beban Pokok Pendapatan / Cost Of Revenue                                              (1.397.190)                (1.112.848)                -284.341                25,55%
 Laba Kotor / Gross Profit                                                                643.490                     768.919                -125.429                -16,31%
 Beban penjualan / Selling expenses                                                     (200.445)                  (248.746)                    48.300               -19,42%
 Beban umum dan administrasi / General and administrative
                                                                                        (230.849)                  (258.524)                     27.676              -10,71%
 expenses
 Pendapatan (beban) lainnya / Other income (expenses)                                       43.896                     (8.579)                  52.475              -611,66%
 Pendapatan keuangan / Finance income                                                           5.099                   11.656                   -6.557              -56,26%
 Beban keuangan / Finance expenses                                                        (98.607)                 (162.646)                    64.039               -39,37%
 Laba Sebelum Pajak Penghasilan / Profit Before Income Tax                                 162.583                    102.081                   60.503                59,27%
 Beban Pajak Penghasilan / Income Tax Expense                                               (41.011)                 (24.763)                  -16.248                65,61%
 Laba Tahun Berjalan / Profit For The Year                                                 121.573                     77.318                  44.255                57,24%
 Penghasilan Komprehensif Lain / Other Comprehensive Income
 Pos-pos yang tidak akan direklasifikasikan ke laba rugi / Items that will not be reclassified to profit or loss
 Pengukuran kembali program imbalan pasti / Remeasurement of
                                                                                           (19.658)                  (10.356)                   -9.302               89,82%
 defined benefit program
 Pajak penghasilan terkait / Related income tax                                                 4.325                    2.278                    2.046              89,82%
 Kerugian komprehensif lain tahun berjalan setelah pajak / Total
                                                                                           (15.333)                    (8.078)                   -7.255              89,82%
 other comprehensive loss for the year, after tax
 Jumlah Penghasilan Komprehensif Tahun Berjalan / Total
                                                                                          106.240                     69.240                    37.000               53,44%
 Comprehensive Income For The Year
 Laba (Rugi) Tahun Berjalan yang Dapat Diatribusikan kepada / Profit (Loss) For The Year Attributable To
   Pemilik Entitas Induk / Equity Holders of Parent Entity                                  121.571                    77.323                   44.248                57,22%
   Kepentingan Non-Pengendali / Non-Controlling Interests                                          2                           6                            7       -128,38%
 Jumlah Penghasilan Komprehensif tahun berjalan yang dapat diatribusikan kepada: / Total Comprehensive Income For The Year Attributable To
   Pemilik Entitas Induk / Equity Holders of Parent Entity                                 106.238                    69.245                    36.993               53,42%
   Kepentingan Non-Pengendali / Non-Controlling Interests                                          2                         (5)                            7       -130,96%
 Laba Bersih per Saham (Rupiah Penuh) / Earnings per Share (Full
                                                                                                   12                          8                        4             57,22%
 Rupiah)
*) Disajikan kembali.                                                            *) Restated.




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                      283
Page 286
                                Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                                Performance Highlights         Management Report      Company Profile       Overview on Business Supports




Tinjauan Keuangan
Financial Overview



Uraian     terkait     laporan       laba       (rugi)   dan     penghasilan       A description of the Company's consolidated profit (loss)
komprehensif lain konsolidasian Perusahaan pada 2023                               and other comprehensive income report in 2023 and its
beserta perbandingannya dengan pada 2022 adalah sebagai                            comparison with 2022 is as follows.
berikut.


PENDAPATAN                                                                         REVENUE
Pada 2023, Perusahaan membukukan pendapatan sebesar                                In 2023, the Company posted revenue of Rp2,040.68 billion,
Rp2.040,68        miliar,     mengalami            peningkatan        Rp158,91     an increase of Rp158.91 billion or 8.44% compared to the
miliar atau 8,44% dibandingkan tahun sebelumnya yang                               previous year of Rp1,881.77 billion. This increase was due
sebesar Rp1.881,77 miliar. Peningkatan ini disebabkan oleh                         to an increase in cement sales to related parties, namely
peningkatan penjualan semen kepada pihak berelasi yaitu                            PT Semen Indonesia as an implementation of cement sales
PT Semen Indonesia sebagai penerapan penjualan semen                               through mega distributors and intercompany sales to PT
melalui mega distributor dan penjualan intercompany kepada                         Semen Padang and PT Solusi Bangun Indonesia and was
PT Semen Padang dan PT Solusi Bangun Indonesia serta juga                          also influenced by an increase in sales of white clay as a
dipengaruhi peningkatan penjualan white clay sebagai produk                        downstream product.
hilirisasi.


Perincian pendapatan Perusahaan pada 2023 berserta                                 Details of the Company's revenue in 2023 and its comparison
perbandingannya dengan pada 2022 adalah sebagai berikut.                           with 2022 are as follows.
Pendapatan 2022-2023                                                               Revenue in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                      In millions of rupiah, unless otherwise stated.
                                                                                                                                    Perubahan / Changes
                               Uraian / Description                                         2023            2022                                      Persentase /
                                                                                                                                 Nominal
                                                                                                                                                       Percentage
Penjualan pada Pihak Ketiga / Sales to third parties
Penjualan Semen / Sales of cement                                                              454.833      1.848.072              -1.393.239              -75,39%
Jasa Pengangkutan / Transportation services                                                           187          1.861                     -1.674        -89,97%
Lain-Lain / Others                                                                                    190              17                      173        990,68%
Jumlah Penjualan pada Pihak Ketiga / Total Sales to third parties                             455.209       1.849.950               -1.394.741             -75,39%
Penjualan pada pihak berelasi / Sales to related parties
PT Semen Indonesia (Persero) Tbk                                                             1.394.682                   -                        -              -
PT Semen Padang                                                                                   97.189                 -                        -              -
PT Solusi Bangun Indonesia Tbk                                                                   60.686                  -                        -              -
Jumlah Penjualan pada Pihak Berelasi / Total Sales to related parties                        1.552.557                   -                        -              -
Penjualan white clay / Sales of white clay
PT Pupuk Sriwidjaja                                                                              32.914          31.818                      1.096          3,44%
Jumlah Penjualan Bersih / Total Net Sales                                                   2.040.679        1.881.767                  158.912             8,44%




284           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                        Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik                Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis   Good Corporate Governance                       Corporate Social and Environmental Responsibility




                                                                                                                                   Tinjauan Keuangan
                                                                                                                                   Financial Overview



Pada 2023, penjualan bersih Perusahaan adalah sebesar                            In 2023, the Company's net sales amounted to Rp2,040.68
Rp2.040,68 miliar, mengalami peningkatan Rp158,91 miliar                         billion, an increase of Rp158.91 billion or 8.44 % compared
atau 8,44% dibandingkan dengan tahun sebelumnya yang                             to the previous year at Rp1,881.77 billion. This increase was
sebesar Rp1.881,77 miliar. Peningkatan tersebut terutama                         mainly due to an increase in cement sales of Rp159.32 billion
disebabkan peningkatan penjualan semen sebesar Rp159,32                          or 8.62% from the previous year. There was also an increase
miliar atau 8,62% dari tahun sebelumnya. Selain itu terjadi                      in sales of white clay by Rp32.91 billion or 3.44% from the
juga peningkatan penjualan white clay sebesar Rp32,91 miliar                     previous year of Rp31.82 billion.
atau 3,44% dari tahun sebelumnya sebesar Rp31,82 miliar.


BEBAN POKOK PENDAPATAN                                                           COST OF REVENUE
Beban Pokok Penjualan 2022-2023                                                  Cost of Revenue in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                    In millions of rupiah, unless otherwise stated.
                                                                                                                                                Perubahan / Changes
                             Uraian / Description                                               2023                  2022*                                          Persentase /
                                                                                                                                             Nominal
                                                                                                                                                                      Percentage
 Bahan Bakar dan Listrik / Fuel and electricity                                                  432.045                  349.348                    82.697                23,67%
 Bahan Baku dan Penolong / Raw material and supplies                                              337.211                260.048                      77.163               29,67%
 Depresiasi dan Amortisasi / Depreciation and amortization                                        193.566                  137.596                   55.970               40,68%
 Tenaga Kerja / Labor costs                                                                       116.459                 109.793                      6.666                6,07%
 Pabrikasi Lainnya / Other manufacture expenses                                                  325.752                  241.040                     84.711               35,14%
 Subjumlah / Subtotal                                                                           1.405.032              1.097.826                   307.206                 27,98%
 Persediaan Barang dalam Proses / Work in process
 Persediaan Awal / Beginning balance                                                              33.660                   43.364                     -9.703              -22,38%
 Persediaan Akhir / Ending balance                                                                (58.176)                (33.661)                  -24.516                72,83%
 Beban Pokok Produksi / Cost of goods manufactured                                              1.380.516               1.107.529                  272.986                24,65%
 Persediaan Barang Jadi / Finished goods
 Persediaan Awal / Beginning balance                                                               13.679                   18.998                    -5.319              -28,00%
 Pembelian barang jadi / Finished goods purchase                                                   19.107                            -                           -              -
 Persediaan Akhir / Ending balance                                                                (16.112)                 (13.679)                  -2.433                17,79%
 Jumlah Beban Pokok Penjualan / Total Cost of Revenue                                           1.397.190               1.112.848                  284.341                25,55%

*) Disajikan kembali                                                             *) Restated



Pada 2023, Perusahaan mencatatkan beban pokok penjualan                          In 2023, the Company recorded a cost of revenue of Rp1,397.19
sebesar Rp1.397,19 miliar, mengalami peningkatan Rp284,34                        billion, an increase of Rp284.34 billion or 25.55% compared to
miliar atau 25,55% dibandingkan dengan tahun sebelumnya                          the previous year at Rp1,112.85 billion.
yang sebesar Rp1.112,85 miliar.


Uraian komponen yang mempengaruhi kinerja beban pokok                            A description of the components that influence the
penjualan adalah sebagai berikut:                                                performance of cost of revenue is as follows:
1. Bahan Bakar dan Listrik                                                       1. Fuel and Electricity
    Biaya bahan bakar dan listrik mengalami peningkatan                                Fuel and electricity costs increased by Rp82.7 billion or
    Rp82,70 miliar atau 23,67%, dari Rp349,35 miliar di akhir                          23.67% from Rp349.35 billion to Rp432.04 billion at the
    menjadi Rp432,04 miliar di akhir 2023. Peningkatan ini                             end of 2023. This increase was in line with sales volume
    sejalan dengan peningkatan volume penjualan sebesar                                which grew by 7.56% and was also due to higher average
    7,56% selain itu juga disebabkan oleh meningkatnya harga                           prices for coal and diesel, as well as the impact of higher
    rata-rata batubara dan solar, dampak dari kenaikan harga                           fuel prices.
    BBM.

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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Tinjauan Keuangan
Financial Overview



2. Bahan Baku dan Penolong                                                   2. Raw Material and Supplies
   Biaya bahan baku dan penolong mengalami peningkatan                          The cost of raw material and supplies increased by
   Rp77,16 miliar atau 29,67%, dari Rp260,05 miliar di akhir                    Rp77.16 billion or 29.67%, from Rp260.05 billion at the end
   2022 menjadi Rp337,21 miliar di tahun 2022. Peningkatan                      of 2022 to Rp337.21 billion in 2022. This increase was in
   ini sejalan dengan peningkatan volume penjualan sebesar                      line with an increase in sales volume of 7.56% and was
   7,56% selain itu juga disebabkan oleh meningkatnya                           also due to by the increase in unit prices for purchasing
   harga satuan pembelian bahan baku & penolong seperti                         raw & auxiliary materials such as iron sand, gypsum and
   pasir besi, gypsum serta fly ash yang tahun lalu diperoleh                   fly ash which were obtained free of charge last year and
   secara gratis dan adanya pemakaian cement grinding aid                       the use of cement grinding aid to improve cement quality
   untuk meningkatkan kualitas semen sehubungan dengan                          in connection with the clinker factor reduction program.
   program penurunan faktor klinker.


3. Depresiasi dan Amortisasi                                                 3. Depreciation and Amortization
   Biaya depresiasi dan amortisasi mengalami peningkatan                        Depreciation and amortization costs increased by
   Rp55,97 miliar atau 40,68%, dari Rp137,60 miliar di                          Rp55.97 billion or 40.68%, from Rp137.60 billion at the end
   akhir 2022 menjadi Rp193,57 miliar di akhir 2023, yang                       of 2022 to Rp193.57 billion at the end of 2023, which was
   disebabkan oleh adanya perubahan metode dari unit                            caused by a change in the method from unit production to
   satuan produksi menjadi garis lurus.                                         straight line.


4. Tenaga Kerja Biaya                                                        4. Labor Costs
   Tenaga kerja mengalami peningkatan Rp6,67 miliar                             Labor increased by Rp6.67 billion or 6.07 %, from
   atau 6,07%, dari Rp109,80 miliar di akhir 2022, menjadi                      Rp109.80 billion at the end of 2022, to Rp116.46 billion at
   Rp116,46 miliar di akhir 2023, yang terutama dikarenakan                     the end of 2023, which was mainly due to organizational
   adanya restrukturisasi organisasi perpindahan karyawan                       restructuring of employee transfers to production units.
   ke unit produksi.


5. Pabrikasi Lainnya                                                         5. Other Manufacture Expenses
   Biaya pabrikasi lainnya mengalami peningkatan Rp84,71                        Other manufacture expenses decreased by Rp84.71 billion
   miliar atau 35,14%, dari Rp241,04 miliar di akhir 2022                       or 35.14 %, from Rp241.04 billion at the end of 2022 to
   menjadi Rp325,75 miliar di tahun 2023, yang disebabkan                       Rp325.75 billion in 2023, which was due to an increase in
   oleh peningkatan angkutan intransit semen seiring                            cement in-transit transportation in line with the increase
   meningkatnya volume penjualan semen.                                         in cement sales volume.


6. Persediaan Barang dalam Proses                                            6. Work in Process
   Persediaan awal mengalami penurunan Rp9,70 miliar                            Beginning inventory decreased by Rp9.70 billion or
   atau 22,38%, dari Rp43,36 miliar di akhir 2022, menjadi                      22.38%, from Rp43.36 billion at the end of 2022, to
   Rp33,66 miliar di akhir 2023. Sementara itu, persediaan                      Rp33.66 billion at the end of 2023. Meanwhile, ending
   akhir mengalami penurunan Rp24,52 miliar atau 72,83%,                        inventory experienced a decrease of Rp24.52 billion or
   dari minus Rp33.66 miliar di akhir 2022 menjadi minus                        72.83%, from minus Rp33.66 billion at the end of 2022 to
   Rp58,18 miliar di akhir 2023, yang terutama disebabkan                       minus Rp58.18 billion at the end of 2023, which was mainly
   oleh peningkatan volume penjualan semen.                                     caused by an increase in cement sales volume




286       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis          Good Corporate Governance              Corporate Social and Environmental Responsibility




                                                                                                                              Tinjauan Keuangan
                                                                                                                              Financial Overview



7. Beban Pokok Produksi                                                              7. Cost of Goods Manufactured
   Beban pokok produksi mengalami peningkatan Rp272,99                                     Cost of goods manufactured increased by Rp272.99
   miliar atau 24,65%, dari Rp1.107,53 miliar di akhir 2022                                billion or 24.65%, from Rp1,107.53 billion at the end of
   menjadi Rp1.380,52 miliar di akhir 2023, yang disebabkan                                2022 to Rp1,380.52 billion by the end of 2023, caused by
   oleh meningkatnya pemakaian bahan baku & penolong                                       increased use of raw & auxiliary materials such as iron
   seperti pasir besi, gypsum, fly ash dan cement grinding                                 sand, gypsum, fly ash and cement grinding aid as well as
   aid serta batubara dan solar.                                                           coal and diesel.


8. Persediaan Barang Jadi                                                            8. Finished Goods
   Persediaan awal mengalami penurunan Rp5,32 miliar atau                                  Beginning balance decreased by Rp5.32 billion or 28.00%,
   28,00%, dari Rp19 miliar di akhir 2022 menjadi Rp13,68                                  from Rp19 billion at the end of 2022 to Rp13.68 billion at
   miliar di akhir 2023. Pembelian barang jadi mengalami                                   the end of 2023. Purchases of finished goods experienced
   perubahan dari nihil pada akhir 2022 menjadi Rp19,11 pada                               a change from nil at the end of 2022 to Rp19.11 at the end
   akhir 2023. Sementara itu, persediaan akhir mengalami                                   of 2023. Meanwhile, ending balance decreased by Rp2.43
   penurunan Rp2,43 miliar atau 17,79%, dari Rp13,68                                       billion or 17.79%, from Rp13.68 billion at the end of 2022 to
   miliar di akhir 2022 menjadi Rp16,11 miliar di akhir 2023.                              Rp16.11 billion at the end of 2023. Changes in the finished
   Perubahan pada komponen persediaan barang jadi pada                                     goods in 2023 were mainly caused by an increase in
   2023 terutama disebabkan oleh meningkatnya volume                                       cement sales volume.
   penjualan semen.


LABA KOTOR                                                                           GROSS PROFIT
Berdasarkan akumulasi dari pendapatan dan beban pokok                                Based on the accumulation of revenue and cost of goods
penjualan, Perusahaan membukukan laba kotor tahun 2023                               sold, the Company posted a gross profit in 2023 of Rp643.49
sebesar Rp643,49 miliar, mengalami penurunan Rp125,43                                billion, a decrease of Rp125.43 billion or 16.31%, compared to
miliar atau 16,31%, dibandingkan dengan tahun sebelumnya                             the previous year at Rp768.92 billion.
yang sebesar Rp768,92 miliar.


BEBAN PENJUALAN                                                                      SELLING EXPENSES
Pada 2023, Perusahaan mencatatkan jumlah beban penjualan                             In 2023, the Company recorded total selling expenses of
Rp200,45 miliar atau menurun Rp48,30 miliar yang setara                              Rp200.45 billion or a decrease of Rp48.30 billion, which
19,42% dibanding pada tahun sebelumnya yang sejumlah                                 is equivalent to 19.42% compared to the previous year at
Rp248,75 miliar. Penurunan tersebut disebabkan adanya                                Rp248.75 billion. This decline was due to organizational
restrukturisasi organisasi yang pindah ke unit produksi,                             restructuring which moved to production units, promotional
kegiatan promosi yang terpusat di holding (SIG) dan efisiensi                        activities centered on the holding (SIG) and other operational
biaya operasional lainnya.                                                           cost efficiencies.


Perincian    beban      penjualan            pada         2023     beserta           The details of selling expenses in 2023 and their comparison
perbandingannya dengan pada 2022 adalah sebagai berikut:                             with 2022 are as follows:




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                Ikhtisar Kinerja             Laporan Manajemen       Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                                Performance Highlights       Management Report       Company Profile      Overview on Business Supports




Tinjauan Keuangan
Financial Overview



Beban Penjualan 2022-2023                                                        Selling Expenses in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                    In millions of rupiah, unless otherwise stated.
                                                                                                                                  Perubahan / Changes
                               Uraian / Description                                        2023           2022*                                     Persentase /
                                                                                                                               Nominal
                                                                                                                                                     Percentage
 Pengangkutan dan Distribusi / Freight and distribution                                         153.309      167.654                  -14.346             -8,56%
 Gaji, Upah dan Tunjangan / Salaries, wages and allowances                                       31.993       46.294                 -14.300             -30,89%
 Penyusutan dan Amortisasi / Depreciation and amortization                                        5.635         6.056                       -422          -6,96%
 Promosi / Promotion                                                                              2.734        18.871                  -16.137           -85,51%
 Beban Pemeliharaan / Maintenance expenses                                                        2.142          1.378                       764         55,42%
 Perjalanan Dinas / Business trip                                                                   420         1.204                       -784         -65,12%
 Lain-lain / Others                                                                               4.213         7.288                  -3.076           -42,20%
 Jumlah Beban Penjualan / Total Selling Expenses                                             200.445       248.746                  -48.300              -19,42%

*) Disajikan kembali.                                                            *) Restated.


BEBAN UMUM DAN ADMINISTRASI                                                      GENERAL AND ADMINISTRATIVE EXPENSES
Perusahaan membukukan beban umum dan administrasi                                The Company recorded general and administrative expenses
sejumlah Rp230,85 miliar pada 2023, menurun Rp27,68 miliar                       of Rp230.85 billion in 2023, a decrease of Rp27.68 billion or
atau 10,71% dibanding pada 2022 yang sejumlah Rp258,52                           10.71 % compared to 2022 at Rp258.52 billion. This decrease
miliar. Penurunan tersebut terutama disebabkan adanya                            was mainly due to organizational restructuring which moved
restrukturisasi organisasi yang pindah ke unit produksi,                         to production units, exhaustion of the book value of software
habisnya nilai buku assets software (SAP) dan efisiensi biaya                    assets (SAP) and other operational cost efficiencies.
operasional lainnya.


Perincian beban umum dan administrasi pada 2023 beserta                          Details of general and administrative expenses in 2023 along
perbandingan dengan pada 2022 adalah sebagai berikut:                            with a comparison with 2022 are as follows:


Beban Umum dan Administrasi 2022-2023                                            General and Administrative Expenses in 2022-2023
Dalam jutaan, kecuali dinyatakan lain.                                           In millions of rupiah, unless otherwise stated.
                                                                                                                                  Perubahan / Changes
                               Uraian / Description                                        2023           2022*                                     Persentase /
                                                                                                                               Nominal
                                                                                                                                                     Percentage
 Gaji, Upah dan Tunjangan / Salaries, wages and allowances                                      107.712      133.330                  -25.618            -19,21%
 Penyusutan dan Amortisasi / Depreciation and amortization                                      29.503        33.756                   -4.254            -12,60%
 Jasa Profesional dan Keamanan / Professional fee                                               24.095        20.674                       3.421          16,55%
 Denda Pajak, Asuransi dan Sewa / Taxes penalty, insurance and rent                              12.555        14.512                      -1.957        -13,49%
 Perjalanan Dinas / Business trip                                                                 9.038         5.536                      3.502          63,25%
 Jasa Outsourcing / Labor outsourcing expense                                                     8.643         8.978                       -335          -3,73%
 Beban Pemeliharaan / Maintenance                                                                 5.996         6.575                       -578          -8,80%
 Telekomunikasi dan Koordinasi / Telecommunication and coordination                              5.690          8.379                  -2.689            -32,09%
 Keamanan / Security                                                                              5.661         4.509                       1.152         25,55%
 Sumbangan / Donation                                                                            4.525          2.722                      1.803          66,23%
 Alat Tulis Kantor / Stationery                                                                   3.757         4.945                      -1.188        -24,02%
 Listrik dan Air / Electricity and water                                                          3.605         3.501                        104           2,97%




288           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                         Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik                  Tanggung Jawab Sosial dan Lingkungan
                         Management Discussion and Analysis   Good Corporate Governance                         Corporate Social and Environmental Responsibility




                                                                                                                                      Tinjauan Keuangan
                                                                                                                                      Financial Overview



                                                                                                                                                   Perubahan / Changes
                              Uraian / Description                                               2023                    2022*                                      Persentase /
                                                                                                                                                Nominal
                                                                                                                                                                     Percentage
 Pembinaan Jasmani dan Rohani / Mental and physical development                                     1.346                           817                      529          64,73%
 Diklat dan Pengadaan Pegawai / Training and recruitment                                            1.287                        1.345                       -58          -4,31%
 Rapat Dinas / Meeting                                                                                   551                       433                        118         27,17%
 Penelitian dan Pengembangan / Research and development                                                  329                        231                        98        42,23%
 Lain-lain / Others                                                                                 6.556                        8.281                   -1.725          -20,83%
 Jumlah Beban Umum dan Administrasi / Total General and
                                                                                                  230.849                   258.524                    -27.675           -10,71%
 Administrative Expenses
*) Disajikan kembali.                                                             *) Restated.



PENDAPATAN (BEBAN) LAINNYA                                                        OTHER INCOME (EXPENSES)
Perusahaan membukukan pendapatan lainnya pada 2023                                The company recorded other income in 2023 amounting to
sejumlah Rp43,90 miliar, atau selisih Rp52.47 miliar dibanding                    Rp43.90 billion, or a difference of Rp52.47 billion compared
beban lainnya pada 2022 yang sejumlah Rp8,58 miliar.                              to other expenses in 2022 at Rp8.58 billion. These changes
Perubahan tersebut terutama disebabkan oleh pemulihan                             are mainly caused by recovery of provisions for impairment
cadangan kerugian penurunan nilai piutang sebesar Rp31,8                          losses on receivables amounting to Rp31.8 billion and income
miliar dan pendapatan dari klaim asuransi kebakaran                               from building fire insurance claims amounting to Rp4.7 billion.
bangunan sebesar Rp4,7 miliar.


Perincian pendapatan (beban) lainnya pada 2023 beserta                            Details of other income (expenses) in 2023 along with a
perbandingan dengan pada 2022 adalah sebagai berikut:                             comparison with 2022 are as follows:


Pendapatan (Beban) Lainnya 2022-2023                                              Other Income (Expenses) in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                     In millions of rupiah, unless otherwise stated.
                                                                                                                                                   Perubahan / Changes
                              Uraian / Description                                               2023                    2022*                                      Persentase /
                                                                                                                                                Nominal
                                                                                                                                                                     Percentage
 Pendapatan Lainnya / Other income                                                                  5.965                        2.879                    3.085          107,16%
 Pendapatan Klaim Asuransi dan Jaminan / Insurance and guarantee claim
                                                                                                    4.736                         1.521                    3.215         211,37%
 income
 Pendapatan Klaim dan Denda / Claim revenue and penalties                                                442                     1.872                   -1.430          -76,37%
 Penghasilan atas Penjualan Aset Tetap / Gain on disposal of fixed assets                                   -                       147                     -147        -100,00%
 Subjumlah / Subtotal                                                                               11.143                       6.419                   4.724           73,60%
 Cadangan Kerugian Penurunan Nilai / Allowance for impairment losses                                31.817                     (9.227)                   41.044         -444,81%
 Rugi Selisih Kurs Transaksi / Losses from foreign exchange rate
                                                                                                        (214)                     (317)                      103         -32,52%
 transactions
 Beban Lainnya / Others expenses                                                                        1.150                  (5.453)                    6.603         -121,09%
 Subjumlah / Subtotal                                                                              32.753                   (14.998)                     47.751         -318,38%
 Jumlah Pendapatan (Beban) Lainnya / Total Other Income (Expenses)                                 43.896                     (8.579)                   52.475          -611,66%
*) Disajikan kembali.                                                             *) Restated.



LABA USAHA                                                                        OPERATING INCOME
Berdasarkan akumulasi dari laba kotor dan beban usaha,                            Based on the accumulation of gross profit and operating
Perusahaan membukukan laba usaha tahun 2023 sebesar                               expenses, the Company recorded operating income in 2023
Rp256,09 miliar, mengalami kenaikan Rp3,02 miliar atau                            of Rp256.09 billion, an increase of Rp3.02 billion or 1.19%,
1,19%, dibandingkan dengan tahun sebelumnya yang sebesar                          compared to the previous year at Rp253.07 billion.
Rp253,07 miliar.

                                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                Ikhtisar Kinerja             Laporan Manajemen       Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                                Performance Highlights       Management Report       Company Profile          Overview on Business Supports




Tinjauan Keuangan
Financial Overview



PENDAPATAN KEUANGAN                                                              FINANCE INCOME
Pendapatan keuangan Perusahaan pada 2023 adalah sejumlah                         The Company's finance income in 2023 is Rp5.10 billion, a
Rp5,10 miliar, menurun Rp6,56 miliar atau 56,26% dibanding                       decrease of Rp6.56 billion or 56.26 % compared to 2022
pada 2022 yang sejumlah Rp11,66 miliar. Penurunan tersebut                       which was Rp11.66 billion. This decrease was mainly caused
terutama disebabkan oleh penurunan pendapatan bunga                              by a decrease in the Company's deposit balance in 2023.
deposito Perusahaan yang disebabkan oleh menurunnya
saldo deposito Perusahaan di tahun 2023.


Perincian pendapatan keuangan Perusahaan pada 2023                               Details of the Company's financial income in 2023 and
beserta perbandingan dengan perolehan pada 2022 adalah                           comparison with the results in 2022 are as follows:
sebagai berikut:


Pendapatan Keuangan 2022-2023                                                    Finance Income 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                    In millions of rupiah, unless otherwise stated.
                                                                                                                                      Perubahan / Changes
                               Uraian / Description                                        2023               2022*                                   Persentase /
                                                                                                                                   Nominal
                                                                                                                                                       Percentage
 Pendapatan Bunga Deposito / Interest income from deposits                                        4.018             9.887                  -5.869          -59,36%
 Pendapatan Jasa Giro / Income on current accounts                                                1.046              1.673                     -627        -37,49%
 Pendapatan Bunga Tabungan / Saving interest income                                                      35             96                      -61        -63,62%
 Jumlah Pendapatan Keuangan / Total Finance Income                                               5.099             11.656                  -6.557         -56,26%

*) Disajikan kembali.                                                            *) Restated.



BEBAN KEUANGAN                                                                   FINANCE EXPENSES
Beban keuangan Perusahaan pada 2023 adalah sejumlah                              The Company's finance expenses in 2023 is Rp98.61 billion,
Rp98,61 miliar, menurun Rp64,04 miliar atau 39,37% dibanding                     a decrease of Rp64.04 billion or 39.37 % compared to 2022
pada 2022 yang sejumlah Rp162,65 miliar. Penurunan tersebut                      which was Rp162.65 billion. This decrease was mainly due to a
terutama disebabkan oleh penurunan beban keuangan secara                         decrease in total financial expenses caused by a decrease in
total disebabkan oleh penurunan beban bunga pinjaman                             interest expenses on syndicated bank loan loans amounting
bank kredit sindikasi sebesar Rp66 miliar yang disebabkan                        to Rp66 billion caused by refinancing bank loans into SLL
oleh refinancing pinjaman bank menjadi kredit sindikasi SLL                      syndicated loans with a decrease in the principal of long-term
dengan penurunan pokok pinjaman bank jangka panjang dan                          bank loans and changes in loan interest rates from 9.25% to
perubahan suku bunga pinjaman dari 9,25% menjadi Jibor                           Jibor 3 Months + margin.
3 Bulan + margin.


Perincian beban keuangan Perusahaan pada 2023 beserta                            Details of the Company's finance expenses in 2023 along with
perbandingan dengan perolehan pada 2022 adalah sebagai                           a comparison with the results in 2022 are as follows:
berikut:




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                        Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik                  Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis   Good Corporate Governance                         Corporate Social and Environmental Responsibility




                                                                                                                                     Tinjauan Keuangan
                                                                                                                                     Financial Overview



Beban Keuangan 2022-2023                                                         Finance Expenses in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                    In millions of rupiah, unless otherwise stated.
                                                                                                                                                  Perubahan / Changes
                             Uraian / Description                                               2023                    2022*                                      Persentase /
                                                                                                                                               Nominal
                                                                                                                                                                    Percentage
 Beban bunga pinjaman bank / Interest expense of bank loan                                        82.860                    148.054                   -65.195           -44,03%
 Beban bunga sewa / Interest expense of lease                                                      9.767                      10.339                       -571          -5,53%
 Beban bunga aset restorasi / Restoration asset interest expense                                   1.659                        1.566                         93          5,97%
 Beban bunga pascatambang dan reklamasi / Post mining and reclamation
                                                                                                       1.221                    1.140                         81          7,09%
 interest expenses
 Beban bunga MTN / Interest expense of MTN                                                               77                      1.216                   -1.140         -93,68%
 Beban bunga lainnya / Other interest expenses                                                     3.023                          330                    2.692          815,17%
 Jumlah Beban Keuangan / Total Finance Expenses                                                   98.607                    162.646                  -64.039            -39,37%

*) Disajikan kembali.                                                            *) Restated.


LABA SEBELUM PAJAK PENGHASILAN                                                   PROFIT BEFORE INCOME TAX
Berdasarkan akumulasi dari laba usaha dan pendapatan                             Based on the accumulation of operating profit and financial
(beban) keuangan, Perusahaan membukukan laba sebelum                             income/expenses, the Company posted a profit before
pajak penghasilan pada 2023 sebesar Rp162,58 miliar,                             income tax in 2023 of Rp162.58 billion, an increase of Rp60.50
mengalami peningkatan Rp60,50 miliar atau 59,27%                                 billion or 59.27% compared to the previous year at Rp102.08
dibandingkan dengan tahun sebelumnya yang sebesar                                billion.
Rp102,08 miliar.


BEBAN PAJAK PENGHASILAN                                                          INCOME TAX EXPENSE
Beban pajak penghasilan Perusahaan pada 2023 adalah                              The Company's income tax expense in 2023 is Rp41.01 billion,
sejumlah Rp41,01 miliar, mengalami peningkatan Rp16,25                           an increase of Rp16.25 billion or 65.61%, compared to the
miliar atau 65,61%, dibandingkan tahun sebelumnya yang                           previous year at Rp24.76 billion.
sebesar Rp24.76 miliar.


LABA TAHUN BERJALAN                                                              PROFIT FOR THE YEAR
Pada 2023, Perusahaan membukukan laba tahun berjalan                             In 2023, the Company posted a profit for the year of Rp121.57
sejumlah Rp121,57 miliar, mengalami peningkatan Rp44,25                          billion, experienced an increase of Rp44.25 billion or 57.24%,
miliar atau 57,24%, dibandingkan tahun sebelumnya yang                           compared to the previous year at Rp77.32 billion. This increase
sebesar Rp77,32 miliar. Peningkatan ini disebabkan oleh                          was due to an increase in revenue of Rp158.9 billion which was
Peningkatan pendapatan sebesar Rp158,9 miliar yang                               caused by an increase in sales volume, an increase in other
disebabkan oleh peningkatan volume penjualan, Peningkatan                        income as a result of the recovery of receivable reserves of
pendapatan lainnya akibat dari pemulihan cadangan piutang                        Rp31.8 billion and a decrease in financial expenses of Rp64
sebesar Rp31,8 miliar dan penurunan beban keuangan                               billion which was caused by a decrease in interest expenses
sebesar Rp64 miliar yang disebabkan oleh penurunan beban                         on syndicated loans.
bunga pinjaman kredit sindikasi.




                                                                                                                    2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                Ikhtisar Kinerja              Laporan Manajemen         Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                                Performance Highlights        Management Report         Company Profile       Overview on Business Supports




Tinjauan Keuangan
Financial Overview



Peningkatan laba tahun berjalan Perusahaan memberi                                  The increase in profit for the year of the Company had an
pengaruh        bagi     kinerja     keuangan            tercermin     melalui      impact on financial performance, reflected in an increase
peningkatan rasio profitabilitas dibanding tahun sebelumnya.                        in profitability ratios compared to the previous year. An
Penjelasan mengenai rasio profitabilitas Perusahaan dapat                           explanation of the Company's profitability ratios can be
dilihat pada bagian Informasi Keuangan Penting Lainnya, sub                         seen in the Other Important Financial Information section,
bagian Rasio Profitabilitas.                                                        Profitability Ratios subsection.


PENGHASILAN (KERUGIAN) KOMPREHENSIF LAIN                                            OTHER COMPREHENSIVE INCOME (LOSS).
Pada 2023, kerugian komprehensif lain Perusahaan adalah                             In 2023, the Company's other comprehensive loss was
sebesar Rp15,33 miliar, mengalami peningkatan Rp7,26 miliar                         at Rp15.33 billion, an increase of Rp7.26 billion or 89.82
atau 89,82% dibandingkan tahun sebelumnya yang sebesar                              % compared to the previous year at Rp8.08 billion. This
Rp8,08 miliar. Peningkatan kerugian ini disebabkan oleh                             increase in losses was due to an increase caused by the
peningkatan disebabkan oleh pengukuran kembali imbalan                              remeasurement of long-term employee benefits, pensions
kerja jangka Panjang pensiun dan pesangon akibat dari                               and severance pay as a result of changes in assumptions in
perubahan asumsi dalam perhitungan aktuaria.                                        actuarial calculations.


Perincian       penghasilan         (kerugian)           komprehensif        lain   Details of the Company's other comprehensive income (loss)
Perusahaan pada 2022-2023 adalah sebagai berikut:                                   in 2022-2023 are as follows:


Penghasilan (Kerugian) Komprehensif Lain 2022-2023                                  Other Comprehensive Income (Loss) in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain                                        In millions of rupiah, unless otherwise stated
                                                                                                                                      Perubahan / Changes
                               Uraian / Description                                           2023            2022*                                    Persentase /
                                                                                                                                   Nominal
                                                                                                                                                        Percentage
 Pos-Pos yang Tidak Akan Direklasifikasikan ke Laba Rugi / Items that will not be reclassified to profit or loss
 Pengukuran Kembali Program Imbalan Pasti / Remeasurement of defined
                                                                                                   (19.658)      (10.356)                  -9.302           89,82%
 benefit program
 Pajak Penghasilan Terkait / Related income tax                                                      4.325          2.278                      2.046        89,82%
 Jumlah Penghasilan Komprehensif Lain / Total Other Comprehensive
                                                                                                 (15.333)        (8.078)                   -7.255           89,82%
 Income


*) Disajikan kembali.                                                               *) Restated.



JUMLAH PENGHASILAN KOMPREHENSIF TAHUN BERJALAN                                      TOTAL COMPREHENSIVE INCOME FOR THE YEAR
Jumlah penghasilan komprehensif tahun berjalan yang                                 Total comprehensive income for the year calculated based on
dihitung berdasarkan akumulasi dari laba tahun berjalan                             the accumulation of profit for the current year and total other
dan jumlah penghasilan komprehensif lain pada 2023 adalah                           comprehensive income in 2023 is Rp106.24 billion. This figure
sebesar Rp106,24 miliar. Angka tersebut menunjukkan                                 shows an increase of Rp3 7 billion or 53.44% compared to the
peningkatan Rp37 miliar atau 53,44% dibandingkan dengan                             previous year at Rp69.24 billion.
tahun sebelumnya yang sebesar Rp69,24 miliar.




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                       Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik                 Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis         Good Corporate Governance                        Corporate Social and Environmental Responsibility




                                                                                                                                         Tinjauan Keuangan
                                                                                                                                         Financial Overview



LAPORAN ARUS KAS KONSOLIDASIAN                                                        CONSOLIDATED STATEMENT OF CASH FLOW
Arus Kas Konsolidasian 2022-2023                                                      Consolidated Cash Flow in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                         In millions of rupiah, unless otherwise stated.
                                                                                                                                                      Perubahan / Changes
                            Uraian / Description                                                     2023                   2022                                       Persentase /
                                                                                                                                                   Nominal
                                                                                                                                                                        Percentage
Arus Kas dari Aktivitas Operasi / Cash Flow from Operating Activities                                  296.498                 400.926                  -104.428            -26,05%
Arus Kas dari Aktivitas Investasi / Cash Flow from Investing Activities                               (102.976)                 (52.646)                 -50.330            95,60%
Arus Kas dari Aktivitas Pendanaan / Cash Flow from Financing Activities                                (617.976)               (310.100)                -307.876            99,28%
(Penurunan) Kenaikan Bersih Kas dan Setara Kas / Net Increase
                                                                                                     (424.454)                    38.180                -462.634           -1211,73%
(Decrease) in Cash and Cash Equivalents
Pengaruh Perubahan Selisih Kurs terhadap Kas dan Setara Kas / Effects
                                                                                                            (77)                        35                      -112      -320,59%
Of Foreign Exchange Rate Changes On Cash And Cash Equivalents
Kas dan Setara Kas Awal Tahun / Cash and Cash Equivalents at Beginning
                                                                                                       522.918                 484.704                      38.214            7,88%
of the Year
Kas dan setara Kas Akhir Tahun / Cash and Cash Equivalents at End of
                                                                                                        98.387                  522.918                 -424.531            -81,19%
the Year



Uraian laporan arus kas konsolidasian Perusahaan tahun 2023                           A description of the Company's consolidated statement of
beserta perbandingan dengan tahun 2022 serta penjelasan                               cash flow for 2023 along with a comparison with 2022 as well
tentang   penyebab       adanya         perubahan           dan   penyebab            as an explanation of the causes of changes and the causes of
perubahan tersebut adalah sebagai berikut.                                            these changes is as follows.


ARUS KAS DARI AKTIVITAS OPERASI                                                       CASH FLOW FROM OPERATING ACTIVITIES
Arus Kas dari Aktivitas Operasi 2022-2023                                             Cash Flow from Operating Activities in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                         In millions of rupiah, unless otherwise stated.
                                                                                                                                                      Perubahan / Changes
                            Uraian / Description                                                     2023                   2022                                       Persentase /
                                                                                                                                                   Nominal
                                                                                                                                                                        Percentage
Penerimaan Kas dari Pelanggan / Receipt from customers                                                1.818.977              2.170.839                   -351.862           -16,21%
Pembayaran Kas kepada Pemasok / Payments to suppliers                                                (1.231.223)           (1.453.628)                   222.405            -15,30%
Pembayaran Kas kepada Karyawan / Payments to employees                                                (188.228)               (166.582)                   -21.646            12,99%
Pembayaran Bunga Keuangan / Payment of finance interest                                               (106.847)               (162.930)                    56.083           -34,42%
Penerimaan Bunga / Interest income receipt                                                                5.416                    11.831                   -6.414          -54,22%
Penerimaan Restitusi Pajak / Receipt from tax refunds                                                     2.295                     1.922                       374          19,44%
Pembayaran Pajak Penghasilan / Payment corporate of income tax                                          (3.894)                     (526)                   -3.368         639,92%
Arus Kas Bersih Diperoleh dari Aktivitas Operasi / Net Cash Flow from
                                                                                                       296.498                 400.926                 -104.428            -26,05%
Operating Activities



Perusahaan membukukan penurunan arus kas bersih yang                                  The Company recorded a decrease in net cash flow obtained
diperoleh dari aktivitas operasi sejumlah Rp104,43 miliar atau                        from operating activities amounting to Rp104.43 billion or
26,05%, dari Rp400,93 miliar pada 2022 menjadi Rp296,50                               26.05%, from Rp400.93 billion in 2022 to Rp296.50 billion in
miliar pada 2023. Penurunan tersebut terutama disebabkan                              2023. This decrease was mainly caused by a decrease in cash
oleh penurunan penerimaan kas dari pelanggan khususnya                                receipts from customers, especially to related parties in line
kepada pihak berelasi seiring dengan peningkatan piutang                              with the increase in trade receivables from related parties.
usaha pihak berelasi.




                                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile           Overview on Business Supports




Tinjauan Keuangan
Financial Overview



ARUS KAS DARI AKTIVITAS INVESTASI                                             CASH FLOW FROM INVESTING ACTIVITIES
Arus Kas dari Aktivitas Investasi 2022-2023                                   Cash Flow from Investing Activities in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                 In millions of rupiah, unless otherwise stated.
                                                                                                                                   Perubahan / Changes
                            Uraian / Description                                       2023               2022                                       Persentase /
                                                                                                                                Nominal
                                                                                                                                                      Percentage
Pembelian Aset Tetap / Acquisition of Fixed Assets                                         (37.537)          (20.048)                  -17.489             87,23%
Pembelian Aset Tidak Berwujud / Purchase of Intangible Assets                               (5.567)             (4.433)                     -1.134         25,58%
Aset dalam Pembangunan / Construction in Progress                                         (59.873)            (28.312)                  -31.561            111,48%
Penjualan Aset Tetap / Sales of Fixed Assets                                                         -              147                      -147        -100,00%
Arus Kas Bersih Digunakan untuk Aktivitas Investasi / Net Cash Flow
                                                                                        (102.976)           (52.646)                  -50.330              95,60%
for Investing Activities



Arus kas bersih Perusahaan untuk aktivitas investasi                          The Company's net cash flow for investment activities
mengalami peningkatan Rp50,33 miliar atau 95,60%, dari                        increased by Rp50.33 billion or 95.60%, from Rp52.65 billion
Rp52,65 miliar pada 2022 menjadi Rp102,98 pada 2023.                          in 2022 to Rp102.98 in 2023. This increase was mainly due
Peningkatan tersebut terutama disebabkan oleh pembayaran                      to investment payments through trade debts in 2022 which
investasi melalui utang usaha di tahun 2022 yang baru di                      were only recently paid. in 2023.
bayarkan di tahun 2023.


ARUS KAS DARI AKTIVITAS PENDANAAN                                             CASH FLOW FROM FINANCING ACTIVITIES
Arus Kas dari Aktivitas Pendanaan 2022-2023                                   Cash Flow from Financing Activities in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                 In millions of rupiah, unless otherwise stated.
                                                                                                                                 Perubahan / Changes
                          Uraian / Description                                     2023                  2022                                        Persentase /
                                                                                                                              Nominal
                                                                                                                                                      Percentage
Penerimaan Pinjaman Bank / Receipt of bank loan                                        901.425                       -               901.425                        -
Pembayaran Pinjaman Bank / Payment of bank loan                                   (1.496.987)            (296.892)               -1.200.094              404,22%
Pembayaran Dividen / Payment of dividends                                              (18.965)                      -                -18.965                       -
Pembayaran Liabilitas Sewa / Payment of lease liabilities                               (3.449)            (13.208)                     9.759             -73,88%
Arus Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas
                                                                                     (617.976)            (310.100)                -307.876                99,28%
Pendanaan / Net Cash Flow from (for) Financing Activities



Perusahaan membukukan peningkatan arus kas bersih yang                        The Company recorded an increase in net cash flow used for
digunakan untuk aktivitas pendanaan sejumlah Rp307,88                         financing activities amounting to Rp307.88 billion or 99.28%,
miliar atau 99,28%, dari Rp310,10 miliar pada 2022 menjadi                    from Rp310.10 billion in 2022 to Rp617.98 billion. This increase
Rp617,98 miliar. Peningkatan tersebut secara total disebabkan                 was mainly due to an accelerated principal payments on
oleh pembayaran pokok percepatan kredit sindikasi dalam                       syndicated loans for refinancing of Rp442 billion and routine
rangka refinancing sebesar Rp442 miliar dan pembayan rutin                    principal payments on syndicated loans of Rp100 billion.
pokok kredit sindikasi sebesar Rp100 miliar.




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                     Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis      Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                                        Tinjauan Keuangan
                                                                                                                        Financial Overview



KENAIKAN (PENURUNAN) BERSIH KAS DAN SETARA KAS                                   INCREASE (DECREASE) IN NET CASH AND CASH
                                                                                 EQUIVALENTS
Kenaikan atau penurunan bersih kas dan setara kas                                The net increase or decrease in cash and cash equivalents is
merupakan akumulasi atas arus kas dari aktivitas operasi,                        the accumulation of cash flow from operating activities, cash
arus kas dari aktivitas investasi, dan arus kas dari aktivitas                   flow from investing activities, and cash flow from financing
pendanaan. Pada 2023, Perusahaan mencatatkan penurunan                           activities. In 2023, the Company recorded a net decrease in
bersih kas dan setara kas sebesar Rp424,45 miliar, turun                         cash and cash equivalents of Rp424.45 billion, a decrease of
Rp462,63    miliar   atau     1.211,73%,          dibandingkan    tahun          Rp462.63 billion or 1,211.73 %, compared to the previous year
sebelumnya dengan kenaikan bersih kas dan setara kas                             with a net increase in cash and cash equivalents of Rp38.18
yang sebesar Rp38,18 miliar. Adanya penurunan bersih kas                         billion. The decrease in 2023 was due to an accelerated
dan setara kas pada 2023 secara total disebabkan total oleh                      principal payments on syndicated loans for refinancing of
pembayaran pokok percepatan kredit sindikasi dalam rangka                        Rp442 billion and routine principal payments on syndicated
refinancing sebesar Rp442 miliar.                                                loans of Rp100 billion.


PENGARUH PERUBAHAN SELISIH KURS TERHADAP KAS                                     EFFECTS OF FOREIGN EXCHANGE RATE CHANGES ON CASH
DAN SETARA KAS                                                                   AND CASH EQUIVALENTS
Pada 2023, pengaruh perubahan selisih kurs terhadap kas                          In 2023, the effect of changes in exchange rate differences
dan setara kas Perusahaan adalah sebesar minus Rp76,83                           on the Company's cash and cash equivalents was at minus
juta, mengalami perubahan dengan selisih Rp111,66 juta                           Rp76.83 million, experiencing a difference of Rp111.66 million
atau 320,59% dibandingkan tahun sebelumnya yang sebesar                          or 320.59 % compared to the previous year at Rp34.83 million.
Rp34,83 juta. Perubahan tersebut terutama dipengaruhi                            These changes were mainly influenced by changes in foreign
oleh perubahan nilai kurs mata uang asing atas saldo giro                        currency exchange rates on the Company's current account
perusahaan.                                                                      balance.


KAS DAN SETARA KAS AWAL TAHUN                                                    CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE
                                                                                 YEAR
Kas dan setara kas Perusahaan pada awal tahun 2023 adalah                        The Company's cash and cash equivalents at the beginning
sebesar Rp522,92 miliar, mengalami peningkatan Rp38,21                           of 2023 amounted to Rp522.92 billion, an increase of Rp38.21
miliar atau 7,88% dibandingkan kas dan setara kas awal                           billion or 7.88 % compared to cash and cash equivalents at
tahun sebelumnya yang sebesar Rp484,70 miliar. Perubahan                         the beginning of the previous year at Rp484.70 billion. These
tersebut terutama dipengaruhi oleh kenaikan bersih kas dan                       changes are mainly influenced by the net increase in cash and
setara kas ditahun 2022 sebesar Rp38 miliar.                                     cash equivalents in 2022 of Rp38 billion.


KAS DAN SETARA KAS AKHIR TAHUN                                                   CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
Kas dan setara kas Perusahaan pada akhir tahun 2023,                             The Company's cash and cash equivalents at the end of 2023
tercatat sebesar Rp98,39 miliar, mengalami penurunan                             were recorded at Rp98.39 billion, a decrease of Rp424.53
Rp424,53 miliar atau -81,19%, dibandingkan kas dan setara                        billion or -81.19%, compared to that of 2022 at Rp522.92
kas Perusahaan pada akhir tahun 2022 yang sebesar                                billion. This decrease was caused by accelerated payments of
Rp522,92 miliar. Penurunan ini disebabkan oleh pembayaran                        syndicated credit principal in the context of refinancing SLL
percepatan pokok kredit sindikasi dalam rangka refinancing                       Syndicated Loans amounting to Rp442 billion.
Kredit Sindikasi SLL sebesar Rp442 miliar.




                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile       Overview on Business Supports




Tinjauan Keuangan
Financial Overview



INFORMASI KEUANGAN PENTING LAINNYA                                            OTHER KEY FINANCIAL INFORMATION
RASIO PROFITABILITAS                                                          PROFITABILITY RATIO
Rasio profitabilitas merupakan rasio yang digunakan untuk                     The profitability ratio used to determine the Company's
mengetahui kemampuan Perseroan dalam mendapatkan laba                         ability to obtain profits from income related to sales, assets
(profit) dari pendapatan (earning) terkait penjualan, aset, dan               and equity, based on certain measurement bases. Types
ekuitas, berdasarkan dasar pengukuran tertentu. Jenis-jenis                   of profitability ratios are used to show how much profit or
rasio profitabilitas dipakai untuk memperlihatkan seberapa                    profit is obtained from the Company's performance, with the
besar laba atau keuntungan yang diperoleh dari kinerja                        following description:
Perusahaan, dengan uraian sebagai berikut:


Rasio Profitabilitas 2022-2023                                                Profitability Ratio in 2022-2023
Dalam persen.                                                                 In percent.
                       Uraian / Description                                      2023                       2022                        Perubahan / Changes
Gross Profit Margin                                                                32                          41                               -9
Operating Profit Margin                                                            13                          13                               0
Net Profit Margin                                                                   6                          4                                2
EBITDA Margin                                                                      24                         23                                 1
Net Profit to Equity Ratio                                                        3,8                         2,5                               1,3
Net Profit to Asset                                                               2,5                         1,5                                1


Gross profit margin Perusahaan mengalami perubahan,                           The Company's gross profit margin has changed, from 41% in
dari di tahun sebelumnya yang sebesar 41% menjadi 32% di                      the previous year to 32% in 2023. This was due to an increase
tahun 2023. Hal ini dikarenakan peningkatan beban pokok                       in cost of revenue from an increase in the average price of
penjualan dikarenakan peningkatan harga rata-rata bahan                       raw materials and fuel. The Company's operating profit
baku dan bahan bakar. Operating profit margin Perusahaan                      margin has not changed, from 13% in the previous year to 13%
tidak mengalami perubahan, dari sebesar 13% pada tahun                        in 2023. This was caused by a decrease in operating expenses
sebelumnya menjadi 13% di tahun 2023. Hal ini disebabkan oleh                 due to the majority of the decrease in costs occurring in
penurunan beban usaha dikarenakan mayoritas penurunan                         the workforce due to organizational restructuring from the
biaya terjadi di tenaga kerja dengan adanya restrukturisasi                   marketing unit to the production unit.
organisasi dari unit pemasaran ke unit produksi.


Sementara itu, net profit margin Perusahaan yang pada tahun                   Meanwhile, the Company's net profit margin, which was
sebelumnya tercatat 4% mengalami perubahan menjadi 6%                         recorded at 4% in the previous year, has changed to 6% in
pada 2023. Hal tersebut disebabkan adanya penurunan beban                     2023. This is due to a decrease in finance expense caused
keuangan yang disebabkan oleh penurunan beban bunga                           by a decrease in syndicated loan interest expenses. Changes
kredit sindikasi, Perubahan juga terjadi pada EBITDA margin,                  also occurred in the EBITDA margin, compared to the
dari pada tahun sebelumnya yang sebesar 23% menjadi                           previous year which was by 23% to 24% in 2023. This is due to
sebesar 24% pada 2023. Hal ini disebabkan peningkatan                         an increase in the Company's operating profit. The Company's
laba usaha Perusahaan. Net profit to equity ratio Perusahaan                  net profit to equity ratio has changed, from 2.5% in 2022 to
mengalami perubahan, dari 2,5% pada 2022 menjadi 3,8%                         3.8% in 2023. The Company's net profit to assets in 2023 is
pada 2023. Net profit to asset Perusahaan pada 2023 adalah                    2.5%, experiencing a change from 1.5% in 2022. This was
sebesar 2,5%, mengalami perubahan dari sebesar 1,5% pada                      influenced by an increase in the Company's net profit.
2022. Hal ini dipengaruhi adanya peningkatan net profit
Perusahaan.




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                         Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                         Management Discussion and Analysis   Good Corporate Governance                   Corporate Social and Environmental Responsibility




                                                                                                                                Tinjauan Keuangan
                                                                                                                                Financial Overview



RASIO KONDISI KEUANGAN                                                            FINANCIAL CONDITION RATIOS
Rasio kondisi keuangan merupakan rasio yang digunakan                             The       financial      condition            ratio       provides          investors     or
untuk memberikan gambaran pada investor atau para                                 shareholders with an overview of the Company's financial
pemegang saham atas kondisi keuangan Perusahaan, baik                             condition, both short-term and long-term conditions. The
kondisi jangka pendek maupun jangka panjang. Rasio kondisi                        short-term financial condition ratio shows the Company's
keuangan jangka pendek memperlihatkan kemampuan                                   ability to meet short-term liabilities. Meanwhile, the long-
Perusahaan dalam memenuhi kewajiban jangka pendek.                                term financial condition ratio is related to the Company's
Sementara itu, rasio kondisi keuangan jangka panjang                              ability to maintain business continuity, by fulfilling long-term
berkaitan dengan kemampuan Perusahaan dalam menjaga                               obligations.
kelangsungan usaha, dengan memenuhi kewajiban-kewajiban
jangka panjang.


Rasio-rasio kondisi keuangan Perusahaan dijabarkan sebagai                        The Company's financial condition ratios are described as
berikut:                                                                          follows:


Rasio Kondisi Keuangan 2022-2023                                                  Financial Condition Ratios in 2022-2023
Dalam kali.                                                                       In times.
                       Uraian / Description                                             2023                              2022                     Perubahan / Changes
                                          Kondisi Keuangan Jangka Pendek / Short Term Financial Conditions
Rasio Lancar / Current Ratio                                                                       1,12                                   1,68                        -0,56
Rasio Kas / Cash Ratio                                                                            0,13                                   0,89                         -0,76
                                          Kondisi Keuangan Jangka Panjang / Long Term Financial Condition
Total Asset to Total Debt                                                                         2,87                                   2,42                         0,45
Total Debt to Total Equity                                                                        0,54                                   0,70                         -0,16
Total Debt to Total Fixed Assets                                                                  0,43                                   0,53                             -0,1
Longterm Debt to Equity                                                                           0,30                                    0,51                        -0,21
Net Debt to EBITDA                                                                                3,29                                   3,82                         -0,53
Weighted Average Cost of Capital (WACC)                                                           0,10                                   0,09                             0,01


Rasio kondisi keuangan jangka pendek (likuiditas) Perusahaan                      he Company's short-term financial condition (liquidity) ratio
diukur menggunakan rasio kas serta rasio lancar dengan hasil                      is measured using the cash ratio and current ratio with the
pada 2023 masing-masing adalah 0,13x dan 1,12x, dibanding                         results in 2023 at 0.13x and 1.12x respectively, compared to
pada tahun sebelumnya yang masing-masing sebesar 0,89x                            the previous year which were 1.72x and 0.89x respectively.
dan 1,68x. Perolehan tersebut memperlihatkan kemampuan                            This achievement shows an ability that require improvement
yang kurang baik dalam memenuhi kewajiban jangka pendek                           to meet short-term obligations compared to the previous
dibanding pada tahun sebelumnya.                                                  year.


Rasio solvabilitas menunjukkan kemampuan Perusahaan                               The solvency ratio shows the Company's ability to fulfill
dalam memenuhi kewajiban-kewajiban jangka panjang. Pada                           long-term obligations. In 2023, the Company's solvency ratio
2023, rasio-rasio solvabilitas Perusahaan memperlihatkan                          remained stable compared to the previous year. This can be
kemampuan yang cenderung stabil dibandingkan tahun                                seen, among others, through the ratio of total assets to total
sebelumnya. Hal ini terlihat antara lain melalui rasio total                      debt, which is still relatively good, namely 2.87x compared to
assets to total debt, yang masih relatif baik yaitu sebesar                       the previous year which was 2.45x.
2,87x dibanding pada tahun sebelumnya yang sebesar 2,42x.




                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
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                               Ikhtisar Kinerja           Laporan Manajemen      Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                               Performance Highlights     Management Report      Company Profile        Overview on Business Supports




Tinjauan Keuangan
Financial Overview



RASIO PENGUNGKIT                                                              Gearing Ratio
Rasio pengungkit (gearing ratio) merupakan rasio yang                         The gearing ratio measures the proportion of the Company’s
digunakan untuk memonitor modal Perusahaan, dengan                            interest-bearing loans to its total equity attributable to
membagi total pinjaman berdampak bunga dan total ekuitas                      owners of the parent entity. The Company aims to maintain
Perusahaan yang dapat diatribusikan kepada pemilik                            its gearing ratios within the range of leading companies in
entitas induk. Kebijakan Perusahaan adalah menjaga rasio                      Indonesia to ensure access to funding at a reasonable cost.
pengungkit dalam kisaran dari perusahaan terkemuka di
Indonesia untuk mengamankan akses terhadap pendanaan
pada biaya yang rasional.


Dalam jutaan rupiah, kecuali dinyatakan lain.                                 In millions of rupiah, unless otherwise stated.
                                                                                                                                Perubahan / Changes
                            Uraian / Description                                       2023           2022                                        Persentase /
                                                                                                                             Nominal
                                                                                                                                                   Percentage
Pinjaman Bank / Bank Loans                                                                772.370        1.356.714               -584.344              -43,07%
Liabilitas Sewa / Lease Liabilities                                                        119.386        120.450                        -1.064         -0,88%
Total Pinjaman yang Berdampak Bunga / Total Interest Affecting Loans                       891.756       1.477.164               -585.408              -39,63%
Total Ekuitas / Total Equity                                                             3.162.412      3.075.138                    87.274             2,84%
Rasio Pengungkit (kali) / Gearing Ratio (times)                                                0,28            0,48                      -0,20         -41,67%



Rasio pengungkit Perusahaan pada 2023 adalah sebesar                          The Company's gearing ratio in 2023 was at 0.28x, a decrease
0,28x, menurun 41,67% dibanding pada 2022 yang sebesar                        of 41. 67% compared to 2022 which was 0.48. This decrease
0,48. Penurunan ini memperlihatkan kondisi modal yang                         shows better capital conditions in 2023, compared to the
lebih baik pada 2023, dibanding pada tahun sebelumnya,                        previous year, which was influenced by the refinancing of
yang terutama disebabkan oleh penurunan pinjaman yang                         syndicated bank loans carried out in Quarter 1 of 2023.
berdampak bunga di tahun 2023 hal ini dipengaruhi oleh
refinancing pinjaman bank kredit sindikasi yang dilakukan di
Triwulan 1 Tahun 2023



Kemampuan Membayar Utang dan Tingkat Kolektibilitas Piutang
Ability to Pay Debts and Receivables Collectability Rate

KEMAMPUAN MEMBAYAR UTANG                                                      ABILITY TO PAY DEBT
Kemampuan Perusahaan dalam memenuhi seluruh kewajiban,                        The Company’s ability to meet all obligations, both short-
baik jangka pendek maupun jangka panjang, diukur melalui                      term and long-term, is measured through the liquidity ratio
rasio likuiditas dan rasio solvabilitas. Rasio likuiditas                     and solvency ratio. The liquidity ratio is used to measure the
digunakan untuk mengukur kemampuan Perusahaan dalam                           Company’s ability to pay off short-term obligations, while
melunasi kewajiban-kewajiban jangka pendek, sementara                         the solvency ratio is used to measure the Company’s ability
rasio solvabilitas digunakan untuk mengukur kemampuan                         to fulfill all of its obligations, including both short-term and
Perusahaan dalam memenuhi seluruh kewajibannya, baik                          long-term obligations. The Company is highly committed
kewajiban jangka pendek maupun kewajiban jangka panjang.                      to fulfilling creditors’ rights by making timely payments of
Perusahaan memiliki komitmen yang tinggi untuk memenuhi                       principal and interest.
hak-hak kreditur dengan melakukan pembayaran pokok
pinjaman dan bunganya secara tepat waktu.




298        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                       Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik                 Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis   Good Corporate Governance                        Corporate Social and Environmental Responsibility




                                                                                                                                   Tinjauan Keuangan
                                                                                                                                   Financial Overview



KEMAMPUAN PERUSAHAAN DALAM MEMBAYAR UTANG                                       ABILITY TO PAY SHORT-TERM DEBT BASED ON LIQUIDITY
JANGKA PENDEK BERDASARKAN RASIO LIKUIDITAS                                      RATIO
Untuk mengetahui kemampuan dalam memenuhi kewajiban                             The Company’s ability to fulfill short-term obligations that will
jangka pendek yang akan jatuh tempo, Perusahaan                                 mature is measured using a liquidity ratio, which is calculated
menggunakan rasio likuiditas yang diukur menggunakan rasio                      based on the current ratio and cash ratio. The current ratio
lancar (current ratio) dan rasio kas (cash ratio). Rasio lancar                 compares the Company’s current assets with its current
merupakan perbandingan antara aset lancar dengan liabilitas                     liabilities, while the cash ratio compares the Company’s cash
jangka pendek, sementara rasio kas dihitung berdasarkan                         and cash equivalents with its current liabilities.
perbandingan antara kas dan setara kas dengan liabilitas
jangka pendek.


Kemampuan Perusahaan dalam memenuhi utang jangka                                The Company’s liquidity ratio and its comparison over the last
pendek yang diukur berdasarkan rasio likuiditas, beserta                        2 (two) years for measuring its ability to pay short-term debt
perbandingannya selama 2 (dua) tahun terakhir, dapat dilihat                    are as follows.
pada tabel berikut:


Kinerja Likuiditas 2022-2023                                                    Liquidity Performance in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                   In millions of rupiah, unless otherwise stated.
                                                                                                                                                Perubahan / Changes
                            Uraian / Description                                               2023                   2022                                       Persentase /
                                                                                                                                             Nominal
                                                                                                                                                                  Percentage
Kas dan Setara Kas / Cash and Cash Equivalents                                                   98.387                   522.918                 -424.531            -81,19%
Aset Lancar / Current Assets                                                                    816.846                   990.295                 -173.449             -17,51%
Liabilitas Jangka Pendek / Current Liabilities                                                  731.493                   588.139                   143.354            24,37%
Rasio Likuiditas / Liquidity Ratio
Rasio Lancar (kali) / Current Ratio                                                                   1,12                      1,68
Rasio Kas (kali) / Cash Ratio                                                                         0,13                     0,89



Seperti yang terlihat pada tabel di atas, rasio lancar                          As seen in the table above, the Company's current ratio in
Perusahaan pada 2023 adalah sebesar 1,12 kali, mengalami                        2023 was 1.12 times, a decrease of 0.56 points compared
penurunan 0,56 poin dibandingkan dengan pada tahun                              to the previous year which was 1.68 times. Meanwhile, the
sebelumnya yang sebesar 1,68 kali. Sementara itu, rasio kas                     Company's cash ratio in 2023 was 0.13 times, a decrease of
Perusahaan pada 2023 adalah sebesar 0,13 kali, mengalami                        0.75 points compared to the previous year which was 0.89
penurunan 0,75 poin dibanding pada tahun sebelumnya                             times. The acquisition of these ratios was influenced by the
yang sebesar 0,89 kali. Perolehan rasio-rasio tersebut                          decrease in cash and cash equivalents in 2023 which was
dipengaruhi oleh Penurunan kas dan setara kas ditahun 2023                      caused by the Company accelerating the principal payment of
yang disebabkan oleh perusahaan melakukan percepatan                            syndicated loans amounting to Rp442 billion for refinancing.
pembayaran pokok pinjaman kredit sindikasi sebesar Rp442
miliar dalam rangka refinancing.


Perubahan yang terjadi terhadap rasio likuiditas Perusahaan                     The changes that occurred in the Company's liquidity ratio in
pada 2023 dibanding tahun sebelumnya memperlihatkan                             2023 compared to the previous year show that the Company’s
bahwa Perusahaan tetap memiliki kemampuan yang baik                             ability to pay its debts remains relatively good.
dalam memenuhi utang.




                                                                                                                  2023 Annual Report ∙ PT Semen Baturaja Tbk
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                               Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                               Performance Highlights       Management Report      Company Profile        Overview on Business Supports




Tinjauan Keuangan
Financial Overview



KEMAMPUAN PERUSAHAAN DALAM MEMBAYAR                                             COMPANY'S ABILITY TO PAY SHORT-TERM AND LONG-TERM
UTANG JANGKA PENDEK MAUPUN JANGKA PANJANG                                       DEBT BASED ON SOLVENCY RATIO
BERDASARKAN RASIO SOLVABILITAS
Perusahaan menggunakan rasio solvabilitas untuk mengukur                        The Company uses the solvency ratio to measure its ability to
kemampuan Perusahaan dalam membayar kewajiban jangka                            pay off short-term and long-term obligations that will mature.
pendek maupun jangka panjang, yang akan jatuh tempo.                            Below is a description of the company’s ability to pay off both
Adapun kemampuan Perusahaan dalam membayar utang                                short-term and long-term debts as measured by the solvency
jangka pendek maupun utang jangka panjang yang diukur                           ratio, and a comparison of this ratio in the last 2 (two) years.
berdasarkan rasio solvabilitas, dan perbandingannya dalam
2 (dua) tahun terakhir, adalah sebagaimana diuraikan berikut
ini.


Kinerja Solvabilitas 2022-2023                                                  Solvency Performance in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                   In millions of rupiah, unless otherwise stated.
                                                                                                                              Perubahan / Changes
                            Uraian / Description                                   2023                2022                                     Persentase /
                                                                                                                            Nominal
                                                                                                                                                 Percentage
 Jumlah Aset / Total Assets                                                         4.856.731          5.242.725                   -385.994           -7,36%
 Jumlah Liabilitas / Total Liabilities                                              1.694.318          2.167.587                    -473.269         -21,83%
 Jumlah Ekuitas / Total Equity                                                      3.162.412          3.075.138                       87.274         2,84%
 EBITDA                                                                               484.872           430.445                        54.427         12,64%
 Utang Berbunga / Interest Debt                                                       943.194          1.526.089                   -582.895          -38,20%
 Beban Bunga / Interest Expense                                                        98.530           162.680                       -64.150        -39,43%
 Rasio Solvabilitas / Solvability Ratio
 Debt to Equity Ratio (kali / times)                                                       0,54               0,70
 Interest Bearing Debt to Invested Capital Ratio (kali / times)                            0,29               0,49
 Interest Coverage Ratio (kali / times)                                                    4,37               2,98



Pada tabel di atas terlihat bahwa total debt to equity ratio                    According to the aforementioned table, the total debt to
(DER) Perusahaan pada 2023 adalah sebesar 0,54 kali,                            equity ratio (DER) in 2023 was at 0.54 times, or a decrease
atau mengalami penurunan 0,16 poin dibandingkan dengan                          of 0.16 points compared to the previous year which was 0.70
pada tahun sebelumnya yang sebesar 0,70 kali. Interest                          times. The Company's interest bearing debt to invested capital
bearing debt to invested capital ratio Perusahaan mengalami                     ratio decreased by 0.2 points, from 0.49 times in 2022 to 0.29
penurunan 0,2 poin, dari 0,49 kali pada 2022 menjadi 0,29 kali                  times in 2023. Meanwhile, the Company's interest coverage
pada 2023. Sementara itu, interest coverage ratio Perusahaan                    ratio in 2023 was recorded at 4.37 times, an increase of 1. 38
pada 2023 tercatat mencapai 4,37 kali, mengalami kenaikan                       points compared to the previous year which was 2.98 times.
1,38 poin dibandingkan dengan tahun sebelumnya yang
sebesar 2,98 kali.


Perubahan yang terjadi terhadap rasio solvabilitas Perusahaan                   The changes that occurred in the Company's solvency ratio in
pada 2023 dibanding 2022 tersebut menunjukkan bahwa                             2023 compared to 2022 suggest that the Company is capable
Perusahaan tetap mampu melunasi seluruh kewajibannya,                           of fulfilling its obligations, both short-term and long-term,
baik dalam jangka pendek maupun jangka panjang, dengan                          with its owned assets as collateral.
jaminan aktiva yang dimiliki.




300          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                      Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis   Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                                       Tinjauan Keuangan
                                                                                                                       Financial Overview



TINGKAT KOLEKTIBILITAS PIUTANG                                                 RECEIVABLES COLLECTABILITY RATE
Tingkat kolektibilitas piutang mengacu pada kemampuan                          Receivables collectability rate refers to the Company's
Perusahaan dalam mengumpulkan piutangnya, yang diukur                          ability to collect its receivables, which can be calculated
berdasarkan penghitungan periode penagihan (collection                         using the collection period or the average collection period.
period) atau jangka waktu rata-rata penagihan. Dalam hal ini,                  The collection period is influenced by the Company’s trade
periode penagihan dipengaruhi oleh jumlah piutang usaha                        receivables amount and net income. As a general principle,
dan jumlah pendapatan bersih Perusahaan. Pada prinsipnya,                      the Company aims to reduce its trade receivables and
Perusahaan senantiasa berupaya untuk terus menekan                             maintain a high level of receivables collectability.
jumlah piutang usaha dan menjaga tingkat kolektibilitas
piutangnya.


Tingkat kolektibilitas piutang Perusahaan yang diukur                          The level of collectability of the Company's receivables as
berdasarkan collection period pada 2023 dibanding pada                         measured based on the collection period in 2023 compared
2022 dapat dilihat pada tabel di bawah ini:                                    to 2022 can be seen in the table below:


Tingkat Kolektibilitas Piutang 2022-2023                                       Receivables Collectability Rate in 2022-2023
                      Uraian / Description                                           2023                       2022                     Perubahan / Changes
Pendapatan Bersih terhadap Rata-Rata Piutang Usaha (kali) / Net
                                                                                      4,42                       9,25                               -4,83
Revenue to Average Trade Receivables (times)
Jangka Waktu Rata-Rata Penagihan (hari) / Average Billing
                                                                                       83                         43                                 40
Period (days)



Sesuai tabel di atas, pendapatan bersih Perusahaan                             According to the table above, the Company's net income to
terhadap rata-rata piutang usaha pada 2023 adalah sebesar                      average trade receivables in 2023 was 4.42 times, a decrease
4,42 kali, mengalami penurunan 4,83 poin dibandingkan                          of 4.83 points compared to the previous year which was
dengan tahun sebelumnya yang sebesar 9,25 kali. Hal ini                        9.25 times. This shows an increase in the average trade
memperlihatkan peningkatan rata-rata piutang usaha pada                        receivables in 2023. Meanwhile, the average collection period
tahun 2023. Adapun, jangka waktu rata-rata penagihan atau                      or level of collectability of the Company's receivables in 2023
tingkat kolektibilitas piutang Perusahaan pada 2023 adalah                     is 83 days, higher than in the previous year which was 43 days.
sejumlah 83 hari, lebih tinggi dibandingkan dengan pada                        This shows that receivables collection takes an average of 83
tahun sebelumnya yang sejumlah 43 hari. Hal ini menunjukkan                    days.
penagihan piutang rata-rata mencapai 83 hari.


Piutang usaha Perusahaan pada 2023 dibandingkan dengan                         The Company's trade receivables in 2023 compared to the
tahun sebelumnya berdasarkan umur piutang, dapat dilihat                       previous year based on its maturity can be seen as follows:
pada tabel berikut:




                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                 Ikhtisar Kinerja          Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                                 Performance Highlights    Management Report      Company Profile      Overview on Business Supports




Tinjauan Keuangan
Financial Overview



Umur Piutang Usaha 2022-2023                                                   Trade Receivables Maturity in 2022-2023
Dalam jutaan rupiah, kecuali dinyatakan lain.                                  In millions of rupiah, unless otherwise stated.
                                                                                                                               Perubahan / Changes
                             Uraian / Description                                       2023           2022                                  Persentase /
                                                                                                                            Nominal
                                                                                                                                              Percentage
Belum Jatuh Tempo / Not Yet Due                                                             156.225        69.237                   86.988        125,64%
Jatuh Tempo: / Overdue:
1 Hari - 45 Hari / 1 – 45 days                                                              199.437         12.218                 187.219      1.532,33%
46 Hari - 135 Hari / 46 – 135 Days                                                            71.238          7.418                 63.819        860,31%
135 Hari - 365 Hari / 135 – 365 Days                                                           7.920       62.795                 -54.876         -87,39%
> 365 Hari / > 365 Days                                                                    349.301        410.750                  -61.449        -14,96%
Subjumlah / Subtotal                                                                       784.120        562.418                 221.702         39,42%
Cadangan Penurunan Nilai Piutang Usaha / Allowance for Impairment of
                                                                                          (325.151)     (357.881)                   32.730         -9,15%
Trade Receivables
Total Piutang / Total Trade Receivables                                                   458.969        204.537                 254.432         124,39%



Sesuai tabel di atas, total piutang Perusahaan adalah sebesar                  ccording to the table above, the Company's total receivables
Rp458,97 miliar pada 2023, meningkat Rp254,43 miliar atau                      was at Rp458.97 billion in 2023, an increase of Rp254.43
124,39%, dibandingkan tahun sebelumnya yang sebesar                            billion or 124.39 %, compared to the previous year at
Rp204,54 miliar. Dari total piutang tersebut, jumlah piutang                   Rp204.54 billion. Of the total receivables, the amount of trade
usaha yang belum jatuh tempo pada 2023 adalah sejumlah                         receivables that are not yet due in 2023 is Rp156.22 billion,
Rp156,22 miliar, mengalami peningkatan Rp86,99 miliar atau                     an increase of Rp86.99 billion or 125.64 % compared to the
125,64% dibandingkan pada tahun sebelumnya yang sebesar                        previous year at Rp69.24 billion.
Rp69,24 miliar.


Piutang usaha dengan jatuh tempo 1-45 hari Perusahaan                          The Company's trade receivables with maturity of 1-45 days
adalah sebesar Rp199,44 miliar di tahun 2023, mengalami                        amounted to Rp199.44 billion in 2023, an increase of Rp187.22
peningkatan Rp187,22 miliar atau 1.532,33%, dibandingkan                       billion or 1,532.33%, compared to the previous year at Rp12.22
tahun sebelumnya yang sebesar Rp12,22 miliar. Piutang                          billion. Trade receivables with maturity of 46-135 days were
usaha dengan jatuh tempo 46-135 hari tercatat sebesar                          recorded at Rp71.24 billion in 2023, an increase of Rp63.82
Rp71,24 miliar pada 2023, mengalami peningkatan Rp63,82                        billion or 860.31 % compared to the previous year at Rp7.42
miliar atau 860,31% dibandingkan tahun sebelumnya yang                         billion. Trade receivables with maturity of 135-365 days
sebesar Rp7,42 miliar. Piutang usaha dengan jatuh tempo 135-                   amounted to Rp7.92 billion in 2023, a decrease of Rp54.88
365 hari adalah sebesar Rp7,92 miliar pada 2023, mengalami                     billion or 87.39 %, compared to the previous year at Rp62.80
penurunan Rp54,88 miliar atau 87,39%, dibandingkan tahun                       billion. Trade receivables with a maturity of more than 365
sebelumnya yang sebesar Rp62,80 miliar. Piutang usaha                          days were recorded at Rp349.30 billion in 2023, a decrease
dengan jatuh tempo lebih dari 365 hari tercatat sebesar                        of Rp61.45 billion or 14.96 %, compared to the previous year
Rp349,30 miliar pada 2023, mengalami penurunan Rp61,45                         at Rp410.75 billion.
miliar atau 14,96%, dibandingkan tahun sebelumnya yang
sebesar Rp410,75 miliar.




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                        Management Discussion and Analysis               Good Corporate Governance                       Corporate Social and Environmental Responsibility




                                                                                                                                               Tinjauan Keuangan
                                                                                                                                               Financial Overview



Adapun, cadangan penurunan nilai piutang usaha pada 2022                                     Meanwhile, the allowance for impairment of trade receivables
dan 2023 adalah sebesar minus Rp325,16 miliar dan minus                                      in 2022 and 2023 is minus Rp325.16 billion and minus Rp357.88
Rp357,88 miliar. Manajemen berkeyakinan bahwa cadangan                                       billion. Management believes that the reserves established
yang dibentuk adalah cukup dan memadai untuk menutupi                                        are sufficient and sufficient to cover the decline in value of
penurunan nilai dari piutang usaha Perusahaan.                                               the Company's trade receivables.



Struktur Modal dan Kebijakan Manajemen Atas Struktur Modal
Capital Structure and Management Policy on Capital Structure

Perusahaan melakukan pengelolaan modal dengan tujuan                                         The Company carries out capital management with the aim of
untuk memastikan terjaganya rasio modal yang sehat                                           ensuring that a sound capital ratio is maintained to support
dalam rangka mendukung usaha dan memaksimalkan                                               the business and maximize benefits for shareholders and
imbalan bagi pemegang saham dan pemangku kepentingan.                                        stakeholders. The Company, through the Board of Directors,
Perusahaan melalui Direksi menerapkan kebijakan untuk                                        implements policies to maintain a strong capital base as
mempertahankan basis modal yang kuat sebagai upaya                                           an effort to foster trust of stakeholders in the long term.
menjaga kepercayaan para pemangku kepentingan dalam                                          Management policy on capital structure is carried out by
jangka panjang. Kebijakan manajemen atas struktur modal                                      considering business conditions, rate of return on capital,
dilakukan dengan mempertimbangkan kondisi bisnis, tingkat                                    and dividends paid.
pengembalian modal, serta dividen yang dibagikan.


PERINCIAN STRUKTUR MODAL                                                                     DETAILS ON CAPITAL STRUCTURE
Dalam menjalankan usahanya, Perusahaan menetapkan                                            In running its business, the Company has established a capital
kebijakan struktur modal yang merupakan perimbangan                                          structure policy that balances liabilities and equity to achieve
antara liabilitas dan ekuitas, guna mencapai kombinasi                                       an optimal capital structure while maximizing the value of the
struktur modal yang optimal sehingga dapat memaksimalkan                                     Company. Details of the Company's capital structure in 2022
nilai Perusahaan. Perincian struktur modal Perusahaan pada                                   and 2023 can be seen in the following table:
2022 dan 2023 dapat dilihat pada tabel berikut:


Struktur Modal Semen Baturaja 2022-2023                                                      Semen Baturaja Capital Structure in 2022-2023
Dalam jutaan rupiah.                                                                         In millions of rupiah.

                                                                    2023                                            2022                                    Perubahan / Changes
          Uraian / Description
                                                                           Komposisi /                                       Komposisi /                                     Persentase /
                                                       Nominal                                         Nominal                                           Nominal
                                                                           Composition                                       Composition                                      Percentage
Liabilitas Jangka Pendek / Current
                                                              731.493                15,06%                   588.139                   11,22%                  143.354            24,37%
liabilities
Liabilitas Jangka Panjang / Non-
                                                              962.825                19,82%                 1.579.448                  30,13%                  -616.623           -39,04%
current liabilities
Jumlah Liabilitas / Total Liabilities                        1.694.318              34,89%                   2.167.587                 41,34%                 -473.269            -21,83%
Jumlah Ekuitas / Total Equity                                3.162.412                65,11%                3.075.138                  58,66%                    87.274             2,84%
Jumlah Aset / Total Assets                               4.856.731                 100,00%                  5.242.725                100,00%                 -385.994              -7,36%




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                             Ikhtisar Kinerja               Laporan Manajemen        Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report        Company Profile       Overview on Business Supports




Tinjauan Keuangan
Financial Overview




                                                      Komposisi Struktur Modal Perusahaan 2022-2023
                                                      The Company's Capital Structure Composition in 2022-2023



     11,22%                                                                         15,06%
                                                                58,66%                                                                      65,11%




                                 2022                                                                       2023
     30,13%                                                                         19,82%




              Jumlah Ekuitas /                                  Liabilitas Jangka Panjang /                        Liabilitas Jangka Pendek /
              Total Equity                                      Non-current liabilities                            Current liabilities


Sesuai tabel di atas, terdapat perubahan pada struktur modal                     Based on the table above, the Company's capital structure
Perusahaan berupa peningkatan persentase liabilitas jangka                       underwent a change in the form of an increase in the
pendek terhadap total liabilitas dan ekuitas, dari sebesar                       percentage of current liabilities to total liabilities and equity,
11,22% pada 2022 mengalami kenaikan menjadi sebesar                              from 11.22% in 2022 to an increase of 15.06% in 2023. The
15,06% pada 2023. Persentase liabilitas jangka panjang                           percentage of non-current liabilities to total liabilities and
terhadap total liabilitas dan ekuitas pada 2023 adalah                           equity in 2023 is 19.82%, a decrease compared to 2022 which
sebesar 19,82% mengalami penurunan dibanding pada 2022                           was 30.13%. Meanwhile, the percentage of equity to total
yang sebesar 30,13%. Adapun, persentase ekuitas terhadap                         liabilities and equity in 2023 is 65.11%, an increase compared
total liabilitas dan ekuitas pada 2023 adalah sebesar 65,11%                     to 2022 which was 58.66%.
mengalami kenaikan dibanding pada 2022 yang sebesar
58,66%.


Berdasarkan persentase-persentase yang telah diuraikan                           Based on the percentages described above, the Company has
di atas, terlihat bahwa Perusahaan memiliki struktur modal                       a sound capital structure in 2023, with equity value greater
yang baik pada 2023, dengan nilai ekuitas yang lebih besar                       than current liabilities and non-current liabilities.
dibanding liabilitas jangka pendek dan liabilitas jangka
panjang.




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                    Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis       Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                                        Tinjauan Keuangan
                                                                                                                        Financial Overview



DASAR PEMILIHAN KEBIJAKAN MANAJEMEN                                              BASIS FOR SELECTION OF MANAGEMENT POLICY
ATAS STRUKTUR MODAL                                                              ON CAPITAL STRUCTURE
Kebijakan manajemen terhadap struktur modal diterapkan                           Management policies on capital structure are implemented
dalam rangka melindungi kemampuan Perusahaan dalam                               to safeguard the Company's business continuity for optimal
mempertahankan kelangsungan usaha, sehingga dapat                                returns and benefits for shareholders and stakeholders.
memberikan imbal hasil dan manfaat yang optimal bagi                             This also serves as an effort to maintain an optimal capital
pemegang saham dan pemangku kepentingan. Selain itu,                             structure to reduce capital costs.
kebijakan atas struktur modal dilakukan sebagai upaya
mempertahankan struktur permodalan yang optimal untuk
mengurangi biaya modal.


KEBIJAKAN MANAJEMEN ATAS STRUKTUR                                                MANAGEMENT POLICY ON CAPITAL STRUCTURE
MODAL
Perusahaan dan kelompok usahanya dapat menyesuaikan                              The Company and its business group may adjust the amount
jumlah dividen yang dibayar kepada pemegang saham,                               of dividends paid to shareholders, issue new shares, or sell
menerbitkan saham baru, atau menjual aset untuk mengurangi                       assets to reduce liabilities. This aims to maintain or adjust its
liabilitas. Hal tersebut bertujuan untuk mempertahankan                          capital structure.
atau menyesuaikan struktur permodalannya.


Perusahaan    disyaratkan         untuk         memelihara      tingkat          The Company is required to maintain certain levels of capital
permodalan tertentu oleh perjanjian pinjaman. Persyaratan                        by the loan agreement. These requirements have been
tersebut telah dipenuhi oleh Perusahaan pada tanggal                             fulfilled by the Company on December 31, 2022 and 2023,
31 Desember 2022 dan 2023, serta berpedoman pada                                 and are guided by Law No. 40 of 2007 concerning Limited
Undang-Undang No. 40 Tahun 2007 tentang Perusahaan                               Liability Companies effective since August 16, 2007. The law
Terbatas yang efektif sejak tanggal 16 Agustus 2007,                             stipulates that at least 20% of issued and fully paid-up share
dengan mengalokasikan setidaknya 20% dari modal saham                            capital should be allocated to a reserve fund that cannot be
diterbitkan dan dibayar penuh ke dalam dana cadangan                             distributed. The Company has taken into account the external
yang tidak boleh didistribusikan. Persyaratan permodalan                         capital requirements and has made decisions at the General
eksternal tersebut telah dipertimbangkan oleh Perusahaan                         Meeting of Shareholders (GMS).
serta telah diputuskan pada Rapat Umum Pemegang Saham
(RUPS).


Selain itu, Perusahaan mengelola dan menyesuaikan struktur                       Furthermore, the Company manages and adjusts its capital
permodalannya berdasarkan perubahan kondisi ekonomi.                             structure in response to changes in economic conditions.
Perusahaan dapat menyesuaikan pembayaran dividen                                 This can be achieved by adjusting dividend payments to
kepada pemegang saham, menerbitkan saham baru, atau                              shareholders, issuing new shares, or seeking funding through
mengusahakan pendanaan melalui pinjaman. Tidak ada                               loans. It’s worth noting that there were no changes to the
perubahan tujuan kebijakan ataupun proses kebijakan selama                       policy objectives or processes during the period ended on
periode yang berakhir pada tanggal 31 Desember 2022 dan                          December 31, 2022 and 2023.
31 Desember 2023.


Perusahaan dan kelompok usahanya senantiasa memonitor                            The Company and its business group continuously monitor
struktur modal berdasarkan rasio utang terhadap modal,                           their capital structure based on the debt-to-capital ratio.
yang dihitung dengan membagi jumlah utang dengan total                           This ratio is calculated by dividing the amount of debt by the
modal. Utang mengacu pada jumlah liabilitas pada laporan                         total capital. Payables, on the other hand, represent the total




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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile      Overview on Business Supports




Tinjauan Keuangan
Financial Overview


posisi keuangan konsolidasian, sedangkan modal terdiri dari                  liabilities in the consolidated statement of financial position.
seluruh komponen ekuitas sebagaimana dinyatakan dalam                        Capital includes all components of equity as presented in the
posisi keuangan konsolidasian.                                               consolidated financial position.


Struktur modal merupakan perimbangan antara penggunaan                       The capital structure represents a balance between the use
modal sendiri dengan pinjaman/utang, yang terdiri dari utang                 of equity and loans/debt, which includes short-term and long-
jangka pendek dan utang jangka panjang. Struktur modal                       term debt. The objective is to achieve a capital structure with
dengan minimum biaya penggunaan dana Weighted Average                        the minimum cost of using Weighted Average Cost of Capital
Cost of Capital (WACC) yang mengakibatkan peningkatan                        (WACC), resulting in an increase in the value of the Company’s
nilai saham Perusahaan, tetapi tidak berarti mengakibatkan                   shares. It’s important to note that an increase in the value
peningkatan laba bersih per saham (earning per share/EPS).                   of the Company’s shares does not necessarily translate to
Leverage yang besar tidak hanya dapat meningkatkan EPS                       an increase in earnings per share (EPS). A high leverage can
tetapi juga meningkatkan risiko. Oleh sebab itu, Perusahaan                  lead to an increase in EPS, but it also increases the risk.
secara saksama menetapkan kebijakan struktur permodalan                      Therefore, the Company aims to determine an optimal capital
sebagai upaya dalam memaksimalkan nilai bagi pemegang                        structure policy that maximizes the value of the Company for
saham dan pemangku kepentingan.                                              stakeholders and shareholders.


Perusahaan mengawasi modal dengan membagi total                              The Company tracks its capital structure using the gearing
pinjaman berdampak bunga dengan total ekuitas yang                           ratio, which is calculated by dividing total interest-bearing
dapat diatribusikan kepada pemilik entitas induk melalui                     loans by total equity attributable to owners of the parent
rasio pengungkit (gearing ratio). Kebijakan Perusahaan                       entity. The Company’s policy is to maintain gearing ratios
dilakukan untuk menjaga rasio pengungkit dalam kisaran                       within the range of leading companies in Indonesia to ensure
yang berlaku bagi perusahaan terkemuka di Indonesia untuk                    access to funding at a reasonable cost. Total interest-bearing
mengamankan akses terhadap pendanaan pada biaya yang                         loans include short-term bank loans, long-term bank loans,
rasional. Komponen yang termasuk dalam total pinjaman                        loans to the Government of the Republic of Indonesia, and
berdampak bunga mencakup pinjaman bank jangka pendek,                        finance lease liabilities.
pinjaman bank jangka panjang, pinjaman kepada Pemerintah
Republik Indonesia, dan liabilitas sewa pembiayaan.



Ikatan yang Material untuk Investasi Barang Modal
Material Bonds for Capital Expenditure

Berdasarkan pasal 3 ayat (1) Peraturan Otoritas Jasa Keuangan                As per Financial Services Authority Regulation (POJK)
(POJK) No. 17/POJK.04/2020 tentang Transaksi Material dan                    No. 17/POJK.04/2020 on Material Transactions and Changes
Perubahan Kegiatan Usaha, suatu transaksi dikategorikan                      in Business Activities, a transaction is classified as a material
sebagai transaksi material apabila nilai transaksi sama                      if the value of the transaction is equal to or greater than 20%
dengan 20% atau lebih dari ekuitas Perusahaan Terbuka.                       of the equity of the Public Company.


Selama 2023, tidak terdapat nilai transaksi investasi barang                 During 2023, there were no capital expenditure amounted to
modal yang sama atau melebihi 20% dari nilai ekuitas                         20% or more of the Company’s equity value. Therefore, the
Perusahaan. Dengan demikian, Perusahaan tidak menyajikan                     Company is not required to provide information about the
informasi mengenai nama pihak yang melakukan ikatan,                         party involved in the agreement, purpose of the agreement,
tujuan ikatan, sumber dana yang diharapkan untuk memenuhi                    expected source of funds to fulfill the agreement, currency
ikatan, mata uang yang menjadi denominasi dan langkah-                       denomination, or measures taken by the Company to mitigate
langkah yang direncanakan untuk melindungi risiko dari                       risks from foreign currency positions.
posisi mata uang asing.


306       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                       Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik                Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis   Good Corporate Governance                       Corporate Social and Environmental Responsibility




                                                                                                                                  Tinjauan Keuangan
                                                                                                                                  Financial Overview


REALISASI INVESTASI BARANG MODAL                                                REALIZATION OF CAPITAL EXPENDITURE
JENIS DAN NILAI INVESTASI BARANG MODAL                                          TYPES AND VALUE OF CAPITAL EXPENDITURE
Investasi merupakan hal yang penting untuk dilakukan                            Investment is an essential aspect of the Company’s business
dalam upaya mengembangkan kegiatan usaha. Perusahaan                            activities. As part of its investment strategy, the Company
melakukan investasi barang modal (Capital Expenditure) yang                     invests in capital goods through capital expenditure. Capital
merupakan aktivitas pengeluaran dana Perusahaan untuk                           expenditure is the activity of disbursing funds to purchase
membeli sejumlah aset tetap, atau menambah nilai aset                           fixed assets or increase the value of existing fixed assets that
tetap, yang diharapkan dapat memberikan nilai manfaat bagi                      are expected to generate value for the Company in the future.
Perusahaan di masa depan.


Perusahaan merealisasikan investasi barang modal sebesar                        The Company realized capital expenditure of Rp38.40 billion
Rp38,40 miliar pada 2023, mengalami peningkatan sebesar                         in 2023, an increase of Rp15.02 billion or 64.25% compared
Rp15,02 miliar atau 64,25% dibandingkan dengan tahun                            to the previous year at Rp23.38 billion. This was due to an
sebelumnya yang sebesar Rp23,38 miliar. Hal tersebut                            increase in the addition of fixed assets.
terutama disebabkan oleh peningkatan penambahan aset
tetap.


Realisasi Investasi Barang Modal 2022-2023                                      Realization of Capital Expenditure in 2022-2023
Dalam jutaan rupiah.                                                            In millions of rupiah.
                                                                                                                                               Perubahan / Changes
                            Uraian / Description                                               2023                  2022                                       Persentase /
                                                                                                                                            Nominal
                                                                                                                                                                 Percentage
Tanah / Land                                                                                          209                           -                    209               -
Tanah tambang / Mining properties                                                                      92                        411                   -320          -77,73%
Bangunan dan infrastruktur / Buildings and infrastructures                                        6.950                      3.997                    2.953           73,88%
Mesin / Machinery                                                                                28.782                    14.762                   14.020           94,98%
Peralatan berat dan kendaraan / Heavy equipment and vehicles                                          452                   2.428                    -1.976          -81,38%
Peralatan kantor / Office equipment                                                               1.920                      1.784                        136          7,63%
Total Investasi / Total Investment                                                               38.405                   23.382                    15.023           64,25%



TUJUAN INVESTASI BARANG MODAL                                                   CAPITAL EXPENDITURE OBJECTIVES
Perusahaan melakukan investasi barang modal dengan                              The Company invests in capital goods with the aim of
tujuan untuk meningkatkan kapasitas produksi dan kualitas                       increasing production capacity and service quality, which
pelayanan jasa, sehingga dapat meningkatkan produktivitas                       in turn leads to higher productivity. Routine investments
Perusahaan. Investasi rutin dilakukan dengan tujuan untuk                       are made to meet requirements, improve work security and
memenuhi requirement, meningkatkan keamanan dan                                 safety, and support administrative objectives.
keselamatan kerja, serta mendukung tujuan administratif.



Informasi dan Fakta Material yang Terjadi Setelah Tanggal Laporan Akuntan
Material Information and Facts Subsequent to the Accountant's Report Date

Berikut disampaikan informasi dan fakta material yang terjadi                   Material information and facts occurred between the end of
di antara akhir periode pelaporan 31 Desember 2023 sampai                       the reporting period December 31, 2023 until the date of the
dengan tanggal laporan akuntan pada 7 Maret 2024.                               accountant's report on March 7, 2024 are as follows:




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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Tinjauan Keuangan
Financial Overview



1. Perusahaan telah melakukan penggantian Sekretaris                         1. The Company has replaced the Corporate Secretary
   Perusahaan yang semula dijabat oleh Sdr. Basthony Santri                     which was previously Mr. Basthony Santri changed to Mr.
   berubah menjadi dijabat oleh Sdr. Hari Liandu yang efektif                   Hari Liandu effective starting March 1, 2024.
   berlaku terhitung sejak tanggal 1 Maret 2024.
2. Perusahaan telah melakukan penggantian Kepala Audit                       2. The Company has replaced the Head of Internal Audit
   Internal yang semula dijabat oleh Sdr. Hari Liandu berubah                   which was previously Mr. Hari Liandu to Mr. Heru
   menjadi dijabat oleh Sdr. Heru Rusdiansyah yang efektif                      Rusdiansyah effective from March 1 2024.
   berlaku terhitung sejak tanggal 1 Maret 2024.



Informasi Peningkatan atau Penurunan yang Material dari
Penjualan atau Pendapatan Bersih
Information on Material Increase or Decrease in Sales or Net Revenue

Pada Laporan Keuangan Konsolidasian Perusahaan untuk                         The Company’s Consolidated Financial Statements for the
tahun-tahun yang berakhir pada tanggal 31 Desember 2022                      years ended December 31, 2022 and 2023 do not show any
dan 2023, tidak terdapat informasi perihal peningkatan atau                  material increase or decrease in the net sales or revenue.
penurunan material dari penjualan atau pendapatan bersih                     Therefore, this reportdoes not provide any information
Perusahaan. Dengan demikian, tidak terdapat informasi                        regarding such changes or their attribution to factors such as
terkait peningkatan atau penurunan yang material dari                        the volume of goods or services sold, or the introduction of
penjualan atau pendapatan bersih Perusahaan, serta sejauh                    new products or service.
mana perubahan tersebut dapat dikaitkan antara lain dengan
jumlah barang atau jasa yang dijual dan/atau adanya produk
atau jasa baru, untuk diungkapkan pada laporan ini.



Dampak Perubahan Harga terhadap Penjualan atau Pendapatan
Bersih Perusahaan serta Laba Operasi Perusahaan
Impact of Price Changes on the Company's Sales or Net Revenue and
Operating Profit

Perubahan situasi eksternal yang terjadi pada 2023, seperti                  External changes in 2023, such as an increase in production
peningkatan biaya produksi akibat harga bahan baku yang                      costs due to high raw material prices, have prompted a
tinggi, telah mendorong adanya perubahan harga jual rata-                    change in the average selling price of products of Rp913.230
rata produk Rp913,23 ribu atau naik dengan 0,44%. Dengan                     thousand or an increase of 0.44%. With this change in selling
perubahan harga jual ini, volume penjualan tumbuh sebesar                    price, sales volume grew by 7.56% from the previous year's
7,56% dari periode tahun sebelumnya menjadi 2,16 juta ton                    period to 2.16 million tons in 2023. The increase in sales
pada 2023. Peningkatan volume penjualan dan harga jual                       volume and selling prices in 2023 will impact revenue growth
pada 2023 berdampak kepada pertumbuhan pendapatan atas                       from cement sales by 8.44% to Rp2.04 trillion.
penjualan semen sebesar 8,44% menjadi Rp2,04 triliun.




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                        Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik               Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis        Good Corporate Governance                      Corporate Social and Environmental Responsibility




                                                                                                                                       Tinjauan Keuangan
                                                                                                                                       Financial Overview


Perbandingan Antara Target dan Realisasi serta Proyeksi Untuk 1
(Satu) Tahun Ke Depan
Comparison Between Targets and Realizations and Projections for the
Next Year

PERBANDINGAN ANTARA TARGET DAN                                                        COMPARISON BETWEEN TARGET AND
REALISASI TAHUN 2023                                                                  REALIZATION IN 2023
Perusahaan menetapkan sejumlah target capaian untuk 2023                              The Company has set a number of achievement targets for
di dalam Rencana Kerja dan Anggaran Perusahaan (RKAP)                                 2023 in the 2023 Company Work Plan and Budget (RKAP),
2023, dengan mempertimbangkan perkembangan kondisi                                    taking into account developments in industrial and economic
industri dan ekonomi. Pencapaian sejumlah target RKAP                                 conditions. Achievement of a number of 2023 RKAP targets
2023 dengan realisasi pada 2023 adalah sebagai berikut:                               with realization in 2023 is as follows:
                                                                                                                                                      Pencapaian Realisasi
                                                                                      Realisasi 2023 /                                               Terhadap Target 2023 /
              Uraian / Description                           Satuan / Unit                                              Target 2023
                                                                                      2023 Realization                                               Achievement to the 2023
                                                                                                                                                             Target
                                         Aspek Produksi dan Pemasaran / Production and Marketing Aspect
Produksi Semen / Cement Production                                Ton                                2.144.653                    2.416.000                             89%
Volume Penjualan Semen / Cement Sales
                                                                  Ton                                2.160.725                   2.463.984                              88%
Volume
                                  Aspek Keuangan dan Struktur Modal / Financial and Capital Structure Aspect
                                                                Rp-juta /
Pendapatan / Revenue                                                                                 2.040.679                    2.314.725                             88%
                                                               Rp-million
Laba (Rugi) Tahun Berjalan / Profit (Loss) for                  Rp-juta /
                                                                                                       121.573                        170.419                            71%
the year                                                       Rp-million
                                                             Struktur Modal / Capital Structure
                                                                Rp-juta /
Jumlah Aset / Total Assets                                                                           4.856.731                   4.999.498                               97%
                                                               Rp-million
                                                                Rp-juta /
Jumlah Liabilitas / Total Liabilities                                                                1.579.448                     1.761.258                            90%
                                                               Rp-million
                                                                Rp-juta /
Jumlah Ekuitas / Total Equity                                                                        3.162.412                   3.238.240                              98%
                                                               Rp-million
                                                             Kebijakan Dividen / Dividend Policy
Nilai Dividen yang Dibagikan / Value of Dividend                Rp-juta /
                                                                                                        18.965                         18.965                           100%
Paid                                                           Rp-million
                                  Pengembangan Kompetensi Karyawan / Employee Competency Development
Biaya Peningkatan Kompetensi Karyawan /                         Rp-juta /
                                                                                                         1.126                           1.137                        99,05%
Employee Competency Development Costs                          Rp-million



ASPEK PRODUKSI DAN PEMASARAN                                                          PRODUCTION AND MARKETING ASPECT
Berdasarkan kinerja produksi dan pemasaran, tercatat                                  Based on production and marketing performance, total
realisasi total produksi semen di tahun 2023, adalah sebanyak                         realization of cement production in 2023 was at 2,144,653 tons
2.144.653 ton atau mencapai 89% terhadap target yang                                  or reaching 89% of the target of 2,416,000 tons. The recorded
sebesar 2.416.000 ton. Realisasi total produksi yang tercatat                         total production realization was lower due to adjustment to
lebih rendah tersebut dikarenakan menyesuaikan dengan                                 sales volume. Meanwhile, the total sales volume of cement in
volume penjualan. Sementara itu, total volume penjualan                               2023 will be 2,160,725 tons or 88% of the target of 2,463,984
semen pada 2023 adalah sejumlah 2.160.725 ton atau                                    tons. This decrease was caused by not yet maximizing sales




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                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Tinjauan Keuangan
Financial Overview



mencapai 88% terhadap target yang sebesar 2.463.984 ton.                     of the SMBR and intercompany brands, which only reached
Penurunan ini disebabkan oleh belum maksimalnya penjualan                    206,234 tons in 2023 or 52% of the plan.
brand SMBR maupun intercompany, yang hanya tercapai
sebesar 206.234 ton pada tahun 2023 atau 52% dari rencana.


ASPEK KEUANGAN DAN STRUKTUR MODAL                                            FINANCIAL AND CAPITAL STRUCTURE ASPECT
Secara umum, kinerja keuangan Perusahaan pada 2023                           In general, the Company's recorded positive financial
cukup positif walaupun belum mencapai target namun                           performance in 2023 for its upward trend despite target
terdapat tren kenaikan dari tahun sebelumnya, terlihat dari                  non-achievement and as reflected from the total realized
total pendapatan yang terealisasi sebesar Rp2.041 miliar, atau               revenue of Rp2,041 billion, or reaching 88% of the target of
mencapai 88% terhadap target yang sebesar Rp2.315 miliar.                    Rp2,315 billion. The recorded income realization was lower
Realisasi pendapatan yang tercatat lebih rendah terhadap                     than this target. Meanwhile, the Company posted a net profit
target tersebut. Sementara itu, Perusahaan membukukan                        for the year of Rp121.57 billion or reached 71,34% of the target
laba bersih tahun berjalan sebesar Rp121,57 miliar atau                      of Rp170.41 billion. This was mainly caused by the failure
mencapai 71,34% terhadap target yang sebesar Rp170,41                        to achieve a cement sales volume of 303,259 tons and an
miliar. Hal tersebut terutama disebabkan oleh disebabkan                     average cement selling price of Rp9,916.
oleh tidak tercapainya volume penjualan semen sebesar
303.259 ton dan rata-rata harga jual semen sebesar Rp9.916.


Dari sisi struktur modal, jumlah aset Perusahaan pada 2023                   In terms of capital structure, the Company's total assets in
adalah sebesar Rp4.856,73 miliar atau mencapai 97,14%                        2023 amounted to Rp4,856.73 billion or 97.14% of the target
terhadap target yang sebesar Rp4.999,50 miliar. Hal ini                      of Rp4,999.50 billion. This is because the Company made
disebabkan perusahaan melakukan pembayaran percepatan                        an accelerated payment of the syndicated loan principal
pokok pinjaman kredit sindikasi sebesar Rp442 miliar dalam                   amounting to Rp442 billion for refinancing the SLL syndicated
rangka refinancing kredit sindikasi SLL Jumlah liabilitas                    credit. The Company's total liabilities amounted to Rp1,694.32
Perusahaan adalah sebesar Rp1.694,32 miliar pada 2023, atau                  billion in 2023, or reached 96.20% of the target of Rp1,761.26
mencapai 96,20% terhadap target yang sebesar Rp1.761,26                      billion. This was due to a decrease in long-term syndicated
miliar. Hal tersebut dikarenakan penurunan pinjaman bank                     bank loans caused by bank loan refinancing activities carried
jangka Panjang kredit sindikasi yang disebabkan oleh kegiatan                out by the Company. Meanwhile, total equity in 2023 was
refinancing pinjaman bank yang dilakukan perusahaan.                         Rp3,162.41 billion or 97.66% of the target of Rp3,238.24 billion.
Sementara itu, jumlah ekuitas pada 2023 adalah sebesar                       This was mainly caused by not achieving net profit in 2023.
Rp3.162,41 miliar atau mencapai 97,66% terhadap target yang
sebesar Rp3.238,24 miliar. Hal tersebut terutama disebabkan
oleh tidak tercapainya laba bersih tahun 2023.


KEBIJAKAN DIVIDEN                                                            DIVIDEND POLICY
Perusahaan melakukan pembagian dividen pada 2023.                            The Company carried out dividend payment in 2023. Based
Berdasarkan Rapat Umum Pemegang Saham (RUPS) Tahunan                         on the Annual General Meeting of Shareholders (GMS) for the
Tahun Buku 2022, yang diselenggarakan pada 8 Mei 2023,                       2022 fiscal year, held on May 8, 2023, Shareholders approved
Pemegang Saham menyetujui dan menetapkan penggunaan                          and determined the use of the net profit attributable to the
laba bersih atribusi pemilik entitas induk Perusahaan tahun                  owners of the Company's parent entity for the 2022 fiscal
buku 2022, yaitu sebesar Rp18,96 miliar ditetapkan sebagai                   year, namely Rp18.96 billion designated as cash dividends and
dividen tunai dan sebesar Rp75,86 miliar ditetapkan sebagai                  Rp75.86 billion designated as other reserves.
cadangan lainnya.




310       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                        Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik               Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis        Good Corporate Governance                      Corporate Social and Environmental Responsibility




                                                                                                                                       Tinjauan Keuangan
                                                                                                                                       Financial Overview



PENGEMBANGAN KOMPETENSI SDM                                                           HR Competency Development
Total biaya pengembangan kompetensi Sumber Daya                                       The total cost of developing Human Resources (HR)
Manusia (SDM) pada 2023 adalah sebesar Rp1,13 miliar, atau                            competencies in 2023 is Rp1.13 billion, or reaching 99.05% of
mencapai 99,05% terhadap target yang sebesar Rp1,14 miliar.                           the target of Rp1.14 billion. This was due to the implementation
Hal ini disebabkan oleh pelaksanaan inisiatif strategis yaitu                         of strategic initiatives, namely increasing HR competency
peningkatan kompetensi SDM yang berfokus pada pencapaian                              which focuses on achieving the target of average training
target rata-rata jam pelatihan per karyawan/tahun.                                    hours per employee/year.


PERBANDINGAN ANTARA REALISASI TAHUN                                                   COMPARISON BETWEEN REALIZATION IN 2023
2023 DAN PROYEKSI TAHUN 2024                                                          AND PROJECTIONS FOR 2024
Untuk 1 (tahun) ke depan, Perusahaan menetapkan sejumlah                              For the next year, the Company has set a number of projections
proyeksi yang hendak dicapai melalui RKAP 2024, yang                                  to be achieved through the 2024 RKAP, the preparation of
penyusunannya disesuaikan dengan perkembangan kondisi                                 which is adjusted to developments in the Company's internal
internal dan eksternal Perusahaan. Proyeksi yang telah                                and external conditions. The projections that have been set
ditetapkan Perusahaan untuk 1 (satu) tahun ke depan adalah                            by the Company for the next year are as follows:
sebagai berikut:


Perbandingan antara Realisasi Tahun 2023 dan Proyeksi                                 Comparison between 2023 Realization and 2024 Projections
Tahun 2024
                                                                                                                                                     Proyeksi 2024 terhadap
                                                                                      Realisasi 2023 /                                                Realisasi 2023 / 2024
              Uraian / Description                           Satuan / Unit                                              Target 2024
                                                                                      2023 Realization                                               Projections to the 2023
                                                                                                                                                           Realization
                                         Aspek Produksi dan Pemasaran / Production and Marketing Aspect
Produksi Semen / Cement Production                                Ton                                2.144.653                   2.677.000                           125%
Volume Penjualan Semen / Cement Sales
                                                                  Ton                                2.160.725                   2.669.967                           124%
Volume
                                  Aspek Keuangan dan Struktur Modal / Financial and Capital Structure Aspect
                                                                Rp-juta /
Pendapatan / Revenue                                                                                 2.040.679                    2.477.319                          121%
                                                               Rp-million
Laba (Rugi) Tahun Berjalan / Profit (Loss) for the              Rp-juta /
                                                                                                       121.573                      184.428                          152%
year                                                           Rp-million
                                                             Struktur Modal / Capital Structure
                                                                Rp-juta /
Jumlah Aset / Total Assets                                                                           4.856.731                    4.927.201                          101%
                                                               Rp-million
                                                                Rp-juta /
Jumlah Liabilitas / Total Liabilities                                                                1.579.448                     1.561.749                         99%
                                                               Rp-million
                                                                Rp-juta /
Jumlah Ekuitas / Total Equity                                                                        3.162.412                   3.365.452                           106%
                                                               Rp-million
                                                             Kebijakan Dividen / Dividend Policy
Nilai Dividen yang Dibagikan / Value of Dividend                Rp-juta /
                                                                                                        18.965                        24.428                         129%
Paid                                                           Rp-million
                                         Pengembangan Kompetensi SDM / Competency Development Costs
Biaya Pengembangan Kompetensi SDM / HR                          Rp-juta /
                                                                                                         1.126                          1.500                        133%
Competency Development Costs                                   Rp-million




                                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report      Company Profile      Overview on Business Supports




Tinjauan Keuangan
Financial Overview



ASPEK PRODUKSI DAN PEMASARAN                                                    PRODUCTION AND MARKETING ASPECT
Untuk tahun 2024, Perusahaan memproyeksikan total                               For 2024, the Company projects total cement production of
produksi semen sebanyak 2.677.000 ton atau mencapai                             2,677,000 tons or 125% of the realization in 2023 of 2,144,653
125% terhadap realisasi tahun 2023 yang sebesar 2.144.653                       tons. This projection is mainly determined by considering
ton.   Proyeksi    tersebut       terutama            ditetapkan     dengan     the increase in cement sales volume in 2024 after joining
mempertimbangkan meningkatnya volume penjualan semen                            SIG. Meanwhile, the total sales volume of cement in 2024 is
di tahun 2024 setelah bergabungnya dengan SIG. Sementara                        projected to be 2,669,967 tons or 124% of the realization in
itu, total volume penjualan semen pada 2024 diproyeksikan                       2023 of 2,160,725 tons.
sebanyak 2.669.967 ton atau mencapai 124% terhadap
realisasi pada 2023 yang sebesar 2.160.725 ton.


ASPEK KEUANGAN DAN STRUKTUR MODAL                                               FINANCIAL AND CAPITAL STRUCTURE ASPECT
Total pendapatan Perusahaan pada tahun 2024 diproyeksikan                       The Company's total revenue in 2024 is projected at Rp2,477.32
sebesar Rp2.477,32 miliar, atau mencapai 121% terhadap                          billion, or 121% of the realization in 2023 of Rp2,040.68
realisasi tahun 2023 yang sebesar Rp2.040,68 miliar. Proyeksi                   billion. This projection is mainly determined by considering
tersebut terutama ditetapkan dengan mempertimbangkan                            the increase in sales volume in 2024. In terms of capital
meningkatnya volume penjualan di tahun 2024. Adapun, dari                       structure, the Company's total assets in 2024 are projected to
sisi struktur modal, jumlah aset Perusahaan di tahun 2024                       be Rp4,927.20 billion or reach 101% of the realization in 2023
diproyeksikan sebesar Rp4.927,20 miliar atau mencapai                           which was Rp4,856.73 billion. The Company's total liabilities
101% terhadap realisasi tahun 2023 yang sebesar Rp4.856,73                      are projected at Rp1,561.75 billion in 2024, or reaching 99% of
miliar. Jumlah liabilitas Perusahaan diproyeksikan sebesar                      the realization in 2023 of Rp1,579.45 billion. Meanwhile, total
Rp1.561,75 miliar di tahun 2024, atau mencapai 99% terhadap                     equity in 2024 is projected to be Rp3,365.45 billion or 106% of
realisasi tahun 2023 yang sebesar Rp1.579,45 miliar.                            the realization in 2023 of Rp3,162.41 billion.
Sementara itu, jumlah ekuitas di tahun 2024 diproyeksikan
sebesar Rp3.365,45 miliar atau mencapai 106% terhadap
realisasi tahun 2023 yang sebesar Rp3.162,41 miliar.


KEBIJAKAN DIVIDEN                                                               DIVIDEND POLICY
Perusahaan menargetkan dapat membagikan dividen di tahun                        For 2024, the Company targets to pay dividends in of Rp24.43
2024 sebesar Rp24,43 miliar atau mencapai 129% terhadap                         billion or 129% of the 2023 realization at Rp18.96 billion.
realisasi tahun 2023 sebesar Rp18,96 miliar.


PENGEMBANGAN KOMPETENSI SDM                                                     HR COMPETENCY DEVELOPMENT
Total biaya pengembangan kompetensi Sumber Daya Manusia                         The total cost of developing Human Resources (HR)
(SDM) di tahun 2024 diproyeksikan sebesar Rp1,50 miliar, atau                   competencies in 2024 is projected at Rp1,50 billion, or 133%
mencapai 133% terhadap realisasi tahun 2023 yang sebesar                        of the realization in 2022, amounting to Rp1.13 billion.
Rp1,13 miliar.




312        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                      Analisis dan Pembahasan Manajemen      Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis     Good Corporate Governance                Corporate Social and Environmental Responsibility




                                                                                                                            Tinjauan Keuangan
                                                                                                                            Financial Overview



Kebijakan dan Pembagian Dividen
Dividend Policy and Payment

KEBIJAKAN DAN RIWAYAT PEMBAGIAN DIVIDEN                                          DIVIDEND PAYMENT POLICY AND HISTORY IN
DALAM 5 (LIMA) TAHUN TERAKHIR                                                    THE LAST 5 (FIVE) YEARS
Pembagian dividen Perusahaan dilakukan berdasarkan                               The Company's dividend payment is carried out based on
Keputusan RUPS dan hanya dapat dibayarkan sesuai dengan                          the GMS Decision and can only be paid in accordance with
kondisi keuangan Perusahaan. Kebijakan pembagian dividen                         the Company's financial condition. The Company's dividend
oleh Perusahaan, telah sesuai dengan Anggaran Dasar                              payment policy is in accordance with the Company's Articles
Perusahaan yaitu dengan memperhatikan Prospektus                                 of Association, taking into account the Initial Public Offering
Penawaran Umum Perdana (Initial Public Offering/IPO) yang                        (IPO) Prospectus carried out by the Company in 2013. In
telah dilakukan oleh Perusahaan pada 2013. Sesuai ketentuan                      accordance with the provisions in this document, the
di dalam dokumen tersebut, kebijakan dividen Perusahaan                          Company's dividend policy is as follows:
adalah sebagai berikut ini:
1. Perusahaan merencanakan untuk membagikan dividen                              1. The Company plans to distribute dividends in cash at least
   dalam bentuk uang tunai sekurang-kurangnya sekali                                   once a year.
   dalam setahun.
2. Besarnya     dividen       dikaitkan           dengan   keuntungan            2. The amount of dividends is linked to the Company’s profits
   Perusahaan pada tahun buku yang bersangkutan, dengan                                in the relevant financial year, without neglecting the
   tidak mengabaikan tingkat kesehatan Perusahaan dan                                  soundness of the Company and without prejudice to the
   tanpa mengurangi hak dari RUPS untuk menentukan lain                                rights of the GMS to determine otherwise in accordance
   sesuai dengan membukukan laba ditahan yang positif.                                 with posting positive retained earnings.
3. Sebelum berakhirnya tahun buku, dividen interim                               3. Before the end of the financial year, interim dividends
   dapat dibagikan selama diizinkan oleh Anggaran Dasar                                can be distributed as long as permitted by the Company’s
   Perusahaan dan jika pembagian dividen interim tersebut                              Articles of Association and if the distribution of interim
   tidak menyebabkan jumlah kekayaan bersih Perusahaan                                 dividends does not cause the Company’s total net worth
   lebih kecil dari jumlah modal ditempatkan dan disetor                               to be less than the total issued and paid-up capital and
   serta memperhatikan ketentuan mengenai penyisihan                                   taking into account the provisions regarding the provision
   cadangan wajib sebagaimana dipersyaratkan dalam                                     of mandatory reserves as required in the Company Law.
   UUPT.
4. Pembagian dividen interim tersebut ditentukan oleh                            4. The distribution of the interim dividend is determined by
   Direksi setelah disetujui oleh Dewan Komisaris.                                     the Board of Directors after being approved by the Board
                                                                                       of Commissioners.
5. Apabila setelah akhir tahun buku tersebut, Perusahaan                         5. If after the end of the financial year, the Company suffers
   mengalami kerugian, dividen interim yang telah dibagikan                            a loss, the interim dividends that have been distributed
   harus dikembalikan oleh Pemegang Saham kepada                                       must be returned by the Shareholders to the Company.
   Perusahaan.
6. Direksi dan Dewan Komisaris akan bertanggung jawab                            6. The Board of Directors and Board of Commissioners will
   secara renteng jika dividen interim tersebut tidak                                  be jointly and severally responsible if the interim dividend
   dikembalikan kepada Perusahaan.                                                     is not returned to the Company.
7. Pembayaran dividen kas kepada Pemegang Saham                                  7. Payment of cash dividends to the Company’s Shareholders
   Perusahaan akan bergantung pada rekomendasi dari                                    will depend on recommendations from the Company’s
   Direksi Perusahaan, sehingga tidak terdapat kepastian                               Directors, so there is no certainty that the Company will
   bahwa Perusahaan akan dapat membayarkan dividen                                     be able to pay dividends annually.
   setiap tahunnya.




                                                                                                           2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Tinjauan Keuangan
Financial Overview



8. Keputusan Direksi Perusahaan dalam memberikan                             8. The decision of the Board of Directors of the Company
   rekomendasi pembayaran dividen tergantung pada:                              in providing recommendations for dividend payments
                                                                                depends on:
   a. Hasil kegiatan usaha dan arus kas Perusahaan.                             a. Results of business activities and cash flows of the
                                                                                      Company.
   b. Perkiraan kinerja keuangan dan kebutuhan modal                            b. Estimated financial performance and working capital
       kerja Perusahaan.                                                              requirements of the Company.
   c. Prospek usaha Perusahaan di masa yang akan datang.                        c. The Company’s business prospects in the future.
   d. Belanja modal dan rencana investasi Perusahaan                            d. Capital expenditure and other Company investment
       lainnya.                                                                       plans.
   e. Perencanaan investasi dengan pertumbuhan lainnya.                         e. Investment planning with other growth.
   f. Kondisi ekonomi dan usaha secara umum dan faktor-                         f. General economic and business conditions and other
       faktor lainnya yang dianggap relevan oleh Direksi                              factors deemed relevant by the Board of Directors
       Perusahaan serta ketentuan pembahasan mengenai                                 of the Company as well as provisions for discussing
       pembayaran dividen berdasarkan perjanjian terkait.                             dividend payments based on related agreements.
9. Apabila keputusan telah dibuat untuk membayar dividen,                    9. If a decision has been made to pay dividends, the
   dividen tersebut akan dibayar dalam rupiah.                                  dividends will be paid in rupiah.
10. Pemegang saham pada tanggal pencatatan yang berlaku                      10. Shareholders on the effective record date are entitled to
   berhak atas sejumlah penuh dividen yang disetujui, dan                       the full amount of dividends approved, and may be subject
   dapat dikenai pajak penghasilan yang berlaku di Indonesia.                   to the withholding tax applicable in Indonesia.


Sementara dividen yang diterima oleh pemegang saham                          Dividends received by foreign shareholders will be subject
asing akan dikenakan pajak penghasilan Indonesia maksimum                    to a maximum Indonesian withholding tax of 20%, based on
sebesar 20% (berdasarkan ketentuan pajak yang berlaku saat                   current tax regulations. The use of the Company’s profits for
ini). Penggunaan laba Perusahaan untuk tahun buku dilakukan                  the financial year is determined according to the following
berdasarkan pada ketentuan-ketentuan di bawah ini:                           provisions:
1. Pasal 70 dan 71 UU PT No. 40 Tahun 2007, disebutkan                       1. As per Articles 70 and 71 of Company Law No. 40 of 2007,
   bahwa Penggunaan laba bersih termasuk untuk cadangan,                        the General Meeting of Shareholders decides on the
   penggunaan lainnya serta dividen diputuskan oleh Rapat                       use of net profit, including for reserves, other uses, and
   Umum Pemegang Saham.                                                         dividends.
2. Pasal 21 ayat 2 huruf b Anggaran Dasar Perusahaan,                        2. As per Article 21, paragraph 2, letter b of the Company’s
   Direksi menyampaikan usulan penggunaan laba bersih                           Articles of Association, the Board of Directors submits a
   Perusahaan, jika Perusahaan mempunyai laba positif.                          proposal for the use of the Company’s net profit, if it has a
                                                                                positive profit.


Adapun, berdasarkan Rapat Umum Pemegang Saham (RUPS)                         Meanwhile, based on the Annual General Meeting of
Tahunan Tahun Buku 2022, yang diselenggarakan pada                           Shareholders (GMS) for the 2022 Fiscal Year, held on May 8,
8 Mei 2023, Pemegang Saham menyetujui dan menetapkan                         2023, the Shareholders approved and determined the use of
penggunaan laba bersih atribusi pemilik entitas induk                        the net profit attributable to the owners of the parent entity of
Perusahaan Tahun Buku 2022, sebesar Rp18,96 miliar                           the Company for the 2022 Fiscal Year, amounting to Rp18.96
ditetapkan sebagai dividen tunai dan sebesar Rp75,86 miliar                  billion to be designated as cash dividends and amounting to
ditetapkan sebagai cadangan lainnya.                                         Rp75.86 billion is designated as other reserves.


Berikut riwayat pembagian dividen dalam 5 (lima) tahun                       The following is the history of dividend distribution in the last
terakhir, sebagaimana terlampir pada tabel di bawah ini.                     5 (five) years, as attached in the table below.




314       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                       Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik          Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis            Good Corporate Governance                 Corporate Social and Environmental Responsibility




                                                                                                                                     Tinjauan Keuangan
                                                                                                                                     Financial Overview



Pembagian Dividen untuk Kinerja Tahun Buku 2018-2022                                     Dividend Payment for Fiscal Year 2018-2022 Performance
                                            Tahun Buku 2022 Tahun Buku 2021 / Tahun Buku 2020 Tahun Buku 2019 / Tahun Buku 2018 /
       Uraian / Description
                                            / Fiscal Year 2022 Fiscal Year 2021 / Fiscal Year 2020 Fiscal Year 2019 Fiscal Year 2018
Laba Bersih (Rp-juta) / Net Profit
                                                            94.827                       51.816                  10.985                          30.072                      76.072
(Rp-million)
Jumlah Dividen (Rp-juta) / Total
                                                            18.965                              -                         -                        6.158                     18.971
Dividend (Rp-million)
Rasio Dividen / Payout Ratio                                 20%                                -                         -                    20,48%                      20,48%
Tahun Pembayaran / Payment Year                              2023                         2022                      2021                           2020                        2019
Jumlah Saham / Number of Shares                   9.932.534.336              9.932.534.336               9.932.534.336               9.932.534.336                   9.932.534.336
Dividen per Saham (Rupiah penuh)
                                                            1,9094                              -                         -                         0,62                        1,91
/ Dividend per Share (Full Rupiah)
Tanggal Pengumuman Dividen /                   10 Mei 2023 /            25 Maret 2022 /                 27 Mei 2021 /          18 Agustus 2020 /                   28 Mei 2019 /
Dividend Announcement Date                     May 10, 2023             March 25, 2022                  May 27, 2021            August 18, 2020                    May 28, 2019
                                                                                                                              04 September
Tanggal Pembayaran Dividen /                  09 Juni 2023 /                                                                                                       19 Juni 2019 /
                                                                                                -                         - 2020 / September
Dividend Payment Date                         June 09, 2023                                                                                                        June 19, 2019
                                                                                                                                04, 2020




Kontribusi Perusahaan Kepada Negara Berupa Pajak
Company Contributions to the State in the Form of Taxes

Sebagai bentuk kontribusi kepada negara, sekaligus                                       As contribution to the state and compliance with applicable
sebagai wujud kepatuhan terhadap peraturan yang berlaku,                                 regulations, the Company periodically fulfills its tax payment
Perusahaan      secara      periodik          melakukan         pemenuhan                obligations. In 2023, the contribution made by the Company
kewajiban pembayaran pajak. Pada 2023, kontribusi yang                                   in the form of taxes was Rp283 billion, an increase of Rp40
diberikan oleh Perusahaan dalam bentuk pajak adalah                                      billion or 16%, compared to the previous year of Rp243 billion.
sejumlah Rp283 miliar mengalami peningkatan sebesar Rp40
miliar atau 16%, jika dibandingkan dengan tahun sebelumnya
sebesar Rp243 miliar.



Realisasi Penggunaan Dana Hasil Penawaran Umum
Realization of Use of Public Offering Proceeds

INFORMASI PENAWARAN UMUM SAHAM PERDANA                                                   INFORMATION ON INITIAL PUBLIC OFFERING
Pada tahun 2013, Perusahaan melakukan penawaran umum                                     In 2013, the Company conducted an initial public offering to
saham perdana dalam rangka mendukung pendanaan proyek                                    support funding for the Baturaja II project, raising Rp1.27
Baturaja II. Adapun, jumlah dana yang diterima dari hasil                                trillion. As per the planned use of funds disclosed in the
penawaran umum saham perdana adalah sebesar Rp1,27                                       prospectus and Extraordinary GMS, the Company utilized all
triliun. Pada tahun 2018, Perusahaan telah menggunakan                                   the proceeds from the offering in 2018, and reported the same
seluruh dana hasil penawaran umum perdana tersebut                                       to the Financial Services Authority (OJK) and the Indonesia
dan telah digunakan sesuai rencana penggunaan dana                                       Stock Exchange (IDX) through letter No. UM.05.09/1389A/2018,
yang diungkapkan dalam prospektus dan RUPS Luar Biasa,                                   dated April 06, 2018, in compliance with the Report on the Use
serta telah dilaporkan kepada Otoritas Jasa Keuangan                                     of Proceeds from a Public Offering.
(OJK) dan Bursa Efek Indonesia (BEI) melalui surat
No. UM.05.09/1389A/2018 tanggal 06 April 2018, tentang
Laporan Penggunaan Dana Hasil Penawaran umum.


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                              Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Tinjauan Keuangan
Financial Overview


INFORMASI PENAWARAN UMUM EFEK LAINNYA                                          INFORMATION ON OTHER SECURITIES PUBLIC
                                                                               OFFERING
Sejak   melakukan        penawaran           umum      saham       perdana     Since the initial public offering until the end of 2023, the
sampai dengan akhir tahun 2023, Perusahaan tidak pernah                        Company has not made any other public offerings for equity
melakukan penawaran umum efek lainnya, baik untuk efek                         securities, debt securities, or sukuk. Therefore, there is no
yang bersifat ekuitas ataupun efek yang bersifat utang dan/                    information presented in this Annual Report regarding the
atau sukuk. Dengan demikian, tidak terdapat informasi terkait                  use of proceeds from the public offering of other securities.
penggunaan dana hasil penawaran umum efek lainnya untuk
dilaporkan pada bagian ini.


INFORMASI PEMBELIAN KEMBALI SAHAM                                              INFORMATION ON COMPANY SHARE BUYBACK
PERUSAHAAN
Selama 2023, tidak terdapat aksi korporasi berupa pembelian                    The Company did not engage in any corporate actions
kembali saham Perusahaan. Dengan demikian, tidak terdapat                      involving the buyback of its shares in 2023. As a result, there
informasi perihal pembelian kembali saham Perusahaan                           is no information pertaining to share buybacks presented in
untuk disampaikan pada bagian ini.                                             this section.



Program Kepemilikan Saham oleh Karyawan dan/atau Manajemen
(ESOP/MSOP)
Employees and/or Management Stock Ownership Program (ESOP/MSOP)

Pada tahun 2023, Perusahaan tidak memiliki program                             The Company did not implement Employee Stock Ownership
Kepemilikan Saham oleh Karyawan atau Employee Stock                            Program (ESOP) and/or Management Stock Ownership
Ownership Program (ESOP) dan/atau Kepemilikan Saham                            Program in 2023. The ESOP program was completed in the
oleh Manajemen atau Management Stock Ownership Program                         form of an Employee Stock Allocation (ESA) program in 2014,
(MESOP) yang dilaksanakan Perusahaan. Perusahaan telah                         while the MSOP program was completed in 2019.
menyelesaikan program ESOP berupa program Employee
Stock Allocation (ESA) pada tahun 2014, sementara program
MSOP telah selesai pada tahun 2019.


Informasi Material Mengenai Investasi, Ekspansi, Divestasi,
Penggabungan/Peleburan Usaha, Akuisisi, dan Restrukturisasi Utang/
Modal)
Material Information on Investment, Expansion, Divestment, Merger/
Consolidation, Acquisition, and Debt/Capital Restructuring

Pada tahun 2023, Perusahaan tidak melakukan transaksi                          In 2023, The Company did not engage in any significant
material mengenai investasi, serta aktivitas terkait ekspansi,                 transactions related to investments or activities related to
divestasi, penggabungan/peleburan usaha, akuisisi, dan                         expansion, divestment, business mergers/consolidations,
restrukturisasi     utang/modal.           Dengan      demikian,       tidak   acquisitions, and debt/capital restructuring. Therefore, no
terdapat informasi material mengenai investasi, mencakup                       material information on investment transactions, including
tujuan dan nilai transaksi, serta informasi material mengenai                  their purpose and value, or material information related to
ekspansi,     divestasi,       penggabungan/peleburan                usaha,    expansion, divestment, business merger/consolidation,
akuisisi, dan restrukturisasi utang/modal untuk dilaporkan                     acquisition, and debt/capital restructuring is disclosed in this
pada bagian ini.                                                               section.


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                    Management Discussion and Analysis     Good Corporate Governance           Corporate Social and Environmental Responsibility




                                                                                                                     Tinjauan Keuangan
                                                                                                                     Financial Overview



Informasi Transaksi Material Yang Mengandung Benturan
Kepentingan dan/atau Transaksi Dengan Pihak Afiliasi/ Berelasi
Information on Material Transactions Containing Conflicts of Interest and/
or Transactions with Affiliated/Related Parties

KEBIJAKAN MEKANISME REVIEW ATAS                                                REVIEW MECHANISM POLICY FOR
TRANSAKSI DAN PEMENUHAN PERATURAN DAN                                          TRANSACTIONS AND COMPLIANCE WITH
KETENTUAN TERKAIT                                                              RELATED REGULATIONS AND PROVISIONS
Perusahaan memastikan seluruh kegiatan transaksi yang                          The Company ensures that all transaction activities have been
dilakukan telah melalui prosedur yang memadai dan telah                        conducted with adequate procedures in accordance with the
sesuai dengan prinsip transaksi yang wajar (arm’s length                       arm’s length principle and normal commercial requirements.
principle) serta sesuai dengan persyaratan komersial normal.                   The Company has a policy for material transactions that
Perusahaan menerapkan kebijakan terhadap transaksi                             involve conflicts of interest and/or transactions with
material yang mengandung benturan kepentingan dan/atau                         affiliated/related parties. Any such material transactions are
transaksi dengan pihak afiliasi/pihak berelasi. Transaksi                      carried out in accordance with the precautionary principle
material yang mengandung benturan kepentingan dan/atau                         and generally accepted business practices, and comply with
transaksi dengan pihak afiliasi/pihak berelasi Perusahaan                      OJK Regulation No. 42/POJK.04/2020 regarding Affiliated
senantiasa   dilakukan     dengan          memperhatikan      prinsip          Transactions and Transactions with Conflicts of Interest, as
kehati-hatian sesuai dengan praktik bisnis yang berlaku                        well as PSAK No. 7 on Disclosure of Related Parties.
umum, serta dilakukan dengan memenuhi Peraturan OJK
No. 42/POJK.04/2020 tentang Transaksi Afiliasi dan
Transaksi Benturan Kepentingan, serta PSAK No. 7 tentang
Pengungkapan Pihak-Pihak Berelasi.


PERAN DEWAN KOMISARIS DAN/ATAU KOMITE                                          THE ROLE OF THE BOARD OF COMMISSIONERS
AUDIT DALAM MEMASTIKAN KEWAJARAN                                               AND/OR AUDIT COMMITTEE IN ENSURING FAIR
TRANSAKSI                                                                      TRANSACTIONS
Mekanisme review atas transaksi material yang mengandung                       The review mechanism for material transactions containing
benturan kepentingan dan/atau transaksi dengan pihak                           conflicts of interest and/or transactions with affiliated/
afiliasi/pihak berelasi, dilakukan melalui proses audit oleh                   related parties is carried out through an audit process by the
Komite Audit yang hasilnya kemudian dilaporkan kepada                          Audit Committee, the results of which are then reported to
Dewan Komisaris.                                                               the Board of Commissioners.


Komitmen Perusahaan atau Manajemen atas Transaksi Material yang
Mengandung Benturan Kepentingan dan/ atau Transaksi dengan
Pihak Afiliasi/Pihak Berelasi
Company or Management Commitment for Material Transactions
Containing Conflicts of Interest and/or Transactions with Affiliated Parties/
Related Parties

Dalam pelaksanaan transaksi material yang mengandung                           In conducting material transactions involving conflicts of
benturan kepentingan dan/atau transaksi dengan pihak                           interest and/or transactions with affiliated/related parties,
afiliasi/pihak berelasi, Direksi memastikan bahwa seluruh                      the Board of Directors ensures that all activities have
kegiatan transaksi tersebut telah melalui prosedur yang                        followed adequate procedures and are in accordance with the



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                             Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Tinjauan Keuangan
Financial Overview



memadai dan sesuai dengan prinsip transaksi yang wajar (arm’s                 arm’s length principle. The Company also conducts a review
length principle). Perusahaan melalui Dewan Komisaris dan                     of these transactions through the Board of Commissioners
Komite Audit juga telah melakukan review untuk memastikan                     and the Audit Committee to ensure they comply with
bahwa transaksi material yang mengandung benturan                             generally accepted business practices, meet the principles
kepentingan dan/atau transaksi dengan pihak afiliasi/pihak                    of fair transactions (arm’s length principle), and comply with
berelasi dilaksanakan sesuai dengan praktik bisnis yang                       applicable regulations.
berlaku umum dan telah memenuhi prinsip transaksi yang
wajar (arms-length principle), serta dilaksanakan dengan
memenuhi ketentuan yang berlaku.


Transaksi material antara Perusahaan dengan pihak afiliasi/                   The Company’s material transactions with affiliates/
pihak berelasi merupakan transaksi terkait kegiatan usaha                     related parties are related to its business activities and
yang dijalankan Perusahaan, dilakukan dalam rangka                            aim to generate income. These transactions are carried
menghasilkan pendapatan usaha dan dijalankan secara rutin,                    out routinely, repeatedly, and/or continuously. Throughout
berulang, dan/atau berkelanjutan. Sampai dengan 2023, tidak                   2022, the Company has not violated any laws or regulations
terdapat pelanggaran atas peraturan perundang-undangan                        regarding material transactions that involve conflicts of
terkait transaksi material yang mengandung benturan                           interest and/or transactions with affiliated/related parties.
kepentingan dan/atau transaksi dengan pihak afiliasi/pihak
berelasi yang dilakukan oleh Perusahaan.


INFORMASI MENGENAI TRANSAKSI DENGAN                                           INFORMATION ON TRANSACTIONS WITH
PIHAK AFILIASI                                                                AFFILIATED PARTIES
Pelaksanaan transaksi dengan pihak afiliasi yang dilakukan                    The implementation of transactions with affiliated parties
Perusahaan telah sesuai dengan ketentuan yang tertuang                        carried out by the Company is in accordance with the
dalam POJK No. 42/POJK.04/2020. Perusahaan tidak                              provisions contained in POJK No. 42/POJK.04/2020. The
melakukan transaksi material yang mengandung benturan                         Company did not carry out material transactions containing
kepentingan dan/atau transaksi dengan pihak afiliasi pada                     conflicts of interest and/or transactions with affiliated
2023.                                                                         parties in 2023.


INFORMASI MENGENAI TRANSAKSI DENGAN                                           INFORMATION ON TRANSACTIONS WITH
PIHAK BERELASI                                                                RELATED PARTIES
Perusahaan dan kelompok usahanya memiliki transaksi                           The Company and its business group engage in transactions
dengan pihak-pihak berelasi. Definisi pihak-pihak berelasi                    with related parties as defined by PSAK No. 7 (revised
yang dipakai adalah definisi sesuai PSAK No. 7 (revisi 2010)                  2010) “Related Party Disclosures” and PSAK No. 67 (revised
“Pengungkapan Pihak-Pihak Berelasi” dan PSAK No.67 (revisi                    2013) “Disclosure of Interests in Other Entities”. All material
2013) “Pengungkapan Kepentingan dalam Entitas Lain”.                          transactions and balances with related parties are disclosed
Seluruh transaksi dan saldo yang material dengan pihak-pihak                  in the 2023 Audited Financial Statements notes 35.
berelasi diungkapkan dalam catatan 35 di dalam Laporan
Keuangan Perusahaan tahun 2023 yang telah diaudit.


NAMA PIHAK DAN SIFAT HUBUNGAN BERELASI                                        NAME OF PARTY AND NATURE OF RELATIONSHIP
Perusahaan memiliki transaksi usaha yang signifikan dengan                    The Company conducted significant business transactions
pihak-pihak berelasi. Adapun, informasi terkait nama pihak                    with related parties. Information on names of related parties
berelasi serta sifat hubungan dan transaksi di tahun 2023,                    and the nature of relationships and transactions in 2023 can
dapat dilihat pada tabel berikut:                                             be seen in the following table:




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                       Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis       Good Corporate Governance             Corporate Social and Environmental Responsibility




                                                                                                                            Tinjauan Keuangan
                                                                                                                            Financial Overview



Nama Pihak Berelasi serta Sifat Hubungan dan Transaksi                              Name of Related Party and Nature of Relationship and
                                                                                    Transaction
  Sifat Hubungan /
                              Pihak yang berelasi / Related parties                Objek/Jenis Transaksi / Transaction Object/Type
Nature of Relationship
 Perusahaan di bawah
  entitas pengendali
                          PT Asuransi Jasa Indonesia (Persero)                     Pembelian jasa asuransi / Purchase of Insurance
   / Entities under
   common control
                          PT Asuransi Jiwa IFG                                     Pembelian jasa asuransi / Purchase of Insurance
                                                                                   Penerimaan Pinjaman dan Penempatan Dana / Loan facility and
                          PT Bank Mandiri (Persero) Tbk
                                                                                   Placement of fund
                                                                                   Penerimaan Pinjaman dan Penempatan Dana / Loan facility and
                          PT Bank Negara Indonesia (Persero) Tbk
                                                                                   Placement of fund
                          PT Bank Rakyat Indonesia (Persero) Tbk                   Penempatan dana / Placement of fund
                          PT Bank Syariah Indonesia Tbk                            Penempatan dana / Placement of fund
                          PT Bukit Asam Tbk                                        Pembelian bahan bakar / Purchase of fuel
                          PT Dahana (Persero)                                      Pembelian bahan baku / Purchase of raw material
                                                                                   Pembelian Jasa Angkutan dan Sewa Tanah / Railway service and
                          PT Kereta Api Indonesia (Persero)
                                                                                   Land Rent
                          PT Kereta Api Logistik                                   Pembelian jasa angkutan / Purchase of freight
                          PT Pasoka Sumber Karya                                   Pembelian jasa angkutan / Purchase of freight
                          PT Pelabuhan Tanjung Priok                               Pembelian jasa angkutan / Purchase of freight
                          PT Perusahaan Listrik Negara (Persero)                   Pembelian Energi Listrik / Purchase of electricity
                          PT Petrokimia Gresik                                     Pembelian bahan baku / Purchase of raw material

                          PT Pos Logistik                                          Pembelian jasa angkutan / Purchase of freight

                          PT Semen Indonesia Distributor                           Pembelian bahan baku / Purchase of clinker
                          PT Sucofindo (Persero)                                   Pembelian jasa surveyor / Purchase of surveyor
                          PT Telekomunikasi Indonesia (Persero)                    Pembelian Jasa Komunikasi / Purchase of communication
                          PT Varia Usaha Beton                                     Penjualan Semen / Sales of cement
                          PT Indonesia Comnets Plus                                Pembelian jasa IT / Purchase of IT service
                          PT Telemedia Dinamika Sarana                             Pembelian jasa IT / Purchase of IT service
                          PT Pupuk Sriwidjaja Palembang                            Pengelolaan limbah / Waste management
                          Badan Penyelenggara               Jaminan    Sosial
                                                                                   Pembelian jasa asuransi / Purchase of insurance
                          (BPJS)
                          Baturaja Daya Insani                                     Pembelian jasa tenaga kerja / Purchase of labor services
                                                                                   Pembelian bahan baku dan penunjang / Purchase of raw material and
                          PT Industri Kemasan Semen Gresik
                                                                                   supplies
                          Koperasi Karyawan Semen Baturaja                         Pembelian jasa / Purchase of services
                          PT Bio Farma (Persero)                                   Pembalian jasa kesehatan / Purchase of health services
                          Asuransi Kredit Indonesia                                Pembelian jasa asuransi / Purchase of insurance



ALASAN TRANSAKSI DENGAN PIHAK BERELASI                                              REASONS FOR TRANSACTIONS WITH RELATED PARTIES
Pada tahun 2023, Perusahaan tidak melakukan transaksi                               In 2023, the Company did not engage in material transactions
material yang mengandung benturan kepentingan. Seluruh                              that contain conflicts of interest. All transactions with the
transaksi dengan pihak berelasi Perusahaan pada 2023                                Company's related parties in 2023 was carried out based on
dilakukan atas dasar kebutuhan usaha Perusahaan, dilakukan                          the Company's business needs, free from conflicts of interest.
bebas dari adanya konflik kepentingan.




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                             Performance Highlights            Management Report      Company Profile      Overview on Business Supports




Tinjauan Keuangan
Financial Overview



REALISASI TRANSAKSI DENGAN PIHAK BERELASI                                          REALIZATION OF TRANSACTIONS WITH RELATED PARTIES
Perusahaan melakukan transaksi dengan pihak-pihak berelasi                         The Company engaged in transactions with related parties
telah dilakukan dengan syarat-syarat dan kondisi normal,                           on normal terms and conditions, including payments made by
sesuai praktik usaha yang wajar dan berlaku umum. Transaksi                        the Company on behalf of related parties, and vice versa.
yang dimaksud mencakup pembayaran oleh Perusahaan atas
beban-beban pihak-pihak berelasi atau sebaliknya.


Perincian transaksi dan saldo kepada pihak berelasi                                Details of transactions and balances to related parties of the
Perusahaan pada 2022 dan 2023 adalah sebagai berikut:                              Company in 2022 and 2023 are as follows:


Dalam jutaan rupiah, kecuali dinyatakan lain.                                      In millions of rupiah, unless otherwise stated.
                                             Uraian / Description                                                        2023                   2022
                                                         Persentase atas Aset / Percentage of Assets
Kas dan Setara Kas / Cash and Cash Equivalents                                                                                     8.087               72.574
  Persentase terhadap Jumlah Aset / Percentage of Total Assets                                                                     0,17%               1,38%
Deposito Berjangka / Time Deposit                                                                                                90.000           440.000
Persentase terhadap Jumlah Aset / Percentage of Total Assets                                                                       1,85%               8,39%
Piutang usaha / Trade Receivables                                                                                               336.458                 8.418
  Persentase terhadap Jumlah Aset / Percentage of Total Assets                                                                    6,93%                0,16%
Piutang lain-lain / Other Receivables                                                                                               3.133              2.842
  Persentase terhadap Jumlah Aset / Percentage of Total Assets                                                                    0,06%                0,05%
Aset keuangan lancar lainnya / Other Current Financial Assets                                                                         978                330
  Persentase terhadap Jumlah Aset / Percentage of Total Assets                                                                    0,02%                0,01%
Aset tidak lancar lainnya / Other Non-Current Assets                                                                                  150              53.436
  Persentase terhadap Jumlah Aset / Percentage of Total Assets                                                                    0,00%                1,02%
Beban dibayar dimuka / Prepaid Expenses                                                                                                     -          19.843
  Persentase terhadap Jumlah Aset / Percentage of Total Assets                                                                    0,00%                0,38%
Uang jaminan / Cash deposits                                                                                                      17.862               17.862
  Persentase terhadap Jumlah Aset / Percentage of Total Assets                                                                    0,37%                0,34%
                                                      Persentase atas Liabilitas / Percentage of Liabilities
Utang Usaha / Trade Payables                                                                                                    122.085            121.256
  Persentase terhadap Jumlah Liabilitas / Percentage of Total Liabilities                                                         7,20%                5,60%
Utang Lain-Lain / Other Payables                                                                                                   2.856               21.373
  Persentase terhadap Jumlah Liabilitas / Percentage of Total Liabilities                                                          0,17%               0,99%
Beban Aktual / Actual Expenses                                                                                                    27.027               21.320
  Persentase terhadap Jumlah Liabilitas / Percentage of Total Liabilities                                                          1,59%               0,98%
                                                        Persentase atas Penjualan / Percentage of Sales
Penjualan / Sales                                                                                                            1.585.470                 31.818
  Persentase terhadap Jumlah Penjualan / Percentage of Total Sales                                                               77,69%                1,69%
Pembelian Produk dan Jasa / Purchase of Products & Services                                                                     468.389            463.961
  Persentase terhadap Jumlah Penjualan / Percentage of Total Sales                                                              25,66%             28,50%




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                    Management Discussion and Analysis   Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                                    Tinjauan Keuangan
                                                                                                                    Financial Overview



Prospek Usaha
Business Outlook

Perekonomian global diperkirakan masih menghadapi                            The global economy is estimated to continue facing several
sejumlah tantangan dan faktor risiko pada 2024, berakibat                    challenges and risks in 2024, resulting in restrained economic
pada tertahannya pertumbuhan ekonomi. Hal tersebut                           growth. This can be seen in the World Bank's projections
terlihat pada proyeksi Bank Dunia yang memperkirakan                         which estimate world economic growth in 2024 at 2.4%,
pertumbuhan ekonomi dunia pada 2024 adalah sebesar 2,4%,                     lower than the estimated growth in 2023 of 2.6%. However,
lebih rendah dibanding estimasi pertumbuhan pada 2023 yang                   economic conditions are expected to improve, supported
sebesar 2,6%. Meski demikian, kondisi ekonomi diperkirakan                   by improvements in the economies of influential countries,
akan membaik didukung perbaikan ekonomi negara-negara                        such as the People's Republic of China and the United States,
berpengaruh, seperti Republik Rakyat Tiongkok dan Amerika                    along with the assumption of a decline in fuel and non-fuel
Serikat, seiring asumsi akan terjadinya penurunan harga                      commodity prices in 2024-2025.
komoditas bahan bakar dan non-bahan bakar pada 2024-
2025.


Di tengah tantangan pada ekonomi global, ekonomi Indonesia                   In the midst of global economic challenges, the Indonesian
diperkirakan mampu melanjutkan stabilitas pertumbuhan.                       economy projects to maintain its stable growth. Bank
Bank Indonesia memprediksi ekonomi Indonesia akan tumbuh                     Indonesia estimates the Indonesian economy to grow in
pada kisaran 4,7-5,5%, ditopang permintaan domestik, baik                    the range of 4.7-5.5%, supported by domestic demand in
pada konsumsi rumah tangga ataupun investasi. Investasi                      household consumption and investment. Building investment
bangunan diperkirakan terealisasi lebih tinggi dibanding                     is estimated to be realized higher than expectations,
ekspektasi, didukung kelanjutan Proyek Strategis Nasional                    supported by the continuation of National Strategic Projects
(PSN) di sejumlah daerah dan berkembangnya properti swasta                   (PSN) in a number of regions and the development of private
sebagai dampak positif dari insentif pemerintah. Tingkat                     property as a positive impact of government incentives. The
inflasi diperkirakan mampu terjada pada kisaran 2,5±1%                       inflation rate is estimated to be maintained in the range of 2.5
dengan inflasi inti diperkirakan terjaga ditopang kapasitas                  ± 1% along with core inflation supported by large economic to
ekonomi yang masih besar dan dapat merespons permintaan                      respond to domestic demand.
domestik.


Dengan memperhatikan proyeksi ekonomi, baik pada                             Considering global and national economic projections, the
lingkup global maupun nasional, industri semen Indonesia                     Indonesian cement industry is estimated to be in a positive
diperkirakan berada pada kondisi yang positif. Meski                         condition. However, oversupply and intense industrial
demikian, kondisi oversupply serta ketatnya persaingan                       competition shall continue to pose challenges in 2024,
industri diperkirakan tetap menjadi tantangan pada tahun                     including in the Southern Sumatra region. Factors expected
2024, termasuk pada wilayah Sumatra Bagian Selatan                           to contribute positively to the growth of the cement industry
(Sumbagsel). Faktor yang diperkirakan mampu berkontribusi                    include the development of the Indonesian Capital City
positif terhadap pertumbuhan industri semen mencakup                         (IKN), especially for SIG as a SOE group, supported by its
pembangunan Ibu Kota Nusantara (IKN), khususnya bagi SIG                     strategic position with production facilities in Balikpapan and
sebagai grup BUMN, didukung posisi strategis dengan adanya                   Samarinda.
fasilitas produksi di Balikpapan dan Samarinda.




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                               Performance Highlights       Management Report      Company Profile      Overview on Business Supports




Tinjauan Keuangan
Financial Overview


Prospek industri semen pada 2024 antara lain tercermin                          The prospects for the cement industry in 2024 are reflected,
melalui tren permintaan semen nasional pada 2022-2023                           among others, in the national cement demand in 2022-2023
yang dapat dilihat pada tabel berikut:                                          which can be seen in the following table:


Permintaan Semen Nasional 2022-2023                                             National Cement Demand in 2022-2023
Dalam ton.                                                                      In tons.
                                                                                                                                         Pertumbuhan /
                            Daerah / Region                                        2023                      2022
                                                                                                                                            Growith
Sumatra                                                                                  13.951.425                13.237.305                            5,4
Jawa                                                                                    32.428.384                32.224.413                             0,6
Kalimantan                                                                                  5.177.151              4.238.660                         22,1
Sulawesi                                                                                   6.199.358                6.422.514                        (3,5)
Nusa Tenggara                                                                              3.953.799                3.495.319                            13,1
Indonesia Timur / Eastern Indonesia                                                        2.305.671                 2.180.150                           5,8
Jumlah / Total                                                                          64.015.788                 61.798.361                            3,6



Dengan mempertimbangkan kondisi perekonomian nasional                           Taking into account national economic conditions which are
yang diprediksi mampu melanjutkan stabilitas ekonomi di                         predicted to maintain its stability amidst global challenges,
tengah tantangan global, serta didukung kelanjutan proyek                       supported by the continuation of infrastructure development
pembangunan infrastruktur terutama dalam mendukung                              projects, especially in supporting inter-regional connectivity
konektivitas antar-wilayah dan pembangunan infrastruktur                        and infrastructure development for the New National Capital
Ibu Kota Negara Baru (IKN), tingkat permintaan semen                            City (IKN), the demand for cement is predicted to increase in
diperkirakan akan meningkat pada 2024.                                          2024.


Mengacu pada laporan Bank Mandiri, penjualan semen                              Bank Mandiri reports that domestic cement sales are
domestik diperkirakan akan tumbuh pada kisaran 3-5%                             estimated to grow in the range of 3-5% in 2024, or have the
pada 2024, atau berpotensi meningkat dibanding realisasi                        potential to increase compared to actual growth in 2023
pertumbuhan pada 2023 yang sebesar 3,5% (Daily Economic                         which was 3.5% (Daily Economic and Market Review, January
and Market Review, Januari 2024). Di antara sejumlah faktor                     2024). Factors that are expected to impact these include the
yang diperkirakan akan berpengaruh antara lain kebijakan                        0% VAT incentive policy for purchasing ready-to-live-in house
insentif PPN 0% untuk pembelian properti rumah dan                              and apartment properties with prices under Rp5 billion, valid
apartemen siap huni dengan harga di bawah Rp5 miliar,                           from November 2023 to June 2024, as well as VAT incentive of
yang berlaku pada November 2023 hingga Juni 2024, serta                         up to 50% valid from July to December 2024. In addition, the
adanya insentif PPN mencapai 50% yang berlaku Juli hingga                       acceleration of IKN development and increased government
Desember 2024. Selain itu, percepatan pembangunan                               infrastructure spending are expected to provide strong
IKN serta peningkatan belanja infrastruktur pemerintah                          support for cement demand growth in 2024.
diperkirakan akan memberi dukungan kuat bagi pertumbuhan
permintaan semen pada 2024.


Menyikapi prospek usaha tersebut, Perusahaan menetapkan                         In response to this business outlook, the Company has set
sasaran penjualan sebesar 2,67 juta ton pada tahun 2024.                        a sales target of 2.67 million tons in 2024. Moreover, the
Lebih dari itu, prospek usaha Perusahaan akan didukung                          Company's business outlook is supported by the positive
dampak positif bergabungnya Semen Baturaja ke dalam                             impact of Semen Baturaja joining the Semen Indonesia
Semen Indonesia (SIG), sebagai wujud sinergi dalam                              (SIG), in synergy to create added value to accelerate nstionsl
rangka menciptakan nilai tambah positif bagi percepatan                         development. The joining of Semen Baturaja into SIG is
pembangunan negeri. Bergabungnya Semen Baturaja ke                              expected to have a positive impact in the form of more




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                    Management Discussion and Analysis   Good Corporate Governance           Corporate Social and Environmental Responsibility




                                                                                                                   Tinjauan Keuangan
                                                                                                                   Financial Overview


dalam SIG diperkirakan akan menghadirkan dampak positif                      opportunities for dominant market control, especially in the
berupa terbukanya peluang penguasaan pasar secara lebih                      Southern Sumatra region, thus encouraging the Company's
dominan, khususnya pada wilayah Sumbagsel, yang kemudian                     performance growth in 2024.
mendorong pertumbuhan kinerja Perusahaan pada 2024.



Aspek Pemasaran
Marketing Aspect

STRATEGI PEMASARAN                                                           MARKETING STRATEGY
KEBIJAKAN PEMASARAN                                                          MARKETING POLICY
Dalam menjalankan aktivitas bisnisnya, Perusahaan terus                      In conducting its business, the Company always strive to reach
berupaya untuk menjangkau pelanggan di seluruh wilayah                       customers in all marketing areas. Cement sales are carried
pemasaran. Penjualan semen dilakukan di wilayah Sumbagsel                    out in the Southern Sumatra region with a focus on areas
dengan fokus pada wilayah yang mampu memberikan                              that are able to give margin contribution to the Company's
kontribusi margin bagi kinerja Perusahaan. Di antara faktor                  performance. Factors that influence customer satisfaction
yang berpengaruh terhadap kepuasan pelanggan mencakup                        include maintaining product quality and continuity of supply.
penjagaan atas kualitas produk serta kontinuitas pasokan.                    By joining the Company into the SIG group, the marketing and
Dengan bergabungnya Perusahaan ke dalam grup SIG, maka                       sales functions are focused on SIG as the Holding. SIG plays
fungsi pemasaran dan penjualan difokuskan kepada SIG selaku                  a role in determining the marketing strategy implemented by
Holding. SIG berperan dalam menetapkan strategi pemasaran                    the Company as the Operating Company (OpCo) through the
yang diterapkan oleh Perusahaan selaku Operating Company                     following:
(OpCo) dengan melakukan hal-hal sebagai berikut:


Strategi Multibrand & Dynamic Pricing                                        Multibrand Strategy & Dynamic Pricing
Strategi ini disusun untuk mengoptimalkan profitabilitas di                  This strategy was designed to optimize profitability in the
pasar semen di tengah pertumbuhan permintaan semen yang                      cement market amidst cement demand growth which is
masih terkontraksi sementara industri masih mengalami                        still in contraction while experiencing excess and additional
kelebihan bahkan penambahan kapasitas pasok. Strategi                        supply. This strategy optimizes product marketing with
ini dilakukan dengan mengoptimalkan pemasaran produk                         premium brands from each OpCo SIG in each of its main
dengan merek premium dari masing-masing OpCo SIG di                          markets, as well as uses certain brands selectively in market
masing-masing pasar utamanya, serta menggunakan merek                        areas with high competition in terms of the number of players
tertentu secara selektif di area pasar dengan persaingan                     and differences in selling prices. This strategy is deemed
yang tinggi dari sisi jumlah pemain dan perbedaan harga jual.                appropriate to maintain conducive industrial conditions
Strategi ini dipandang tepat untuk menjaga kondisi industri                  without triggering a price war.
tetap kondusif dengan tidak memicu perang harga.


Mega Distributor                                                             Mega Distributor
Untuk meningkatkan efektivitas dan efisiensi pemasaran                       To increase the effectiveness and efficiency of marketing
dan distribusi, SIG menerapkan skema distributor tunggal                     and distribution, SIG has implemented a single distributor
atau mega distributor sejak 2020 yang berperan untuk                         or mega distributor scheme since 2020 whose role is to
memasarkan serta mendistribusikan seluruh produk dari                        market and distribute all products from each SIG OpCo
masing-masing OpCo SIG melalui jaringan distribusi yang                      through its distribution network throughout its marketing
dimiliki ke seluruh wilayah pemasarannya di Indonesia dan                    areas in Indonesia and regionally. This scheme provides
regional. Skema ini memberi berbagai manfaat, antara lain                    various benefits, including transaction cost efficiency and
efisiensi biaya transaksi dan penyederhanaan operasional                     simplification of distributor operations. The mega distributor



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                             Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Tinjauan Keuangan
Financial Overview



distributor. Pendekatan mega distributor juga semakin                         approach also facilitates marketing of SIG's entire product
mempermudah pemasaran seluruh portofolio produk SIG baik                      portfolio for existing products and those being developed, so
yang telah ada maupun yang sedang dikembangkan, sehingga                      that customers can reach the entire product portfolio by only
pelanggan dapat menjangkau seluruh portofolio produk                          dealing with one party.
dengan hanya berhubungan dengan satu pihak.


Inovasi Produk                                                                Product Innovation
SIG senantiasa melakukan inovasi produk untuk memperluas                      SIG always innovates products to expand the market tailored
pasar yang disesuaikan dengan kebutuhan pelanggan.                            to customer needs. To continue to reduce the environmental
Untuk terus menekan dampak lingkungan dari emisi CO2                          impact of CO2 emissions and achieve quality construction,
serta mewujudkan konstruksi yang berkualitas, SIG terus                       SIG continues to encourage the use of environmentally
mendorong pemanfaatan semen ramah lingkungan dengan                           friendly cement with Green Product certification from the
sertifikasi Green Product dari Green Product Council Indonesia.               Green Product Council Indonesia. Furthermore, the Company
Selain itu, Perusahaan juga berfokus pada penjualan produk                    focuses on selling derivative products such as White Clay
derivatif seperti White Clay dan Limestone, didukung                          and Limestone, supported by the acquisition of patent rights
perolehan hak paten untuk produk White Clay dari Direktorat                   for White Clay products from the Directorate General of
Jenderal Kekayaan Intelektual Kementerian Hukum dan Hak                       Intellectual Property of the Ministry of Law and Human Rights
Asasi Manusia (Kemenkumham) Republik Indonesia atas                           (Kemenkumham) of the Republic of Indonesia for the White
Proses Produksi White Clay sebagai bahan baku pupuk NPK                       Clay Production Process as a raw material for fertilizer NPK
dengan Nomor Paten: IDP000090055.                                             with Patent Number: IDP000090055.


Komunikasi Pemasaran                                                          Marketing Communications
SIG secara aktif melakukan komunikasi pemasaran untuk                         SIG actively carries out marketing communications to
mendukung keberhasilan implementasi strategi pemasaran                        support the successful implementation of the marketing
yang dijalankan. Perusahaan telah menjalankan strategi                        strategy. The Company has implemented an integrated
komunikasi pemasaran yang terintegrasi, dengan Komunikasi                     marketing communications strategy through provision
pemasaran Perusahaan dilakukan melalui kegiatan antara lain                   of merchandise to construction workers and the general
pemberian merchandise kepada pekerja bangunan hingga                          public, advertising, as well as cooperation and sponsorship in
masyarakat umum, iklan, serta kerja sama dan sponsorship                      sports, educational, community/agency activities and other
pada kegiatan olahraga, pendidikan, komunitas/instansi                        events, especially in the base area. marketing. Marketing
dan event lainnya terutama di wilayah basis pemasaran.                        communications are delivered through various media such
Komunikasi pemasaran disampaikan melalui berbagai media                       as social media, outdoor media, and electronic media;
seperti media sosial, media luar ruang, dan media elektronik;


PANGSA PASAR                                                                  MARKET SHARE
Pada posisi akhir 2023, industri semen nasional mengalami                     At the end of 2023, the national cement industry experienced
peningkatan permintaan dengan persentase 3,6% dibanding                       an increase in demand by 3.6% compared to the same period
periode yang sama pada tahun sebelumnya. Peningkatan                          in the previous year. The increase in demand occurred in a
permintaan terjadi pada sejumlah wilayah di Indonesia,                        number of regions in Indonesia, including Sumatra Island
meliputi Pulau Sumatra (5,4%), Pulau Jawa (0,6%), Pulau                       (5.4%), Java Island (0.6%), Kalimantan Island (22.1%), Bali and
Kalimantan (22,1%), Pulau Bali dan Nusa Tenggara (13,1%)                      Nusa Tenggara Islands (13.1%) and Eastern Indonesia (5.8%),
dan Indonesia Timur (5,8%), hanya Pulau Sulawesi yang turun                   only Sulawesi Island fell (-3.5%). Details of the growth in
(-3,5%). Perincian pertumbuhan permintaan semen nasional                      national cement demand can be seen in the following table:
dapat dilihat pada tabel berikut:




324        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik                Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance                       Corporate Social and Environmental Responsibility




                                                                                                                                Tinjauan Keuangan
                                                                                                                                Financial Overview



                                                                                      Volume Permintaan (Ton) /                                          Pertumbuhan
                       Daerah / Region                                                  Demand Volueme (Ton)                                             permintaan /
                                                                                    2023                                  2022                          Demand growth
Sumatra                                                                                      13.951.425                         13.237.305                         5,4%
Jawa                                                                                    32.428.384                             32.224.413                          0,6%
Kalimantan                                                                                    5.177.151                         4.238.660                          22,1%
Sulawesi                                                                                     6.199.358                           6.422.514                         -3,5%
Nusa Tenggara                                                                                3.953.799                           3.495.319                         13,1%
Indonesia Timur / Eastern Indonesia                                                          2.305.671                           2.180.150                         5,8%
Jumlah / Total                                                                           64.015.788                             61.798.361                         3,6%



Permintaan semen pada wilayah Sumbagsel pada 2023                             Cement demand in the South Sumatra region in 2023
mengalami peningkatan sebesar 1,8%. Penurunan permintaan                      experienced an increase of 1.8%. The decline in demand in
terjadi di wilayah Sumatera Selatan, Bangka Belitung serta                    the South Sumatra, Bangka Belitung and Bengkulu regions.
Bengkulu. Sementara itu, terjadi peningkatan permintaan                       Meanwhile, there has been an increase in demand in the
pada wilayah Jambi dan Lampung.                                               Jambi and Lampung areas.


Dalam ton.                                                                    In tons.
                                                                                             Volume Permintaan /                                         Pertumbuhan
                       Daerah / Region                                                         Demand Volueme                                            permintaan /
                                                                                    2023                                  2022                          Demand growth
Aceh                                                                                          1.057.559                           1.120.707                        -5,6%
Sumatra Utara / North Sumatra                                                                2.925.836                           2.592.792                         12,8%
Sumatra Barat / West Sumatra                                                                  1.161.470                            1.116.378                       4,0%
Riau                                                                                          1.863.671                          1.736.896                          7,3%
Kep. Riau                                                                                      944.692                               778.661                       21,3%
Sumbagsel
Jambi                                                                                         1.071.621                            952.826                         12,5%
Sumatra Selatan / South Sumatra                                                               2.115.523                           2.152.113                        -1,7%
Bangka Belitung                                                                                316.644                              351.069                        -9,8%
Bengkulu                                                                                       507.441                              524.123                        -3,2%
Lampung                                                                                      1.986.968                             1.911.739                       3,9%
Subtotal Sumbagsel / Southern Sumatra Subtotal                                               5.998.197                           5.891.870                          1,8%
Total Sumatra                                                                            13.951.425                            13.237.305                          5,4%



Menghadapi situasi eksternal dan telah bergabungnya                           Due to external conditions and the Company merging into one
Perusahaan menjadi salah satu anak perusahaan SIG, Maka                       of SIG's subsidiaries, separate marketshare data for Semen
data marketshare tersendiri untuk produk Semen Baturaja                       Baturaja products is not available. However, the Indonesian
tidak tersedia, mengingat bahwa Asosiasi Semen Indonesia                      Cement Association (ASI) has accumulated the entire sales
(ASI) telah mengakumulasikan seluruh volume penjualan                         volume of all cement producers under the SIG group into one
seluruh produsen semen di bawah grup SIG menjadi satu                         unit. The sales realization versus demand in each region is
kesatuan. Adapun realisasi penjualan berbanding permintaan                    presented in the following table:
di masing-masing wilayah tersaji pada tabel berikut:




                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen             Profil Perusahaan          Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report             Company Profile            Overview on Business Supports




Tinjauan Keuangan
Financial Overview



Dalam ton, kecuali dinyatakan lain.                                                 In tons, unless otherwise stated.
                                                                                            Volume                                                          Perubahan
                                                                      Volume
                                                                                          Permintaan             Market Share         Market Share         Market Share /
                     Wilayah / Region                               Penjualan /
                                                                                           / Demand                 2023                 2022              Market Share
                                                                   Sales Volume
                                                                                            Volume                                                            Change
Jambi                                                                          146.001           1.071.621                  14%                      14%                -
Sumatra Selatan / South Sumatra                                           1.197.588             2.115.523                  52%                       49%             2%
Bangka Belitung                                                                 6.300             316.644                    2%                      6%              -4%
Bengkulu                                                                       65.844              507.441                  13%                      16%             -3%
Lampung                                                                    744.992              1.986.968                  32%                       37%              5%
Sumbagsel / Southern Sumatra                                             2.160.725              5.998.197                  33%                       34%             2%
Kalimantan Barat / West Kalimantan                                                   -                       -                   -                     -                -


Kondisi market share nasional pada posisi 31 Desember                               he national market share as of December 31, 2023 was still
2023 masih didominasi oleh Semen Indonesia Group (SIG),                             dominated by Semen Indonesia Group (SIG) with the market
dengan market share grup produsen semen terbesar nasional                           share of the largest national cement manufacturer group
tersebut mencapai 52%, disusul oleh Semen Tiga Roda                                 reaching 52%, followed by Semen Tiga Roda reaching 27%,
mencapai 27%, selanjutnya Semen Conch dan Semen Merah                               then Semen Conch and Semen Merah Putih at 7 %, Semen
Putih sebesar 7%, Semen Singa Merah mencapai 3%, SCG                                Singa Merah at 3%, SCG and Bima at 2%. With Semen Baturaja
dan Bima 2%. Dengan bergabungnya Semen Baturaja ke                                  joining SIG holding at the end of 2022, SIG's sales volume and
dalam holding SIG pada akhir tahun 2022, volume penjualan                           market share in 2023 has increased 3% compared to the
dan market share SIG di tahun 2023 telah meningkat 3%                               previous year.
dibanding tahun sebelumnya.


Dalam ton, atau dinyatakan lain.                                                    In tons, unless otherwise stated.
                                                                                    Volume Penjualan (Ton) /
                     Produsen / Manufacturer                                                                                                   Marketshare
                                                                                       Sales Volume (Ton)
Semen Indonesia                                                                               31.155.431                                              48
Semen Merah Putih                                                                             4.555.990                                               7
Tiga Roda                                                                                     17.464.910                                              27
SCG                                                                                            1.242.603                                              2
Semen Bima                                                                                     1.218.654                                              2
Semen Singa Merah                                                                              1.908.495                                              3
Conch                                                                                          4.523.014                                              7




Perubahan Peraturan Perundang-Undangan terhadap Perusahaan
pada Tahun Buku Terakhir
Changes in Legislation to the Company in the Last Fiscal Year

Perusahaan berkomitmen senantiasa memenuhi aspek                                    The Company is committed to always fulfilling aspects
kepatuhan terhadap peraturan perundang-undangan. Atas                               of compliance with statutory regulations. Therefore,
komitmen tersebut, Perusahaan secara berkala memonitor                              the Company regularly monitors and reviews changes in
dan menelaah perubahan perundang-undangan untuk                                     legislation to be implemented in its business. Changes in laws
diimplementasikan ke dalam kegiatan usahanya. Perubahan                             and regulations affecting the Company in 2023 are as follows:
peraturan perundang-undangan yang berpengaruh terhadap
Perusahaan pada tahun 2023 adalah sebagai berikut:



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                    Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik           Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis          Good Corporate Governance                  Corporate Social and Environmental Responsibility




                                                                                                                                 Tinjauan Keuangan
                                                                                                                                 Financial Overview



        Peraturan Perundang-                                                                   Dampak Bagi Perusahaan / Impact                  Upaya Mitigasi / Mitigation
No                                           Pokok Perubahan / Principal Changes
        undangan / Legislation                                                                        on the Company                                     Efforts
1    Undang-Undang          Nomor       Undang-Undang Nomor 4 Tahun 2023                       Perusahaan wajib menyesuaikan                 Evaluasi           penyesuaian
     4   Tahun    2023     tentang      tentang Pengembangan dan Penguatan                     peraturan dana pensiun yang                   peraturan     dana     pensiun
     Pengembangan dan Penguatan         Sektor Keuangan antara lain kelembagaan,               dimiliki oleh entitas dana pensiun            yang dimiliki dan didirikan
     Sektor Keuangan. / Law             perbankan, pasar modal, pasar uang, pasar              yang didirikan oleh Perusahaan. /             oleh Perusahaan. / Evaluate
     No. 4 of 2023 concerning           valuta asing, perasuransi dan penjaminan,              The Company is obliged to adjust              adjustments      to    pension
     the     Development       and      asuransi usaha bersama, dana pensiun,                  the regulations for pension funds             fund regulations owned and
     Strengthening of the Financial     kegiatan koperasi, lembaga keungan                     owned by the pension fund entity              established by the Company.
     Sector                             mikro, dan lain-lain. / Law No. 4 of 2023              established by the Company.
                                        concerning Development and Strengthening
                                        of the Financial Sector, including institutions,
                                        banking, capital markets, money markets,
                                        foreign exchange markets, insurance and
                                        guarantees, joint venture insurance, pension
                                        funds, cooperative activities, micro financial
                                        institutions, and others.
2    Undang-Undang Nomor 6              Undang-Undang Nomor 6 Tahun 2023                       Perusahaan wajib tunduk dan                   memberikan             komitmen
     Tahun 2023 tentang Penetapan       tentang Penetapan Peraturan Pemerintah                 menyesuaikan       prosedur   dan/            Perusahaan dalam memberikan
     Peraturan         Pemerintah       Pengganti Undang-Undang Nomor 2 Tahun                  atau dokumen-dokumen internal                 pelindungan tenaga kerja
     Pengganti     Undang-Undang        2022 tentang Cipta Kerja menjadi Undang-               Perusahaan terhadap ketentuan-                dan keberlangsungan usaha
     Nomor 2 Tahun 2022 tentang         Undang adalah Negara perlu melakukan                   ketentuan yang diatur dalam                   untuk menjawab tantangan
     Cipta Kerja menjadi Undang-        berbagai upaya untuk memenuhi hak warga                Undang-Undang Nomor 6 Tahun                   perkembangan            dinamika
     Undang. / Law No. 6 of 2023        negara atas pekerjaan dan penghidupan yang             2023 tentang Penetapan Peraturan              ketenagakerjaan.        Misalnya,
     concerning the Stipulation of      layak bagi kemanusiaan melalui cipta kerja. /          Pemerintah Pengganti Undang-                  masalah ketentuan alih daya
     Government Regulations in          Law No. 6 of 2023 concerning the Stipulation           Undang Nomor 2 Tahun 2022                     (outsourcing)     yang      jenis
     Lieu of Law Number 2 of 2022       of Government Regulations in Lieu of Law No.           Tentang Cipta Kerja Menjadi                   pekerjaannya      dibatasi.     /
     concerning Job Creation into       2 of 2022 concerning Job Creation into Law             Undang-Undang. / The Company is               providing     the     Company's
     Law.                               means that the State needs to make various             obliged to comply with and adapt              commitment to providing
                                        efforts to fulfill citizens' rights to work and        the Company's internal procedures             workforce protection and
                                        earn a decent living through job creation              and/or documents to the provisions            business continuity to answer
                                                                                               regulated in Law No. 6 of 2023                the challenges of developing
                                                                                               concerning the Determination of               employment dynamics. For
                                                                                               Government Regulations in Lieu of             example, the problem of
                                                                                               Law No. 2 of 2022 concerning Job              outsourcing provisions is that
                                                                                               Creation Into Law.                            the type of work is limited
3    Peraturan Pemerintah Nomor         Peraturan yang merupakan pelaksanaan atas              Perusahaan wajib tunduk pada                  Mencegah degradasi lahan
     25 Tahun 2023 tentang Wilayah      ketentuan beberapa pasal Undang-Undang                 Peraturan ini dalam hal Perusahaan            yang lebih lanjut pasca
     Pertambangan. / Government         Nomor 4 Tahun 2009 tentang Pertambangan                melakukan penetapan wilayah                   penambangan.      /   Prevent
     Regulation No. 25 of 2023          Mineral dan Batubara sebagaimana telah                 pertambangan, termasuk dalam hal              further land degradation after
     concerning Mining Areas.           diubah dengan Undang-Undang Nomor                      Perusahaan menerima penugasan                 mining
                                        3 Tahun 2020 tentang Perubahan atas                    dari Menteri. / The Company
                                        Undang-Undang Nomor 4 Tahun 2009                       is obliged to comply with this
                                        tentang Pertambangan Mineral dan Batubara.             Regulation in the event that the
                                        Peraturan ini mengatur mengenai antara                 Company determines a mining
                                        lain (i) mekanisme penetapan wilayah                   area, including in the event that the
                                        pertambangan, (ii) penugasan kepada                    Company receives an assignment
                                        lembaga riset negara/ BUMN/ BUMD/ badan                from the Minister.
                                        usaha lain untuk melakukan penyelidikan
                                        dan penelitian dalam rangka penyiapan WIUP
                                        mineral dan WIUP batubara, (iii) penetapan
                                        batas luas WIUP, (iv) pedoman, prosedur, dan
                                        penetapan wilayah pertambangan rakyat. /
                                        Regulations which are implementation of the
                                        provisions of several articles of Law Number
                                        4 of 2009 concerning Mineral and Coal Mining
                                        as amended by Law Number 3 of 2020
                                        concerning Amendments to Law Number 4 of
                                        2009 concerning Mineral and Coal Mining. This
                                        regulation regulates, among other things, (i)
                                        mechanisms for determining mining areas, (ii)
                                        assignments to state research institutions/
                                        BUMN/BUMD/other business entities to carry
                                        out investigations and research in the context
                                        of preparing mineral WIUPs and coal WIUPs,
                                        (iii) determining area boundaries WIUP, (iv)
                                        guidelines, procedures and determination of
                                        community mining areas.




                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
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                           Ikhtisar Kinerja               Laporan Manajemen         Profil Perusahaan          Tinjauan Unit Pendukung Bisnis
                           Performance Highlights         Management Report         Company Profile            Overview on Business Supports




Tinjauan Keuangan
Financial Overview


         Peraturan Perundang-                                                             Dampak Bagi Perusahaan / Impact               Upaya Mitigasi / Mitigation
 No                                           Pokok Perubahan / Principal Changes
         undangan / Legislation                                                                  on the Company                                  Efforts
 4    Peraturan        Pemerintah        Peraturan       ini    mengatur      mengenai    Perusahaan sebagai pengguna memaksimalkan penggunaan
      Nomor     33   Tahun   2023        (i)   pelaksanaan        konservasi    energi,   sumber energi dalam melaksanakan energy terbarukan. / maximize
      tentang Konservasi Energi. /       (ii) penyediaan data dan informasi               kegiatan       usahanya       wajib the use of renewable energy.
      Government Regulation No.          mengenai          pelaksanaan       konservasi   melaksanakan konservasi energi
      33 of 2023 concerning Energy       energi oleh pemerintah/ pemerintah               dengan ketentuan sebagaimana
      Conservation.                      daerah/ BUMN/ BUMD/ badan usaha                  diatur dalam Peraturan ini, seperti
                                         lain, (iii) pemberian kemudahan, insentif,       menerapkan perilaku hemat energi
                                         dan       disinsentif     oleh   pemerintah/     dan/atau menerapkan teknologi
                                         pemerintah          daerah,(iv)     pembinaan    efisien energi. / Companies as
                                         dan pengawasan oleh Menteri dalam                users of energy sources in carrying
                                         pelaksanaan konservasi energi. / This            out their business activities are
                                         regulation regulates (i) the implementation      obliged to implement energy
                                         of energy conservation, (ii) the provision       conservation with the provisions as
                                         of data and information regarding the            regulated in this Regulation, such
                                         implementation of energy conservation            as implementing energy saving
                                         by the government/regional government/           behavior and/or implementing
                                         BUMN/BUMD/other business entities, (iii)         energy efficient technology.
                                         the provision of facilities, incentives and
                                         disincentives by the government/government
                                         regional areas, (iv) guidance and supervision
                                         by the Minister in the implementation of
                                         energy conservation.
 5    Peraturan           Pemerintah     Peraturan ini mengubah beberapa ketentuan        Dengan diberlakukan Peraturan               Persaiangan      produk-produk
      Nomor      46    Tahun   2023      dalam Peraturan Pemerintah Nomor 28              ini, Perusahaan selaku pemilik              yang dihasilkan terbuka lebar
      tentang     Perubahan     atas     Tahun 2021 tentang Penyelenggaraan Bidang        nomor induk berusaha yang berlaku           sehingga         membutuhkan
      Peraturan Pemerintah Nomor         Perindustrian antara lain mengenai neraca        sebagai angka pengenal importir             evaluasi dan selektifitas bahan
      28 Tahun 2021 tentang              komoditas, importasi bahan baku dan/ atau        produsen mendapat kemudahan                 baku dan/atau bahan penolong
      Penyelenggaraan        Bidang      bahan penolong bagi industri, dan                untuk mengimpor barang jadi namun           yang baik dan menguntungkan
      Perindustrian. / Government        standardisasi industri. / This regulation        untuk keperluan komplementer,tes            bagi perusahaan. / Competition
      Regulation No. 46 of 2023          amends several provisions in Government          pasar, atau pelayanan purna                 for the products produced is
      concerning         Amendments      Regulation No. 28 of 2021 concerning the         jual,dengan tetap memperhatikan             wide open, requiring evaluation
      to Government Regulation           Implementation of the Industrial Sector,         ketentuan                   peraturan       and selectivity of raw materials
      No. 28 of 2021 concerning          including regarding commodity balances,          perundangundangan. / With the               and/or auxiliary materials that
      the Implementation of the          importation of raw materials and/or auxiliary    enactment of this Regulation,               are good and profitable for the
      Industrial Sector.                 materials for industry, and industrial           the Company as the owner of the             Company.
                                         standardization.                                 business     registration     number
                                                                                          which acts as an identification
                                                                                          number for producer importers will
                                                                                          have the convenience of importing
                                                                                          finished goods for complementary
                                                                                          purposes, market tests or after-
                                                                                          sales services, while still observing
                                                                                          the    provisions    of      statutory
                                                                                          regulations.
 6    Keputusan Presiden Nomor 17        Keputusan           ini         menetapkan       Dengan      berakhirnya     status
      Tahun 2023 tentang Penetapan       berakhirnya                         pandemi      pandemi          COVID-19        di
      Berakhirnya Status Pandemi         COVID-19 di Indonesia dengan mencabut            Indonesia,             Perusahaan
      Corona Virus Disease 2019          Keputusan Presiden Nomor 11 dan 12 Tahun         kembali            memberlakukan
      (COVID-19) di Indonesia. /         2020 dan Keputusan Presiden Nomor 24 Tahun       kebijakan         work        from
      Presidential Decree No. 17 of      2021, dan menetapkan status COVID-19 menjadi     office        dengan         tetap
      2023 concerning Determining        endemi. / This decision determines the end       memperhatikan kondisi kesehatan
      the End of the 2019 Corona         of the COVID-19 pandemic in Indonesia by         pekerja. / With the end of the
      Virus   Disease     (COVID-19)     revoking Presidential Decree No. 11 and 12 of    COVID-19      pandemic      status
      Pandemic Status in Indonesia.      2020 and Presidential Decree No. 24 of 2021,     in    Indonesia,   the    Company
                                         and determining the status of COVID-19 as        implemented another work from
                                         endemic.                                         office policy while still paying
                                                                                          attention to workers' health
                                                                                          conditions.
 7    Peraturan Menteri BUMN RI          Penugasan Khusus Program Sosial BUMN dan         BUMN dapat menerima Penugasan               Evaluasi dan selektif pada saat
      Nomor : PER-1/MBU/03/2023          Program TJSL BUMN. / Special Assignment          Khusus dari Pemerintah Pusat                proses penyaluran Program
      Tentang Penugasan Khusus           for SOE Social Programs and SOE TJSL             dalam rangka menyelenggarakan               TJSL BUMN. / Evaluation
      dan    Program     Tanggung        Program                                          fungsi     kemanfaatan       umum           and selectiveness during the
      Jawab Sosial dan Lingkungan                                                         serta riset dan inovasi nasional            distribution process of the SOE
      Badan Usaha Milik Negara.                                                           yang      harus       mendapatkan           TJSL Program
      / Regulation of the Minister                                                        persetujuan RUPS/Menteri. / BUMN
      of SOE of the Republic                                                              can receive Special Assignments
      of Indonesia No. PER-1/                                                             from the Central Government in
      MBU/03/2023       concerning                                                        order to carry out public benefit
      Special Assignments and                                                             functions as well as national
      Social and Environmental                                                            research and innovation which
      Responsibility Programs for                                                         must obtain approval from the GMS/
      State-Owned Enterprises.                                                            Minister




328      PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                        Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik           Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis          Good Corporate Governance                  Corporate Social and Environmental Responsibility




                                                                                                                                     Tinjauan Keuangan
                                                                                                                                     Financial Overview


           Peraturan Perundang-                                                                    Dampak Bagi Perusahaan / Impact                  Upaya Mitigasi / Mitigation
  No                                             Pokok Perubahan / Principal Changes
           undangan / Legislation                                                                         on the Company                                     Efforts
   8    Peraturan Menteri BUMN RI BUMN Tata Kelola Kegiatan Korporasi                              Memberikan perlindungan dak Sinergitas antar BUMN.                             /
        Nomor : PER-2/MBU/03/2023 Signifikan. / SOE Governance of Significant                      dan tanggung jawab pemegang Synergy Between SOE
        Tentang Pedoman Tata Kelola Corporate Activities                                           saham/pemilik       modal,       Kerja
        dan      Kegiatan     Korporasi                                                            sama        BUMN,          Pengadaan
        Signifikan Badan Usaha Milik                                                               Barang      dan      Jasa      BUMN,
        Negara. / Regulation of the                                                                Restrukturisasi,          Penyertaan
        Minister of SOE of the Republic                                                            Modal, Privatisasi. / Providing legal
        of Indonesia No. PER-2/                                                                    protection and responsibility for
        MBU/03/2023         concerning                                                             shareholders/capital owners, SOE
        Guidelines for Governance                                                                  Cooperation, Procurement of SOE
        and Significant Corporate                                                                  Goods and Services, Restructuring,
        Activities of State-Owned                                                                  Capital Inclusion, Privatization
        Enterprises.
   9    Peraturan Menteri BUMN RI           Syarat-syarat ketentuan anggota direksi dan            Dengan       adanya       ketentuan           Persiapan            kaderisasi
        Nomor PER-3/MBU/03/2023             dewan                       komisaris/dewan            ini maka pengangkatan dan                     sesuai fungsi dan jabatan.
        Tentang Organ dan Sumber            pengawas         BUMN        dan       Anak            pemberhentian anggota direksi                 / Preparation for cadre
        Daya Manusia Badan Usaha            Perusahaan, Manajemen Talenta Direksi                  dan     dewan     komisaris/dewan             formation     according      to
        Milik Negara. / Regulation of       BUMN/Anak       Perusahaan,     Tata    cara           pengawas      anak      Perusahaan            function and position
        the Minister of SOE RI No. PER-     pengangkatan anggota direksi BUMN/Anak                 BUMN berlaku kepada PT Semen
        3/MBU/03/2023       concerning      Perusahaan. / Terms and conditions for                 Baturaja Tbk. / With this provision,
        Organs and Human Resources          members of the Board of Directors and                  the appointment and dismissal of
        of State-Owned Enterprises.         Board of Commissioners/Supervisory Board               members of the board of directors
                                            of SOE and Subsidiaries, Talent Management             and board of commissioners/
                                            for SOE/Subsidiary Directors, Procedures               supervisory     board    of     SOE
                                            for appointing members of SOE/Subsidiary               subsidiaries applies to PT Semen
                                            Directors.                                             Baturaja Tbk




Perubahan Kebijakan Akuntansi yang Diterapkan Perusahaan pada
Tahun Buku Terakhir
Changes in Accounting Policies Implemented by the Company in the Last
Fiscal Year


Tidak   terdapat     perubahan           kebijakan           akuntansi     yang         There were no changes to accounting policies implemented
diterapkan pada tahun buku yang berpengaruh dan                                         in the fiscal year that had any influence or impact on the
memberikan dampak terhadap Perusahaan.                                                  Company.



Tingkat Kesehatan Perusahaan
Company Soundness Level

Perusahaan     melakukan          pengukuran             terhadap     Tingkat           The Company measures the Company's Soundness Level
Kesehatan Perusahaan secara periodik, dengan mengacu                                    periodically, by referring to the provisions that apply to State-
pada ketentuan yang berlaku bagi Badan Usaha Milik Negara                               Owned Enterprises (SOE). Regarding this, there are changes
(BUMN). Terkait hal tersebut, terdapat perubahan ketentuan                              to the provisions that occured in 2023 with the enactment of
yang terjadi pada 2023 dengan berlakunya Peraturan Menteri                              SOE Ministerial Regulation No. PER-2/MBU/03 of 2023 which
BUMN No. PER-2/MBU/03 tahun 2023 yang sekaligus                                         also revokes SOE Ministerial Decree No. KEP-100/MBU/2002
mencabut Keputusan Menteri BUMN No. KEP-100/MBU/2002                                    dated June 4, 2002 concerning Assessment of the Health
tanggal 04 Juni 2002 tentang Penilaian Tingkat Kesehatan                                Level of State-Owned Enterprises.
Badan Usaha Milik Negara.




                                                                                                                    2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                         329
Page 332
                             Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report      Company Profile     Overview on Business Supports




Tinjauan Keuangan
Financial Overview



Pada posisi 31 Desember 2023, Perusahaan telah melakukan                        As of December 31, 2023, the Company has measured the
pengukuran terhadap Tingkat Kesehatan Perusahaan dengan                         Company's Health Level using the parameters regulated in SOE
menggunakan parameter yang diatur di dalam Peraturan                            Ministerial Regulation No. PER-2/MBU/03 of 2023. However,
Menteri BUMN No. PER-2/MBU/03 tahun 2023. Akan tetapi,                          until this Annual Report is published, the assessment process
sampai dengan Laporan Tahunan ini dipublikasikan, proses                        is still ongoing and therefore there are no assessment results
penilaian masih berlangsung dan karenanya belum terdapat                        to be presented in this report.
hasil penilaian untuk disajikan di dalam laporan ini.



Informasi Kelangsungan Usaha
Information on Business Continuity

HAL-HAL YANG BERPOTENSI BERPENGARUH                                             MATTERS WITH POTENTIAL OF SIGNIFICANT
SIGNIFIKAN TERHADAP KELANGSUNGAN USAHA                                          IMPACT ON BUSINESS CONTINUITY
Kelangsungan usaha Perusahaan dipengaruhi oleh kondisi                          Kelangsungan The Company’s business continuity is subject
eksternal dan kondisi internal. Tidak semua variabel dapat                      to both external and internal conditions that may affect its
dikontrol oleh Perusahaan, meski tetap dapat dimitigasi.                        operations. While not all variables can be controlled, the
Perincian faktor-faktor eksternal yang berpengaruh terhadap                     Company endeavors to mitigate their impact. Below are the
kelangsungan usaha Semen Baturaja pada 2023 diuraikan                           factors that have affected the business continuity of Semen
sebagai berikut:                                                                Baturaja in 2023:
1. Oversupply Berkelanjutan                                                     1. Continued Oversupply
   Berdasarkan data Asosiasi Semen Indonesia pada                                  Based on data from the Indonesian Cement Association
   Webinar Outlook Ekonomi 2024, Desember 2023, utilisasi                          at the 2024 Economic Outlook Webinar, December 2023,
   semen Nasional tahun 2023 berkisar 57% terhadap                                 national cement utilization in 2023 was around 57% of
   konsumsi semen dan semakin ketatnya persaingan,                                 cement consumption and with increasing competition,
   SMBR berupaya meningkatkan penjualan produk utama                               SMBR is trying to increase sales of main products and
   dan produk turunan serta efisiensi di seluruh lini.                             derivative products as well as efficiency in all lines.


2. Krisis Global                                                                2. Global Crisis
   Krisis global seperti dampak dari perang Rusia-Ukraina,                         Global crises, such as the impact of the Russo-Ukrainian
   membuat aliran rantai pasok komoditas terganggu                                 war, disrupt the flow of commodity supply chains
   (berdampak       pada      harga        dan        ketersediaan)      yang      (impacting prices and availability) which has the potential
   berpotensi meningkatkan biaya produksi dan distribusi.                          to increase production and distribution costs.


3. Menteri Keuangan Republik Indonesia berencana untuk                          3. The Minister of Finance of the Republic of Indonesia plans
   menerapkan        Instrumen         Penetapan          Harga     Karbon,        to implement a Carbon Pricing Instrument, to control
   untuk mengendalikan emisi karbon. Saat ini diskusi                              carbon emissions. Currently, discussions regarding the
   terkait mekanisme The Cap, Trade dan Tax masih dalam                            Cap, Trade and Tax mechanisms are still being discussed
   perbincangan dengan pihak-pihak terkait. Mekanisme                              with related parties. This mechanism needs to emphasize
   tersebut perlu menekankan pada perlunya keuntungan                              the need for advantages and disadvantages that can spur
   dan kerugian yang dapat memacu industri semen lebih                             the cement industry to be more advanced, in line with the
   maju, selaras dengan SDG’s.                                                     SDGs.




330        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 333
                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                                                                                        Tinjauan Keuangan
                                                                                                                        Financial Overview



4. Kenaikan Biaya Logistik                                                    4. Increase in Logistics Costs
    Kenaikan tarif ongkos angkut merupakan tantangan bagi                           The increase in freight rates is a challenge for SMBR.
    SMBR. Namun, SMBR tetap berupaya mengoptimalisasi                               However, SMBR continues to strive to optimize
    pola distribusi melalui pemilihan moda, kapasitas angkut                        distribution patterns through selecting modes, transport
    dan sumber produk serta mengurangi double handling                              capacity and product sources as well as reducing double
    dalam menjaga biaya operasional perusahaan tetap baik.                          handling in order to maintain the Company's operational
                                                                                    costs well.


5. Tren Kenaikan Harga Batubara                                               5. Increase in Coal Prices
    Tren harga batubara mulai menunjukkan penurunan sejak                           The trend in coal prices began to show a decline since
    awal tahun 2023 namun baru mencapai titik yang lebih                            the beginning of 2023 but only reached a lower point
    rendah dibandingkan tahun 2022 pada September 2023.                             compared to 2022 in September 2023. The company
    Perusahaan tetap melakukan efisiensi untuk menekan                              continues to carry out efficiency to reduce production
    biaya produksi dengan mengatur kombinasi pengadaan                              costs by arranging a combination of coal procurement
    batubara dari PT Bukit Asam dan dari pengusaha batubara                         from PT Bukit Asam and from coal entrepreneurs in the
    di sekitar Perusahaan.                                                          area. Company.


6. Pembangunan IKN (Nusantara)                                                6. IKN (Nusantara) Development
    Industri semen siap untuk mendukung pembangunan                                 The      cement     industry           is     ready         to    support    the
    Ibu Kota Nusantara (IKN) dengan kemampuan untuk                                 development of the Indonesian Capital City (IKN) with
    memasok semen dengan fasilitas yang ada saat ini dan                            the ability to supply cement with existing facilities and
    produk yang ramah lingkungan. Hal ini dilakukan untuk                           environmentally friendly products. This is done to meet
    memenuhi persyaratan produk yang digunakan untuk                                the requirements for products used for the construction
    pembangunan IKN (ramah lingkungan).                                             of IKN (environmentally friendly).


7. SLL (Sustainability Linked Loan)                                           7. SLL (Sustainability Linked Loan)
    SLL merupakan salah satu program pembiayaan yang                                SLL is one of the financing programs that will improve
    akan meningkatkan rating ESG industri semen di                                  the ESG rating of the cement industry in Indonesia.
    Indonesia. Program ini dilaksanakan guna meningkatkan                           This program was implemented to increase investor
    kepercayaan investor, di samping untuk mengurangi                               confidence, in addition to reducing the risk of climate
    risiko atas terjadinya perubahan iklim.                                         change.


Sementara itu, sejumlah kondisi internal juga berkontribusi                   Internal conditions also contribute to the continuity of the
dalam kelangsungan usaha Perusahaan pada 2023, antara                         Company’s business, including among others:
lain:
1. Keterbatasan cadangan batu kapur eksisting.                                1. Limitations of existing limestone reserves.
2. Kinerja Perusahaan pada tahun 2023 yang menunjukkan                        2. The Company's performance in 2023 shows positive
    pertumbuhan positif dibanding tahun 2022.                                       growth compared to 2022.
3. Tambang 2 (T2) di Pelawi yang masih terkendala                             3. The Pelawi 2 Mine (T2) is still hampered by land acquisition
    pembebasan lahan sehingga hasil produksi masih belum                            so that production results are still not optimal.
    optimal.
4. Proses persiapan Tambang 3 (T3) oleh Perusahaan, yang                      4. The Company's Mine 3 (T3) preparation process is
    diagendakan selesai pada tahun 2024.                                            scheduled for completion in 2024.




                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                331
Page 334
                              Ikhtisar Kinerja              Laporan Manajemen      Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                              Performance Highlights        Management Report      Company Profile          Overview on Business Supports




Tinjauan Keuangan
Financial Overview



ASUMSI YANG DIGUNAKAN DALAM MELAKUKAN                                           ASSUMPTIONS USED IN CONDUCTING
ASSESSMENT                                                                      ASSESSMENT
Beberapa faktor yang menjadi pertimbangan manajemen                             Several factors considered by management in conducting
dalam melakukan assesment terhadap kelangsungan usaha                           assessment of business continuity in 2023 are as follows:
pada 2023 adalah sebagai berikut:
1. Kinerja operasional dan keuangan.                                            1. Operational and financial performance.
2. Isu terkini terkait industri semen, terkait perubahan                        2. Current issues related to the cement industry, related to
   peraturan/kebijakan pemerintah, harga bahan baku dan                            changes in government regulations/policies, prices of
   lain-lain.                                                                      raw materials and others.
3. Arahan SIG selaku Holding dan Dewan Komisaris.                               3. Directions          of   Shareholders             and     the   Board   of
                                                                                   Commissioners.


Perusahaan sebagai anak dari PT Semen Indonesia (Persero)                       As a subsidiary of PT Semen Indonesia (Persero) Tbk, the
Tbk, berusaha untuk meningkatkan profitabilitas baik bagi                       Company seeks to increase profitability for itself and the
Perusahaan maupun induk. Dengan visi Menjadi Green Cement                       parent company. With the vision of becoming the leading
Based Building Material Company terdepan di Indonesia,                          Green Cement Based Building Material Company in Indonesia,
Perusahaan berkomitmen untuk menghasilkan produk yang                           the Company is committed to producing environmentally
ramah lingkungan sebagai wujud dukungan pada program                            friendly products as a form of support for the government's
ESG pemerintah.                                                                 ESG program.


Bersama dengan visi tersebut, meningkatkan pertumbuhan                          Together with this vision, increase value growth for
nilai kepada para pemegang saham melalui peningkatan                            shareholders through increased financial performance
pencapaian       kinerja     keuangan            didukung      pencapaian       achievement supported by achievement of operational
operational excellent dengan tetap memperhatikan tantangan                      excellence while taking into account external challenges
eksternal mencakup kondisi pasar dan industri semen.                            on market conditions and the contribution of the cement
Pendalaman implementasi strategi Sub Klaster Semen (SIG &                       segment. In-depth implementation of the Cement Sub
SMBR) dalam hal ini yaitu:                                                      Cluster strategy (SIG & SMBR) in this regard, namely:
1. Mengoptimalisasi utilisasi pabrik untuk mendukung                            1. Optimization of Plant utilization to support the
   penguatan strategi pemasaran dan pengembangan bisnis                            strengthening of marketing strategy and business
   produk turunan semen serta diversifikasi bisnis.                                development of cement derivative products as well as
                                                                                   business diversification.
2. Inisiatif kepemimpinan biaya dengan cost leadership                          2. Cost leadership initiatives with cost leadership through
   melalui praktik terbaik di bidang produksi, implementasi                        best practices in production, implementation of industrial
   teknologi industri 4.0, mengoptimalkan jaringan dan                             technology 4.0, optimizing networks and Inventories
   rantai    pasok      secara       menyeluruh,           memaksimalkan           chains as a whole, maximizing distribution facilities,
   fasilitas distribusi, dan penerapan praktik berkelanjutan                       and implementing sustainable practices and circular
   serta ekonomi sirkuler.                                                         economy.
3. Penggunaan bahan baku substitusi dalam produksi                              3. Use of substitute raw materials in cement production.
   semen.
4. Optimalisasi aset non-produktif untuk memberikan nilai                       4. Optimization of non-productive assets to provide added
   tambah bagi Perusahaan.                                                         value to the Company.




332         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 335
                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                                     Tinjauan Keuangan
                                                                                                                     Financial Overview



HASIL ASSESSMENT TERHADAP HAL-HAL YANG                                        ASSESSMENT RESULTS ON MATTERS
MEMPENGARUHI KINERJA PERUSAHAAN                                               IMPACTING COMPANY PERFORMANCE
Dengan mempertimbangkan kinerja Perusahaan sampai                             After assessing the Company’s performance in 2023, the
dengan akhir 2023, manajemen Perusahaan menilai bahwa                         management believes that the Company can maintain its
Perusahaan mampu melanjutkan kelangsungan usahanya.                           business continuity, and has sufficient resources to continue
Selain itu, manajemen berkeyakinan bahwa Perusahaan                           its operations in the future. The Company will continue its
memiliki sumber daya yang cukup untuk melanjutkan                             SMBRGO45 efficiency program, which began in 2020, and
usahanya pada tahun-tahun mendatang. Program efisiensi                        involves optimizing and adjusting train stamformation,
SMBRGO45 yang telah dimulai sejak tahun 2020 tetap                            utilizing alternative fuels such as sludge oil, Spent Bleaching
dilakukan, antara lain mengoptimalkan dan menyesuaikan                        Earth (SBE), broken bags, used oil, used waste, and bad stock
stamformasi kereta api, pengoptimalan pemanfaatan sludge                      from other industries, reducing the clinker factor, centralizing
oil, Spent Bleaching Earth (SBE), kantong pecah, oli bekas,                   cement production in Baturaja II Plant, joint tender for goods,
majun bekas dan bad stock dari industri lain sebagai bahan                    services, raw materials, fuel, and transportation services,
bakar alternatif, penurunan faktor terak, sentralisasi produksi               as well as other public services. Additionally, the Company
semen di Pabrik Baturaja II, melakukan tender bersama                         will continue to optimize revenues from white clay and
barang, jasa, bahan baku, bahan bakar serta jasa angkutan                     other derivative products. The Company is also carrying out
dan jasa umum lainnya. Untuk meningkatkan pendapatan                          accelerated repayment to reduce interest expenses as a cost
lainnya, Perusahaan akan terus mengoptimalkan penjualan                       leadership step in the financial sector.
white clay maupun produk derivatif lainnya. Perusahaan turut
melakukan pelunasan dipercepat untuk menurunkan beban
bunga sebagai langkah cost leadership di bidang finansial.


DAMPAK PADA PERUSAHAAN                                                        IMPACT ON THE COMPANY
Penerapan inisiatif strategis tahun 2023 telah memberikan                     Implementation of strategic initiatives in 2023 had a visible
dampak positif yang terlihat pada kinerja Perusahaan hingga                   positive impact on the Company's performance until the
akhir 2023 yang tetap menunjukkan pertumbuhan positif,                        end of 2023, which continues to show positive growth, with
dengan penjualan semen mencapai angka 2,16 juta ton                           cement sales reaching 2.16 million tons or increasing 7.56%
atau tumbuh 7,56% terhadap periode yang sama di tahun                         compared to the same period in the previous year. This
sebelumnya. Pencapaian tersebut berdampak terhadap                            achievement has an impact on increasing business income in
meningkatnya pendapatan usaha pada 2023 yang mencapai                         2023 at 8% compared to the previous year or Rp2.04 trillion.
8% dibanding tahun sebelumnya, atau mencapai Rp2,04                           The Company's net profit in 2023 recorded positive growth,
triliun. Perolehan laba bersih Perusahaan pada 2023 tercatat                  with a realization of Rp121.57 billion or a growth of 57% from
tumbuh positif, dengan realisasi Rp121,57 miliar atau tumbuh                  the previous year.
57% dari tahun sebelumnya.




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                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Tinjauan Keuangan
Financial Overview



Seiring hal itu, Semen Baturaja mampu mempertahankan                         In addition, Semen Baturaja was able to maintain its position
posisi sebagai market leader di wilayah Sumatra Selatan yaitu                as market leader in the Southern Sumatra region, by 52%
sebesar 52% pada akhir 2023. Kinerja positif lain yang dicapai               at the end of 2023. Another positive performance of the
Perusahaan adalah pertumbuhan EBITDA yang pada posisi                        Company was EBITDA growth, which as of December 31, 2023
31 Desember 2023 tercatat tumbuh sebesar 13% dibanding                       was recorded increasing by 13% compared to the position
pada posisi akhir 2022. Di antara faktor yang memengaruhi,                   at the end of 2022. This is impacted by, among others, the
Perusahaan berhasil menurunkan harga produksi semen                          Company’s success in reducing cement production prices to
dalam rangka meningkatkan daya saing di tengah kondisi                       increase competitiveness amidst oversupply in the cement
oversupply industri semen serta dampak positif bergabungnya                  industry and positive impact of Semen Baturaja joining SIG at
Semen Baturaja ke dalam SIG pada akhir 2022.                                 the end of 2022.


PENYESUAIAN YANG DILAKUKAN/KEPUTUSAN                                         ADJUSTMENTS/DECISIONS TAKEN BY THE
PERUSAHAAN                                                                   COMPANY
Menghadapi kondisi dengan risiko bisnis yang bersumber                       In facing business risks arising from both internal and external
dari lingkungan eksternal ataupun internal, berbagai                         environments, the Company implemented various strategic
kebijakan strategis telah diterapkan oleh Perusahaan dalam                   policies to achieve growth in operational and financial
rangka mencapai pertumbuhan kinerja, khususnya pada sisi                     performance. Successful strategic initiatives in 2022 which
operasional dan keuangan. Inisiatif strategis yang dinilai                   will be continued in the coming year, include:
berhasil pada tahun 2023 akan dilanjutkan pada tahun
mendatang, antara lain:
1. Untuk meningkatkan pendapatan lainnya, Perusahaan                         1. To increase other revenues, the Company continues to
   tetap terus mengoptimalkan penjualan white clay.                             optimize sales of white clay.
2. Perusahaan juga tetap melakukan efisiensi dengan                          2. The Company also continues to be efficient by
   menerapkan pola distribusi yang paling efisien berupa                        implementing the most efficient distribution pattern in
   pemilihan moda, kapasitas angkut dan asal semen serta                        the form of choosing the mode, transport capacity and
   mengurangi double handling dari pengeluaran semen di                         origin of cement as well as reducing double handling from
   Pabrik hingga kepada pelanggan (least cost to serve).                        cement production at the plant to customers (least cost
                                                                                to serve).
3. Perusahaan juga terus melakukan Implementasi Plant                        3. The Company continues to implement Industry 4.0-based
   Automation Proses Produksi berbasis Industri 4.0 untuk                       Plant Automation Production Processes to support the
   mendukung pencapaian road map INDI 4.0.                                      achievement of the INDI 4.0 road map.
4. Program efisiensi SMBRGO45 yang telah dimulai sejak                       4. The SMBRGO45 efficiency program which started in
   tahun 2020 tetap dilakukan seperti mengoptimalkan dan                        2020 continues to be carried out, such as optimizing
   menyesuaikan stamformasi kereta api, pengoptimalan                           and adjusting train stamformation, optimizing the use of
   pemanfaatan sludge oil, Spent Bleaching Earth (SBE),                         sludge oil, Spent Bleaching Earth (SBE), broken bags, used
   kantong pecah, oli bekas, majun bekas dan bad stock dari                     oil, used waste and bad stock from other industries as
   industri lain sebagai bahan bakar alternatif, penurunan                      alternative fuel, reducing the clinker factor, centralizing
   faktor terak, sentralisasi produksi semen di Baturaja 2,                     cement production in Baturaja 2, renegotiating contracts
   renegosiasi kontrak pengadaan barang, jasa, bahan baku,                      for the procurement of goods, services, raw materials,
   bahan bakar serta jasa angkutan dan jasa umum lainnya.                       fuel as well as transportation and other public services.
5. Dari sisi keuangan, sebagai upaya untuk meningkatkan                      5. In terms of finance, as an effort to improve cash and
   pengelolaan kas dan modal kerja, Perusahaan juga                             working capital management, the Company has also
   telah melakukan percepatan pembayaran pokok Kredit                           accelerated principal payments on Investment Credit.
   Investasi.




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Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
Management Discussion and Analysis          Good Corporate Governance          Corporate Social and Environmental Responsibility




                                                                                                     Tinjauan Keuangan
                                                                                                     Financial Overview




                                     Halaman ini sengaja dikosongkan
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06
Page 339
Tata Kelola Perusahaan yang Baik
         Good Corporate Governance
Page 340
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                            Performance Highlights       Management Report   Company Profile       Overview on Business Supports




Tata Kelola
Perusahaan yang Baik
Good Corporate Governance




PENERAPAN TATA KELOLA PERUSAHAAN
Perusahaan memosisikan Tata Kelola Perusahaan yang Baik
atau Good Corporate Governance (GCG) sebagai salah satu
pilar yang dapat memberikan keselarasan dan kesinambungan
dalam setiap aktivitas baik dari kinerja operasional maupun
non operasional. Ini merupakan upaya meningkatkan
kepercayaan Pemangku Kepentingan terhadap perusahaan
yang berkualitas. Perusahaan berupaya untuk memenuhi
upaya penerapan GCG dengan terus menyesuaikan kondisi
Perusahaan terkini dengan melakukan evaluasi yang
objektif atas penerapan GCG. Penerapan GCG di Perusahaan
dilaksanakan dengan penerapan praktik bisnis yang beretika
di setiap aktivitas usaha sebagai bentuk kepatuhan terhadap
peraturan perundang-undangan yang berlaku.


IMPLEMENTATION OF CORPORATE GOVERNANCE
The Company views Good Corporate Governance (GCG) as a
fundamental element that fosters harmony and ensures the
seamless continuity of all activities, both for operational
and non-operational aspects. This is an effort to increase                                   Pedoman GCG yang diimplementasikan
stakeholder trust in quality company. The Company strives to
                                                                                             dalam pengelolaan Perusahaan
fulfill GCG implementation efforts by continuing to adapt to
the Company's current conditions by carrying out objective
                                                                                             mengacu pada peraturan perundang-
evaluations of GCG implementation. The implementation of                                     undangan yang berlaku dan praktik-
GCG in the Company is carried out by implementing ethical                                    praktik terbaik (Best Practices) yang
business practices in every business activity as a form of
                                                                                             berhubungan dengan pengelolaan
compliance with applicable laws and regulations.
                                                                                             Perusahaan
                                                                                             The effectiveness of GCG implementation
                                                                                             is seen from the suitability and adequacy
                                                                                             of the governance structure and
                                                                                             infrastructure so that it is expected to
                                                                                             provide good results.




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                    Management Discussion and Analysis   Good Corporate Governance          Corporate Social and Environmental Responsibility




Dalam menjalankan prinsip GCG, Perusahaan melakukan                          In implementing GCG principles, the Company carries out
kajian yang mengacu pada pedoman GCG yang berlaku.                           reviews that refer to applicable GCG guidelines. The Company
Perusahaan memiliki Pedoman GCG yang telah ditetapkan                        has GCG code which have been established through the
melalui Surat Keputusan Direksi PT Semen Baturaja No.                        Decree of the Board of Directors of PT Semen Baturaja No.
PH.01.04/079.A/2005 tanggal 01 Agustus 2005 tentang Buku                     PH.01.04/079.A/2005 dated August 01, 2005 the Guidebook
Pedoman Good Corporate Governance (GCG) PT Semen                             of Good Corporate Governance (GCG) of PT Semen Baturaja
Baturaja (Persero) yang ditandatangani oleh Direktur Utama,                  (Persero) and signed by the President Director. The latest
yang terakhir dimutakhirkan melalui Surat Keputusan Direksi                  update to the guidebook was carried out through the Board
PT Semen Baturaja (Persero) Tbk No. PH.01.04/114.A/2020.                     of Directors Decree of PT Semen Baturaja (Persero) Tbk No.
                                                                             PH.01.04/114.A/2020.




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                             Performance Highlights         Management Report      Company Profile      Overview on Business Supports




Adapun tujuan penyusunan Pedoman GCG, yakni:                                    The purpose of preparing the GCG Guidelines, namely:
1. Memaksimalkan           nilai     Perusahaan            dengan        cara   1. We aim to maximize the Company’s value and
   meningkatkan         prinsip       Keterbukaan,          Akuntabilitas,         competitiveness           by      upholding           the   principles
   Pertanggungjawaban, Kemandirian dan Kewajaran agar                              of        transparency,        accountability,          responsibility,
   Perusahaan memiliki daya saing yang kuat.                                       independence, and fairness.
2. Mendorong pengelolaan Perusahaan secara profesional,                         2. We strive to promote professional and transparent
   transparan      dan     meningkatkan               kemandirian      Organ       management of the Company, and to enhance the
   Perusahaan.                                                                     independence of its organs.
3. Mendorong Organ Perusahaan dalam membuat keputusan                           3. We encourage all Company Organs to make decisions
   yang lebih baik dan menjalankan aksi korporasi dengan                           and take corporate actions that reflect high moral values,
   dilandasi nilai moral yang tinggi dan kepatuhan terhadap                        compliance with applicable laws and regulations, and a
   peraturan perundang-undangan yang berlaku, serta                                strong sense of social responsibility towards stakeholders
   kesadaran akan adanya tanggung jawab sosial terhadap                            and the environment. By doing so, we strive to promote
   pemangku kepentingan maupun kelestarian lingkungan di                           sustainable practices and ensure that the Company
   sekitar Perusahaan.                                                             operates in a responsible and ethical manner.


Pedoman GCG yang diimplementasikan dalam pengelolaan                            The Corporate Governance Guidelines implemented in the
Perusahaan mengacu pada peraturan perundang-undangan                            Company’s management adhere to the prevailing regulations
yang berlaku dan praktik-praktik terbaik (Best Practices) yang                  and best practices related to Company management. This
berhubungan dengan pengelolaan Perusahaan. Lebih lanjut,                        dynamic document will be updated to reflect the latest
pedoman GCG yang bersifat dinamis akan diperbarui sesuai                        developments in Corporate Governance and changes in the
dengan perkembangan GCG terkini serta perubahan arah                            Company’s management direction towards a more strategic
pengelolaan Perusahaan ke arah yang lebih strategis.                            approach.


LANDASAN HUKUM TATA KELOLA PERUSAHAAN                                           LEGAL BASIS OF CORPORATE GOVERNANCE
Efektivitas penerapan GCG dilihat dari kesesuaian serta                         The effectiveness of GCG implementation is seen from
kecukupan struktur dan infrastruktur tata kelola sehingga                       the suitability and adequacy of the governance structure
diharapkan dapat memberikan hasil yang baik. Oleh karena                        and infrastructure so that it is expected to provide good
itu, Perusahaan berpedoman pada kebijakan Komite Nasional                       results. Therefore, the Company refers to the policies of the
Kebijakan Governansi (KNKG) yang didirikan pada tanggal 30                      National Committee for Governance Policy (KNKG) which
November 2004 berdasarkan Keputusan Menteri Koordinator                         was established on November 30, 2004, based on Decree of
Perekonomian RI No. KEP-49/M.EKON/11/TAHUN 2004                                 the Coordinating Minister for the Economy of the Republic
tentang Komite Nasional Kebijakan Governansi (KNKG) yang                        of Indonesia No. KEP-49/M.EKON/11/TAHUN 2004 on the
diperbarui dengan keputusan Menko Bidang Perekonomian                           National Committee for Governance Policy (KNKG) which
RI No. 44 Tahun 2021 tentang Komite Nasional Kebijakan                          was updated with the Decree of the Coordinating Minister for
Governansi (KNKG). Penerapan GCG dalam pengelolaan                              Economic Affairs of the Republic of Indonesia No.44 of 2021
Perusahaan merujuk dan sesuai dengan landasan hukum                             on the National Committee for Governance Policy (KNKG).
serta ketentuan peraturan perundang-undangan yang                               GCG implementation in the Company's management refers
berlaku di Indonesia, antara lain:                                              to and is in accordance with the legal basis and provisions of
                                                                                applicable laws and regulations in Indonesia, including:
1. Undang-Undang Republik Indonesia No. 11 tahun 1980                           1. Law of the Republic of Indonesia No. 11 of 1980 concerning
   tentang Tindak Pidana Suap;                                                     the Crime of Bribery;
2. Undang-Undang Republik Indonesia No. 8 tahun 1995                            2. Law of the Republic of Indonesia No. 8 of 1995 concerning
   tentang Pasar Modal;                                                            Capital Markets;
3. Undang-Undang Republik Indonesia No. 28 tahun 1999                           3. Law of the Republic of Indonesia No. 28 of 1999 concerning
   tentang Penyelenggaraan Negara yang Bersih dan Bebas                            the administration of a State that is Clean and Free from
   dari Korupsi, Kolusi dan Nepotisme;                                             Corruption, Collusion and Nepotism;




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                   Management Discussion and Analysis   Good Corporate Governance               Corporate Social and Environmental Responsibility




4. Undang-Undang Republik Indonesia No. 20 tahun 2001                       4. Law of the Republic of Indonesia No. 20 of 2001 concerning
   tentang Perubahan atas Undang-Undang Republik                                  Amendments to Law of the Republic of Indonesia Number
   Indonesia Nomor 31 tahun 1999 tentang Pemberantasan                            31 of 1999 concerning Eradication of Criminal Acts of
   Tindak Pidana Korupsi;                                                         Corruption;
5. Undang-Undang Republik Indonesia No. 40 tahun 2007                       5. Law of the Republic of Indonesia No. 40 of 2007
   tentang Perusahaan Terbatas;                                                   concerning Limited Companies;
6. Peraturan Menteri Negara Badan Usaha Milik Negara No.                    6. Regulation of the Minister of State for State-Owned
   PER-1/MBU/03/2023 tentang Penugasan Khusus dan                                 Enterprises No. PER-1/MBU/03/2023 concerning Special
   Program Tanggung Jawab Sosial dan Lingkungan Badan                             Assignments and Social and Environmental Responsibility
   Usaha Milik Negara;                                                            Programs for State-Owned Enterprises;
7. Peraturan Menteri Negara Badan Usaha Milik Negara No.                    7. Regulation of the Minister of State for State-Owned
   PER-2/MBU/03/2023 tentang Pedoman Tata Kelola dan                              Enterprises       No.        PER-2/MBU/03/2023                    concerning
   Kegiatan Korporasi Signifikan Badan Usaha Milik Negara;                        Guidelines for Governance and Significant Corporate
                                                                                  Activities of State-Owned Enterprises;
8. Peraturan Menteri Negara Badan Usaha Milik Negara No.                    8. Regulation of the Minister of State for State-Owned
   PER-3/MBU/03/2023 tentang Organ dan Sumber Daya                                Enterprises No. PER-3/MBU/03/2023 concerning Organs
   Manusia Badan Usaha Milik Negara;                                              and Human Resources of State-Owned Enterprises;
9. Peraturan Otoritas Jasa Keuangan No. 14/POJK.04/2022,                    9. Regulation of the Financial Services Authority No. 14/
   tentang Penyampaian Laporan Keuangan Berkala Emiten                            POJK.04/2022, concerning Submission of Periodic
   atau Perusahaan Publik;                                                        Financial Reports of Issuers or Public Companies;
10. Peraturan Otoritas Jasa Keuangan (POJK) No. 33/                         10. Regulation of the Financial Services Authority (POJK)
   POJK.04/2014 tentang Direksi dan Dewan Komisaris                               No. 33/POJK.04/2014 concerning Directors and Board of
   Emiten atau Perusahaan Publik;                                                 Commissioners of Issuers or Public Companies;
11. Peraturan Otoritas Jasa Keuangan (POJK) No. 35/                         11. Regulation of the Financial Services Authority (POJK)
   POJK.04/2014 tentang Sekretaris Perusahaan Emiten                              No. 35/POJK.04/2014 concerning Corporate Secretary of
   atau Perusahaan publik;                                                        Issuers or Public Companies;
12. Peraturan Otoritas Jasa Keuangan (POJK) No. 21/                         12. Regulation of the Financial Services Authority (POJK) No.
   POJK.04/2015 tentang Penerapan Pedoman Tata Kelola                             21/POJK.04/2015 concerning Implementation of Public
   Perusahaan Terbuka;                                                            Company Governance Guidelines;
13. Peraturan Otoritas Jasa Keuangan (POJK) No. 30/                         13. Regulation of the Financial Services Authority (POJK) No.
   POJK.04/2015 tentang Laporan Realisasi Penggunaan                              30/POJK.04/2015 concerning Reports on the Realization
   Dana Hasil Penawaran Umum;                                                     of the Use of Proceeds from a Public Offering;
14. Peraturan Otoritas Jasa Keuangan (POJK) No. 31/                         14. Regulation of the Financial Services Authority (POJK) No.
   POJK.04/2015 tentang Keterbukaan Informasi atau Fakta                          31/POJK.04/2015 concerning Disclosure of Information or
   Material oleh Emiten atau Perusahaan Publik;                                   Material Facts by Issuers or Public Companies;
15. Peraturan Otoritas Jasa Keuangan (POJK) No. 55/                         15. Regulation of the Financial Services Authority (POJK)
   POJK.04/2015 tentang Pembentukan dan Pedoman                                   No. 55/ POJK.04/2015 concerning the Establishment and
   Pelaksanaan Kerja Komite Audit;                                                Guidelines for the Implementation of Audit Committee
                                                                                  Work;
16. Peraturan Otoritas Jasa Keuangan (POJK) No. 29/                         16. Regulation of the Financial Services Authority (POJK) No.
   POJK.04/2016, tentang Laporan Tahunan Bagi Emiten                              29/POJK.04/2016, concerning Annual Reports for Issuers
   atau Perusahaan Publik;                                                        or Public Companies;
17. Peraturan Otoritas Jasa Keuangan (POJK) No. 15/                         17. Regulation of the Financial Services Authority (POJK) No.
   POJK.04/2020 tentang Rencana dan Penyelenggaraan                               15/POJK.04/2020 concerning Plans and Implementation
   Rapat Umum Pemegang Saham Perusahaan Terbuka;                                  of General Meeting of Shareholders of Public Companies;




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18. Peraturan Otoritas Jasa Keuangan (POJK) No. 16/                          18. Financial Services Authority Regulation (POJK) No. 16/
   POJK.04/2020 tentang Pelaksanaan Rapat Umum                                  POJK.04/2020 concerning Implementation of Electronic
   Pemegang Saham Perusahaan Terbuka secara Elektronik;                         General Meeting of Shareholders of Public Companies;
19. Surat Edaran Otoritas Jasa Keuangan (SEOJK) No.32/                       19. Circular of the Financial Services Authority (SEOJK) No.
   SEOJK.04/2015 tentang Pedoman Tata Kelola Perusahaan                         32/SEOJK.04/2015 concerning Guidelines for Public
   Terbuka;                                                                     Company Governance;
20. OECD Principles of Corporate Governance, 2004;                           20. OECD Principles of Corporate Governance, 2004;
21. The Asean Corporate Governance Scorecard yang dirilis                    21. The ASEAN Corporate Governance Scorecard released in
   pada tahun 2017;                                                             2017;
22. Pedoman Umum Governansi Korporat Indonesia (PUGKI)                       22. General Guidelines for Indonesian Corporate Governance
   tahun 2021.                                                                  (PUGKI) in 2021;
23. Peraturan lainnya yang terkait dengan tata kelola                        23. Other regulations related to good corporate governance.
   perusahaan yang baik.


STRUKTUR TATA KELOLA PERUSAHAAN                                              CORPORATE GOVERNANCE STRUCTURE
Organ Perusahaan dibentuk untuk mengawasi pelaksanaan                        The Company Organ was established to supervise the
GCG sehingga dapat berjalan efektif selaras dengan tugas                     implementation of GCG so that it can run effectively in line
dan tanggung jawab yang telah ditentukan. Berdasarkan                        with the specified duties and responsibilities. Based on Law
Undang-Undang No. 40 tahun 2007, menyebutkan bahwa                           No. 40 of 2007, the Company Organs consist of the General
Organ Perusahaan terdiri dari Rapat Umum Pemegang                            Meeting of Shareholders (GMS), Board of Directors and
Saham (RUPS), Direksi, dan Dewan Komisaris yang saling                       Board of Commissioners who respect each other's duties,
menghormati tugas, tanggung jawab dan wewenang masing-                       responsibilities and authorities in accordance with the laws
masing sesuai peraturan perundang-undangan dan Anggaran                      and regulations and the Articles of Association.
Dasar.


Dalam hal ini, Perusahaan juga memiliki organ pendukung                      In this case, the Company also has supporting organs to
untuk membantu organ utama dalam menjalankan tugasnya.                       assist the main organs in carrying out their duties. The Board
Dewan Komisaris dibantu oleh Komite Audit, Komite                            of Commissioners is assisted by the Audit Committee, Risk
Manajemen Risiko serta Komite Nominasi dan Remunerasi.                       Management Committee and Nomination and Remuneration
Sedangkan Direksi dibantu oleh Department of Corporate                       Committee. Meanwhile, the Board of Directors is assisted by
Secretary, Department of Internal Audit, Department of Risk                  Department of Corporate Secretary, Department of Internal
Management, Department of HR & GA dan unit kerja lainnya.                    Audit, Department of Risk Management, Department of
Adapun struktur tata kelola perusahaan Perusahaan dapat                      HR & GA and other work units. The Company's corporate
dilihat dalam bagan berikut:                                                 governance structure can be seen in the following chart:




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           Auditor Eksternal                          Annual General Meeting of
           Eksternal Auditor                               Shareholders




                   Direksi                                                               Dewan Komisaris
              Board of Directors                                                      Board of Commissioners




                                                                                         Komite Manajemen                Komite Nominasi &
                                                           Komite Audit                         Risiko                      Remunerasi
           Department of Internal Audit
                                                          Audit Committee                 Risk Management                 Nomination and
                                                                                             Committee                 Remuneration Committee



             Department of Corporate
                                                                                                                                                   Stakeholder &
                   Secretary
                                                                                                                                                    Shareholder



                Department of Risk
                  Management




              Department of HR & GA




TUJUAN PENERAPAN TATA KELOLA                                                          OBJECTIVE OF IMPLEMENTING CORPORATE
PERUSAHAAN                                                                            GOVERNANCE
Tujuan Perusahaan dalam menerapkan GCG adalah sebagai                                 The Company’s goals in implementing GCG are as follows:
berikut:
1. Memaksimalkan Nilai Perusahaan dengan melaksanakan                                 1. By implementing the principles of Transparency,
   prinsip-prinsip Keterbukaan, Akuntabilitas, Tanggung                                     Accountability,         Responsibility,                Independence,       and
   Jawab, Kemandirian dan Kewajaran agar Perusahaan                                         Fairness, the Company can maximize its corporate value
   memiliki daya saing yang tinggi di tengah tantangan                                      and maintain high competitiveness amid similar business
   usaha sejenis.                                                                           challenges.
2. Mendorong pengelolaan Perusahaan secara Profesional,                               2. Encouraging the professional, transparent, and efficient
   Transparan dan Efisien serta memberdayakan fungsi dan                                    management of the Company, as well as empowering
   meningkatkan kemandirian manajemen.                                                      its      functions     and        enhancing             the        management’s
                                                                                            independence.
3. Mendorong agar manajemen dalam membuat keputusan                                   3. Encouraging the management to make decisions and
   dan menjalankan tindakan dilandasi nilai moral yang tinggi                               take actions that are guided by high moral values and
   dan kepatuhan terhadap peraturan perundang-undangan                                      compliance with relevant laws and regulations, as well as
   yang berlaku serta kesadaran adanya tanggung jawab                                       a sense of responsibility towards stakeholders and the
   sosial Perusahaan terhadap Stakeholders serta menjaga                                    environment.
   kesesuaian dengan lingkungan di sekitar Perusahaan.
4. Menjadi pedoman bagi seluruh Insan Semen Baturaja                                  4. Become a guideline for all Semen Baturaja personnel in
   dalam menjalankan aktivitas Perusahaan.                                                  carrying out company activities.




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                              Performance Highlights       Management Report            Company Profile       Overview on Business Supports




PRINSIP-PRINSIP TATA KELOLA PERUSAHAAN                                           CORPORATE GOVERNANCE PRINCIPLES
Perusahaan senantiasa menjalankan praktik kegiatan usaha                         The Company always upholds the five principles of good
dengan menerapkan 5 (lima) prinsip GCG, yakni Keterbukaan,                       corporate             governance     (GCG),          namely   Transparency,
Akuntabilitas, Tanggung Jawab, Kemandirian dan Kewajaran.                        Accountability, Responsibility, Independence, and Fairness,
Penerapan prinsip-prinsip tersebut menjadi instrumen                             in all of its business activities. The implementation of these
yang diharapkan dapat menciptakan keseimbangan dalam                             principles serves as an important instrument to create
operasional Perusahaan secara menyeluruh.                                        balance in the Company’s operations as a whole.



                                                                         Transparansi
                                                                         Transparency


                                                                        Akuntabilitas
                                                                        Accountability


      Prinsip Tata Kelola Perusahaan                                  Tanggung Jawab                                         Pertumbuhan Berkelanjutan
    Principles of Corporate Governance                                 Responsibility                                            Sustainable Growth


                                                                         Kemandirian
                                                                        Independency


                                                                          Kewajaran
                                                                           Fairness



Selain itu, terdapat pengembangan prinsip GCG dari nilai                         In addition, the development of corporate governance (CG)
dasar TARIF (Transparency, Accountability, Responsibility,                       principles based on TARIF (Transparency, Accountability,
Independency, dan Fairness). Prinsip-prinsip tersebut terdiri                    Responsibility, Independence, and Fairness) . These principles
dari 4 (empat) pilar governansi korporat, yaitu perilaku                         comprise four pillars of corporate governance, namely ethical
beretika, akuntabilitas, transparansi, dan keberlanjutan, yang                   behavior, accountability, transparency, and sustainability,
terakhir dimutakhirkan pada tahun 2021, yakni PUGKI 2021.                        which were last updated in 2021 under PUGKI 2021. These four
Adapun 4 (empat) pilar governansi korporat yang menjadi                          pillars serve as guidelines
pedoman dalam pengelolaan Perusahaan:




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                      Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis        Good Corporate Governance             Corporate Social and Environmental Responsibility




                                                           Perilaku Beretika / Ethical Behavior
Definisi                                                                           Definition
Dalam      melaksanakan       kegiatannya, Korporasi   senantiasa                  In carrying out its activities, the corporation always prioritizes
mengedepankan kejujuran, memperlakukan semua pihak dengan                          honesty, treats all parties with respect, fulfills commitments, and
hormat (respect), memenuhi komitmen, membangun serta menjaga                       consistently builds and maintains moral values and beliefs. The
nilai-nilai moral dan kepercayaan secara konsisten. Korporasi                      corporation also pays attention to the interests of shareholders and
memperhatikan kepentingan pemegang saham dan pemangku                              other stakeholders based on the principle of fairness, and is managed
kepentingan lainnya berdasarkan asas kewajaran dan kesetaraan                      independently to ensure that no single company organ dominates the
(fairness) dan dikelola secara independen sehingga masing-masing                   others and to prevent external interference.
organ perusahaan tidak saling mendominasi dan tidak dapat
diintervensi oleh pihak lain.
Penerapan di lingkup Perusahaan                                                    Implementation within the scope of the Company
• Perusahaan memiliki Pedoman Perilaku (Code of Conduct) sebagai                   • The Company has a Code of Conduct as a guide for management
  panduan bagi pengurus dan karyawan dalam berperilaku dan                           and employees in behaving in interactions with colleagues and
  berinteraksi antar sesama rekan kerja maupun dengan para                           stakeholders.
  pemangku kepentingan.
• Perusahaan menerapkan nilai - nilai utama “AKHLAK” menjadi nilai                 • The Company applies the main values of “AKHLAK” to become the
  budaya Perusahaan.                                                                 corporate cultural values.
• Perusahaan mengimplementasikan sikap saling menghormati di                       • The Company implements mutual respect in the work environment
  lingkungan kerja dengan mengembangkan kebijakan berperilaku                        by developing a Respectful Workplace Policy.
  saling menghargai (Respectful Workplace Policy).
• Perusahaan menerapkan kebijakan larangan penerimaan                              • The Company implements a policy of prohibiting acceptance of
  gratifikasi dan anti penyuapan dengan menjalankan prinsip 4 No’s                   gratuities and anti-bribery by implementing the 4 No’s principles
  (No Bribery, No. Kickback, No Gift dan No Luxurious Hospitality).                  (No Bribery, No Kickback, No Gift and No Luxurious Hospitality).
• Perusahaan menerapkan prinsip kesetaraan bagi para mitra usaha                   • The Company applies the principle of equality for its business
  dengan memiliki komitmen atas kebijakan terkait seleksi vendor.                    partners by having a commitment to policies regarding vendor
                                                                                     selection policies.
                                                             Akuntabilitas / Accountability
Definisi                                                                           Definition
Korporasi dapat mempertanggungjawabkan kinerjanya secara                           The corporation should be able to account for its performance
transparan dan wajar. Untuk itu Korporasi harus dikelola secara                    in a transparent and fair manner. Therefore, it is essential to
benar, terukur dan sesuai dengan kepentingan korporat dengan tetap                 manage corporations properly and measurably, with a focus on
memperhitungkan kepentingan pemegang saham dan pemangku                            corporate interests while considering the interests of shareholders
kepentingan. Akuntabilitas merupakan prasyarat yang diperlukan                     and stakeholders. Accountability is a prerequisite for achieving
untuk mencapai kinerja yang berkelanjutan.                                         sustainable performance.
Penerapan di lingkup Perusahaan                                    Implementation within the scope of the Company
• Dewan Komisaris dan Direksi memiliki pembagian mengenai • The Board of Commissioners and the Board of Directors
   tugas dan tanggung jawabnya masing-masing sesuai dengan            have a division of their respective duties and responsibilities
   peraturan perundang-undangan dan Anggaran Dasar, serta             in accordance with laws and regulations and the Articles of
   memiliki panduan kerja berupa Board Manual dan Pedoman &           Association, and have Board Manual in the form of a Board Manual
   Tata Tertib Kerja.                                                 and Board Manual & Rules.
• Pembagian tugas dan tanggung jawab Dewan Komisaris dan • The division of duties and responsibilities of the Board of
   Direksi sesuai dengan bidangnya diatur dalam Surat Keputusan       Commissioners and the Board of Directors in accordance with
   tentang Pembagian Tugas dan Wewenang.                              their fields is regulated in the Decree on the Distribution of
                                                                      Duties and Responsibilities.
• Perusahaan melaporkan kinerja perusahaan secara berkala • The Company reports the company’s performance periodically to
   kepada Pemegang Saham.                                             the Shareholders.
• Pelaksanaan audit atas laporan keuangan perusahaan yang • Implementation of an audit of the Company’s financial statements
   dilakukan oleh auditor eksternal.                                  conducted by external auditors.
• Penilaian dan evaluasi atas penerapan GCG, penerapan • Assessment and evaluation of the implementation of GCG,
   manajemen risiko serta penilaian atas tata kelola IT oleh pihak    implementation of risk management and evaluation of IT
   eksternal konsisten secara berkala dilakukan.                      governance by external parties are consistent on a regular basis.
• Pelaksanaan RUPS dan penyampaian laporan tahunan sebagai • Implementation of GMS and submission of annual reports as a
   bentuk pertanggungjawaban atas pengelolaan perusahaan.             form of accountability for company management.




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                             Ikhtisar Kinerja             Laporan Manajemen       Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report       Company Profile       Overview on Business Supports




                                                             Transparansi / Transparency
Definisi                                                                      Definition
Untuk menjaga objektivitas dalam menjalankan bisnis, korporasi                To maintain objectivity in conducting business, the corporation
menyediakan informasi yang material dan relevan dengan cara yang              provides relevant and material information in a way that is easily
mudah diakses dan dipahami oleh pemangku kepentingan. Korporasi               accessible and understandable to stakeholders. The corporation
mengambil inisiatif untuk mengungkapkan tidak hanya masalah yang              takes the initiative to disclose not only the issues required by laws
disyaratkan oleh peraturan perundang-undangan, tetapi juga hal                and regulations but also important matters that are crucial for
yang penting untuk pengambilan keputusan oleh pemegang saham,                 decision-making by shareholders, creditors, and other stakeholders.
kreditur dan pemangku kepentingan lainnya.
Penerapan di lingkup Perusahaan                                               Implementation within the scope of the Company
• Perusahaan menyampaikan keterbukaan informasi secara                        • The Company periodically submits information disclosure to OJK
   berkala kepada OJK dan BEI.                                                   and IDX.
• Informasi mengenai perusahaan ditampilkan pada website                      • Information about the Company is displayed on the company’s
   perusahaan yang dapat diakses oleh pihak eksternal.                           website which can be accessed by external parties.
• Perusahaan memanfaatkan teknologi informasi dengan                          • The Company utilizes information technology by using social
   menggunakan media sosial sebagai sarana informasi dan                         media as a means of information and transparency of company
   transparansi atas kegiatan perusahaan.                                        activities.
• Perusahaan menyediakan media pelaporan pelanggaran yang                     • The Company provides media for Whistleblowing that can be
   dapat diakses melalui email maupun website perusahaan.                        accessed via email or the company’s website.
                                                            Keberlanjutan / Sustainability
Definisi                                                                      Definition
Korporasi mematuhi peraturan perundang-undangan serta                         The corporate complies with laws and regulations and is committed
berkomitmen melaksanakan tanggung jawab terhadap masyarakat                   to carrying out responsibilities towards society and the environment
dan lingkungan agar berkontribusi pada pembangunan berkelanjutan              in order to contribute to sustainable development by working with all
melalui kerjasama dengan semua pemangku kepentingan terkait                   relevant stakeholders to improve their lives in a way that is aligned
untuk meningkatkan kehidupan mereka dengan cara yang selaras                  with business interests and the sustainable development agenda.
dengan kepentingan bisnis dan agenda pembangunan berkelanjutan.
Penerapan di lingkup Perusahaan                                               Implementation within the scope of the Company
• Perusahaan melakukan tanggung jawab sosial terhadap                         • The Company carries out social responsibility towards the
   masyarakat di lingkungan sekitar perusahaan dengan                            community in the environment around the Company by
   melaksanakan program-program CSR.                                             implementing CSR programs.
• Perusahaan mendirikan Rumah BUMN sebagai wadah bagi                         • The Company established Rumah BUMN as a forum for the
   perkembangan UMKM.                                                            development of MSMEs.
• Perusahaan terlibat dalam kegiatan – kegiatan wajib yang                    • Companies are involved in mandatory activities proclaimed by
   dicanangkan oleh Kementerian BUMN.                                            the Ministry of SOEs.
• Perusahaan melaksanakan audit SNI ISO 14001 : 2015 - Sistem                 • The Company carries out SNI ISO 14001: 2015 - Environment
   Manajemen Lingkungan secara konsisten untuk mengevaluasi                      Management System audits consistently to evaluate the
   penerapan kinerja perusahaan terhadap lingkungan.                             implementation of the Company’s performance on the
• Perusahaan melaksanakan Sertifikasi SNI ISO 50001 : 2018 -                     environment.
   Sistem Manajemen Energi sebagai salah satu upaya efisiensi                 • The Company implements SNI ISO 50001: 2018 Certification -
   energi.                                                                       Energy Management System as an energy efficiency effort.



Selain penerapan 4 (empat) pilar governansi korporat,                         In addition to implementing the four pillars of corporate
Perusahaan juga telah menerapkan 8 (delapan) prinsip                          governance, the company has also adopted eight principles
governansi korporat yang berisi hak-hak pemegang saham,                       of corporate governance that encompass the rights of
pemangku kepentingan dan pemenuhannya, aturan pokok                           shareholders, stakeholder fulfillment, basic rules for
tentang pengelolaan, dan pengawasan atas pengelolaan                          corporate management and supervision in Indonesia,
korporasi di Indonesia, termasuk aspek etika, manajemen                       ethical aspects, risk management, and disclosure. The eight
risiko, dan pengungkapan. Adapun 8 (delapan) prinsip                          principles of corporate governance are divided into three
governansi korporat tersebut dibagi dalam tiga kelompok                       groups of principles as follows:
prinsip, yakni:
1. Tiga prinsip pertama adalah kelompok prinsip yang                          1. The first three principles constitute a group of principles
   mengatur fungsi pengurusan dan pengawasan korporasi,                           that regulate the management and oversight functions
   yaitu Direksi dan Dewan Komisaris;                                             of corporations, namely the Board of Directors and the
                                                                                  Board of Commissioners;




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                         Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik          Tanggung Jawab Sosial dan Lingkungan
                         Management Discussion and Analysis       Good Corporate Governance                 Corporate Social and Environmental Responsibility




2. Kelompok prinsip yang mengatur proses dan keluaran                                 2. The group of principles governs the processes and
   yang dihasilkan oleh Direksi dan Dewan Komisaris; dan                                    outputs produced by the Board of Directors and Board of
                                                                                            Commissioners;
3. Kelompok prinsip yang mengatur pemilik sumber daya,                                3. The group of principles governs resource owners, who
   yang terutama akan menerima manfaat dari pelaksanaan                                     are the primary beneficiaries of the implementation of
   governansi korporat.                                                                     corporate governance.


Berikut ini merupakan uraian 8 (delapan) prinsip governansi                           Attached below are 8 (eight) principles of corporate
korporat dan penerapannya di lingkup Perusahaan.                                      governance and their application within the scope of the
                                                                                      Company.
                                              Prinsip 1: Peran dan Tanggung Jawab Direksi dan Dewan Komisaris /
                                  Principle 1: Roles and Responsibilities of the Board of Directors and Board of Commissioners
Definisi                                                                             Definition
Direksi dan Dewan Komisaris menjalankan peran dan tanggung jawabnya                  The Board of Directors and Board of Commissioners carry out their respective
secara independen untuk menciptakan nilai yang berkelanjutan untuk                   roles and responsibilities independently, with the aim of creating sustainable
kepentingan terbaik jangka panjang korporasi dan pemegang saham, dengan              value for the corporation and its shareholders while also considering the
mempertimbangkan kepentingan para pemangku kepentingan.                              interests of stakeholders, all in the best long-term interests of the Company.

Penjelasan                                                                           Explanation
Prinsip 1 berkaitan dengan peran dan tanggung jawab Direksi dalam melakukan          Principle 1 pertains to the roles and responsibilities of the Directors in managing
pengelolaan korporasi serta peran dan tanggung jawab Dewan Komisaris                 the corporation and the supervisory role of the Board of Commissioners over
dalam melakukan pengawasan atas pengelolaan korporasi oleh Direksi. Di               the Directors. This principle also regulates the performance evaluation of both
samping itu Prinsip ini mengatur penilaian kinerja Direksi dan Dewan Komisaris       the Board of Directors and Commissioners, addresses conflicts of interest
dan anggotanya masing-masing, penanganan benturan kepentingan yang                   that may arise between the two boards, and emphasizes the importance of
terjadi pada anggota Direksi dan anggota Dewan Komisaris serta peningkatan           enhancing the competence of their respective members.
kompetensi anggota Direksi dan anggota Dewan Komisaris.

Penerapan di lingkup Perusahaan                                                      Implementation within the scope of the Company
• Dewan Komisaris, Direksi dan karyawan berkomitmen terhadap                         • The Board of Commissioners, Directors and employees are committed to
  implementasi nilai budaya “AKHLAK”.                                                  the implementation of the “AKHLAK” cultural values.
• Dewan Komisaris melakukan pengawasan atas pengelolaan perusahaan                   • The Board of Commissioners supervises the management of the company by
  oleh Direksi melalui laporan-laporan yang disampaikan oleh Direksi, serta            the Board of Directors through reports submitted by the Board of Directors,
  melakukan koordinasi melalui rapat gabungan antara Dewan Komisaris dan               as well as coordinates through regular joint meetings between the Board of
  Direksi secara berkala.                                                              Commissioners and the Board of Directors.
• Direksi menetapkan kebijakan-kebijakan yang berkaitan dengan pengurusan            • The Board of Directors establishes policies related to company management
  perusahaan berupa kebijakan perusahaan, pedoman-pedoman serta                        in the form of company policies, guidelines and standard operating
  standar operasional prosedur.                                                        procedures.
• Direksi melaksanakan rapat internal serta rapat staf untuk pembahasan              • The Board of Directors holds internal meetings as well as staff meetings
  kinerja perusahaan serta rapat lainnya yang terkait dengan pengambilan               to discuss company performance and other meetings related to decision
  keputusan.                                                                           making.
• Penilaian atas kinerja Dewan Komisaris dan Direksi dievaluasi setiap tahun         • Assessment of the performance of the Board of Commissioners and Board
  oleh Pemegang Saham dalam RUPS.                                                      of Directors is evaluated annually by Shareholders at the GMS.
• Direksi menyusun KPI secara Kolegial dan KPI secara Individu.                      • The Board of Directors prepares collegial KPIs and individual KPIs.
• Dewan Komisaris dan Direksi menandatangani Pakta Integritas, Daftar                • The Board of Commissioners and Directors sign the Integrity Pact, Special
  Khusus Kepemilikan Saham, serta Kepatuhan terhadap Pedoman Perilaku                  Register of Share Ownership, and Compliance with the Code of Conduct
  secara berkala setiap tahun.                                                         periodically every year.
• Dewan Komisaris dan Direksi melaksanakan pelatihan dan/atau seminar                • The Board of Commissioners and Board of Directors carry out training and/
  untuk peningkatan kompetensi dan kapabilitas.                                        or seminars to improve competency and capability.
• Perusahaan menyusun laporan tahunan dan laporan keberlanjutan.                     • The company prepares annual reports and sustainability reports.
• Perusahaan menyelenggarakan SMBR Innovation Award sebagai ajang                    • The company organizes the SMBR Innovation Award as a competition for all
  kompetisi bagi seluruh karyawan untuk terus menciptakan inovasi demi                 employees to continue to innovate to improve company performance.
  peningkatan kinerja perusahaan.                                                    • The Board of Commissioners and Board of Directors ensure that the
• Dewan Komisaris dan Direksi memastikan penerapan manajemen risiko                    implementation of risk management runs effectively through regular
  berjalan secara efektif melalui monitoring dan evaluasi secara berkala.              monitoring and evaluation.




                                                                                                                 2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen        Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report        Company Profile          Overview on Business Supports




                                            Prinsip 2: Komposisi dan Remunerasi Direksi dan Dewan Komisaris /
                             Principle 2: Composition and Remuneration of the Board of Directors and Board of Commissioners
Definisi                                                                       Definition
Anggota Direksi dan anggota Dewan Komisaris dipilih dan ditetapkan             The members of the Board of Directors and Board of Commissioners are
sedemikian rupa sehingga komposisi Direksi sebagai organ pengelolaan dan       selected and determined in a manner that ensures a diverse composition of
komposisi Dewan Komisaris sebagai organ pengawasan adalah beragam              both bodies. Each board is comprised of Directors and Commissioners who
dan masing-masing terdiri dari para Direktur dan Komisaris yang memiliki       possess the commitment, knowledge, abilities, experience, and expertise
komitmen, pengetahuan, kemampuan, pengalaman dan keahlian yang                 necessary to effectively fulfill their respective management and supervisory
dibutuhkan untuk memenuhi secara tepat peran pengelolaan Direksi dan peran     roles. Furthermore, the remuneration structure is designed to align the
pengawasan Dewan Komisaris. Remunerasi dirancang untuk secara efektif          interests of both boards with the long-term interests of the corporation and
menyelaraskan kepentingan anggota Direksi dan anggota Dewan Komisaris          the creation of sustainable value.
dengan kepentingan jangka panjang korporasi dan penciptaan nilai yang
berkelanjutan.

Penjelasan                                                                     Explanation
Prinsip 2 mengharuskan pemilihan dan penetapan anggota Direksi dan anggota     Principle 2 stipulates that the selection and appointment of members to
Dewan Komisaris dilakukan sedemikian rupa sehingga Direksi dan Dewan           the Board of Directors and Board of Commissioners must be carried out in a
Komisaris masing-masing sebagai organ pengelolaan dan pengawasan memiliki      manner that ensures the respective boards have a diverse composition of
komposisi anggota dengan pengetahuan, kemampuan, dan keahlian yang             members with the knowledge, abilities, and expertise required to fulfill their
dibutuhkan sesuai dengan perannya masing-masing. Di samping itu, Prinsip       roles. This principle also emphasizes the importance of remuneration policies
ini menekankan pentingnya kebijakan remunerasi untuk mendorong anggota         that encourage the prioritization of the corporation’s long-term interests
Direksi dan anggota Dewan Komisaris mengutamakan kepentingan jangka            based on the principle of sustainability. Additionally, this principle requires
panjang korporasi berdasarkan prinsip keberlanjutan, serta mengharuskan        transparency and accountability in disclosing the remuneration policies and
pengungkapan kebijakan dan informasi remunerasi yang diterima oleh Direksi     information received by both boards
dan Dewan Komisaris secara transparan dan akuntabel.

Penerapan di lingkup Perusahaan                                          Implementation within the scope of the Company
• Perusahaan memiliki Komite Nominasi dan Remunerasi yang membantu • The Company has a Nomination and Remuneration Committee which assists
  Dewan Komisaris dalam melaksanakan fungsi dan tugas Dewan Komisaris      the Board of Commissioners in carrying out the functions and duties of
  terkait Nominasi dan Remunerasi terhadap anggota Direksi dan anggota     the Board of Commissioners regarding the Nomination and Remuneration
  Dewan Komisaris.                                                         of members of the Board of Directors and members of the Board of
                                                                           Commissioners.
• Perusahaan mengungkapkan komposisi dan keberagaman anggota Dewan • The company discloses the composition and diversity of members of the
  Komisaris dan Anggota Direksi dalam laporan tahunan perusahaan.          Board of Commissioners and members of the Board of Directors in the
                                                                           company’s annual report.
• Perusahaan memiliki 2 orang komisaris independen sesuai dengan yang • The company has 2 independent commissioners according to the
  dipersyaratkan dalam POJK 33/POJK.04/2014 yaitu paling kurang 30% dari   requirements in POJK 33/POJK.04/2014, namely at least 30% of the total
  jumlah seluruh anggota Dewan Komisaris.                                  number of members of the Board of Commissioners.
                                              Prinsip 3: Hubungan Kerja antara Direksi dan Dewan Komisaris /
                               Principle 3: Working Relations between the Board of Directors and the Board of Commissioners
Definisi                                                                       Definition
Direksi dan Dewan Komisaris memiliki hubungan kerja yang erat, terbuka,        The Board of Directors and the Board of Commissioners maintain a close, open,
konstruktif, profesional dan saling percaya untuk kepentingan terbaik          constructive, professional, and trusting working relationship to ensure the best
korporasi.                                                                     interests of the corporation are served.

Penjelasan                                                                     Explanation
Prinsip 3 menekankan pentingnya hubungan kerja yang erat, terbuka,             Principle 3 highlights the significance of a close, open, constructive,
konstruktif, profesional, saling percaya antara Direksi dan Dewan Komisaris    professional, and trusting working relationship between the Board of Directors
dalam mencapai kepentingan terbaik korporasi. Prinsip 3 ini juga mengatur      and Board of Commissioners in achieving the best interests of the corporation.
perlunya Dewan Komisaris mengakses informasi yang lengkap serta                This principle also emphasizes the need for the Board of Commissioners
pentingnya anggota Direksi dan Dewan Komisaris memahami implikasi struktur     to have complete access to information, and for members of both boards to
kepemilikan korporasi terhadap pelaksanaan perannya.                           understand the implications of the corporate ownership structure on their
                                                                               roles.

Penerapan di lingkup Perusahaan                                                Implementation within the scope of the Company
• Dewan Komisaris secara berkala melaksanakan rapat bersama Direksi yang       • The Board of Commissioners regularly holds joint meetings with the Board
  dikoordinasikan oleh VP of Corporate Secretary.                                of Directors which are coordinated by the VP Corporate Secretary.
• Direksi mengangkat VP of Corporate Secretary dengan persetujuan Dewan        • The Board of Directors appoints the Corporate Secretary with the approval
  Komisaris.                                                                     of the Board of Commissioners.
• Direksi menyampaikan laporan berkala dan laporan lainnya kepada Dewan        • The Board of Directors submits periodic reports and other reports to the
  Komisaris.                                                                     Board of Commissioners.
• Direksi mengajukan permintaan persetujuan kepada Dewan Komisaris             • The Board of Directors submits a request for approval to the Board of
  terkait kegiatan perusahaan yang memerlukan persetujuan Dewan                  Commissioners regarding company activities that require the approval of
  Komisaris.                                                                     the Board of Commissioners.




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                         Management Discussion and Analysis            Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                          Prinsip 4: Perilaku Etis / Principle 4: Ethical Conduct
Definisi                                                                Definition
Korporasi memiliki komitmen untuk bertindak secara etis dan bertanggung The corporation is committed to acting ethically and responsibly, while
jawab, menegakkan nilai-nilai dan budaya organisasi.                    upholding the values and culture of the organization.

Penjelasan                                                                                Explanation
Prinsip 4 mengharuskan korporasi untuk membuat pernyataan secara berkala                  Principle 4 mandates that corporations periodically make statements regarding
tentang komitmen korporasi tidak hanya mematuhi peraturan perundang-                      their commitment not only to comply with applicable laws and regulations but
undangan yang berlaku, namun juga komitmen untuk bertindak etis dan                       also to act ethically and responsibly.
bertanggung jawab.

Penerapan di lingkup Perusahaan                                                           Implementation within the scope of the Company
• Perusahaan memiliki Pedoman Perilaku yang berlaku untuk Dewan                           • The company has a Code of Conduct that applies to the Board of
  Komisaris, Direksi, Karyawan termasuk karyawan anak usaha serta mitra                     Commissioners, Directors, Employees including employee of subsidiaries
  usaha.                                                                                    and business partners.
• Perusahaan memiliki Pedoman Pengendalian Gratifikasi.                                   • The company has Gratuities Control Guidelines.
• Sosialisasi terkait Soft-structure GCG termasuk terkait gratifikasi, suap,              • Dissemination related to GCG Soft structure including those related to
  fraud dan korupsi dilakukan secara konsisten dan berkala kepada pihak                     gratuity, bribery, fraud and corruption is carried out consistently and
  internal dan eksternal perusahaan.                                                        periodically to internal and external parties of the company.
• Pelaksanaan Bimbingan Teknis terkait Gratifikasi dan pelatihan SNI ISO                  • Implementation of Technical Guidance related to Gratuities and training
  37001 : 2016 Sistem Manajemen Anti Penyuapan dilaksanakan oleh karyawan.                  on SNI ISO 37001: 2016 Anti-Bribery Management System carried out by
                                                                                            employees.
• Perusahaan menerapkan nilai budaya AKHLAK sebagai nilai perusahaan                      • The company implements AKHLAK cultural values as corporate values that
  yang wajib dipahami dan dilaksanakan oleh Dewan Komisaris, Direksi serta                  must be understood and implemented by the Board of Commissioners,
  karyawan.                                                                                 Directors and employees.
• Internalisasi budaya AKHLAK dilakukan melalui sosialisasi dan pelatihan                 • Internalization of the AKHLAK culture is carried out through outreach and
  kepada karyawan pada semua level jabatan.                                                 training to employees at all levels of positions.
• Perusahaan menyediakan media pelaporan pelanggaran dan mekanisme                        • The company provides media for Whistleblowing and reporting and follow-
  pelaporan dan tindaklanjut yang diatur dalam Prosedur Pelaporan                           up mechanisms regulated in the Whistleblowing System Procedure.
  Pelanggaran/Whistleblowing System.
            Prinsip 5: Manajemen Risiko, Pengendalian Internal dan Kepatuhan / Principle 5: Risk Management, Internal Control and Compliance
Definisi                                                                                  Definition
Korporasi menjalankan praktik governansi korporat yang terintegrasi dengan                The corporation integrates its corporate governance practices with the
penerapan sistem pengendalian internal dan manajemen risiko, serta sistem                 implementation of internal control and risk management systems, as well\ as
manajemen kepatuhan yang efektif dalam rangka mendukung pencapaian                        an effective compliance management system to support the achievement of
sasaran, visi, misi, tujuan, maupun target kinerja dalam menjalankan bisnis               its goals, vision, mission, and performance targets with integrity.
secara berintegritas.

Penjelasan                                                                                Explanation
Prinsip 5 mengharuskan Direksi untuk mengimplementasikan governansi,                      Principle 5 requires the Board of Directors to implement governance, internal
sistem pengendalian internal dan manajemen risiko, dan sistem manajemen                   control, and risk management systems, as well as an integrated compliance
kepatuhan secara terintegrasi sebagai bagian dari strategi, perangkat                     management system as part of the strategy, management tools, and practices
manajemen, dan praktik yang dijalankan korporasi dalam berbisnis secara                   to conduct responsible business as a good corporate citizen. The Board of
bertanggung jawab (responsible business) sebagai warga korporat yang baik                 Commissioners monitors and provides input on the effectiveness of the
(good corporate citizen). Dewan Komisaris memantau dan menyampaikan                       implementation of these systems by the directors, which are integrated across
masukan terhadap efektivitas penerapan governansi, sistem pengendalian                    the organization.
internal dan manajemen risiko, dan sistem manajemen kepatuhan korporat
yang dilaksanakan secara terintegrasi oleh Direksi.

Penerapan di lingkup Perusahaan                                                           Implementation within the scope of the Company
• Direksi melalui Department of Internal Audit melaksanakan sistem                        • The Board of Directors through the Department of Internal Audit of
  pengendalian internal serta secara berkala melaksanakan koordinasi dan                    implements an internal control system and periodically coordinates and
  pelaporan kepada Dewan Komisaris melalui Komite Audit.                                    reports to the Board of Commissioners through the Audit Committee.
• Unit kerja Legal & Compliance menjalankan fungsi kepatuhan terhadap                     • The Legal & Compliance work unit carries out the compliance function with
  peraturan perundang-undangan dan ketentuan yang berlaku serta                             applicable laws and regulations and ensures that the Company] always has
  memastikan bahwa perusahaan selalu memiliki informasi terkini mengenai                    the latest information regarding updates to laws and regulations.
  pembaharuan atas peraturan perundang-undangan.
• Direksi membentuk Department of Risk Management sebagai unit pengelola  • The Board of Directors established the Risk Management Department as the
  manajemen risiko perusahaan.                                              company’s risk management unit.
• Pelaksanaan identifikasi risiko dan penyusunan rencana mitigasi risiko  • Implementation of risk identification and preparation of risk mitigation
  dilaksanakan dari semua level mulai dari tingkat section hingga korporat. plans carried out at all levels, from section to corporate level.
• Pelaksanaan monitoring dan evaluasi untuk menilai efektivitas atas mitigasi
                                                                          • Implementation of monitoring and evaluation to assess the effectiveness of
  risiko dilaksanakan secara berkala.                                       risk mitigation is carried out periodically.
• Pengawasan Dewan Komisaris terhadap penerapan manajemen risiko          • The Board of Commissioners’ supervision of the implementation of risk
  di perusahaan dilaksanakan melalui koordinasi berkala antara Komite       management in the company is carried out through periodic coordination
  Manajemen Risiko dan Department of Risk Management.                       between the Risk Management Committee and the Risk Management
                                                                            Department.
• Komite Manajemen Risiko di perusahaan berjumlah 3 (tiga) orang dengan • The Risk Management Committee in the company consists of 3 (three)
  salah satu anggota Dewan Komisaris sebagai Ketua.                         people with one member of the Board of Commissioners as Chairman.
• Department of Internal Audit menyusun Program Kerja Pemeriksaan Tahunan • The Department of Internal Audit compiles the Annual Audit Work Program
  (PKPT) setiap tahun.                                                      (PKPT) every year.




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                              Ikhtisar Kinerja             Laporan Manajemen        Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report        Company Profile          Overview on Business Supports




                                   Prinsip 6: Pengungkapan dan Transparansi / Principle 6: Disclosure and Transparency
Definisi                                                            Definition
Korporasi membuat pengungkapan yang akurat dan tepat waktu mengenai The corporation ensures accurate and timely disclosure of all material matters
semua hal yang material tentang korporasi.                          concerning the organization.

Penjelasan                                                                     Explanation
Prinsip 6 mengharuskan korporasi untuk memiliki kerangka governansi yang       Principle 6 requires corporations to establish a governance framework capable
mampu memberikan keyakinan yang dapat menghasilkan pengungkapan yang           of providing assurance for accurate and timely disclosure of all material
akurat dan tepat waktu mengenai semua hal yang material tentang korporasi,     matters, including financial condition and performance, ownership structure,
yang meliputi kondisi dan kinerja keuangan, kepemilikan atas korporasi, dan    and corporate governance.
governansi korporat.

Penerapan di lingkup Perusahaan                                                Implementation within the scope of the Company
• Perusahaan memiliki kebijakan pengelolaan informasi yang diatur dalam        • The company has an information management policy set out in the
  Pedoman Pengelolaan Informasi.                                                 Information Management Guidelines.
• Perusahaan menyusun Laporan Tahunan dan Laporan Keberlanjutan.               • The company prepares an Annual Report and Sustainability Report.
• Komite Audit melakukan evaluasi terhadap pelaksanaan audit oleh auditor      • The Audit Committee evaluates the implementation of audits by external
  eksternal.                                                                     auditors.
• Informasi terkait perusahaan dimuat dalam website perusahaan.                • Information related to the company is published on the company’s website.
• Perusahaan menyampaikan keterbukaan informasi kepada OJK dan BEI.            • The Company conveys information disclosure to the OJK and BEI.
                                           Prinsip 7: Hak-hak Pemegang Saham / Principle 7: Rights of Shareholders
Definisi                                                                       Definition
Korporasi melindungi dan memfasilitasi pelaksanaan hak pemegang saham          Corporations ensure the protection and facilitation of shareholder rights
dan memastikan perlakukan yang adil terhadap pemegang saham, termasuk          and fair treatment of shareholders, including minority shareholders, while
pemegang saham minoritas. Semua pemegang saham memiliki kesempatan             providing effective remedies for any violation of such rights.
untuk mendapatkan ganti rugi yang efektif atas pelanggaran hak-hak mereka.

Penjelasan                                                                     Explanation
Prinsip 7 menjelaskan mengenai pemenuhan hak pemegang saham dan                Principle 7 explains the fulfillment of shareholder rights and fair treatment for
perlakuan adil bagi pemegang saham, bagaimana cara kerjasama aktif antara      shareholders, the ways in which active cooperation between corporations and
korporasi dengan pemegang sahamnya dilaksanakan serta pelaksanaan              their shareholders is carried out, and the effective implementation of certain
sebagian hak pemegang saham secara efektif melalui RUPS.                       shareholder rights through the GMS.

Penerapan di lingkup Perusahaan                                                Implementation within the scope of the Company
• Perusahaan telah menetapkan kebijakan mengenai insider trading yang          • The Company has established a policy regarding insider trading which is
  tercantum dalam Pedoman Tata Kelola Perusahaan yang Baik (Good                 listed in the Guidelines for Good Corporate Governance.
  Corporate Governance).
• Perusahaan melaksanakan keterbukaan informasi dan menyampaikan               • The company implements information disclosure and submits information
  informasi kepada Dewan Komisaris dan Pemegang Saham secara tepat               to the Board of Commissioners and Shareholders in a timely manner.
  waktu.
• Perusahaan menyampaikan informasi dan fakta material kepada Otoritas       • The company submits material information and facts to the Financial
  Jasa Keuangan (OJK) dan Bursa Efek Indonesia (BEI) melalui surat ataupun     Services Authority (OJK) and the Indonesia Stock Exchange (IDX) by letter
  pelaporan elektronik.                                                        or electronic reporting.
• Pelaksanaan pemanggilan RUPS dilaksanakan paling lambat 21 hari kalender   • Implementation of invitation for the GMS shall be carried out no later than
  tanpa memperhitungkan tanggal pemanggilan dan pelaksanaan RUPS.              21 calendar days without taking into account the date of the invitation and
                                                                               implementation of the GMS.
• Perusahaan menerbitkan tata tertib RUPS di website pada saat pemanggilan • The company publishes the GMS rules on the website at the time of the GMS
  RUPS dan diinformasikan kepada pemegang saham yang hadir dalam               invitation and informs the shareholders who are present at the GMS.
  pelaksanaan RUPS.
• Penunjukan Kantor Akuntan Publik disetujui oleh pemegang saham dalam • Appointment of Public Accounting Firm approved by shareholders at the
  RUPS.                                                                        GMS.
• Penyampaian ringkasan risalah RUPS dilaksanakan paling lambat 2 hari kerja • Submission of the summary of the minutes of the GMS is carried out no later
  setelah penyelenggaraan RUPS kepada OJK dan BEI serta melalui website        than 2 working days after the holding of the GMS to OJK and IDX as well as
  perusahaan.                                                                  through the company’s website.




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                        Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis           Good Corporate Governance               Corporate Social and Environmental Responsibility




                                          Prinsip 8: Hak-hak Pemangku Kepentingan / Principle 8: Stakeholder Rights
Definisi                                                                                Definition
Korporasi mengakui hak-hak pemangku kepentingan yang ditetapkan dalam                   The corporate recognizes the rights of stakeholders stipulated in applicable
peraturan perundang- undangan yang berlaku atau suatu perjanjian yang                   laws and regulations or an agreement agreed upon by the corporate and
disepakati oleh korporasi dan mendorong kerja sama aktif dengan pemangku                encourages active cooperation with stakeholders in creating wealth,
kepentingan dalam menciptakan kekayaan, lapangan kerja, dan keberlanjutan               employment and financially sound business continuity.
usaha yang sehat secara finansial.

Penjelasan                                                                              Explanation
Prinsip 8 menjelaskan peran Direksi dan Dewan Komisaris mengintegrasikan                Principle 8 describes the roles of the Board of Directors and Board of
aspek keberlanjutan dalam model bisnis korporasi, melaksanakan pelibatan                Commissioners in integrating sustainability aspects into the corporate
pemangku kepentingan, serta memastikan perlindungan terhadap hak-hak                    business model, implementing stakeholder engagement, and ensuring the
para pemangku kepentingan. Dewan Komisaris memantau pengintegrasian                     protection of stakeholder rights. The Board of Commissioners monitors the
semua aspek yang dilakukan oleh Direksi.                                                integration of all aspects by the Board of Directors.

Penerapan di lingkup Perusahaan                                                         Implementation within the scope of the Company
• Perusahaan rutin mengadakan kegiatan pertemuan dengan stakeholders.                   • The Company routinely holds meetings with stakeholders.
• Perusahaan menyediakan media pelaporan pelanggaran sebagai sarana                     • The Company provides media for Whistleblowing as a means of
  pengaduan pelanggaran bagi stakeholders.                                                Whistleblowing for stakeholders.
• Perusahaan menyediakan layanan customer care bagi pelanggan.                          • The Company provides customer care services for customers.
• Perusahaan menjalankan tanggung jawab sosial dan lingkungan secara                    • The Company carries out social and environmental responsibilities in a
  berkelanjutan.                                                                          sustainable manner.




GOVERNANCE SOFT-STRUCTURE                                                                GOVERNANCE SOFT-STRUCTURE
Perusahaan berpedoman pada governance Soft-structure                                     The Company refers to the governance soft structure
yang telah disusun untuk mengatur hubungan antar organ                                   which has been prepared to regulate relationships between
Perusahaan dalam pelaksanaan tugas, tanggung jawab                                       Company organs in carrying out duties, responsibilities, and
dan wewenang yang sesuai dengan ketentuan peraturan                                      authority in accordance with the provisions of applicable laws
perundang-undangan yang berlaku, prinsip-prinsip GCG,                                    and regulations, GCG principles, business ethics, and best
etika bisnis dan praktik-praktik terbaik. Komitmen terbaik                               practices. The Company's best commitment is proven in its
Perusahaan      dibuktikan          dalam         keseriusannya           dalam          seriousness in taking corrective steps to maintain the quality
mengambil langkah perbaikan demi kualitas implementasi                                   of GCG implementation.
GCG yang tetap terjaga.


Perusahaan      menetapkan            beberapa           kebijakan       terkait         The company establishes several policies related to the
penerapan GCG, antara lain:                                                              implementation of GCG, including:
1. Pedoman Tata Kelola Perusahaan yang Baik (Good                                        1. Guidelines on Good Corporate Governance Guidelines
   Corporate Governance) yang disahkan dengan Surat                                            ratified by the Decree of the Board of Directors of
   Keputusan Direksi PT Semen Baturaja (Persero) Tbk                                           PT Semen Baturaja (Persero) Tbk No. PH.01.04/114.A/2020.
   No.PH.01.04/114.A/2020.
2. Board Manual yang disahkan bersama oleh Dewan                                         2. Board       Manual        ratified         jointly        by         the   Board   of
   Komisaris dan Direksi PT Semen Baturaja (Persero) Tbk                                       Commissioners and Directors of PT Semen Baturaja
   pada 28 Desember 2021.                                                                      (Persero) Tbk in December 28, 2021.
3. Pedoman Perilaku (Code of Conduct) yang disahkan                                      3. Code of Conduct ratified by the Decree of the Board
   dengan Surat Keputusan Direksi PT Semen Baturaja                                            of Directors of PT Semen Baturaja (Persero) Tbk No.
   (Persero) Tbk No. PH.01.04/009/2019.                                                        PH.01.04/009/2019.
4. Pedoman Pengendalian Gratifikasi yang disahkan dengan                                 4. Gratuities Control Guidelines which were ratified by the
   Surat Keputusan Direksi PT Semen Baturaja (Persero) Tbk                                     Decree of the Board of Directors of PT Semen Baturaja
   No. PH.01.04/144/2020.                                                                      (Persero) Tbk No. PH.01.04/144/2020.
5. Pedoman Benturan Kepentingan (Conflict of Interest)                                   5. Guidelines for Conflict of Interest which was ratified by
   yang disahkan dengan Surat Keputusan Direksi PT Semen                                       the Decree of the Board of Directors of PT Semen Baturaja
   Baturaja (Persero) Tbk No. PH.01.04/0058/2022.                                              (Persero) Tbk No. PH.01.04/0058/2022.




                                                                                                                  2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen            Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report            Company Profile          Overview on Business Supports




6. Pedoman Pengelolaan Informasi yang disahkan dengan                               6. Information Management Guidelines ratified by the
   Surat Keputusan Direksi PT Semen Baturaja (Persero) Tbk                              Decree of the Board of Directors of PT Semen Baturaja
   No. PH.01.04/011/2019.                                                               (Persero) Tbk No. PH.01.04/011/2019.
7. Pedoman Manajemen Risiko yang disahkan dengan Surat                              7. Risk Management Guidelines ratified by the Decree of the
   Keputusan Direksi PT Semen Baturaja (Persero) Tbk                                    Board of Directors of PT Semen Baturaja (Persero) Tbk
   No.PH.01.04/0061.A/2022.                                                             No. PH.01.04/0061.A/2022.
8. Pedoman dan Tata Tertib Kerja Direksi (Piagam Direksi)                           8. Board of Directors Charter No. M/SMBR/GRC/002 which
   No. M/SMBR/GRC/002 yang disahkan Direksi pada 31                                     was approved by the Board of Directors on October 31
   Oktober 2023.                                                                        2023.
9. Prosedur Pelaporan Pelanggaran/Whistleblowing System                             9. Violation Reporting Procedure/ Whistleblowing System
   No. P/SMBR/GRC/001 yang disahkan oleh Direksi pada                                   No. P/SMBR/GRC/001 which was validated by the Board
   tanggal 30 November 2023.                                                            of Directors on November 30, 2023.
10. SOP Uji Kelayakan No.A SOP 112000-05 yang disahkan                              10. SOP for due diligence which was approved by the Board of
   oleh Direksi pada tanggal 01 September 2022.                                         Directors on September 01, 2022.


Uraian di bawah ini merupakan penerapan GCG di Perusahaan                           The description below represents the implementation of GCG
berdasarkan masing-masing prinsip GCG:                                              in the Company based on each GCG principle:
  No.                          Prinsip / Principle                                                    Bentuk Implementasi / Implementation
  1.    Keterbukaan                                                            • Perusahaan menyelenggarakan Rapat Umum Pemegang Saham (RUPS) guna
        Prinsip ini diadopsi sebagai Budaya Perusahaan yang                      memenuhi persyaratan Anggaran Dasar Perusahaan.
        mengedepankan keterbukaan dalam melaksanakan proses                    • Dewan Komisaris dan Direksi melaksanakan pertemuan baik Internal maupun
        pengambilan keputusan. Keterbukaan dalam melaksanakan                    rapat gabungan sebagai upaya pengawasan maupun pengelolaan Perusahaan.
        pengambilan keputusan dan keterbukaan dalam mengemukakan               • Mempublikasikan Laporan Keuangan yang disajikan melalui media cetak Nasional
        informasi material dan relevan mengenai Perusahaan.                      (Bisnis Indonesia), serta disajikan dalam IDX Net dan Website Perusahaan.
        Perusahaan akan menyediakan informasi yang cukup, akurat               • Kebijakan-kebijakan Perusahaan telah dikomunikasikan kepada seluruh
        dan tepat waktu kepada seluruh Stakeholders, sehingga pihak-             pemangku kepentingan melalui berbagai media komunikasi.
        pihak yang mempunyai keterkaitan dengan Perusahaan, seperti            • Dewan Komisaris dan Direksi mengungkapkan perannya dalam laporan
        Pemegang Saham, Otoritas Jasa Keuangan (OJK), PT Bursa Efek              pelaksanaan Tata Kelola Perusahaan yang Baik secara transparan.
        Indonesia (BEI), Karyawan, Pelanggan, Pemasok dan Stakeholders         • Menginformasikan tentang Perusahaan di Website Perusahaan sesuai dengan
        lainnya, mengetahui risiko yang mungkin terjadi dan keuntungan           ketentuan yang diatur dalam peraturan.
        yang dapat diperoleh dalam melakukan transaksi dengan                  • Mempublikasikan informasi Perusahaan di Website dan Media Sosial Perusahaan.
        Perusahaan, sekaligus ikut serta dalam mekanisme pengawasan            • Perusahaan membuat Laporan Tahunan (Annual Report).
        terhadap jalannya Perusahaan.
                                                                               • The Company holds a General Meeting of Shareholders (GMS) to comply with the
        Transparency                                                             requirements of the Company’s Articles of Association.
        This principle is adopted as a Corporate Culture that promotes         • The Board of Commissioners and Directors hold both internal and joint meetings
        transparency in carrying out the decision-making process.                as an effort to monitor and manage the Company.
        Transparency in carrying out decision-making and transparency          • Publish Financial Reports presented through the National print media (Bisnis
        in disclosing material and relevant information about the                Indonesia), as well as presented on IDX Net and the Company’s Website.
        Company. The company will provide sufficient, accurate and             • Company policies have been communicated to all stakeholders through various
        timely information to all Stakeholders, so that parties related to       communication media.
        the Company, such as Shareholders, Financial Services Authority        • The Board of Commissioners and the Board of Directors disclose their presence
        (OJK), PT Bursa Efek Indonesia (IDX), Employees, Customers,              in the report on the implementation of Good Corporate Governance in a
        Suppliers and Other stakeholders, know the risks that may occur          transparent manner.
        and the benefits that can be obtained in conducting transactions       • Informing about the Company on the Company’s Website in accordance with the
        with the Company, as well as participate in the oversight                provisions stipulated in the regulations.
        mechanism of the Company’s operations                                  • Publish Company information on the Company’s Website and Social Media.
                                                                               • The Company makes an Annual Report (Annual Report).




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                       Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis        Good Corporate Governance              Corporate Social and Environmental Responsibility




No.                            Prinsip / Principle                                                  Bentuk Implementasi / Implementation
2.    Akuntabilitas                                                           • Perusahaan telah memiliki berbagai perangkat atau kebijakan seperti Struktur
      Yaitu kejelasan fungsi, pelaksanaan dan pertanggungjawaban                Organisasi, Job Description untuk tiap-tiap jabatan dan penilaian secara
      organ-organ Perusahaan sehingga pengelolaan dan pengawasan                eksternal atau Self-Assessment tiap-tiap Direksi.
      Perusahaan     terlaksana    secara   efektif. Akuntabilitas            • Perusahaan memiliki Rencana Kerja dan Anggaran Perusahaan yang telah
      mencerminkan aplikasi mekanisme sistem Internal Control yang              disahkan oleh Dewan Komisaris.
      mencakup praktik-praktik yang sehat. Direksi bertanggung                • Manajemen melaksanakan tugas dan tanggung jawabnya dengan baik dan
      jawab dalam kegiatan operasional sehari-hari dan Dewan                    memberikan pertanggungjawaban setiap bulan.
      Komisaris mewakili Pemegang Saham dalam pelaksanaan                     • Auditor Eksternal dalam hal ini Kantor Akuntan Publik (KAP) Imelda & Rekan
      pengawasan atas jalannya Perusahaan.                                      telah melaksanakan pemeriksaan terhadap Laporan Keuangan Perusahaan
                                                                                dengan opini Auditor Independen laporan keuangan konsolidasian menyajikan
      Accountability                                                            secara wajar, dalam semua hal yang material, posisi keuangan konsolidasian
      It is the clarity of functions, implementation and accountability         Grup tanggal 31 Desember 2023, serta kinerja keuangan konsolidasian dan arus
      of the Company’s organs so that the management and                        kas konsolidasiaannya untuk tahun yang berakhir pada tanggal tersebut, sesuai
      supervision of the Company are carried out effectively.                   dengan Standar Akuntansi Keuangan di Indonesia.
      Accountability reflects the application of the Internal Control         • Laporan Tahunan Perusahaan merupakan bentuk pertanggungjawaban
      system mechanism which includes sound practices. The Board                Perusahaan dan telah mendapat persetujuan oleh RUPS.
      of Directors is responsible for daily operational activities and the    • Perusahaan memberikan penghargaan bagi karyawan berprestasi namun juga
      Board of Commissioners represents Shareholders in supervising             tegas memberikan sanksi kepada karyawan yang melakukan pelanggaran.
      the running of the Company.                                             • SMBR melaksanakan Assessment terhadap Tata Kelola Perusahaan yang Baik
                                                                                (GCG) tahun 2023 berdasarkan standar ACGS dengan skor 88,51.
                                                                              • Perusahaan melaksanakan Audit Resertifikasi SNI ISO 37001:2016 – Sistem
                                                                                Manajemen Anti Penyuapan pada 23-24 November 2023 dan mendapatkan
                                                                                sertifikat pada 17 Januari 2024.
                                                                              • Pelaksanaan Pengukuran Maturitas Manajemen Risiko secara berkala.

                                                                              • The Company has various tools or policies such as Organizational Structure, Job
                                                                                Description for each position and external assessment or Self-Assessment for
                                                                                each Board of Directors.
                                                                              • The Company has a work plan and company budget that has been approved by the
                                                                                Board of Commissioners.
                                                                              • Management carries out its duties and responsibilities properly and provides
                                                                                accountability every month.
                                                                              • The External Auditor, in this case the Public Accounting Firm (KAP) Imelda &
                                                                                Partners, has carried out an examination of the Company's Financial Report with
                                                                                the Independent Auditor's opinion that the consolidated financial report presents
                                                                                fairly, in all material respects, the Group's consolidated financial position as
                                                                                of December 31, 2023, as well as its financial performance. consolidation and
                                                                                consolidated cash flows for the year ended on that date, in accordance with
                                                                                Financial Accounting Standards in Indonesia.
                                                                              • The Company’s Annual Report is a form of corporate responsibility and has been
                                                                                approved by the GMS.
                                                                              • The Company provides awards for outstanding employees but also imposes strict
                                                                                sanctions on employees who commit violations.
                                                                              • SMBR carried out an Assessment of Good Corporate Governance (GCG) in 2023
                                                                                based on ACGS standard with a score of 88.51.
                                                                              • The Company carried out a Recertification Audit for SNI ISO 37001:2016 – Anti
                                                                                Bribery Management System on November 23-24, 2023 and received a certificate
                                                                                on January 17, 2024.
                                                                              • Implementation of regular Risk Management Maturity Measurements.
3.    Tanggung Jawab                                                  • Memiliki perangkat GCG, Anggaran Dasar serta kebijakan Corporate Social
      Merupakan kesesuaian pelaksanaan pengelolaan Perusahaan           Responsibility (CSR) dan prosedur lainnya yang berlaku di Perusahaan.
      dengan peraturan yang berlaku dan prinsip-prinsip • Seluruh SDM Perusahaan senantiasa memastikan pelaksanaan tugas dan
      Perusahaan yang sehat termasuk di dalamnya pemenuhan              tanggung jawabnya berdasarkan kepada peraturan yang berlaku.
      hak-hak Stakeholders, keselamatan dan kesehatan kerja serta • Melakukan proses audit oleh Audit Eksternal dan hasilnya tidak adanya temuan
      penghindaran dari praktik bisnis yang tidak sehat.                material dari hasil Laporan Audit Eksternal tersebut.
                                                                      • Penerapan Pedoman Perilaku Perusahaan.
      Responsibility
      It is the conformity of the implementation of the Company’s • The Company possesses GCG tools, Articles of Association, and Corporate Social
      management with the applicable regulations and the principles     Responsibility (CSR) policies and other procedures applicable in the Company.
      of a healthy Company including the fulfillment of Stakeholders’ • All of the Company’s human resources always ensure that the implementation of
      rights, occupational safety and health and avoidance of           their duties and responsibilities is based on the applicable regulations.
      unhealthy business practices.                                   • Conducted an audit process by the External Audit and the result was that there
                                                                        were no material findings from the results of the External Audit Statements.
                                                                      • Implementation of the Company’s Code of Conduct.




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                            353
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                              Ikhtisar Kinerja             Laporan Manajemen          Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report          Company Profile          Overview on Business Supports




  No.                          Prinsip / Principle                                                  Bentuk Implementasi / Implementation
  4.    Kemandirian                                                      • Manajemen serta karyawan telah menandatangani Surat Pernyataan Kepatuhan
        Merupakan suatu keadaan dimana Perusahaan dikelola secara          terhadap Pedoman Perilaku dan Pakta Integritas. Hal ini mendukung kebijakan
        profesional tanpa benturan kepentingan dan intervensi dari pihak   mengenai benturan kepentingan (Conflict of Interest).
        manapun yang bertentangan dengan peraturan perundang-            • Setiap organ GCG Perusahaan yaitu Rapat Umum Pemegang Saham, Dewan
        undangan yang berlaku dan prinsip-prinsip Perusahaan yang          Komisaris dan Direksi telah melaksanakan tugas dan tanggung jawab masing-
        sehat. Direksi dalam menjalankan tugas-tugas kepengurusan          masing tanpa adanya intervensi dan dominasi pihak lainnya.
        Perusahaan dan Dewan Komisaris dalam melaksanakan peran          • Perusahaan melakukan Assessment atas GCG maupun kepada Dewan Komisaris
        pengawasan atas jalannya Perusahaan bebas dari intervensi          dan Direksi, yang hasilnya menunjukkan peningkatan dari tahun ke tahun.
        pihak luar.                                                      • Para Pemegang Saham tidak mengintervensi Dewan Komisaris dan Direksi untuk
                                                                           mengelola Perusahaan secara Profesional dan Independen.
        Independence                                                     • Penyelenggaraan pertemuan secara berkala oleh Dewan Komisaris dan Direksi
        It is a situation where the Company is managed professionally      sebagai bentuk implementasi Check and Balances.
        without conflict of interest and intervention from any party
        that is contrary to the applicable laws and regulations and the • Management and employees have signed a Statement of Compliance with the
        principles of a healthy Company. The Board of Directors in         Code of Conduct and Integrity Pact. This supports policies regarding conflicts of
        carrying out the management duties of the Company and the          interest.
        Board of Commissioners in carrying out the supervisory role over • Every organ of the Company’s GCG, namely the General Meeting of Shareholders,
        the running of the Company are free from outside intervention.     the Board of Commissioners and the Board of Directors have carried out their
                                                                           respective duties and responsibilities without any intervention and domination
                                                                           by other parties.
                                                                         • The Company conducts GCG Assessments as well as the Board of Commissioners
                                                                           and Directors, the results of which show an increase from year to year.
                                                                         • Shareholders do not interfere with the Board of Commissioners and Board of
                                                                           Directors to manage the Company professionally and independently.
                                                                         • Holding regular meetings by the Board of Commissioners and Board of Directors
                                                                           as a form of implementation of Checks and Balances.
  5.    Kewajaran                                                    • Perusahaan memiliki peraturan yang mengatur hak dan kewajiban yang berkaitan
        Merupakan prinsip keadilan dan kesetaraan di dalam memenuhi    dengan seluruh pemangku kepentingan.
        hak-hak Stakeholders yang timbul berdasarkan perjanjian • Perusahaan memberikan perlakuan yang adil dan proporsional kepada seluruh
        dan peraturan perundang-undangan yang berlaku. Terhadap        karyawan, mitra kerja dan pemangku kepentingan lainnya.
        Stakeholders tersebut diberikan perlindungan, kesempatan dan • Perusahaan telah memberikan kesempatan kepada seluruh pemangku
        perlakuan yang wajar untuk menuntut jika terjadi pelanggaran   kepentingan melalui Website, dan saluran Pelaporan Pelanggaran (Whistleblowing
        terhadap hak mereka.                                           System).

        Fairness                                                                • The company has regulations governing the rights and obligations relating to all
        It is the principle of justice and equality in fulfilling the rights of   stakeholders.
        Stakeholders that arise based on agreements and applicable • The company provides fair and proportional treatment to all employees, work
        laws and regulations. These Stakeholders are given protection,            partners and other stakeholders.
        opportunity and reasonable treatment to sue if their rights are • The Company has provided opportunities for all stakeholders through Website
        violated.                                                                 and Whistleblowing System channels.




PENILAIAN GCG 2023                                                               GCG ASSESSMENT IN 2023
MEKANISME PELAKSANAAN PENILAIAN                                                  ASSESSMENT MECHANISM
Penilaian GCG di Perusahaan dilaksanakan secara berkala                          GCG assessments in the Company are carried out periodically
setiap tahunnya untuk mengetahui sejauh mana penerapan                           every year to determine the extent to which GCG is
GCG dilaksanakan. Ini juga dilakukan untuk memetakan                             implemented. The assessment also aims to map the condition
kondisi perusahaan serta merupakan wujud dari kepatuhan                          of the Company and is a manifestation of the Company's
Perusahaan terhadap peraturan regulator dalam Peraturan                          compliance with regulatory provision in the Regulation of the
Menteri BUMN No.PER-2/MBU/03/2023 tanggal 24 Maret                               Ministry of SOE No. PER-2/MBU/03/2023 dated March 24,
2023 tentang Pedoman Tata Kelola dan Kegiatan Korporasi                          2023 concerning Guidelines for Governance and Significant
Signifikan Badan Usaha Milik Negara. Penerapan GCG                               Corporate Activities of State-Owned Enterprises. The
tersebut terus dimonitor secara berkala melalui penilaian                        implementation of GCG is monitored regularly through annual
penerapan GCG yang dilakukan setiap tahunnya.                                    GCG implementation assessments.


PIHAK YANG MELAKSANAKAN ASSESSMENT                                               ASSESSOR
Perusahaan telah menunjuk PT Cita Negeri Amanah                                  The Company appointed PT Cita Negeri Amanah (Subsidiary
(Subsidiary of IICD) untuk melakukan penilaian terhadap                          of IICD) to carry out an assessment of the implementation of
penerapan GCG di tahun 2023.                                                     GCG in 2023.


KRITERIA YANG DIGUNAKAN                                                          CRITERIA USED IN THE ASSESSMENT
Dengan ditetapkannya Keputusan Sekretaris Kementerian                            With the stipulation of the Decree of the Secretary of
Badan Usaha Milik Negara No. SK-12/S.MBU/08/2023 tentang                         the Ministry of State-Owned Enterprises No. SK-12/S.
Pencabutan Keputusan Sekretaris Kementerian Badan                                MBU/08/2023 concerning Revocation of Decree of the




354        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 357
                      Analisis dan Pembahasan Manajemen      Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis     Good Corporate Governance           Corporate Social and Environmental Responsibility




Usaha Milik Negara No. SK-16/S.MBU/2012 tentang Indikator/                       Secretary of the Ministry of State-Owned Enterprises No.
Parameter Penilaian dan Evaluasi atas Penerapan Tata Kelola                      SK-16/S.MBU/2012 concerning Indicators/Parameters for
Perusahaan yang Baik (Good Corporate Governance) Badan                           Assessment and Evaluation of the Implementation of Good
Usaha Milik Negara, maka Perusahaan selain merujuk pada                          Corporate Governance for State-Owned Enterprises, the
Surat Edaran Otoritas Jasa Keuangan No. 32/ SEOJK.04/2015                        Company, in addition to referring to the Financial Services
tentang Pedoman Tata Kelola Perusahaan Terbuka sebagai                           Authority Circular No. 32/ SEOJK.04/2015 concerning Public
acuan standar kualitas penerapan GCG, juga mengadopsi                            Company Governance Guidelines as a reference for quality
standar ASEAN Corporate Governance Scorecard (ACGS)                              standards for implementing GCG, also adopting the ASEAN
sebagai dasar penilaian GCG untuk tahun 2023.                                    Corporate Governance Scorecard (ACGS) standard as the
                                                                                 basis for GCG assessment for 2023.


Penilaian GCG di Perusahaan dilakukan dengan mengadopsi                          GCG assessment in the Company is carried out by adopting
prinsip-prinsip GCG menurut ASEAN Corporate Governance                           GCG principles according to the ASEAN Corporate Governance
Scorecard (ACGS) yang merupakan standar penerapan                                Scorecard (ACGS) which is a standard for implementing GCG
praktik GCG berdasarkan prinsip Organization for Economic                        practices based on the principles of the Organization for
Cooperation and Development (OECD) yang dikeluarkan oleh                         Economic Cooperation and Development (OECD) issued by
ASEAN Capital Market Forum.                                                      the ASEAN Capital Market Forum.


Adapun untuk penilaian tahun 2020-2022 tidak dilakukan                           As for the 2020-2022 assessment, no assessment was carried
penilaian    dikarenakan       penilaian         tersebut   merupakan            out because the assessment was a voluntary assessment
penilaian sukarela yang dilakukan oleh tim penilai independen                    carried out by the Company's independent assessment team.
terhadap Perusahaan.


Adapun kriteria ACGS yang menjadi acuan penilaian terdiri                        The ACGS criteria which are used as a reference for
dari 6 kriteria :                                                                assessment consist of 5 criteria:
1. Hak-Hak Para Pemegang Saham                                                   1. Rights of Shareholders
2. Perlakuan Yang Setara Terhadap Para Pemegang Saham                            2. Equitable Treatment of Shareholders
3. Peran Pemangku Kepentingan                                                    3. Role of Stakeholders
4. Pengungkapan dan Transparansi                                                 4. Disclosure and Transparency
5. Tanggung Jawab Direksi dan Dewan Komisaris                                    5. Responsibilities of the Board of Directors and Board of
                                                                                       Commissioners
6. Bonus/Penalti sebagai kriteria tambahan.                                      6. Bonus or Penalty as additional criteria


Hasil Penilaian GCG Perusahaan                                                   Results of the Company’s GCG Assessment
Tabel di bawah ini merupakan perincian hasil penilaian GCG di                    The GCG assessment results for the Company in 2023 are
Perusahaan di tahun 2023.                                                        presented in the table below.
                                                                                                                                    Capaian Tahun 2023 /
                                                                                                         Bobot                      Achievement in 2023
  No.                             Aspek Pengujian / Testing Aspect                                     Penilaian /                                    Capaian /
                                                                                                         Value               Skor / Scores           Achievement
                                                                                                                                                         (%)
   1.    Hak-Hak Para Pemegang Saham / Rights of Shareholders                                              10%                       8,10              80,95%
   2.    Perlakuan Yang Setara Terhadap Para Pemegang Saham / Equal Treatment of                           10%                       8,67              86,67%
         Shareholders
   3.    Peran Pemangku Kepentingan / Role of Stakeholders                                                 15%                      13,85              92,31%
   4.    Pengungkapan dan Transparansi / Disclosure and Transparency                                       25%                      23,44              93,75%
   5.    Tanggung Jawab Direksi dan Dewan Komisaris / Responsibilities of the Board of                     40%                      34,46              86,15%
         Directors and Board of Commissioners
Skor Keseluruhan / Total Score                                                                            100%                      88,51              87,97%
Klasifikasi Kualitas Penerapan GCG / GCG Implementation Quality Clasification                                                       Good




                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja             Laporan Manajemen       Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report       Company Profile        Overview on Business Supports




PERBANDINGAN PENILAIAN GCG PERUSAHAAN                                         COMPARISON OF GCG ASSESSMENT RESULTS
Perbandingan hasil penilaian yang digunakan adalah hasil                      Assessment results used and compared are those of 2019 and
penilaian tahun 2019 dan 2023, dikarenakan penilaian ACGS                     2023, because the last ACGS assessment on the Company
terakhir pada Perusahaan dilakukan pada tahun 2019.                           was carried out in 2019.


Adapun perbandingan hasil penilaian GCG Perusahaan di                         The comparison of the Company's GCG assessment in 2019
tahun 2019 dan tahun 2023 adalah sebagai berikut:                             and 2023 is as follows:
                                                                                                       Perbandingan Tingkat Pemenuhan (%) /
  No.                             Aspek Pengujian / Testing Aspect                                       Comparison of Fulfillment Rates (%)
                                                                                                              2023                       2019
   1.   Hak-Hak Para Pemegang Saham / Rights of Shareholders                                               80,95%                        75%
        Perlakuan Yang Setara Terhadap Para Pemegang Saham / Equal Treatment of
  2.                                                                                                        86,67%                       42,9%
        Shareholders
  3.    Peran Pemangku Kepentingan / Role of Stakeholders                                                   92,31%                       92,3%
  4.    Pengungkapan dan Transparansi / Disclosure and Transparency                                         93,75%                       65,5%
        Tanggung Jawab Direksi dan Dewan Komisaris / Responsibilities of the Board of
  5.                                                                                                        86,75%                       67,7%
        Directors and Board of Commissioners
                                   Total Score (Level 1 & 2)                                                  88,51                      74,82


PERKEMBANGAN SKOR INDEKS GCG SEMEN BATURAJA                                   SEMEN BATURAJA GCG INDEX SCORE DEVELOPMENT
Berikut ini perkembangan skor penilaian GCG Perusahaan                        The Company's GCG assessment score development based
berdasarkan ACGS tahun 2017 - 2019 dan 2023 :                                 on the 2017-2019 and 2023 ACGS is as follows:
                                 Tahun                                                                   Skor Penilaian
                                  2017                                                                          75,03
                                  2018                                                                          72,07
                                  2019                                                                          74,82
                                  2023                                                                          88,51




                                               Grafik Perkembangan Penilaian GCG Perusahaan /
                                               Company GCG Assessment Development


                                                                                         88,51

                                                          75,03               74,82
                                                                      72,07




                                                           2017        2018   2019       2023



REKOMENDASI DAN TINDAK LANJUT                                                 RECOMMENDATIONS AND FOLLOW-UP
Hasil penilaian GCG di Perusahaan menghasilkan rekomendasi                    The     GCG        assessment      in      the       Company   generates
untuk perbaikan pada implementasi GCG di Perusahaan.                          recommendations for improving GCG implementation.
Berikut rekomendasi yang didapat atas hasil penilaian GCG di                  Here are the recommendations obtained from the 2023
tahun 2023:                                                                   assessment:




356       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 359
                       Analisis dan Pembahasan Manajemen      Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis     Good Corporate Governance           Corporate Social and Environmental Responsibility




          Aspek
        Pengujian /
No.                                                                         Rekomendasi / Recommendation
        Assessment
          Aspect
1.     Hak-Hak Para       • Perusahaan diharapkan agar tidak hanya mengungkapkan informasi mengenai adanya sejumlah pertanyaan yang terjadi selama
         Pemegang           berlangsungnya RUPST, namun diharapkan juga agar menyampaikan secara detail terkait pertanyaan-pertanyaan dan jawaban
      Saham / Rights        atas pertanyaan tersebut, baik di dalam Risalah ataupun Ringkasan Risalah hasil RUPST yang mudah diakses publik. / The
      of Shareholders       Company is expected to not only disclose information regarding questions that occurred during the AGMS, but are also expected
                            to provide details regarding the questions and answers to these questions, either in the Minutes or Summary of the Minutes of
                            the AGMS results which are easily accessible to the public.
                          • Informasi mengenai kebijakan/mekanisme pengambilan keputusan melalui voting (pemungutan suara atau jejak pendapat) yang
                            telah tertuang dalam dokumen Tata Tertib RUPST hanya tersaji dalam versi Bahasa Indonesia saja. Kedepannya perusahaan
                            diharapkan dapat menginformasikan ke publik terkait dokumen Tata Tertib RUPST tersebut dalam versi Billingual atau terdapat
                            versi Bahasa Inggrisnya. / Information regarding the policy/decision-making mechanism through voting or opinion polls which
                            has been contained in the AGMS Rules of Procedure document is only presented in the Indonesian version. In the future, the
                            company is expected to be able to inform the public regarding the AGMS Rules of Procedure document in a bilingual version
                            (English version).
                          • Perusahaan diharapkan dapat secepatnya untuk mengumumkan hasil RUPST ke publik dalam jangka waktu 1 hari kerja.
                            Agar pengumuman hasil RUPST dapat dilakukan dengan segera, perusahaan dapat memanfaatkan website (dengan tetap
                            menginformasikan tanggal atau waktu upload informasi tersebut) Perusahaan direkomendasikan untuk membuat kebijakan
                            atau melakukan segala bentuk aktivitas/praktik engagement dengan para pemegang saham (shareholders) sebagai langkah aktif
                            dalam mendorong mereka, termasuk pemegang saham institusi, untuk menghadiri RUPS yang diselenggarakan oleh perusahaan.
                            / It is hoped that the Company can immediately announce the results of the AGMS to the public within 1 working day. Therefore,
                            the announcement of the results of the AGMS can be carried out immediately, companies can use the website (by still informing
                            the date or time of uploading the information). The Company is recommended to develop policies or carry out all forms of
                            engagement activities/practices with shareholders as an active step in encouraging them, including institutional shareholders,
                            to attend the AGM held by the Company.
2.    Perlakuan Yang • Melakukan identifikasi dan pengungkapan identitas atau nama dari auditor eksternal yang akan ditunjuk untuk melakukan
      Setara Terhadap   audit laporan keuangan periode berjalan. Untuk identitas atau nama auditor eksternal yang dimaksud disini adalah nama dari
      Para Pemegang     seseorang, bukannya nama KAP. / Identify and disclose the identity or name of the external auditor who will be appointed to audit
       Saham / Equal    the current period’s financial statements. The identity or name of the external auditor means the name of a person, not the name
       Treatment of     of the KAP.
       Shareholders   • Kebijakan RPT agar di-review dan memasukkan ketentuan yang mengatur mengenai larangan pinjaman atau memastikan bahwa
                        pemberian pinjaman yang diperbolehkan bagi anggota Komisaris dan Direksi perusahaan dilakukan dalam suatu transaksi yang
                        wajar dan pada tingkat suku bunga yang wajar/suku bunga pasar. / The RPT policy should be reviewed and include provisions that
                        regulate the prohibition of loans or ensure that loans permitted to members of the company’s commissioners and directors are
                        carried out in a fair transaction and at a reasonable interest rate/market interest rate.
3.    Peran Pemangku      Perusahaan perlu mempertimbangkan kembali untuk menyelenggarakan program/kebijakan kompensasi atau reward bagi karyawan
        Kepentingan       (bukan hanya kepada Dewan Komisaris dan Direksi), baik itu seperti ESA/ESOP/MSOP serta harus juga disertai dengan adanya
          / Role of       keterangan atau penjelasan lebih lanjut mengenai lock out period (minimal 2 tahun) dari program-program kompensasi jangka
       Stakeholders       panjang tersebut. / The Company needs to reconsider implementing compensation or reward programs/policies for employees (not
                          just for the board of commissioners and directors), whether such as ESA/ESOP/MSOP and must also be accompanied by further
                          information or explanation regarding the lock out period (minimum 2 years) of these long-term compensation programs.
4.    Pengungkapan        • Perusahaan disarankan agar dokumen atau materi (presentasi) yang terdapat di dalam website perusahaan mengenai kinerja
           dan              perusahaan (yang dapat dijadikan referensi/rujukan bagi para analis dan media) disajikan dan diunggah pula dalam versi Bahasa
      Transparansi /        Inggris atau Billingual. Bentuk dokumen ini dapat berupa file teks, pdf atau doc yang dapat diunduh. / The Company is advised
      Disclosure and        that documents or materials (presentations) contained on the Company website regarding company performance (which can be
      Transparency          used as references for analysts and the media) are also presented and uploaded in English version. This document can be in the
                            form of a text, PDF or doc file that can be downloaded.
                          • Perusahaan juga disarankan untuk melengkapi website perusahaan dengan dokumen Anggaran Dasar perusahaan dalam versi
                            bahasa Inggris. Bentuk dokumen ini dapat berupa file teks, pdf atau doc yang dapat diunduh. / The Company is also advised to
                            complete the Company website with the Company’s Articles of Association document in English. This document can be in the
                            form of a text, PDF or doc file that can be downloaded.




                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                      357
Page 360
                             Ikhtisar Kinerja             Laporan Manajemen          Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report          Company Profile         Overview on Business Supports




          Aspek
        Pengujian /
 No.                                                                          Rekomendasi / Recommendation
        Assessment
          Aspect
 5.       Tanggung        • Menambah pihak independen atau mengganti anggota yang tidak independen dengan anggota yang independen pada komposisi
        Jawab Direksi       keanggotaan Komite Nominasi/Remunerasi Perusahaan, sehingga jumlah porsi anggota yang berasal dari pihak independen
          dan Dewan         sampai menjadi lebih besar (mayoritas) dibandingkan pihak yang bukan independen. / Include independent parties or replacing
         Komisaris /        non-independent members with independent members in the membership composition of the Company’s Nomination/
       Responsibilities     Remuneration Committee, therefore the portion of members who come from independent parties becomes larger (majority)
         of the Board       than non-independent parties.
         of Directors     • Terkait dengan komite audit, disarankan untuk menambahkan peran atau fungsinya, yakni tidak hanya merekomendasikan
        and Board of        penunjukkan auditor eksternal saja, namun juga sampai pada pemberian rekomendasi untuk pemberhentian auditor eksternal
       Commissioners        perusahaan. Peran atau fungsi tersebut seharusnya dapat dituangkan atau ditetapkan secara jelas dalam piagam komite audit. /
                            Regarding the audit committee, it is recommended to add to its role or function, namely not only recommending the appointment
                            of an external auditor, but also providing recommendations for the dismissal of the Company’s external auditor. This role or
                            function should be outlined or clearly defined in the audit committee charter.
                          • Perusahaan perlu untuk menyusun dan mengungkapkan kriteria dan sekaligus proses dalam penyeleksian/penunjukan kandidat
                            komisaris perusahaan yang baru (tidak hanya terbatas pada kriteria komisaris independen saja). Pengungkapan mengenai
                            kriteria tersebut dapat dituangkan di dalam Piagam Dewan (Board Manual atau BOC Charter). / The Company needs to develop
                            and disclose the criteria as well as the process for selecting/appointing new company commissioner candidates (not only limited
                            to the criteria for independent commissioners). Disclosure regarding these criteria can be stated in the Board Charter (Board
                            Manual or BOC Charter).
                          • Perusahaan disarankan mengungkapkan kebijakan remunerasi untuk direksi, termasuk juga presiden direktur. Kebijakan
                            remunerasi yang dimaksud mencakup semua jenis tunjangan dan natura, tidak terbatas hanya pemberian insentif jangka pendek
                            saja, namun juga mencakup pemberian insentif jangka panjang maupun insentif yang didasarkan pada kinerja perusahaan.
                            Sehingga, kebijakan/praktik remunerasi anggota direksi setidaknya merinci terkait gaji pokok, insentif atau tantiem (bonus) yang
                            dibayarkan dalam jangka pendek (annual bonus) dan jangka panjang (dalam bentuk deferred stock). Kinerja pengukuran sebagai
                            basis penetapan tantiem (jangka pendek dan jangka panjang), seperti operating margin, free cash flow, atau ROE, dsb, seharusnya
                            diungkapkan. / The Company is advised to disclose remuneration policies for directors, including the president director. The
                            remuneration policy in question includes all types of allowances and in-kind, not limited to providing short-term incentives,
                            but also includes providing long-term incentives as well as incentives based on company performance. Thus, the remuneration
                            policy/practice for members of the board of directors at least details the basic salary, incentives or tantiem (bonus) paid in the
                            short term (annual bonus) and long term (in the form of deferred stock). Performance measurement as a basis for determining
                            bonuses (short term and long term), such as operating margin, free cash flow, or ROE, etc., should be disclosed.
                          • Merumuskan kebijakan remunerasi dengan menetapkan standar yang terukur yang mengkaitkan antara kinerja direksi dengan
                            kepentingan jangka panjang perusahaan, seperti adanya claw back provision, reward atau deferred bonuses yang menggunakan
                            pengukuran-pengukuran, seperti ROE, Cummulative Free Cash Flow, Operating Profit atau lainnya. / Formulate remuneration
                            policies by setting measurable standards that link the performance of directors with the long-term interests of the Company,
                            such as claw back provisions, rewards or deferred bonuses that use measurements, such as ROE, Cumulative Free Cash Flow,
                            Operating Profit or others.
                          • Dewan Komisaris atau organ Dekom (Komite) agar melakukan review terhadap sistem manajemen risiko dan pengendalian
                            internal perusahaan yang material (meliputi pengendalian operasional, keuangan dan kepatuhan), serta mengungkapkan
                            informasi tersebut di dalam Laporan Tahunan (Annual Report). / The Board of Commissioners or the Board of Commissioners
                            (Committee) shall review the Company’s material risk management and internal control systems (including operational, financial,
                            and compliance controls), as well as disclose this information in the Annual Report.
                          • Mengajukan usulan mengenai jabatan komisaris utama perusahaan sebaiknya ditempati oleh pihak atau seorang komisaris
                            independen dan disampaikan pada RUPS saat berakhirnya periode masa jabatan dewan komisaris saat ini, atau kedepannya dapat
                            dipertimbangkan mengenai adanya kebijakan yang mensyaratkan bahwa untuk jabatan komisaris utama perusahaan seharusnya
                            merupakan komisaris independen. / Submit a proposal regarding the position of the Company’s President Commissioner which
                            should be occupied by a party or an independent commissioner and submitted to the GMS at the end of the term of office of the
                            current board of commissioners, or in the future it could be considered whether there is a policy requiring that the position of the
                            Company’s President Commissioner should be an independent commissioner.
                          • Perusahaan disarankan untuk memuat tugas dan tanggung jawab komisaris utama dalam pedoman kerja dewan dan
                            mengungkapkannya ke publik. / The Company is advised to include the duties and responsibilities of the President Commissioner
                            in the board’s work guidelines and disclose them to the public.
                          • Apabila belum dimungkinkan untuk jabatan komisaris utama perusahaan berasal dari pihak independen, maka sebaiknya
                            perusahaan perlu untuk menunjuk seorang komisaris independen untuk menjalankan peran sebagaimana yang dilakukan oleh
                            komisaris utama perusahaan. / If it is not yet possible for the position of the Company’s President Commissioner to come from
                            an independent party, then the Company should appoint an independent commissioner to carry out the role as carried out by the
                            Company’s President Commissioner.
                          • Merumuskan kebijakan remunerasi dengan menetapkan standar yang terukur yang mengkaitkan antara kinerja direksi dengan
                            kepentingan jangka panjang perusahaan, seperti adanya claw back provision, reward atau deferred bonuses yang menggunakan
                            pengukuran-pengukuran, seperti ROE, Cummulative Free Cash Flow, Operating Profit atau lainnya. / Formulate remuneration
                            policies by setting measurable standards that link the performance of directors with the long-term interests of the Company,
                            such as claw back provisions, rewards or deferred bonuses that use measurements, such as ROE, Cumulative Free Cash Flow,
                            Operating Profit or others.
                          • Dewan Komisaris atau organ Dekom (Komite) agar melakukan review terhadap sistem manajemen risiko dan pengendalian
                            internal perusahaan yang material (meliputi pengendalian operasional, keuangan dan kepatuhan), serta mengungkapkan
                            informasi tersebut di dalam Laporan Tahunan (Annual Report). / The Board of Commissioners or the Board of Commissioners
                            organs (Committee) should review the Company’s material risk management and internal control systems (including operational,
                            financial, and compliance controls), as well as disclose this information in the Annual Report.




358      PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                        Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis       Good Corporate Governance             Corporate Social and Environmental Responsibility




            Aspek
          Pengujian /
  No.                                                                          Rekomendasi / Recommendation
          Assessment
            Aspect
                           • Mengajukan usulan mengenai jabatan Komisaris Utama Perusahaan sebaiknya ditempati oleh pihak atau seorang Komisaris
                             Independen dan disampaikan pada RUPS saat berakhirnya periode masa jabatan Dewan Komisaris saat ini, atau kedepannya dapat
                             dipertimbangkan mengenai adanya kebijakan yang mensyaratkan bahwa untuk jabatan Komisaris Utama Perusahaan seharusnya
                             merupakan komisaris independen. / Submit a proposal regarding the position of the Company’s President Commissioner which
                             should be occupied by a party or an Independent Commissioner and submitted to the GMS at the end of the term of office of the
                             current board of commissioners, or in the future it could be considered whether there is a policy requiring that the position of the
                             Company’s President Commissioner should be an Independent Commissioner.
                           • Perusahaan disarankan untuk memuat tugas dan tanggung jawab komisaris utama dalam pedoman kerja dewan dan
                             mengungkapkannya ke publik. / The Company is advised to include the duties and responsibilities of the President Commissioner
                             in the board’s work guidelines and disclose them to the public.
                           • Apabila belum dimungkinkan untuk jabatan Komisaris Utama perusahaan berasal dari pihak independen, maka sebaiknya
                             perusahaan perlu untuk menunjuk seorang Komisaris Independen untuk menjalankan peran sebagaimana yang dilakukan oleh
                             komisaris utama perusahaan. / If it is not yet possible for the position of the Company’s President Commissioner to come from
                             an independent party, then the Company should appoint an Independent Commissioner to carry out the role as carried out by the
                             Company’s President Commissioner.




Berikut uraian perbaikan atas rekomendasi hasil Assessment                           Description of improvements to the recommendations for
GCG     tahun   2022      berdasarkan             Keputusan    Sekretaris            the results of the 2022 GCG Assessment based on the Decree
Kementerian BUMN No. SK- 16/S.MBU/2012 tentang Indikator/                            of the Secretary of the Ministry of SOE No.SK-16/S.MBU/2012
Parameter Penilaian dan Evaluasi atas Penerapan Tata Kelola                          on Indicators/Parameters for Assessment and Evaluation of
Perusahaan Yang Baik (Good Corporate Governance) pada                                the Implementation of Good Corporate Governance in State-
Badan Usaha Milik Negara yang dilakukan di tahun 2023 :                              Owned Enterprises carried out in 2023 is as follows:
1. Perusahaan telah menyusun Annual Report (AR) Tahun                                1. The Company has prepared the Annual Report (AR) for
   Buku 2022 sesuai dengan Peraturan dari OJK dan kriteria                                 the 2022 Fiscal Year in accordance with OJK Regulations
   Annual Report Award (ARA) dan telah berpartisipasi dalam                                and the Annual Report Award (ARA) criteria and has
   penyelenggaraan Annual Report Award tahun 2023.                                         participated in holding the 2023 Annual Report Award.
2. Perusahaan telah berkoordinasi terkait dengan rencana                             2. The Company has coordinated regarding plans for the
   proses pengadaan jasa Quality Assurance Review (QAR)                                    procurement process for SIG and OpCo Quality Assurance
   SIG dan OpCo.                                                                           Review (QAR) services.


IMPLEMENTASI DAN SOSIALISASI GCG TAHUN                                               GCG IMPLEMENTATION AND DISSEMINATION IN
2023                                                                                 2023
Agar penerapan prinsip dan praktik GCG dapat mencapai                                The Company conducts GCG outreach programs to all
tujuan, Perusahaan senantiasa melakukan sosialisasi GCG                              personnel to ensure that the application of GCG principles and
kepada seluruh Insan Semen Baturaja yang mencakup                                    practices achieves its intended goals. These programs aim to
pemahaman mendalam mengenai implementasi GCG beserta                                 provide an in-depth understanding of GCG implementation
pemahaman Soft-structure GCG.                                                        as well as the Company’s GCG soft-structure. The Company’s
                                                                                     GCG soft-structure comprises


Adapun Soft-structure GCG Perusahaan terdiri dari:                                   The Company’s GCG Soft-structure consists of:
1. Pedoman Tata Kelola Perusahaan yang Baik (Good                                    1. Guidelines on Good Corporate Governance
   Corporate Governance)
2. Board Manual                                                                      2. Board Manual
3. Pedoman Perilaku (Code of Conduct)                                                3. Guidelines on Code of Conduct
4. Pedoman Benturan Kepentingan (Conflict of Interest)                               4. Guidelines on Conflict of Interest
5. Pedoman Pengelolaan Informasi                                                     5. Guidelines on Information Management
6. Pedoman Pengendalian Gratifikasi                                                  6. Guidelines on Gratuity Control
7. Pedoman Manajemen Risiko                                                          7. Guidelines on Risk Management
8. Prosedur Pelaporan Pelanggaran/Whistleblowing System                              8. Procedure on Whistleblowing System
9. Kebijakan GCG yang memuat terkait kebijakan Sistem                                9. GCG Policy which contains the policy on Anti-Bribery
   Manajemen Anti Penyuapan.                                                               Management System
10. SOP Uji Kelayakan (Due Diligence)                                                10. SOP of Due Diligence


                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 362
                             Ikhtisar Kinerja                 Laporan Manajemen      Profil Perusahaan           Tinjauan Unit Pendukung Bisnis
                             Performance Highlights           Management Report      Company Profile             Overview on Business Supports




Berikut kegiatan terkait penerapan GCG yang dilakukan di                          The following activities related to the implementation of GCG
tahun 2023:                                                                       were carried out in 2023:
1. Melaksanakan sosialisasi penerapan prinsip–prinsip GCG                         1. Socializing on the application of GCG principles &
   & komitmen terhadap tata kelola kepada Insan Semen                                commitment to governance to Semen Baturaja employees
   Baturaja dan Mitra Usaha PT Semen Baturaja (Persero)                              and business partners of PT Semen Baturaja (Persero)
   Tbk.                                                                              Tbk.
2. Mensosialisasikan Soft-structure GCG melalui :                                 2. Socializing the GCG Soft-structure through:
   a. Website Perseroan di www.semenbaturaja.co.id yang                              a. The Company’s website at www.semenbaturaja.
       bisa di akses oleh pihak internal maupun eksternal.                                 co.id which can be accessed by internal and external
                                                                                           parties.
   b. Portal internal Perseroan (Intranet) http://10.10.2.105/                       b. The              Company’s           internal             portal      (Intranet)
       intranetptsb/ yang bisa diakses oleh seluruh Insan                                  http://10.10.2.105/intranetptsb/                        which      can    be
       Semen Baturaja.                                                                     accessed by all Semen Baturaja personnel.
   c. Sosialisasi melalui email blast kepada Insan Semen                             c. Socialization via email blast to Semen Baturaja
       Baturaja dan Mitra Usaha.                                                           personnel and Business Partners.
   d. Sosialisasi melalui Media Sosial Perusahaan.                                   d. Dissemination through Company Social Media.
3. Review Soft-structure GCG terkait dengan perubahan                             3. Review of GCG Soft-structure related to regulatory
   peraturan, perubahan anggaran dasar perusahaan dan                                changes, changes to the Company's articles of association
   serta benchmark dengan perusahaan lain.                                           and benchmarks with other companies.
4. Pengesahan perubahan Piagam Direksi tahun 2023.                                4. Validation of changes to the Board of Directors' Charter in
                                                                                     2023.
5. Pengesahan        Prosedur        Pelaporan         Pelanggaran/WBS            5. Validation of Violation Reporting Procedures/WBS
   Revisi 4 No. P/SMBR/GRC/001 terbit tanggal 30 November                            Revision 4 No. P/SMBR/GRC/001 published on November
   2023.                                                                             30, 2023.
6. Pengesahan perubahan Surat Keputusan Direksi tentang                           6. Validation of changes to the Board of Directors' Decree
   GCG Officer.                                                                      regarding GCG Officers.
7. Melaksanakan        penandatanganan                Surat      Pernyataan       7. Carrying out the signing of the Code of Conduct
   Kepatuhan Pedoman Perilaku bagi pengurus, karyawan                                Compliance Statement for management, employees and
   serta Mitra Usaha.                                                                Business Partners.
8. Melaksanakan         penandatanganan               Pakta        Integritas,    8. Carrying out the signing of the Integrity Pact, Statement
   Surat Pernyataan Kepatuhan Pedoman Perilaku, Daftar                               of Compliance with the Code of Conduct, List of Share
   Kepemilikan Saham untuk Dewan Komisaris dan Direksi                               Ownership for the Board of Commissioners and Board of
   serta Surat Pernyataan Pemenuhan Persyaratan terkait                              Directors and Statement of Fulfillment of Requirements
   Pengangkatan sebagai Anggota Dewan Komisaris dan                                  related to Appointment as Members of the Company's
   Direksi Perusahaan yang baru.                                                     new Board of Commissioners and Board of Directors.
9. Perusahaan pada tanggal 10 April 2023 melaksanakan                             9. On April 10 2023, the Company implemented the GCG
   penerapan prinsip-prinsip GCG dengan penerbitan Iklan                             principles by publishing an advertisement prohibiting
   larangan menerima atau meminta gratifikasi dalam rangka                           receiving or asking for gratuities in the context of Idul
   Hari Raya Idul Fitri melalui media sosial perusahaan dan                          Fitri through the Company's social media and published
   dipublikasikan di 3 (tiga) media massa (Sumatra Ekspres,                          in 3 (three) mass media (Sumatra Ekspres, Lampung
   Lampung Post dan OKU Ekspres) serta Intranet, Aplikasi                            Post, and OKU Ekspres) as well as Intranet, Easy Access
   Easy Access dan Website.                                                          Application, and Website.
10. Melakukan sosialisasi video Pesan Sosialisasi Anti (PSA)                      10. The dissemination of Anti-Gratuities Socialization
   Gratifikasi melalui Aplikasi Knowledge Management dan                             Message             (PSA)   videos         was       carried       out    through
   tayangan televisi internal.                                                       the company’s social media platforms, knowledge
                                                                                     management              applications,            and         internal    television
                                                                                     broadcasts in work units.




360        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen      Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis     Good Corporate Governance              Corporate Social and Environmental Responsibility




11. Mengikuti E-Learning Bimbingan Teknis Pengendalian                          11. Participating in Gratuities Control Technical Guidance
   Gratifikasi pada website E-Learning (ACLC) Komisi                                  E-Learning on the Corruption Eradication Commission
   Pemberantasan Korupsi (KPK).                                                       (KPK) E-Learning (ACLC) website.
12. Pelaksanaan Bimtek “Pengendalian dan Pencegahan                             12. Implementation of Technical Guidance "Controlling and
   Gratifikasi, Suap dan Korupsi” dengan narasumber                                   Preventing Gratuity, Bribery, and Corruption" with speaker
   Kasatgas Direktorat AKBU – Komisi Pemberantasan                                    from the Head of the AKBU Directorate Task Force -
   Korupsi (KPK) melalui MS Teams yang diikuti oleh                                   Corruption Eradication Commission (KPK) via MS Teams
   karyawan SMBR, Anak Usaha dan Afiliasi.                                            which was attended by SMBR employees, Subsidiaries
                                                                                      and Affiliates.
13. Sosialisasi terkait larangan Korupsi dalam Rangka Hari                      13. Dissemination regarding the prohibition of Corruption
   Anti Korupsi Sedunia (HAKORDIA) melalui pemasangan                                 in the Commemoration of World Anti-Corruption Day
   spanduk, easy access, email dan media sosial.                                      (HAKORDIA) through the installation of banners, easy
                                                                                      access, email, and social media.
14. Pelaksanaan program pengenalan perusahaan kepada                            14. Implementation of a company introduction program for
   Direksi dan Dewan Komisaris baru melalui presentasi dan                            new Board of Directors and Board of Commissioners
   site visit Pabrik Baturaja.                                                        through presentations and site visits to the Baturaja
                                                                                      Plant.
15. Laporan penerimaan Gratifikasi Perusahaan ke Direksi                        15. Report on receipt of Company Gratuities to the Board of
   selama tahun 2023.                                                                 Directors during 2023.
16. Memantau Pelaporan Pelanggaran yang dilaporkan                              16. Monitoring          Violations             reported                through    the
   melalui media pelaporan Whistleblowing System.                                     Whistleblowing System reporting media.
17. Menyusun Laporan Pelaporan Pelanggaran ke Direksi dan                       17. Preparing a Report on Reporting Violations to the Board
   Laporan Efektivitas Media Pelaporan WBS tahun 2023.                                of Directors for the period and a WBS Reporting Media
                                                                                      Effectiveness Report for 2023.
18. Pelaksanaan Penilaian GCG berdasarkan ACGS tahun                            18. Implementation of GCG Assessment based on ACGS in
   2023.                                                                              2023.
19. Pelaksanaan Program Pengendalian Gratifikasi Tahun                          19. Implementation of the Gratification Control Program in
   2023.                                                                              2023.
20. Pelaksanaan Uji Kelayakan terhadap karyawan dan rekan                       20. Implementation of due diligence on employees and
   bisnis.                                                                            business partners.
21. Pelaksanaan Audit Resertifikasi SNI ISO 37001 : 2016                        21. Implementation of the Recertification Audit of SNI ISO
   Sistem Manajemen Anti Penyuapan.                                                   37001: 2016 Anti-Bribery Management System.
22. Pelaksanaan Site Evaluation SNI Award 2023 oleh BSN.                        22. Implementation of the 2023 SNI Award Site Evaluation by
                                                                                      BSN.
23. Pemasangan alat peraga berupa Banner dan Poster terkait                     23. Installation of props in the form of banners and
   gratifikasi dan suap di lingkungan perusahaan.                                     posters related to gratuity and bribery in the Company
24. Mengikuti   Webinar       ASEAN          Corporate    Governance                  environment.
   Scorecard Revised October 2023 oleh ICSA dan Sosialisasi                     24. Attended the ASEAN Corporate Governance Scorecard
   Kriteria dan Penilaian ASEAN Corporate Governance                                  Revised October 2023 Webinar by ICSA and Dissemination
   Scorecard Revised October 2023 oleh OJK dan RSM.                                   of Criteria and Assessment of the ASEAN Corporate
                                                                                      Governance Scorecard Revised October 2023 by OJK and
                                                                                      RSM.
25. Keikutsertaan pada rapat koordinasi terkait GCG dengan                      25. Participation in coordination meetings related to GCG
   SIG dan OpCo serta sosialisasi dan webinar terkait GCG                             with SIG and OpCo as well as socialization and webinars
   lainnya.                                                                           related to other GCG.




                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                 361
Page 364
                              Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report      Company Profile     Overview on Business Supports




PENGHARGAAN GCG OLEH PIHAK EKSTERNAL                                           GCG AWARDS BY EXTERNAL PARTIES
Efektivitas penerapan GCG tercermin dalam penghargaan                          The effectiveness of the company’s GCG implementation
yang diperoleh dari pihak eksternal. Di tahun 2023,                            was reflected in the awards received from external parties
Perusahaan berhasil mewujudkan komitmen GCG dengan                             in 2023. The Company won The Best GRC For Corporate
meraih penghargaan The Best GRC For Corporate Operation                        Operations 2023.
2023.


Berikut penghargaan yang pernah diperoleh Perusahaan di                        The awards that the company received in previous years are
tahun-tahun sebelumnya adalah sebagai berikut:                                 as follows:
Tahun / Year                                                               Penghargaan / Awards
    2023          1. The Best GRC For Corporate Operation 2023.
                  2. The Best GRC Millenial Leader 2023.
    2022          Best State Owned Enterprise dan Top 50 Mid Capitalization of Public Listed Company (Mid Cap PLCs) The 13th
                  IICD Corporate Governance Award 2022 / Best State Owned Enterprise and Top 50 Mid Capitalization of Public
                  Listed Company (Mid Cap PLCs) The 13th IICD Corporate Governance Award 2022
    2021          1. TOP 50 Mid Capitalization Public Listed Company The 12th IICD Corporate Governance, Conference and Award
                     2021 / TOP 50 Mid Capitalization Public Listed Company The 12th IICD Corporate Governance, Conference
                     and Award 2021
                  2. 4th The Best Indonesia Enterprises Risk Management Award IV Tahun 2021 / 4th The Best Indonesia
                     Enterprises Risk Management Award IV Tahun 2021
    2020          -
    2019          1. Best State Owned Enterprise for Midcap Category / Best State Owned Enterprise for Midcap Category
                  2. TOP 50 Mid Capitalization of Public Listed Company - The 11th IICD Corporate Governance, Conference and
                     Award 2019 / TOP 50 Mid Capitalization of Public Listed Company - The 11th IICD Corporate Governance,
                     Conference and Award 2019
    2018          TOP 50 Emiten Kapitalisasi Pasar Terbesar (Big Cap PLCs) dengan praktik Tata Kelola Perusahaan Terbaik dari
                  Indonesia Institute for Corporate Directorship (IICD) / TOP 50 Largest Market Capitalization Issuers (Big Cap
                  PLCs) with Best Corporate Governance practices from Indonesia Institute for Corporate Directorship (IICD)
     2017         Peringkat ke-10 GCG Terbaik – Perusahaan Tbk (Persero) di Indonesia dari Majalah Economic Review / Ranked
                  10th Best GCG - Tbk Company (Persero) in Indonesia from Economic Review Magazine
    2016          Predikat : Sangat Baik (A) GCG Terbaik – Perusahaan Tbk (Persero) di Indonesia Sektor Industri Dasar & Kimia
                  – Semen dari Majalah Economic Review / Predicate: Very Good (A) Best GCG - Tbk Company (Persero) in
                  Indonesia Basic Industry & Chemical - Cement Sector from Economic Review Magazine



ROADMAP PELAKSANAAN DAN PENGEMBANGAN                                           ROADMAP OF COMPANY’S GCG
GCG PERUSAHAAN                                                                 IMPLEMENTATION AND DEVELOPMENT
Perusahaan memiliki roadmap yang bertujuan untuk                               The Company has a roadmap which aims to achieve ideal
mencapai kondisi ideal dalam penerapan GCG secara                              conditions in implementing GCG in a gradual and sustainable
bertahap dan berkelanjutan yang mengacu pada metode                            manner which refers to the assessment method using the
assessment dengan menggunakan indikator dan parameter                          indicators and parameters for assessing SOEs’ GCG.
penilaian GCG.




362         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                        Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis      Good Corporate Governance             Corporate Social and Environmental Responsibility




Adapun Roadmap GCG Perusahaan adalah sebagai berikut:                               The Company's GCG Roadmap is as follows:
            2020                                 2021                            2022                              2023                                   2024
• Reviu Pedoman GCG              • Sertifikasi SNI ISO          • Evaluasi Penerapan GCG        • Review & revisi Soft-                       • Pengesahan Perubahan
• Reviu SOP Pelaporan              37001:2016 Sistem              Perusahaan                      structure GCG                                 Pedoman GCG dan
  Pelanggaran (WBS)                Manajemen Anti Penyuapan     • Benchmark                     • Resertifikasi SNI ISO 37001:                  Pedoman Perilaku
• Pengesahan Board Manual        • Surveillance Audit SNI       • Pelatihan                       2016 Sistem Manajemen                       • Surveillance Audit ke 1
• Pengesahan Pedoman GCG           ISO 37001:2016 Sistem        • Sosialisasi GCG                 Anti Penyuapan                                SNI ISO 37001 : 2016
• Sosialisasi GCG                  Manajemen Anti Penyuapan     • Surveillance Audit SNI        • Pelaksanaan Assessment                      • Rencana
• Pembuatan Aplikasi GCG         • Pelaksanaan Program            ISO 37001:2016 Sistem           Tahun 2023                                    Pengembangan Media
• Penyusunan Database              Pengendalian Gratifikasi       Manajemen Anti Penyuapan      • Menindaklanjuti                               Pelaporan Pelanggaran
  pengelolaan informasi            2021                         • Menindaklanjuti                 Rekomendasi Hasil                           • Pelatihan dan
• Sertifikasi ISO 3700:2016      • Menindaklanjuti                Rekomendasi Hasil Self-         Assessment Tahun 2022                         Sosialisasi terkait GCG
  Sistem Manajemen Anti            Rekomendasi Hasil              Assessment Tahun 2021         • Pelatihan dan Sosialisasi
  Penyuapan                        Assessment Tahun 2020                                          terkait GCG                                 • Validation of Changes
                                 • Tindak lanjut penilaian      •   Evaluation of the Company’s • Pelaksanaan tindakan                          to GCG Code and Code
• Review GCG Guidelines            ACGS                             GCG Implementation            korektif atas temuan audit                    of Conduct
• Review WBS SOP                                                •   Benchmark                     SMAP                                        • 1st Surveillance Audit
• Ratification of Board          • SNI ISO 37001:2016           •   Training                                                                    SNI ISO 37001: 2016
  Manual                           Certification for Anti-      •   Socialization of GCG        • Review & Revise GCG Soft-                   • Whistleblowing Media
• Ratification of GCG Code         Bribery Management           •   Surveillance Audit SNI ISO    Structure                                     Development Plan
• Socialization of GCG             System                           37001:2016 Anti-Bribery     • Recertification of SNI ISO                  • Training and
• Development of GCG             • Surveillance Audit SNI ISO       Management System             37001:2016 Anti-Bribery                       Dissemination related
  applications                     37001:2016 Anti-Bribery      •   Follow-up on                  Management System                             to GCG
• Compilation of Information       Management System                recommendations for 2021 • Implementation
  Management database            • Implementation of the 2021       Self-Assessment results       Assessment in 2023
• SNI ISO 37001: 2016              Gratuity Control Program                                     • Follow-up on
  Certification for Anti-        • Follow-up on the 2020                                          Recommendations from
  Bribery Management               Assessment Results                                             2022 Assessment
  System                           Recommendations                                              • Training and socialization
                                 • Follow-up on ACGS                                              related to GCG
                                   Assessment                                                   • Implementation of
                                                                                                  corrective actions on SMAP
                                                                                                  audit findings


PENCAPAIAN ROADMAP GCG TAHUN 2023                                                   ACHIEVEMENT OF THE GCG ROADMAP IN 2023
Penerapan serta pencapaian Roadmap GCG 2023 berada                                  The implementation and achievement of the 2023 GCG
dalam tahapan pengembangan penerapan tata kelola                                    Roadmap is in the development stage of implementing good
perusahaan yang baik secara berkelanjutan. Selama tahun                             corporate governance in a sustainable manner. In 2023, the
2023, Perusahaan berhasil merealisasikan sejumlah capaian                           Company succeeded in realizing the following achievements:
sebagai berikut:
1. Pengesahan perubahan Pedoman dan Tata Tertib Kerja                               1. Validation of changes to the Board of Directors Charter on
   Direksi (Piagam Direksi) pada 31 Oktober 2023.                                         October 31, 2023.
2. Pengesahan perubahan Prosedur Pelaporan Pelanggaran/                             2. Validation of changes to the Whistleblowing System
   Whistleblowing System Revisi 4 No. No. P/SMBR/GRC/001                                  Revision 4 No. No. P/SMBR/GRC/001 which was validated
   oleh Direksi pada tanggal 30 November 2023.                                            by the Board of Directors on November 30, 2023.
3. Pelaksanaan Resertifikasi SNI ISO 37001 : 2016 - Sistem                          3. Implementation of Recertification to SNI ISO 37001:
   Manajemen Anti Penyuapan oleh PT BSI Group Indonesia.                                  2016 - Anti-Bribery Management System by PT BSI Group
   Audit resertifikasi dilaksanakan pada 23-24 November                                   Indonesia. The recertification audit was carried out on
   2023.                                                                                  November 23-24, 2023.
4. Pelaksanaan Bimtek “Pengendalian dan Pencegahan                                  4. Implementation of Technical Guidance on "Controlling
   Gratifikasi, Suap dan Korupsi” dengan narasumber                                       and Preventing Gratuity, Bribery, and Corruption" with
   Kasatgas Direktorat AKBU – Komisi Pemberantasan                                        speaker from the Head of the AKBU Directorate Task
   Korupsi (KPK) pada 8 Agustus 2023.                                                     Force - Corruption Eradication Commission (KPK) on
                                                                                          August 8, 2023.
5. Penyusunan Laporan Efektivitas Media Pelaporan WBS                               5. Preparation of a WBS Reporting Media Effectiveness
   sebagai upaya tindaklanjut atas temuan audit internal                                  Report as a follow-up effort to the SMSB internal audit
   SMSB.                                                                                  findings.




                                                                                                           2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile      Overview on Business Supports




6. Pelaksanaan Survey Efektivitas Media Pelaporan WBS                         6. Implementation of WBS and SMAP Reporting Media
   dan SMAP kepada seluruh karyawan.                                             Effectiveness Survey for all employees.
7. Penyusunan Annual Report serta partisipasi Annual                          7. Preparation of the Annual Report and participation in
   Report Award sebagai salah satu tindaklanjut rekomendasi                      the Annual Report Award as a follow-up to the 2022 GCG
   assessment GCG tahun 2022.                                                    assessment recommendations.


RENCANA TAHUN 2024                                                            PLANS FOR THE 2024
Implementasi GCG Perusahaan pada tahun 2024 akan                              Corporate GCG implementation in 2023 will focus on:
berfokus pada:
1. Revisi Pedoman GCG.                                                        1. Revision of GCG Code.
2. Revisi Pedoman Perilaku (Code of Conduct).                                 2. Revision of the Code of Conduct.
3. Revisi Pedoman dan Tata Tertib Kerja Dewan Komisaris                       3. Revision of the Board of Commissioners and Board of
   dan Direksi                                                                   Directors Charter.
4. Revisi Pedoman Pengendalian Gratifikasi.                                   4. Revision of Gratuity Control Guidelines.
5. Revisi Pedoman Pengelolaan Informasi.                                      5. Revision of Information Management Guidelines.
6. Revisi Pedoman Benturan Kepentingan (Conflict of                           6. Revision of Guidelines on Conflict of Interest.
   Interest).
7. Revisi Prosedur Pelaporan Pelanggaran/Whistleblowing                       7. Revision of Procedures for Whistleblowing System.
   System.
8. Revisi Prosedur Uji Kelayakan (Due Diligence).                             8. Revision of Due Diligence Procedures.
9. Sosialisasi GCG baik Internal maupun Eksternal.                            9. GCG socialization both internally and externally.
10. Tindak lanjut Rekomendasi Hasil Penilaian ACGS Tahun                      10. Follow up on Recommendations on ACGS Assessment
   2023.                                                                         Results in 2023.
11. Surveillance Audit ke-1 SNI ISO 37001:2016 Sistem                         11. Recertification of 1st Surveillance Audit SNI ISO
   Manajemen Anti Penyuapan (SMAP).                                              37001:2016 Anti-Bribery Management System (SMAP).
12. Pelaksanaan Rencana Kerja Program Pengendalian                            12. Implementation of Gratuities Control Program Work Plan.
   Gratifikasi.
13. Rencana Pengembangan Media Pelaporan Pelanggaran                          13. Whistleblowing Media Development Plan
14. Bimbingan Teknis Peningkatan Pemahaman Gratifikasi                        14. Technical Guidance for Increasing Understanding of
   untuk karyawan.                                                               Gratuities for employees.


PENANDATANGANAN PAKTA INTEGRITAS                                              SIGNING OF INTEGRITY PACT
Seluruh level organisasi diwajibkan menandatangani surat                      All levels of the organization are required to sign a statement
pernyataan kepatuhan terhadap Pedoman Perilaku untuk                          of compliance with the Code of Conduct to ensure that
memastikan Insan Perusahaan memiliki komitmen dalam                           Company Personnel are committed to building ethics and a
membangun etika dan kultur bisnis yang sehat serta                            healthy business culture as well as building understanding,
membangun pemahaman, kepedulian dan komitmen di                               concern and commitment at all levels of the Company. This
semua jajaran Perusahaan. Ini mendukung Perusahaan                            supports the Company in realizing clean, transparent, and
dalam mewujudkan pengelolaan perusahaan yang bersih                           professional company management.
transparan, dan profesional.


Di tahun 2023, terdapat 4 (empat) Dewan Komisaris, 3                          In 2023, there were 4 (four) Board of Commissioners, 3 (three)
(tiga) Direksi, dan 880 karyawan dan karyawati yang telah                     Directors, and 880 employees who signed a statement of
menandatangani surat pernyataan kepatuhan terhadap                            compliance with the Code of Conduct.
Pedoman Perilaku pada tahun 2023.




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                       Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis           Good Corporate Governance           Corporate Social and Environmental Responsibility




PRAKTIK BAD CORPORATE GOVERNANCE                                                        BAD CORPORATE GOVERNANCE PRACTICES
Dengan      komitmen        yang         kuat,        Perusahaan          terus         With a strong commitment, the Company continues to strive
mengupayakan mitigasi dalam meminimalkan praktik bad                                    for mitigation in minimizing bad corporate governance
corporate governance pada seluruh insan Semen Baturaja.                                 practices for all Semen Baturaja personnel. Bad corporate
Praktik-praktik bad corporate governance dapat mengurangi                               governance practices can reduce the effectiveness and
efektivitas serta keoptimalan penerapan GCG di Perusahaan.                              optimality of GCG implementation in the Company. To avoid
Untuk menghindari risiko tersebut, Perusahaan memiliki                                  these risks, the Company is committed to consistently
komitmen untuk menerapkan prinsip GCG secara konsisten                                  implementing GCG principles which have been adapted to
yang telah disesuaikan dengan peraturan yang berlaku.                                   applicable regulations. The implementation of GCG in every
Implementasi GCG yang dilakukan di setiap aktivitas                                     operational business activity of the Company is continuously
operasional bisnis Perusahaan terus diawasi sehingga                                    monitored so as to minimize any actions related to bad
meminimalkan adanya tindakan terkait praktik bad corporate                              corporate governance practices.
governance.


Berdasarkan kajian dokumen, tidak ditemukan penyimpangan                                After conducting a document review, no deviations
yang dapat mengurangi kualitas penerapan Tata Kelola                                    were found that could compromise the quality of the
Perusahaan yang Baik di Perusahaan, seperti perkara                                     implementation of Good Corporate Governance in the
tindak pidana korupsi yang dihadapi oleh Anggota Direksi                                company. These deviations might include corruption cases
dan Anggota Dewan Komisaris, Pencemaran Lingkungan,                                     involving Members of the Board of Directors and Members
adanya permohonan pailit maupun pembekuan produk utama                                  of the Board of Commissioners, environmental pollution,
Perusahaan.                                                                             requests for bankruptcy or freezing of the company’s main
                                                                                        products, and other similar incidents.


Dalam    rangka    mendukung            hal      tersebut,       Perusahaan             To support this commitment, the Company pledges not to
berkomitmen untuk tidak melakukan segala tindakan serta                                 engage in any actions or policies that would violate sound
kebijakan yang berkaitan dengan praktik bad corporate                                   principles of corporate governance, as detailed in the table
governance sebagaimana yang ditunjukkan pada tabel                                      below.
sebagai berikut:
  No.                                                       Keterangan / Description                                                                Praktik / Practice
   1.    Laporan atas aktivitas Perusahaan yang mencemari lingkungan / Report on Company activities that cause                                              Nihil
         environmental pollution
  2.     Perkara penting yang sedang dihadapi oleh Perusahaan, entitas anak, anggota Direksi dan/atau anggota                                               Nihil
         Dewan Komisaris yang sedang menjabat tidak diungkapkan dalam laporan tahunan / Important cases
         currently faced/handled by the Company, subsidiaries, currently active members of the Board of Directors
         and/or members of the Board of Commissioners that are not presented in the annual report.
  3.     Ketidakpatuhan dalam pengungkapan pemenuhan kewajiban perpajakan / Non-compliance to disclosing                                                    Nihil
         the fulfillment of tax obligations.
  4.     Ketidaksesuaian penyajian laporan tahunan dan laporan keuangan dengan peraturan yang berlaku dan                                                   Nihil
         SAK / Non-conformance to applicable regulations and SAK in presenting the annual report and financial
         statements.
  5.     Kasus terkait buruh dan karyawan / Cases related to labor forces and employees.                                                                    Nihil
  6.     Tidak terdapat pengungkapan segmen operasi pada laporan keuangan / No disclosure on operational                                                    Nihil
         segments in the financial statements.
  7.     Terdapat ketidaksesuaian antara Buku Laporan Tahunan dengan laporan tahunan softcopy / Non-                                                        Nihil
         conformance between the printed Annual Report and the softcopy Annual Report.




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights         Management Report      Company Profile     Overview on Business Supports




Rapat Umum Pemegang Saham
General Meeting of Shareholders

Rapat   Umum      Pemegang           Saham           (RUPS)   merupakan        The General Meeting of Shareholders (GMS) serves as a forum
forum di mana para pemegang saham menerima laporan                             where shareholders receive reports and adopt significant
dan mengambil kebijakan penting terkait pengelolaan                            policies related to the management of the Company. The GMS
Perusahaan. RUPS memiliki wewenang yang tidak diberikan                        is granted the authority beyond that of the Board of Directors
kepada Direksi atau Dewan Komisaris dalam batas yang                           or Board of Commissioners, as specified by Law No. 40 of
ditentukan dalam Undang-Undang No. 40 Tahun 2007 tentang                       2007 concerning Limited Liability Companies and/or the
Perseroan Terbatas dan/atau Anggaran Dasar Perusahaan.                         Company’s Articles of Association.


RUPS memberikan tanggung jawab kepada Dewan Komisaris                          The GMS gives the Board of Commissioners and Board of
dan Direksi terkait pengelolaan perusahaan serta mengangkat                    Directors the responsibility for managing the Company and
dan memberhentikannya. RUPS juga mengevaluasi kinerja                          appoints and dismisses them. The GMS also evaluates the
Dewan Komisaris dan Direksi, menyetujui perubahan                              performance of the Board of Commissioners and Board of
Anggaran Dasar Perusahaan dan laporan keuangan serta                           Directors, approves changes to the Company's Articles of
menetapkan remunerasi anggota Dewan Komisaris dan                              Association and financial statements, and determines the
Direksi. Dalam menjalankan fungsi strategisnya RUPS, Dewan                     remuneration of members of the Board of Commissioners and
Komisaris dan Direksi saling menghormati tugas, tanggung                       Board of Directors. In carrying out the strategic function of
jawab dan wewenang masing-masing sesuai peraturan                              the GMS, the Board of Commissioners and Board of Directors
perundang-undangan dan anggaran dasar.                                         respect each other's duties, responsibilities and authority in
                                                                               accordance with the laws and regulations and the articles of
                                                                               association.


RUPS dan/atau Pemegang Saham tidak dapat melakukan                             The GMS and/or Shareholders cannot intervene in the duties,
intervensi terhadap tugas, fungsi dan wewenang Dewan                           functions and grant power to the Board of Commissioners
Komisaris serta Direksi. Namun, Pemegang Saham memiliki                        and Board of Directors. However, Shareholders have the right
hak untuk memberikan masukan dalam proses pengambilan                          to provide input in the process of making important decisions
keputusan penting menyangkut pengembangan dan masa                             regarding the development and future of the Company at the
depan Perusahaan dalam RUPS. RUPS juga menjadi forum                           GMS. The GMS is also a forum for evaluating the performance
evaluasi kinerja Dewan Komisaris dan Direksi dengan                            of the Board of Commissioners and Board of Directors
mempertimbangkan          berbagai          aspek        terkait     kinerja   by considering various aspects related to the Company's
operasional Perusahaan.                                                        operational performance.


JENIS RUPS                                                                     TYPES OF GMS
Terdapat 2 (dua) jenis RUPS, yakni RUPS Tahunan (RUPST)                        There are 2 (two) types of GMS, the Annual GMS (AGMS) which
yang diselenggarakan sebagai pertanggungjawaban Dewan                          is held for the Board of Commissioners and Board of Directors
Komisaris dan Direksi terkait pengelolaan Perusahaan serta                     to report on their responsibility for the management of
RUPS Luar Biasa yang diselenggarakan setiap kali terdapat                      the Company and the Extraordinary GMS which is held
keharusan Perusahaan mengambil keputusan yang bersifat                         whenever there is a need for the Company to make corporate
korporasi yang tidak menjadi wewenang Dewan Komisaris                          decisions which are not under the authority of the Board of
dan Direksi.                                                                   Commissioners and Board of Directors.




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                     Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis      Good Corporate Governance             Corporate Social and Environmental Responsibility




Penyelenggaraan RUPS Perusahaan dilakukan dengan                                 The Company's GMS is held with reference to the following
mengacu pada ketentuan antara lain:                                              provisions:
1. Undang-Undang No. 40 Tahun 2007 tentang Perseroan                             1. Law No. 40 of 2007 concerning Limited Liability
   Terbatas                                                                            Companies
2. Peraturan Otoritas Jasa Keuangan (POJK) Nomor 15/                             2. Financial Services Authority Regulation (POJK) No. 15/
   POJK.04/2020 tentang Rencana dan Penyelenggaraan                                    POJK.04/2020 concerning Planning and Organizing
   Rapat Umum Pemegang Saham Perusahaan Terbuka                                        General Meetings of Shareholders of Public Companies
3. Peraturan Otoritas Jasa keuangan (POJK) Nomor 16/                             3. Financial Services Authority Regulation (POJK) No. 16/
   POJK.04/2020 tentang Pelaksanaan Rapat Umum                                         POJK.04/2020 concerning Electronic General Meeting of
   Pemegang Saham Perusahaan Terbuka Secara Elektronik                                 Shareholders of Public Companies
4. Peraturan Bursa Efek Indonesia No.I-E tentang Kewajiban                       4. Indonesian Stock Exchange Regulation No.I-E concerning
   Penyampaian Informasi                                                               Obligation to Submit Information
5. Anggaran Dasar Perusahaan                                                     5. The Company’s Articles of Association


TATA CARA PENYELENGGARAAN RUPS                                                   GMS CONVENTION MECHANISM
Tata cara penyelenggaraan RUPS Perusahaan mengacu pada                           The Company’s GMS Mechanism refers to (POJK) No. 15/
(POJK) No. 15/POJK.04/2020 dan POJK No. 16/POJK.04/2020                          POJK.04/2020 and POJK No. 16/POJK.04/2020 dated April
tanggal 20 April 2020. Kedua regulasi tersebut berkenaan                         20, 2020. These two regulations relate to the implementation
dengan pelaksanaan RUPS, yang antara lain menguraikan:                           of the GMS, which, among other things, outlines:
1. Pemanggilan RUPS dilakukan dalam jangka waktu                                 1. The invitation for the GMS shall be made no later than
   paling lambat 21 (dua puluh satu) hari sebelum tanggal                              21 (twenty-one) days before the date of the GMS by not
   pelaksanaan RUPS dengan tidak memperhitungkan                                       taking into account the date of the invitation and the date
   tanggal pemanggilan dan tanggal pelaksanaan RUPS                                    of the GMS via the Indonesian Stock Exchange website,
   melalui situs web Bursa Efek Indonesia, situs web                                   the Company's website and 1 (one) Indonesian language
   Perusahaan dan 1 (satu) surat kabar harian berbahasa                                daily newspaper with the national distribution area.
   Indonesia dengan wilayah edar nasional.
2. Sebelum pemanggilan, paling lambat 14 (empat belas)                           2. Prior to the invitation, no later than 14 (fourteen) days in
   hari sebelumnya, Perusahaan wajib menyampaikan                                      advance, the Company is obliged to submit notification
   pemberitahuan atau pengumuman rencana pemanggilan                                   or announcement of plans to call for the GMS via the
   RUPS melalui situs web Bursa Efek Indonesia dan situs                               Indonesian Stock Exchange website and the Company
   web Perusahaan.                                                                     website.
3. Terkait dengan status Perusahaan sebagai salah satu                           3. Regarding the Company's status as a Public Company and
   Perusahaan Terbuka serta dalam rangka keseragaman                                   to ensure uniformity of information regarding the plans
   informasi mengenai rencana dan pelaksanaan RUPS, maka                               and implementation of the GMS, in accordance with the
   sesuai dengan ketentuan POJK No.15/POJK.04/2020                                     provisions of POJK No.15/POJK.04/2020, the Company
   Perusahaan wajib menyampaikan terlebih dahulu mata                                  is obliged to submit the agenda of the meeting to the
   acara rapat tersebut kepada OJK paling lambat 5 (lima)                              OJK in advance no later than 5 (five) working days before
   hari kerja sebelum pemberitahuan atau pengumuman.                                   notification or announcement.
4. Perusahaan dapat melaksanakan RUPS secara elektronik                          4. The Company can carry out GMS electronically (e-GMS)
   (e-RUPS) melalui penyedia e-RUPS. Informasi mengenai                                through e-GMS providers. Information regarding the
   rencana pelaksanaan e-RUPS juga wajib dimuat dalam                                  e-GMS implementation plan must also be included in the
   penyampaian mata acara RUPS kepada OJK dan pada                                     submission of the GMS agenda to the OJK and during the
   saat pengumuman serta pemanggilan RUPS kepada                                       announcement and invitation for the GMS to shareholders.
   pemegang saham.
5. Setelah    pelaksanaan           RUPS,           Perusahaan     wajib         5. After holding the GMS, the Company is obliged to submit
   menyampaikan hasil rapat selambat-lambatnya 2 (dua)                                 the results of the meeting no later than 2 (two) working
   hari kerja setelah rapat tersebut dilaksanakan kepada                               days after the meeting is held to the OJK and the
   OJK dan Bursa Efek Indonesia, serta mengumumkannya                                  Indonesian Stock Exchange, and announce it to the public
   kepada Publik melalui situs web perusahaan.                                         through company website.


                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja                Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                            Performance Highlights          Management Report      Company Profile      Overview on Business Supports




Setiap saham yang dikeluarkan mempunyai 1 (satu) hak                            Each share issued has 1 (one) voting right unless the Articles
suara kecuali Anggaran Dasar menentukan lain. RUPS dapat                        of Association provide otherwise. GMS can be held upon
dilakukan atas permintaan:                                                      request:
1. Pemegang Saham Seri A Dwiwarna;                                              1. Series A Dwiwarna Shareholder;
2. Seorang atau lebih Pemegang Saham yang bersama-                              2. One or more Shareholders who jointly represent 1/10
   sama mewakili 1/10 atau lebih dari jumlah seluruh saham                         or more of the total number of shares issued by the
   yang telah dikeluarkan Perusahaan dengan hak suara                              Company with valid voting rights, in compliance with the
   yang sah, dengan memenuhi ketentuan Anggaran Dasar                              provisions of these Articles of Association and the laws
   ini dan peraturan Perundang-undangan;                                           and regulations;
3. Dewan Komisaris.                                                             3. Board of Commissioners.


PEMEGANG SAHAM                                                                  SHAREHOLDERS
Pemegang Saham merupakan individu atau badan hukum                              Shareholders are individuals or legal entities who legally
yang secara sah memiliki saham Perusahaan. Sesuai                               own Company shares. In accordance with the Company's
Anggaran Dasar Perusahaan, saham Perusahaan terdiri dari 1                      Articles of Association, the Company's shares consist of 1
lembar Saham Seri A Dwiwarna dan Saham Seri B yang dapat                        Series A Dwiwarna share and Series B shares which can be
dimiliki oleh Negara Republik Indonesia dan/atau masyarakat.                    owned by the Republic of Indonesia and/or the public. As for
Adapun struktur kepemilikan Saham Seri B SMBR, yakni                            the ownership structure of Series B SMBR shares, namely PT
PT Semen Indonesia (Persero) Tbk sebesar 75,51% dan                             Semen Indonesia (Persero) Tbk at 75.51% and the Community/
Masyarakat/Publik sebesar 24,49%.                                               Public at 24.49%.


Perusahaan    mengatur        agar       Pemegang          Saham        tidak   The Company regulates that Shareholders are not permitted
diperkenankan melakukan intervensi terhadap fungsi, tugas                       to intervene in the functions, duties and authority of the
dan wewenang Dewan Komisaris dan Direksi. Dalam hal                             Board of Commissioners and Directors. In terms of decision
pengambilan keputusan, hanya dapat dilakukan pada RUPS                          making, it can only be done at the GMS by Shareholders in a
oleh Pemegang Saham secara wajar, transparan, dan untuk                         fair, transparent manner and in the long-term interests of the
kepentingan perusahaan jangka panjang. Pemegang Saham                           company. Shareholders through the GMS have the authority
melalui RUPS memiliki kewenangan untuk menjalankan                              to exercise their rights in accordance with the Company's
haknya sesuai dengan Anggaran Dasar Perusahaan dan                              Articles of Association and applicable laws and regulations.
peraturan perundang-undangan yang berlaku.


HAK PEMEGANG SAHAM                                                              SHAREHOLDERS’ RIGHTS
Perusahaan selalu memperhatikan dan menghormati hak                             The Company places great emphasis on and respects the
dari para Pemegang Saham, termasuk hak untuk menerima                           rights of Shareholders, including their right to receive
pemberitahuan       atas     undangan                pelaksanaan       RUPS.    notification of General Meetings of Shareholders (GMS). In
Berdasarkan ketentuan yang berlaku. Sebelum pelaksanaan                         accordance with applicable provisions, the Company will
RUPS, Perusahaan akan melakukan pemanggilan dalam                               issue a invitation for the GMS at least 21 (twenty-one) days
jangka waktu paling lambat 21 (dua puluh satu) hari terhitung                   prior to the meeting.
sebelum tanggal pelaksanaan RUPS.


Pemanggilan RUPS dilakukan melalui surat kabar, IDX net                         The invitation for General Meetings of Shareholders (GMS) is
(surat tercatat) dan website Perusahaan. Pemanggilan                            issued through newspapers, IDX Net (registered mail), and
tersebut mencantumkan tanggal, waktu, tempat, ketentuan                         the Company’s website. The invitation contains information
Pemegang Saham yang berhak hadir dalam RUPS dan mata                            on the date, time, and location of the meeting, as well as
acara rapat. Perusahaan membagi hak Pemegang Saham                              provisions for shareholders who are entitled to attend and the
berdasarkan seri saham yang dimiliki.                                           agenda of the meeting.




368       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                    Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik           Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis           Good Corporate Governance                  Corporate Social and Environmental Responsibility




Pemegang Saham Seri A Dwiwarna                                                       Shareholders of Series A Dwiwarna Shares
1. Menghadiri dan memberikan suara dalam RUPS, setiap                                1. Attend and vote in the GMS, each share represents 1
   satu saham mewakili 1 hak suara;                                                        voting rights;
2. Mengusulkan Calon Anggota Direksi dan Calon Anggota                               2. Propose Candidates for Members of the Board of
   Dewan Komisaris;                                                                        Directors and Candidates for Members of the Board of
                                                                                           Commissioners;
3. Mengusulkan mata acara RUPS;                                                      3. Propose the agenda of the GMS;
4. Menyetujui pengangkatan dan pemberhentian Dewan                                   4. Approve the appointment and dismissal of the Board of
   Komisaris dan Direksi;                                                                  Commissioners and Directors;
5. Menyetujui   perubahan          Anggaran              Dasar   termasuk            5. Approve changes to the Articles of Association including
   perubahan permodalan;                                                                   changes in capital;
6. Menyetujui penggabungan, peleburan, pengambilalihan,                              6.     Approve the merger, consolidation, takeover, separation
   pemisahan dan pembubaran Perusahaan;                                                    and dissolution of the Company;
7. Menyetujui remunerasi Direksi dan Dewan Komisaris;                                7.     Approve the remuneration of the Board of Directors and
                                                                                           the Board of Commissioners;
8. Menyetujui pemindahtanganan aset;                                                 8. Approve the transfer of assets;
9. Menyetujui mengenai penyertaan dan pengurangan                                    9. Approve the participation and reduction in the percentage
   persentase penyertaan modal pada perusahaan lain;                                       of equity participation in other companies;
10. Menyetujui penggunaan laba;                                                      10. Approve the use of profits;
11. Menyetujui mengenai investasi dan pembiayaan jangka                              11. Approve long-term investments and financing that are
   panjang yang tidak bersifat operasional;                                                not operational in nature;
12. Meminta laporan dan penjelasan mengenai hal tertentu                             12. Request reports and explanations regarding certain
   kepada Direksi dan Dewan Komisaris Perusahaan dengan                                    matters from the Board of Directors and the Board of
   memperhatikan peraturan yang berlaku di bidang Pasar                                    Commissioners of the Company with due observance of
   Modal di Indonesia;                                                                     the prevailing regulations in the Capital Market sector in
                                                                                           Indonesia;
13. Menerima pembayaran dividen dan sisa kekayaan hasil                              13. Receive payment of dividends and remaining assets
   likuidasi;                                                                              resulting from liquidation;
14. Menjalankan hak lainnya berdasarkan UUPT antara lain:                            14. Exercise other rights under the Company Laws (UUPT),
                                                                                           among others are as follows:
   a. Setiap Pemegang Saham berhak mengajukan gugatan                                      a. Each Shareholder has the right to file a lawsuit against
       terhadap Perusahaan ke Pengadilan Negeri apabila                                             the Company to the District Court if they are harmed
       dirugikan karena tindakan Perusahaan yang dianggap                                           due to the Company’s actions considered to be unfair
       tidak adil dan tanpa alasan wajar sebagai akibat                                             and without reasonable reasons as a result of the
       keputusan RUPS, Direksi dan/atau Dewan Komisaris.                                            resolution of the GMS, the Board of Directors and/ or
                                                                                                    the Board of Commissioners.
   b. Setiap Pemegang Saham berhak meminta kepada                                          b. Each Shareholder has the right to request the
       Perusahaan agar sahamnya dibeli dengan harga wajar                                           Company to purchase its shares at a fair price if the
       apabila yang bersangkutan tidak menyetujui tindakan                                          Shareholder does not approve of the Company’s
       Perusahaan yang merugikan Pemegang Saham atau                                                actions that are detrimental to the Shareholders or
       Perusahaan, berupa:                                                                          the Company, in the form of:




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                                Performance Highlights       Management Report       Company Profile         Overview on Business Supports




        i.   Perubahan Anggaran Dasar;                                                     i.    Amendments to the Articles of Association;
        ii. Pengalihan            atau          penjaminan         kekayaan                ii. Transfer or guarantee of the Company’s assets
             Perusahaan yang mempunyai nilai lebih dari 50%                                      with a value of more than 50% of the Company’s
             kekayaan bersih Perusahaan; atau penggabungan,                                      net assets; or merger, consolidation, takeover or
             peleburan, pengambilalihan atau pemisahan.                                          separation.


Pemegang Saham Seri B                                                             Shareholders of Series B Shares
1. Menghadiri dan mengeluarkan suara dalam RUPS, setiap                           1. Attend and cast votes in the GMS, each share represents 1
    satu saham mewakili 1 hak suara;                                                 voting rights;
2. Menerima pembayaran dividen dan sisa kekayaan hasil                            2. Receive dividend payments and remaining assets
    likuidasi;                                                                       resulting from liquidation;
3. Menjalankan hak lainnya berdasarkan UUPT antara lain:                          3. Exercise other rights under the Company Laws, including:
    a. Setiap Pemegang Saham berhak mengajukan gugatan                               a. Each Shareholder has the right to file a lawsuit against
        terhadap Perusahaan ke Pengadilan Negeri apabila                                   the Company to the District Court if they are harmed
        dirugikan karena tindakan Perusahaan yang dianggap                                 due to the Company’s actions which are considered
        tidak adil dan tanpa alasan wajar sebagai akibat                                   unfair and without reasonable reasons as a result of
        keputusan RUPS, Direksi dan/atau Dewan Komisaris.                                  the resolution of the GMS, the Board of Directors and/
                                                                                           or the Board of Commissioners.
    b. Setiap Pemegang Saham berhak meminta kepada                                   b. Each Shareholder has the right to request the
        Perusahaan agar sahamnya dibeli dengan harga wajar                                 Company to purchase its shares at a fair price if the
        apabila yang bersangkutan tidak menyetujui tindakan                                Shareholder does not approve of the Company’s
        Perusahaan yang merugikan Pemegang Saham atau                                      actions that harm the Shareholders or the Company,
        Perusahaan, berupa:                                                                in the form of:
        i.   Perubahan Anggaran Dasar;                                                     i.    Amendments to the Articles of Association;
        ii. Pengalihan            atau          penjaminan         kekayaan                ii. Transfer or guarantee of the Company’s assets
             Perusahaan yang mempunyai nilai lebih dari 50%                                      which have a value of more than 50% of the
             kekayaan bersih Perusahaan; atau penggabungan,                                      Company’s net assets; or merger, consolidation,
             peleburan, pengambilalihan atau pemisahan.                                          acquisition or separation.


PELAKSANAAN RUPS TAHUN BUKU                                                       GMS CONVENTION IN THE FISCAL YEAR
Di tahun 2023, Perusahaan mengadakan RUPS sebanyak 3                              In 2023, the Company held 3 (three) GMS, as follows:
(tiga) kali, yakni:
1. Rapat Umum Pemegang Saham Luar Biasa (RUPSLB)                                  1. Extraordinary General Meeting of Shareholders (EGMS) on
    pada 24 Januari 2023.                                                            January 24, 2023.
2. Rapat Umum Pemegang Saham Tahunan (RUPST) pada 8                               2. Annual General Meeting of Shareholders (AGMS) on May 8,
    Mei 2023.                                                                        2023.
3. Rapat Umum Pemegang Saham Luar Biasa (RUPSLB)                                  3. Extraordinary General Meeting of Shareholders (EGMS) on
    pada 8 November 2023.                                                            November 8, 2023.


RAPAT UMUM PEMEGANG SAHAM TAHUNAN                                                 ANNUAL GENERAL MEETING OF SHAREHOLDERS
Pengumuman RUPS Tahunan                                                           Announcement of the Annual GMS
Pengumuman            penyelenggaraan             RUPS      Tahunan       telah   The announcement of the Annual GMS conventioni was
dipublikasikan        melalui     website          Perusahaan     pada       30   published on the Company's website on March 30, 2023, in
Maret 2023 dalam Bahasa Indonesia dan Bahasa Inggris.                             Indonesian and English. The Annual GMS announcement
Pengumuman RUPS Tahunan memuat sebagai berikut:                                   contained the following:




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                    Analisis dan Pembahasan Manajemen               Tata Kelola Perusahaan yang Baik             Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis              Good Corporate Governance                    Corporate Social and Environmental Responsibility




1. PT Semen Baturaja Tbk (“Perusahaan”) dengan ini                                      1. PT Semen Baturaja Tbk (“Company”) hereby announced to
   mengumumkan kepada para pemegang saham bahwa                                               its shareholders that the Company would hold an Annual
   Perusahaan akan menyelenggarakan Rapat Umum                                                General Meeting of Shareholders for the 2022 Fiscal Year
   Pemegang Saham Tahunan untuk Tahun Buku 2022                                               (“Meeting”) on Monday, May 8, 2023.
   (“Rapat”) pada hari Senin, tanggal 8 Mei 2023.
2. Sesuai dengan Peraturan Otoritas Jasa Keuangan                                       2. In          accordance          with       Financial           Services   Authority
   (POJK) No. 15/POJK.04/2020 tanggal 20 April 2020                                           Regulation (POJK) No. 15/POJK.04/2020 dated April 20,
   tentang Rencana dan Penyelenggaraan Rapat Umum                                             2020 concerning the Planning and Implementation of the
   Pemegang Saham Perusahaan Terbuka (“POJK”) dan                                             General Meeting of Shareholders of Public Companies
   ketentuan Anggaran Dasar Perusahaan, maka dengan ini                                       ("POJK") and the provisions of the Company's Articles of
   disampaikan bahwa:                                                                         Association, it is hereby conveyed that:
   a. Pemegang saham yang berhak hadir dalam Rapat                                            a. Shareholders who are entitled to attend the Meeting
      adalah pemegang saham Perusahaan yang namanya                                                    are Company shareholders whose names are
      tercatat dalam Daftar Pemegang Saham Perusahaan                                                  registered in the Company's Register of Shareholders
      atau sesuai dengan catatan saldo rekening efek di                                                or in accordance with the securities account balance
      PT Kustodian Sentral Efek Indonesia (“KSEI”) pada                                                records at PT Kustodian Sentral Efek Indonesia
      penutupan saham Perusahaan di Bursa Efek Indonesia                                               ("KSEI") at the closing of the Company's shares on the
      pada tanggal 13 April 2023 sampai dengan pukul 16:00                                             Indonesia Stock Exchange on April 13, 2023 until 16:00
      WIB.                                                                                             WIB.
   b. Pemegang       saham          Perusahaan             yang        berhak                 b. The Company's shareholders who have the right to
      mengusulkan Mata Acara Rapat adalah:                                                             propose Meeting Agenda are:
      i.   Pemegang saham Seri A Dwiwarna;                                                             i.   Series A Dwiwarna shareholder;
      ii. 1 (satu) pemegang saham atau lebih yang mewakili                                             ii. 1 (one) shareholder or more representing 1/20 (one
           1/20 (satu per dua puluh) atau lebih dari jumlah                                                 twentieth) or more of the total number of shares
           seluruh saham dengan hak suara.                                                                  with voting rights.


           Yang   disampaikan            secara          tertulis      kepada                               Submitted in writing to the Company no later than
           Perusahaan paling lambat 7 (tujuh) hari sebelum                                                  7 (seven) days before the date of the Invitation
           tanggal Pemanggilan Rapat atau tanggal 6 April                                                   to the Meeting or April 6, 2023, accompanied by
           2023 dengan disertai alasan dan bahan usulan                                                     the reasons and proposed agenda items for the
           mata acara Rapat, dengan memenuhi ketentuan                                                      Meeting, in compliance with the provisions of the
           peraturan perundang-undangan yang berlaku.                                                       applicable laws and regulations.
   c. Pemanggilan Rapat akan diumumkan melalui eASY.                                          c. The Invitation to the Meeting will be announced via
      KSEI, situs web Bursa Efek Indonesia dan situs web                                               eASY.KSEI, the Indonesia Stock Exchange website
      Perusahaan pada tanggal 14 April 2023.                                                           and the Company's website on April 14, 2023.
   d. Perusahaan       akan          menyelenggarakan                    Rapat                d. The Company will hold limited electronic and physical
      secara elektronik dan fisik terbatas. Perusahaan                                                 meetings. The Company urges shareholders who
      menghimbau kepada para pemegang saham yang                                                       are entitled to attend the Meeting to be able to
      berhak hadir dalam Rapat untuk dapat hadir secara                                                attend electronically or to be able to authorize their
      elektronik atau dapat memberikan kuasa kehadiran                                                 presence and vote via the e-Proxy facility in eASY.
      dan suaranya melalui fasilitas e-Proxy dalam eASY.                                               KSEI provided by KSEI at the link https://akses.ksei.
      KSEI yang disediakan oleh KSEI pada tautan https://                                              co.id/ or by downloading the Power of Attorney form
      akses.ksei.co.id/ atau dengan mengunduh formulir                                                 on the Company's website and granting power of
      Surat Kuasa di website Perseroan dan memberikan                                                  attorney to the Securities Administration Bureau
      kuasa kepada petugas Biro Administrasi Efek yang                                                 officer appointed by the Company as a mechanism for
      ditunjuk Perseroan sebagai mekanisme pemberian                                                   granting power of attorney in the process of holding




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                            Performance Highlights       Management Report      Company Profile      Overview on Business Supports




       kuasa dalam proses penyelenggaraan Rapat. Fasilitas                            the Meeting. The e-Proxy facility on eASY.KSEI is
       e-Proxy pada eASY.KSEI tersedia bagi pemegang                                  available for shareholders who are entitled to attend
       saham yang berhak untuk hadir dalam Rapat sejak                                the Meeting from the date of the Invitation to the
       tanggal Pemanggilan Rapat sampai 1 (satu) hari kerja                           Meeting until 1 (one) working day before the Meeting is
       sebelum penyelenggaraan Rapat yaitu 5 Mei 2023.                                held, namely May 5, 2023.
3. Pengumuman Rapat ini dapat diakses pada situs web                         3. This Meeting Announcement can be accessed on the
   KSEI (www.ksei.co.id), Bursa Efek Indonesia (www.idx.                        KSEI (www.ksei.co.id), Indonesia Stock Exchange (www.
   co.id), dan Perusahaan (www.semenbaturaja.co.id).                            idx.co.id), and Company (www.semenbaturaja.co.id)
                                                                                websites.


Pemanggilan RUPS Tahunan                                                     Invitations to the Annual GMS
Perusahaan menetapkan pemanggilan RUPS dilakukan                             The Company determines that the invitation for the GMS will
melalui pengiriman surat panggilan kepada Pemegang Saham                     be made by sending a invitation letter to Shareholders for the
untuk RUPS Tahunan pada 14 April 2023 dan dipublikasikan                     Annual GMS on April 14, 2023 and published on the Company's
di website Perusahaan dalam Bahasa Indonesia dan Bahasa                      website in Indonesian and English as an official invitation in
Inggris sebagai undangan resmi sesuai dengan ketentuan                       accordance with the provisions of the Company's Articles of
Anggaran Dasar Perusahaan.                                                   Association.


Dalam surat panggilan RUPS juga memuat penjelasan dari                       The GMS invitation letter also contains an explanation of each
masing-masing mata acara sesuai pemenuhan atas Peraturan                     agenda item in accordance with compliance with Financial
Otoritas Jasa Keuangan (POJK) No. 15/POJK.04/2020.                           Services Authority Regulation (POJK) No. 15/POJK.04/2020.
Di dalam surat panggilan tersebut terdapat keterangan bahwa                  In the invitation there is a statement that a power of attorney
formulir surat kuasa untuk menghadiri rapat dapat diperoleh                  form to attend the meeting can be obtained with the following
dengan ketentuan sebagai berikut:                                            conditions:
1. Bagi para Pemegang Saham yang berhak untuk hadir                          1. For Shareholders who have the right to attend the GMS to
   dalam RUPS untuk memberikan kuasa kehadiran dan                              authorize their presence and vote electronically via the
   suaranya secara elektronik melalui fasilitas e-Proxy                         e-Proxy facility in the KSEI Electronic General Meeting
   dalam Electronic General Meeting System KSEI (eASY.KSEI)                     System (eASY.KSEI) at the link https://akses.ksei.co.id/
   pada tautan https://akses.ksei.co.id/ yang disediakan                        provided by KSEI as a mechanism for electronically
   oleh KSEI sebagai mekanisme pemberian kuasa secara                           granting power of attorney in the process of holding
   elektronik dalam proses penyelenggaraan Rapat. Jangka                        the Meeting. The period of time that shareholders can
   waktu pemegang saham dapat menyampaikan kuasa dan                            convey their proxies and votes, make changes to the
   suaranya, melakukan perubahan penunjukan penerima                            appointment of proxies and/or change voting choices,
   kuasa dan/atau mengubah pilihan suara, maupun                                or revoke proxies, is from the date of the invitation to the
   pencabutan kuasa, adalah sejak tanggal pemanggilan                           Meeting until 1 (one) working day before the Meeting is
   Rapat sampai 1 (satu) hari kerja sebelum penyelenggaraan                     held, namely May 5, 2023.
   Rapat yaitu 5 Mei 2023.
2. Bagi para Pemegang Saham yang akan menghadiri Rapat                       2. For Shareholders who would attend the Meeting outside
   di luar mekanisme eASY.KSEI, Pemegang Saham dapat                            the eASY.KSEI mechanism, Shareholders can download
   mengunduh formulir surat kuasa di situs web Perusahaan                       the power of attorney form on the Company's website
   www.semenbaturaja.co.id dan selanjutnya surat kuasa                          www.semenbaturaja.co.id and then send the completed
   yang telah diisi dikirimkan melalui email ke: dm@datindo.                    power of attorney via email to: dm@datindo .com and the
   com dan surat aslinya dikirim ke PT Datindo Entrycom                         original letter was sent to PT Datindo Entrycom whose
   yang beralamatkan di Jl. Hayam Wuruk No. 28, Jakarta                         address is Jl. Hayam Wuruk No. 28, Jakarta 10120 no later
   10120 selambat-lambatnya 1 (satu) hari kerja sebelum                         than 1 (one) working day before the date of the Meeting,
   tanggal pelaksanaan Rapat yaitu tanggal 05 Mei 2023                          namely May 5, 2023 at 15.00 WIB.
   pukul 15.00 WIB.




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                     Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis          Good Corporate Governance              Corporate Social and Environmental Responsibility




Pemanggilan RUPS memuat:                                                             The invitation to the GMS contains:
1. Hari, tanggal, waktu dan tempat pelaksanaan RUPS                                  1. Day, date, time and place of the Company's Annual GMS.
   Tahunan Perusahaan.
2. Mata acara dalam RUPS Tahunan Perusahaan.                                         2. Agenda items in the Company's Annual GMS.
3. Penjelasan–penjelasan yang harus disampaikan terkait                              3. Explanations that must be submitted regarding the
   dengan mata acara RUPS Tahunan Perusahaan seperti                                       agenda of the Company's Annual GMS, such as the GMS
   mata acara RUPS agenda rutin Perusahaan, mata acara                                     agenda on the Company's routine agenda, the GMS agenda
   RUPS yang terkait dengan perubahan peraturan yang                                       related to changes in regulations that require approval
   perlu persetujuan RUPS dan usulan Pemegang saham Seri                                   from the GMS and proposals from Series A Dwiwarna
   A Dwiwarna terhadap perubahan pengurusan Perusahaan.                                    shareholders regarding changes to the management of
                                                                                           the Company.
4. Catatan/informasi       terkait       dengan           RUPS    Tahunan            4. Notes/information related to the Company's Annual GMS
   Perusahaan seperti: undangan RUPS Tahunan, ketentuan                                    such as: invitation to the Annual GMS, provisions on
   Pemegang Saham yang berhak hadir dalam RUPS                                             Shareholders who are entitled to attend the Annual GMS,
   Tahunan, Pemegang Saham yang tidak hadir dapat                                          Shareholders who are not present can provide power
   memberikan kuasa melalui mekanisme eASY.KSEI atau                                       of attorney through the eASY.KSEI mechanism or be
   diwakili oleh kuasanya dalam rapat dengan membawa                                       represented by their proxies at the meeting by bringing a
   Surat Kuasa yang dapat diunduh di situs web Perusahaan                                  Power of Attorney. can be downloaded on the Company's
   dan mengirimkannya ke PT Datindo Entrycom, pemegang                                     website and sent to PT Datindo Entrycom, shareholders
   saham berbentuk Badan Hukum diminta untuk membawa                                       in the form of Legal Entities are asked to bring a complete
   fotocopy lengkap Anggaran Dasarnya serta susunan                                        photocopy of their Articles of Association and the latest
   pengurus yang terakhir, bahan mata acara rapat tersedia                                 management composition, meeting agenda materials are
   sejak tanggal Pemanggilan RUPS sampai dengan                                            available from the date of the GMS Invitation until the GMS
   penyelenggaraan RUPS kecuali kecuali untuk materi mata                                  is held except for agenda materials The seventh meeting,
   acara Rapat ketujuh, sesuai dengan Pasal 18 ayat (4) POJK                               in accordance with Article 18 paragraph (4) POJK No.15/
   No.15/POJK.04/2020 dan Anggaran Dasar Perusahaan                                        POJK.04/2020 and the Company's Articles of Association
   Pasal 23 ayat 10.b dan e, akan tersedia paling lambat pada                              Article 23 paragraph 10.b and e, will be available no later
   saat Rapat diselenggarakan.                                                             than when the Meeting is held.


Penyelenggaraan RUPS Tahunan                                                         Annual GMS Convention
Di tahun 2023, Perusahaan melaksanakan RUPS Tahunan                                  In 2023, the Company held an Annual GMS for the 2022 fiscal
tahun buku 2022 yang diselenggarakan pada hari Senin, 8 Mei                          year on Monday, May 8, 2023 at 14.35 – 16.51. WIB, located at
2023 pukul 14.35 – 16.51. WIB, bertempat di Hotel Sari Pacific                       the Sari Pacific Hotel Jakarta – Istana Ballroom Jalan M.H.
Jakarta – Istana Ballroom Jalan M.H. Thamrin No 6, Jakarta                           Thamrin No 6, Jakarta 10340. The process of the Annual
10340. Proses penyelenggaraan Rapat Umum Pemegang                                    General Meeting of Shareholders convention is carried out
Saham    Tahunan    dilaksanakan             berdasarkan         Peraturan           based on Financial Services Authority Regulation No. 15/
Otoritas Jasa Keuangan No. 15/POJK.04/2020 tentang                                   POJK.04/2020 concerning Planning and Organizing General
Rencana dan Penyelenggaraan Rapat Umum Pemegang                                      Meetings of Shareholders of Public Companies and Financial
Saham Perusahaan Terbuka dan Peraturan Otoritas Jasa                                 Services       Authority       Regulation              No.       16/POJK.04/2020
Keuangan No. 16/POJK.04/2020 tentang Pelaksanaan Rapat                               concerning Implementation of Electronic General Meetings
Umum Pemegang Perusahaan Terbuka Secara Elektronik.                                  of Public Company Holders.


RUPS Tahunan dipimpin oleh Komisaris dengan terlebih dahulu                          The Annual GMS is chaired by the Commissioner who first
membacakan tata tertib RUPS sebelum memasuki mata                                    reads the GMS rules and regulations before entering the
acara rapat. Ketua rapat memberikan kesempatan kepada                                meeting agenda. The chairman of the meeting provides the
Pemegang Saham dan/atau kuasanya untuk mengajukan                                    opportunity for Shareholders and/or their proxies to submit




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja                Laporan Manajemen      Profil Perusahaan            Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report      Company Profile              Overview on Business Supports




pertanyaan/tanggapan dan/atau usulan pada setiap mata                            questions/responses and/or proposals on each agenda
acara rapat. Ketua rapat atau Direktur yang ditunjuk oleh                        item of the meeting. The chairman of the meeting or the
Ketua rapat menjawab atau menanggapi pertanyaan/catatan                          director appointed by the chairman of the meeting answers
pemegang saham yang hadir. Setelah semua pertanyaan                              or responds to questions/notes from shareholders present.
dijawab dan ditanggapi selanjutnya dilakukan pemungutan                          After all questions have been answered and responded to,
suara dan hanya pemegang saham dan/atau kuasanya yang                            voting is then carried out and only shareholders and/or their
sah yang berhak untuk mengeluarkan suara.                                        legal proxies have the right to vote.


Tahapan Penyelenggaraan RUPS Tahunan                                             Stages of the Annual GMS Convention
   Rangkaian Kegiatan /
                                                       Ketentuan / Provisions                                            Realisasi / Realization
        Activities
   Pengumuman RUPS             Pengumuman RUPS disampaikan paling lambat 14 hari                        Pengumuman RUPS telah disampaikan melalui
     30 Maret 2023 /           sebelum tanggal pemanggilan RUPS, dengan tidak                           Bursa Efek Indonesia, Otoritas Jasa Keuangan
 Announcement of GMS on        memperhitungkan tanggal pengumuman dan tanggal                           (OJK) dan situs web Perusahaan. / The GMS
     March 30, 2023            pemanggilan / The announcement of the GMS is                             announcement was submitted via the Indonesian
                               submitted no later than 14 days before the date of the                   Stock Exchange, Financial Services Authority (OJK)
                               invitation to the GMS, without taking into account the                   and the Company's website.
                               date of the announcement and the date of the invitation.
Pemanggilan RUPS 14 April Pemanggilan RUPS disampaikan paling lambat 21 hari                            Pengumuman RUPS telah disampaikan melalui
2023 / Invitation to GMS on sebelum tanggal pelaksanaan RUPS, dengan tidak                              Bursa Efek Indonesia, Otoritas Jasa Keuangan (OJK)
       April 14, 2023       memperhitungkan tanggal pengumuman dan tanggal                              dan situs web perusahaan. / The GMS announcement
                            pemanggilan / The invitation for the GMS is submitted                       was submitted via the Indonesian Stock Exchange,
                            no later than 21 days before the date of the GMS, without                   Financial Services Authority (OJK) and the company
                            taking into account the date of the announcement and                        website.
                            the date of the invitation.
  Pelaksanaan RUPS 8 Mei       Tempat: Hotel Sari Pacific Jakarta – Istana Ballroom, Jumlah Saham dengan Hak Suara 7.992.765.800
 2023 / Convention of GMS      Jalan M.H. Thamrin No.6, Jakarta, 10340 / Venue: lembar saham atau 80,4705% / Number of Shares
       on May 8, 2023          Hotel Sari Pacific Jakarta – Istana Ballroom, Jalan M.H. with Voting Rights 7,992,765,800 shares or 80.4705%
                               Thamrin No. 6, Jakarta, 10340
  Penyampaian Ringkasan        Ringkasan Risalah RUPS disampaikan paling lambat 2                       Penyampaian Ringkasan Risalah RUPS telah
 Risalah RUPS 10 Mei 2023      hari setelah tanggal pelaksanaan RUPS / A summary of                     disampaikan melalui Bursa Efek Indonesia, Otoritas
 / Submission of Summary       the GMS Minutes shall be submitted no later than 2 days                  Jasa Keuangan (OJK) dan situs web perusahaan.
 of Minutes of GMS on May      after the date of the GMS                                                / Submission of the Summary of GMS Minutes has
          10, 2023                                                                                      been submitted via the Indonesian Stock Exchange,
                                                                                                        Financial Services Authority (OJK) and the company
                                                                                                        website.
  Penyampaian Risalah/         Risalah/berita acara RUPS disampaikan paling lambat 30                   Penyampaian risalah/berita acara RUPS melalui
 Berita Acara RUPS 5 Juni      hari setelah tanggal pelaksanaan RUPS / The minutes/                     surat kepada Otoritas Jasa Keuangan (OJK),
   2023 / Submission of        minutes of the GMS are submitted no later than 30 days                   Bursa Efek Indonesia dan situs web perusahaan. /
  Minutes/Minutes of the       after the date of the GMS                                                Submission of GMS minutes by letter to the Financial
   GMS on June 5, 2023                                                                                  Services Authority (OJK), the Indonesian Stock
                                                                                                        Exchange and the company website.



Agenda RUPS                                                                      GMS Agenda
Agenda pembahasan RUPS Tahunan Perusahaan adalah                                 The agenda for the Company's Annual GMS is as follows:
sebagai berikut:                                                                 1. Approval of the Annual Report of the Board of Directors
1. Persetujuan Laporan Tahunan Direksi mengenai keadaan                             regarding the condition and operations of the Company
   dan jalannya Perseroan selama Tahun Buku 2022 termasuk                           during the 2022 Fiscal Year including the Report on
   Laporan      Pelaksanaan          Tugas            Pengawasan       Dewan        the Implementation of the Board of Commissioners'
   Komisaris selama Tahun Buku 2022 dan Pengesahan                                  Supervisory Duties during the 2022 Fiscal Year and




374        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                    Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis           Good Corporate Governance                Corporate Social and Environmental Responsibility




   Laporan Keuangan Konsolidasian Tahun Buku 2022, serta                                   Ratification of the Consolidated Fiscal Statements for the
   Pengesahan Penyajian Kembali (restatement) Laporan                                      2022 Fiscal Year, as well as Ratification of the restatement
   Keuangan Konsolidasian Tahun Buku 2021 serta sekaligus                                  of the Consolidated Financial Statements for the 2021
   pemberian    pelunasan         dan       pembebasan           tanggung                  Fiscal Year as well as at the same time granting full
   jawab sepenuhnya (volledig acquit et de charge) kepada                                  repayment and release of responsibility (volledig acquit et
   Direksi dan Dewan Komisaris Perseroan atas Tindakan                                     de charge) to the Company's Board of Directors and Board
   pengurusan dan pengawasan yang telah dijalankan                                         of Commissioners for management and supervision
   selama Tahun Buku 2022;                                                                 actions that have been carried out throughout the 2022
                                                                                           Fiscal Year;
2. Pengesahan    Laporan         Tahunan           termasuk       Laporan            2. Ratification of the Annual Report including the Fiscal
   Keuangan Program Pendanaan Usaha Mikro Kecil                                            Statements of the Micro Small Business Funding
   Tahun Buku 2022, sekaligus pemberian pelunasan dan                                      Program for the 2022 Fiscal Year, as well as granting
   pembebasan tanggung jawab (acquit et de charge) kepada                                  repayment and release of responsibility (acquit et de
   Direksi dan Dewan Komisaris Perseroan atas pengurusan                                   charge) to the Company's Board of Directors and Board
   dan pengawasan Program Pendanaan Usaha Mikro Kecil                                      of Commissioners for the management and supervision
   yang telah dijalankan selama Tahun Buku 2022;                                           of the Micro Small Business Funding Program which has
                                                                                           been implemented throughout the 2022 Fiscal Year;
3. Penetapan    penggunaan           cadangan            untuk   menutup             3. Determination of the use of reserves to cover the impact
   dampak dari koreksi atas Laporan Keuangan Tahun Buku                                    of corrections to the 2021 Fiscal Statements which will be
   2021 yang disajikan kembali pada Tahun Buku 2022 dan                                    restated in the 2022 Fiscal Year and determination of the
   penetapan penggunaan Laba Bersih Perseroan, termasuk                                    use of the Company's Net Profit, including the distribution
   pembagian Dividen untuk Tahun Buku 2022;                                                of Dividends for the 2022 Fiscal Year;
4. Penetapan Tantiem untuk Direksi dan Dewan Komisaris                               4. Determination of Tantiem for the Company's Board of
   Perseroan Tahun Buku 2022 dan Penghasilan Direksi dan                                   Directors and Board of Commissioners for the 2022 Fiscal
   Dewan Komisaris untuk Tahun Buku 2023;                                                  Year and the Income of the Board of Directors and Board
                                                                                           of Commissioners for the 2023 Fiscal Year;
5. Penunjukan Kantor Akuntan Publik untuk mengaudit                                  5. Appointment of a Public Accounting Firm to audit the
   Laporan Keuangan Konsolidasian Perseroan Tahun Buku                                     Company's Consolidated Financial Statements for the
   2023 dan Laporan Keuangan Program Pendanaan Usaha                                       2023 Fiscal Year and the Financial Statements for the
   Mikro Kecil Tahun Buku 2023;                                                            Micro and Small Business Funding Program for the 2023
                                                                                           Fiscal Year;
6. Ratifikasi Peraturan Menteri Badan Usaha Milik Negara                             6. Ratification of the Regulation of the Minister of State-
   Republik Indonesia Nomor PER-1/MBU/03/2023 tentang                                      Owned Enterprises of the Republic of Indonesia No.
   Penugasan Khusus dan Program Tanggung Jawab Sosial                                      PER-1/MBU/03/2023 concerning Special Assignments
   dan Lingkungan Badan Usaha Milik Negara; PER-2/                                         and Social and Environmental Responsibility Programs
   MBU/03/2023 tentang Pedoman Tata Kelola dan Kegiatan                                    for      State-Owned         Enterprises;              PER-2/MBU/03/2023
   Korporasi Signifikan Badan Usaha Milik Negara; dan PER-                                 concerning Guidelines for Governance and Significant
   3/MBU/03/2023 tentang Organ dan Sumber Daya Manusia                                     Corporate Activities of State-Owned Enterprises; and
   Badan Usaha Milik Negara beserta perubahannya di                                        PER-3/MBU/03/2023 concerning Organs and Human
   kemudian hari;                                                                          Resources of State-Owned Enterprises along with future
                                                                                           amendments;
7. Perubahan Susunan Pengurus SMBR.                                                  7. Changes in the Composition of the SMBR Management.


Ketentuan Kuorum                                                                     Quorum Provisions
Kuorum kehadiran dan kuorum keputusan RUPS untuk mata                                The attendance quorum and GMS decision quorum for
acara yang harus diputuskan dalam RUPS dilakukan dengan                              agenda items that must be decided at the GMS are carried
mengikuti ketentuan berdasarkan Peraturan Otoritas Jasa                              out by following the provisions based on the Financial
Keuangan dan Anggaran Dasar Perusahaan.                                              Services Authority Regulations and the Company's Articles of
                                                                                     Association.


                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                              375
Page 378
                            Ikhtisar Kinerja                  Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights            Management Report      Company Profile     Overview on Business Supports




Rapat RUPS Tahunan Tahun Buku 2022 telah dihadiri oleh para                       The 2022 Annual GMS Meeting was attended by shareholders
pemegang saham dan/atau kuasanya yang hadir dan/atau                              and/or their proxies who were present and/or represented
yang diwakili dalam Rapat, termasuk pemegang saham yang                           at the Meeting, including shareholders who attended
hadir secara elektronik (e-proxy) melalui online eASY.KSEI                        electronically (e-proxy) via online eASY.KSEI in the amount of
sejumlah 1 saham Seri A Dwiwarna dan 7.992.765.799 saham                          1 Series A Dwiwarna share and 7,992,765,799 Series B shares
Seri B atau seluruhnya sejumlah 7.992.765.800 saham atau                          or a total of 7,992,765,800 shares or approximately 80.4705%
lebih kurang 80,4705% dari jumlah seluruh saham dengan hak                        of the total number of shares with valid voting rights that have
suara yang sah yang telah dikeluarkan oleh Perusahaan.                            been issued by the Company.


Proses Penghitungan Suara                                                         Voting Mechanism
Perhitungan suara dan prosedur pemungutan suara dalam                             The vote calculation and voting procedures at the Annual
RUPS Tahunan dijelaskan dalam Tata Tertib RUPS yang                               GMS are explained in the GMS Rules of Procedure which
dibagikan kepada Pemegang Saham dan dibacakan oleh                                are distributed to Shareholders and read by the Chair of the
Pimpinan Rapat sebelum RUPS dimulai. Informasi mengenai                           Meeting before the GMS begins. Information regarding the
Tata Tertib RUPS dipublikasikan dalam situs Perusahaan                            GMS Rules and Regulations is published on the Company's
sebelum pelaksanaan RUPS.                                                         website before the GMS is held.


Adapun mekanisme pengambilan keputusan RUPS adalah                                The GMS decision making mechanism is as follows:
sebagai berikut:
1. Keputusan Rapat diambil berdasarkan musyawarah untuk                           1. Resolutions in meetings are adopted through deliberation
   mufakat. Dalam hal keputusan berdasarkan musyawarah                               to reach a consensus. If a decision cannot be reached
   untuk mufakat tidak tercapai, maka keputusan diambil                              through deliberation, the resolution will be adopted
   dengan pemungutan suara, sesuai dengan kuorum                                     by majority vote, in accordance with the quorum for
   pengambilan keputusan yang diatur di dalam Anggaran                               decision-making stipulated in the company’s Articles of
   Dasar Perusahaan;                                                                 Association.
2. Pemungutan       suara      terhadap              setiap   mata        acara   2. Voting on each agenda item during the meeting shall be
   Rapat dilakukan secara terbuka dengan prosedur                                    conducted openly. The procedure involves inviting those
   mempersilahkan mereka yang TIDAK SETUJU dan/atau                                  who are not in favor and/or abstaining to raise their
   memberikan suara ABSTAIN untuk mengangkat tangan                                  hands and submit the filled-in ballot cards to the meeting
   dan menyerahkan kartu suara yang telah diisi kepada                               officers. Shareholders who do not raise their hands will be
   petugas Rapat. Mereka yang tidak mengangkat tangan,                               deemed to have cast the same vote as the majority vote.
   dianggap mengeluarkan suara yang sama dengan suara                                The same provision for casting votes applies mutatis
   mayoritas Pemegang Saham. Ketentuan pemungutan                                    mutandis to shareholders who extend their power of
   suara ini secara mutatis mutandis berlaku bagi pemegang                           attorney by e-Proxy.
   saham yang memberikan kuasa melalui e-proxy.


Keterlibatan Pihak Independen dalam Penghitungan Suara                            Participation of Independent Party in Vote Counting
Perusahaan telah menunjuk pihak independen yaitu Biro                             The Company has appointed an independent party, namely
Administrasi Efek, PT Datindo Entrycom dalam melakukan                            the Securities Administration Bureau, PT Datindo Entrycom,
penghitungan dan/atau memvalidasi suara dan Notaris                               to conduct the calculation and validation of votes. The
Aryanti Artisari, S.H., M.Kn., untuk selanjutnya melakukan                        validation process and announcement of the results of the
validasi dan mengumumkan hasil penghitungan suara.                                vote counting will be carried out by Notary Aryanti Artisari,
                                                                                  S.H., M.Kn.




376       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 379
                      Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis          Good Corporate Governance                Corporate Social and Environmental Responsibility




Kehadiran Dewan Komisaris, Direksi, Lembaga & Profesi                                 Attendance of the Board of Commissioners, the Board of
Penunjang Pasar Modal                                                                 Directors, Supporting Institutions & Professionals of the
                                                                                      Capital Market
Pelaksanaan RUPS Tahunan yang membahas kinerja tahun                                  The Annual GMS which discussed the performance of the
buku 2022 dihadiri oleh anggota Dewan Komisaris dan                                   2022 fiscal year was attended by members of the Board of
Direksi yang menjabat sampai pada saat rapat tersebut                                 Commissioners and Directors who were in office at the time
diselenggarakan. RUPS juga dihadiri oleh Lembaga & Profesi                            the meeting was held. The GMS was also attended by Capital
Penunjang Pasar Modal sebagaimana tercantum dalam tabel                               Market Supporting Institutions & Professionals as listed in
berikut ini:                                                                          the following table:


Kehadiran Dewan Komisaris                                                             Attendance Of The Board Of Commissioners
                                                                                    Keanggotaan Pada Komite /                                Kehadiran Dalam RUPST /
       Nama / Name                   Jabatan / Position
                                                                                      Committee Membership                                    Attendance In The AGMS
                                                                   Anggota Komite Nominasi dan Remunerasi /
                                   Komisaris Utama /
Franciscus M. A Sibarani                                           Member of the Nomination and Remuneration
                                President Commissioner
                                                                   Committee
                                                                   Ketua Komite Manajemen Risiko, Anggota Komite
                                                                   Nominasi dan Remunerasi / Head of the Risk
Hadi Daryanto                  Komisaris / Commissioner
                                                                   Committee, member of the Nomination and
                                                                   Remuneration Committee
                                  Komisaris Independen             Ketua Komite Audit, Ketua Komite Nominasi dan
Chowadja Sanova                      / Independent                 Remunerasi / Head of the Audit Committee, Head of
                                     Commissioner                  the Nomination and Remuneration Committee



Kehadiran Direksi                                                                     Attendance Of The Board Of Directors
                                                                                                                                          Kehadiran Dalam RUPST /
       Nama / Name                                                 Jabatan / Position
                                                                                                                                           Attendance In The AGMS
Daconi Khotob                                              Direktur Utama / President Director

Suherman Yahya                             Direktur (Fungsi Operasi) / Director (Division of Operations)

Tubagus M. Dharury             Direktur (Fungsi Keuangan dan SDM) / Director (Function of Finance and HR)




Kehadiran Lembaga & Profesi Penunjang Pasar Modal                                     Attendance of Capital Market Supporting Institutions &
                                                                                      Professions
    Biro Administrasi Efek
    / Bureau of Securities                           Notaris / Notary                                Kantor Akuntan Publik / Public Accounting Firm
        Administration
     PT Datindo Entrycom                     Aryanti Artisari, S.H., M.Kn.                             Amir Abadi Jusuf, Aryanto, Mawar & Rekan



Hasil Keputusan RUPS Tahunan                                                          Annual GMS Resolutions
Ringkasan risalah RUPS Tahunan Tahun Buku 2022                                        A summary of the minutes of the 2022 Annual GMS is
dipublikasikan pada situs web Perusahaan, yaitu: www.                                 published on the Company's website, www.semenbaturaja.
semenbaturaja.co.id dalam dua bahasa dan disampaikan                                  co.id, billingually in Indonesian and English, and submitted
pada Otoritas Jasa Keuangan dan Lembaga Pasar Modal                                   to the Financial Services Authority and other Capital Market
lainnya pada tanggal 10 Mei 2023 dalam Bahasa Indonesia dan                           Institutions on May 10, 2023.
Bahasa Inggris.




                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 380
                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile        Overview on Business Supports




Hingga Laporan Tahunan ini diterbitkan, seluruh hasil                         By the time this Annual Report was published, all the results
keputusan RUPS Tahun Buku 2022 telah dilaksanakan.                            of the 2022 GMS results have been implemented. The
Penjelasan atas setiap mata acara RUPS diurai sebagai                         explanation of each GMS agenda item is outlined as follows.
berikut.
Mata Acara Rapat                                                              Meeting Agenda
Mata Acara Rapat Pertama /           Persetujuan Laporan Tahunan Direksi mengenai keadaan dan jalannya Perseroan selama Tahun Buku
First Meeting Agenda                 2022 termasuk Laporan Pelaksanaan Tugas Pengawasan Dewan Komisaris selama Tahun Buku 2022 dan
                                     Pengesahan Laporan Keuangan Konsolidasian Tahun Buku 2022, serta Pengesahan Penyajian Kembali
                                     (restatement) Laporan Keuangan Konsolidasian Tahun Buku 2021 serta sekaligus pemberian pelunasan
                                     dan pembebasan tanggung jawab sepenuhnya (volledig acquit et de charge) kepada Direksi dan Dewan
                                     Komisaris Perseroan atas Tindakan pengurusan dan pengawasan yang telah dijalankan selama Tahun Buku
                                     2022. / Approval of the Board of Directors' Annual Report regarding the condition and running of the Company
                                     during the 2022 Fiscal Year including the Report on the Implementation of the Board of Commissioners'
                                     Supervisory Duties throughout the 2022 Fiscal Year and Ratification of the Consolidated Financial
                                     Statement for the 2022 Fiscal Year, as well as Ratification of the restatement of the Consolidated Financial
                                     Statements for the 2021 Fiscal Year as well as granting settlement and complete release of responsibility
                                     (volledig acquit et de charge) to the Company's Board of Directors and Board of Commissioners for
                                     management and supervision actions that have been carried out during the 2022 Fiscal Year.
Jumlah Pemegang Saham                Terdapat 2 (dua) pertanyaan dan 2 (dua) tanggapan / There were 2 (two) questions and 2 (two) responses
yang Bertanya/Memberikan
Pendapat / Number of
Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara /             Setuju: 7.992.564.300 suara atau 99,9975% / Agree: 7,992,564,300 votes or 99.9975%
Voting Results                       Tidak Setuju: 0 suara atau 0% / Disagree: 0 votes or 0%
                                     Abstain: 201.500 suara atau 0,0025% / Abstain: 201,500 votes or 0.0025%
Keputusan Rapat / Meeting            1. Menyetujui Laporan Tahunan Direksi Tahun Buku 2022 termasuk Laporan Tugas Pengawasan Dewan
Resolutions                             Komisaris serta mengesahkan Laporan Keuangan Konsolidasian Perseroan untuk Tahun Buku 2022 yang
                                        telah diaudit oleh Kantor Akuntan Publik Amir Abadi Jusuf, Aryanto, Mawar & Rekan (terafiliasi dengan
                                        RSM) sesuai laporannya No: 00129/2.1030/AU.1/04/1514-3/1/II/2023 tanggal 7 Maret 2023 dengan opini
                                        “wajar, dalam semua hal yang material, posisi keuangan konsolidasian Grup tanggal 31 Desember 2022,
                                        serta kinerja keuangan dan arus kas konsolidasiannya untuk tahun yang berakhir pada tanggal tersebut,
                                        sesuai dengan Standar Akuntansi Keuangan di Indonesia” termasuk Penyajian Kembali (restatement)
                                        Laporan Keuangan Konsolidasian Perseroan untuk tahun yang berakhir pada tanggal 31 Desember
                                        2021; / Approved the Annual Report of the Board of Directors for the 2022 Fiscal Year including the
                                        Board of Commissioners' Supervisory Duties Report and ratified the Company's Consolidated Financial
                                        Statements for the 2022 Fiscal Year which has been audited by the Public Accounting Firm Amir Abadi
                                        Jusuf, Aryanto, Mawar & Rekan (affiliated with RSM) according to report No: 00129/2.1030/AU.1/04/1514-
                                        3/1/II/2023 dated March 7, 2023 with an opinion of "fair, in all material respects, the consolidated financial
                                        position of the Group as of December 31, 2022, as well as its consolidated financial performance and cash
                                        flows for the year ended on that date, in accordance with Financial Accounting Standards in Indonesia"
                                        including the restatement of the Company's Consolidated Financial Statements for the year ending on
                                        December 31, 2021;
                                     2. Memberikan pelunasan dan pembebasan tanggung jawab sepenuhnya (volledig acquit et de charge)
                                        kepada Direksi dan Dewan Komisaris Perseroan atas tindakan pengurusan dan pengawasan yang telah
                                        dijalankan dalam Tahun Buku yang berakhir pada tanggal 31 Desember 2022 sepanjang tindakan tersebut
                                        bukan merupakan tindakan pidana dan tercermin dalam buku-buku laporan Perseroan. / Provide full
                                        repayment and release of responsibility (volledig acquit et de charge) to the Board of Directors and Board
                                        of Commissioners of the Company for management and supervision actions that have been carried out
                                        in the Fiscal Year ending on December 31, 2022 as long as these actions do not constitute criminal acts
                                        and are reflected in Company report books.
Tindak Lanjut / Follow-Up            Keputusan langsung berlaku / Resolutions immediately took effect




378        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 381
                     Analisis dan Pembahasan Manajemen      Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis     Good Corporate Governance          Corporate Social and Environmental Responsibility




Mata Acara Rapat Kedua /           Pengesahan Laporan Tahunan termasuk Laporan Keuangan Program Pendanaan Usaha Mikro Kecil Tahun
Second Meeting Agenda              Buku 2022, sekaligus pemberian pelunasan dan pembebasan tanggung jawab (acquit et de charge) kepada
                                   Direksi dan Dewan Komisaris Perseroan atas pengurusan dan pengawasan Program Pendanaan Usaha
                                   Mikro Kecil yang telah dijalankan selama Tahun Buku 2022. / Ratification of the Annual Report including
                                   the Financial Statements of the Micro Small Business Funding Program for the 2022 Fiscal Year, as well as
                                   granting repayment and release of responsibility (acquit et de charge) to the Company's Board of Directors
                                   and Board of Commissioners for the management and supervision of the Micro Small Business Funding
                                   Program which has been implemented during the 2022 Fiscal Year.
Jumlah Pemegang Saham              Tidak ada / None
yang Bertanya/Memberikan
Pendapat / Number of
Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara /           Setuju: 7.992.564.300 suara atau 99,9975% / Agree: 7,992,564,300 votes or 99.9975%
Voting Results                     Tidak Setuju: 0 suara atau 0% / Disagree: 0 votes or 0%
                                   Abstain: 201.500 suara atau 0,0025% / Abstain: 201,500 votes or 0.0025%
Keputusan Rapat / Meeting          Menyetujui Laporan Tahunan termasuk Laporan Keuangan Program Pendanaan Usaha Mikro Kecil Tahun
Resolutions                        Buku 2022 dan mengesahkan Laporan Keuangan Program Pendanaan Usaha Mikro Kecil yang telah diaudit
                                   oleh Kantor Akuntan Publik Amir Abadi Jusuf, Aryanto, Mawar & Rekan (terafiliasi dengan RSM) sesuai
                                   laporannya No: 00132/2.1030/AU.2/12/1514-3/0/III/2023 tanggal 6 Maret 2023 dengan opini “wajar dalam
                                   semua hal yang material, posisi keuangan unit Program Pendanaan Usaha Mikro dan Usaha Kecil PT
                                   Semen Baturaja Tbk tanggal 31 Desember 2022, serta aktivitas dan arus kasnya untuk tahun yang berakhir
                                   pada tanggal tersebut, sesuai dengan Standar Akuntansi Keuangan Entitas Tanpa akuntabilitas Publik”,
                                   serta memberikan pelunasan dan pembebasan tanggung jawab (acquit et de charge) kepada Direksi dan
                                   Dewan Komisaris Perseroan atas tindakan pengurusan dan pengawasan Program Pendanaan Usaha Mikro
                                   dan Kecil (PUMK) Tahun Buku 2022, sepanjang tindakan tersebut bukan merupakan tindak pidana dan
                                   tercermin dalam laporan tersebut. / Approved the Annual Report including the Financial Statements for
                                   the Micro Small Business Funding Program for the 2022 Fiscal Year and ratified the Financial Report for the
                                   Micro Small Business Funding Program which has been audited by the Public Accounting Firm Amir Abadi
                                   Jusuf, Aryanto, Mawar & Rekan (affiliated with RSM) according to report No: 00132/ 2.1030/AU.2/12/1514-
                                   3/0/III/2023 dated March 6, 2023 with an opinion "fair in all material respects, financial position of the
                                   Micro and Small Business Funding Program unit of PT Semen Baturaja Tbk dated December 31, 2022,
                                   as well as its activities and cash flows for the year ending on that date, in accordance with the Financial
                                   Accounting Standards for Entities Without Public Accountability", as well as providing repayment and
                                   release of responsibility (acquit et de charge) to the Company's Directors and Board of Commissioners for
                                   their actions in managing and supervising the Funding Program Micro and Small Enterprises (PUMK) for the
                                   2022 Fiscal Year, as long as the action does not constitute a criminal offense and is reflected in the report.
Tindak Lanjut / Follow-Up          Keputusan langsung berlaku / Resolutions immediately took effect



Mata Acara Rapat Ketiga /          Penetapan penggunaan cadangan untuk menutup dampak dari koreksi atas Laporan Keuangan Tahun Buku
Third Meeting Agenda               2021 yang disajikan kembali pada Tahun Buku 2022 dan penetapan penggunaan Laba Bersih Perseroan,
                                   termasuk pembagian Dividen untuk Tahun Buku 2022. / Determination of the use of reserves to cover the
                                   impact of corrections to the 2021 Financial Statements which will be restated in the 2022 Fiscal Year and
                                   determination of the use of the Company's Net Profit, including the distribution of Dividends for the 2022
                                   Fiscal Year.
Jumlah Pemegang Saham              Tidak ada / None
yang Bertanya/Memberikan
Pendapat / Number of
Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara /           Setuju: 7.992.564.100 suara atau 99,9975% / Agree: 7,992,564,100 votes or 99.9975%
Voting Results                     Tidak Setuju: 0 suara atau 0% / Disagree: 0 votes or 0%
                                   Abstain: 201.700 suara atau 0,0025% / Abstain: 201,700 votes or 0.0025%




                                                                                                    2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                   379
Page 382
                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile       Overview on Business Supports




Keputusan Rapat / Meeting           1. Menetapkan penggunaan cadangan untuk menutup dampak dari koreksi atas Laporan Keuangan
Resolutions                            Perseroan Tahun Buku 2021 yang disajikan kembali pada Tahun Buku 2022 senilai Rp282.221.825.311
                                       (Dua Ratus Delapan Puluh Dua Miliar Dua Ratus Dua Puluh Satu Juta Delapan Ratus Dua Puluh Lima Ribu
                                       Tiga Ratus Sebelas Rupiah); / Determined the use of reserves to cover the impact of corrections to the
                                       Company's Financial Statements for the 2021 Fiscal Year which was restated in the 2022 Fiscal Year
                                       amounting to Rp282,221,825,311 (Two Hundred Eighty Two Billion Two Hundred Twenty One Million Eight
                                       Hundred Twenty Five Thousand Three Hundred Eleven Rupiah);
                                    2. Menetapkan penggunaan Laba Bersih Atribusi Pemilik Entitas Induk Perseroan Tahun Buku 2022 sebesar
                                       Rp94.827.014.115 (Sembilan Puluh Empat Miliar Delapan Ratus Dua Puluh Tujuh Juta Empat Belas Ribu
                                       Seratus Lima Belas Rupiah) sebagai berikut: / Determined the use of Net Profit Attribution to Owners of
                                       the Parent Entity Company for the 2022 Fiscal Year amounting to IDR 94,827,014,115 (Ninety Four Billion
                                       Eight Hundred Twenty Seven Million Fourteen Thousand One Hundred and Fifteen Rupiah) as follows:
                                       • Sebesar 20% atau sejumlah Rp18.965.402.823 (Delapan Belas Miliar Sembilan Ratus Enam Puluh Lima
                                          Juta Empat Ratus Dua Ribu Delapan Ratus Dua Puluh Tiga Rupiah) ditetapkan sebagai Dividen tunai; /
                                          20% or an amount of Rp18,965,402,823 (Eighteen Billion Nine Hundred Sixty Five Million Four Hundred
                                          Two Thousand Eight Hundred Twenty Three Rupiah) is designated as cash dividend;
                                       • Sebesar 80% atau sejumlah Rp75.861.611.292 (Tujuh Puluh Lima Miliar Delapan Ratus Enam Puluh Satu
                                          Juta Enam Ratus Sebelas Ribu Dua Ratus Sembilan Puluh Dua Rupiah) ditetapkan sebagai Cadangan
                                          lainnya; / 80% or the amount of Rp75,861,611,292 (Seventy-five billion, eight hundred and sixty-one
                                          million, six hundred and eleven thousand, two hundred and ninety-two Rupiah) is designated as other
                                          reserves;
                                    3. Memberikan wewenang dan kuasa kepada Direksi Perseroan dengan hak substitusi untuk mengatur
                                       lebih lanjut mengenai tata cara dan pelaksanaan pembagian dividen tunai tersebut sesuai dengan
                                       ketentuan yang berlaku, termasuk melakukan pembulatan ke atas untuk pembayaran dividen per saham.
                                       / Granted authority and power to the Company's Board of Directors with the right of substitution to
                                       further regulate the procedures and implementation of cash dividend distribution in accordance with
                                       applicable regulations, including rounding up for dividend payments per share.
Tindak Lanjut / Follow-Up           Keputusan langsung berlaku / Resolutions immediately took effect



Mata Acara Rapat Keempat /          Penetapan Tantiem untuk Direksi dan Dewan Komisaris Perseroan Tahun Buku 2022 dan Penghasilan
Fourth Meeting Agenda               Direksi dan Dewan Komisaris untuk Tahun Buku 2023 / Determination of Tantiem for the Company's Board
                                    of Directors and Board of Commissioners for the 2022 Fiscal Year and the Income of the Directors and
                                    Board of Commissioners for the 2023 Fiscal Year
Jumlah Pemegang Saham               Tidak ada / None
yang Bertanya/Memberikan
Pendapat / Number of
Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara /            Setuju: 7.992.564.100 suara atau 99,9975% / Agree: 7,992,564,100 votes or 99.9975%
Voting Results                      Tidak Setuju: 0 suara atau 0% / Disagree: 0 votes or 0%
                                    Abstain: 201.700 suara atau 0,0025% / Abstain: 201,700 votes or 0.0025%
Keputusan Rapat / Meeting           1. Menyetujui memberikan wewenang dan kuasa kepada Pemegang Saham Seri A Dwiwarna melalui PT
Resolutions                            Semen Indonesia (Persero) Tbk selaku Kuasanya guna menetapkan besarnya tantiem untuk Tahun Buku
                                       2022, serta menetapkan honorarium, tunjangan dan fasilitas bagi anggota Dewan Komisaris untuk
                                       tahun 2023; dan / Approved to grant authority and power of attorney to Series A Dwiwarna Shareholders
                                       through PT Semen Indonesia (Persero) Tbk as their Proxy to determine the amount of the bonus for the
                                       2022 Fiscal Year, as well as determine the honorarium, allowances and facilities for members of the
                                       Board of Commissioners for 2023; and
                                    2. Menyetujui memberikan wewenang dan kuasa kepada Dewan Komisaris dengan terlebih dahulu
                                       mendapatkan persetujuan tertulis dari PT Semen Indonesia (Persero) Tbk selaku Kuasa Pemegang
                                       Saham Seri A Dwiwarna guna menetapkan besarnya tantiem untuk Tahun Buku 2022, serta menetapkan
                                       gaji, tunjangan dan fasilitas bagi Direksi untuk tahun 2023. / Approved to grant authority and power to
                                       the Board of Commissioners by first obtaining written approval from PT Semen Indonesia (Persero) Tbk
                                       as the Proxy for Series A Dwiwarna Shareholders to determine the amount of the bonus for the 2022
                                       Fiscal Year, as well as determining the salaries, allowances and facilities for the Board of Directors for in
                                       2023.
Tindak Lanjut / Follow-Up           Keputusan langsung berlaku / Resolutions immediately took effect




380       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen      Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis     Good Corporate Governance          Corporate Social and Environmental Responsibility




Mata Acara Rapat Kelima /          Penunjukan Kantor Akuntan Publik untuk mengaudit Laporan Keuangan Konsolidasian Perseroan Tahun
Fifth Meeting Agenda               Buku 2023 dan Laporan Keuangan Program Pendanaan Usaha Mikro Kecil Tahun Buku 2023 / Appointment
                                   of a Public Accounting Firm to audit the Company's Consolidated Financial Report for the 2023 Fiscal Year
                                   and the Financial Report of the Micro and Small Business Funding Program for the 2023 Fiscal Year
Jumlah Pemegang Saham              Tidak ada / None
yang Bertanya/Memberikan
Pendapat / Number of
Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara /           Setuju: 7.992.437.100 suara atau 99,9959% / Agree: 7,992,437,100 votes or 99.9959%
Voting Results                     Tidak Setuju: 127.000 suara atau 0,0016% / Disagree: 127,000 votes or 0.0016%
                                   Abstain: 201.700 suara atau 0,0025% / Abstain: 201,700 votes or 0.0025%
Keputusan Rapat / Meeting          1. Menyetujui penunjukan Kantor Akuntan Publik Imelda & Rekan (terafiliasi dengan Deloitte) untuk
Resolutions                           melakukan audit umum atas Laporan Keuangan Konsolidasian Perseroan Tahun Buku 2023 dan periode
                                      lainnya dalam Tahun Buku 2023, termasuk Laporan Keuangan Program Pendanaan Usaha Mikro Kecil
                                      Tahun Buku 2023; / Approved the appointment of the Imelda & Rekan Public Accounting Firm (affiliated
                                      with Deloitte) to conduct a general audit of the Company's Consolidated Financial Report for the 2023
                                      Fiscal Year and other periods in the 2023 Fiscal Year, including the Financial Report for the Micro and
                                      Small Business Funding Program for the 2023 Fiscal Year;
                                   2. Memberikan pelimpahan kewenangan kepada Dewan Komisaris Perseroan untuk menetapkan besaran
                                      imbalan jasa audit, penambahan ruang lingkup pekerjaan yang diperlukan dan persyaratan lainnya yang
                                      wajar bagi Kantor Akuntan Publik tersebut; / Granted delegation of authority to the Company's Board of
                                      Commissioners to determine the amount of compensation for audit services, additional scope of work
                                      required and other reasonable requirements for the Public Accounting Firm;
                                   3. Memberikan wewenang dan kuasa kepada Dewan Komisaris dengan terlebih dahulu mendapatkan
                                      persetujuan tertulis dari Pemegang Saham Seri B terbanyak untuk menetapkan Kantor Akuntan Publik
                                      pengganti dalam hal Kantor Akuntan Publik Imelda & Rekan (terafiliasi dengan Delloitte) karena sebab
                                      apapun tidak dapat menyelesaikan audit atas Laporan Keuangan Konsolidasian Perseroan Tahun Buku
                                      2023 dan periode lainnya dalam Tahun Buku 2023, termasuk Laporan Keuangan dan Pelaksanaan
                                      Program Pendanaan Usaha Mikro Kecil Tahun Buku 2023. / Granted authority and power to the Board
                                      of Commissioners by first obtaining written approval from the largest Series B Shareholders to appoint
                                      a replacement Public Accounting Firm in the event that the Imelda & Rekan Public Accounting Firm
                                      (affiliated with Delloitte) for whatever reason is unable to complete the audit of the Financial Statements
                                      Consolidation of the Company for the 2023 Fiscal Year and other periods in the 2023 Fiscal Year, including
                                      Financial Reports and Implementation of the Micro and Small Business Funding Program for the 2023
                                      Fiscal Year.
Tindak Lanjut / Follow-Up          Keputusan langsung berlaku / Resolutions immediately took effect


Mata Acara Rapat Keenam /          Ratifikasi Peraturan Menteri Badan Usaha Milik Negara Republik Indonesia Nomor PER-1/MBU/03/2023
Sixth Meeting Agenda               tentang Penugasan Khusus dan Program Tanggung Jawab Sosial dan Lingkungan Badan Usaha Milik
                                   Negara; PER-2/MBU/03/2023 tentang Pedoman Tata Kelola dan Kegiatan Korporasi Signifikan Badan
                                   Usaha Milik Negara; dan PER-3/MBU/03/2023 tentang Organ dan Sumber Daya Manusia Badan Usaha
                                   Milik Negara beserta perubahannya di kemudian hari. / Ratification of the Regulation of the Minister of
                                   State-Owned Enterprises of the Republic of Indonesia Number PER-1/MBU/03/2023 concerning Special
                                   Assignments and Social and Environmental Responsibility Programs for State-Owned Enterprises; PER-
                                   2/MBU/03/2023 concerning Guidelines for Governance and Significant Corporate Activities of State-
                                   Owned Enterprises; and PER-3/MBU/03/2023 concerning Organs and Human Resources of State-Owned
                                   Enterprises along with future amendments.
Jumlah Pemegang Saham              Tidak ada / None
yang Bertanya/Memberikan
Pendapat / Number of
Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara /           Setuju: 7.992.564.100 suara atau 99,9975% / Agree: 7,992,564,100 votes or 99.9975%
Voting Results                     Tidak Setuju: 0 suara atau 0% / Disagree: 0 votes or 0%
                                   Abstain: 201.700 suara atau 0,0025% / Abstain: 201,700 votes or 0.0025%




                                                                                                    2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                   381
Page 384
                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile       Overview on Business Supports




Keputusan Rapat / Meeting            Menyetujui meratifikasi/mengukuhkan pemberlakuan Peraturan Menteri Badan Usaha Milik Negara
Resolutions                          Republik Indonesia Nomor. PER-1/MBU/03/2023 tentang Penugasan Khusus dan Program Tanggung
                                     Jawab Sosial dan Lingkungan Badan Usaha Milik Negara; PER-2/MBU/03/2023 tentang Pedoman Tata
                                     Kelola dan Kegiatan Korporasi Signifikan Badan Usaha Milik Negara; dan PER- 3/MBU/03/2023 tentang
                                     Organ dan Sumber Daya Manusia Badan Usaha Milik Negara beserta perubahannya di kemudian hari. /
                                     Approve to ratify/confirm the implementation of the Regulation of the Minister of State-Owned Enterprises
                                     of the Republic of Indonesia Number PER-1/MBU/03/2023 concerning Special Assignments and Social and
                                     Environmental Responsibility Programs for State-Owned Enterprises; PER-2/MBU/03/2023 concerning
                                     Guidelines for Governance and Significant Corporate Activities of State-Owned Enterprises; and PER-3/
                                     MBU/03/2023 concerning Organs and Human Resources of State-Owned Enterprises along with future
                                     amendments.
Tindak Lanjut / Follow-Up            Keputusan langsung berlaku / Resolutions immediately took effect


Mata Acara Rapat Ketujuh             Perubahan Susunan Pengurus SMBR / Changes in the Composition of the SMBR Management
Jumlah Pemegang Saham                Tidak ada / None
yang Bertanya/Memberikan
Pendapat / Number of
Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara /             Setuju: 7.972.624.800 suara atau 99,7480% / Agree: 7,972,624,800 votes or 99.7480%
Voting Results                       Tidak Setuju: 19.939.300 suara atau 0,2495% / Disagree: 19,939,300 votes or 0.2495%
                                     Abstain: 201.700 suara atau 0,0025% / Abstain: 201,700 votes or 0.0025%
Keputusan Rapat / Meeting            1. Memberhentikan dengan hormat Saudara Tubagus Muhammad Dharury sebagai Direktur (Fungsi
Resolutions                             Keuangan dan SDM) / Honorably dismissed Tubagus Muhammad Dharury as Director (Finance and HR
                                        Function)
                                     2. Mengangkat Saudara Rahmat Hidayat sebagai Direktur (Fungsi Keuangan dan SDM). / Appointed Rahmat
                                        Hidayat as Director (Finance and HR Department).
                                     3. Selanjutnya susunan pengurus Perseroan menjadi sebagai berikut: / The composition of the Company's
                                        management is as follows:
                                        • Komisaris Utama / President Commissioner: Franciscus M. A Sibarani;
                                        • Komisaris / Commissioner: Hadi Daryanto;
                                        • Komisaris Independen / Independent Commissioner: Chowadja Sanova;
                                        • Direktur Utama / President Director: Daconi Khotob;
                                        • Direktur (Fungsi Operasi) / Director (Division of Opeartions): Suherman Yahya;
                                        • Direktur (Fungsi Keuangan dan SDM) / Director (Finance and HR Department): Rahmat Hidayat.
Tindak Lanjut / Follow-Up            Keputusan langsung berlaku / Resolutions immediately took effect


PENYELENGGARAAN RUPS LUAR BIASA                                               EXTRAORDINARY GMS CONVENTION
Di tahun 2023, Perusahaan melaksanakan 2 (dua) kali RUPS                      In 2023, the Company held 2 (two) Extraordinary GMS, with
Luar Biasa yang diselenggarakan dengan perincian sebagai                      the following details:
berikut:
1. RUPS Luar Biasa pada hari Selasa, 24 Januari 2023 pukul                    1. Extraordinary GMS on Tuesday, January 24, 2023 at 14.35
   14.35 – 15.13 WIB, bertempat di Hotel Sari Pacific Jakarta                    – 15.13 WIB, at the Sari Pacific Hotel Jakarta – Istana
   – Istana Ballroom Jalan M.H. Thamrin No 6, Jakarta 10340.                     Ballroom Jalan M.H. Thamrin No. 6, Jakarta 10340.
2. RUPS Luar Biasa pada hari Rabu, 8 November 2023 pukul                      2. Extraordinary GMS on Wednesday, November 8, 2023 at
   15.08 – 17.06 WIB, bertempat di Hotel Sari Pacific Jakarta                    15.08 – 17.06 WIB, at the Sari Pacific Hotel Jakarta – Istana
   – Istana Ballroom Jalan M.H. Thamrin No 6, Jakarta 10340.                     Ballroom Jalan M.H. Thamrin No. 6, Jakarta 10340.


RUPS Luar Biasa dipimpin oleh Komisaris dengan terlebih                       The Extraordinary GMS is chaired by the Commissioner who
dahulu membacakan tata tertib RUPS sebelum memasuki                           first reads the GMS rules and regulations before entering the
mata acara rapat. Ketua rapat memberikan kesempatan                           meeting agenda. The chairman of the meeting provides the
kepada     Pemegang       Saham         dan/atau      kuasanya       untuk    opportunity for Shareholders and/or their proxies to submit
mengajukan pertanyaan/tanggapan dan/atau usulan pada                          questions/responses and/or proposals on each agenda
setiap mata acara rapat. Ketua rapat atau Direktur yang                       item of the meeting. The chairman of the meeting or the




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                     Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis         Good Corporate Governance                Corporate Social and Environmental Responsibility




ditunjuk oleh Ketua rapat menjawab atau menanggapi                                  director appointed by the chairman of the meeting answers
pertanyaan/catatan pemegang saham yang hadir. Setelah                               or responds to questions/notes from shareholders present.
semua pertanyaan dijawab dan ditanggapi selanjutnya                                 After all questions have been answered and responded to,
dilakukan pemungutan suara dan hanya pemegang saham                                 voting is then carried out and only shareholders and/or their
dan/atau kuasanya yang sah yang berhak untuk mengeluarkan                           legal proxies have the right to vote.
suara.


RUPS LUAR BIASA 24 JANUARI 2023                                                     EXTRAORDINARY GMS HELD ON JANUARY 24, 2023
Tahapan Penyelenggaraan RUPSLB                                                      Stages of EGMS Convention
    Rangkaian Kegiatan /
                                                     Ketentuan / Provisions                                             Realisasi / Realization
         Activities
Pengumuman RUPS                    Pengumuman RUPS disampaikan paling                              Pengumuman RUPS telah disampaikan melalui Bursa
16 Desember 2022 /                 lambat 14 hari sebelum tanggal pemanggilan                      Efek Indonesia, Otoritas Jasa Keuangan (OJK) dan
Announcement of GMS on             RUPS, dengan tidak memperhitungkan tanggal                      situs web Perusahaan. / The GMS announcement was
December 16, 2022                  pengumuman dan tanggal pemanggilan / The                        submitted via the Indonesian Stock Exchange, Financial
                                   announcement of the GMS is submitted no later                   Services Authority (OJK) and the Company's website.
                                   than 14 days before the date of the invitation
                                   to the GMS, without taking into account the
                                   date of the announcement and the date of the
                                   invitation.
Pemanggilan RUPS 2 Januari         Pemanggilan RUPS disampaikan paling lambat 21                   Pemanggilan RUPS telah disampaikan melalui Bursa
2023 / Invitation to GMS           hari sebelum tanggal pelaksanaan RUPS, dengan                   Efek Indonesia, Otoritas Jasa Keuangan (OJK) dan situs
January 2, 2023                    tidak memperhitungkan tanggal pengumuman                        web perusahaan. / The GMS invitation was submitted
                                   dan tanggal pemanggilan / The invitation for the                via the Indonesian Stock Exchange, Financial Services
                                   GMS is submitted no later than 21 days before                   Authority (OJK) and the company website.
                                   the date of the GMS, without taking into account
                                   the date of the announcement and the date of
                                   the invitation.
Pelaksanaan RUPS 24 Januari        Tempat: Hotel Sari Pacific Jakarta – Istana Jumlah Saham dengan Hak Suara 7.992.977.800 lembar
2023 / Implementation of GMS       Ballroom, Jalan M.H. Thamrin No.6, Jakarta, saham atau 80,4726% / Number of Shares with Voting
January 24, 2023                   10340 / Venue: Hotel Sari Pacific Jakarta – Rights 7,992,977,800 shares or 80.4726%
                                   Istana Ballroom, Jalan M.H. Thamrin No. 6,
                                   Jakarta, 10340
Penyampaian Ringkasan              Ringkasan Risalah RUPS disampaikan paling                       Penyampaian      Ringkasan    Risalah   RUPS       telah
Risalah RUPS 26 Januari 2023       lambat 2 hari setelah tanggal pelaksanaan                       disampaikan melalui Bursa Efek Indonesia, Otoritas Jasa
/ Submission of Summary of         RUPS / A summary of the GMS Minutes shall be                    Keuangan (OJK) dan situs web perusahaan. / Submission
Minutes of GMS on January 26,      submitted no later than 2 days after the date of                of the Summary of GMS Minutes has been submitted
2023                               the GMS                                                         via the Indonesian Stock Exchange, Financial Services
                                                                                                   Authority (OJK) and the company website.
Penyampaian Risalah/Berita         Risalah/berita acara RUPS disampaikan paling                    Penyampaian risalah/berita acara RUPS melalui surat
Acara RUPS 15 Februari 2024        lambat 30 hari setelah tanggal pelaksanaan                      kepada Otoritas Jasa Keuangan (OJK), Bursa Efek
/ Submission of Minutes/           RUPS / The minutes/minutes of the GMS are                       Indonesia dan situs web perusahaan. / Submission of
Minutes of the GMS on              submitted no later than 30 days after the date                  GMS minutes by letter to the Financial Services Authority
February 15, 2024                  of the GMS                                                      (OJK), the Indonesian Stock Exchange and the company
                                                                                                   website.



Ketentuan Kuorum                                                                    Quorum Provisions
Kuorum kehadiran dan kuorum keputusan RUPS untuk mata                               e attendance quorum and the quorum for GMS resolutions
acara yang harus diputuskan dalam RUPS dilakukan dengan                             on the agenda items that must be decided at the GMS are
mengikuti ketentuan berdasarkan Peraturan Otoritas Jasa                             determined in accordance with the provisions of the Financial
Keuangan dan Anggaran Dasar Perusahaan.                                             Services Authority Regulations and the Company’s Articles of
                                                                                    Association.




                                                                                                              2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                             383
Page 386
                            Ikhtisar Kinerja                  Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights            Management Report      Company Profile     Overview on Business Supports




RUPS Luar Biasa telah dihadiri oleh para pemegang saham                           The Extraordinary GMS was attended by shareholders and/
dan/atau kuasanya yang hadir dan/atau yang diwakili dalam                         or their proxies who were present and/or represented at the
Rapat, termasuk pemegang saham yang hadir secara                                  Meeting, including shareholders who attended electronically
elektronik (e-proxy) melalui online eASY.KSEI sejumlah 1                          (e-proxy) via online eASY.KSEI in the amount of 1 Series A
saham Seri A Dwiwarna dan 7.992.977.799 saham Seri B atau                         Dwiwarna share and 7,992,977,799 Series B shares or a total
seluruhnya sejumlah 7.992.977.800 saham atau lebih kurang                         of 7,992,977,800 shares or approximately 80.4726% of the
80,4726% dari jumlah seluruh saham dengan hak suara yang                          total number of shares with valid voting rights that have been
sah yang telah dikeluarkan oleh Perusahaan.                                       issued by the Company.


Proses Penghitungan Suara                                                         Vote Calculation Process
Perhitungan suara dan prosedur pemungutan suara dalam                             The procedures for counting votes and voting in the
RUPS Luar Biasa dijelaskan dalam Tata Tertib RUPS yang                            Annual GMS are explained in the GMS Rules of Procedures,
dibagikan kepada Pemegang Saham dan dibacakan oleh                                which are distributed to the shareholders and read out by
Pimpinan Rapat sebelum RUPS dimulai. Informasi mengenai                           the Chairperson of the Meeting before the GMS begins.
Tata Tertib RUPS dipublikasikan dalam situs Perusahaan                            Information regarding the GMS Rules is published on the
sebelum pelaksanaan RUPS.                                                         Company’s website prior to the implementation of the GMS.


Adapun mekanisme pengambilan keputusan RUPS adalah                                The mechanism for making GMS decisions are as follows:
sebagai berikut:
1. Keputusan Rapat diambil berdasarkan musyawarah untuk                           1. Resolutions in meetings are adopted through deliberation
   mufakat. Dalam hal keputusan berdasarkan musyawarah                               to reach a consensus. If a decision cannot be reached
   untuk mufakat tidak tercapai, maka keputusan diambil                              through deliberation, the resolution will be adopted
   dengan pemungutan suara, sesuai dengan kuorum                                     by majority vote, in accordance with the quorum for
   pengambilan keputusan yang diatur di dalam Anggaran                               decision-making stipulated in the company’s Articles of
   Dasar Perusahaan;                                                                 Association;
2. Pemungutan       suara      terhadap              setiap   mata        acara   2. Voting on each agenda item during the meeting shall be
   Rapat dilakukan secara terbuka dengan prosedur                                    conducted openly. The procedure involves inviting those
   mempersilahkan mereka yang TIDAK SETUJU dan/atau                                  who are not in favor and/or abstaining to raise their
   memberikan suara ABSTAIN untuk mengangkat tangan                                  hands and submit the filled-in ballot cards to the meeting
   dan menyerahkan kartu suara yang telah diisi kepada                               officers. Shareholders who do not raise their hands will be
   petugas Rapat. Mereka yang tidak mengangkat tangan,                               deemed to have cast the same vote as the majority vote.
   dianggap mengeluarkan suara yang sama dengan suara                                The same provision for casting votes applies mutatis
   mayoritas Pemegang Saham. Ketentuan pemungutan                                    mutandis to shareholders who extend their power of
   suara ini secara mutatis mutandis berlaku bagi pemegang                           attorney by e-Proxy.
   saham yang memberikan kuasa melalui e-proxy.


Keterlibatan Pihak Independen dalam Penghitungan Suara                            Participation of Independent Party in Vote Calculation
Perusahaan telah menunjuk pihak independen yaitu Biro                             The company has appointed independent parties, namely
Administrasi Efek, PT Datindo Entrycom dalam melakukan                            the Securities Administration Bureau, PT Datindo Entrycom
penghitungan dan/atau memvalidasi suara dan Notaris Aulia                         to count and/or validate the votes and Notary Aulia Taufani,
Taufani, S.H., untuk selanjutnya melakukan validasi dan                           S.H., to further validate and announce the results of the vote
mengumumkan hasil penghitungan suara.                                             count.




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                      Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis           Good Corporate Governance            Corporate Social and Environmental Responsibility




Kehadiran Dewan Komisaris, Direksi, Lembaga & Profesi                                  Attendance of the Board of Commissioners, the Board of
Penunjang Pasar Modal                                                                  Directors, Supporting Institutions & Professionals of the
                                                                                       Capital Market
Pelaksanaan RUPS Luar Biasa 24 Januari 2023 dihadiri oleh                              The Extraordinary GMS held on January 24, 2023 was attended
anggota Dewan Komisaris dan Direksi yang menjabat sampai                               by members of the Board of Commissioners and Directors
pada saat rapat tersebut diselenggarakan. RUPS juga dihadiri                           who were in office at the time the meeting was held. The GMS
oleh Lembaga & Profesi Penunjang Pasar Modal sebagaimana                               was also attended by Capital Market Supporting Institutions &
tercantum dalam tabel berikut ini:                                                     Professionals as listed in the following table:
Kehadiran Dewan Komisaris                                                              Attendance Of The Board Of Commissioners
                                                                            Keanggotaan Pada Komite / Committee                            Kehadiran Dalam RUPSLB
      Nama / Name                    Jabatan / Position
                                                                                        Membership                                         / Attendance In The EGMS
                                   Komisaris Utama /                Anggota Komite Nominasi dan Remunerasi / Member
Franciscus M. A Sibarani
                                President Commissioner              of Nomination and Remuneration Committee
                                                        Ketua Komite Manajemen Risiko, Sekretaris Komite
                                                        Nominasi dan Remunerasi / Chairman of the
Oke Nurwan                     Komisaris / Commissioner
                                                        Risk Management Committee, Secretary of the
                                                        Nomination and Remuneration Committee
                                                        Ketua Komite Nominasi dan Remunerasi, Anggota
                                                        Komite Audit, Anggota Komite Manajemen Risiko
                                 Komisaris Independen /
Chowadja Sanova                                         / Chairman of the Nomination and Remuneration
                               Independent Commisioner
                                                        Committee, Member of the Audit Committee,
                                                        Member of the Risk Management Committee
                                                        Ketua Komite Audit, Anggota Komite Nominasi dan
                                 Komisaris Independen / Remunerasi / Chairman of the Audit Committee,
Darusman Mawardi
                               Independent Commisioner Member of the Nomination and Remuneration
                                                        Committee



Kehadiran Direksi                                                                      Attendance Of The Board Of Directors
                                                                                                                                      Kehadiran Dalam RUPSLB /
      Nama / Name                                                   Jabatan / Position
                                                                                                                                       Attendance In The EGMS
Daconi Khotob                                              Direktur Utama / President Director
Suherman Yahya                  Direktur Produksi dan Pengembangan / Director of Production and
                                                         Development
Mukhamad Saifudin                                  Direktur Pemasaran / Director of Marketing
Gatot Mardiana                           Direktur Umum & SDM / Director of General Affairs & HR
Tubagus M. Dharury             Direktur Keuangan & Manajemen Risiko / Director of Finance & Risk
                                                        Management


Kehadiran Lembaga & Profesi Penunjang Pasar Modal                                      Presence of Capital Market Supporting Institutions &
                                                                                       Professionals
    Biro Administrasi Efek / Bureau of Securities Administration                                                  Notaris / Notary
                       PT Datindo Entrycom                                                                       Aulia Taufani, S.H.


Hasil Keputusan RUPS Luar Biasa                                                        Extraordinary GMS Resolutions
Ringkasan risalah RUPS Luar Biasa 24 Januari 2023                                      A summary of the minutes of the Extraordinary GMS held on
dipublikasikan pada situs web Perusahaan, yaitu: www.                                  January 24, 2023 was published on the Company's website,
semenbaturaja.co.id dalam dua bahasa dan disampaikan                                   www.semenbaturaja.co.id bilingually in Indonesian and
pada Otoritas Jasa Keuangan dan Lembaga Pasar Modal                                    English and submitted to the Financial Services Authority and
lainnya pada tanggal 26 Januari 2023 dalam Bahasa Indonesia                            other Capital Market Institutions on January 26, 2023.
dan Bahasa Inggris.




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 388
                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile        Overview on Business Supports




Hingga Laporan Tahunan ini diterbitkan, seluruh hasil                        By the time this Annual Report is published, all the results of
keputusan RUPS Luar Biasa 24 Januari 2023 telah                              the Extraordinary GMS decisions on January 24, 2023 have
dilaksanakan. Penjelasan atas setiap mata acara RUPS diurai                  been implemented. The explanation of each GMS agenda item
sebagai berikut.                                                             is outlined as follows.
Mata Acara Rapat                                                             Meeting Agenda
Mata Acara Rapat Pertama /          Perubahan Anggaran Dasar Perseroan / Changes to the Company's Articles of Association
First Meeting Agenda
Jumlah Pemegang Saham               Tidak ada / None
yang Bertanya/Memberikan
Pendapat / Number of
Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara /            Setuju: 7.992.799.000 suara atau 99,9978% / Agree: 7,992,799,000 votes or 99.9978%
Voting Results                      Tidak Setuju: 127.000 suara atau 0,0016% / Disagree: 127,000 votes or 0.0016%
                                    Abstain: 51.800 suara atau 0,0006% / Abstain: 51,800 votes or 0.0006%
Keputusan Rapat / Meeting           1. Menyetujui perubahan Anggaran Dasar Perseroan; / Approved changes to the Company's Articles of
Resolutions                            Association;
                                    2. Menyetujui untuk menyusun kembali seluruh ketentuan dalam Anggaran Dasar sehubungan dengan
                                       perubahan sebagaimana dimaksud dalam butir 1 (satu) keputusan tersebut di atas; dan / Approved to re-
                                       arrange all provisions in the Articles of Association in connection with the changes as intended in point
                                       1 (one) of the decision above; and
                                    3. Memberikan kuasa dan wewenang kepada Direksi dengan hak substitusi untuk melakukan segala
                                       tindakan yang diperlukan berkaitan dengan keputusan mata acara Rapat, termasuk menyusun dan
                                       menyatakan kembali seluruh Anggaran Dasar dalam suatu Akta Notaris dan menyampaikan kepada
                                       instansi yang berwenang untuk mendapatkan persetujuan dan/atau tanda penerimaan pemberitahuan
                                       perubahan Anggaran Dasar, melakukan segala sesuatu yang dianggap perlu untuk keperluan tersebut
                                       dengan tidak ada satupun yang dikecualikan, termasuk untuk mengadakan penambahan dan/atau
                                       perubahan dalam perubahan Anggaran Dasar jika hal tersebut dipersyaratkan oleh instansi yang
                                       berwenang. / Granted power and authority to the Board of Directors with the right of substitution to
                                       carry out all necessary actions related to decisions on the agenda of the Meeting, including drafting and
                                       restating the entire Articles of Association in a Notarial Deed and submitting it to the authorized agency
                                       to obtain approval and/or proof of acceptance notification of changes to the Articles of Association,
                                       doing everything deemed necessary for this purpose with nothing excluded, including making additions
                                       and/or amendments to changes to the Articles of Association if this is required by the authorized agency.
Tindak Lanjut / Follow-Up           Keputusan langsung berlaku / Resolutions immediately took effect


Mata Acara Rapat Kedua /            Perubahan Susunan Pengurus Perseroan / Changes in the Composition of the Company's Management
Second Meeting Agenda
Jumlah Pemegang Saham               Tidak ada / None
yang Bertanya/Memberikan
Pendapat / Number of
Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara /            Setuju: 7.972.851.900 suara atau 99,7482% / Agree: 7,972,851,900 votes or 99.7482%
Voting Results                      Tidak Setuju: 20.074.100 suara atau 0,2512% / Disagree: 20,074,100 votes or 0.2512%
                                    Abstain: 51.800 suara atau 0,0006% / Abstain: 51,800 votes or 0.0006%




386       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis         Good Corporate Governance                Corporate Social and Environmental Responsibility




Keputusan Rapat / Meeting          1. Memberhentikan dengan hormat anggota Dewan Komisaris sebagai berikut: / Honorably dismissed the
Resolutions                           members of the Board of Commissioners as follows:
                                      a. Saudara Darusman Mawardi sebagai Komisaris Independen Perseroan; / Mr. Darusman Mawardi as
                                         Independent Commissioner of the Company;
                                      b. Saudara Oke Nurwan sebagai Komisaris Perseroan. / Mr. Oke Nurwan as Commissioner of the
                                         Company.

                                   2. Mengangkat Saudara Hadi Daryanto sebagai Komisaris Perseroan. / Appointed Hadi Daryanto as
                                      Commissioner of the Company.

                                   3. Memberhentikan dengan hormat anggota Direksi sebagai berikut: / Honorably dismissed the members
                                      of the Board of Directors as follows:
                                      a. Saudara Mukhamad Saifudin sebagai Direktur Pemasaran Perseroan; / Mr. Mukhamad Saifudin as
                                         Marketing Director of the Company;
                                      b. Saudara Gatot Mardiana sebagai Direktur Umum & SDM Perseroan. / Mr. Gatot Mardiana as General &
                                         HR Director of the Company.

                                   4. Mengubah nomenklatur Direksi sebagai berikut: / Changed the nomenclature of the Board of Directors
                                      as follows:
                                      a. Direktur Produksi dan Pengembangan menjadi Direktur; / Director of Production and Development
                                         becomes Director;
                                      b. Direktur Keuangan & Manajemen Risiko menjadi Direktur. / Director of Finance & Risk Management
                                         becomes Director.

                                   Dengan demikian susunan pengurus Perseroan menjadi sebagai berikut: Therefore, the composition of
                                   the Company's management is as follows:
                                   1. Saudara Franciscus M. A Sibarani sebagai Komisaris Utama; / Mr. Franciscus M. A Sibarani as President
                                      Commissioner;
                                   2. Saudara Hadi Daryanto sebagai Komisaris; / Mr. Hadi Daryanto as Commissioner;
                                   3. Saudara Chowadja Sanova sebagai Komisaris Independen; / Mr. Chowadja Sanova as Independent
                                      Commissioner;
                                   4. Saudara Daconi Khotob sebagai Direktur Utama; / Mr. Daconi Khotob as President Director;
                                   5. Saudara Suherman Yahya sebagai Direktur (Fungsi Operasi); / Suherman Yahya as Director (Operations
                                      Function);
                                   6. Saudara Tubagus M. Dharury sebagai Direktur (Fungsi Keuangan dan SDM). / Mr. Tubagus M. Dharury as
                                      Director (Finance and HR Function).
Tindak Lanjut / Follow-Up          Keputusan langsung berlaku / Resolutions immediately took effect


RUPS LUAR BIASA 8 NOVEMBER 2023                                                     EXTRAORDINARY GMS HELD ON NOVEMBER 8, 2023
Tahapan Penyelenggaraan RUPSLB                                                      Stages of EGMS Convention
    Rangkaian Kegiatan /
                                                     Ketentuan / Provisions                                            Realisasi / Realizations
         Activities
Pengumuman RUPS 2 Oktober Pengumuman RUPS disampaikan paling                                       Pengumuman RUPS telah disampaikan melalui Bursa
2023 / Announcement of GMS lambat 14 hari sebelum tanggal pemanggilan                              Efek Indonesia, Otoritas Jasa Keuangan (OJK) dan
on October 2, 2023         RUPS, dengan tidak memperhitungkan tanggal                              situs web Perusahaan. / The GMS announcement was
                           pengumuman dan tanggal pemanggilan / The                                submitted via the Indonesian Stock Exchange, Financial
                           announcement of the GMS is submitted no later                           Services Authority (OJK) and the Company's website.
                           than 14 days before the date of the invitation
                           to the GMS, without taking into account the
                           date of the announcement and the date of the
                           invitation.
Pemanggilan RUPS 17 Oktober Pemanggilan RUPS disampaikan paling lambat 21                          Pengumuman RUPS telah disampaikan melalui Bursa
2023 / Invitation to GMS on hari sebelum tanggal pelaksanaan RUPS, dengan                          Efek Indonesia, Otoritas Jasa Keuangan (OJK) dan
October 17, 2023            tidak memperhitungkan tanggal pengumuman                               situs web perusahaan. / The GMS announcement was
                            dan tanggal pemanggilan / The invitation for the                       submitted through the Indonesian Stock Exchange,
                            GMS is submitted no later than 21 days before                          Financial Services Authority (OJK) and the Company's
                            the date of the GMS, without taking into account                       website.
                            the date of the announcement and the date of
                            the invitation.




                                                                                                              2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                             387
Page 390
                            Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                            Performance Highlights         Management Report      Company Profile         Overview on Business Supports




    Rangkaian Kegiatan /
                                                     Ketentuan / Provisions                                   Realisasi / Realizations
         Activities
Pelaksanaan RUPS 8 November Tempat: Hotel Sari Pacific Jakarta – Istana Jumlah Saham dengan Hak Suara 7.993.075.200 lembar
2023 / Implementation of GMS Ballroom, Jalan M.H. Thamrin No.6, Jakarta, saham atau 80,4736730% / Number of Shares with
on November 8, 2023          10340 / Venue: Hotel Sari Pacific Jakarta – Voting Rights 7,993,075,200 shares or 80.4736730%
                             Istana Ballroom, Jalan M.H. Thamrin No. 6,
                             Jakarta, 10340
Penyampaian          Ringkasan      Ringkasan Risalah RUPS disampaikan paling                Penyampaian      Ringkasan    Risalah   RUPS       telah
Risalah RUPS 10 November            lambat 2 hari setelah tanggal pelaksanaan                disampaikan melalui Bursa Efek Indonesia, Otoritas Jasa
2023 / Submission of Summary        RUPS / A summary of the GMS Minutes shall be             Keuangan (OJK) dan situs web perusahaan. / Submission
of Minutes of GMS on November       submitted no later than 2 days after the date of         of the Summary of GMS Minutes has been submitted
10, 2023                            the GMS                                                  via the Indonesian Stock Exchange, Financial Services
                                                                                             Authority (OJK) and the company website.
Penyampaian Risalah/Berita          Risalah/berita acara RUPS disampaikan paling             Penyampaian risalah/berita acara RUPS melalui surat
Acara RUPS 27 November              lambat 30 hari setelah tanggal pelaksanaan               kepada Otoritas Jasa Keuangan (OJK), Bursa Efek
2023 / Submission of Minutes/       RUPS / The minutes of the GMS are submitted              Indonesia dan situs web perusahaan. / Submission of
Minutes of the GMS on               no later than 30 days after the date of the GMS          GMS minutes/minutes by letter to the Financial Services
November 27, 2023                                                                            Authority (OJK), the Indonesian Stock Exchange and the
                                                                                             company website.



Ketentuan Kuorum                                                               Quorum Provisions
Kuorum kehadiran dan kuorum keputusan RUPS untuk mata                          The attendance quorum and GMS decision quorum for
acara yang harus diputuskan dalam RUPS dilakukan dengan                        agenda items that must be decided at the GMS are carried
mengikuti ketentuan berdasarkan Peraturan Otoritas Jasa                        out by following the provisions based on the Financial
Keuangan dan Anggaran Dasar Perusahaan.                                        Services Authority Regulations and the Company's Articles of
                                                                               Association.


RUPS Luar Biasa telah dihadiri oleh para pemegang saham                        The Extraordinary GMS was attended by shareholders and/
dan/atau kuasanya yang hadir dan/atau yang diwakili dalam                      or their proxies who were present and/or represented at the
Rapat, termasuk pemegang saham yang hadir secara                               Meeting, including shareholders who attended electronically
elektronik (e-proxy) melalui sistem eASY.KSEI sejumlah 1                       (e-proxy) via system eASY.KSEI in the amount of 1 Series A
saham Seri A Dwiwarna dan 7.993.075.199 saham Seri B atau                      Dwiwarna share and 7,993,075,199 Series B shares or a total
seluruhnya sejumlah 7.993.075.200 saham atau lebih kurang                      of 7,993,075,200 shares or approximately 80.4736730% of the
80,4736730% dari jumlah seluruh saham dengan hak suara                         total number of shares with valid voting rights that have been
yang sah yang telah dikeluarkan oleh Perseroan.                                issued by the Company.


Proses Penghitungan Suara                                                      Vote Calculation Process
Perhitungan suara dan prosedur pemungutan suara dalam                          The vote calculation and voting procedures in the
RUPS Luar Biasa dijelaskan dalam Tata Tertib RUPS yang                         Extraordinary GMS are explained in the GMS Rules of
dibagikan kepada Pemegang Saham dan dibacakan oleh                             Procedure which are distributed to Shareholders and read
Pimpinan Rapat sebelum RUPS dimulai. Informasi mengenai                        by the Chairman of the Meeting before the GMS begins.
Tata Tertib RUPS dipublikasikan dalam situs Perusahaan                         Information regarding the GMS Rules and Regulations is
sebelum pelaksanaan RUPS.                                                      published on the Company's website before the GMS is held.


Adapun mekanisme pengambilan keputusan RUPS adalah                             The GMS decision making mechanism is as follows:
sebagai berikut:
1. Keputusan Rapat diambil berdasarkan musyawarah untuk                        1. Meeting decisions are taken based on deliberation to
   mufakat. Dalam hal keputusan berdasarkan musyawarah                            reach consensus. In the event that a decision based
   untuk mufakat tidak tercapai, maka keputusan diambil                           on deliberation to reach consensus is not reached,
   dengan pemungutan suara, sesuai dengan kuorum                                  the decision is taken by voting, in accordance with the
   pengambilan keputusan yang diatur di dalam Anggaran                            decision-making quorum regulated in the Company's
   Dasar Perusahaan;                                                              Articles of Association;




388       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 391
                      Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis      Good Corporate Governance             Corporate Social and Environmental Responsibility




2. Pemungutan       suara       terhadap          setiap   mata     acara         2. Voting on each Meeting agenda item is carried out openly
   Rapat dilakukan secara terbuka dengan prosedur                                       with a procedure of allowing those who DISAGREE and/or
   mempersilahkan mereka yang TIDAK SETUJU dan/atau                                     cast an ABSTAIN vote to raise their hands and submit the
   memberikan suara ABSTAIN untuk mengangkat tangan                                     completed voting card to the Meeting officer. Those who
   dan menyerahkan kartu suara yang telah diisi kepada                                  do not raise their hands are deemed to have cast the same
   petugas Rapat. Mereka yang tidak mengangkat tangan,                                  vote as the vote of the majority of Shareholders. These
   dianggap mengeluarkan suara yang sama dengan suara                                   voting provisions apply mutatis mutandis to shareholders
   mayoritas Pemegang Saham. Ketentuan pemungutan                                       who provide power of attorney via e-Proxy.
   suara ini secara mutatis mutandis berlaku bagi pemegang
   saham yang memberikan kuasa melalui e-proxy.


Keterlibatan Pihak Independen dalam Penghitungan Suara                            Participation of Independent Party in Vote Calculaton
Perusahaan telah menunjuk pihak independen yaitu Biro                             The Company has appointed independent parties, namely
Administrasi Efek, PT Datindo Entrycom dalam melakukan                            the Securities Administration Bureau, PT Datindo Entrycom
penghitungan dan/atau memvalidasi suara dan Notaris Aulia                         to count and/or validate the votes and Notary Aulia Taufani,
Taufani, S.H., untuk selanjutnya melakukan validasi dan                           S.H., to further validate and announce the results of the vote
mengumumkan hasil penghitungan suara.                                             count.


Kehadiran Dewan Komisaris, Direksi, Lembaga & Profesi                             Attendance of the Board of Commissioners, the Board of
Penunjang Pasar Modal                                                             Directors, Supporting Institutions & Professionals of the
                                                                                  Capital Market
Pelaksanaan RUPS Luar Biasa 8 November 2023 dihadiri oleh                         The implementation of the Extraordinary GMS on November
anggota Dewan Komisaris dan Direksi yang menjabat sampai                          8, 2023 was attended by members of the Board of
pada saat rapat tersebut diselenggarakan. RUPS juga dihadiri                      Commissioners and Directors who served until the time the
oleh Lembaga & Profesi Penunjang Pasar Modal sebagaimana                          meeting was held. The GMS was also attended by Capital
tercantum dalam tabel berikut ini:                                                Market Supporting Institutions & Professionals as listed in
                                                                                  the following table:
Kehadiran Dewan Komisaris                                                         Attendance Of The Board Of Commissioners
                                                                                   Keanggotaan Pada Komite /                           Kehadiran Dalam RUPSLB
      Nama / Name                      Jabatan / Position
                                                                                     Committee Membership                              / Attendance In The EGMS
                                                                    Anggota Komite Nominasi dan Remunerasi /
                                      Komisaris Utama /
Franciscus M. A Sibarani                                            Member of the Nomination and Remuneration                                           -
                                   President Commissioner
                                                                    Committee
                                                                    Ketua Komite Manajemen Risiko, Komite
                                                                    Nominasi dan Remunerasi / Chairman of the
Hadi Daryanto                     Komisaris / Commissioner
                                                                    Risk Management Committee, Nomination and
                                                                    Remuneration Committee
                                                                    Ketua Komite Audit, Ketua Komite Nominasi
                                   Komisaris Independen /           dan Remunerasi / Chair of the Audit Committee,
Chowadja Sanova
                                Independent Commmissioner           Chair of the Nomination and Remuneration
                                                                    Committee




                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                            389
Page 392
                             Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report      Company Profile      Overview on Business Supports




Kehadiran Direksi                                                               Attendance Of The Board Of Directors
                                                                                                                           Kehadiran Dalam RUPSLB /
      Nama / Name                                                  Jabatan / Position
                                                                                                                            Attendance In The EGMS
Daconi Khotob                                             Direktur Utama / President Director

Rahmat Hidayat                 Direktur (Fungsi Keuangan dan SDM) / Director (Financa and HR Department)

Suherman Yahya                              Direktur (Fungsi Operasi) / Director (Division of Operations)



Kehadiran Lembaga & Profesi Penunjang Pasar Modal                               Attendance of Capital Market Supporting Institutions &
                                                                                Professions
    Biro Administrasi Efek / Bureau of Securities Administration                                        Notaris / Notary
                         PT Datindo Entrycom                                                           Aulia Taufani, S.H.


Hasil Keputusan RUPS Luar Biasa                                                 Extraordinary GMS Resolutions
Ringkasan risalah RUPS Luar Biasa 8 November 2023                               A summary of the minutes of the Extraordinary GMS on
dipublikasikan pada situs web Perusahaan, yaitu: www.                           November 8, 2023 was published on the Company's website,
semenbaturaja.co.id dalam dua bahasa dan disampaikan                            namely: www.semenbaturaja.co.id bilingually in Indonesian
pada Otoritas Jasa Keuangan dan Lembaga Pasar Modal                             and English and submitted to the Financial Services Authority
lainnya pada tanggal 10 November 2023 dalam Bahasa                              and other Capital Market Institutions on November 10, 2023.
Indonesia dan Bahasa Inggris.


Hingga Laporan Tahunan ini diterbitkan, seluruh hasil                           Until this Annual Report is published, all the results of the
keputusan RUPS Luar Biasa 8 November 2023 telah                                 Extraordinary GMS decisions on November 8 2023 have been
dilaksanakan. Penjelasan atas setiap mata acara RUPS diurai                     implemented. The explanation of each GMS agenda item is
sebagai berikut.                                                                outlined as follows.


Mata Acara Rapat                                                                Meeting Agenda
Mata Acara Rapat Pertama /           Perubahan Susunan Pengurus Perseroan / Changes in the Composition of the Company's Management
First Meeting Agenda
Jumlah Pemegang Saham                Tidak ada / None
yang Bertanya/Memberikan
Pendapat / Number of
Shareholders Raising
Questions/Providing Opinion




390        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 393
                     Analisis dan Pembahasan Manajemen      Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis     Good Corporate Governance          Corporate Social and Environmental Responsibility




Hasil Pemungutan Suara /           Setuju: 7.993.025.100 suara atau 99,9993732% / Agree: 7,993,025,100 votes or 99.9993732%
Voting Results                     Tidak Setuju: 100 suara atau 0,0000013% / Disagree: 100 votes or 0.0000013%
                                   Abstain: 50.000 suara atau 0,0006255% / Abstain: 50,000 votes or 0.0006255%
Keputusan Rapat / Meeting          1. Mengukuhkan pemberhentian Saudara Franciscus M.A. Sibarani sebagai Komisaris Utama, dengan ucapan
Resolutions                           terima kasih atas sumbangan tenaga dan pikiran yang diberikan selama menjabat sebagai pengurus
                                      Perseroan; / Confirmed the dismissal of Mr. Franciscus M.A. Sibarani as President Commissioner, with
                                      thanks for the contribution of energy and thoughts given while serving as management of the Company;
                                   2. Mengangkat Saudara Alex Iskandar Munaf sebagai Komisaris Utama merangkap Komisaris Independen
                                      dengan masa jabatan sesuai dengan ketentuan Anggaran Dasar Perseroan, serta memperhatikan
                                      peraturan perundang-undangan di bidang pasar modal dan tanpa mengurangi hak Rapat Umum
                                      Pemegang Saham untuk memberhentikan sewaktu-waktu; / Appointed Mr. Alex Iskandar Munaf as
                                      President Commissioner and Independent Commissioner with a term of office in accordance with
                                      the provisions of the Company's Articles of Association, as well as taking into account the laws and
                                      regulations in the capital market sector and without prejudice to the right of the General Meeting of
                                      Shareholders to dismiss him at any time;
                                   3. Mengangkat Saudara Inosentius Samsul sebagai Komisaris dengan masa jabatan sesuai dengan
                                      ketentuan Anggaran Dasar Perseroan, serta memperhatikan peraturan perundang-undangan di bidang
                                      pasar modal dan tanpa mengurangi hak Rapat Umum Pemegang Saham untuk memberhentikan
                                      sewaktu-waktu; / Appointed Mr. Inosentius Samsul as Commissioner with a term of office in accordance
                                      with the provisions of the Company's Articles of Association, as well as taking into account the laws and
                                      regulations in the capital market sector and without prejudice to the right of the General Meeting of
                                      Shareholders to dismiss him at any time;
                                   4. Memberhentikan dengan hormat Saudara Daconi Khotob sebagai Direktur Utama, dengan ucapan terima
                                      kasih atas sumbangan tenaga dan pikiran yang diberikan selama menjabat sebagai pengurus Perseroan;
                                      / Honorably dismissed Mr. Daconi Khotob as President Director, with thanks for the contribution of
                                      energy and thoughts he has provided while serving as management of the Company;
                                   5. Mengalihkan penugasan Saudara Suherman Yahya yang diangkat berdasarkan keputusan RUPS Tahunan
                                      Tahun Buku 2021 dari semula sebagai Direktur (Fungsi Operasi) menjadi Direktur Utama dengan masa
                                      jabatan meneruskan sisa masa jabatan sebagaimana keputusan RUPS dimaksud, serta memperhatikan
                                      peraturan perundang-undangan di bidang pasar modal dan tanpa mengurangi hak Rapat Umum
                                      Pemegang Saham untuk memberhentikan sewaktu-waktu; / Transferred the assignment of Brother
                                      Suherman Yahya who was appointed based on the decision of the Annual GMS for the 2021 Fiscal Year
                                      from initially as Director (Operation Function)to become President Director with the remaining term of
                                      office as stated in the GMS decision, as well as taking into account the laws and regulations in the capital
                                      market sector and without prejudice to the rights of General Meeting of Shareholders to dismiss at any
                                      time;
                                   6. Mengangkat Saudara Muhammad Syafitri sebagai Direktur (Fungsi Operasi) dengan masa jabatan sesuai
                                      dengan ketentuan Anggaran Dasar Perseroan, serta memperhatikan peraturan perundang-undangan di
                                      bidang pasar modal dan tanpa mengurangi hak Rapat Umum Pemegang Saham untuk memberhentikan
                                      sewaktu-waktu; / Appointed Muhammad Syafitri as Director (Operation Function)with a term of office in
                                      accordance with the provisions of the Company's Articles of Association, as well as taking into account
                                      the laws and regulations in the capital market sector and without prejudice to the right of the General
                                      Meeting of Shareholders to dismiss him at any time;
                                   7. Dengan adanya pemberhentian dan pengangkatan pengurus Perseroan sebagaimana tersebut di atas,
                                      maka susunan keanggotaan Direksi dan Dewan Komisaris Perseroan menjadi sebagai berikut: / With
                                      the dismissal and appointment of the Company's management as mentioned above, the membership
                                      composition of the Company's Directors and Board of Commissioners will be as follows:
                                      • Komisaris Utama merangkap Komisaris Independen / President Commissioner and Independent
                                         Commissioner: Alex Iskandar Munaf;
                                      • Komisaris / Commissioner: Hadi Daryanto;
                                      • Komisaris Independen / Independent Commissioner: Chowadja Sanova;
                                      • Komisaris / Commissioner: Inosentius Samsul;
                                      • Direktur Utama / President Director: Suherman Yahya;
                                      • Direktur (Fungsi Operasi) / Director of Operation: Muhammad Syafitri;
                                      • Direktur (Fungsi Keuangan dan SDM) / Director (Finance and HR Department): Rahmat Hidayat;
                                   8. Memberikan kuasa dengan hak substitusi kepada Direksi Perseroan untuk menyatakan yang diputuskan
                                      rapat dalam bentuk Akta Notaris serta menghadap Notaris atau pejabat yang berwenang, dan melakukan
                                      penyesuaian atau perbaikan-perbaikan yang diperlukan apabila dipersyaratkan oleh pihak yang
                                      berwenang untuk keperluan pelaksanaan isi keputusan rapat. / Granted power of attorney with the right
                                      of substitution to the Company's Board of Directors to state the resolutions of the meeting in the form
                                      of a Notarial Deed and appear before a Notary or authorized official, and make necessary adjustments
                                      or corrections if required by the authorized party for the purposes of implementing the contents of the
                                      meeting's decisions.

Tindak Lanjut / Follow-Up          Keputusan langsung berlaku / Resolutions immediately took effect




                                                                                                    2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 394
                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile          Overview on Business Supports




KEPUTUSAN RUPS TAHUN SEBELUMNYA (2022)                                       RESOLUTIONS OF THE PREVIOUS GMS (2022)
Di tahun 2022, Perusahaan melaksanakan RUPS Tahunan                          In 2022, the Company held an Annual GMS for the 2021 fiscal
tahun buku 2021 yang diselenggarakan pada hari Jumat, 25                     year on Friday, March 25, 2022 at 14.15 WIB – 15.55 WIB, at
Maret 2022 pukul 14.15 WIB – 15.55 WIB, bertempat di Wisma                   Wisma Antara, Adhiyana Auditorium, 2nd Floor, Jalan Medan
Antara, Auditorium Adhiyana, Lantai 2, Jalan Medan Merdeka                   Merdeka Selatan No. 17, Jakarta 10110. The process of holding
Selatan No. 17, Jakarta 10110. Proses penyelenggaraan                        the Annual General Meeting of Shareholders is carried out
Rapat Umum Pemegang Saham Tahunan dilaksanakan                               based on Financial Services Authority Regulation No. 15/
berdasarkan Peraturan Otoritas Jasa Keuangan No. 15/                         POJK.04/2020 concerning Planning and Organizing General
POJK.04/2020 tentang Rencana dan Penyelenggaraan Rapat                       Meetings of Shareholders of Public Companies and Financial
Umum Pemegang Saham Perusahaan Terbuka dan Peraturan                         Services        Authority     Regulation             no.     16/POJK.04/2020
Otoritas Jasa Keuangan No. 16/POJK.04/2020 tentang                           concerning Implementation of Electronic General Meetings
Pelaksanaan Rapat Umum Pemegang Perusahaan Terbuka                           of Public Company Holders. The Annual GMS is chaired by the
Secara Elektronik. RUPS Tahunan dipimpin oleh Komisaris                      Commissioner who first reads the GMS rules and regulations
dengan terlebih dahulu membacakan tata tertib RUPS                           before entering the meeting agenda.
sebelum memasuki mata acara rapat.


KEPUTUSAN DAN REALISASI                                                      RESOLUTIONS AND REALIZATIONS
Hasil Keputusan RUPS Tahunan Tahun Buku 2021 telah                           The results of the Annual GMS Resolutions for the 2021 Fiscal
seluruhnya dilaksanakan pada tahun 2022. Tidak terdapat                      Year were all implemented in 2022. There were no resolutions
keputusan RUPS Tahun Buku 2020 yang dilaksanakan pada                        from the 2020 GMS for the Fiscal Year that were implemented
tahun 2022. Tindak lanjut atas Keputusan RUPS Tahun Buku                     in 2022. The follow-up to the 2020 GMS Decisions has been
2020 tersebut telah tercantum dalam Laporan Tahunan                          included in the Annual Report for the 2021 Fiscal Year.
Tahun Buku 2021.


Ringkasan risalah RUPS Tahunan telah dipublikasikan pada                     A summary of the minutes of the Annual GMS has been
situs web Perseroan, yaitu: www.semenbaturaja.co.id dalam                    published on the Company's website, namely: www.
dua bahasa dan disampaikan pada Otoritas Jasa Keuangan                       semenbaturaja.co.id in two languages and submitted to
dan Lembaga Pasar Modal lainnya pada tanggal 29 Maret                        the Financial Services Authority and other Capital Market
2022.                                                                        Institutions on March 29, 2022.


Seluruh hasil keputusan RUPS telah dilaksanakan. Penjelasan                  All GMS resolutions have been implemented. An explanation
atas setiap mata acara RUPS Tahun Buku 2021 tercantum                        of each agenda item for the 2021 GMS is listed in the table
dalam tabel di bawah ini:                                                    below:
Mata Acara Rapat Pertama /          Persetujuan Laporan Tahunan Direksi mengenai keadaan dan jalannya Perseroan selama Tahun Buku
First Meeting Agenda                2021 termasuk Laporan Pelaksanaan Tugas Pengawasan Dewan Komisaris selama Tahun Buku 2021 dan
                                    Pengesahan Laporan Keuangan Tahun Buku 2021, sekaligus pemberian pelunasan dan pembebasan
                                    tanggung jawab sepenuhnya (volledig acquit et de charge) kepada Direksi dan Dewan Komisaris Perseroan
                                    atas tindakan pengurusan dan pengawasan yang telah dijalankan selama Tahun Buku 2021. / Approval of the
                                    Board of Directors’ Annual Report regarding the condition and operation of the Company during Fiscal Year
                                    2021 including the Report on the Implementation of the Board of Commissioners’ Supervisory Duties for
                                    Fiscal Year 2021 and the Ratification of the Financial Statement of Fiscal Year 2021, as well as granting the
                                    release and discharge (volledig acquit et de charge) to the Board of Directors and Board of Commissioners
                                    of the Company for the management and supervision actions undertaken during Fiscal Year 2021.
Jumlah Pemegang Saham               Terdapat 1 (satu) orang / There was 1 (one) person
yang Bertanya/Memberikan
Pendapat / Number of
Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara /            Setuju: 7.517.840.800 suara atau 99,999% / Agree: 7,517,840,800 votes or 99.999%
Voting Results                      Tidak Setuju: 20.600 suara atau 0,0002% / Disagree: 20,600 votes or 0.0002%
                                    Abstain: 29.700 suara atau 0,0003% / Abstain: 29,700 votes or 0.0003%




392       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 395
                     Analisis dan Pembahasan Manajemen     Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis    Good Corporate Governance          Corporate Social and Environmental Responsibility




Keputusan Rapat / Meeting          Menyetujui Laporan Tahunan Tahun Buku 2021 termasuk Laporan Tugas Pengawasan Dewan Komisaris
Resolutions                        serta mengesahkan Laporan Keuangan Perseroan untuk Tahun Buku 2021 yang telah diaudit oleh Kantor
                                   Akuntan Publik Amir Abadi Jusuf, Aryanto, Mawar & Rekan (terafiliasi dengan RSM) sesuai laporannya No:
                                   00026/2.1030/AU.1/04/1514-2/1/II/2022 tanggal 15 Februari 2022 dengan pendapat “wajar, dalam semua hal
                                   yang material, posisi keuangan konsolidasian PT Semen Baturaja (Persero) Tbk dan entitas anaknya tanggal
                                   31 Desember 2021, serta kinerja keuangan dan arus kas konsolidasiannya untuk tahun yang berakhir pada
                                   tanggal tersebut sesuai dengan Standar Akuntansi Keuangan di Indonesia”, serta memberikan pelunasan
                                   dan pembebasan tanggung jawab sepenuhnya (volledig acquit et de charge) kepada Direksi dan Dewan
                                   Komisaris Perseroan atas tindakan pengurusan dan pengawasan yang telah dijalankan dalam Tahun Buku
                                   yang berakhir pada tanggal 31 Desember 2021 sepanjang tindakan tersebut bukan merupakan tindakan
                                   pidana dan tercermin dalam buku-buku laporan Perseroan. / Approved the Annual Report for the 2021
                                   Fiscal Year including the Supervisory Report of the Board of Commissioners and ratified the Company’s
                                   Financial Statements for the 2021 Fiscal Year which had been audited by the Public Accounting Firm Amir
                                   Abadi Jusuf, Aryanto, Mawar & Rekan (affiliated with RSM) according to its report No: 00026/2.1030/
                                   AU.1/04/1514-2/1/II/2022 dated February 15, 2022 with the opinion “reasonable, in all material respects,
                                   the consolidated financial position of PT Semen Baturaja (Persero) Tbk and its subsidiaries on December
                                   31, 2021, and the performance consolidated financial statements and cash flows for the year ended on that
                                   date in accordance with Indonesian Financial Accounting Standards, and provide full release and discharge
                                   (volledig acquit et de charge) to the Board of Directors and Board of Commissioners of the Company for the
                                   management and supervisory actions that have been carried out in the Fiscal Year ending on December 31,
                                   2021 as long as the action is not a PI action funds and reflected in the Company’s report books
Tindak Lanjut / Follow-Up          Keputusan langsung berlaku / Resolutions immediately took effect


Mata Acara Rapat Kedua /           Pengesahan Laporan Tahunan termasuk Laporan Keuangan Program Pendanaan Usaha Mikro Kecil Tahun
Second Meeting Agenda              Buku 2021, sekaligus pemberian pelunasan dan pembebasan tanggung jawab sepenuhnya (volledig acquit
                                   et de charge) kepada Direksi dan Dewan Komisaris Perseroan atas pengurusan dan pengawasan Program
                                   Pendanaan Usaha Mikro Kecil yang telah dijalankan selama Tahun Buku 2021; / Ratification of the Annual
                                   Report including the Financial Statements for the Partnership and Community Development Program for
                                   Fiscal Year 2021, as well as granting full release and discharge (volledig acquit et de charge) to the Board
                                   of Directors and the Board of Commissioners of the Company for the management and supervision of the
                                   Partnership and Community Development Program undertaken during Fiscal Year 2021.
Jumlah Pemegang Saham              Tidak ada / None
yang Bertanya/Memberikan
Pendapat / Number of
Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara /           Setuju: 7.517.840.800 suara atau 99,999% / Agree: 7,517,840,800 votes or 99.999%
Voting Results                     Tidak Setuju: 20.600 suara atau 0,0002% / Disagree: 20,600 votes or 0.0002%
                                   Abstain: 29.700 suara atau 0,0003% / Abstain: 29,700 votes or 0.0003%
Keputusan Rapat / Meeting          Menyetujui Laporan Tahunan termasuk Laporan Keuangan Program Pendanaan Usaha Mikro Kecil Tahun
Resolutions                        Buku 2021 dan mengesahkan Laporan Keuangan Program Pendanaan Usaha Mikro Kecil yang telah diaudit
                                   oleh Kantor Akuntan Publik Amir Abadi Jusuf, Aryanto, Mawar & Rekan (terafiliasi dengan RSM) sesuai
                                   laporannya No: 00027/2.1030/AU.2/12/1514-2/1/II/2022 tanggal 15 Februari 2022, serta memberikan
                                   pelunasan dan pembebasan tanggung jawab sepenuhnya (volledig acquit et de charge) kepada Direksi
                                   dan Dewan Komisaris Perseroan atas tindakan pengurusan dan pengawasan Program Pendanaan Usaha
                                   Mikro dan Kecil (PUMK) Tahun Buku 2021, sepanjang tindakan tersebut bukan merupakan tindak pidana
                                   dan tercermin dalam laporan tersebut. / Approved the Annual Report including the Financial Statement for
                                   the Micro-Small Business Funding Program for the Fiscal Year 2021 and ratified the Financial Statement
                                   for the Micro-Small Business Funding Program which had been audited by the Public Accounting Firm
                                   Amir Abadi Jusuf, Aryanto, Mawar & Rekan (affiliated with RSM) according to its report No: 00027/ 2.1030/
                                   AU.2/12/1514-2/1/II/2022 dated February 15, 2022, as well as providing full release and discharge (volledig
                                   acquit et de charge) to the Directors and Board of Commissioners of the Company for the management and
                                   supervision of the Funding Program Micro and Small Enterprises (PUMK) Fiscal Year 2021, as long as the
                                   action is not a crime and is reflected in the report
Tindak Lanjut / Follow-Up          Keputusan langsung berlaku / Resolutions immediately took effect




                                                                                                   2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                  393
Page 396
                              Ikhtisar Kinerja              Laporan Manajemen           Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                              Performance Highlights        Management Report           Company Profile          Overview on Business Supports




Mata Acara Rapat Ketiga /             Penetapan penggunaan Laba Bersih Perseroan, termasuk pembagian Dividen untuk Tahun Buku 2021. /
Third Meeting Agenda                  Determining the use of the Company’s Net Profits, including the distribution of dividends for Fiscal Year
                                      2021.
Jumlah Pemegang Saham                 Tidak ada / None
yang Bertanya/Memberikan
Pendapat / Number of
Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara /              Setuju: 7.517.806.000 suara atau 99,998% / Agree: 7,517,806,000 votes or 99.998%
Voting Results                        Tidak Setuju: 66.400 suara atau 0,0008% / Disagree: 66,400 votes or 0.0008%
                                      Abstain: 18.700 suara atau 0,0002% / Abstain: 18,700 votes or 0.0002%
Keputusan Rapat / Meeting             Menyetujui dan menetapkan penggunaan Laba Bersih Atribusi Pemilik Entitas Induk Perseroan Tahun Buku
Resolutions                           2021 sebesar Rp 51.815.793.561 (lima puluh satu miliar delapan ratus lima belas juta tujuh ratus sembilan
                                      puluh tiga ribu lima ratus enam puluh satu Rupiah) seluruhnya menjadi Cadangan lainnya. / Approved to
                                      determined the use of Attribution of Net Profits for the Owners of the Parent Company the 2021 Fiscal Year
                                      of Rp51,815,793,561 (Fifty One Billion Eight Hundred Fifteen Million Seven Hundred Ninety Three Thousand
                                      Five Hundred Sixty One Rupiah) entirely as other reserves.
Tindak Lanjut / Follow-Up             Keputusan langsung berlaku / Resolutions immediately took effect



Mata Acara Rapat Keempat / Penetapan Tantiem untuk Direksi dan Dewan Komisaris Perseroan Tahun Buku 2021 dan Penghasilan Direksi dan Dewan
Fourth Meeting Agenda      Komisaris untuk Tahun Buku 2022. / Determining the tantiem for the Board of Directors and Board of Commissioners of
                           the Company for Fiscal Year 2021 and remuneration for the Board of Directors and the Board of Commissioners for Fiscal
                           Year 2022
Jumlah Pemegang Saham yang            Tidak ada / None
Bertanya/Memberikan Pendapat
/ Number of Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara / Voting       Setuju: 7.517.773.900 suara atau 99,998% Agree: 7,517,773,900 votes or 99.998%
Results                               Tidak Setuju: 87.500 suara atau 0,0011% / Disagree: 87,500 votes or 0.0011%
                                      Abstain: 29.700 suara atau 0,0003% / Abstain: 29,700 votes or 0.0003%
Keputusan Rapat / Meeting             1. Menyetujui memberikan wewenang dan kuasa kepada Pemegang Saham Seri A Dwiwarna untuk menetapkan besarnya
Resolutions                              tantiem untuk Tahun Buku 2021, serta menetapkan honorarium, tunjangan, dan fasilitas bagi anggota Dewan Komisaris
                                         untuk tahun 2022; dan / Approved to grant authority and power of attorney to Series A Dwiwarna Shareholders to
                                         determine the amount of tantiem for the 2021 Fiscal Year, as well as determine the honorarium, benefits and facilities
                                         for members of the Board of Commissioners for 2022; And
                                      2. Menyetujui memberikan wewenang dan kuasa kepada Dewan Komisaris dengan terlebih dahulu mendapatkan
                                         persetujuan tertulis dari Pemegang Saham Seri A Dwiwarna untuk menetapkan besarnya tantiem untuk Tahun Buku
                                         2021, serta menetapkan gaji, tunjangan dan fasilitas bagi Direksi untuk tahun 2022. / Approved the granting of authority
                                         and power to the Board of Commissioners by first obtaining written approval from the Dwiwarna Series A Shareholders
                                         to determine the amount of tantiem for the 2021 Fiscal Year, as well as determine the salaries, benefits and facilities for
                                         the Directors for 2022.
Tindak Lanjut / Follow-Up             Keputusan langsung berlaku / Resolutions immediately took effect




Mata Acara Rapat Kelima / Fifth       Penunjukan Kantor Akuntan Publik untuk mengaudit Laporan Keuangan Konsolidasian Perseroan Tahun Buku 2022 dan
Meeting Agenda                        Laporan Keuangan Program Pendanaan Usaha Mikro Kecil Tahun Buku 2022 dengan ruang lingkup pekerjaan termasuk
                                      Laporan Evaluasi Kinerja Perusahaan, Laporan Evaluasi KPI dan Laporan Kepatuhan terhadap Perundang-undangan
                                      dan Pengendalian Intern. / Appointment of a Public Accounting Firm to audit the Company’s Consolidated Financial
                                      Statements for Fiscal Year 2022 and Financial Statements for the Micro Small Business Funding Program for Fiscal Year
                                      2022 with the scope of work including Company Performance Evaluation Reports, KPI Evaluation Reports and Reports on
                                      Compliance with Legislation and Internal Control.
Jumlah Pemegang Saham yang            Tidak ada / None
Bertanya/Memberikan Pendapat
/ Number of Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara / Voting       Setuju: 7.517.713.800 suara atau 99,997% / Agree: 7,517,713,800 votes or 99.997%
Results                               Tidak Setuju: 147.600 suara atau 0,0019% / Disagree: 147,600 votes or 0.0019%
                                      Abstain: 29.700 suara atau 0,0003% / Abstain: 29,700 votes or 0.0003%




394         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 397
                        Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis       Good Corporate Governance            Corporate Social and Environmental Responsibility




Keputusan Rapat / Meeting             1. Menyetujui menunjuk Kantor Akuntan Publik Amir Abadi Jusuf, Aryanto, Mawar & Rekan (terafiliasi dengan RSM) untuk
Resolutions                              melakukan audit umum atas Laporan Keuangan Konsolidasian Perseroan Tahun Buku 2022 dan periode lainnya dalam
                                         tahun buku 2022, dan Laporan Keuangan Program Pendanaan Usaha Mikro Kecil Tahun Buku 2022, dengan ruang
                                         lingkup pekerjaan termasuk Laporan Evaluasi Kinerja Perusahaan, Laporan Evaluasi KPI, dan Laporan Audit Kepatuhan
                                         terhadap Perundang-undangan dan Pengendalian Intern; / Approved the appointment of Amir Abadi Jusuf, Aryanto,
                                         Mawar & Rekan Public Accounting Firm (affiliated with RSM) to conduct a general audit of the Company’s Consolidated
                                         Financial Statements for the 2022 Fiscal Year and other periods in the 2022 Fiscal Year, and the Financial Statements
                                         for the Micro Small Business Funding Program for the 2022 Fiscal Year Book 2022, with the scope of work including
                                         Company Performance Evaluation Reports, KPI Evaluation Reports, and Audit Reports on Compliance with Legislation
                                         and Internal Control;
                                      2. Menyetujui memberikan pelimpahan kewenangan kepada Dewan Komisaris Perseroan untuk menetapkan besaran
                                         imbalan jasa audit, penambahan ruang lingkup pekerjaan yang diperlukan dan persyaratan lainnya yang wajar bagi
                                         Kantor Akuntan Publik tersebut; / Approved to grant authority to the Company’s Board of Commissioners to determine
                                         the amount of fees for audit services, additional scope of work required and other reasonable requirements for the
                                         Public Accounting Firm;
                                      3. Menyetujui memberikan wewenang dan kuasa kepada Dewan Komisaris dengan terlebih dahulu mendapatkan
                                         persetujuan tertulis Pemegang Saham Seri A Dwiwarna untuk menetapkan Kantor Akuntan Publik pengganti dalam
                                         hal Kantor Akuntan Publik Amir Abadi Jusuf, Aryanto, Mawar & Rekan (terafiliasi dengan RSM) karena sebab apapun
                                         tidak dapat menyelesaikan audit atas Laporan Keuangan Konsolidasian Perseroan Tahun Buku 2022 dan periode
                                         lainnya dalam tahun buku 2022, dan Laporan Keuangan Program Pendanaan Usaha Mikro Kecil Tahun Buku 2022. /
                                         Approved the granting of authority and power to the Board of Commissioners by first obtaining written approval from
                                         the Dwiwarna Series A Shareholders to determine a replacement Public Accounting Firm in the event that the Public
                                         Accounting Firm of Amir Abadi Jusuf, Aryanto, Mawar & Rekan (affiliated with RSM) for any reason is not be able to
                                         complete an audit of the Company’s Consolidated Financial Statements for the 2022 Fiscal Year and other periods in the
                                         2022 Fiscal Year, and the Financial Statement for the Micro Small Business Funding Program for the 2022 Fiscal Year
Tindak Lanjut / Follow-Up             Keputusan langsung berlaku / Resolutions immediately took effect


Mata Acara Rapat Keenam / Sixth       Ratifikasi Peraturan Menteri Badan Usaha Milik Negara Republik Indonesia. / Enforcement of Regulations of the Minister
Meeting Agenda                        of SOE
Jumlah Pemegang Saham yang            Tidak ada / None
Bertanya/Memberikan Pendapat
/ Number of Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara / Voting       Setuju: 7.517.850.700 suara atau 99,999% / Agree: 7,517,850,700 votes or 99.999%
Results                               Tidak Setuju: 20.600 suara atau 0,0002% / Disagree: 20,600 votes or 0.0002%
                                      Abstain: 19.800 suara atau 0,0002% / Abstain: 19,800 votes or 0.0002%
Keputusan Rapat / Meeting             Menyetujui meratifikasi/mengukuhkan pemberlakuan Peraturan Menteri Badan Usaha Milik Negara Republik Indonesia
Resolutions                           Nomor PER-11/MBU/07/2021, Nomor PER-13/MBU/09/2021, dan Nomor PER-14/MBU/10/2021 beserta perubahannya di
                                      kemudian hari. / Approve to ratify/confirm the enactment of the Regulations of the Minister of State-Owned Enterprises
                                      of the Republic of Indonesia No. PER-11/MBU/07/2021, No. PER-13/MBU/09/2021, and No. PER-14/MBU/10/2021, along with
                                      their subsequent amendments.
Tindak Lanjut / Follow-Up             Keputusan langsung berlaku / Resolutions immediately took effect


Mata Acara Rapat Ketujuh /            Perubahan Susunan Pengurus Perseroan / Changes in the Composition of the Company’s Management
Seventh Meeting Agenda
Jumlah Pemegang Saham yang            Tidak ada / None
Bertanya/Memberikan Pendapat
/ Number of Shareholders Raising
Questions/Providing Opinion
Hasil Pemungutan Suara / Voting       Setuju: 7.500.193.900 suara atau 99,764% / Agree: 7,500,193,900 votes or 99.764%
Results                               Tidak Setuju: 17.678.500 suara atau 0,2351% / Disagree: 17,678,500 votes or 0.2351%
                                      Abstain: 18.700 suara atau 0,0002% / Abstain: 18,700 votes or 0.0002%




                                                                                                           2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 398
                              Ikhtisar Kinerja              Laporan Manajemen          Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                              Performance Highlights        Management Report          Company Profile         Overview on Business Supports




Keputusan Rapat / Meeting             1. Mengukuhkan pemberhentian dengan hormat Sdr Endang Tirtana sebagai Komisaris Independen Perseroan yang
Resolutions                              diangkat berdasarkan Keputusan RUPS Tahunan Tahun Buku 2019 terhitung sejak tanggal 29 Desember 2021,
                                         dengan ucapan terima kasih atas sumbangan tenaga dan pikiran yang diberikan selama menjabat sebagai Komisaris
                                         Independen Perseroan. / Confirming the honorable dismissal of Mr. Endang Tirtana as the Company’s Independent
                                         Commissioner who was appointed based on the 2019 Annual GMS resolutions as of December 29, 2021, with gratitude
                                         for the contribution of energy and thoughts given while serving as the Company’s Independent Commissioner.
                                      2. Memberhentikan dengan hormat nama-nama tersebut di bawah ini sebagai Pengurus Perseroan: / Honorably dismiss
                                         the names below as the Management of the Company:
                                         a. Sdr. Jobi Triananda Hasjim sebagai Direktur Utama; / Mr. Jobi Triananda Hasjim as President Director;
                                         b. Sdr. Daconi sebagai Direktur Produksi dan Pengembangan; / Mr. Daconi as Director of Production and Development;
                                         c. Sdr. M. Jamil sebagai Direktur Keuangan dan Manajemen Risiko; / Mr. M. Jamil as Director of Finance and Risk
                                             Management;
                                         d. Sdr. Amrullah sebagai Direktur Umum dan SDM; dan / Mr. Amrullah as Director of General Affairs and HR; and
                                         e. Sdr. Oke Nurwan sebagai Komisaris, / Mr. Oke Nurwan as Commissioner
                                             yang diangkat masing-masing berdasarkan Keputusan RUPS Luar Biasa Tahun 2018, RUPS Tahunan Tahun Buku 2016
                                             jo. RUPS Tahunan Tahun Buku 2020 dengan ucapan terima kasih atas sumbangan tenaga dan pikiran yang diberikan
                                             selama menjabat sebagai Pengurus Perseroan. / each appointed based on the decision of the 2018 Extraordinary
                                             GMS, the 2016 Annual GMS, jo. Annual GMS for the 2020 Fiscal Year with thanks for the contribution of energy and
                                             thoughts given while serving as the Company’s Management.
                                      3. Mengangkat nama-nama tersebut di bawah ini sebagai Pengurus Perseroan: / To appoint the following names as
                                         Management of the Company:
                                         a. Sdr. Daconi sebagai Direktur utama; / Mr. Daconi as the President Director;
                                         b. Sdr. Suherman Yahya sebagai Direktur Produksi dan Pengembangan; / Mr. Suherman Yahya as Director of Production
                                             and Development;
                                         c. Sdr. Tubagus Muhammad Dharury sebagai Direktur Keuangan dan Manajemen Risiko; / Mr. Tubagus Muhammad
                                             Dharury as Director of Finance and Risk Management;
                                         d. Sdr. Gatot Mardiana sebagai Direktur Umum dan SDM; dan / Mr. Gatot Mardiana as Director General Affairs and HR;
                                             and
                                         e. Sdr. Oke Nurwan sebagai Komisaris, / Mr. Oke Nurwan as Commissioner
                                             masing-masing terhitung sejak ditutupnya RUPS Tahunan dengan masa jabatan sesuai dengan ketentuan
                                             Anggaran Dasar Perseroan serta memperhatikan peraturan perundang-undangan di bidang Pasar Modal, dan tanpa
                                             mengurangi hak RUPS untuk memberhentikan sewaktu-waktu. / respectively as of the closing of the Annual GMS
                                             with a term of office in accordance with the provisions of the Company’s Articles of Association and considering the
                                             laws and regulations in the Capital Market sector, and without prejudice to the right of the GMS to dismiss it at any
                                             time.
                                      4. Dengan adanya pengukuhan pemberhentian, pemberhentian, dan pengangkatan Pengurus Perseroan sebagaimana
                                         dimaksud pada angka 1, 2, 3, maka susunan keanggotaan Direksi dan Dewan Komisaris Perseroan menjadi sebagai
                                         berikut: / With the confirmation of dismissal, dismissal, and appointment of the Company’s Management as referred to
                                         in numbers 1, 2, 3, the membership composition of the Board of Directors and Board of Commissioners of the Company
                                         is as follows:

                                      Direksi / Board of Directors
                                      1) Direktur Utama / President Director: Daconi
                                      2). Direktur Pemasaran / Director of Marketing: Mukhamad Saifudin
                                      3). Direktur Produksi dan Pengembangan / Director of Production and Development : Suherman Yahya
                                      4). Direktur Keuangan dan Manajemen Risiko / Director of Finance and Risk Management: Tubagus Muhammad Dharury
                                      5). Direktur Umum dan SDM / Director of General Affairs and HR: Gatot Mardiana

                                      Dewan Komisaris / Board of Commissioners
                                      1). Komisaris Utama / President Commissioner: Franciscus M.A. Sibarani
                                      2). Komisaris Independen / Independent Commissioner: Darusman Mawardi
                                      3). Komisaris / Commissioner: Oke Nurwan
                                      4). Komisaris Independen / Independent Commissioner: Chowadja Sanova

                                      5. Anggota-anggota Direksi dan Dewan Komisaris yang diangkat sebagaimana dimaksud pada angka 3 yang masih
                                         menjabat pada jabatan lain yang dilarang oleh peraturan perundang-undangan untuk dirangkap dengan jabatan anggota
                                         Direksi atau anggota Dewan Komisaris Badan Usaha Milik Negara, maka yang bersangkutan harus mengundurkan diri
                                         atau diberhentikan dari jabatannya tersebut. / Members of the Board of Directors and Board of Commissioners who
                                         are appointed as referred to in number 3 who are still serving in other positions prohibited by laws and regulations
                                         from concurrently serving as members of the Board of Directors or members of the Board of Commissioners of a
                                         StateOwned Enterprise, must resign or dismissed from his position.
                                      6. Memberikan kuasa dengan hak substitusi kepada Direksi Perseroan untuk menyatakan yang diputuskan Rapat dalam
                                         bentuk Akta Notaris serta menghadap Notaris atau pejabat yang berwenang, dan melakukan penyesuaian atau
                                         perbaikan-perbaikan yang diperlukan apabila dipersyaratkan oleh pihak yang berwenang untuk keperluan pelaksanaan
                                         isi keputusan Rapat. / Granted power of attorney with the right of substitution to the Board of Directors of the Company
                                         to declare the resolutions of the Meeting in the form of a Notary Deed and appear before a Notary or an authorized
                                         official, and make necessary adjustments or improvements if required by the competent authority for the purpose of
                                         implementing the contents of the Meeting resolutions
Tindak Lanjut / Follow-Up             Keputusan langsung berlaku / Resolutions immediately took effect




396         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                    Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis   Good Corporate Governance               Corporate Social and Environmental Responsibility




PENYELENGGARAAN RUPS PADA ENTITAS ANAK DAN                                   IMPLEMENTATION OF GMS OF SUBSIDIARIES AND
AFILIASI                                                                     AFFILIATES
Hingga 31 Desember 2023, Perusahaan hanya memiliki 1                         As of December 31, 2023, the Company only has 1 (one)
(satu) Entitas Anak yakni PT Baturaja Multi Usaha (BMU). BMU                 Subsidiary, namely PT Baturaja Multi Usaha (BMU). BMU has
telah melaksanakan Rapat Umum Pemegang Saham (RUPS)                          held the Annual General Meeting of Shareholders (GMS) for
Tahunan Tahun Buku 2022 secara sirkuler dilaksanakan pada                    the 2022 Fiscal Year in a circular manner on Monday, May 29,
hari Senin tanggal 29 Mei 2023 dengan agenda mata acara                      2023 with the following agenda:
sebagai berikut :
1. Persetujuan Laporan Tahunan mengenai keadaan dan                          1. Approval of the Annual Report regarding the condition
   jalannya Perseroan selama Tahun Buku 2022 termasuk                              and running of the Company during the 2022 Fiscal
   Laporan Pelaksanaan Tugas Pengawasan Komisaris                                  Year including the Report on the Implementation of
   selama Tahun Buku 2022, sekaligus pemberian pelunasan                           the Commissioners' Supervisory Duties during the
   dan pembebasan tanggung jawab sepenuhnya (volledig                              2022 Fiscal Year, as well as granting full repayment and
   acquit et de charge) kepada Direktur dan Komisaris                              release of responsibility (volledig acquit et de charge) to
   Perseroan atas tindakan pengurusan dan pengawasan                               the Company's Directors and Commissioners for their
   yang telah dijalankan selama Tahun Buku 2022;                                   management and supervisory actions which has been
                                                                                   implemented during the 2022 Fiscal Year;
2. Penetapan Tantiem untuk Direktur dan Komisaris                            2. Determination             of       Tantiem             for           Directors     and
   Perseroan Tahun Buku 2022 dan Penghasilan Direktur dan                          Commissioners of the Company for Fiscal Year 2022 and
   Dewan Komisaris untuk Tahun 2023                                                Income of Directors and Board of Commissioners for 2023
3. Penunjukkan Kantor Akuntan Publik (KAP) yang akan                         3. Appointment of a Public Accounting Firm (KAP) that will
   mengaudit Laporan Keuangan Perseroan Tahun Buku                                 audit the Company's Financial Statement for the 2023
   2023                                                                            Fiscal Year


Hasil RUPST BMU:                                                             BMU AGMS Resolutions:
A. Bahwa para pemegang saham Perseroan:                                      A. That the Company's shareholders:
   1. Menyetujui Laporan Tahunan Tahun Buku 2022                                 1. Approved the Annual Report for the 2022 Fiscal Year
       termasuk Laporan Tugas Pengawasan Komisaris                                  including    the      Commissioner's                  Supervisory            Duties
       serta mengesahkan Laporan Keuangan Perseroan                                 Report and ratify the Company's Financial Statement
       untuk Tahun Buku 2022 yang telah diaudit oleh                                for the 2022 Fiscal Year which has been audited by the
       Kantor Akuntan Publik “Amir Abadi Jusuf, Aryanto,                            Public Accounting Firm "Amir Abadi Jusuf, Aryanto,
       Mawar, & Rekan” sesuai laporannya No. 00437/2.1030/                          Mawar, & Rekan" according to report No. 00437/2.1030/
       AU.1/05/1514-2/1/IV/2023 tanggal 12 April 2023                               AU.1/05/1514-2/1/IV/2023 dated 12 April 2023 with
       dengan pendapat “Wajar Dalam Semua Hal yang                                  the opinion "Fair in all material respects, the financial
       Material, Posisi Keuangan PT Baturaja Multi Usaha                            position of PT Baturaja Multi Usaha as of 31 December
       tanggal 31 Desember 2022, serta kinerja keuangan                             2022, as well as its financial performance and cash
       dan arus kasnya untuk tahun yang berakhir pada                               flow for the year ended on that date, in accordance with
       tanggal tersebut, sesuai dengan Standar Akuntansi                            Financial Accounting Standards in Indonesia,” including
       Keuangan di Indonesia”, termasuk Penyajian Kembali                           the restatement of the Company's Financial Statements
       (restatement) Laporan Keuangan Perseroan untuk                               for the year ending on December 31, 2021;
       tahun yang berakhir pada tanggal 31 Desember 2021;
   2. Memberikan pelunasan dan pembebasan tanggung                               2. Provide full repayment and release of responsibility
       jawab sepenuhnya (vollediq acquit et de charge)                              (vollediq acquit et de charge) to the Directors and
       kepada Direktur dan Komisaris Perseroan atas                                 Commissioners of the Company for management and
       tindakan pengurusan dan pengawasan yang telah                                supervision actions that have been carried out in the
       dijalankan dalam Tahun Buku yang berakhir pada                               Fiscal Year ending on 31 December 2022 as long as
       tanggal 31 Desember 2022 sepanjang tindakan                                  these actions do not constitute criminal acts and are
       tersebut bukan merupakan tindakan pidana dan                                 reflected in the books - Company Report book, and
       tercermin dalam buku-buku Laporan Perseroan, serta                           must complete the matters as stated in the Response


                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
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                           Ikhtisar Kinerja              Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                           Performance Highlights        Management Report      Company Profile       Overview on Business Supports




      harus menyelesaikan hal-hal sebagaimana yang telah                         Letter of the Majority Shareholders Number 000126/
      disampaikan pada Surat Tanggapan Pemegang Saham                            KS.08.02/EKS/10000914/SMBR/05.2023 dated May 26,
      Mayoritas Nomor 000126/KS.08.02/EKS/10000914/                              2023, which is an inseparable part of the Shareholders'
      SMBR/05.2023 tanggal 26 Mei 2023, yang menjadi                             Decision Circularly as replacement of the Annual General
      bagian tidak terpisahkan dari Keputusan Para                               Meeting of Shareholders for the 2022 Fiscal Year of PT
      Pemegang Saham Secara Sirkuler Sebagai Pengganti                           Baturaja Multi Usaha;
      Dari Rapat Umum Para Pemegang Saham Tahunan
      Tahun Buku 2022 PT Baturaja Multi Usaha ini;
B. Bahwa para pemegang saham Perseroan:                                      B. That the Company's shareholders:
   1. Menyetujui untuk memberi wewenang dan kuasa                               1. Approved to grant authority and power to PT Semen
      kepada PT Semen Baturaja Tbk selaku Pemegang                                    Baturaja Tbk as the majority shareholder to determine
      Saham mayoritas untuk menetapkan besarnya                                       the amount of the bonus for the 2022 Fiscal Year,
      tantiem untuk Tahun Buku 2022, serta menetapkan                                 as well as determine the honorarium and facility
      honorarium, tunjangan fasilitas bagi Dewan Komisaris                            allowances for the Board of Commissioners for 2023;
      untuk tahun 2023;
   2. Memberikan wewenang dan kuasa kepada Dewan                                2. Granted the authority and power to the Board of
      Komisaris dengan terlebih dahulu mendapatkan                                    Commissioners by first obtaining written approval
      persetujuan tertulis dari PT Semen Baturaja Tbk                                 from PT Semen Baturaja Tbk as the Majority
      selaku pemegang saham Mayoritas untuk menetapkan                                shareholder to determine the bonus for the 2022
      tantiem untuk Tahun Buku 2022, serta menetapkan                                 Fiscal Year, as well as determine the salary, allowances
      gaji, tunjangan dan fasilitas bagi Direktur untuk tahun                         and facilities for the Director for 2023;
      2023;
C. Bahwa para pemegang saham Perseroan:                                      C. That the Company's shareholders:
   1. Menyetujui penunjukan Kantor Akuntan Publik Imelda                        1. Approved the appointment of the Imelda & Rekan
      & Rekan (terafiliasi dengan Deloitte) untuk melakukan                           Public Accounting Firm (affiliated with Deloitte) to
      audit umum atas laporan keuangan Perseroan Tahun                                conduct a general audit of the Company's financial
      Buku 2023 dan periode lainnya dalam Tahun Buku                                  statements for the 2023 Fiscal Year and other periods
      2023;                                                                           in the 2023 Fiscal Year;
   2. Memberikan         pelimpahan             kewenangan         Dewan        2. Granted delegation of authority to the Company's
      Komisaris Perseroan untuk menetapkan besaran                                    Board of Commissioners to determine the amount of
      imbalan jasa audit, penambahan ruang lingkup                                    compensation for audit services, additional scope of
      pekerjaan yang diperlukan dan persyaratan lainnya                               work required and other reasonable requirements for
      yang wajar bagi Kantor Akuntan Publik tersebut;                                 the Public Accounting Firm;
   3. Memberikan wewenang dan kuasa kepada Dewan                                3. Granted authority and power to the Board of
      Komisaris      dengan        terlebih         dahulu    mendapat                Commissioners by first obtaining written approval
      persetujuan tertulis dari PT Semen Baturaja Tbk                                 from PT Semen Baturaja Tbk as the Majority
      selaku Pemegang Saham Mayoritas untuk menetapkan                                Shareholder to determine the initial Public Accounting
      Kantor Akuntan Publik (KAP) awal sebagaimana poin                               Firm (KAP) as in point 1 which is appointed to audit the
      1 yang ditunjuk untuk mengaudit Laporan Keuangan                                Company's Financial Statement for the 2023 Fiscal
      Perseroan Tahun Buku 2023 karena sebab apapun                                   Year for whatever reason. can't complete the audit of
      tidak dapat menyelesaikan audit atas Laporan                                    the Financial Statement for the 2023 Fiscal Year and
      Keuangan Tahun Buku 2023 dan periode lainnya dalam                              other periods in the 2023 Fiscal Year;
      Tahun Buku 2023;




398      PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                    Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik           Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis   Good Corporate Governance                  Corporate Social and Environmental Responsibility




D. Keputusan Sirkuler Pemegang Saham ini wajib untuk                               D. This        Shareholder             Circular          Decision    must   be
   segera dilaksanakan oleh Perseroan;                                                      implemented immediately by the Company;
E. Keputusan Sirkuler ini memberikan kuasa dengan hak                              E. This Circular Decree grants power of attorney with the
   substitusi dari Pemegang Saham kepada HENDRY                                             right of substitution from Shareholders to HENDRY
   IRAWAN MANUHUTU (Direktur PT Baturaja Multi Usaha)                                       IRAWAN MANUHUTU (Director of PT Baturaja Multi
   untuk menghadap Notaris guna menyatakan isi rapat                                        Usaha) to appear before a Notary to state the contents
   ini kedalam suatu akta serta melakukan segala tindakan                                   of this meeting in a deed and to take all actions
   yang dianggap baik dan diperlukan sehubungan dengan                                      deemed appropriate and necessary in connection
   pelaksanaan keputusan ini;                                                               with the implementation of this decision;
F. Keputusan Sirkuler Pemegang Saham ini dibuat dan                                F. This Shareholder Circular Decision is made and signed
   ditandatangani para Pemegang Saham dengan dibubuhi                                       by the Shareholders with sufficient stamp duty.
   materai secukupnya.



Dewan Komisaris
Board of Commissioners

Dewan Komisaris ialah organ utama Perusahaan yang bertugas                   The Board of Commissioners is the main organ of the
dalam menjalankan fungsi pengawasan secara umum dan/                         Company which is tasked with carrying out general and/
atau khusus sesuai dengan Anggaran Dasar serta memberi                       or specific supervisory functions in accordance with the
nasihat kepada Direksi. Fokus pengawasan dan pemberian                       Articles of Association as well as providing advice to the
nasihat Dewan Komisaris atas pengelolaan Perusahaan                          Board of Directors. The focus of supervision and providing
oleh Direksi, antara lain meliputi pengawasan terhadap                       advice to the Board of Commissioners on the management of
pelaksanaan Rencana Jangka Panjang Perseroan (RJPP),                         the Company by the Board of Directors includes, among other
Rencana Kerja dan Anggaran Tahunan (RKAP) Perusahaan                         things, supervision of the implementation of the Company's
serta ketentuan Anggaran Dasar dan keputusan RUPS, serta                     Long Term Plan (RJPP), the Company's Annual Work Plan
peraturan perundang-undangan dan peraturan yang berlaku                      and Budget (RKAP) as well as the provisions of the Articles
di bidang pasar modal di Indonesia. Fokus tersebut bertujuan                 of Association and GMS decisions, as well as statutory
untuk memenuhi kepentingan Perusahaan dan sesuai dengan                      regulations and regulations that apply in the capital market
maksud dan tujuan Perusahaan serta melakukan tugas yang                      sector in Indonesia. This focus aims to fulfill the interests of
secara khusus diberikan kepadanya menurut Anggaran Dasar,                    the Company and in accordance with the aims and objectives
perundang-undangan dan/atau keputusan Rapat Umum                             of the Company as well as carrying out tasks specifically
Pemegang Saham.                                                              assigned to it according to the Articles of Association,
                                                                             legislation and/or resolutions of the General Meeting of
                                                                             Shareholders.


STRUKTUR DEWAN KOMISARIS                                                     STRUCTURE OF THE BOARD OF COMMISSIONERS
Per 31 Desember 2023, Dewan Komisaris Perusahaan terdiri                     As of December 31, 2023, the Board of Commissioners
dari 4 (empat) anggota, di mana 2 (dua) di antaranya adalah                  of the Company comprised of 4 (four) members, out of
Komisaris Independen, sehingga secara umum komposisi                         which 2 (two) were Independent Commissioners. This
tersebut telah mencerminkan persyaratan keanggotaan                          composition reflects the membership requirements of the
Dewan Komisaris yang diatur dalam Peraturan OJK No. 33/                      Board of Commissioners specified in OJK Regulation No.
POJK.04/2014 mengenai jumlah anggota Dewan Komisaris                         33/POJK.04/2014 regarding the number of members of the
Perusahaan dalam komposisi dan susunan anggota Dewan                         Company’s Board of Commissioners and their composition.
Komisaris, yang mewajibkan setidaknya 30% dari anggota                       The regulation mandates that at least 30% of the members
Dewan Komisaris merupakan Komisaris Independen.                              of the Board of Commissioners should be Independent
                                                                             Commissioners.




                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen       Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report       Company Profile           Overview on Business Supports




Adapun struktur Dewan Komisaris per 31 Desember 2023,                          The structure of the Board of Commissioners as of December
adalah sebagai berikut:                                                        31, 2023 is as follows:


                                                            ALEX ISKANDAR MUNAF
                                                          Komisaris Utama/Independen
                                                             President/Independent
                                                                 Commissioner




            HADI DARYANTO                                      INOSENTIUS SAMSUL                                      CHOWADJA SANOVA
               Komisaris                                            Komisaris                                        Komisaris Independen
             Commissioner                                         Commissioner                                     Independent Commissioner



KOMPOSISI DEWAN KOMISARIS                                                      COMPOSITION OF THE BOARD OF COMMISSIONERS
Selama tahun 2023, komposisi dan susunan Dewan Komisaris                       In 2023, the composition of the Board of Commissioners
mengalami Perusahaan mengalami perubahan berdasarkan                           underwent changes based on the Resolutions of the Annual
Keputusan RUPS Tahunan maupun RUPS Luar Biasa di tahun                         GMS and Extraordinary GMS in 2023. The following is a
2023. Berikut ini merupakan kronologis perubahan komposisi                     chronology of changes in the composition and composition
dan susunan Dewan Komisaris per 31 Desember 2023.                              of the Board of Commissioners as of December 31, 2023.


Kronologis Perubahan Komposisi Dewan Komisaris                                 Chronology of Changes in the Composition of the Board of
Sepanjang Tahun 2023                                                           Commissioners Throughout 2023
                                 Periode 24 Januari – 8              Periode 8 November - 31 Desember
  Periode 1 – 24 Januari
                                November 2023 / January               2023 / November 8-December 31,                       Keterangan / Description
 2023 / January 1-24, 2023
                                  24-November 8, 2023                              2023
Franciscus M.A Sibarani -    Franciscus M.A Sibarani -    -                                                     Tidak lagi menjabat dalam jajaran Dewan
(Komisaris Utama / President (Komisaris Utama / President                                                       Komisaris sejak 8 November 2023 / No longer
Commissioner)                Commissioner)                                                                      serves on the Board of Commissioners since
                                                                                                                November 8, 2023
Oke Nurwan - (Komisaris / -                                      -                                              Tidak lagi menjabat dalam jajaran Dewan
Commissioner)                                                                                                   Komisaris sejak 24 Januari 2023 / No longer
                                                                                                                serves on the Board of Commissioners since
                                                                                                                January 24, 2023
Darusman Mawardi - (Komisaris -                                  -                                              Tidak lagi menjabat dalam jajaran Dewan
Independen / Independent                                                                                        Komisaris sejak 24 Januari 2023 / No longer
Commissioner)                                                                                                   serves on the Board of Commissioners since
                                                                                                                January 24, 2023
                               Hadi Daryanto - (Komisaris / Hadi Daryanto - (Komisaris / Commissioner)          Menjabat dalam jajaran Dewan Komisaris
                               Commissioner)                                                                    sejak 24 Januari 2023 / Served on the Board
                                                                                                                of Commissioners since January 24, 2023
Chowadja Sanova - (Komisaris Chowadja Sanova - (Komisaris Chowadja Sanova - (Komisaris Independen /
Independen / Independent Independen / Independent Independent Commissioner)
Commissioner)                Commissioner)
                                                                 Alex Iskandar Munaf - (Komisaris Utama Menjabat dalam jajaran Dewan Komisaris
                                                                 merangkap    Komisaris  Independen   / sejak 8 November 2023 Serving on the Board
                                                                 President Commissioner and Independent of Commissioners since November 8, 2023
                                                                 Commissioner)
                                                                 Inosentius  Samsul      -     (Komisaris   / Menjabat dalam jajaran Dewan Komisaris
                                                                 Commissioner)                                sejak 8 November 2023 Serving on the Board
                                                                                                              of Commissioners since November 8, 2023




400        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                         Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                         Management Discussion and Analysis           Good Corporate Governance                   Corporate Social and Environmental Responsibility




Komposisi serta Susunan Dewan Komisaris per 31                                            Komposisi serta Susunan Dewan Komisaris per 31 Desember
Desember 2023                                                                             2023
    Nama / Name          Jabatan / Position                   Dasar Pengangkatan / Basis of Appointment                                  Periode Jabatan / Term of Office
                         Komisaris Utama/          Keputusan RUPSLB tanggal 8 November 2023 yang dinyatakan                             08 November 2023 - RUPS 2028
                            Independen             dalam Akta Notaris Aulia Taufani S.H., No. 21 tanggal 8 November                 Periode Ke-1 (Satu) / November 8, 2023 -
 Alex Iskandar Munaf        / President/           2023. / EGMS resolution dated November 8, 2023 stated in                                2028 GMS 1st Period (One)
                           Independent             Notarial Deed of Aulia Taufani S.H., No. 21 dated November 8,
                          Commissioner             2023.
                              Komisaris            Keputusan RUPS Tahunan tanggal 27 Mei 2021 yang dinyatakan            27 Mei 2021 - RUPS 2026
                           Independen /            dalam Akta Notaris Fathiah Helmi, No. 24 tanggal 27 Mei 2021 Periode Ke-1 (Satu) / May 27, 2021 - 2026 GMS
  Chowadja Sanova
                            Independent            / Decision of the Annual GMS dated 27 May 2021 as stated in                 1st Period (One)
                           Commissioner            Notarial Deed Fathiah Helmi, No. 24 dated May 27, 2021
                                                   Keputusan RUPSLB tanggal 24 Januari 2023 yang dinyatakan            24 Januari 2023 - RUPS 2028
                            Komisaris /            dalam Akta Notaris Fathiah Helmi, No. 45 tanggal 01 Februari Periode Ke-1 (Satu) / January 24, 2023 - 2028
   Hadi Daryanto
                           Commissioner            2023 / EGMS resolution dated January 24 2023 stated in Notarial                   GMS
                                                   Deed Fathiah Helmi, No. 45 dated 01 February 2023                           1st Period (One)
                                                   Keputusan RUPSLB tanggal 8 November 2023 yang dinyatakan                             08 November 2023 - RUPS 2028
                                                   dalam Akta Notaris Aulia Taufani S.H., No. 21 tanggal 8 November                 Periode Ke-1 (Satu) / November 8. 2023 -
                            Komisaris /
  Inosentius Samsul                                2023. / EGMS resolution dated November 8, 2023 stated in                                2028 GMS 1st Period (One)
                           Commissioner
                                                   Notarial Deed of Aulia Taufani S.H., No. 21 dated November 8,
                                                   2023.



Profil masing-masing Dewan Komisaris yang menjabat per                                    The profile of each Board of Commissioners serving as of
31 Desember 2023 dan sampai dengan Laporan Tahunan ini                                    December 31, 2023 and until this Annual Report is signed,
ditandatangani, telah disajikan pada Bab “Profil Perusahaan”                              has been presented in the "Company Profile" Chapter in this
dalam Laporan Tahunan ini.                                                                Annual Report.


TANGGUNG JAWAB, WEWENANG DAN                                                              RESPONSIBILITIES, AUTHORITIES AND
KEWAJIBAN                                                                                 OBLIGATIONS
Dewan Komisaris memiliki tanggung jawab, wewenang dan                                     The Board of Commissioners holds several responsibilities,
kewajiban mencakup hal-hal sebagai berikut:                                               authorities, and obligations, which can be delineated as
                                                                                          follows:


TANGGUNG JAWAB DEWAN KOMISARIS                                                            RESPONSIBILITIES OF THE BOARD OF COMMISSIONERS
1. Setiap anggota Dewan Komisaris bertanggung jawab                                       1. Each member of the Board of Commissioners is jointly and
   secara tanggung renteng atas kerugian Perusahaan yang                                        fully responsible for any losses incurred by the Company
   disebabkan oleh kesalahan atau kelalaian anggota Dewan                                       due to their mistakes or negligence in performing their
   Komisaris dalam menjalankan tugasnya.                                                        duties.
2. Anggota             Dewan          Komisaris               tidak        dapat          2. However, members of the Board of Commissioners
   dipertanggungjawabkan                atas       kerugian       Perusahaan,                   cannot be held accountable for such losses if they can
   apabila dapat membuktikan:                                                                   demonstrate that:
   a. Kerugian tersebut bukan karena kesalahan atau                                             a. The loss was not caused by their fault or negligence;
        kelalaiannya;
   b. Telah melakukan pengawasan dengan itikad baik,                                            b. Have carried out supervision in good faith, full
        penuh tanggung jawab dan kehati-hatian untuk                                                     responsibility and prudence for the benefit and in
        kepentingan dan sesuai dengan maksud dan tujuan                                                  accordance with the aims and objectives of the
        Perusahaan;                                                                                      Company;
   c. Tidak mempunyai benturan kepentingan pribadi                                              c. Have no conflict of personal interest, either directly or
        baik langsung maupun tidak langsung atas tindakan                                                indirectly, regarding supervisory actions that result in
        pengawasan yang mengakibatkan kerugian; dan                                                      losses; And
   d. Telah mengambil tindakan untuk mencegah timbul                                            d. Have taken action to prevent the occurrence or
        atau berlanjutnya kerugian tersebut.                                                             continuation of such losses.




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                            Performance Highlights        Management Report      Company Profile     Overview on Business Supports




WEWENANG DEWAN KOMISARIS                                                      AUTHORITY OF THE BOARD OF COMMISSIONERS
Dalam menjalankan tugas dan tanggung jawabnya, Dewan                          The Board of Commissioners is vested with certain powers
Komisaris memiliki kewenangan, antara lain:                                   and authorities to carry out its duties and responsibilities,
                                                                              which include:
1. Memeriksa      buku,      surat,      serta       dokumen       lainnya,   1. Examining the Company’s books, correspondence,
   memeriksa kas untuk keperluan verifikasi dan lain-lain                        and other documents, cash and other securities, and
   surat berharga dan memeriksa kekayaan Perusahaan;                             scrutinizing its assets;
2. Memasuki pekarangan, gedung, dan kantor yang                               2. Entering the premises, buildings, and offices used by the
   dipergunakan oleh Perusahaan;                                                 Company;
3. Meminta penjelasan dari Direksi dan/atau pejabat lainnya                   3. Requesting information and explanations from the Board
   mengenai segala persoalan yang menyangkut pengelolaan                         of Directors and other officials on all matters related to
   Perusahaan;                                                                   the Company’s management;
4. Mengetahui segala kebijakan dan tindakan yang telah dan                    4. Being informed of all policies and actions taken or to be
   akan dijalankan oleh Direksi;                                                 taken by the Board of Directors;
5. Meminta Direksi dan/atau pejabat lainnya di bawah Direksi                  5. Summoning the Board of Directors and other officers
   dengan sepengetahuan Direksi untuk menghadiri rapat                           with the knowledge of the Directors to attend Board of
   Dewan Komisaris;                                                              Commissioners’ meetings;
6. Mengangkat dan memberhentikan seorang Sekretaris                           6. Appointing and dismissing the Secretary of the Board of
   Dewan Komisaris;                                                              Commissioners;
7. Memberhentikan sementara Anggota Direksi sesuai                            7. Suspending members of the Board of Directors in
   dengan ketentuan Anggaran Dasar ini;                                          accordance with the provisions of the Articles of
                                                                                 Association;
8. Membentuk       Komite      Audit,        Komite      Nominasi       dan   8. Establishing committees, such as the Audit Committee,
   Remunerasi, Komite Pemantau Risiko dan komite-                                Remuneration and Nomination Committee, and Risk
   komite lain, jika dianggap perlu dengan memperhatikan                         Monitoring Committee, if deemed necessary;
   kemampuan Perusahaan;
9. Menggunakan tenaga ahli untuk hal tertentu dan dalam                       9. Engaging experts for specific matters and for a limited
   jangka waktu tertentu atas beban Perusahaan, jika                             period, at the expense of the Company, if necessary;
   dianggap perlu;
10. Melakukan tindakan pengurusan Perusahaan dalam                            10. Taking management actions for a certain period of time,
   keadaan tertentu untuk jangka waktu tertentu sesuai                           in accordance with the provisions of the Articles of
   dengan ketentuan Anggaran Dasar;                                              Association;
11. Menyetujui pengangkatan dan pemberhentian Sekretaris                      11. Approving the appointment and dismissal of the Corporate
   Perusahaan/Corporate Secretary dan/atau Kepala Satuan                         Secretary and/or Head of Internal Audit Unit;
   Pengawas Intern/Internal Audit;
12. Menghadiri rapat Direksi dan memberikan pandangan                         12. Attending Board of Directors meetings and expressing
   terhadap hal yang dibicarakan;                                                views on matters under discussion;
13. Melaksanakan        kewenangan              pengawasan          lainnya   13. Carry out other supervisory authority as long as it does
   sepanjang     tidak      bertentangan             dengan    peraturan         not conflict with statutory regulations, the Articles of
   perundang-undangan,            Anggaran            Dasar,     dan/atau        Association, and/or the General Meeting of Shareholders
   keputusan Rapat Umum Pemegang Saham.                                          Resolutions.


KEWAJIBAN DEWAN KOMISARIS                                                     OBLIGATIONS OF THE BOARD OF COMMISSIONERS
1. Melakukan      pengawasan             terhadap        Direksi     untuk    1. Supervise the Board of Directors to achieve performance
   mencapai kinerja sebagaimana tercantum dalam kontrak                          as stated in the management contract along with any
   manajemen berikut segala perubahan yang ditetapkan                            changes determined by the Board of Commissioners
   oleh Dewan Komisaris setelah mendapatkan persetujuan                          after obtaining approval from the Majority of Series B
   Pemegang Saham Seri B Terbanyak dengan tetap                                  Shareholders while still paying attention to provisions in
   memperhatikan ketentuan di bidang pasar modal;                                the capital market sector;


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                    Management Discussion and Analysis          Good Corporate Governance                Corporate Social and Environmental Responsibility




2. Memberikan nasihat kepada Direksi dalam melaksanakan                             2. Advise the Board of Directors on managing the Company;
   pengurusan Perusahaan;
3. Memberikan pendapat dan persetujuan RKAP serta                                   3. Review and approve the annual work plan (RKAP) and other
   rencana kerja lainnya yang disiapkan Direksi, sesuai                                   plans prepared by the Board of Directors, in accordance
   dengan ketentuan Anggaran Dasar. Rancangan RKAP                                        with the Articles of Association. The draft RKAP must be
   disetujui oleh Dewan Komisaris setelah mendapatkan                                     approved by the Board of Commissioners upon approval
   persetujuan dari Pemegang Saham Seri B Terbanyak                                       of the Majority Shareholder of the Series B Dwiwarna
   paling lambat 30 (tiga puluh) hari setelah tahun anggaran                              Shares within 30 days after the end of the fiscal year or
   berjalan (tahun anggaran RKAP yang bersangkutan)                                       within the time frame specified by applicable laws and
   atau dalam waktu yang ditetapkan dalam peraturan                                       regulations;
   perundang-undangan yang berlaku;
4. Mengikuti     perkembangan               kegiatan          Perusahaan,           4. Monitor the Company’s activities and provide feedback
   memberikan pendapat dan saran kepada RUPS mengenai                                     to the General Meeting of Shareholders (GMS) on
   setiap masalah yang dianggap penting bagi kepengurusan                                 any significant issues concerning the Company’s
   Perusahaan;                                                                            management;
5. Melaporkan kepada Pemegang Saham Seri A Dwiwarna                                 5. Notify the shareholders of Series A Dwiwarna Shares
   dan/atau Pemegang Saham Seri B Terbanyak apabila                                       and/or Majority Shareholder of Series B Dwiwarna Shares
   terjadi gejala menurunnya kinerja Perusahaan;                                          if there are indications of a decline in the Company’s
                                                                                          performance;
6. Mengusulkan kepada RUPS penunjukan Akuntan Publik                                6. Propose to the GMS the appointment of an independent
   yang akan melakukan pemeriksaan atas buku Perusahaan;                                  Public Accountant to audit the Company’s financial
                                                                                          statements;
7. Meneliti dan menelaah laporan berkala dan Laporan                                7. Review and analyze the periodic and annual reports
   Tahunan yang disiapkan Direksi serta menandatangani                                    prepared by the Board of Directors and sign the annual
   Laporan Tahunan;                                                                       report;
8. Memberikan penjelasan, pendapat dan saran kepada                                 8. Provide explanations, opinions, and suggestions to the
   RUPS mengenai Laporan Tahunan, apabila diminta;                                        GMS on the annual report when requested;
9. Membuat risalah rapat Dewan Komisaris dan menyimpan                              9. Prepare the minutes of the Board of Commissioners’
   salinannya;                                                                            meetings and keep copies;
10. Melaporkan kepada Perusahaan mengenai kepemilikan                               10. Disclose to the Company any share ownership by
   sahamnya dan/atau keluarganya pada Perusahaan                                          themselves or their family members in the Company or
   tersebut dan perusahaan lain;                                                          other companies;
11. Memberikan laporan tentang tugas pengawasan yang                                11. Report on the supervisory activities carried out during
   telah dilakukan selama tahun buku yang baru lampau                                     the previous financial year to the GMS.;
   kepada RUPS;
12. Memberikan    penjelasan         tentang         segala     hal    yang         12. Respond to questions or requests from the shareholders
   ditanyakan atau yang diminta pemegang saham Seri A                                     of Series A Dwiwarna Shares and/or Majority Shareholder
   Dwiwarna dan/atau Pemegang Saham Seri B Terbanyak                                      of Series B Dwiwarna Shares in compliance with applicable
   dengan memperhatikan peraturan perundang-undangan                                      laws and regulations in the Capital Market;
   khususnya yang berlaku di bidang Pasar Modal;
13. Melaksanakan kewajiban lainnya dalam rangka tugas                               13. Fulfill other supervisory and advisory obligations that do
   pengawasan dan pemberian nasihat, sepanjang tidak                                      not conflict with the Articles of Association, resolutions
   bertentangan dengan peraturan perundang-undangan,                                      of the GMS, and applicable laws and regulations;
   anggaran dasar, dan/atau keputusan RUPS;
14. Menyampaikan laporan triwulanan mengenai kinerja                                14. Submit quarterly reports on the Company’s performance,
   termasuk realisasi indikator kinerja utama kepada                                      including the realization of key performance indicators,
   Pemegang Saham Seri A Dwiwarna dan/atau Pemegang                                       to the shareholders of Series A Dwiwarna Shares and/or
   Saham Seri B Terbanyak;                                                                Series B Dwiwarna Shares;




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                              Performance Highlights       Management Report       Company Profile     Overview on Business Supports




15. Menyusun pedoman dan tata tertib kerja Dewan Komisaris                      15. Develop the Board Manual and the Board of Commissioners’
   (Piagam Dewan Komisaris);                                                       procedures (Charter of the Board of Commissioners);
16. Dewan Komisaris wajib menyusun program kerja Dewan                          16. Prepare a work program for the Board of Commissioners
   Komisaris yang menjadi bagian yang tidak terpisahkan                            that is an integral part of the RKAP prepared by the Board
   dari RKAP yang disusun oleh Direksi;                                            of Directors;
17. Memberikan nasihat kepada Direksi dalam menjalankan                         17. Provide guidance to the Board of Directors to ensure
   Perusahaan untuk menerapkan GCG secara konsisten                                that the Company consistently implements good
   dan memiliki moral tinggi dalam berusaha serta bertindak                        corporate governance practices and works with high
   sesuai dengan ketentuan Anggaran Dasar dan Peraturan                            ethical standards, while complying with the Articles of
   perundang-undangan yang berlaku;                                                Association and applicable laws and regulations;
18. Memantau dan memastikan bahwa GCG telah diterapkan                          18. Monitor and ensure the effective and sustainable
   secara efektif dan berkelanjutan.                                               implementation of good corporate governance practices;
19. Melakukan pengawasan terhadap efektivitas penerapan                         19. Supervise the effectiveness of the internal control system,
   sistem pengendalian internal, manajemen risiko, tata                            risk management, corporate governance, whistleblowing
   kelola    perusahaan,         sistem        pelaporan     pelanggaran           system, anti-bribery management system, and the
   (whistleblowing        system),        sistem       manajemen         anti      implementation of the Gratuity Control Program in the
   penyuapan         (SMAP)         dan         pelaksanaan       Program          Company.
   Pengendalian Gratifikasi di Perusahaan.


Dalam melaksanakan tugasnya tersebut setiap Anggota                             To effectively carry out their duties, each member of the
Dewan Komisaris harus:                                                          Board of Commissioners must:
1. Mematuhi Anggaran Dasar dan peraturan perundang-                             1. Adhere to the Articles of Association and the prevailing
   undangan serta peraturan yang berlaku di bidang Pasar                           laws and regulations governing the capital market sector
   Modal di Indonesia serta prinsip-prinsip profesionalisme,                       in Indonesia, as well as principles of professionalism,
   efisiensi,     transparansi,         kemandirian,       akuntabilitas,          efficiency, transparency, independence, accountability,
   pertanggungjawaban, serta kewajaran.                                            responsibility, and fairness.
2. Beritikad baik, penuh kehati-hatian dan bertanggung                          2. Perform supervisory duties and provide advice to the
   jawab dalam menjalankan tugas pengawasan dan                                    Board of Directors in good faith, exercising prudence
   pemberian nasihat kepada Direksi untuk kepentingan                              and a sense of responsibility in the best interest of the
   Perusahaan dan sesuai dengan maksud dan tujuan                                  Company and aligned with its objectives.
   Perusahaan.


Dewan Komisaris dilarang melakukan tindakan sebagai                             The Board of Commissioners is strictly prohibited from
berikut:                                                                        engaging in the following actions:
1. Anggota Dewan Komisaris tidak diperbolehkan untuk                            1. Members of the Board of Commissioners must not engage
   melakukan tindakan Korupsi, Kolusi dan Nepotisme serta                          in any form of corruption, collusion, nepotism, or gratuity.
   Gratifikasi dan Suap.
2. Tidak menerima, memberi dan meminta sesuatu                                  2. Members of the Board of Commissioners must not accept,
   dari dan/atau kepada pihak manapun yang terkait                                 give, or request anything from any party related to their
   dengan jabatannya yang berlawanan dengan kebijakan                              position that contradicts Company policy.
   Perusahaan.
3. Tidak melakukan tindakan kecurangan baik secara                              3. Members of the Board of Commissioners must not engage
   individu maupun dengan pihak manapun yang melawan                               in fraudulent activities, whether individually or with any
   hukum dan/atau yang dapat merugikan Perusahaan.                                 party, that are illegal and/or harmful to the Company.




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                        Management Discussion and Analysis          Good Corporate Governance                   Corporate Social and Environmental Responsibility




4. Tidak       membuat             kepentingan               sendiri       yang         4. Members of the Board of Commissioners must not engage
   menyalahgunakan wewenang kesempatan, posisi dan                                            in activities that would create their own interests, abuse
   fasilitas Perusahaan yang akan menyebabkan kerugian                                        the authority of their position, or misuse the facilities of
   bagi Perusahaan.                                                                           the Company that would cause losses to the Company.
5. Anggota Dewan Komisaris dilarang melakukan rangkap                                   5. Members of the Board of Commissioners are prohibited
   jabatan sebagai:                                                                           from holding:
   a. Anggota Dewan Komisaris dilarang memangku                                               a. Members of the Board of Commissioners are prohibited
        jabatan rangkap sebagai Anggota Direksi pada BUMN,                                             from holding concurrent positions as members
        Badan Usaha Milik Daerah (BUMD), Badan Usaha                                                   of the Board of Directors in SOE, Regional-Owned
        Milik Swasta kecuali anggota Direksi pada Badan                                                Enterprises       (BUMD),           Private-Owned            Enterprises
        Usaha Milik Negara sebagai Pemegang Saham Seri B                                               except for members of the Board of Directors in
        Terbanyak Perseroan;                                                                           State-Owned Enterprises as the Company's Majority
                                                                                                       Series B Shareholders;
   b. Pengurus Partai Politik dan/atau calon/anggota DPR,                                     b. Political Party Administrators and/or candidates/
        DPD, DPRD Tingkat I dan DPRD Tingkat II dan/atau                                               members of the DPR, DPD, DPRD Level I and DPRD
        Calon Kepala Daerah/Wakil Kepala Daerah;                                                       Level II and/or Candidates for Regional Heads/Deputy
                                                                                                       Regional Heads;
   c. Jabatan lainnya sesuai dengan ketentuan dalam                                           c. Other positions in accordance with provisions in the
        peraturan perundang-undangan; dan/atau;                                                        laws and regulations; and/or;
   d. Jabatan          yang     dapat         menimbulkan              benturan               d. Positions that could give rise to conflicts of interest
        kepentingan dengan BUMN yang bersangkutan.                                                     with the SOE in question.


TUGAS MASING-MASING DEWAN KOMISARIS                                                     DUTIES OF EACH MEMBER OF THE BOARD OF COMMISSIONERS
Pembagian tugas antara anggota Dewan Komisaris dilakukan                                Each member of the Board of Commissioners has been
dengan memperhatikan kompetensi dan latar belakang                                      assigned specific duties and responsibilities based on
masing-masing anggota Dewan Komisaris yang diatur dalam                                 their expertise and experience. The Decree of the Board
Surat Keputusan Dewan Komisaris No. SK-11/DK-SB/XI/2023                                 of Commissioners No. SK-11/DK-SB/XI/2023, issued on
tanggal 23 November 2023 tentang Pembagian Tugas                                        November 23, 2023, outlines the distribution of these duties.
Anggota-Anggota Dewan Komisaris PT Semen Baturaja Tbk.                                  The following is a list of the duties and responsibilities of each
Berikut tugas dan tanggung jawab masing-masing Dewan                                    Board of Commissioner member for PT Semen Baturaja Tbk, .
Komisaris:
   Nama / Name          Jabatan / Position                                                                Tugas / Duties
                                                  1. Mereviu, memberikan tanggapan dan meminta tanggapan anggota Dewan Komisaris lainnya atas hasil
                                                     evaluasi, pendapat dan saran yang disampaikan oleh anggota Dewan Komisaris dalam bidang masing-masing.
                                                     / Reviewing, providing feedback, and soliciting comments from other Board of Commissioners members
                                                     on evaluation results, opinions, and suggestions submitted by each member in their respective areas of
                        Komisaris Utama/
                                                     expertise.
                           Independen
                                                  2. Mengintegrasikan hasil evaluasi, pendapat dan saran yang disampaikan oleh anggota Dewan Komisaris
 Alex Iskandar Munaf       / President/
                                                     dalam bidang masing-masing menjadi kebijakan dan/atau dasar bagi Dewan Komisaris dalam pengambilan
                          Independent
                                                     keputusan. / Integrating evaluation results, opinions, and suggestions submitted by each member into
                         Commissioner
                                                     policies and/or decision-making processes for the Board of Commissioners
                                                  3. Melakukan tinjauan langsung ke lapangan guna memantau dan memastikan rencana kerja perusahaan
                                                     berjalan sesuai dengan target yang telah ditetapkan. / Conducting on-site visits to monitor and ensure that
                                                     the company is executing its work plan in accordance with the established targets.




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                            Performance Highlights          Management Report           Company Profile          Overview on Business Supports




  Nama / Name         Jabatan / Position                                                            Tugas / Duties
                                                Bidang Pengelolaan dan Kinerja Keuangan, Pengawasan Internal, Investasi, serta Pendanaan / Fields of Financial
                                                Management and Performance, Internal Supervision, Investment and Funding
                                                1. Melakukan evaluasi atas kinerja Perseroan terutama namun tidak terbatas pada bidang pengelolaan dan
                                                   kinerja keuangan, pengawasan internal, investasi serta pendanaan. / Evaluate the Company’s performance,
                                                   especially but not limited to the areas of financial management and performance, internal control, investment
                                                   and funding.
                                                2. Memberikan tanggapan, pendapat dan saran-saran kepada Direksi terutama namun tidak terbatas pada
                                                   bidang pengelolaan dan kinerja keuangan, pengawasan internal, investasi serta pendanaan. / Provide
                                                   feedback, opinions and suggestions to the Board of Directors, especially but not limited to the areas of
                                                   financial management and performance, internal control, investment and funding.
                           Komisaris
                                                3. Apabila diperlukan, dapat melakukan tinjauan langsung ke lapangan guna memantau dan memastikan pada: /
                        Independen /
 Chowadja Sanova                                   If necessary, can carry out direct visits to the field to monitor and ensure:
                         Independent
                                                   a. Pengelolaan dan kinerja keuangan yang meliputi pendanaan baik untuk modal kerja maupun investasi,
                        Commissioner
                                                       penempatan dana, program efisiensi biaya; / Financial management and performance which includes
                                                       funding for both working capital and investment, fund placement, cost efficiency programs;
                                                   b. Pengawasan internal terkait: efisiensi dan efektivitas produksi; penyajian laporan keuangan yang dapat
                                                       dipertanggungjawabkan; dan ketaatan terhadap undang-undang dan aturan yang berlaku; / Internal
                                                       supervision related to: production efficiency and effectiveness; presentation of accountable financial
                                                       reports; and compliance with applicable laws and regulations;
                                                   c. Bidang investasi dan pendanaan terkait perencanaan, pelaksanaan dan evaluasi program; / ields of
                                                       investment and funding related to planning, implementation and evaluation of programs;
                                                4. Melaksanakan penugasan lain yang disepakati bersama dalam Rapat Dewan Komisaris / Carry out other
                                                assignments mutually agreed upon at the Board of Commissioners Meeting
                                                Bidang Perencanaan dan Manajemen Risiko, Produksi dan Supply Chain / Risk Planning and Management,
                                                Production and Supply Chain
                                                1. Melakukan evaluasi atas kinerja Perseroan terutama namun tidak terbatas pada bidang Perencanaan dan
                                                   Manajemen Risiko, Produksi dan Supply Chain. /Evaluate the Company’s performance, especially but not
                                                   limited to the areas of Risk Planning and Management, Production and Supply Chain.
                                                2. Memberikan tanggapan, pendapat dan saran-saran kepada Direksi terutama namun tidak terbatas pada
                                                   bidang Perencanaan dan Manajemen Risiko, Produksi dan Supply Chain. / Provide feedback, opinions and
                                                   suggestions to the Board of Directors, especially but not limited to the areas of Risk Planning and Management,
                                                   Production and Supply Chain.
                                                3. Apabila diperlukan, dapat melakukan tinjauan langsung ke lapangan guna memantau dan memastikan pada: /
                                                   If necessary, can carry out direct visits to the field to monitor and ensure:
                         Komisaris /               a. Bidang perencanaan strategis terkait pelaksanaan strategi perusahaan sesuai dengan RJPP dan RKAP
  Hadi Daryanto
                        Commissioner                   termasuk pengalokasian sumber daya yang dibutuhkan untuk mencapai tujuan perusahaan; / The field
                                                       of strategic planning is related to the implementation of company strategy in accordance with RJPP and
                                                       RKAP including allocating the resources needed to achieve company goals;
                                                   b. Bidang manajemen risiko terkait perencanaan, pelaksanaan dan evaluasi program; / The area of risk
                                                       management related to planning, implementation and evaluation of programs;
                                                   c. Bidang produksi terkait: kehandalan teknologi, peralatan fasilitas dan proses produksi; / Related
                                                       production areas: technological reliability, facility equipment and production processes;
                                                   d. Bidang supply chain terkait: pengadaan terkait ketersediaan bahan baku dan bahan penolong, transportasi,
                                                       dan distribusi produk; / Related supply chain areas: procurement related to the availability of raw materials
                                                       and auxiliary materials, transportation and product distribution;
                                                4. Melaksanakan penugasan lain yang disepakati bersama dalam Rapat Dewan Komisaris / Carry out other
                                                   assignments mutually agreed upon at the Board of Commissioners Meeting
                                                Bidang Legal, Pengelolaan SDM, Umum dan TJSL / Fields of Legal, HR Management, General and TJSL
                                                1. Melakukan evaluasi atas kinerja Perseroan terutama namun tidak terbatas pada bidangLegal, Pengelolaan
                                                   SDM, Umum dan TJSL. / Evaluate the Company’s performance, especially but not limited to the fields of Legal,
                                                   HR Management, General Affairs and TJSL.
                                                2. Memberikan tanggapan, pendapat dan saran-saran kepada Direksi terutama namun tidak terbatas pada
                                                   bidang Legal, Pengelolaan SDM, Umum dan TJSL. / Provide feedback, opinions and suggestions to the Board
                                                   of Directors, especially but not limited to the fields of Legal, HR Management, General Affairs and TJSL.
                                                3. Apabila diperlukan, dapat melakukan tinjauan langsung ke lapangan guna memantau dan memastikan pada: /
                                                   If necessary, can carry out direct visits to the field to monitor and ensure:
                                                   a. Pengelolaan legal terkait internal maupun eksternal perusahaan antara lain mengenai perjanjian, kontrak,
                                                       dan lain sebagainya, tetap dalam jalur yang benar; / Legal management related to internal and external
                                                       companies, including agreements, contracts, etc., remains on the right track;
                         Komisaris /               b. Pengelolaan SDM meliputi rekrutmen, diklat, pengembangan, karir sampai dengan pensiun, talent, dan
Inosentius Samsul
                        Commissioner                   hubungan industrial serta efektivitas struktur organisasi; / HR management includes recruitment, training,
                                                       development, career up to retirement, talent, and industrial relations as well as the effectiveness of the
                                                       organizational structure;
                                                   c. Pengelolaan umum terkait kerumahtanggan meliputi pengadaan barang dan jasa, perlengkapan, persediaan
                                                       dan pengelolaan aset; / General management related to household matters includes procurement of goods
                                                       and services, equipment, supplies and asset management;
                                                   d. Pengelolaan TJSL meliputi perencanaan, pelaksanaan dan evaluasi program perusahaan sejalan dengan
                                                       SDG dan konsep ESG; / TJSL management includes planning, implementing and evaluating company
                                                       programs in line with SDG and ESG concepts;
                                                   e. serta menyampaikan laporan hasil peninjauan kepada Dewan Komisaris / nd submit a report on the results
                                                       of the review to the Board of Commissioners
                                                4. Melaksanakan penugasan lain yang disepakati bersama dalam Rapat Dewan Komisaris / Carry out other
                                                   assignments mutually agreed upon at the Board of Commissioners Meeting




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                    Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




PEDOMAN DEWAN KOMISARIS (BOARD                                               BOARD CHARTER/MANUAL
CHARTER/MANUAL)
Per 31 Desember 2023, Perusahaan belum memiliki Piagam                       Per As of December 31, 2023, the Company has not yet to
(Charter) Dewan Komisaris. Pelaksanaan fungsi Dewan                          establish a Board of Commissioners charter. However, the
Komisaris mengacu pada Board Manual yang merupakan                           Company has developed a Board Manual to guide the Board
petunjuk tata laksana tugas dan wewenang Dewan                               of Commissioners in carrying out their functions and roles
Komisaris dalam tugas pengawasan dan pemberian nasihat                       in overseeing and advising the Board of Directors on policies
kepada Direksi terkait kebijakan dan jalannya pengurusan                     and the management of the Company.
Perusahaan.


Board Manual memuat kumpulan dari prinsip- prinsip hukum                     The Board Manual is a compilation of legal principles and
korporasi dan ketentuan yang mengacu pada peraturan                          provisions related to the laws and regulations, the Articles
perundang-undangan, Anggaran Dasar maupun peraturan                          of Association, and the Company’s regulations governing the
Perusahaan yang mengatur mengenai tata kerja Dewan                           working procedures of the Board of Commissioners.
Komisaris.


Board Manual terakhir diperbarui pada 28 Desember 2021.                      The latest update to the Board Manual was made on
Penyusunan Board Manual Dewan Komisaris disesuaikan                          December 28, 2021. The preparation of the Board Manual for
dengan ketentuan dan peraturan perundang-undangan yang                       the Board of Commissioners adheres to the applicable laws
berlaku.                                                                     and regulations.


BOARD MANUAL BAGI DEWAN KOMISARIS                                            BOARD MANUAL FOR THE BOARD OF COMMISSIONERS
Dewan Komisaris membutuhkan pedoman yang dijadikan                           The Board of Commissioners need guidelines that serve as a
sebagai acuan dalam pengurusan Perusahaan agar sesuai                        reference in managing the Company so that it is in line with
dengan tujuan serta kepatuhan terhadap ketentuan yang                        its objectives and in compliance with applicable regulations.
berlaku. Hubungan antar Dewan Komisaris dan Direksi dalam                    The relationship between the Board of Commissioners and
sistem tata hukum Indonesia merupakan hubungan yang                          Directors in the Indonesian legal system is a relationship
berdasarkan prinsip two tiers system. Hal tersebut memiliki                  based on the two tiers system principle. This means that there
arti bahwa terdapat pemisahan tugas dan kewajiban yang                       is a clear separation of duties and obligations regarding the
tegas mengenai Perusahaan, yakni dipimpin dan dikelola oleh                  Company, namely that it is led and managed by the Board of
Direksi, sedangkan Dewan Komisaris melakukan pengawasan                      Directors, while the Board of Commissioners supervises and
dan pemberian nasihat terhadap tindakan yang dilakukan                       provides advice on actions taken by the Board of Directors.
Direksi.


Keduanya mempunyai tanggung jawab untuk memelihara                           Both have the responsibility to maintain the company's
kesinambungan usaha perusahaan dalam jangka panjang.                         business continuity in the long term. Therefore, it is necessary
Oleh karena itu perlu adanya kejelasan sistem dan struktur                   to have a clear system and structure regarding relationships
menyangkut hubungan antar Organ Perusahaan dengan                            between Company Organs guided by the principles of Good
berpedoman pada prinsip-prinsip Good Corporate Governance                    Corporate Governance (GCG). The functions, duties and work
(GCG). Fungsi, tugas dan hubungan kerja masing-masing                        relationships of each Company Organ are clearly defined and
Organ Perusahaan didefinisikan secara jelas dan dijalankan                   carried out consistently.
dengan konsisten.


Board Manual merupakan kesepakatan bersama Dewan                             The Board Manual is a joint agreement between the Board
Komisaris dalam menjalankan fungsi dan peran jabatannya                      of Commissioners in carrying out the functions and roles
sebagai pengemban amanat Perusahaan sesuai peraturan                         of their positions as bearers of the Company's mandate in
dan perundang-undangan yang berlaku. Board Manual                            accordance with applicable laws and regulations. The Board
merupakan salah satu perangkat GCG yang mengacu pada                         Manual is a GCG tool that refers to the Articles of Association
Anggaran Dasar serta dasar-dasar hukum yang berlaku.                         and applicable legal bases.


                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan           Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report      Company Profile             Overview on Business Supports




Adapun tujuan penyusunan Board Manual adalah sebagai                           The objectives of preparing the Board Manual are as follows:
berikut:
1. Menjadi Pedoman umum bagi Dewan Komisaris dalam                             1. Providing             general      guidelines          for   the   Board    of
    menjalankan fungsi dan peran jabatannya dalam                                 Commissioners to carry out their functions and roles
    organisasi PT Semen Baturaja Tbk.                                             within PT Semen Baturaja Tbk.
2. Menjabarkan berbagai hal mengenai pelaksanaan, tugas,                       2. Describing various matters related to the implementation,
    wewenang, tanggung jawab, hak dan kewajiban serta tata                        duties,             authorities,      responsibilities,        rights,     and
    hubungan Direksi dengan Dewan Komisaris.                                      obligations, as well as the relationship between the Board
                                                                                  of Directors and the Board of Commissioners.
3. Menerapkan asas-asas Good Corporate Governance                              3. Applying the principles of Good Corporate Governance
    (GCG) yakni Transparency, Accountability, Responsibility,                     (GCG), namely transparency, accountability, responsibility,
    Independency dan Fairness.                                                    independence, and fairness.


Board Manual Dewan Komisaris memuat:                                           The Board of Commissioners Manual contains:
1. Komposisi Dewan Komisaris.                                                  1. Composition of the Board of Commissioners.
2. Fungsi Dewan Komisaris.                                                     2. Function of the Board of Commissioners.
3. Persyaratan Dewan Komisaris.                                                3. Requirements of the Board of Commissioners.
4. Keanggotaan Dewan Komisaris.                                                4. Membership of the Board of Commissioners.
5. Lowong Jabatan Dewan Komisaris.                                             5. Available Positions in the Board of Commissioners
6. Tugas, Wewenang dan Kewajiban Dewan Komisaris.                              6. Duties, Authorities and Obligations of the Board of
                                                                                  Commissioners.
7. Pembagian Kerja Dewan Komisaris.                                            7. Division of Duties of the Board of Commissioners.
8. Rangkap Jabatan.                                                            8. Concurrent Positions.
9. Rapat Dewan Komisaris.                                                      9. Meetings of the Board of Commissioners.
10. Pelaporan Dewan Komisaris                                                  10. Board of Commissioners Report.
11. Organ Pendukung Dewan Komisaris.                                           11. Supporting Organs of the Board of Commissioners.
12. Kerahasiaan.                                                               12. Confidentiality.
13. Peningkatan Kompetensi.                                                    13. Competency Development.
14. Evaluasi Kinerja Dewan Komisaris dan Anggota Dewan                         14. Performance Assessment of the Board of Commissioners
    Komisaris.                                                                    and Members of the Board of Commissioners.
15. Nilai-Nilai.                                                               15. Values.
16. Etika Jabatan Anggota Dewan Komisaris.                                     16. Work Ethics of Member of the Board of Commissioners.


PENGANGKATAN DAN PEMBERHENTIAN DEWAN                                           APPOINTMENT AND DISMISSAL OF THE BOARD
KOMISARIS                                                                      OF COMMISSIONERS
Pengangkatan ataupun pemberhentian Dewan Komisaris                             The appointment or dismissal of the Board of Commissioners
dilakukan melalui mekanisme yang diatur dalam Peraturan                        is carried out through the mechanism regulated in the
Menteri BUMN Nomor PER-3/MBU/03/2023 Tahun 2023                                Minister of BUMN Regulation Number PER-3/MBU/03/2023
tentang Organ dan Sumber Daya Manusia Badan Usaha Milik                        of 2023 concerning Organs and Human Resources of State-
Negara.                                                                        Owned Enterprises.


Regulasi menegaskan bahwa anggota Dewan Komisaris                              The regulations confirm that members of the Board of
diangkat dan diberhentikan oleh RUPS yang dihadiri dan                         Commissioners are appointed and dismissed by the GMS
disetujui oleh Pemegang Saham Seri A Dwiwarna. Para                            which is attended and approved by the Series A Dwiwarna
Anggota Dewan Komisaris diangkat oleh RUPS dari calon yang                     Shareholders. The members of the Board of Commissioners
diajukan oleh Pemegang Saham Seri A Dwiwarna, pencalonan                       are appointed by the GMS from candidates proposed by Series
mana mengikat bagi RUPS.                                                       A Dwiwarna Shareholders, whose nominations are binding on
                                                                               the GMS.




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                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance             Corporate Social and Environmental Responsibility




Ketentuan tersebut juga berlaku untuk RUPS yang diadakan                      These provisions also apply to GMS held in order to revoke
dalam rangka mencabut atau menguatkan keputusan                               or confirm the decision to temporarily dismiss a member of
pemberhentian sementara anggota Direksi oleh Dewan                            the Board of Directors by the Board of Commissioners. The
Komisaris. Keputusan RUPS mengenai pengangkatan dan                           GMS decision regarding the appointment and dismissal of
pemberhentian anggota Dewan Komisaris juga menetapkan                         members of the Board of Commissioners also determines
saat mulai berlakunya pengangkatan dan pemberhentian. Jika                    when the appointment and dismissal will take effect. If the
RUPS tidak menetapkan, pengangkatan dan pemberhentian                         GMS does not determine, the appointment and dismissal
anggota Dewan Komisaris mulai berlaku sejak penutupan                         of members of the Board of Commissioners will take effect
RUPS. Anggota Dewan Komisaris dapat diangkat kembali oleh                     from the closing of the GMS. Members of the Board of
RUPS untuk 1 (satu) kali masa jabatan.                                        Commissioners can be reappointed by the GMS for 1 (one)
                                                                              term of office.


PROGRAM ORIENTASI/PENGENALAN                                                  INTRODUCTORY/ORIENTATION PROGRAM
PERUSAHAAN BAGI DEWAN KOMISARIS BARU                                          FOR NEW MEMBERS OF THE BOARD OF
                                                                              COMMISSIONERS
Untuk memberikan gambaran mengenai Perusahaan yang                            To provide an overview of the Company relating to objectives,
berkaitan dengan tujuan, sifat dan lingkup kegiatan, kinerja                  nature and scope of activities, financial and operational
keuangan dan operasi, strategi, rencana usaha jangka                          performance, strategy, short and long term business plans,
pendek dan jangka panjang, posisi kompetitif, risiko dan                      competitive position, risks and other strategic issues, the
masalah-masalah strategis lainnya, Perusahaan memiliki                        Company has an orientation or introduction program for the
program orientasi atau pengenalan bagi Dewan Komisaris                        Board of Commissioners new. The implementation of this
baru. Pelaksanaan program ini diatur dalam Surat Keputusan                    program is regulated in the Directors' Decree concerning
Direksi tentang Pedoman Program Pengenalan Direksi dan                        Guidelines for the Company's Introduction to New Directors
Dewan Komisaris Baru Perusahaan.                                              and Board of Commissioners Program.


Tanggung jawab pelaksanaan program pengenalan ini berada                      The responsibility for implementing this induction program
pada Corporate Secretary atau siapapun yang menjalankan                       lies with the Corporate Secretary or anyone who carries out
fungsi sebagai Corporate Secretary. Adapun dokumen-                           the function of Corporate Secretary. The other supporting
dokumen penunjang lain yang disampaikan Perusahaan,                           documents submitted by the Company include:
antara lain:
1. Laporan tahunan                                                            1. Annual reports;
2. Rencana Kerja dan Anggaran Perusahaan (RKAP);                              2. Company Work Plan and Budget;
3. Rencana Jangka Panjang Perusahaan (RJPP);                                  3. Company Long-Term Plans;
4. Anggaran Dasar Perusahaan;                                                 4. Company Articles of Association;
5. Board Manual;                                                              5. Board Manual;
6. Pedoman GCG;                                                               6. GCG Guidelines;
7. Standar Etika Perusahaan;                                                  7. Company Code of Conduct;
8. Program Kerja Dewan Komisaris dan Komite Penunjang                         8. Work Program of the Board of Commissioners and
   Dewan Komisaris;                                                                 Supporting Committees of the Board of Commissioners;
9. Charter Dewan Komisaris;                                                   9. Charter of the Board of Commissioners;
10. Charter Direksi dan Charter Komite Penunjang Dewan                        10. Charter of the Board of Directors and Charter of
   Komisaris; dan                                                                   Supporting Committees of the Board of Directors;
11. Peraturan-peraturan yang terkait dengan pelaksanaan                       11. Regulations related to the implementation of duties of
   tugas Dewan Komisaris; dan                                                       the Board of Commissioners;
12. Peraturan-peraturan yang terkait dengan pelaksanaan                       12. Regulations related to the implementation of the duties
   tugas Dewan Komisaris.                                                           of the Board of Commissioners.




                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 412
                               Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan           Tinjauan Unit Pendukung Bisnis
                               Performance Highlights         Management Report      Company Profile             Overview on Business Supports




Selain itu, program pengenalan ini juga dapat berupa                              Furthermore,           the     introduction              program   may   take
presentasi, pertemuan, kunjungan ke Perusahaan dan                                different forms such as presentations, meetings, visits
pengkajian dokumen atau program lainnya yang dianggap                             to companies, review of documents or other appropriate
sesuai dengan Perusahaan di mana program tersebut                                 programs, depending on the company where the program is
dilaksanakan.                                                                     implemented.


Di   tahun     2023,      Perusahaan            melaksanakan         program      In 2023, the Company implemented a Company recognition
pengenalan       Perusahaan         dikarenakan           terdapat      Dewan     program due to the presence of a new Board of Commissioners,
Komisaris baru, yaitu pada:                                                       such as:
1. Pengenalan          perusahaan             untuk        Hadi      Daryanto     1. Company introduction for Hadi Daryanto on March 8,
     dilaksanakan pada 8 Maret 2023.                                                 2023.
2. Pengenalan         perusahaan          untuk         Inosentius     Samsul     2. Company introduction for Inosentius Samsul on November
     dilaksanakan pada 10 November 2023.                                             10, 2023.
3. Pengenalan perusahaan untuk Alex Iskandar Munaf                                3. Company introduction for Alex Iskandar Munaf on
     dilaksanakan pada 13 November 2023.                                             November 13, 2023.


PROGRAM KERJA DEWAN KOMISARIS                                                     WORK PROGRAM OF THE BOARD OF
                                                                                  COMMISSIONERS
Dalam menjalankan fungsinya, Dewan Komisaris mengacu                              When carrying out its duties, the Board of Commissioners
pada pedoman pelaksanaan kerja untuk menciptakan                                  follows a set of guidelines to ensure the efficient, effective,
pelaksanaan tugas dan tanggung jawab pengawasan                                   transparent, competent, independent, and accountable
Perusahaan agar lebih efisien, efektif, transparan, kompeten,                     execution of its supervisory responsibilities. These guidelines
independen dan dapat dipertanggungjawabkan, yang disusun                          are prepared based on the Company’s Articles of Association
berdasarkan Anggaran Dasar Perusahaan serta sejumlah                              and relevant laws and regulations, which include:
peraturan perundang-undangan terkait, meliputi:
1. Undang-Undang No. 40 tahun 2007 tentang Perseroan                              1. Law No. 40 of 2007 on Limited Liability Companies.
     Terbatas.
2. Undang-Undang No. 19 tahun 2003 tentang BUMN.                                  2. Law No. 19 of 2003 on SOE.
3. Peraturan Menteri Negara Badan Usaha Milik Negara No.                          3. Regulation of the Minister of State for State-Owned
     PER-2/MBU/03/2023 tentang Pedoman Tata Kelola dan                               Enterprises           No.       PER-2/MBU/03/2023               concerning
     Kegiatan Korporasi Signifikan Badan Usaha Milik Negara.                         Guidelines for Governance and Significant Corporate
                                                                                     Activities of State-Owned Enterprises.
4. Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014                           4. Regulation of the Financial Services Authority No. 33/
     tentang Direksi dan Dewan Komisaris Emiten atau                                 POJK.04/2014 on the Board of Directors and the Board
     Perusahaan Publik.                                                              Commissioners of Issuers or Public Companies.
5. Pedoman Umum GCG Indonesia dari Komite Nasional                                5. General Guidelines of Indonesia’s GCG from the 2006
     Kebijakan Governansi (KNKG) 2021.                                               National Committee of Governance Policy (KNKG).


Penyusunan pedoman pelaksanaan kerja tersebut sebagai                             Preparation of the work implementation guidelines as a
acuan pelaksanaan tugas dan tanggung jawab pengawasan                             reference for the implementation of duties and responsibilities
Perusahaan secara efisien, efektif, transparan, kompeten,                         of the Company’s supervision in an efficient, effective,
independen, dan dapat dipertanggungjawabkan sesuai                                transparent, competent, independent and accountable
dengan peraturan perundang-undangan yang berlaku.                                 manner in accordance with applicable laws and regulations.
Cakupan Pedoman Kerja Dewan Komisaris terdiri atas:                               The scope of the Board of Commissioners’ Charter includes:




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                      Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis   Good Corporate Governance                   Corporate Social and Environmental Responsibility




1. Komposisi, pengangkatan, pemberhentian serta masa                           1. The composition, appointment, dismissal, and term of
   jabatan Dewan Komisaris;                                                          office of Board of Commissioners positions;
2. Nominasi dan persyaratan keanggotaan Dewan Komisaris;                       2. Nomination and membership requirements for the Board
                                                                                     of Commissioners;
3. Program pengenalan anggota Dewan Komisaris;                                 3. An introductory program for new members of the Board
                                                                                     of Commissioners;
4. Tugas, tanggung jawab, wewenang dan pendelegasian                           4. The duties, responsibilities, authorities, and delegated
   wewenang Dewan Komisaris;                                                         authorities of the Board of Commissioners;
5. Komite penunjang Dewan Komisaris;                                           5. The            supporting         committees                of       the   Board    of
                                                                                     Commissioners;
6. Remunerasi dan pendidikan berkelanjutan bagi Dewan                          6. Sustainable remuneration and education for Board of
   Komisaris;                                                                        Commissioners members;
7. Mekanisme dan tata tertib rapat Dewan Komisaris;                            7. The meeting mechanism and procedures of the Board of
                                                                                     Commissioners;
8. Kode etik;                                                                  8. Code of Conduct;
9. Pertanggungjawaban Dewan Komisaris;                                         9. The accountability of the Board of Commissioners;
10. Hubungan Dewan Komisaris dengan Direksi;                                   10. The relationship between the Board of Commissioners
                                                                                     and the Board of Directors;
11. Evaluasi kinerja Dewan Komisaris.                                          11. Performance assessment of the Board of Commissioners.


PELAKSANAAN TUGAS DEWAN KOMISARIS DI                                           DUTIES IMPLEMENTATION OF THE BOARD OF
TAHUN 2023                                                                     COMMISSIONERS IN 2023
Di tahun 2023, Dewan Komisaris telah menjalankan tugas                         In 2023, the Board of Commissioners has carried out its duties
dan tanggung jawabnya terkait fungsi pengawasan terhadap                       and responsibilities regarding the supervisory function of the
Perusahaan, sebagai berikut:                                                   Company, as follows:
1. Melakukan telaahan atas Laporan Hasil Evaluasi Kinerja                      1. Review             the       2023           monthly/quarterly/semi-annual
   bulanan/triwulanan/semesteran Tahun 2023 dalam rapat-                             Performance Evaluation Report in meetings held every
   rapat yang dilaksanakan setiap bulan, sebagai berikut:                            month, as follows:
   a. 13 Januari 2023 reviu kinerja bulan Desember 2022                              a. January 13, 2023, performance review for December
        dan s.d. Desember 2022;                                                               2022 and up to December 2022;
   b. 8 Februari 2023 reviu kinerja bulan Januari 2023 dan                           b. February 8, 2023, performance review for January
        s.d. Januari 2023;                                                                    2023 and up to January 2023;
   c. 7 Maret 2023 reviu kinerja bulan Februari 2023 dan s.d.                        c. March 7, 2023, performance review for February 2023
        Februari 2023;                                                                        and up to February 2023;
   d. 6 April 2023 reviu kinerja bulan Maret 2023 dan s.d.                           d. April 6, 2023, performance review for March 2023 and
        Maret 2023;                                                                           up to March 2023;
   e. 9 Mei 2023 reviu kinerja bulan April 2023 dan s.d. April                       e. May 9, 2023 performance review for April 2023 and up
        2023;                                                                                 to April 2023;
   f. 9 Juni 2023 reviu kinerja bulan Mei 2023 dan s.d. Mei                          f. Juni 9, 2023 performance review for May 2023 and up
        2023;                                                                                 to May 2023;
   g. 7 Juli 2023 reviu kinerja bulan Juni 2023 dan s.d. Juni                        g. July 7, 2023 performance review for June 2023 and up
        2023;                                                                                 to June 2023;
   h. 10 Agustus 2023 reviu kinerja bulan Juli 2023 dan s.d.                         h. August 10, 2023 performance review for July 2023 and
        Juli 2023;                                                                            up to July 2023;
   i.   7 September 2023 reviu kinerja bulan Agustus 2023                            i.       September 7, 2023 performance review for August
        dan s.d. Agustus 2023;                                                                2023 and up to August 2023;




                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja                  Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights            Management Report      Company Profile     Overview on Business Supports




   j.   6 Oktober 2023 reviu kinerja bulan September 2023                             j.    October 6, 2023 performance review for September
        dan s.d. September 2023;                                                            2023 and up to September 2023;
   k. 23 November 2023 reviu kinerja bulan Oktober 2023                               k. November 23, 2023 performance review for October
        dan s.d. Oktober 2023;                                                              2023 and up to October 2023;
   l.   5 Desember 2023 reviu kinerja bulan November 2023                             l.    December 5, 2023 performance review for November
        dan s.d. November 2023;                                                             2023 and up to November 2023;
2. Melakukan pemantauan dan evaluasi atas Sistem                                   2. Monitoring and evaluating the Information Technology
   Teknologi      Informasi        dalam              rangka     optimalisasi         System in order to optimize the use of SAP;
   pemanfaatan SAP;
3. Melakukan Monitoring/evaluasi Unit Produksi/Proyek                              3. Monitoring/evaluating          Production            Units/Investment
   Investasi pada tanggal 6 - 8 Maret 2023 di pabrik semen                            Projects on 6 - 8 March 2023 at the Baturaja and
   Baturaja dan Palembang;                                                            Palembang cement Plant;
4. Melakukan Monitoring/evaluasi Unit Produksi/Proyek                              4. Monitoring/evaluating          Production            Units/Investment
   Investasi pada tanggal 28 Agustus – 3 September 2023 di                            Projects on August 28, –September 3, 2023 in Lampung;
   Lampung;
5. Melakukan Penetapan Tantiem Tahun Buku 2022 serta                               5. Determining the Tantiem for the 2022 Fiscal Year
   Remunerasi Direksi dan Dewan Komisaris PT Semen                                    and the Remuneration for the Directors and Board of
   Baturaja Tahun 2023, Tbk melalui Surat Nomor S-18//DK-                             Commissioners of PT Semen Baturaja, Tbk through Letter
   SB/IX/2023 tanggal 22 September 2023;                                              Number S-18//DK-SB/IX/2023 dated 22 September 2023;
6. Melakukan Penetapan Rencana Kerja dan Anggaran                                  6. Determining the 2023 Company Work Plan and Budget
   Perusahaan (RKAP) Tahun 2023 PT Semen Baturaja Tbk                                 (RKAP) for PT Semen Baturaja Tbk after integration with
   Setelah Integrasi dengan PT Semen Indonesia (Persero)                              PT Semen Indonesia (Persero) Tbk through Letter Number
   Tbk melalui Surat Nomor S-20/DK-SB/XII/2023 tanggal 1                              S-20/DK-SB/XII/2023 dated December 1, 2023;
   Desember 2023;
7. Memberikan Persetujuan Pengangkatan Anggota Direksi                             7. Approving the appointment of members of the Board of
   dan Dewan Komisaris PT Baturaja Multi Usaha melalui                                Directors and Board of Commissioners of PT Baturaja
   Surat Nomor S-21/DK-SB/XII/2023 tanggal 14 Desember                                Multi Usaha via Letter Number S-21/DK-SB/XII/2023
   2023;                                                                              dated December 14, 2023;
8. Melakukan pemantauan dan evaluasi penerapan GCG                                 8. Monitoring and evaluating GCG implementation and follow
   serta melakukan tindak lanjut hasil assessment GCG;                                up on GCG assessment results;


PENILAIAN KOMITE DI BAWAH DEWAN                                                    2023 ASSESSMENT OF COMMITTEES UNDER THE
KOMISARIS TAHUN 2023                                                               BOARD OF COMMISSIONERS
DASAR PENILAIAN                                                                    BASIS OF ASSESSMENT
Dasar penilaian terhadap Komite di bawah Dewan Komisaris                           The evaluation of committees under the Board of
adalah tingkat kehadiran dalam rapat Komite, tingkat                               Commissioners is based on several criteria, including the level
kehadiran dalam rapat internal Dewan Komisaris, tingkat                            of attendance at committee meetings and internal meetings
kontribusi tertulis bagi komite, akurasi rekomendasi tertulis,                     of the Board of Commissioners, the quality of written
akurasi rekomendasi lisan, peran aktif (inisiatif) dan inovasi                     contributions and recommendations, the accuracy of oral
yang telah ditetapkan oleh Dewan Komisaris sebagai                                 recommendations, and the degree of initiative and innovation
pelaksana penilaian. Penilaian kinerja Komite Audit dilakukan                      demonstrated by the Board of Commissioners. The Audit
setiap triwulan, termasuk untuk menilai kepatuhan organisasi                       Committee’s performance is assessed quarterly, including
maupun individu anggota komite.                                                    an assessment of compliance by both the committee and
                                                                                   individual members.




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                      Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




Dalam mencapai kinerja yang baik, penilaian tersebut                           To achieve good performance, the assessment takes
juga dilakukan dengan mempertimbangkan realisasi dan                           into account the realization and completion of the work
penyelesaian program kerja yang tercantum dalam rencana                        program listed in the work plan and reported to the Board of
kerja dan dilaporkan kepada Dewan Komisaris dalam laporan                      Commissioners in the committee’s report. The results of this
komite. Hasil dari penilaian ini, dijadikan pertimbangan                       assessment are used to determine whether to reappoint or
bagi Dewan Komisaris untuk mengangkat kembali dan/                             dismiss members of the Audit Committee for the next term
atau memberhentikan anggota Komite Audit untuk periode                         of office.
jabatan berikutnya.


HASIL PENILAIAN                                                                ASSESSMENT RESULTS
Komite Audit                                                                   Audit Committee
Komite Audit telah menjalankan tugas dan tanggung                              The       Audit   Committee           has        fulfilled        its   duties   and
jawabnya sesuai dengan Rencana Kerja Komite Audit                              responsibilities in accordance with the Audit Committee
serta telah dilaporkan kepada Dewan Komisaris. Penilaian                       Work Plan and reported to the Board of Commissioners.
kinerja Komite Audit meliputi pelaksanaan tugas komite di                      The evaluation criteria include the implementation of
bidang audit, kecukupan proses pengendalian internal dan                       audit committee duties, the adequacy of internal control
penyusunan laporan keuangan. Di tahun 2023, Komite Audit                       processes, and the accuracy of financial reports. In 2022, the
telah melaksanakan rapat sebanyak 23 (dua puluh tiga) kali                     Audit Committee held all 23 (twenty three) meetings or 100%
atau 100,00% dan memberikan rekomendasi-rekomendasi                            and provided sound recommendations for the Company.
strategis bagi Perusahaan.


Komite Manajemen Risiko                                                        Risk Management Committee
Komite Manajemen Risiko telah menjalankan tugas dan                            The Risk Management Committee has carried out its duties
tanggung jawabnya sesuai dengan Rencana Kerja Komite                           and responsibilities in accordance with the Risk Management
Manajemen Risiko serta telah dilaporkan kepada Dewan                           Committee Work Plan and has reported this to the Board of
Komisaris. Penilaian kinerja Komite Manajemen Risiko                           Commissioners. The performance assessment of the Risk
meliputi pelaksanaan tugas komite di bidang manajemen                          Management Committee includes the implementation of
risiko, seperti pengkajian kebijakan manajemen risiko,                         the committee's duties in the field of risk management,
monitoring risiko utama corporate, RKAP dan RJPP. Di tahun                     such as reviewing risk management policies, monitoring
2023, Komite Manajemen Risiko telah melaksanakan rapat                         key corporate risks, RKAP and RJPP. In 2023, the Risk
sebanyak 15 (lima belas) kali atau 100,00% dan memberikan                      Management Committee has held 15 (fifteen)meetings or
rekomendasi-rekomendasi strategis bagi Perusahaan.                             100.00% and provided strategic recommendations for the
                                                                               Company.


Komite Nominasi dan Remunerasi                                                 Nomination and Remuneration Committee
Komite Nominasi dan Remunerasi telah menjalankan tugas                         The Nomination and Remuneration Committee has carried
dan tanggung jawabnya sesuai dengan Rencana Kerja Komite                       out its duties and responsibilities in accordance with the
Nominasi dan Remunerasi serta telah dilaporkan kepada                          Nomination and Remuneration Committee Work Plan
Dewan Komisaris. Penilaian kinerja Komite Nominasi dan                         and has reported this to the Board of Commissioners.
Remunerasi meliputi pelaksanaan tugas komite dalam                             The performance assessment of the Nomination and
melakukan monitoring, evaluasi dan memberikan rekomendasi                      Remuneration Committee includes the implementation
terhadap struktur remunerasi dan sistem penilaian kinerja di                   of the committee's duties in monitoring, evaluating and
perusahaan. Di tahun 2023, Komite Nominasi dan Remunerasi                      providing recommendations on the remuneration structure
telah melaksanakan rapat sebanyak 5 (lima) kali atau 100,00%                   and performance assessment system in the company. In
dan memberikan rekomendasi-rekomendasi strategis bagi                          2023, the Nomination and Remuneration Committee has
Perusahaan.                                                                    held 5 (five) meetings or 100.00% and provided strategic
                                                                               recommendations for the Company.




                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                              Performance Highlights         Management Report      Company Profile     Overview on Business Supports




PENGEMBANGAN KOMPETENSI DEWAN                                                    COMPETENCY DEVELOPMENT OF THE BOARD OF
KOMISARIS                                                                        COMMISSIONERS
KEBIJAKAN                                                                        POLICY
Dalam rangka mendukung pelaksanaan tugas dan tanggung                            To facilitate the Board of Commissioners in performing
jawab Dewan Komisaris, Perusahaan senantiasa memberikan                          their duties and responsibilities effectively, the Company
program pengembangan kompetensi untuk meningkatkan                               continually provides competency development programs.
efektivitas kerja Dewan Komisaris. Setiap anggota Dewan                          These programs aim to improve the effectiveness of the
Komisaris dapat mengikuti program peningkatan kompetensi                         Board’s work by enhancing the knowledge and skills of each
seperti seminar dan/atau pelatihan terkait:                                      member. The Board of Commissioners can participate in
                                                                                 competency improvement programs such as seminars and
                                                                                 training courses related to the following topics:
1. Pengetahuan berkaitan dengan prinsip-prinsip hukum                            1. Knowledge in connection with the principles of corporate
   korporasi dan peraturan perundang-undangan yang                                  law, regulations related to the Company’s business
   berhubungan dengan kegiatan usaha Perusahaan, serta                              activities, and the internal control system.
   sistem pengendalian internal.
2. Pengetahuan berkaitan dengan kebijakan pemerintah                             2. Knowledge in connection with the government policies
   terkait lingkungan strategis Perusahaan, core business                           related to the Company’s strategic environment, core
   Perusahaan        dan     perkembangan               mutakhir      industri      business, and the latest developments in the industry.
   Perusahaan.
3. Pengetahuan berkaitan dengan manajemen strategis dan                          3. Knowledge in connection with the strategic management
   formulasinya.                                                                    and its formulation.
4. Pengetahuan berkaitan dengan manajemen risiko.                                4. Knowledge in connection with risk management.
5. Pengetahuan berkaitan dengan pelaporan keuangan yang                          5. Knowledge in connection with quality financial reporting.
   berkualitas.


Kebijakan     terkait     pengembangan                 kompetensi      Dewan     The policies related to the competency development of the
Komisaris diatur dalam Board Manual yang terakhir disahkan                       Board of Commissioners are set out in the Decree of the
pada 28 Desember 2021 dan SK Dewan Komisaris No. SK-                             Board of Commissioners No. SK-02/DK-SB/XI/2011, which
02/DK-SB/XI/2011 tentang Panduan Program Pengenalan                              outlines the guidelines for the Company Introduction Program
Perusahaan dan Program Peningkatan Kapabilitas bagi                              and Capability Building Program for Members of the Board of
Anggota Dewan Komisaris PT Semen Baturaja Tbk.                                   Commissioners of PT Semen Baturaja Tbk.


PELAKSANAAN KEGIATAN                                                             ACTIVITIES
Rincian     realisasi    pengembangan                  kompetensi      Dewan     The details regarding the development of the Board of
Komisaris disampaikan pada bab “Profil Perusahaan” yang                          Commissioners’ competencies are presented in the “Company
terdapat dalam laporan tahunan ini.                                              Profile” chapter of this annual report.


KOMISARIS INDEPENDEN                                                             INDEPENDENT COMMISSIONER
Komisaris Independen merupakan anggota Dewan Komisaris                           Independent Commissioners are members of the Board of
yang tidak memiliki hubungan keuangan, kepengurusan,                             Commissioners who have no financial, managerial, share
kepemilikan saham dan/atau hubungan keluarga dengan                              ownership, and/or family relationships with other members of
anggota Dewan Komisaris, anggota Direksi dan/atau                                the Board of Commissioners, Board of Directors, controlling
pemegang saham pengendali atau dengan perusahaan yang                            shareholders, or companies that may hinder their ability to
mungkin menghalangi atau menghambat posisinya untuk                              act independently in accordance with GCG principles.
bertindak independen sesuai dengan prinsip-prinsip GCG.




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                       Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis         Good Corporate Governance                Corporate Social and Environmental Responsibility




Per 31 Desember 2023, jumlah Komisaris Independen                                     As of December 31, 2023, the number of Independent
Perusahaan berjumlah 2 (dua) dari total 4 (empat) orang                               Commissioners of the Company was 2 (two) out of a total of 4
atau >50% (lima puluh persen). Jumlah ini telah memenuhi                              (four) people or >50% (fifty percent). This amount meets the
ketentuan sesuai dengan Peraturan Otoritas Jasa Keuangan                              provisions in accordance with the Financial Services Authority
tentang      Direksi    dan Dewan Komisaris Emiten atau                               Regulation concerning Directors and Board of Commissioners
Perusahaan Publik No. 33/POJK.04/2014 tanggal 8 Desember                              of Issuers or Public Companies No. 33/POJK.04/2014 dated
2014, yang menyatakan bahwa setiap perusahaan publik                                  December 8, 2014, which states that every public company
harus memiliki Komisaris Independen sekurang-kurangnya                                must have Independent Commissioners of at least 30% (thirty
30% (tiga puluh persen) dari jumlah seluruh anggota.                                  percent) of the total number of members.


Ketetapan peraturan perundang-undangan mewajibkan                                     The statutory provisions mandate a minimum of 30% for
batas minimum Komisaris Independen sebanyak 30%. Hal ini                              Independent Commissioners, which provides adequate
mendukung terlaksananya penerapan mekanisme check and                                 support for the check and balance mechanism.
balance karena jumlah tersebut telah memenuhi dan sesuai.


KRITERIA PENENTUAN KOMISARIS INDEPENDEN                                               CRITERIA FOR DETERMINING INDEPENDENT
                                                                                      COMMISSIONERS
Berdasarkan Peraturan           Otoritas Jasa Keuangan (POJK)                         Based on the Regulation of the Financial Services Authority
No.     33/POJK.04/2014         tentang          Direksi    dan       Dewan           (POJK) No. 33/POJK.04/2014 concerning the Board of
Komisaris Emiten atau Perusahaan Publik dan POJK No.                                  Directors and Board of Commissioners of Issuers or Public
55/POJK.04/2015 tentang Pembentukan dan Pedoman                                       Companies and POJK No. 55/ POJK.04/2015 concerning the
Pelaksanaan Kerja Komite Audit, maka Komisaris Independen                             Establishment and Guidelines for the Work Implementation of
wajib memenuhi persyaratan sebagai berikut:                                           the Audit Committee, the Independent Commissioner must
                                                                                      meet the following requirements:
1. Bukan merupakan orang yang bekerja atau mempunyai                                  1. Not a person who works or has the authority and
      wewenang dan tanggung jawab untuk merencanakan,                                       responsibility to plan, lead, control or supervise the
      memimpin, mengendalikan atau mengawasi kegiatan                                       activities of the issuer or public company within the last
      emiten atau perusahaan publik tersebut dalam waktu                                    6 (six) months, except for re-appointment as Independent
      6 (enam) bulan terakhir, kecuali untuk pengangkatan                                   Commissioner of the Issuer or Public Company for the
      kembali sebagai Komisaris Independen Emiten atau                                      next period;
      Perusahaan Publik pada periode berikutnya;
2. Tidak mempunyai saham baik langsung maupun tidak                                   2. Does not own shares, either directly or indirectly, in the
      langsung pada emiten atau perusahaan publik tersebut;                                 concerned issuer or public company;
3. Tidak mempunyai hubungan afiliasi dengan emiten atau                               3. Has no affiliation with the issuer or public company,
      perusahaan publik, anggota Dewan Komisaris, anggota                                   members of the Board of Commissioners, members of the
      Direksi, atau Pemegang Saham Utama emiten atau                                        Board of Directors, or Major Shareholders of the issuer or
      perusahaan publik tersebut; dan                                                       public company; and
4. Tidak mempunyai hubungan usaha baik langsung maupun                                4. Does not have a business relationship, either directly or
      tidak langsung yang berkaitan dengan kegiatan usaha                                   indirectly, related to the business activities of the issuer
      emiten atau perusahaan publik tersebut.                                               or public company.


PERNYATAAN INDEPENDENSI KOMISARIS INDEPENDEN                                          STATEMENT OF INDEPENDENCY OF INDEPENDENT
                                                                                      COMMISSIONERS
Ketentuan yang mengatur mengenai benturan kepentingan                                 The guidelines that regulate conflicts of interest for the
bagi Dewan Komisaris telah tercantum di dalam Pedoman GCG                             Board of Commissioners are included in the GCG Guidelines
dan Pedoman Benturan Kepentingan. Dalam penerapannya,                                 and Guidelines for Conflict of Interests. To comply with these




                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja              Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                              Performance Highlights        Management Report      Company Profile       Overview on Business Supports




Dewan Komisaris telah menerapkan ketentuan mengenai                             guidelines, the Board of Commissioners has implemented
benturan     kepentingan         salah       satunya       dalam      bentuk    provisions related to conflicts of interest, one of which is the
penandatanganan Pakta Integritas (Letter of Undertaking).                       signing of an Integrity Pact (Letter of Undertaking).


Perusahaan memiliki 2 (dua) Komisaris Independen, yakni                         The Company has two Independent Commissioners, namely
Alex Iskandar Munaf dan Chowadja Sanova yang telah                              Alex Iskandar Munaf and Chowadja Sanova, who have signed
menandatangani Pakta Integritas (Letter of Undertaking) No.                     the Letter of Undertaking No. PH.05.04/008/2023.
PH.05.04/0005/2023 dan No. PH.05.04/008/2023.


Dalam Pakta Integritas tersebut, Komisaris Independen                           In the Integrity Pact, the Independent Commissioners
menyatakan bahwa:                                                               individually stated that:
1. Saya melaksanakan tugas sesuai dengan kewenangan yang                        1. I carry out my duties in accordance with the authority
   diberikan oleh Anggaran Dasar Perusahaan dan peraturan                           given by the Articles of Association of the Company
   perundang-undangan yang berlaku, berdasarkan prinsip-                            and the prevailing laws and regulations, based on the
   prinsip itikad baik, dengan kecermatan yang tinggi                               principles of good faith, with high accuracy, free and
   dan dalam keadaan bebas, mandiri atau tidak di bawah                             independent or not under pressure or the influence of
   tekanan, maupun pengaruh dari pihak lain (Independency).                         other parties (Independency).
2. Saya mengambil keputusan dengan kehati-hatian (duty                          2. I make decisions with prudence (duty of care and loyalty)
   of care and loyalty) demi untuk kepentingan yang terbaik                         in the best interests of the Company, with respect of
   bagi Perusahaan, dengan mengindahkan berbagai sumber                             other sources of information and description, and have
   informasi, keterangan dan telah melakukan perbandingan                           conducted sufficient comparison as professionals do in
   yang cukup, sebagaimana layaknya pihak profesional                               the same position would, or as I consider on decisions in
   dalam posisi yang sama melakukan hal yang serupa, atau                           my own interest (the prudent person rule).
   sebagaimana saya mempertimbangkan keputusan bagi
   kepentingan diri saya sendiri (prudent person rule).                         3. In making decisions, I shall have no personal interest or
3. Dalam mengambil keputusan, saya tidak memiliki                                   purpose to take action for my own benefits, or benefits
   kepentingan pribadi atau tujuan untuk melakukan sesuatu                          of parties related to me, or parties affiliated with me,
   untuk manfaat diri sendiri, maupun menguntungkan                                 and thus do not have a position that contains a potential
   pihak-pihak yang terkait dengan diri saya, atau pihak                            (confilict of interest).
   yang terafiliasi dengan saya, dan dengan demikian tidak
   memiliki posisi yang mengandung potensi benturan
   kepentingan (conflict of interest).
4. Saya melaksanakan proses tersebut dengan pemahaman                           4. I carry out such process with sufficient understanding
   yang cukup tentang berbagai peraturan dan kewajiban                              of the various regulations and other related normative
   normatif lainnya yang terkait, dan mematuhi seluruh                              obligations, and comply with all applicable laws and
   ketentuan dan peraturan perundang-undangan yang                                  regulations, including considering best practices, which
   berlaku, termasuk mempertimbangkan best practice,                                are deemed necessary, important and critical in the
   yang dipandang perlu, penting dan kritikal dalam proses                          process (duty abiding the laws).
   tersebut (duty abiding the laws).


Penandatanganan Surat Pernyataan Pemenuhan Persyaratan                          The signing of the Declaration of Fulfillment of Requirements
terkait    Pengangkatan         sebagai         Komisaris     Independen        related to the appointment of Independent Commissioner at
PT Semen Baturaja Tbk telah disesuaikan dengan Pasal 21                         PT Semen Baturaja Tbk has been aligned with the provisions
Pasal 4 ayat (1) dan (2) Peraturan Otoritas Jasa Keuangan                       of Article 21 Article 4 paragraph (1) and (2) of Financial Services
No. 33/POJK.04/2014, tentang Direksi dan Dewan Komisaris                        Authority Regulation No. 33/POJK.04/2014, which deals with
Emiten atau Perusahaan Publik, menyatakan bahwa:                                Directors and Board of Commissioners of Issuers or Public
                                                                                Companies, stating that:




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                      Analisis dan Pembahasan Manajemen      Tata Kelola Perusahaan yang Baik             Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis     Good Corporate Governance                    Corporate Social and Environmental Responsibility




1. Mempunyai akhlak, moral, dan integritas yang baik.                            1. The individual must have good character, moral standing,
                                                                                       and integrity.
2. Cakap melakukan perbuatan hukum.                                              2. The person must be capable of taking legal actions.
3. Dalam 5 (lima) tahun sebelum pengangkatan dan selama                          3. In 5 (five) years before their appointment and during their
   menjabat:                                                                           term of service:
   a. Tidak pernah dinyatakan pailit;                                                  a. Not have been declared bankrupt;
   b. Tidak pernah menjadi anggota Direksi dan/atau                                    b. Not have been a member of the Board of Directors
       anggota Dewan Komisaris yang dinyatakan bersalah                                         and/or Board of Commissioners who was found guilty
       menyebabkan suatu perusahaan dinyatakan pailit;                                          of causing a company to go bankrupt;
   c. Tidak pernah dihukum karena melakukan tindak                                     c. Not have been convicted of a crime that resulted in
       pidana yang merugikan keuangan negara dan/atau                                           losses to state finances or is related to the financial
       yang berkaitan dengan sektor keuangan; dan                                               sector;
   d. Tidak pernah menjadi anggota Direksi dan/atau                                    d. Never been a member of the Board of Directors and/
       anggota Dewan Komisaris yang selama menjabat:                                            or member of the Board of Commissioners during his
                                                                                                tenure:
       i.   Pernah tidak menyelenggarakan RUPS tahunan;                                         i.   Have failed to hold an annual GMS;
       ii. Pertanggungjawabannya sebagai anggota Direksi                                        ii. Was not accepted by the GMS as a member of the
            dan/atau anggota Dewan Komisaris pernah tidak                                            Board of Directors and/or Board of Commissioners,
            diterima oleh RUPS atau pernah tidak memberikan                                          or did not provide accountability to the GMS as a
            pertanggungjawaban sebagai anggota Direksi                                               member of the Board of Directors and/or Board of
            dan/atau anggota Dewan Komisaris kepada RUPS;                                            Commissioners; and
            dan
       iii. Pernah      menyebabkan                 Perusahaan      yang                        iii. Caused a company that obtained a license,
            memperoleh izin, persetujuan atau pendaftaran                                            approval, or registration from the Financial
            dari Otoritas Jasa Keuangan tidak memenuhi                                               Services Authority to fail to fulfill its obligation to
            kewajiban menyampaikan laporan tahunan dan/                                              submit an annual report and/or financial report to
            atau laporan keuangan kepada Otoritas Jasa                                               the Financial Services Authority.
            Keuangan.
4. Memiliki       komitmen        untuk         mematuhi     peraturan           4. Must be committed to complying with laws and
   perundang-undangan.                                                                 regulations.
5. Memiliki pengetahuan dan/atau keahlian di bidang yang                         5. Must possess knowledge and/or expertise in the fields
   dibutuhkan Perusahaan.                                                              required by the Company.
6. Bukan merupakan orang yang bekerja atau mempunyai                             6. Cannot be a person who has worked or had authority
   wewenang dan tanggung jawab untuk merencanakan,                                     and responsibility to plan, lead, control, or supervise the
   memimpin, mengendalikan, atau mengawasi kegiatan                                    Company’s activities within the last 6 (six) months, except
   Perusahaan dalam waktu 6 (enam) bulan terakhir,                                     in cases of re-appointment as the Company’s Independent
   kecuali untuk pengangkatan kembali sebagai Komisaris                                Commissioner for the next period.
   Independen Perusahaan pada periode berikutnya.
7. Tidak mempunyai saham baik langsung maupun tidak                              7. Cannot hold shares, either directly or indirectly, in the
   langsung pada Perusahaan.                                                           Company.




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                              Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                              Performance Highlights         Management Report      Company Profile     Overview on Business Supports




8. Tidak mempunyai hubungan afiliasi dengan Perusahaan,                          8. Must have no affiliation with the Company, members of
   anggota Dewan Komisaris, anggota Direksi, atau                                   the Board of Commissioners, members of the Board of
   pemegang saham utama Perusahaan.                                                 Directors, or major shareholders of the Company.
9. Tidak mempunyai hubungan usaha baik langsung maupun                           9. Must have no business relationship, either directly or
   tidak langsung yang berkaitan dengan kegiatan usaha                              indirectly, relating to the Company’s business activities.
   Perusahaan tersebut.



Direksi
Board of Directors

Direksi adalah organ Perusahaan yang melakukan pengelolaan                       The Board of Directors is a corporate governance (GCG) organ
atas Perusahaan secara kolektif untuk kepentingan dan                            that collectively bears the responsibility for managing the
tujuan Perusahaan sesuai dengan ketentuan Anggaran Dasar                         Company in accordance with the provisions of the Articles of
serta melaksanakan prinsip-prinsip GCG pada seluruh level                        Association, while adhering to GCG principles at all levels of
organisasi.                                                                      the organization.


Direksi mempertanggungjawabkan pelaksanaan tugasnya                              The Board of Directors is accountable to shareholders
kepada Pemegang Saham melalui RUPS. Pertanggungjawaban                           through the General Meeting of Shareholders (GMS).
Direksi kepada RUPS merupakan perwujudan akuntabilitas                           Accountability to the GMS is a crucial aspect of the Board
pengelolaan Perusahaan sesuai dengan prinsip-prinsip                             of Directors’ responsibility in managing the Company in
GCG. Tugas dan tanggung jawab Direksi mengacu pada                               accordance with GCG principles. The Board of Directors’
Pedoman dan Tata Tertib Kerja (Piagam Direksi), di mana                          duties and responsibilities are defined in the Board of
pelaksanaannya dijalankan dengan itikad baik dan penuh                           Directors Charter, which guides them to act in good faith
dengan rasa tanggung jawab dan tetap berpegang pada                              and with full responsibility, adhering to applicable laws and
peraturan perundang-undangan yang berlaku.                                       regulations.


Pembagian tugas, wewenang dan tanggung jawab Direksi,                            The division of duties, authorities, and responsibilities of the
meliputi:                                                                        Board of Directors includes the following:
1. Direksi bertugas menjalankan segala tindakan yang                             1. The Board of Directors is responsible for managing all
   berkaitan       dengan        pengurusan            Perusahaan          dan      aspects related to the Company’s operations and ensuring
   bertanggung jawab atas pengurusan Perusahaan untuk                               that they are in line with the Company’s interests and
   kepentingan Perusahaan sesuai dengan maksud dan                                  objectives. Additionally, the Board of Directors represents
   tujuan Perusahaan serta mewakili Perusahaan baik di                              the Company both internally and externally, within the
   dalam maupun di luar Pengadilan tentang segala hal                               limits set by the provisions of the laws and regulations,
   dan segala kejadian dengan pembatasan-pembatasan                                 the Articles of Association, and the Resolutions of the
   sebagaimana         diatur     dalam          peraturan      perundang-          GMS.
   undangan, Anggaran Dasar dan/atau Keputusan RUPS.
2. Dalam menjalankan tugas dan tanggung jawab atas                               2. To fulfill its management duties and responsibilities, the
   pengurusan sebagaimana dimaksud pada butir (1),                                  Board of Directors is obligated to convene the annual GMS
   Direksi wajib menyelenggarakan RUPS tahunan dan RUPS                             and other GMS, as required by the provisions of laws and
   lainnya sebagaimana diatur dalam peraturan perundang-                            regulations and the Articles of Association.
   undangan dan Anggaran Dasar.


KOMPOSISI DIREKSI                                                                COMPOSITION OF THE BOARD OF DIRECTORS
Di tahun 2023, terdapat perubahan komposisi Direksi                              In 2023, there were changes to the composition of the
Perusahaan berdasarkan Keputusan RUPS. Berikut ini                               Company's Board of Directors based on the GMS Decision.
merupakan kronologis perubahan komposisi dan susunan                             The following is a chronology of changes in the composition
Direksi per 31 Desember 2023.                                                    and composition of the Board of Directors as of December 31,
                                                                                 2023.

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                        Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis         Good Corporate Governance                Corporate Social and Environmental Responsibility




Kronologis Perubahan Komposisi Direksi Sepanjang Tahun                                 Chronology of Changes in the Composition of the Board of
2023                                                                                   Directors Throughout 2023
                                                                                              Periode 8 November
 Periode 1 - 24 Januari Periode 24 Januari - 8   Periode 8 Mei - 8
                                                                                              - 31 Desember 2023
 2023 / January 1-24,    Mei 2023 / January    November 2023 / May                                                                    Keterangan / Description
                                                                                                 / November 8 –
         2023              24-May 8, 2023      8 – November 8, 2023
                                                                                               December 31, 2023
    Daconi Khotob -             Daconi Khotob -                 Daconi Khotob -                         -                     Tidak lagi menjabat dalam jajaran
   (Direktur Utama /           (Direktur Utama /               (Direktur Utama /                                             Direksi sejak 8 November 2023 / No
  President Director)         President Director)             President Director)                                          longer serves on the Board of Directors
                                                                                                                                   since November 8, 2023
    Suherman Yahya             Suherman Yahya                 Suherman Yahya -                 Suherman Yahya -              Alih jabatan menjadi Direktur Utama
  - (Direktur Produksi        - (Direktur (Fungsi              (Direktur (Fungsi                (Direktur Utama /            sejak 8 November 2023 / Change of
 dan Pengembangan /           Operasi) / Director             Operasi) / Director              President Director)           position to President Director from
 Director of Production           (Division of                    (Division of                                                         November 8, 2023
   and Development)               Operations))                   Operations))
 Mukhamad Saifudin -                      -                             -                               -                     Tidak lagi menjabat dalam jajaran
 (Direktur Pemasaran /                                                                                                        Direksi sejak 24 Januari 2023 / No
 Director of Marketing)                                                                                                    longer serves on the Board of Directors
                                                                                                                                   since January 24, 2023
   Gatot Mardiana -                       -                             -                               -                     Tidak lagi menjabat dalam jajaran
 (Direktur Umum dan                                                                                                           Direksi sejak 24 Januari 2023 / No
   SDM / Director of                                                                                                       longer serves on the Board of Directors
General Affairs and HR)                                                                                                            since January 24, 2023
  Tubagus M. Dharury         Tubagus M. Dharury                         -                               -                     Tidak lagi menjabat dalam jajaran
 - (Direktur Keuangan         - (Direktur (Fungsi                                                                            Direksi sejak 8 Mei 2023 / No longer
dan Manajemen Risiko        Keuangan dan SDM) /                                                                             serves on the Board of Directors since
 / Director of Finance      Director (Finance and                                                                                        May 8, 2023
and Risk Management)              HR Division)
                                                               Rahmat Hidayat -                Rahmat Hidayat -              Menjabat dalam jajaran Direksi sejak
                                                               (Direktur (Fungsi               (Direktur (Fungsi             8 Mei 2023 / Served on the Board of
                                                             Keuangan dan SDM) /             Keuangan dan SDM) /                 Directors since May 8, 2023
                                                             Director (Finance and           Director (Finance and
                                                               HR Department))                 HR Department))
                                                                                               Muhammad Syafitri            Menjabat dalam jajaran Direksi sejak 8
                                                                                               - (Direktur (Fungsi          November 2023 / Serves on the Board
                                                                                              Operasi) / Director of        of Directors since November 8, 2023
                                                                                                    Operation)



Komposisi serta Susunan Direksi per 31 Desember 2023                                   Composition of the Board of Directors as of December 31,
                                                                                       2023
       Nama                 Jabatan                                              Dasar Pengangkatan                                                      Periode Jabatan
                                        • Keputusan RUPS Tahunan tanggal 25 Maret 2022 yang dinyatakan                                                Periode Ke-1 (Satu) /
                                          dalam Akta Notaris Fathiah Helmi, No. 21 tanggal 18 April 2022 /                                              1st (First) Period
                                          Resolution of the Annual GMS dated March 25, 2022 as stated in Notary
                      Direktur Utama /    Deed Fathiah Helmi, No. 21 April 18, 2022
 Suherman Yahya
                     President Director • Keputusan RUPSLB tanggal 8 November 2023 yang dinyatakan dalam
                                          Akta Notaris Aulia Taufani S.H., No. 21 tanggal 8 November 2023. /
                                          Resolution of the Extraordinary GMS dated November 8, 2023 as stated
                                          in Notary Deed Aulia Taufani S.H., No. 21 November 8, 2023
                                         Keputusan RUPSLB tanggal 8 November 2023 yang dinyatakan dalam                                               Periode Ke-1 (Satu) /
                      Direktur (Fungsi
    Muhammad                             Akta Notaris Aulia Taufani S.H., No. 21 tanggal 8 November 2023. / EGMS                                        1st (First) Period
                     Operasi) / Director
     Syafitri                            resolution dated November 8, 2023 stated in Notarial Deed of Aulia
                        of Operation
                                         Taufani S.H., No. 21 November 8, 2023.
                        Direktur (Fungsi          Keputusan RUPS Tahunan tanggal 8 Mei 2023 yang dinyatakan dalam                                     Periode Ke-1 (Satu) /
                         Keuangan dan             Akta Notaris Aryanti Artisari S.H., M.Kn., No. 11 tanggal 8 Mei 2023. /                               1st (First) Period
  Rahmat Hidayat         SDM) / Director          Decision of the Annual GMS dated May 8, 2023 as stated in Notary Deed
                        (Finance and HR           Aryanti Artisari S.H., M.Kn., No. 11 dated May 8, 2023.
                          Department)




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                            Performance Highlights        Management Report      Company Profile     Overview on Business Supports




Profil masing-masing Direksi yang menjabat per 31 Desember                    The profile of each Director in office as of December 31, 2023
2023 dan sampai dengan Laporan Tahunan ini ditandatangani,                    and until this Annual Report is signed, has been presented in
telah disajikan pada Bab “Profil Perusahaan” dalam Laporan                    the "Company Profile" Chapter in this Annual Report.
Tahunan ini.


MASA JABATAN                                                                  TERM OF OFFICE
Masa jabatan anggota Direksi diatur dalam Anggaran Dasar,                     The term of office for members of the Board of Directors is
yakni Anggota Direksi diangkat dan berakhir masa jabatannya                   stipulated in the Articles of Association. According to this
pada penutupan RUPS Tahunan yang kelima setelah tanggal                       regulation, members of the Board of Directors are appointed
pengangkatannya dengan syarat tidak boleh melebihi jangka                     and their term of office ends at the close of the fifth Annual
waktu 5 (lima) tahun dengan memperhatikan peraturan                           GMS after their appointment. The term should not exceed
perundang-undangan di bidang Pasar Modal, namun dengan                        five years, and should comply with laws and regulations in
tidak mengurangi hak dari RUPS untuk sewaktu waktu                            the Capital Market sector. However, the GMS has the right to
dapat memberhentikan para anggota Direksi sebelum masa                        dismiss members of the Board of Directors at any time before
jabatannya berakhir.                                                          the end of their term of office.


Masa Jabatan Direksi                                                          Terms of Office of the Board of Directors
   Nama / Name       Jabatan / Position                       Dasar Pengangkatan / Basis of Appointment                               Masa Jabatan / Term
                                                                                                                                           of Office
                                        • Keputusan RUPS Tahunan tanggal 25 Maret 2022 yang dinyatakan                                  08 November
                                          dalam Akta Notaris Fathiah Helmi, No. 21 tanggal 18 April 2022 /                            2023 – RUPS 2027 /
                                          Resolution of the Annual GMS dated March 25, 2022 as stated in Notary                       November 8, 2023 –
                                          Deed Fathiah Helmi, No. 21 April 18, 2022                                                       2027 GMS
                      Direktur Utama / • Keputusan Rapat Umum Pemegang Umum Luar Biasa (RUPSLB)
 Suherman Yahya
                     President Director   tanggal 8 November 2023 yang dinyatakan dalam Akta Notaris Aulia
                                          Taufani S.H., No. 21 tanggal 8 November 2023. / Resolution of the
                                          Extraordinary General Meeting of Shareholders (EGMS) on 8 November
                                          2023 as stated in the Notarial Deed of Aulia Taufani S.H., No. 21
                                          November 8,
                                         Keputusan Rapat Umum Pemegang Umum Luar Biasa (RUPSLB) tanggal                               08 November 2023
                      Direktur (Fungsi 8 November 2023 yang dinyatakan dalam Akta Notaris Aulia Taufani                                 - RUPS 2028 /
   Muhammad
                     Operasi) / Director S.H., No. 21 tanggal 8 November 2023. / Resolution of the Extraordinary                      November 8, 2023 –
    Syafitri
                        of Operation     General Meeting of Shareholders (EGMS) on November 8, 2023 as stated                              2028 GMS
                                         in the Deed of Notary Aulia Taufani S.H., No. 21 November 8, 2023.
                      Direktur (Fungsi          Keputusan RUPS Tahunan tanggal 8 Mei 2023 yang dinyatakan dalam                       08 Mei 2023 – RUPS
                       Keuangan dan             Akta Notaris Aryanti Artisari S.H., M.Kn., No. 11 tanggal 8 Mei 2023. /               2028 / May 8, 2023 –
  Rahmat Hidayat       SDM) / Director          Resolution of the Annual GMS dated May 8, 2023 as stated in Notary Deed                   2028 GMS
                      (Finance and HR           Aryanti Artisari S.H., M.Kn., Indonesia. 11 dated May 8, 2023.
                        Department)


TUGAS, WEWENANG DAN TANGGUNG JAWAB                                            DUTIES, AUTHORITIES AND RESPONSIBILITIES
DIREKSI                                                                       OF THE BOARD OF DIRECTORS
Direksi diwajibkan untuk mencurahkan tenaga, pikiran,                         The Board of Directors is obligated to devote their full energy,
perhatian dan pengabdiannya secara penuh pada tugas                           attention, and dedication to the duties and achievement
kewajiban dan pencapaian tujuan Perusahaan dan tidak                          of the Company’s goals. Furthermore, they are strictly
diperkenankan melakukan Korupsi, Kolusi, Nepotisme (KKN),                     prohibited from engaging in any act of corruption, collusion,
gratifikasi dan penyuapan.                                                    nepotism, gratuity, and bribery.
1. Anggota Direksi tidak diperbolehkan melakukan tindakan                     1. Members of the Board of Directors must strictly refrain
   korupsi, kolusi dan nepotisme serta gratifikasi dan suap.                     from any act of corruption, collusion, and nepotism, as
                                                                                 well as gratuity and bribery.




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                    Management Discussion and Analysis           Good Corporate Governance                   Corporate Social and Environmental Responsibility




   a. Gratifikasi     yang         diterima              dilaporkan       dan              a. Any gratuities received must be reported and
      dikonsultasikan      kepada          Komisi          Pemberantasan                            consulted with the Gratuity Control Unit and the
      Korupsi. Laporan disampaikan secara tertulis dengan                                           Corruption Eradication Commission (KPK) of the
      mengisi formulir sebagaimana ditetapkan oleh                                                  Republic of Indonesia. The report should be submitted
      Komisi Pemberantasan Korupsi dengan melampirkan                                               in writing by filling in the provided form as stipulated
      dokumen yang berkaitan dengan Gratifikasi.                                                    by the KPK, along with relevant documents related to
                                                                                                    the gratuities.
   b. Pelanggaran yang berkaitan dengan KKN disampaikan                                    b. Any violations related to corruption, collusion, and
      secara tertulis kepada Dewan Komisaris dan/atau                                               nepotism must be reported in writing to the Board of
      penegak hukum.                                                                                Commissioners and/or law enforcement agencies.
   c. Pengelolaan pelaporan pelanggaran terhadap korupsi,                                  c. Management of reporting violations of corruption,
      kolusi, dan nepotisme, gratifikasi serta suap diatur                                          collusion and nepotism, gratuity and bribery is
      dalam Pedoman Pengendalian Gratifikasi yang berlaku                                           regulated in the Gratification Control Guidelines that
      di lingkungan Perusahaan.                                                                     apply within the Company.
2. Tidak menerima, memberi dan meminta sesuatu                                       2. Prohibited from receiving, giving and requesting
   dari dan/atau kepada pihak manapun yang terkait                                         something from and/or to any party related to their
   dengan jabatannya yang berlawanan dengan kebijakan                                      position that is in contradiction with the Company’s
   Perusahaan.                                                                             policies.
3. Tidak melakukan tindakan kecurangan baik secara                                   3. Prohibited to engage in any form of fraudulent activity,
   individu maupun dengan pihak manapun yang melawan                                       whether individually or in association with other parties,
   hukum dan/atau yang dapat merugikan Perusahaan.                                         that violates the law and/or undermines the interests of
                                                                                           the Company.
4. Tidak      membuat          kepentingan                sendiri       yang         4. Prohibited to engage in any activity that serves their own
   menyalahgunakan wewenang, kesempatan, posisi dan                                        interests, which involves the abuse of their authority,
   fasilitas Perusahaan yang akan menyebabkan kerugian                                     position, opportunities, or facilities and can result in
   bagi Perusahaan.                                                                        losses for the Company


Direksi memiliki kewenangan yang mendukung dalam                                     The Board of Directors holds the authority to support the
pelaksanaan tugas dan tanggung jawabnya, yang mencakup:                              implementation of its duties and responsibilities, which
                                                                                     includes the following:
1. Menetapkan kebijakan yang dipandang tepat dalam                                   1. Establishing policies deemed appropriate for the
   rangka kepengurusan Perusahaan.                                                         management of the Company.
2. Mengatur penyerahan kekuasaan Direksi untuk mewakili                              2. Regulating the handover of the Board of Directors' powers
   Perusahaan di dalam dan di luar pengadilan kepada                                       to represent the Company inside and outside the court
   seorang atau beberapa orang anggota Direksi yang                                        to one or several members of the Board of Directors who
   khusus ditunjuk untuk itu termasuk pekerja Perseroan                                    are specifically appointed for this purpose, including
   baik sendiri-sendiri maupun bersama-sama dan/atau                                       Company employees, either individually or together and/
   badan lain.                                                                             or other bodies.
3. Mengatur      ketentuan-ketentuan                 tentang          pekerja        3. Regulating provisions regarding Company workers
   Perseroan termasuk penetapan upah, pensiun atau                                         including determining wages, pensions or old age security
   jaminan hari tua dan penghasilan lain bagi pekerja                                      and other income for Company workers based on the laws
   Perseroan berdasarkan peraturan perundang-undangan                                      and regulations.
4. Mengangkat dan memberhentikan pekerja Perseroan                                   4. Appointing and dismissing Company employees based
   berdasarkan peraturan ketenagakerjaan Perseroan dan                                     on the Company's employment regulations and statutory
   peraturan perundang-undangan.                                                           regulations.




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                            Performance Highlights        Management Report      Company Profile     Overview on Business Supports




5. Mengangkat dan memberhentikan Vice President of                            5. Appointing and dismissing the Vice President Corporate
   Corporate Secretary dan/atau Vice President of Internal                       Secretary and/or Vice President Internal Audit with
   Audit dengan persetujuan Dewan Komisaris.                                     approval from the Board of Commissioners.
6. Menghapusbukukan piutang macet dengan ketentuan                            6. Writeing off bad debts with the provisions as stipulated
   sebagaimana diatur dalam Anggaran Dasar dan yang                              in the Articles of Association and which are then reported
   selanjutnya    dilaporkan          kepada         Dewan     Komisaris         to the Board of Commissioners and then reported and
   selanjutnya   dilaporkan         dan        dipertanggungjawabkan             accounted for in the Annual Report.
   dalam Laporan Tahunan.
7. Tidak menagih lagi piutang bunga, denda, ongkos dan                        7. No further collection of receivables for interest,
   piutang lainnya di luar pokok yang dilakukan dalam                            fines, fees and other receivables beyond the principal
   rangka restrukturisasi dan/atau penyelesaian piutang                          amount carried out in the context of restructuring and/
   Perusahaan dengan kewajiban melaporkan kepada                                 or settlement of the Company's receivables with the
   Dewan Komisaris yang ketentuan dan tata cara pelaporan                        obligation to report to the Board of Commissioners, the
   ditetapkan oleh Dewan Komisaris.                                              reporting provisions and procedures are determined by
                                                                                 the Board of Commissioners.
8. Melakukan segala tindakan dan perbuatan lainnya                            8. Carrying out all actions and other actions regarding the
   mengenai pengurusan maupun pemilikan kekayaan                                 management and ownership of the Company's assets,
   Perseroan, mengikat Perseroan dengan pihak lain                               bind the Company with other parties and/or other parties
   dan/atau pihak lain dengan Perseroan, serta mewakili                          with the Company, and represent the Company inside and
   Perseroan di dalam dan di luar pengadilan tentang segala                      outside the court regarding all matters and all events,
   hal dan segala kejadian, dengan pembatasan-pembatasan                         with the limitations as regulated in statutory regulations,
   sebagaiman      diatur      dalam          peraturan      perundang-          these Articles of Association and/or GMS Resolutions.
   undangan, Anggaran Dasar ini dan/atau Keputusan RUPS.


Di samping kewenangan, Direksi juga memiliki kewajiban,                       In addition to authorities, the Board of Directors also has the
yakni:                                                                        obligations as described below:
1. Mengusahakan dan menjamin terlaksananya usaha dan                          1. Strive for and guarantee the implementation of the
   kegiatan Perusahaan sesuai dengan maksud dan tujuan                           Company's business and activities in accordance with its
   serta kegiatan usahanya;                                                      aims and objectives and business activities;
2. Mencapai kinerja sebagaimana tercantum dalam kontrak                       2. Achieve the performance as stated in the management
   manajemen berikut segala perubahan yang ditetapkan                            contract including all changes determined by the Board
   oleh Dewan Komisaris setelah mendapatkan persetujuan                          of Commissioners after obtaining approval from the
   Pemegang Saham Seri B Terbanyak dengan tetap                                  Majority Series B Shareholders while still paying attention
   memperhatikan ketentuan di bidang Pasar Modal;                                to provisions in the Capital Market sector;
3. Melaksanakan kebijakan yang ditetapkan oleh Dewan                          3. Implement policies determined by the Board of
   Komisaris setelah mendapatkan persetujuan Pemegang                            Commissioners after obtaining approval from the Majority
   Saham Seri B Terbanyak dalam rangka pelaksanaan tata                          Series B Shareholders in the context of implementing
   kelola perusahaan yang baik, termasuk namun tidak                             good corporate governance, including but not limited to
   terbatas pada aspek produksi/operasional, keuangan                            production/operational, financial and human resources
   dan sumber daya manusia, dengan tetap memperhatikan                           aspects, while still paying attention to provisions in the
   ketentuan di bidang Pasar Modal;                                              Capital Market sector ;
4. Menyiapkan pada waktunya RJPP, RKAP dan rencana                            4. Prepare in a timely manner RJPP, RKAP and other work
   kerja lainnya serta perubahannya untuk disampaikan                            plans and amendments to be submitted to the Board of
   kepada Dewan Komisaris dan mendapatkan persetujuan                            Commissioners and obtain approval from the Board of
   Dewan Komisaris;                                                              Commissioners;




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                    Management Discussion and Analysis      Good Corporate Governance              Corporate Social and Environmental Responsibility




5. Membuat daftar Pemegang Saham, daftar khusus, Risalah                        5. Make a list of Shareholders, special list, Minutes of GMS
   RUPS dan Risalah rapat Direksi;                                                    and Minutes of Directors' meetings;
6. Membuat Laporan Tahunan yang antara lain berisi                              6. Prepare an Annual Report which, among other things,
   Laporan Keuangan sebagai wujud pertanggungjawaban                                  contains Financial Statements as a form of accountability
   pengurusan Perusahaan, serta dokumen keuangan                                      for Company management, as well as Company financial
   Perusahaan sebagaimana dimaksud dalam undang-                                      documents as intended in the law concerning Company
   undang tentang dokumen Perusahaan;                                                 documents;
7. Menyusun Laporan Keuangan berdasarkan Standar                                7. Prepare Financial Statements based on Financial
   Akuntansi Keuangan dan menyerahkan kepada Akuntan                                  Accounting Standards and submit them to the Public
   Publik untuk diaudit;                                                              Accountant for audit;
8. Menyampaikan Laporan Tahunan setelah ditelaah oleh                           8. 8. Submit the Annual Report after being reviewed by the
   Dewan Komisaris dalam jangka waktu paling lambat 5                                 Board of Commissioners no later than 5 (five) months after
   (lima) bulan setelah tahun buku Perusahaan berakhir                                the Company's Fiscal Year ends to the General Meeting of
   kepada Rapat Umum Pemegang Saham untuk disetujui                                   Shareholders for approval and ratification;
   dan disahkan;
9. Memberikan penjelasan kepada Rapat Umum Pemegang                             9. Provide explanations to the General Meeting of
   Saham mengenai Laporan Tahunan;                                                    Shareholders regarding the Annual Report;
10. Menyampaikan Neraca dan Laporan Laba Rugi yang telah                        10. Submit the Balance Sheet and Profit and Loss Report
   disahkan oleh Rapat Umum Pemegang Saham kepada                                     which have been approved by the General Meeting of
   Menteri di bidang Hukum sesuai dengan ketentuan                                    Shareholders to the Minister of Law in accordance with
   peraturan perundang-undangan;                                                      the provisions of statutory regulations;
11. Menyusun laporan lainnya yang diwajibkan oleh ketentuan                     11. Prepare other reports required by statutory provisions;
   peraturan perundang-undangan;
12. Memelihara daftar Pemegang Saham, daftar khusus,                            12. Maintain the list of Shareholders, special list, Minutes of
   Risalah Rapat Umum Pemegang Saham, Risalah Rapat                                   General Meeting of Shareholders, Minutes of Meetings
   Dewan Komisaris dan risalah rapat Direksi, Laporan                                 of the Board of Commissioners and minutes of meetings
   Tahunan dan dokumen keuangan Perusahaan dan                                        of the Board of Directors, Annual Report and Company
   dokumen Perusahaan lainnya;                                                        financial documents and other Company documents;
13. Menyimpan di tempat kedudukan Perusahaan: Daftar                            13. Store at the Company's place of residence: Register
   Pemegang Saham, Daftar Khusus, Risalah Rapat Umum                                  of Shareholders, Special Register, Minutes of General
   Pemegang Saham, Risalah Rapat Dewan Komisaris dan                                  Meeting of Shareholders, Minutes of Meetings of the
   Risalah Rapat Direksi, Laporan Tahunan dan dokumen                                 Board of Commissioners and Minutes of Meetings of the
   keuangan Perusahaan serta dokumen Perusahaan;                                      Board of Directors, Annual Report and Company financial
                                                                                      documents as well as Company documents;
14. Mengadakan     dan       memelihara              pembukuan       dan        14. Organize and maintain company bookkeeping and
   administrasi Perusahaan sesuai dengan kelaziman yang                               administration in accordance with the practices
   berlaku bagi suatu Perusahaan;                                                     applicable to a company;
15. Menyusun Sistem Akuntansi sesuai dengan standar                             15. Develop an Accounting System in accordance with
   akuntansi keuangan dan berdasarkan prinsip-prinsip                                 financial accounting standards and based on the
   pengendalian    Intern,       terutama           pemisahan    fungsi               principles of internal control, especially the separation
   pengurusan, pencatatan, penyimpanan dan pengawasan;                                of management, recording, storage and supervision
                                                                                      functions;
16. Memberikan laporan berkala menurut cara dan waktu                           16. Provide periodic reports according to the method and
   sesuai dengan ketentuan yang berlaku, serta laporan                                time in accordance with applicable regulations, as well
   lainnya setiap kali diminta oleh Dewan Komisaris,                                  as other reports whenever requested by the Board of
   Pemegang Saham Seri B Terbanyak dan/atau Pemegang                                  Commissioners, the majority Series B Shareholders and/
   Saham Seri A Dwiwarna, dengan memperhatikan                                        or Series A Dwiwarna Shareholders, taking into account
   peraturan perundangan-undangan khususnya di bidang                                 the laws and regulations, especially in the Capital Market
   Pasar Modal berlaku;                                                               sector. valid;


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17. Menyiapkan susunan organisasi Perusahaan lengkap                          17. Prepare the Company's organizational structure complete
   dengan perincian dan tugasnya;                                                 with details and duties;
18. Memberikan      penjelasan        tentang        segala   hal     yang    18. Provide explanations regarding all matters asked or
   ditanyakan atau yang diminta Anggota Dewan Komisaris,                          requested by Members of the Board of Commissioners,
   Pemegang Saham Seri B Terbanyak dan Pemegang Saham                             the Majority Series B Shareholders and Series A Dwiwarna
   Seri A Dwiwarna, dengan memperhatikan peraturan                                Shareholders, taking into account statutory regulations,
   perundang-undangan khususnya peraturan di bidang                               especially regulations in the Capital Market sector;
   Pasar Modal;
19. Menjalankan kewajiban-kewajiban lainnya sesuai dengan                     19. Carry out other obligations in accordance with the
   ketentuan yang diatur dalam Anggaran Dasar dan yang                            provisions stipulated in the Articles of Association and
   ditetapkan oleh Rapat Umum Pemegang Saham;                                     determined by the General Meeting of Shareholders;
20. Menyusun pedoman dan tata tertib kerja Direksi (Piagam                    20. Develop guidelines and work rules for the Board of
   Direksi);                                                                      Directors (Board of Directors Charter);
21. Memenuhi dan melaksanakan tindakan-tindakan dalam                         21. Fulfill and carry out actions in order to fulfill the rights of
   rangka memenuhi hak-hak Pemegang Saham Seri A                                  Series A Dwiwarna Shareholders as stated in the Articles
   Dwiwarna sebagaimana tersebut dalam Anggaran Dasar.                            of Association.


Anggota Direksi wajib dengan itikad baik dan penuh tanggung                   Members of the Board of Directors are obliged to carry
jawab menjalankan tugas sesuai dengan kepentingan dan                         out their duties in good faith and with full responsibility in
usaha   Perusahaan       dengan         mempertimbangkan             risiko   accordance with the Company's interests and business by
usaha dan mengindahkan peraturan perundang-undangan                           considering business risks and paying attention to applicable
yang berlaku. Setiap anggota Direksi bertanggung jawab                        laws and regulations. Each member of the Board of Directors
penuh secara kolegial atas kerugian Perusahaan yang                           is fully collegially responsible for losses to the Company
disebabkan oleh kesalahan atau kelalaian anggota Direksi                      caused by errors or negligence of members of the Board of
dalam menjalankan tugasnya. Anggota Direksi tidak dapat                       Directors in carrying out their duties. Members of the Board
dipertanggungjawabkan atas kerugian Perusahaan, apabila                       of Directors cannot be held responsible for the Company's
dapat membuktikan:                                                            losses if they can prove:
1. Kerugian tersebut bukan karena kesalahannya atau                           1. The loss is not due to his fault or negligence;
   kelalaiannya;
2. Telah melakukan pengurusan dengan itikad baik, penuh                       2. Has carried out management in good faith, full
   tanggung jawab dan kehati-hatian untuk kepentingan dan                         responsibility and prudence for the benefit and in
   sesuai dengan maksud dan tujuan Perusahaan;                                    accordance with the aims and objectives of the Company;
3. Tidak mempunyai benturan kepentingan baik langsung                         3. Have no conflict of interest, either directly or indirectly,
   maupun tidak langsung atas tindakan pengurusan yang                            regarding management actions that result in losses; And
   mengakibatkan kerugian; dan
4. Telah mengambil tindakan untuk mencegah timbul atau                        4. Have taken action to prevent the occurrence or
   berlanjutnya kerugian tersebut.                                                continuation of the loss.


Dalam   rangka     melaksanakan            kebijakan     kepengurusan         In order to implement the Company's management policies:
Perusahaan:
1. Setiap anggota Direksi berhak dan berwenang bertindak                      1. Each member of the Board of Directors has the right
   untuk dan atas nama Direksi serta mewakili Perseroan                           and authority to act for and on behalf of the Board of
   sesuai dengan kebijakan dan kewenangan kepengurusan                            Directors and represent the Company in accordance with
   Perseroan yang ditetapkan berdasarkan keputusan                                the Company's management policies and authority as
   Direksi.                                                                       determined based on the Board of Directors' decision.




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                    Management Discussion and Analysis       Good Corporate Governance             Corporate Social and Environmental Responsibility




2. Anggota Direksi untuk perbuatan tertentu atas tanggung                        2. Members of the Board of Directors, for certain actions
   jawabnya sendiri, berhak pula mengangkat seseorang                                  on their own responsibility, also have the right to appoint
   atau lebih sebagai wakil atau kuasanya, dengan                                      one or more people as their representatives or proxies, by
   memberikan kepadanya atau kepada mereka kekuasaan                                   giving them or them the authority for certain actions as
   untuk perbuatan tertentu tersebut yang diatur dalam                                 regulated in the Power of Attorney.
   Surat Kuasa.


Pembagian tugas dan wewenang pengurusan di antara                                The division of duties and management authority among
Anggota Direksi ditetapkan berdasarkan keputusan RUPS.                           members of the Board of Directors is determined based
Dalam hal RUPS tidak menetapkan pembagian tugas dan                              on the GMS decision. In the event that the GMS does not
wewenang Anggota Direksi, maka pembagian tugas dan                               determine the division of duties and authority of members
wewenang tersebut ditetapkan berdasarkan keputusan                               of the Board of Directors, then the division of duties and
Direksi. Adapun pembagian kerja Direksi berikut rincian                          authority is determined based on the decision of the Board
tugas Direksi tersebut diatur dalam Surat Keputusan Direksi                      of Directors: The division of work of the Board of Directors
Nomor. PH.01.04/0007/2023 tanggal 25 Januari 2023 tentang                        and details of the duties of the Directors are regulated in the
Pembagian Tugas dan Wewenang Direksi, berikut perubahan-                         Directors' Decree Number: PH.01.04/0007/2023 dated 25,
perubahannya di masa mendatang.                                                  2023 regarding the Division of Duties and Authorities of the
                                                                                 Board of Directors, along with changes in the future.


Direksi    dalam   mengurus          Perusahaan          melaksanakan            In managing the Company, the Board of Directors implements
keputusan yang diberikan oleh RUPS sepanjang tidak                               the decisions given by the GMS as long as they do not conflict
bertentangan dengan peraturan perundang-undangan serta                           with the applicable laws and regulations in the Capital Market
peraturan yang berlaku di bidang Pasar Modal di Indonesia                        sector in Indonesia and/or the Articles of Association.
dan/atau Anggaran Dasar.


Anggota Direksi tidak berwenang mewakili Perusahaan                              Members of the Board of Directors are not authorized to
apabila:                                                                         represent the Company if:
1. Terdapat perkara di depan Pengadilan antara Perusahaan                        1. There is a case before the Court between the Company
   dengan anggota Direksi yang bersangkutan; atau                                      and the member of the Board of Directors concerned; or
2. Anggota     Direksi    yang        bersangkutan         mempunyai             2. The member of the Board of Directors concerned has
   kepentingan yang berbenturan dengan kepentingan                                     interests that conflict with the interests of the Company.
   Perusahaan.


Dalam hal terdapat keadaan sebagaimana dimaksud di atas,                         If such situations occur, the personnel authorized to
yang berhak mewakili Perusahaan adalah:                                          represent the Company are as follows:
1. Anggota Direksi lainnya yang tidak mempunyai benturan                         1. Other Members of the Board of Directors who do not have
   kepentingan dengan Perusahaan;                                                      a conflict of interest with the Company.
2. Dewan Komisaris dalam hal seluruh anggota Direksi                             2. The Board of Commissioners, in the event that all
   mempunyai benturan kepentingan dengan Perusahaan;                                   members of the Board of Directors have a conflict of
   atau                                                                                interest with the Company.
3. Pihak lain yang ditunjuk oleh RUPS dalam hal seluruh                          3. Other parties appointed by the GMS, in the event that
   anggota Direksi atau Dewan Komisaris mempunyai                                      all members of the Board of Directors and the Board
   benturan kepentingan dengan Perusahaan.                                             of Commissioners have a conflict of interest with the
                                                                                       Company.




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                            Performance Highlights       Management Report      Company Profile               Overview on Business Supports




Direksi wajib meminta persetujuan RUPS untuk:                                The Board of Directors is required to obtain approval from the
                                                                             GMS to carry out the following actions:
1. Mengalihkan kekayaan Perusahaan; atau                                     1. Transfer of Company assets; or
2. Menjadikan jaminan utang kekayaan Perusahaan.                             2. Debts of Company’s assets as Collateral.


yang menyangkut lebih dari 50% (lima puluh persen) dari                      If such actions involve more than 50% (fifty percent) of
jumlah kekayaan bersih Perusahaan dalam 1 (satu) transaksi                   the Company’s total net assets within one or multiple
atau lebih, baik yang berkaitan satu sama lain maupun tidak,                 transactions, whether related or unrelated, they require the
kecuali sebagai pelaksana kegiatan usaha Perusahaan sesuai                   approval of the GMS, unless they are part of the Company’s
dengan Pasal 3 Anggaran Dasar Perusahaan.                                    business activities as stated in the Articles of Association,
                                                                             Article 3.


Dengan memperhatikan peraturan perundang-undangan                            In compliance with the prevailing laws and regulations
serta peraturan yang berlaku di bidang Pasar Modal di                        in the Capital Market sector of Indonesia, the Board of
Indonesia, perbuatan-perbuatan Direksi di bawah ini harus                    Directors must obtain written approval from the Board of
mendapatkan persetujuan tertulis dari Dewan Komisaris                        Commissioners for the following actions:
untuk:
1. Melepaskan/memindahtangankan dan/atau mengagunkan                         1. Releasing/transferring and/or using Company assets as
   aset Perusahaan dengan nilai melebihi jumlah tertentu                         collateral for an amount exceeding the threshold set by
   yang ditetapkan oleh Dewan Komisaris, kecuali aset                            the Board of Commissioners, except for assets listed as
   yang dicatat sebagai persediaan dengan memperhatikan                          reserves, subject to the provisions of the Capital Market
   ketentuan di bidang Pasar Modal;                                              sector;
2. Mengadakan kerjasama dengan badan usaha atau pihak                        2. Entering into agreements with other business entities
   lain, dalam bentuk kerjasama operasi (KSO), kerjasama                         or parties, in the form of operational cooperation (KSO),
   usaha (KSU), kerjasama lisensi, Bangun Guna Serah (Build,                     business cooperation (KSU), licensing cooperation,
   Operate and Transfer/BOT), Bangun Serah Guna (Build,                          Build, Operate and Transfer (BOT), Build, Transfer and
   Transfer and Operate/BTO), Bangun Guna Milik (Build,                          Operate (BTO), Build, Operate and Owned (BOO) and other
   Operate and Own/BOO) dan perjanjian lain yang mempunyai                       agreements of the same nature that exceed the term or
   sifat yang sama yang jangka waktunya ataupun nilainya                         value set forth by the Board of Commissioners;
   melebihi dari yang ditetapkan oleh Dewan Komisaris;
3. Melakukan penyertaan modal, melepaskan penyertaan                         3. Making              capital       investments,                 releasing   capital
   modal termasuk perubahan struktur permodalan dengan                           investments, or changing the capital structure in other
   nilai tertentu yang ditetapkan Dewan Komisaris pada                           companies, subsidiaries, and joint-venture companies
   perusahaan lain, anak perusahaan dan perusahaan                               not related to saving receivables, for a certain value as
   patungan, yang tidak dalam rangka penyelamatan piutang                        determined by the Board of Commissioners, taking into
   dengan memperhatikan ketentuan di bidang Pasar Modal;                         account the provisions of the Capital Market sector;
4. Mendirikan anak perusahaan dan/atau perusahaan                            4. Establishing a subsidiary and/or joint-venture company
   patungan dengan nilai tertentu yang ditetapkan Dewan                          with a certain value as determined by the Board of
   Komisaris dengan memperhatikan ketentuan di bidang                            Commissioners, with consideration of the applicable
   Pasar Modal;                                                                  provisions in the Capital Market sector;
5. Mengusulkan wakil Perusahaan untuk menjadi calon                          5. Recommending a Company representative to become
   anggota Direksi dan Dewan Komisaris pada anak                                 a candidate member of the Board of Directors and the
   perusahaan yang memberikan kontribusi signifikan                              Board of Commissioners in subsidiaries that contribute
   kepada Perusahaan dan/atau bernilai strategis yang                            significantly to the company and/or have strategic value,
   ditetapkan oleh Dewan Komisaris;                                              as determined by the Board of Commissioners;




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                    Management Discussion and Analysis          Good Corporate Governance              Corporate Social and Environmental Responsibility




6. Melakukan penggabungan, peleburan, pengambilalihan,                              6. Conducting          mergers,              consolidations,           takeovers,
   pemisahan,     pembubaran             Anak            Perusahaan      dan              separations, or dissolutions of subsidiaries and joint
   perusahaan patungan dengan nilai tertentu yang                                         venture companies for a certain value as determined
   ditetapkan Dewan Komisaris dengan memperhatikan                                        by the Board of Commissioners, in accordance with the
   ketentuan di bidang Pasar Modal;                                                       applicable provisions in the Capital Market sector;
7. Mengikat Perusahaan sebagai penjamin (borg/avalist)                              7. Securing the Company as a guarantor (borg/avalist)
   dengan nilai tertentu yang ditetapkan Dewan Komisaris                                  for a certain value as determined by the Board of
   dengan memperhatikan ketentuan di bidang Pasar Modal;                                  Commissioners, subject to the provisions of the Capital
                                                                                          Market sector;
8. Menerima pinjaman jangka menengah/panjang dan                                    8. Obtaining mid/long-term loans and providing mid/
   memberikan pinjaman jangka menengah/ panjang dengan                                    longterm loans for a certain value as determined by
   nilai tertentu yang ditetapkan Dewan Komisaris dengan                                  the Board of Commissioners, in compliance with the
   memperhatikan ketentuan di bidang Pasar Modal;                                         prevailing provisions in the Capital Market sector;
9. Memberikan pinjaman jangka pendek/menengah/panjang                               9. Providing short/mid/long-term loans for non-operational
   yang tidak bersifat operasional, kecuali pinjaman kepada                               purposes, except for subsidiaries and with sufficient
   Anak Perusahaan cukup dilaporkan kepada Dewan                                          reporting to the Board of Commissioners;
   Komisaris;
10. Menghapuskan dari pembukuan terhadap piutang macet                              10. Removing non-performing loans and inanimate inventory
   dan persediaan barang mati dalam nilai yang melebihi                                   from the books, with a value exceeding the limit
   batas yang ditetapkan oleh Dewan Komisaris.                                            determined by the Board of Commissioners;
11. Melakukan tindakan-tindakan yang termasuk dalam                                 11. Carrying out actions which are included in material
   transaksi    material     sebagaimana                 ditetapkan     oleh              transactions as determined by laws and regulations in the
   peraturan perundang-undangan dibidang Pasar Modal                                      Capital Markets sector with a certain value determined
   dengan nilai tertentu yang ditetapkan Dewan Komisaris,                                 by the Board of Commissioners, unless such actions are
   kecuali tindakan tersebur termasuk dalam transaksi                                     included in material transactions which are excluded by
   material yang dikecualikan oleh peraturan perundang-                                   laws and regulations in the Capital Markets sector;
   undangan di bidang Pasar Modal;
12. Tindakan-tindakan yang belum ditetapkan dalam RKAP;                             12. Actions that have not been determined in the RKAP;
13. Melepaskan hak atas izin usaha pertambangan operasi                             13. Relinquishing the right to a mining business permit for
   produksi atau hak atas izin usaha pertambangan dalam                                   production operations or the right to a mining business
   bentuk lain yang sah sudah memasuki tahap operasi                                      permit in other forms that are valid and have entered the
   produksi                                                                               production operation stage


Tata cara untuk mendapatkan persetujuan tertulis dari Dewan                         Procedures for obtaining written approval from the Board of
Komisaris dan Pemegang Saham Seri A Dwiwarna:                                       Commissioners and Series A Dwiwarna Shareholders:
1. Direksi menyampaikan permohonan tertulis atas kegiatan                           1. The Board of Directors submits written requests for
   yang memerlukan persetujuan tertulis dari Dewan                                        activities that require written approval from the Board of
   Komisaris                                                                              Commissioners
2. Dewan Komisaris melakukan evaluasi dan analisa atas                              2. The Board of Commissioners carries out evaluation and
   materi kegiatan yang memerlukan persetujuan tertulis                                   analysis of activity materials that require written approval
   dan apabila dianggap perlu dapat meminta penjelasan                                    and, if deemed necessary, can request additional
   tambahan dan/atau pembahasan dengan Direksi.                                           explanations and/or discussions with the Board of
                                                                                          Directors.
3. Dewan Komisaris menyampaikan permohonan tertulis                                 3. The Board of Commissioners submits a written request
   atas kegiatan yang memerlukan persetujuan Pemegang                                     for activities that require approval from Series A Dwiwarna
   Saham Seri A Dwiwarna selambat-lambatnya 10 (sepuluh)                                  Shareholders no later than 10 (ten) calendar days after the
   hari kalender setelah permohonan atau penjelasan dan                                   request or explanation and documents are received by
   dokumen diterima oleh Dewan Komisaris secara lengkap.                                  the Board of Commissioners in full.




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                              Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report      Company Profile      Overview on Business Supports




4. Pemegang Saham Seri A Dwiwarna melakukan evaluasi                           4. Series A Dwiwarna Shareholders evaluate and analyze
   dan analisa atas materi kegiatan yang memerlukan                               activity materials that require written approval and, if
   persetujuan tertulis dan apabila dianggap perlu dapat                          deemed necessary, can request additional explanations
   meminta penjelasan tambahan dan/atau pembahasan                                and/or discussions with the Board of Commissioners and/
   dengan Dewan Komisaris dan/atau Direksi.                                       or Directors.
5. Pemegang Saham Seri A Dwiwarna memberi keputusan                            5. The Series A Dwiwarna Shareholder shall give a written
   tertulis atas materi usulan Dewan Komisaris setelah                            decision on the material proposed by the Board of
   permohonan atau penjelasan dan dokumen diterima oleh                           Commissioners after the application or explanation
   Pemegang Saham Seri A Dwiwarna secara lengkap.                                 and documents are received by the Series A Dwiwarna
                                                                                  Shareholder in full.
6. Dalam waktu 30 hari kalender sejak diterimanya                              6. Within 30 calendar days of receipt of the request
   permohonan atau penjelasan atau data tambahan dari                             or explanation or additional data from the Board of
   Direksi, Dewan Komisaris menyampaikan kepada Direksi:                          Directors, the Board of Commissioners shall convey to
   (i) keputusan Pemegang Saham Seri A Dwiwarna (dalam                            the Board of Directors: (i) the decision of the Series A
   hal Pemegang Saham Seri A Dwiwarna telah memberikan                            Dwiwarna Shareholders (in the event that the Series A
   keputusan baik menyetujui maupun tidak menyetujui);                            Dwiwarna Shareholders have given a decision either
   atau (ii) penjelasan kepada Direksi bahwa hingga jangka                        approving or disapproving) ; or (ii) an explanation to the
   waktu tersebut Pemegang Saham Seri A Dwiwarna belum                            Board of Directors that up to that time, Series A Dwiwarna
   dapat memberikan keputusan.                                                    Shareholders have not been able to make a decision.


RUANG LINGKUP PEKERJAAN DAN TANGGUNG JAWAB                                     SCOPE OF WORK AND RESPONSIBILITIES OF EACH MEMBER
MASING-MASING ANGGOTA DIREKSI                                                  OF THE BOARD OF DIRECTORS
Pembagian tugas dan wewenang anggota Direksi ditetapkan                        The allocation of responsibilities and authorities for each
oleh RUPS, dalam hal RUPS tidak menetapkan, maka                               member of the Board of Directors is determined by the General
pembagian tugas dan wewenang untuk setiap anggota Direksi                      Meeting of Shareholders (GMS), and if the GMS does not
akan ditetapkan berdasarkan keputusan Direksi.                                 provide any such specifications, then the Board of Directors
                                                                               will decide on the distribution of duties and authorities.


Dalam      mengurus       Perusahaan,            Direksi   melaksanakan        The Board of Directors is responsible for managing the
keputusan yang diberikan oleh RUPS sepanjang tidak                             company, and they must implement the decisions made
bertentangan dengan peraturan perundang-undangan serta                         by the GMS, as long as they are in compliance with the laws
peraturan yang berlaku di bidang Pasar Modal di Indonesia                      and regulations in the Capital Market sector in Indonesia and
dan/atau Anggaran Dasar. Berikut adalah ruang lingkup                          the Articles of Association. Each member of the Board of
pekerjaan dan tanggung jawab masing-masing anggota                             Directors has their own scope of work and responsibilities,
Direksi.                                                                       which are as follows:




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                 Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                 Management Discussion and Analysis            Good Corporate Governance             Corporate Social and Environmental Responsibility




 Nama / Name       Jabatan / Position                                                             Tugas / Duties
                                                 Menetapkan Strategi dan kebijakan dalam memimpin dan mengelola Perusahaan, serta menjamin
                                                 terlaksananya usaha dan kegiatan sesuai dengan maksud dan tujuan Pemegang Saham, menetapkan
                                                 sasaran dan kebijakan pada seluruh kegiatan pemasaran secara terintegrasi untuk memastikan pencapaian
                                                 jumlah penjualan, kepuasan pelanggan dan ketepatan waktu pengiriman sesuai dengan target yang telah
                                                 ditetapkan oleh perusahaan, pengelolaan kegiatan pengadaan barang dan jasa, dengan tanggung jawab
                                                 utama sebagai berikut : / Determining strategies and policies in leading and managing the Company, as
                                                 well as ensuring the implementation of business and activities in accordance with the aims and objectives
                                                 of Shareholders, establishing targets and policies for all marketing activities in an integrated manner to
                                                 ensure the achievement of sales numbers, customer satisfaction and on time delivery in accordance with
                                                 the targets set. has been determined by the company, management of goods and services procurement
                                                 activities, with the following main responsibilities:
                                                 1. Menetapkan sasaran dan kebijakan dalam memaksimalkan pendapatan perusahaan serta menentukan
                                                      pengelolaan stakeholder yang strategis dan mendorong pertumbuhan perusahaan; / Determine targets
                                                      and policies to maximize company revenue and determine strategic stakeholder management and
                                                      encourage company growth;
                                                 2. Menetapkan sasaran dan kebijakan untuk penyiapan visi, misi, tujuan dan rencana strategis
                                                      perusahaan, termasuk rencana-rencana lainnya yang berhubungan dengan pelaksanaan usaha dan
                                                      kegiatan perusahaan dan menyampaikan kepada Komisaris dan Pemegang Saham Mayoritas untuk
                                                      mendapatkan persetujuan; / Determine targets and policies for preparing the company’s vision,
                                                      mission, objectives and strategic plans, including other plans related to the implementation of the
                                                      company’s business and activities and submit them to the Commissioner and Majority Shareholders for
                                                      approval;
                                                 3. Menetapkan sasaran dan kebijakan terhadap proses transformasi rencana strategis perusahaan ke
                                                      dalam indikator kinerja organisasi (KPI) hingga memonitor pencapaian kinerja perusahaan di level
                                                      korporasi guna memastikan realisasi kinerja perusahaan sesuai dengan rencana strategis; / Establish
                                                      targets and policies for the process of transforming the company’s strategic plan into organizational
                                                      performance indicators (KPI) and monitor the achievement of company performance at the corporate
                                                      level to ensure the realization of company performance in accordance with the strategic plan;
                                                 4. Menetapkan sasaran dan kebijakan seluruh kegiatan terkait aktivitas pengelolaan proyek investasi
                                                      strategis perusahaan untuk memastikan terlaksananya seluruh proyek perusahaan sesuai dengan
                                                      rencana strategis perusahaan; / Determine targets and policies for all activities related to the
                                                      company’s strategic investment project management activities to ensure the implementation of all
                                                      company projects in accordance with the company’s strategic plan;
                    Direktur Utama /             5. Memberikan pertanggungjawaban dan segala keterangan tentang keadaan dan jalannya perusahaan
Suherman Yahya
                   President Director                 berupa laporan tahunan termasuk perhitungan tahunan kepada RUPS; / Provide accountability and
                                                      all information regarding the condition and running of the company in the form of an annual report
                                                      including annual calculations to the GMS;
                                                 6. Menetapkan sasaran dan kebijakan pemeliharaan dan pengelolaan kekayaan perusahaan serta
                                                      mengatur agar fungsi manajemen dan organisasi berjalan dengan baik dan benar, serta menjamin
                                                      terlaksananya Good Corporate Governance. / Determine targets and policies for the maintenance and
                                                      management of company assets and ensure that management and organizational functions run well
                                                      and correctly, as well as ensuring the implementation of Good Corporate Governance.
                                                 7. Menetapkan sasaran dan kebijakan pengendalian sumber daya perusahaan secara optimal melalui
                                                      pengelolaan perusahaan yang efektif dan efisien termasuk di dalamnya adalah “Image” perusahaan yang
                                                      sesuai dengan kendali pengawasan (Audit); / Establish targets and policies for controlling company
                                                      resources optimally through effective and efficient company management, including the company’s
                                                      “Image” in accordance with supervisory control (Audit);
                                                 8. Mengendalikan dan mengarahkan strategi, program dan target atas aktivitas CSR, yang mampu
                                                      memberikan manfaat bagi perusahaan dan masyarakat sekitar serta memberikan image/dampak
                                                      positif atas seluruh aktivitas yang dilakukan; / Control and direct strategies, programs and targets for
                                                      CSR activities, which are able to provide benefits to the company and surrounding communities as well
                                                      as provide a positive image/impact on all activities carried out;
                                                 9. Menetapkan sasaran dan kebijakan pada aktivitas yang berkaitan dengan keselamatan, kesehatan dan
                                                      pemeliharaan lingkungan kerja dan lingkungan produksi untuk memastikan kepatuhan terhadap aturan
                                                      demi menjaga citra perusahaan, keselamatan dan kesehatan kerja serta terpeliharanya lingkungan
                                                      perusahaan; / Establish targets and policies for activities related to safety, health and maintenance of
                                                      the work environment and production environment to ensure compliance with regulations in order to
                                                      maintain the company’s image, occupational safety and health and maintain the company environment;
                                                 10. Menetapkan sasaran dan kebijakan penyerahan kekuasaan Direksi untuk mewakili perusahaan kepada
                                                      seorang atau beberapa orang anggota Direksi; / Determine targets and policies for handing over the
                                                      powers of the Board of Directors to represent the company to one or several members of the Board of
                                                      Directors;
                                                 11. Menetapkan sasaran dan kebijakan pada seluruh kegiatan terkait dengan aktivitas pemasaran,
                                                      tercakup di dalamnya adalah arahan strategis atas branding yang akan diusung, untuk memastikan
                                                      efektivitas dan kesesuaian branding terhadap produk dan target pelanggan; / Determine targets and
                                                      policies for all activities related to marketing activities, including strategic direction for the branding
                                                      that will be carried out, to ensure the effectiveness and suitability of branding for products and target
                                                      customers;




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                             Ikhtisar Kinerja                Laporan Manajemen           Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report           Company Profile           Overview on Business Supports




  Nama / Name           Jabatan / Position                                                              Tugas / Duties
                                                      12. Menetapkan sasaran dan kebijakan terhadap kesesuaian produk dengan pelanggan beserta aktivitas
                                                          penjualan produk, sebagai turunan dari arahan dan strategi perusahaan, untuk memastikan jumlah
                                                          produk yang terjual sesuai dengan kualitas dan target yang disepakati; / Establish targets and policies
                                                          regarding product suitability with customers along with product sales activities, as a derivative of the
                                                          company’s direction and strategy, to ensure the number of products sold is in accordance with the
                                                          agreed quality and targets;
                                                      13. Menetapkan sasaran dan kebijakan terhadap manajemen rantai pasok, moda dan jenis distribusi yang
                                                          digunakan oleh SMBR untuk memastikan penyaluran produksi sesuai dengan target waktu, area dan
                                                          moda, sehingga dapat mencapai tujuan perusahaan dan sesuai dengan kesepakatan atas elemen -
                                                          elemen ketepatan waktu distribusi; / Determine targets and policies for supply chain management,
                                                          modes and types of distribution used by SMBR to ensure production distribution is in accordance with
                                                          target time, area and mode, so that it can achieve company goals and in accordance with agreements
                                                          on elements of timeliness of distribution;
                                                      14. Menetapkan sasaran dan kebijakan kegiatan strategis procurement secara terintegrasi untuk
                                                          memastikan Governance kegiatan procurement, meningkatkan kekuatan daya tawar serta ketersediaan
                                                          barang dan jasa sesuai dengan spesifikasi dan memenuhi SLA; / Determine targets and policies for
                                                          strategic procurement activities in an integrated manner to ensure governance of procurement
                                                          activities, increase bargaining power and availability of goods and services in accordance with
                                                          specifications and meet SLA;
                                                      15. Berhak dan berwenang bertindak untuk dan atas nama Direksi serta mewakili Perseroan sehubungan
                                                          dengan pelaksanaan tugas dan tanggung jawab di atas maupun belum diatur di dalam tugas dan
                                                          tanggung jawab direksi ini. / Has the right and authority to act for and on behalf of the Board of Directors
                                                          and represent the Company in connection with the implementation of the duties and responsibilities
                                                          above or not yet regulated in the duties and responsibilities of the directors.
                                                 Menetapkan sasaran dan kebijakan pada seluruh kegiatan produksi secara terintegrasi termasuk di
                                                 dalamnya aktivitas pemeliharaan mesin, penambangan, penelitian dan pengembangan, pengontrolan
                                                 kualitas serta produksi produk dari seluruh site demi memastikan kegiatan operasional perusahaan berjalan
                                                 dengan baik sesuai dengan target yang telah ditetapkan perusahaan, dengan tanggung jawab utama
                                                 sebagai berikut : / Set targets and policies for all production activities in an integrated manner including
                                                 machine maintenance activities, mining, research and development, quality control and production from all
                                                 sites to ensure that the company’s operational activities run well in accordance with the targets set by the
                                                 company, with responsibility main as follows:
                                                 1. Menetapkan sasaran dan kebijakan pada seluruh kegiatan terkait produksi produk (semen) dan/atau
                                                      turunannya sesuai dengan jenis produk, kualitas dan target yang telah disepakati bersama direktorat
                                                      pemasaran dan target pertumbuhan perusahaan secara tepat waktu; / Determine targets and policies
                                                      for all activities related to product (cement) production and/or derivatives in accordance with product
                                                      type, quality and targets agreed upon with the marketing directorate and company growth targets in a
                                                      timely manner;
                                                 2. Menetapkan sasaran dan kebijakan pada seluruh kegiatan terkait pemeliharaan mesin, instrumen
                                                      listrik dan fasilitas pendukung operasional produksi lainnya sesuai dengan target yang telah disepakati
                     Direktur (Fungsi Operasi) /      demi mendukung kelancaran operasional produksi; / Establish targets and policies for all activities
Muhammad Syafitri
                        Director of Operation         related to maintenance of machines, electrical instruments and other production operational support
                                                      facilities in accordance with agreed targets to support smooth production operations;
                                                 3. Menetapkan sasaran dan kebijakan pada seluruh kegiatan terkait dengan penambangan / ketersediaan
                                                      bahan baku, baik bersifat supply internal mau pun eksternal, pengelolaan limbah, pencarian sumber
                                                      lain secara strategis ke depannya, untuk memastikan keberlangsungan operasi; / Establish targets
                                                      and policies for all activities related to mining / availability of raw materials, both internal and external
                                                      supply, waste management, strategic search for other sources in the future, to ensure the continuity
                                                      of operations;
                                                 4. Menetapkan sasaran, kebijakan dan mendukung atas budaya dan aktivitas inovasi, riset, serta
                                                      pengontrolan kualitas secara berkesinambungan untuk memastikan proses produksi dan produk
                                                      yang semakin berkualitas, efektif dan efisien; / Establish targets, policies and support a culture and
                                                      activities of continuous innovation, research and quality control to ensure production processes and
                                                      products of increasingly high quality, effectiveness and efficiency;
                                                 5. Berhak dan berwenang bertindak untuk dan atas nama Direksi serta mewakili Perseroan sehubungan
                                                      dengan pelaksanaan tugas dan tanggung jawab di atas. / Has the right and authority to act for and on
                                                      behalf of the Board of Directors and represent the Company in connection with the implementation of
                                                      the above duties and responsibilities.




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                  Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                  Management Discussion and Analysis           Good Corporate Governance             Corporate Social and Environmental Responsibility




Nama / Name         Jabatan / Position                                                            Tugas / Duties
                                                  Menetapkan sasaran dan kebijakan pengelolaan keuangan, pengembangan dan pelayanan ICT; pelaksanaan
                                                  analisis dan evaluasi untuk memberikan informasi kinerja finansial dan rekomendasi bisnis; penyusunan
                                                  dan pengendalian RKAP, manajemen risiko dan asuransi, pengendalian kekayaan perusahaan, perencanaan
                                                  strategi pendanaan dan penyelenggaraan pelaporan keuangan untuk kepentingan eksternal dan untuk
                                                  kepentingan internal, kegiatan pengelolaan Sumber Daya Manusia (SDM), pendidikan dan pelatihan,
                                                  hubungan industrial, administrasi dan kesejahteraan Sumber Daya Manusia, kerumah-tanggaan,
                                                  perlengkapan, pengelolaan aset, dengan tanggung jawab utama sebagai berikut: / Establish targets and
                                                  policies for financial management, ICT development and services; carrying out analysis and evaluation
                                                  to provide financial performance information and business recommendations; preparation and control
                                                  of RKAP, risk management and insurance, control of company assets, planning funding strategies and
                                                  organizing financial reporting for external and internal purposes, Human Resources (HR) management
                                                  activities, education and training, industrial relations, administration and welfare of Resources People,
                                                  housekeeping, equipment, asset management, with main responsibilities as follows:
                                                  1. Menetapkan sasaran dan kebijakan untuk penyiapan Rencana Kerja dan Anggaran Tahunan Perusahaan
                                                       (RKAP) dan menyampaikan kepada Komisaris dan Pemegang Saham Mayoritas mendapatkan
                                                       persetujuan; / Determine targets and policies for preparing the Company’s Annual Work Plan and
                                                       Budget (RKAP) and submit them to the Commissioner and Majority Shareholders for approval;
                                                  2. Menetapkan sasaran dan kebijakan terkait monitoring dan analisa keseluruhan kinerja anak usaha
                                                       agar terdapat informasi yang dapat mendukung pengambilan keputusan bisnis bagi perusahaan;
                                                       / Determine targets and policies related to monitoring and analysis of the overall performance of
                                                       subsidiaries so that there is information that can support business decision making for the company;
                                                  3. Memberikan arahan strategis dan pengendalian atas aktivitas koordinasi, konsolidasi dan evaluasi
                                                       terhadap penyusunan RKAP serta ukuran kinerja kegiatan operasi sendiri, unit usaha dan usaha
                                                       kemitraan/penyertaan; / Provide strategic direction and control over coordination, consolidation and
                                                       evaluation activities for the preparation of RKAP as well as performance measures for own operations,
                                                       business units and partnership/investment businesses;
                                                  4. Menetapkan sasaran dan kebijakan proses pengendalian dan evaluasi realisasi anggaran biaya dan
                                                       pendapatan untuk pengukuran kinerja keuangan seluruh kegiatan operasi sendiri, unit usaha, dan
                     Direktur (Fungsi
                                                       usaha kemitraan/penyertaan; / Determine targets and policies for the process of controlling and
                   Keuangan dan SDM) /
Rahmat Hidayat                                         evaluating the realization of cost and income budgets for measuring the financial performance of all
                 Director (Finance and HR
                                                       own operational activities, business units and partnership/investment businesses;
                       Department)
                                                  5. Memberikan arahan strategis atas kegiatan pengendalian hutang piutang, dan kekayaan perusahaan
                                                       lainnya termasuk di dalamnya menyelenggarakan pengendalian risiko bisnis dan manajemen asuransi;
                                                       / Providing strategic direction on activities to control debts and receivables and other company assets,
                                                       including carrying out business risk control and insurance management;
                                                  6. Memberikan arahan strategis dalam proses menyelenggarakan, mengkoordinasikan dan
                                                       mengkonsolidasikan laporan keuangan perusahaan, unit usaha, dan usaha kemitraan dan penyertaan
                                                       serta berbagai laporan manajemen beserta analisisnya untuk direksi dan dewan komisaris dalam
                                                       rangka pengambilan keputusan manajemen; / Provide strategic direction in the process of organizing,
                                                       coordinating and consolidating Financial Statements for companies, business units, and partnership
                                                       and investment businesses as well as various management reports and their analysis for the board of
                                                       directors and board of commissioners in the context of making management decisions;
                                                  7. Menetapkan sasaran dan kebijakan proses pencarian dan pelaksanaan sumber-sumber pendanaan
                                                       yang efisien, perencanaan pendanaan, serta menentukan kebijakan pendanaan proyek dan kegiatan
                                                       investasi dalam rangka perencanaan strategis pendanaan; / Determine targets and policies for the
                                                       process of searching for and implementing efficient funding sources, funding planning, as well as
                                                       determining project funding policies and investment activities in the context of strategic funding
                                                       planning;
                                                  8. Menetapkan sasaran dan kebijakan pada aktivitas pengembangan aplikasi dan infrastruktur ICT,
                                                       pengamanan informasi serta penyediaan operasional layanan ICT yang didukung oleh tata kelola ICT
                                                       untuk memastikan keberlangsungan operasional bisnis dalam rangka pencapaian strategi bisnis
                                                       perusahaan; / Establish targets and policies for ICT application and infrastructure development
                                                       activities, information security and operational provision of ICT services supported by ICT governance
                                                       to ensure the continuity of business operations in order to achieve the company’s business strategy;
                                                  9. Memberikan arahan strategis mengenai identifikasi risiko-risiko perusahaan dan kecukupan mitigasi
                                                       risiko dalam hal penetapan kebijakan dan keputusan strategis khususnya di bidang produksi,
                                                       pemasaran dan investasi; / Provide strategic direction regarding the identification of company risks
                                                       and the adequacy of risk mitigation in terms of determining strategic policies and decisions, especially
                                                       in the areas of production, marketing and investment;




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                             Ikhtisar Kinerja                  Laporan Manajemen          Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                             Performance Highlights            Management Report          Company Profile           Overview on Business Supports




   Nama / Name           Jabatan / Position                                                              Tugas / Duties
                                                       10. Menetapkan sasaran dan kebijakan serta mengevaluasi rencana kerja pengembangan berkelanjutan
                                                           (roadmap) dalam proses penetapan dan penguatan fungsi manajemen risiko perusahaan; / Establish
                                                           targets and policies for the company’s integrated HR coaching and development process to ensure
                                                           the availability of resources in quantity and quality as well as readiness in a timely manner to adjust the
                                                           company’s growth targets;
                                                       11. Menetapkan sasaran dan kebijakan atas proses pembinaan dan pengembangan SDM perusahaan
                                                           secara terintegrasi untuk memastikan ketersediaan sumber daya secara jumlah dan kualitas serta
                                                           kesiapan dalam waktu yang tepat menyesuaikan target pertumbuhan perusahaan; / Establish targets
                                                           and policies for the company's integrated HR coaching and development process to ensure the
                                                           availability of resources in quantity and quality as well as readiness in a timely manner to adjust the
                                                           company's growth targets;
                                                       12. Menetapkan sasaran dan kebijakan yang tepat terhadap seluruh aktivitas dan program di bidang
                                                           SDM, Umum dan pengelolaan aset secara terintegrasi menyesuaikan strategi perusahaan; / Establish
                                                           appropriate targets and policies for all activities and programs in the fields of HR, General Affairs and
                                                           integrated asset management according to company strategy;
                                                       13. Menetapkan sasaran dan kebijakan dalam penyediaan dan pengelolaan aset Perusahaan, untuk
                                                           memastikan efektivitas dan efisiensi penggunaan aset, termasuk dalam penetapan dan pencapaian
                                                           SLA (Service Level Agreement) sebagai indikator kinerja; / Determine targets and policies in the
                                                           provision and management of Company assets, to ensure the effectiveness and efficiency of asset
                                                           use, including in determining and achieving SLA (Service Level Agreement) as a performance indicator;
                                                       14. Berhak dan berwenang bertindak untuk dan atas nama Direksi serta mewakili Perseroan sehubungan
                                                           dengan pelaksanaan tugas dan tanggung jawab di atas. / Has the right and authority to act for and on
                                                           behalf of the Board of Directors and represent the Company in connection with the implementation of
                                                           the above duties and responsibilities.



PEDOMAN (BOARD CHARTER) DIREKSI                                                      BOARD OF DIRECTORS CHARTER
Perusahaan telah memiliki Pedoman dan Tata Tertib Kerja                              The Company has a Board of Directors Work Guidelines and
Direksi yang selanjutnya disebut Piagam Direksi, sebagai                             Regulations, hereinafter referred to as the Board of Directors’
kerangka bagi anggota Direksi dalam menjalankan peran dan                            Charter, as a framework for members of the Board of Directors
fungsi pengelolaan Perusahaan serta menjadi acuan dalam                              in carrying out the roles and functions of managing the
melaksanakan tugas masing-masing untuk mencapai Visi dan                             Company and as a reference in carrying out their respective
Misi Perusahaan.                                                                     duties to achieve the Company’s Vision and Mission.


Direksi Perusahaan memiliki Piagam Direksi yang disahkan                             The Company’s Board of Directors has a Board of Directors
terakhir pada tanggal 31 Oktober 2023 dengan Nomor                                   Charter which was most recently approved on 31 October
Dokumen: M/SMBR/GRC/002. Piagam Direksi berisikan                                    2023 with Document Number: M/SMBR/GRC/002. The Board
kompilasi dari ketentuan dan peraturan perundang-undangan                            of Directors’ Charter contains a compilation of applicable
yang berlaku, Anggaran Dasar dan penjabaran mekanisme                                statutory provisions and regulations, the Articles of
praktik yang baik bagi peningkatan efektivitas pelaksanaan                           Association and an elaboration of good practice mechanisms
tugas dan wewenang Direksi.                                                          to increase the effectiveness of the implementation of the
                                                                                     Board of Directors’ duties and authority.


Direksi memiliki komitmen yang tinggi untuk menjadikan                               The Board of Directors has a high commitment to making
Piagam Direksi sebagai pedoman dalam melaksanakan                                    the Board of Directors’ Charter a guideline in carrying out
fungsi, tugas, tanggung jawab serta hubungan kerja antar                             functions, duties, responsibilities and working relationships
Direksi dan dengan Dewan Komisaris sehingga dapat berjalan                           between the Board of Directors and the Board of
secara efektif.                                                                      Commissioners so that it can run effectively.


Adapun pedoman tersebut memuat tentang:                                              The guidelines contain:
1. Pendahuluan terdiri dari 7 sub bab diantaranya: Latar                             1. The introduction consists of 7 sub-chapters including:
   Belakang, Visi Misi, Nilai - Nilai Perusahaan, Maksud dan                              Background, Vision and Mission, Company Values, Aims
   Tujuan, Ruang Lingkup, dll.                                                            and Objectives, Scope, etc.
2. Direksi terdiri dari 21 sub bab diantaranya : Komposisi,                          2. The Board of Directors consists of 21 sub-chapters
   Fungsi, Persyaratan, Tugas dan Wewenang serta                                          including: Composition, Functions, Requirements, Duties
   Kewajiban      Direksi,     Pembagian              Kerja,    Peningkatan               and Authorities and Obligations of the Board of Directors,
   Kompetensi, Etika Jabatan, Evaluasi Kinerja dll.                                       Division of Work, Competency Improvement, Office
                                                                                          Ethics, Performance Evaluation etc.




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                       Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




3. Tata Laksana Hubungan Kerja Direksi & Dewan Komisaris                        3. Procedures for Working Relations between Directors
   terdiri dari 9 sub bab diantaranya : Tata Laksana                                  and Board of Commissioners consists of 9 sub-chapters
   Hubungan Kerja, Bentuk Hubungan Kerja Antara Direksi                               including: Procedures for Working Relations, Forms
   dan Dewan Komisaris, Ketentuan Rapat Dewan Komisaris                               of Working Relations between Directors and Board of
   dan Direksi, Program Pengenalan Perusahaan, Batasan                                Commissioners, Provisions for Meetings of the Board of
   dan/atau Kriteria Tindakan Direksi yang memerlukan                                 Commissioners and Directors, Company Introduction
   persetujuan, dll.                                                                  Program, Limits and/or Criteria for Directors’ Actions.
                                                                                      Requires approval, etc.
4. Pengelolaan Anak Perusahaan yang terdiri dari 8 sub bab                      4. Management of Subsidiaries which consists of 8 sub-
   diantaranya : Prinsip Umum, Mekanisme Pengawasan,                                  chapters including: General Principles, Monitoring
   Pengambilan Keputusan terkait Anak Perusahaan, RUPS                                Mechanisms, Decision Making related to Subsidiaries,
   Anak Perusahaan, dll.                                                              GMS of Subsidiaries, etc.
5. Penggunaan Waktu, Sarana dan Fasilitas Perusahaan                            5. Use of Company Time, Means and Facilities consists of
   terdiri dari 4 sub bab diantaranya : Waktu Kerja, Anggota                          4 sub-chapters including: Working Time, Absence of
   Direksi Berhalangan dan Pejabat Pengganti Sementara,                               Directors and Temporary Substitute Officials, Provision
   Penyediaan Gaji, Tunjangan serta Fasilitas dan Perjalanan                          of Salaries, Allowances and Facilities and Official Travel.
   Dinas.
6. Penutup terdiri dari Pemberlakuan Piagam Direksi,                            6. Closing consists of the Implementation of the Directors’
   Keterbukaan Informasi di Website dan Evaluasi Piagam                               Charter, Information Disclosure on the Website and
   Direksi.                                                                           Evaluation of the Directors’ Charter.


Hubungan antara Dewan Komisaris dan Direksi dalam                               The relationship between the Board of Commissioners and the
sistem tata hukum Indonesia merupakan hubungan yang                             Board of Directors in Finansial’s legal system is based on the
berdasarkan prinsip two tiers system. Dengan demikian,                          two-tiers system principle. This principle ensures that there
terdapat pemisahan tugas dan kewajiban yang tegas bahwa                         is a clear division of duties and responsibilities. The Company
Perusahaan dipimpin dan dikelola oleh Direksi, sedangkan                        is led and managed by the Board of Directors, while the Board
Dewan Komisaris melakukan pengawasan dan pemberian                              of Commissioners carry out supervision and provide advice
nasihat terhadap tindakan yang dilakukan Direksi.                               on actions undertaken by the Board of Directors.


Dewan Komisaris dan Direksi memiliki tanggung jawab untuk                       The Board of Commissioners and the Board of Directors
memelihara kesinambungan usaha Perusahaan dalam jangka                          have the responsibility to maintain the Company’s business
panjang. Oleh karena itu, perlu adanya kejelasan sistem dan                     sustainability in the long-term. Therefore, there must be
struktur menyangkut hubungan antar organ Perusahaan                             a clear system and structure related to the relationship
dengan berpedoman pada prinsip-prinsip GCG. Fungsi,                             between Company organs, guided by the GCG principles. The
tugas dan hubungan kerja masing-masing Organ Perusahaan                         functions, duties, and work relations of each Company Organ
didefinisikan secara jelas dan dijalankan dengan konsisten.                     must be defined clearly and implemented consistently.


PENGANGKATAN DAN PEMBERHENTIAN DIREKSI                                          APPOINTMENT AND DISMISSAL OF THE BOARD
                                                                                OF DIRECTORS
Pengangkatan dan pemberhentian Direksi mengacu pada                             The appointment and dismissal of Directors refers to the
Peraturan Menteri BUMN No. PER-3/MBU/03/2023 tentang                            Minister of State-Owned Enterprises Regulation Number.
Organ dan Sumber Daya Badan Usaha Milik Negara.                                 PER-3/MBU/03/2023 concerning Organs and Resources of
                                                                                State-Owned Enterprises.


Anggota Direksi diangkat dan diberhentikan oleh RUPS yang                       Members of the Board of Directors are appointed and
dihadiri oleh Pemegang Saham Seri A Dwiwarna. Keputusan                         dismissed by the GMS which is attended by Series A Dwiwarna
rapat tersebut harus disetujui oleh Pemegang Saham Seri                         Shareholders. The decision of the meeting must be approved
A Dwiwarna dengan memperhatikan ketentuan Anggaran                              by the Series A Dwiwarna Shareholders taking into account
Dasar.                                                                          the provisions of the Articles of Association.


                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report      Company Profile     Overview on Business Supports




Keputusan       RUPS         mengenai                 pengangkatan        dan   The GMS decision regarding the appointment and dismissal
pemberhentian anggota Direksi juga menetapkan saat mulai                        of members of the Board of Directors also determines when
berlakunya pengangkatan dan pemberhentian tersebut.                             the appointment and dismissal will take effect. In the event
Dalam hal RUPS tidak menetapkan, maka pengangkatan dan                          that the GMS does not determine, then the appointment and
pemberhentian anggota Direksi tersebut mulai berlaku sejak                      dismissal of members of the Board of Directors will take
penutupan RUPS. Setelah masa jabatannya berakhir, para                          effect from the closing of the GMS. After their term of office
anggota Direksi dapat diangkat kembali oleh RUPS untuk satu                     ends, members of the Board of Directors can be reappointed
kali masa jabatan.                                                              by the GMS for one term of office.


PROGRAM ORIENTASI/PENGENALAN DIREKSI                                            ORIENTATION/INTRODUCTORY PROGRAM FOR
BARU                                                                            NEW MEMBERS OF THE BOARD OF DIRECTORS
Untuk memberikan gambaran mengenai Perusahaan yang                              To provide an overview of the Company relating to objectives,
berkaitan dengan tujuan, sifat dan lingkup kegiatan, kinerja                    nature and scope of activities, finansial and operational
keuangan dan operasi, strategi, rencana usaha jangka                            performance, strategy, short and long term business plans,
pendek dan jangka panjang, posisi kompetitif, risiko dan                        competitive position, risks and other strategic issues, the
masalah-masalah strategis lainnya, Perusahaan memiliki                          Company has an orientation or introduction program for the
program orientasi atau pengenalan bagi Dewan Komisaris                          Board of Commissioners new. The implementation of this
baru. Pelaksanaan program ini diatur dalam Surat Keputusan                      program is regulated in the Directors’ Decree concerning
Direksi tentang Pedoman Program Pengenalan Direksi dan                          Guidelines for the Company’s Introduction to New Directors
Dewan Komisaris Baru Perusahaan.                                                and Board of Commissioners Program.


Tanggung jawab pelaksanaan program pengenalan ini berada                        The responsibility for implementing this induction program
pada Corporate Secretary atau siapapun yang menjalankan                         lies with the Corporate Secretary or anyone who carries out
fungsi sebagai Corporate Secretary. Adapun dokumen-                             the function of Corporate Secretary. The other supporting
dokumen penunjang lain yang disampaikan Perusahaan,                             documents submitted by the Company include:
antara lain:
1. Laporan tahunan,                                                             1. Annual Report;
2. Rencana Kerja dan Anggaran Perusahaan (RKAP);                                2. Company Work Plan and Budget (RKAP);
3. Rencana Jangka Panjang Perusahaan (RJPP);                                    3. Company Long-Term Plan (RJPP);
4. Anggaran Dasar Perusahaan;                                                   4. Company Articles of Association;
5. Board Manual;                                                                5. Board Manual
6. Pedoman GCG;                                                                 6. GCG Guidelines;
7. Standar Etika Perusahaan;                                                    7. Company Code of Conduct;
8. Program Kerja Direksi;                                                       8. Work Program of the Board of Directors;
9. Charter Direksi;                                                             9. Charter of the Board of Directors; and
10. Peraturan-peraturan yang terkait dengan pelaksanaan                         10. Regulations related to implementation of duties of the
   tugas Direksi.                                                                  Board of Directors.


Selain itu, program pengenalan ini juga dapat berupa                            In addition, this introduction program can also take the form
presentasi, pertemuan, kunjungan ke Perusahaan dan                              of presentations, meetings, visits to companies and review
pengkajian dokumen atau program lainnya yang dianggap                           of documents or other programs deemed appropriate by the
sesuai dengan Perusahaan di mana program tersebut                               company where the program is implemented.
dilaksanakan.




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                         Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                         Management Discussion and Analysis          Good Corporate Governance               Corporate Social and Environmental Responsibility




Di   tahun      2023,    Perusahaan             melaksanakan          program            In 2023, the Company implemented a Company recognition
pengenalan Perusahaan dikarenakan terdapat Direksi baru.                                 program uet o the presence of new members of the Board
Pengenalan perusahaan dilaksanakan pada 13-14 November                                   of Directors. The company introduction was carried out on
2023 kepada Muhammad Syafitri (Direktur (Fungsi Operasi))                                November 13-14 , 2023 to Muhammad Syafitri (Director of
di Site Baturaja.                                                                        Operation) at the Baturaja Site.


PELAKSANAAN TUGAS DIREKSI DI TAHUN 2023                                                  DUTIES IMPLEMENTATION OF THE BOARD OF
                                                                                         DIRECTORS IN 2023
Di tahun 2023, Direksi telah menjalankan tugas dan                                       In 2023, the Board of Directors has carried out its duties and
tanggung jawabnya terkait fungsi pengelolaan terhadap                                    responsibilities regarding the management function of the
Perusahaan yang diwujudkan dalam pelaksanaan inisiatif                                   Company, which has been realized in the implementation
strategis sepanjang tahun 2023 dalam rangka pencapaian                                   of strategic initiatives throughout 2023 in the context of
KPI Perusahaan dan Kontrak Manajemen Direksi, beberapa                                   achieving the Company’s KPIs and Directors’ Management
kegiatan yang telah dilakukan sebagai berikut:                                           Contracts, several activities have been carried out as follows:
1. Penyusunan RKAP Tahun 2024.                                                           1.     Preparation of 2024 RKAP.
2. Penyelenggaraan RUPS Tahunan Tahun Buku 2022 pada                                     2. Holding Annual GMS for Fiscal Year 2022 on May 8, 2023,
     8 Mei 2023, RUPS Luar Biasa pada 24 Januari 2023 dan 8                                    Extraordinary GMS on January 24. 2023 and November 8
     November 2023.                                                                            2023.
3. Membuat Daftar Pemegang Saham, Daftar Khusus,                                         3. Making a Shareholder List, Special List, GMS Minutes and
     Risalah RUPS dan Risalah Rapat Direksi.                                                   Directors’ Meeting Minutes.
4.   Membuat Laporan Tahunan dan Laporan Keberlanjutan                                   4. Preparing the Annual Report and Sustainability Report for
     Tahun Buku 2022.                                                                          the 2022 Fiscal Year.
5. Menyusun Laporan Keuangan Tahunan Tahun Buku 2022,                                    5. Preparing Annual Financial Statements for the 2022
     Laporan Keuangan Triwulan I/2023, Laporan Keuangan                                        Fiscal Year, Finansial Statements for Quarter I/2023, Mid-
     Tengah Tahun 2023, Laporan Keuangan Triwulan III/2023.                                    Year 2023 Finansial Statements, Finansial Statements for
                                                                                               Quarter III/2023.
6. Menyusun laporan-laporan lainnya secara berkala bagi                                  6. Preparing other reports periodically for Shareholders,
     Pemegang Saham, Regulator dan pemangku kepentingan                                        Regulators and other stakeholders.
     lainnya.
7. Melakukan identifikasi risiko Perusahaan dan menyusun                                 7. Identifying company risks and develop risk control
     strategi upaya pengendalian Risiko.                                                       strategies.
8. Melakukan        review        terhadap            struktur      organisasi           8. Reviewing the Company’s organizational structure.
     Perusahaan.
9. Menelaah rencana program promosi dan rotasi Pegawai                                   9.      Reviewing plans for employee promotion and rotation
     serta remunerasi Pegawai                                                                  programs as well as employee remuneration
10. Melakukan Inventarisasi aset Perusahaan dan optimasi                                 10. Carrying out an inventory of Company assets and optimize
     aset non produktif Perusahaan.                                                            the Company’s non-productive assets.
11. Melakukan pengawasan atas kinerja Anak Perusahaan.                                   11. Supervising the performance of Subsidiaries.
12. Mengadakan          pertemuan-pertemuan                   dan   koordinasi           12. Holding meetings and coordinate with Shareholders,
     dengan para Pemegang Saham, Regulator dan pemangku                                        Regulators and other stakeholders, including in the
     kepentingan lainnya termasuk dalam rangka integrasi                                       context of integrating SMBR as a SIG Operating Company
     SMBR sebagai Operating Company (OpCo) SIG.                                                (OpCo).




                                                                                                                  2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile        Overview on Business Supports




PENILAIAN KOMITE DI BAWAH DIREKSI                                             ASSESSMENT OF COMMITTEES UNDER THE
                                                                              BOARD OF DIRECTORS
Per 31 Desember 2023, Direksi belum memiliki atau                             As of December 31, 2023, the Board of Directors had not
membentuk komite. Dengan demikian, pelaksanaan tugas                          had or formed a committee. Therefore, the implementation
dan tanggung jawab Direksi didukung oleh unit kerja yang                      of the duties and responsibilities of the Board of Directors
dipimpin oleh Vice President dan organ fungsional lainnya.                    is supported by the work unit led by the Vice President and
                                                                              other functional organs.


Dengan demikian, Perusahaan melakukan penilaian secara                        Therefore, the Company carries out periodic assessments of
periodik terhadap efektivitas kinerja Unit Kerja seperti                      the effectiveness of the performance of Work Units such as
Department of Internal Audit, Department of Corporate                         the Department of Internal Audit, Department of Corporate
Secretary, Department of HR & GA dan Department of Risk                       Secretary, Department of HR & GA, and Department of
Management berdasarkan pencapaian Key Performance                             Risk Management based on the achievement of the Key
Indicator (KPI) yang telah ditetapkan.                                        Performance Indicators (KPI) that have been determined.


PENGEMBANGAN KOMPETENSI DIREKSI                                               COMPETENCY DEVELOPMENT OF THE BOARD OF
                                                                              DIRECTORS
KEBIJAKAN                                                                     POLICY
Dalam rangka mendukung pelaksanaan tugas dan tanggung                         To support the efficient execution of duties and responsibilities
jawab Direksi serta bentuk dukungan untuk meningkatkan                        of the Board of Directors, the Company continues to provide
efektivitas kerja Direksi, Perusahaan senantiasa memberikan                   competency development programs aimed at improving
program    pengembangan            kompetensi.          Rencana      untuk    their effectiveness. Plans for implementing such programs
melaksanakan program peningkatan kompetensi harus                             must be included in the Company’s Work Plan and Budget.
dimasukkan dalam Rencana Kerja dan Anggaran Perusahaan.                       Each Director can take part in competency improvement
Setiap anggota Direksi dapat mengikuti program peningkatan                    programs, such as seminars and relevant training, to enhance
kompetensi seperti seminar dan/atau pelatihan terkait:                        their knowledge in the following areas:
1. Pengetahuan berkaitan dengan prinsip-prinsip hukum                         1. Principles of corporate law and laws and regulations
   korporasi dan peraturan perundang-undangan yang                               governing the Company’s business activities, as well as
   berhubungan dengan kegiatan usaha Perusahaan, serta                           the internal control system.
   sistem pengendalian internal.
2. Pengetahuan berkaitan dengan kebijakan pemerintah                          2. Government          policies      related          to   the   Company’s
   terkait lingkungan strategis Perusahaan, core business                        strategic environment, its core business, and the latest
   Perusahaan       dan     perkembangan              mutakhir     industri      developments in the industry.
   Perusahaan.
3. Pengetahuan berkaitan dengan manajemen strategis dan                       3. Strategic management and formulation.
   formulasinya.
4. Pengetahuan berkaitan dengan manajemen risiko.                             4. Risk management.
5. Pengetahuan berkaitan dengan pelaporan keuangan yang                       5. Quality financial reporting.
   berkualitas.


Kebijakan terkait pengembangan kompetensi Direksi diatur                      Policies related to developing the competency of the Board of
dalam Piagam Direksi yang disahkan terakhir pada tanggal                      Directors are regulated in and the Board of Directors’ Charter
31 Oktober 2023 dengan Nomor Dokumen: M/SMBR/GRC/002.                         which was last ratified on October 31,2023 with Document
                                                                              Number: M/SMBR/GRC/002.




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                       Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan yang Baik              Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis             Good Corporate Governance                     Corporate Social and Environmental Responsibility




PELAKSANAAN KEGIATAN                                                                      ACTIVITIES
Rincian    realisasi   pengembangan                 kompetensi           Direksi          Details of the realization of the Directors’ competency
disampaikan pada bab “Profil Perusahaan” yang terdapat                                    development are presented in the “Company Profile” chapter
dalam laporan tahunan ini.                                                                contained in this annual report.



Hubungan Afiliasi Dewan Komisaris Dan Direksi
Affiliation of the Board of Commissioners and the Board of Directors

Anggota Direksi dengan anggota Dewan Komisaris dan                                        The members of the Board of Directors, Board of
Pemegang Saham tidak memiliki hubungan keuangan,                                          Commissioners, and Shareholders do not have any financial,
ataupun hubungan kepemilikan saham dan keluarga. Anggota                                  share ownership, or family relationships. They perform their
Direksi Perusahaan bertindak secara independen dalam                                      functions and duties independently, both individually and
melaksanakan fungsi dan tugasnya baik secara individual                                   collectively, without holding any positions prohibited by
maupun kolegial dan tidak merangkap jabatan yang dilarang                                 the relevant laws and regulations on the implementation of
oleh peraturan perundang-undangan yang berlaku tentang                                    GCG. The affiliation between the Board of Directors, Board of
pelaksanaan GCG. Hubungan afiliasi antara Direksi, Dewan                                  Commissioners and Shareholders is as follows:
Komisaris, dan Pemegang Saham adalah sebagai berikut:
                             Hubungan Keluarga dengan / Familial Affiliation With                            Hubungan Keuangan dengan / Financial Affiliation With
                                Dewan
                                                                                                         Dewan Komisaris
                              Komisaris            Direksi / Board     Pemegang Saham /                                             Direksi / Board of            Pemegang Saham /
                                                                                                            / Board of
      Nama / Name             / Board of            of Directors         Shareholders                                                   Directors                   Shareholders
                                                                                                          Commissioners
                            Commissioners
                             Ya /      Tidak /     Ya /     Tidak /                   Tidak /                        Tidak /                      Tidak /                     Tidak /
                                                                       Ya / Yes                          Ya / Yes                  Ya / Yes                        Ya / Yes
                             Yes         No        Yes        No                        No                             No                           No                          No
                                                            Dewan Komisaris / Board of Commissioners
Alex Iskandar Munaf
Chowadja Sanova
Hadi Daryanto
Inosentius Samsul
                                                                      Direksi / Board of Directors
Suherman Yahya
Muhammad Syafitri
Rahmat Hidayat




Transparansi Informasi Tentang Dewan Komisaris Dan Direksi
Transparency of Information on the Board of Commissioners and Board of
Directors

KEBERAGAMAN KOMPOSISI DEWAN KOMISARIS                                                     DIVERSITY IN THE COMPOSITION OF THE BOARD
DAN DIREKSI                                                                               OF COMMISSIONERS AND BOARD OF DIRECTORS
Keberagaman komposisi Dewan Komisaris dan Direksi di                                      he diversity of the composition of the Board of Commissioners
Perusahaan memiliki manfaat untuk saling mengisi dan                                      and Board of Directors in the Company aims to complement
melengkapi pelaksanaan tugas dan tanggung jawab masing-                                   each member's duties and responsibilities. In addition, the
masing anggota. Selain itu, keberagaman komposisi Dewan                                   diversity of the composition of the Board of Commissioners
Komisaris dan Direksi dapat memberikan kontribusi dan                                     and Board of Directors can provide significant contributions
manfaat yang signifikan bagi Perusahaan.                                                  and benefits to the Company.




                                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Dalam penerapannya, keberagaman komposisi Dewan                              In practice, the diversity of the composition of the Board of
Komisaris merupakan kombinasi karakteristik baik dari segi                   Commissioners is a combination of characteristics both in
Dewan Komisaris maupun anggota Dewan Komisaris secara                        terms of the Board of Commissioners and individual members
individu, sesuai dengan kebutuhan Perusahaan Terbuka.                        of the Board of Commissioners, in accordance with the needs
Karakteristik tersebut dapat tercermin dalam penentuan                       of the Public Company. These characteristics can be reflected
keahlian, pengetahuan, dan pengalaman yang dibutuhkan                        in determining the skills, knowledge, and experience required
dalam pelaksanaan tugas pengawasan dan pemberian                             in carrying out supervisory duties and providing advice by the
nasihat oleh Dewan Komisaris Perusahaan Terbuka.                             Board of Commissioners of a Public Company.


Keberagaman komposisi Dewan Komisaris dan Direksi                            The diversity of the composition of the Board of
mengacu pada Peraturan Otoritas Jasa Keuangan No. 33/                        Commissioners and Board of Directors refers to Financial
POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten                      Services Authority Regulation No. 33/POJK.04/2014 on the
atau Perusahaan Publik, yang menyatakan pengangkatan                         Board of Directors and Board of Commissioners of Issuers
anggota Direksi dan Dewan Komisaris salah satunya dengan                     or Public Companies, which states that the appointment
syarat memiliki pengetahuan dan/atau keahlian di bidang                      of members of the Board of Directors and Board of
yang dibutuhkan Perusahaan. Selain itu, berdasarkan                          Commissioners shall have knowledge and/or expertise
rekomendasi Otoritas Jasa Keuangan yang tertuang dalam                       in the fields required by the Company. In addition, the
Lampiran Surat Edaran Otoritas Jasa Keuangan No. 32/                         recommendations of the Financial Services Authority as
SEOJK.04/2015 tentang Pedoman Tata Kelola Perusahaan                         stated in the Attachment to the Financial Services Authority
Terbuka dinyatakan bahwa komposisi Dewan Komisaris wajib                     Circular Letter No. 32/SEOJK.04/2015 on Public Company
memperhatikan keberagaman komposisi Dewan Komisaris.                         Governance Guidelines states that the composition of the
                                                                             Board of Commissioners shall take into account the diversity
                                                                             of the composition of the Board of Commissioners.


Komposisi yang telah memperhatikan kebutuhan Perusahaan                      A composition that takes into account the needs of Public
Terbuka merupakan suatu hal yang positif, khususnya terkait                  Companies is a positive point, especially regarding decision
pengambilan keputusan dalam rangka pelaksanaan fungsi                        making in the context of implementing the supervisory
pengawasan yang dilakukan dengan mempertimbangkan                            function which is carried out by considering various
berbagai aspek yang lebih luas. Dalam hal ini, Perusahaan                    broader aspects. In this case, the Company also takes into
juga menjadikan pembagian tugas dan fungsi jabatan Direksi                   consideration the division of duties and functions of the
sebagai pertimbangan sehingga akan berdampak pada                            Board of Directors positions so that it will have an impact on
ketepatan proses pencalonan dan penunjukan individual                        the accuracy of the nomination and appointment process
anggota Direksi ataupun Direksi secara kolegial.                             for individual members of the Board of Directors or collegial
                                                                             Directors.


Berikut keberagaman komposisi Dewan Komisaris dan Direksi                    The diversity in the composition of the Board of
yang diuraikan dalam tabel di bawah ini:                                     Commissioners and Board of Directors is described in the
                                                                             table below:




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                       Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis          Good Corporate Governance                Corporate Social and Environmental Responsibility




Keberagaman Dewan Komisaris                                                            Diversity in the Board of Commissioners
                                                                   Jenis Kelamin /
 No.   Nama / Name     Jabatan / Position            Usia / Age                                  Pendidikan / Education                     Pengalaman / Experience
                                                                       Gender
  1.   Alex Iskandar   Komisaris Utama/              62 tahun /    Laki-laki / Male        • S3 PhD Program Economics               • Komisaris        Independen      PT
          Munaf           Independen                62 years old                             – American University (1986-             Perusahaan Listrik Negara (2021-
                          / President/                                                       1989) / PhD in Economics                 2023) / Independent Commissioner
                         Independent                                                         Program – American University            of PT Perusahaan Listrik Negara
                        Commissioner                                                         (1986-1989)                              (2021-2023)
                                                                                           • S2 Masters of Arts Applied             • Senior Lecturer Finance President
                                                                                             Economic        –     American           University (2012-2018)
                                                                                             University (1984-1986)                 • Executive      Director     ALATIEF
                                                                                           • S1 Bachelor of Science                   Corporation (1993 – 1996)
                                                                                             Business Administration –              • Director PT BISMATEK – Business
                                                                                             American University (1981-               and Management Consultant (1993 –
                                                                                             1984)                                    1996)
                                                                                                                                    • Head of Laboratory for Economics,
                                                                                                                                      Management and Quantitative –
                                                                                                                                      Economics School for Finance
                                                                                                                                      and Banking of Indonesia (STEKPI)
                                                                                                                                      Jakarta (1991 – 1993)
                                                                                                                                    • Head of Finance and Banking
                                                                                                                                      Program, Economics School for
                                                                                                                                      Finance and Banking of Indonesia
                                                                                                                                      (STEKPI) Jakarta (1991-1993)
                                                                                                                                    • Teaching          Assistant       in
                                                                                                                                      Macroeconomics, The American
                                                                                                                                      University, Washington DC, USA
                                                                                                                                      (1988-1989)
  2.     Chowadja           Komisaris                39 tahun /    Laki-laki / Male        • S2 Manajemen, Robert Gordon            • Director of Operation PT Sanjaya
          Sanova         Independen /               39 years old                             University, Aberdeen Scotland,           Cipta Sejahtera (2019 - 2021)
                          Independent                                                        UK (2012) / Master’s Degree            • Director of Operation PT Sanjaya
                         Commissioner                                                        in    Management,       Gordon           Energi Asri (2015 - 2018)
                                                                                             University, Aberdeen Scotland,         • Budget and Cost Control of PT Indo
                                                                                             UK (2012)                                Gas Methan (2013 - 2015)
                                                                                           • S1 Banking and Finance,                • Budget and Cost Control SOEL/
                                                                                             Universitas Victoria Melbourne,          SMEC MEO Australia Internasional
                                                                                             Australia (2006) / Bachelor’s            Ltd (2012 - 2013)
                                                                                             Degree in Banking and Finance,         • BTPO/CPO Planning Analyst, Mobil
                                                                                             Victoria University, Melbourne,          Cepu Ltd, Exxon Mobil Indonesia
                                                                                             Australia (2006)                         (2009 - 2011)
                                                                                                                                    • Financial Analyst USB GREF (Global
                                                                                                                                      Real Estate Facilities), Exxon Mobil
                                                                                                                                      Indonesia (2008-2009)
  3.   Hadi Daryanto      Komisaris /                66 tahun /    Laki-laki / Male        • S3 Doctor Ingenieur (Dr. Ing), • Staf Ahli Menteri Lingkungan Hidup
                         Commissioner               66 years old                             Advanced       Wood      Science  dan Kehutanan (2017-2018) / Expert
                                                                                             &     Tech,     Grand      Ecole, Staff to the Minister of Environment
                                                                                             Ecole      National    Superieur  and Forestry (2017-2018)
                                                                                             d’Ectronique & Mecanique • Direktur            Jenderal     Perhutanan
                                                                                             (E.N.S.E.M) – Institute National  Sosial dan Kemitraan, Kementerian
                                                                                             Polytechnique de Loraine          Lingkungan Hidup dan Kehutanan
                                                                                             (I.N.P.L), Nancy - France (1988)  (2015-2017) / Director General of
                                                                                           • S2       Diplome       Etudiante  Social Forestry and Partnerships,
                                                                                             D’approfondies (D.E.A), Wood      Ministry of Environment and
                                                                                             Science at France Grand Ecole:    Forestry (2015-2017)
                                                                                             E.N.S.E.M (Ecole National • Berbagai jabatan lainnya di
                                                                                             Superieur D’electricite Et        Kementerian Lingkungan Hidup
                                                                                             Mecanique), I.N.P.L (Institute    dan Kehutanan (1981-2015) / Various
                                                                                             National Polytechnique de         other positions at the Ministry of
                                                                                             Loraine) & University of Nancy    Forestry (1981-2015)
                                                                                             - France (1985)
                                                                                           • S1 Forest Management Institut
                                                                                             Pertanian Bogor (1981) /
                                                                                             Bachelor’s Degree in Forest
                                                                                             Management        from     Bogor
                                                                                             Agricultural Institute (1981)
  4.    Inosentius        Komisaris /                58 tahun /    Laki-laki / Male        • S3 Ilmu Hukum Ekonomi di               • Kepala Badan Keahlian Setjen DPR
          Samsul         Commissioner               58 years old                             Universitas Indonesia (2003) /           (2020) / Head of the DPR Secretariat
                                                                                             Doctoral degree in Economic              General’s Expertise Agency (2020)
                                                                                             Law       from      Universitas        • Kepala Pusat Perancangan UU
                                                                                             Indonesia (2003)                         Badan Keahlian DPR RI (2015-2020)
                                                                                           • S2 Ilmu Hukum Ekonomi di                 / Head of the DPR RI Expertise Body
                                                                                             Universitas     Tarumanegara             Law Drafting Center (2015-2020)
                                                                                             (1997) / Master’s Degree               • Peneliti Bidang Hukum DPR (1995-
                                                                                             in Economic Law from                     2015) / DPR Legal Researcher (1995-
                                                                                             Universitas      Tarumanagara            2015)
                                                                                             (1997)                                 • Staf Setjen DPR RI (1990-1995) /
                                                                                           • S1 Ilmu Hukum di Universitas             Staff of the Secretariat General of
                                                                                             Gadjah Mada (1989) / Bachelor’s          the DPR RI (1990-1995)
                                                                                             Degree      in   Laws     from
                                                                                             Uniiversitas Gadjah Mada (1989)




                                                                                                                 2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 442
                            Ikhtisar Kinerja                  Laporan Manajemen          Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                            Performance Highlights            Management Report          Company Profile        Overview on Business Supports




Keberagaman Direksi                                                                 Diversity in the Board of Directors
                                                                     Jenis Kelamin /
 No.   Nama / Name     Jabatan / Position            Usia / Age                              Pendidikan / Education                  Pengalaman / Experience
                                                                         Gender
  1.    Suherman        Direktur Utama /              49 tahun /     Lakl-laki / Male   S1 Teknik Elektro, Universitas • Direktur (Fungsi Operasi) PT Semen
          Yahya        President Director            49 years old                       Indonesia (1999) / Bachelor’s       Baturaja Tbk (2023) / Director
                                                                                        Degree in Electrical Engineering,   (Operations Function) of PT Semen
                                                                                        Universitas Indonesia (1999)        Baturaja Tbk (2023)
                                                                                                                          • Direktur Produksi & Pengembangan
                                                                                                                            PT Semen Baturaja (Persero)
                                                                                                                            Tbk (2022-2023) / Director of
                                                                                                                            Production & Development of PT
                                                                                                                            Semen Baturaja (Persero) Tbk
                                                                                                                            (2022-2023)
                                                                                                                          • Komisaris PT Baturaja Daya Insani
                                                                                                                            Perusahaan Terafiliasi (2022 - 2023)
                                                                                                                            / Commissioner of PT Baturaja Daya
                                                                                                                            Insani Affiliated Company (2022 -
                                                                                                                            2023)
                                                                                                                          • Vice     President    Research    &
                                                                                                                            Engineering PT Semen Baturaja Tbk
                                                                                                                            (2021 - 2022)
                                                                                                                          • Vice President Strategic Planning
                                                                                                                            & Project Management Office PT
                                                                                                                            Semen Baturaja Tbk (2020 – 2021)
                                                                                                                          • Vice President PMO PT Semen
                                                                                                                            Baturaja Tbk (2019 – 2020)
                                                                                                                          • Vice President ICT PT Semen
                                                                                                                            Baturaja Tbk (2018 – 2019)
                                                                                                                          • Ketua Tim Akuisisi Tambang Batu
                                                                                                                            Kapur PT Semen Baturaja (Persero)
                                                                                                                            Tbk (2018) / Head of PT Semen
                                                                                                                            Baturaja (Persero) Tbk Limestone
                                                                                                                            Mine Acquisition Team (2018)
                                                                                                                          • Project Manager Tim Akuisisi
                                                                                                                            Tambang Batubara PT Semen
                                                                                                                            Baturaja (Persero) Tbk (2018) /
                                                                                                                            Project Manager for Coal Mine
                                                                                                                            Acquisition Team at PT Semen
                                                                                                                            Baturaja (Persero) Tbk (2018)
                                                                                                                          • Vice President Quality, Health,
                                                                                                                            Safety and Environment (QHSE)
                                                                                                                            merangkap Vice President Strategic
                                                                                                                            Planning dan Project Management
                                                                                                                            Office PT Semen Baturaja (Persero)
                                                                                                                            Tbk (2018) / Vice President Quality,
                                                                                                                            Health, Safety and Environment
                                                                                                                            (QHSE) and Vice President Strategic
                                                                                                                            Planning and Project Management
                                                                                                                            Office PT Semen Baturaja (Persero)
                                                                                                                            Tbk (2018)
                                                                                                                          • Ka. Departemen Litbang PT Semen
                                                                                                                            Baturaja (Persero) Tbk (2013 - 2018)
                                                                                                                            / Head of R&D Department of PT
                                                                                                                            Semen Baturaja (Persero) Tbk
                                                                                                                            (2013-2018)
                                                                                                                             • Ka. Departemen Logistik PT Semen
                                                                                                                               Baturaja (Persero) Tbk (2011 – 2013) /
                                                                                                                               Head of Logistics Department of PT
                                                                                                                               Semen Baturaja (Persero) Tbk (2011-
                                                                                                                               2013)
                                                                                                                             • Kepala Biro Perencanaan Teknik
                                                                                                                               Pabrik PT Semen Baturaja (Persero)
                                                                                                                               Tbk (2010 – 2011) / Head of Plant
                                                                                                                               Engineering Planning Bureau of PT
                                                                                                                               Semen Baturaja (Persero) Tbk (2010
                                                                                                                               – 2011)
                                                                                                                             • Kepala Biro Pemeliharaan PT Semen
                                                                                                                               Baturaja (Persero) Tbk (2008 – 2010)
                                                                                                                               / Head of Maintenance Bureau of
                                                                                                                               PT Semen Baturaja (Persero) Tbk
                                                                                                                               (2008-2010)
                                                                                                                             • Kepala     Bagian     Pemeliharaan
                                                                                                                               Listrik & Instrumen PT Semen
                                                                                                                               Baturaja (Persero) (2003-2006) /
                                                                                                                               Head of Electrical & Instrument
                                                                                                                               Maintenance Section of PT Semen
                                                                                                                               Baturaja (Persero) (2003-2006)




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                       Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis           Good Corporate Governance                Corporate Social and Environmental Responsibility




                                                                    Jenis Kelamin /
 No.   Nama / Name     Jabatan / Position            Usia / Age                                   Pendidikan / Education                     Pengalaman / Experience
                                                                        Gender
  2.      Muhammad      Direktur (Fungsi            55 tahun / 55   Laki-laki / Male        • S2     Magister   Manajemen            • GM of Maintenance PT Semen
           Syafitri   Operasi) / Director of          years old                               –     Universitas    Andalas             Padang (2019 – 2023)
                           Operation                                                          (2010) / Master’s Degree in            • GM of Engineering PT Semen
                                                                                              Management – Universitas                 Padang (2018-2018)
                                                                                              Andalas (2010)                         • GM of Plant Engineering PT Semen
                                                                                            • S1 Teknik Mesin – Universitas            Padang (2017-2018)
                                                                                              Andalas (1993) / Bachelor’s            • GM of Production PT Semen Padang
                                                                                              Degree      in    Mechanical             (2014 – 2017)
                                                                                              Engineering – Universitas              • GM of Mining PT Semen Padang
                                                                                              Andalas (1993)                           (2011 – 2014)
                                                                                                                                     • SM of Mechanical Maintenance PT
                                                                                                                                       Semen Padang (2009-2011)
  3.       Rahmat        Direktur (Fungsi           41 tahun / 41   Laki-laki / Male        • S2     Master    of    Business • Direktur Keuangan PT Semen
           Hidayat    Keuangan dan SDM) /            years old                                Administration            (MBA)   Indonesia Beton (SIB) (2019 – 2023)
                      Director (Finance and                                                   Universitas     Gadjah     Mada   / Finance Director PT Semen
                         HR Department)                                                       (2022) / Master of Business       Indonesia Beton (SIB) (2019 – 2023)
                                                                                              Administration             from • Ketua Tim Task Force Remedial
                                                                                              Universitas Gadjah Mada (2022)    Recovery PT Semen Indonesia
                                                                                            • S1     Akuntansi      Perbanas    (Persero) Tbk (SIG) (2023 –
                                                                                              Institute (2005) / Bachelor of    Sekarang) / Chair of the Remedial
                                                                                              Accounting from Perbanas          Recovery Task Force Team of PT
                                                                                              Institute (2005)                  Semen Indonesia (Persero) Tbk (SIG)
                                                                                                                                (2023 – Present)
                                                                                                                              • Komisaris Utama PT Varia Usaha
                                                                                                                                Beton (VUB) (2021 - 2023) /
                                                                                                                                President Commissioner of PT Varia
                                                                                                                                Usaha Beton (VUB) (2021 - 2023)
                                                                                                                              • Direktur Keuangan PT Topabiring
                                                                                                                                Trans Logistik (Afiliasi PT Semen
                                                                                                                                Tonasa (2018 – 2019) / Finance
                                                                                                                                Director of PT Topabiring Trans
                                                                                                                                Logistik (Affiliate of PT Semen
                                                                                                                                Tonasa (2018 – 2019)



PENGUNGKAPAN HUBUNGAN AFILIASI ANTARA                                                   DISCLOSURE OF AFFILIATION BETWEEN
DIREKSI, DEWAN KOMISARIS, DAN PEMEGANG                                                  MEMBERS OF THE BOARD OF DIRECTORS,
SAHAM UTAMA DAN/ATAU PENGENDALI                                                         BOARD OF COMMISSIONERS AND MAJORITY/
                                                                                        CONTROLLING SHAREHOLDERS
Informasi tentang Pemegang Saham Utama/Pengendali                                       Information about Major/Controlling Shareholders up to
Hingga Nama Pemilik Akhir Pemegang saham utama dan                                      the Name of the Ultimate Owner, the Company’s major and
pengendali     Perusahaan         adalah        Pemerintah          Indonesia           controlling shareholders comprise of the Government of
dengan kepemilikan 1 lembar saham seri A Dwiwarna, dan                                  Indonesia, which holds a single series A Dwiwarna share,
PT Semen Indonesia (Persero) Tbk dengan kepemilikan saham                               and PT Semen Indonesia (Persero) Tbk, which owns series
seri B sebesar 75,51%. Sementara itu, sisanya dimiliki oleh                             B shares of 75.51%. Meanwhile, the remainder is owned by
PT Asuransi Jiwa IFG sebesar 7,89% dan kelompok pemegang                                PT Asuransi Jiwa IFG amounting to 7.89% and the public
saham masyarakat/publik kurang dari lima persen sebesar                                 shareholder group of less than five percent amounting to
16,60%.                                                                                 16.60%.




                                                                                                                  2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja                  Laporan Manajemen        Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights            Management Report        Company Profile     Overview on Business Supports




                                                                   Pemerintah Republik Indonesia /
                                                                   The Government of Republic of Indonesia




                                                         51,01%                                                                 100,00%
                                       PT Semen Indonesia (Persero) Tbk                                          Indonesia Financial Group (IFG)



     0,00%
1 Lembar (0,00%)                                                                   99,99%                         Kelompok Pemegang Saham
(Saham Seri A Dwi                                                                                                       Masyarakat <5% /
                                                                           PT Asuransi Jiwa IFG                  Public Shareholders Group < 5%
Warna) / Share Share of
Series A Dwiwarna




                                                      75,51%                        7,89%                                             16,60%


                                                                                            PT Semen Baturaja Tbk




HUBUNGAN AFILIASI DEWAN KOMISARIS DAN DIREKSI                                        AFFILIATION OF THE BOARD OF COMMISSIONERS AND THE
                                                                                     BOARD OF DIRECTORS
Seluruh anggota Direksi dengan anggota Dewan Komisaris                               The Board of Directors, Board of Commissioners, and
dan Pemegang Saham tidak memiliki hubungan keuangan,                                 Shareholders of the Company have no financial or family
ataupun hubungan kepemilikan saham dan keluarga. Anggota                             ties, and do not hold any shared ownership. The members of
Direksi Perusahaan bertindak secara independen dalam                                 the Board of Directors carry out their functions and duties
melaksanakan fungsi dan tugasnya baik secara individual                              independently, both individually and collectively. Moreover,
maupun kolegial dan tidak merangkap jabatan yang dilarang                            they do not hold any concurrent positions that violate the
oleh peraturan perundang-undangan yang berlaku tentang                               regulations and laws governing the implementation of Good
pelaksanaan GCG.                                                                     Corporate Governance (GCG).


Hubungan afiliasi anggota Direksi, Dewan Komisaris, dan                              The table below displays the affiliation relationships of the
Pemegang Saham Utama tercermin pada tabel sebagai                                    members of the Board of Directors, Board of Commissioners,
berikut:                                                                             and Major Shareholders:




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                       Analisis dan Pembahasan Manajemen                Tata Kelola Perusahaan yang Baik             Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis               Good Corporate Governance                    Corporate Social and Environmental Responsibility




                                                                Hubungan Keluarga dengan /                                             Hubungan Keuangan dengan /
                                                                   Family Relations with                                                 Financial Relations with
                                                      Dewan                                                                 Dewan
                                                                                                    Pemegang                                                              Pemegang
                                                    Komisaris            Direksi / Board                                  Komisaris               Direksi / Board
                Nama / Name                                                                          Saham /                                                               Saham /
                                                    / Board of            of Directors                                    / Board of               of Directors
                                                                                                   Shareholders                                                          Shareholders
                                                  Commissioners                                                         Commissioners
                                                   Ya /       Tidak /      Ya /      Tidak /       Ya /    Tidak /       Ya /       Tidak /        Ya /      Tidak /     Ya /   Tidak /
                                                   Yes          No         Yes         No          Yes       No          Yes          No           Yes         No        Yes      No
                                                              Dewan Komisaris / Board of Commissioners

Alex Iskandar Munaf

Chowadja Sanova

Hadi Daryanto

Inosentius Samsul

                                                                        Direksi / Board of Directors

Suherman Yahya

Muhammad Syafitri

Rahmat Hidayat




PENGUNGKAPAN RANGKAP JABATAN DEWAN                                                          DISCLOSURE OF CONCURRENT POSITIONS OF
KOMISARIS DAN DIREKSI                                                                       THE BOARD OF COMMISSIONERS AND BOARD OF
                                                                                            DIRECTORS
Berikut ini tabel yang menunjukkan hubungan kepengurusan                                    The table below depicts the management relationships that
antar anggota Direksi pada perusahaan lain dalam periode                                    exist between the members of the Board of Directors in
tahun 2023.                                                                                 various companies during the 2023 period.
                                          Kepengurusan pada Perusahaan/Institusi Lain / Management of Other Companies/Institutions
                                    Sebagai Anggota Dewan
                                                                                       Sebagai Anggota Direksi / As a
                                  Komisaris / As a Member of the                                                                           Jabatan Lainnya / Other Positions
                                                                                      Member of the Board of Directors
                                    Board of Commissioners
                                                            Dewan Komisaris / Board of Commissioners
Alex Iskandar Munaf

Chowadja Sanova

Hadi Daryanto

Inosentius Samsul
                                                                    Direksi / Board of Directors
Suherman Yahya

Muhammad Syafitri

Rahmat Hidayat




                                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
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                               Ikhtisar Kinerja              Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                               Performance Highlights        Management Report      Company Profile     Overview on Business Supports




Berikut rincian rangkap jabatan Dewan Komisaris dan Direksi                      The following information outlines the concurrent positions
pada perusahaan atau institusi lain:                                             held by the members of the Board of Commissioners and the
                                                                                 Board of Directors in other companies or institutions:
      Nama / Name                                   Jabatan pada Perusahaan/Instansi Lain / Position at Other Companies/Institutions
                                                        Dewan Komisaris / Board of Commissioners
                                 • Senior Lecturer Finance IPMI International Business School
Alex Iskandar Munaf
                                 • Senior Lecture Finance Swiss German University
Chowadja Sanova                  -
                                 Staf Khusus Menteri Perdagangan Bidang Promosi Perdagangan Dalam Negeri / Expert of the Minister of Trade
Hadi Daryanto
                                 for Domestic Trade Promotion
                                 Kepala Badan Keahlian (BK) Sekretariat Jenderal DPR RI / Head of the Expertise Body (BK) of the Secretariat
Inosentius Samsul
                                 General of the DPR RI
                                                                 Direksi / Board of Directors
                                 Ketua Dewan Pengawas Dana Pensiun Karyawan Semen Baturaja / Chairman of the Supervisory Board of the
Suherman Yahya
                                 Semen Baturaja Employee Pension Fund
Muhammad Syafitri                -
                                 Ketua Tim Task Force Remedial Recovery PT Semen Indonesia (Persero) Tbk (SIG) / Chair of the Remedial
Rahmat Hidayat
                                 Recovery Task Force Team PT Semen Indonesia (Persero) Tbk (SIG)



KEBIJAKAN PENGUNGKAPAN INFORMASI                                                 POLICY ON INFORMATION DISCLOSURE
KEPEMILIKAN SAHAM DEWAN KOMISARIS DAN                                            OF SHARES OWNERSHIP OF THE BOARD
DIREKSI                                                                          OF COMMISSIONERS AND THE BOARD OF
                                                                                 DIRECTORS
KEBIJAKAN KEPEMILIKAN SAHAM DEWAN KOMISARIS                                      POLICY ON SHARES OWNERSHIP OF THE BOARD OF
                                                                                 COMMISSIONERS
Kebijakan Kepemilikan Saham Dewan Komisaris Sebagai                              As part of the Company’s commitment to uphold GCG (Good
komitmen Perusahaan dalam menerapkan nilai-nilai GCG,                            Corporate Governance) values, we have a policy of disclosing
Perusahaan memiliki kebijakan pengungkapan kepemilikan                           the share ownership of our Board of Commissioners, in
saham Dewan Komisaris yang mengacu pada ketentuan                                accordance with the provisions of the Minister of State-
Peraturan Menteri Badan Usaha Milik Negara Nomor PER-2/                          Owned Enterprises Regulation No. PER-2/MBU/03/2023
MBU/03/2023 Tahun 2023 yang mewajibkan Dewan Komisaris                           of 2023 which requires the Board of Commissioners and
dan Direksi untuk melaporkan kepemilikan sahamnya pada                           Directors to report their share ownership in the relevant
BUMN bersangkutan dan perusahaan lain termasuk setiap                            SOEs and other companies including any changes thereto and
perubahannya serta berdasarkan Peraturan OJK No. 11/                             based on OJK Regulation No. 11/POJK.04/2017 concerning
POJK.04/2017 tentang Laporan Kepemilikan atau Setiap                             Ownership Reports or Any Changes in Ownership of Public
Perubahan Kepemilikan Saham Perusahaan Terbuka.                                  Company Shares.


Dalam hal ini, Perusahaan juga memperhatikan ketentuan                           In line with this commitment, the Company also adheres to
yang ada dalam Board Manual dan Piagam Direksi yang                              the provisions outlined in the Board Manual and the Board
memuat kebijakan pelaporan perubahan kepemilikan saham                           of Directors Charter. These policies require reporting of any
dilaporkan pada Perusahaan paling lambat 3 (tiga) hari kerja                     changes in share ownership to the Company within 3 (three)
setelah transaksi dilakukan dan selanjutnya dilaporkan                           working days of the transaction. Subsequently, the report
kepada Otoritas Jasa Keuangan dan melalui situs Bursa Efek                       must be submitted to the Financial Services Authority and
Indonesia.                                                                       posted on the Indonesia Stock Exchange website.


REALISASI TAHUN BUKU                                                             REALIZATION IN FISCAL YEAR
Seluruh anggota Dewan Komisaris dan Direksi telah                                All members of the Board of Commissioners and Board of
melaporkan daftar khusus yang memuat kepemilikan                                 Directors have reported their share ownership in the Company,
sahamnya atas Perusahaan maupun perusahaan lainnya.                              as well as any other companies, in a special register. It should




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                      Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis           Good Corporate Governance           Corporate Social and Environmental Responsibility




Seluruh Dewan Komisaris dan Direksi Perusahaan tidak                                   be noted that none of the Company’s Board of Commissioners
memiliki saham pada perusahaan lain, sedangkan informasi                               and Directors hold shares in other companies. Details of the
terkait kepemilikan saham Perusahaan oleh Dewan Komisaris                              Company’s share ownership by the Board of Commissioners
dan Direksi per 31 Desember 2023, adalah sebagaimana                                   and Directors as of December 31, 2023, are provided in the
terlampir pada tabel di bawah ini.                                                     table below.


        Nama / Name                                           Jabatan / Position                            Jumlah Lembar Saham / Number of Shares
                                                    Komisaris Utama/Independen /
Alex Iskandar Munaf                                                                                                                          -
                                                 President/Independent Commissioner
Chowadja Sanova                        Komisaris Independen / Independent Commissioner                                                       -
Hadi Daryanto                                              Komisaris / Commissioner                                                          -
Inosentius Samsul                                          Komisaris / Commissioner                                                          -
                                                                                                         16.098 lembar saham (0,00016%) / 16,098 shares
Suherman Yahya                                     Direktur Utama / President Director
                                                                                                                          (0.00016%)
Muhammad Syafitri                                             Direktur / Director                                                            -
Rahmat Hidayat                                                Direktur / Director                                                            -




Penilaian Dewan Komisaris dan Direksi
Assessment of the Board of Commissioners and Board of Directors

Penilaian Dewan Komisaris dan Direksi dilakukan secara                                 The assessment of the Board of Commissioners and Board of
berkala setiap tahunnya menggunakan kriteria yang telah                                Directors is carried out periodically every year using criteria
ditetapkan oleh Perseroan seperti pencapaian KPI (Key                                  set by the Company such as the achievement of KPI (Key
Performance Indicator) dalam RKAP (Rencana Kerja dan                                   Performance Indicator) in the RKAP (Company Work Plan and
Anggaran Perseroan) baik secara kolektif maupun kolegial                               Budget) both collectively and collegially and achievement of
dan pencapaian asesmen penerapan GCG.                                                  GCG implementation assessments.


PENILAIAN KINERJA DEWAN KOMISARIS                                                      PERFORMANCE ASSESSMENT OF THE BOARD OF
                                                                                       COMMISSIONERS
Pelaksanaan penilaian kinerja Dewan Komisaris dilakukan                                The performance assessment of the Board of Commissioners
setiap tahunnya oleh masing-masing Anggota Dewan                                       is carried out annually by each Member of the Board of
Komisaris   melalui    mekanisme              penilaian        sendiri     (self       Commissioners through a self-assessment mechanism based
assessment) berdasarkan kriteria-kriteria penilaian yang                               on assessment criteria related to the implementation of the
terkait dengan pelaksanaan tugas dan tanggung jawab Dewan                              duties and responsibilities of the Board of Commissioners.
Komisaris. Penilaian kinerja Dewan Komisaris dan Anggota                               The performance assessment of the Board of Commissioners
Dewan Komisaris dibahas dan diputuskan dalam Rapat                                     and Members of the Board of Commissioners is discussed
Dewan Komisaris dan dituangkan dalam bentuk laporan yang                               and decided at the Board of Commissioners Meeting and
selanjutnya akan dievaluasi oleh pemegang saham dalam                                  stated in the form of a report which will then be evaluated
RUPS Tahunan. Hasil penilaian kinerja Dewan Komisaris                                  by shareholders at the Annual GMS. The results of the
dan Anggota Dewan Komisaris menjadi penentu skema                                      performance assessment of the Board of Commissioners
remunerasi dan pemberian insentif bagi Anggota Dewan                                   and Members of the Board of Commissioners determine
Komisaris, dan menjadi dasar pertimbangan bagi Pemegang                                the remuneration scheme and provision of incentives for
Saham melalui RUPS untuk memberhentikan atau menunjuk                                  Members of the Board of Commissioners, and become the
kembali Anggota Dewan Komisaris yang bersangkutan.                                     basis for consideration for Shareholders through the GMS
                                                                                       to dismiss or reappoint the relevant Member of the Board of
                                                                                       Commissioners.




                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
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                               Ikhtisar Kinerja                Laporan Manajemen       Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                               Performance Highlights          Management Report       Company Profile     Overview on Business Supports




KRITERIA YANG DIGUNAKAN DALAM PENILAIAN                                            CRITERIA USED IN ASSESSMENT
Kriteria penilaian kinerja Dewan Komisaris didasarkan pada                         The performance assessment for the Board of Commissioners
hal-hal sebagai berikut:                                                           is based on the following criteria:
•     Efektivitas pelaksanaan program kerja komite-komite di                       •   Effectiveness of implementing the work programs of
      bawah Dewan Komisaris;                                                           committees under the Board of Commissioners;
•     Proses pelaksanaan tugas dan tanggung jawab oleh                             •   The process of carrying out duties and responsibilities by
      anggota Dewan Komisaris;                                                         members of the Board of Commissioners;
•     Penerapan GCG oleh anggota Dewan Komisaris;                                  •   Implementation of GCG by members of the Board of
                                                                                       Commissioners;
•     Kepatuhan terhadap peraturan yang berlaku                                    •    Compliance with applicable regulations


PENILAIAN KINERJA DEWAN KOMISARIS BERDASARKAN                                      ASSESSMENT OF THE BOARD OF COMMISSIONERS
KPI                                                                                PERFORMANCE BASED ON KPI
Indikator Pencapaian Kinerja/Key Performance Indicator                             Key Performance Indicators (KPI) for the Board of
(KPI) Dewan Komisaris merupakan ukuran penilaian atas                              Commissioners is a measure of assessment of the success
keberhasilan pelaksanaan tugas pengawasan dan pemberian                            of carrying out supervisory duties and providing advice to the
nasihat kepada Direksi sesuai ketentuan Anggaran Dasar                             Board of Directors in accordance with the provisions of the
dan peraturan perundang-undangan yang berlaku. Penilaian                           Articles of Association and applicable laws and regulations.
Kinerja Dewan Komisaris menggunakan kriteria yang                                  The Board of Commissioners' Performance Assessment uses
diterjemahkan ke dalam Key Performance Indicators (KPI)                            criteria that are translated into the Board of Commissioners'
Dewan Komisaris yang tertuang dalam Rencana Kerja dan                              Key Performance Indicators (KPI) contained in the Board of
Anggaran Dewan Komisaris. Adapun KPI Dewan Komisaris                               Commissioners' Work Plan and Budget. The KPIs of the Board
mencakup:                                                                          of Commissioners include:
1. Aspek Pengawasan dan Pengarahan                                                 1. Supervision and Direction Aspects
      a. Reviu/analisis kinerja perusahaan.                                            a. Review/analysis of company performance.
      b. Rapat Dewan Komisaris (jumlah rapat dan rata-rata                             b. Board of Commissioners Meetings (number of
         minimal kehadiran dalam rapat).                                                     meetings and minimal average attendance at
                                                                                             meetings).
      c. Monitoring/evaluasi Unit Produksi/Proyek Investasi.                           c. Monitoring/evaluation              of        Production   Units/
                                                                                             Investment Projects.
      d. Monitoring tindak lanjut hasil temuan Auditor.                                d. Monitoring the follow-up to the Auditor's findings.
2. Aspek Pelaporan                                                                 2. Reporting Aspect
      a. Menyusun dan menyampaikan Rencana Kerja dan                                   a. Prepare and submit the Annual Work Plan and Budget.
         Anggaran Tahunan.
      b. Menyampaikan            laporan                pelaksanaan        tugas       b. Submit reports on the implementation of supervisory
         pengawasan.                                                                         duties.
3. Aspek lain-lain (Peningkatan kompetensi)                                        3. Other aspects (competency development)


Kriteria penilaian kinerja Dewan Komisaris selama tahun                            The performance assessment criteria for the Board of
2023 diukur berdasarkan realisasi program kerja terhadap                           Commissioners throughout 2023 are measured based on the
target Rencana Kerja Tahunan Dewan Komisaris tahun 2023.                           realization of work programs against the targets of the Board
                                                                                   of Commissioners' Annual Work Plan for 2023.




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                      Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis            Good Corporate Governance              Corporate Social and Environmental Responsibility




PENILAIAN KINERJA DEWAN KOMISARIS BERDASARKAN                                           ASSESSMENT OF THE BOARD OF COMMISSIONERS
ASSESSMENT GCG                                                                          PERFORMANCE BASED ON GCG ASSESSMENT
Penilaian   Kinerja    Dewan         Komisaris             dengan     metode            The Performance Assessment of the Board of Commissioners
Assessment didasarkan pada penilaian dengan standar Asean                               using the Assessment method is based on an assessment
Corporate Governance Scorecard (ASEAN CG) yang merupakan                                using the ASEAN Corporate Governance Scorecard (ASEAN
standar penerapan praktik GCG berdasarkan prinsip                                       CG) standard which is a standard for implementing GCG
Organization for Economic Cooperation and Development                                   practices based on the principles of the Organization for
(OECD) yang dikeluarkan oleh ASEAN Capital Market Forum.                                Economic Cooperation and Development (OECD) issued by
                                                                                        the ASEAN Capital Market Forum.


PROSEDUR DAN PIHAK YANG MELAKUKAN PENILAIAN                                             ASSESSMENT PROCEDURES AND ASSESSOR
Penilaian terhadap kinerja Dewan Komisaris dilakukan oleh                               The assessment of the performance of the Board of
Rapat Umum Pemegang Saham (RUPS). Dewan Komisaris                                       Commissioners is carried out by the General Meeting
mempertanggungjawabkan pencapaian kinerjanya untuk                                      of Shareholders (GMS). The Board of Commissioners is
periode 2023 dengan menyampaikan laporan pelaksanaan                                    accountable for its performance achievements for the
tugas pengawasan dalam laporan tahunan Perusahaan,                                      2023 period by submitting a report on the implementation
kepada Pemegang Saham dalam RUPS yang diselenggarakan                                   of its supervisory duties in the Company's annual report to
pada tahun 2024.                                                                        Shareholders at the GMS held in 2024.


Penilaian kinerja Dewan Komisaris melalui asesmen GCG juga                              The performance assessment of the Board of Commissioners
dilakukan setiap tahunnya. Di tahun 2023, penilaian kinerja                             through GCG assessments is also carried out every year.
Dewan Komisaris untuk aspek GCG dilakukan oleh Konsultan                                In 2023, the performance assessment of the Board of
Independen dari PT Cita Negeri Amanah (Subsidiary of IICD).                             Commissioners for GCG aspects was carried out by an
                                                                                        Independent Consultant from PT Cita Negeri Amanah
                                                                                        (Subsidiary of IICD).


SKOR PENILAIAN MASING-MASING KRITERIA                                                   ASSESSMENT SCORE FOR EACH CRITERIA
Kinerja Dewan Komisaris di tahun 2023, dinilai telah berjalan                           The performance of the Board of Commissioners in 2023
dengan baik yang tercermin dalam skor assessment GCG                                    is considered to have gone well as reflected in the GCG
pada aspek Dewan Komisaris sebesar 56 kepatuhan dari 65                                 assessment score for the Board of Commissioners aspect
pertanyaan tiap parameter atau setara dengan persentase                                 of 56 compliance out of 65 questions for each parameter or
pencapaian sebesar 86,15% dari 100%. Berikut penjelasan                                 equivalent to an achievement percentage of 86.15% out of
hasil assessment atas kinerja Dewan Komisaris:                                          100%. The explanation of the results of the assessment of the
                                                                                        performance of the Board of Commissioners is as follows:
                                                                                     Jumlah              Jumlah Kepatuhan terhadap
             Indikator/Parameter Penentu / Determining                             Pertanyaan          Pertanyaan pada tiap Parameter                       Capaian (%) /
  No.
                       Indicators/Parameters                                       / Number of          / Number of Compliance with                       Achievements (%)
                                                                                    Questions           Questions for each Parameter
        Tugas dan Tanggung Jawab Direksi dan Dewan
   1.   Komisaris / Duties and Responsibilities of the Board of                            6                               6                                    100%
        Directors and Board of Commissioners
        Struktur Dewan Komisaris / Structure of the Board of
  2.                                                                                      24                              21                                   87,50%
        Commissioners
        Proses Dewan Komisaris / Board of Commissioners
  3.                                                                                      22                              19                                   86,36%
        Process
        Individu dalam Susunan Dewan Komisaris / Individuals
  4.                                                                                       6                               4                                   66,67%.
        in the Board of Commissioners
        Kinerja Dewan Komisaris / Performance of the Board of
  5.                                                                                       7                               6                                   85,71%
        Commissioners
                                Total                                                     65                              56                                   86,15%




                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
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                               Ikhtisar Kinerja              Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                               Performance Highlights        Management Report      Company Profile     Overview on Business Supports




REKOMENDASI HASIL PENILAIAN                                                      RECOMMENDATIONS FOR ASSESSMENT RESULTS
Berikut rekomendasi hasil penilaian Aspek Dewan Komisaris:                       Recommendations from the Board of Commissioners' Aspect
                                                                                 assessment results are as follows:
1. Menambah pihak independen atau mengganti anggota                              1. Add independent parties or replace non-independent
   yang tidak independen dengan anggota yang independen                             members with independent members in the membership
   pada      komposisi         keanggotaan              Komite    Nominasi/         composition of the Company's Nomination/Remuneration
   Remunerasi Perusahaan, sehingga jumlah porsi anggota                             Committee, so that the portion of members who come
   yang berasal dari pihak independen sampai menjadi                                from independent parties becomes larger (majority)
   lebih besar (mayoritas) dibandingkan pihak yang bukan                            compared to non-independent parties.
   independen.
2. Terkait      dengan       komite         audit,      disarankan      untuk    2. Regarding the audit committee, it is recommended to add
   menambahkan peran atau fungsinya, yakni tidak hanya                              to its role or function, namely not only recommending the
   merekomendasikan penunjukan auditor eksternal saja,                              appointment of an external auditor, but also providing
   namun juga sampai pada pemberian rekomendasi untuk                               recommendations for the dismissal of the Company's
   pemberhentian auditor eksternal perusahaan. Peran                                external auditor. This role or function should be outlined
   atau fungsi tersebut seharusnya dapat dituangkan atau                            or clearly defined in the audit committee charter.
   ditetapkan secara jelas dalam piagam komite audit.
3. Perusahaan perlu untuk menyusun dan mengungkapkan                             3. The Company needs to develop and disclose the criteria
   kriteria dan sekaligus proses dalam penyeleksian/                                as well as the process for selecting/ appointing new
   penunjukan kandidat komisaris perusahaan yang baru                               company commissioner candidates (not only limited to
   (tidak hanya terbatas pada kriteria komisaris independen                         the criteria for independent commissioners). Disclosure
   saja). Pengungkapan mengenai kriteria tersebut dapat                             regarding these criteria can be stated in the Board
   dituangkan di dalam Piagam Dewan (Board Manual atau                              Charter (Board Manual or BOC Charter).
   BOC Charter).
4. Dewan Komisaris atau organ Dekom (Komite) agar                                4. The Board of Commissioners or the Board of
   melakukan review terhadap sistem manajemen risiko dan                            Commissioners Committee shall review the Company's
   pengendalian internal perusahaan yang material (meliputi                         material risk management and internal control systems
   pengendalian operasional, keuangan dan kepatuhan),                               (including operational, financial and compliance controls),
   serta mengungkapkan informasi tersebut di dalam                                  and disclose this information in the Annual Report.
   Laporan Tahunan (Annual Report).
5. Mengajukan usulan mengenai jabatan komisaris utama                            5. Submit a proposal regarding the position of the
   perusahaan sebaiknya ditempati oleh pihak atau seorang                           Company's President Commissioner which should be
   komisaris independen dan disampaikan pada RUPS saat                              occupied by a party or an independent commissioner and
   berakhirnya periode masa jabatan dewan komisaris saat                            submit it to the GMS at the end of the term of office of
   ini, atau kedepannya dapat dipertimbangkan mengenai                              the current board of commissioners, or in the future it
   adanya kebijakan yang mensyaratkan bahwa untuk jabatan                           could be considered regarding the existence of a policy
   komisaris utama perusahaan seharusnya merupakan                                  requiring that the position of the Company's President
   komisaris independen.                                                            Commissioner should be an independent commissioner.
6. Perusahaan disarankan untuk memuat tugas dan                                  6. The Company is advised to include the duties and
   tanggung jawab komisaris utama dalam pedoman kerja                               responsibilities of the main commissioner in the board's
   dewan dan mengungkapkannya ke publik.                                            work guidelines and disclose them to the public.
7. Apabila belum dimungkinkan untuk jabatan komisaris                            7. If it is not yet possible for the position of President
   utama perusahaan berasal dari pihak independen,                                  Commissioner of the Company to come from an
   maka sebaiknya perusahaan perlu untuk menunjuk                                   independent party, then the Company should appoint
   seorang komisaris independen untuk menjalankan peran                             an independent commissioner to carry out the role as
   sebagaimana yang dilakukan oleh komisaris utama                                  carried out by the Company's President Commissioner.
   perusahaan.




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                     Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis      Good Corporate Governance             Corporate Social and Environmental Responsibility




8. Perusahaan perlu menyusun program orientasi yang                              8. The Company needs to prepare an orientation program
   diperuntukkan bagi setiap anggota dewan komisaris                                   for each new member of the Company's board of
   perusahaan yang baru. Jadi bukan hanya untuk para                                   commissioners. Thus, it's not just for members of the
   anggota direksi perusahaan saja.                                                    Company's directors.
9. Perusahaan juga perlu menyusun kebijakan yang dapat                           9. The Company also needs to develop policies that can
   mendorong para anggota dewan komisaris untuk                                        encourage members of the board of commissioners to
   mengikuti    program-program               pelatihan   rutin,     baik              take part in regular training programs, both professional
   pelatihan profesional maupun pelatihan mengenai GCG                                 training and training regarding GCG and disclose
   dan mengungkapkan informasi mengenai hal tersebut ke                                information regarding this matter to the public.
   publik.
10. Dewan Komisaris perlu menyusun dan mengungkapkan                             10. The Board of Commissioners needs to prepare and
   mengenai rencana suksesi yang diperuntukkan untuk                                   disclose a succession plan for the position of President
   posisi Direktur Utama.                                                              Director.
11. Perusahaan disarankan untuk melakukan penilaian kinerja                      11. The Company is advised to conduct an annual
   tahunan terhadap setiap atau masing-masing anggota                                  performance assessment of each or every member of
   dewan komisaris (atau mengungkapkannya jika sudah ada                               the board of commissioners (or disclose it if this practice
   praktik ini) serta disarankan juga untuk mengungkapkan                              already exists) and is also advised to disclose the process
   proses yang terjadi selama penilaian kinerja tersebut                               that occurs during the performance assessment as well
   serta kriteria-kriteria yang digunakan dalam penilaian                              as the criteria used in the performance assessment in
   kinerja dimaksud.                                                                   question.
12. Perusahaan disarankan agar mengungkapkan ke publik                           12. The Company is advised to disclose to the public the
   terkait mekanisme atau proses penilaian kinerja tahunan                             mechanism or process for annual performance evaluation
   terhadap komite-komite atau organ pendukung di bawah                                of committees or supporting organs under the Board of
   Dewan Komisaris. Pengungkapan tersebut dapat melalui                                Commissioners. This disclosure can be made through the
   Committee Charter ataupun Annual Report perusahaan.                                 Committee Charter or the Company's Annual Report.


PENILAIAN KINERJA DIREKSI                                                        BOARD OF DIRECTORS PERFORMANCE
                                                                                 ASSESSMENT
Pelaksanaan penilaian kinerja Direksi dilakukan setiap                           The performance assessment of the Board of Directors is
tahunnya oleh masing-masing Anggota Direksi melalui                              carried out annually by each Member of the Board of Directors
mekanisme penilaian sendiri (self assessment) berdasarkan                        through a self-assessment mechanism based on assessment
kriteria-kriteria penilaian yang terkait dengan pelaksanaan                      criteria related to the implementation of the duties and
tugas dan tanggung jawab Direksi. Penilaian kinerja Direksi                      responsibilities of the Board of Directors. The performance
dibahas dan diputuskan dalam Rapat Direksi dan dituangkan                        assessment of the Board of Directors is discussed and decided
dalam bentuk laporan yang selanjutnya akan dievaluasi oleh                       at the Board of Directors Meeting and stated in the form of
pemegang saham dalam RUPS Tahunan. Hasil penilaian                               a report which will then be evaluated by shareholders at the
kinerja Direksi menjadi penentu skema remunerasi dan                             Annual GMS. The results of the performance assessment of
pemberian insentif bagi Anggota Direksi, dan menjadi dasar                       the Board of Directors determine the remuneration scheme
pertimbangan bagi Pemegang Saham melalui RUPS untuk                              and provision of incentives for members of the Board of
memberhentikan atau menunjuk kembali Anggota Direksi                             Directors, and become the basis for consideration for
yang bersangkutan.                                                               Shareholders through the GMS to dismiss or reappoint the
                                                                                 relevant Member of the Board of Directors.


KRITERIA YANG DIGUNAKAN DALAM PENILAIAN                                          CRITERIA USED IN ASSESSMENT
Kriteria evaluasi kinerja Direksi ditetapkan dalam RUPS                          The Directors' performance evaluation criteria are determined
berdasarkan Key Performance Indicator (KPI). Kriteria evaluasi                   at the GMS based on Key Performance Indicators (KPI). The
kinerja Direksi setidaknya sebagai berikut :                                     performance evaluation criteria for the Board of Directors are
                                                                                 at least as follows:




                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                Ikhtisar Kinerja              Laporan Manajemen       Profil Perusahaan          Tinjauan Unit Pendukung Bisnis
                                Performance Highlights        Management Report       Company Profile            Overview on Business Supports




•    Efektivitas pelaksanaan program kerja organ-organ                            •   Effectiveness of implementation of work programs of
     pendukung di bawah Direksi;                                                      supporting organs under the Board of Directors;
•    Proses pelaksanaan tugas dan tanggung jawab oleh                             •   The process of carrying out duties and responsibilities by
     Anggota Direksi;                                                                 members of the Board of Directors;
•    Penerapan GCG oleh Anggota Direksi;                                          •   Implementation of GCG by members of the Board of
                                                                                      Directors;
•    Kepatuhan terhadap peraturan-peraturan perundang-                            •   Compliance with applicable laws and regulations and
     undangan yang berlaku serta kebijakan Perseroan.                                 Company policies.
•    Penyusunan KPI dan evaluasi pencapaiannya.                                   •   Preparation of KPIs and evaluation of their achievements.
•    Tingkat kehadirannya dalam Rapat Direksi maupun Rapat                        •   Level of attendance at Board of Directors’ Meetings and
     Dewan Komisaris.                                                                 Board of Commissioners' Meetings.
•    Kontribusi dalam aktivitas bisnis Perseroan.                                 •   Contribution to the Company's business activities.
•    Keterlibatan dalam penugasan-penugasan tertentu.                             •   Involvement in certain assignments.
•    Komitmennya dalam memajukan kepentingan Perseroan.                           •   Commitment to advancing the Company's interests.
•    Pencapaian target Perseroan yang tertuang dalam RKAP                         •   Achievement of the Company's targets as stated in the
     dan Kontrak Manajemen                                                            RKAP and Management Contract.


PENILAIAN KINERJA DIREKSI DIUKUR BERDASARKAN KPI                                  BOARD OF DIRECTORS PERFORMANCE ASSESSMENT IS
                                                                                  MEASURED BASED ON KPI
Penilaian terhadap kinerja Direksi salah satunya diukur                           One way to assess the performance of the Board of Directors
berdasarkan pencapaian Key Performance Indicator (KPI)                            is based on the achievement of the Board of Directors Key
Direksi di dalam Kontrak Manajemen, sehubungan dengan                             Performance Indicators (KPI) in the Management Contract, in
telah bergabungnya Semen Baturaja ke dalam SIG. Tahun                             connection with the Semen Baturaja's joining into SIG. 2023
2023 menjadi tahun pertama untuk Kontrak Manajemen                                was the first year for the Company's Management Contract
Perseroan ditetapkan oleh SIG selaku induk holding dan SMBR                       to be determined by SIG as the parent holding company
menjadi salah satu Operating Company (Opco), penilaian                            and SMBR as one of the Operating Companies (Opco).
kinerja Direksi ditentukan oleh 2 (dua) aspek, yaitu:                             The performance assessment of the Board of Directors is
                                                                                  determined by 2 (two) aspects, namely:
    No.   Item KPI / KPI Item           Target           Bobot / Value                                    Penjelasan / Description
                                                                       Kinerja Bisnis dinilai dari pencapaian Perusahaan atas target item kinerja
            Kinerja Bisnis
                                                                       bisnis sebagaimana telah ditetapkan holding. / Business performance is
    1.       / Business                         100%               65%
                                                                       assessed by the Company's achievement of business performance target
            Performance
                                                                       items as determined by the holding company.
                                                                       Aspirasi Holding dinilai dari kemampuan perusahaan dalam memenuhi
                                                                       instruksi dan arahan Holding. Penilaian akan dilakukan melalui survei oleh
                                                                       seluruh anggota Direksi PT Semen Indonesia (Persero) Tbk berdasarkan
           Aspirasi Holding                                            rekapitulasi arahan Holding yang dikumpulkan oleh Department of Portofolio
    2.        / Holding                         100%               35% Management SIG. / Holding's aspirations are assessed from the Company's
             Aspirations                                               ability to fulfill Holding's instructions and directions. The assessment will be
                                                                       carried out through a survey by all members of the Board of Directors of PT
                                                                       Semen Indonesia (Persero) Tbk based on a recapitulation of Holding directives
                                                                       collected by the Department of Portfolio Management of SIG.
          Total Bobot                                            100%




Adapun target- target KPI Direksi di tahun 2023 yang                              The KPI targets for the Board of Directors in 2023 stated in
tercantum dalam Kontrak Manajemen pada item Kinerja                               the Management Contract under the Business Performance
Bisnis adalah sebagai berikut :                                                   item are as follows:




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                           Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                           Management Discussion and Analysis          Good Corporate Governance                   Corporate Social and Environmental Responsibility




                                                                                                            Target RKAP/ Kontrak                                        Bobot (%)
                                                                                                             Manajemen / RKAP                           Polaritas /      / Value
  No.                      Key Performance Indicator                                 Satuan / Unit                                                                         (%)
                                                                                                               Target/ Contract                          Polarity
                                                                                                                 Management                                               Total
  A.                                  Nilai Ekonomi dan Sosial untuk Indonesia / Economic and Social Value for Indonesia
          Finansial / Finance
   1.     OEE (Net Kiln)                                                                     %                             85                            Maximize          10
  2.      MTBF (Kiln)                                                                 Jam / Hour                           278                           Maximize          10
  3.      Specific Thermal Energy Consumption                                       kcal/kg Clinker                       790                             Minimize         10
  4.      Thermal Substitution Rate                                                          %                             2,4                           Maximize              5
  5.      Safety Performance                                                                 %                             100                           Maximize              5
  6.      PROPER                                                                           Index                            4                            Maximize              5
   7.     Culture Readiness                                                                  %                             100                           Maximize              5
  8.      Sinergi Value Integrasi SIG-SMBR / Synergy of GIS-                           Rp Miliar /
                                                                                                                           187                           Maximize              5
          SMBR Value Integration                                                       Rp Billion
  9.      OPEX (Excl. Depr & Man Power)                                                Rp Miliar /
                                                                                                                           103                            Minimize             9
                                                                                       Rp Billion
  B.                                                   Inovasi Model Bisnis / Business Model Innovation
   1.     Biaya Pemeliharaan terkait Aktivitas Produksi Semen
          / Maintenance Costs related to Cement Production                              Rp Miliar                           61                            Minimize         10
          Activities
  2.      Clinker Factor PCC Reguler / Regular PCC Clinker Factor                            %                            62,5                            Minimize         10
  3.      Specific Electrical Energy Consumption (SEEC) up to
                                                                                        kWh/Ton                            79                             Minimize             5
          cement
  4.      Design Capacity / Jumlah Karyawan / Design Capacity /
                                                                                            Ton                          4.449                           Maximize              3
          Number of Employees
  C.                                                 Kepemimpinan Teknologi / Technology Leadership
   1.     Project Automation Utilization Rate                                                %                             85                            Maximize              5
  D.                                                     Peningkatan Investasi / Increased Investment
   1.     TKDN Spare Part                                                              Rp Miliar /
                                                                                                                          10,9                           Maximize              3
                                                                                       Rp Billion
  E.                                                     Pengembangan Talenta / Talent Development


PENILAIAN KINERJA DIREKSI BERDASARKAN ASSESSMENT                                           BOARD OF DIRECTORS PERFORMANCE ASSESSMENT
GCG                                                                                        BASED ON THE GCG ASSESSMENT
Penilaian Kinerja Direksi dengan metode Assessment                                         The        Directors'       Performance                Assessment           using       the
didasarkan pada penilaian dengan standar Asean Corporate                                   Assessment method is based on an assessment using
Governance Scorecard (ASEAN CG) yang merupakan standar                                     the ASEAN Corporate Governance Scorecard (ASEAN CG)
penerapan praktik GCG berdasarkan prinsip Organization                                     standard which is a standard for implementing GCG practices
for Economic Cooperation and Development (OECD) yang                                       based on the principles of the Organization for Economic
dikeluarkan oleh ASEAN Capital Market Forum.                                               Cooperation and Development (OECD) issued by the ASEAN
                                                                                           Capital Market Forum.


PROSEDUR DAN PIHAK YANG MELAKUKAN PENILAIAN                                                ASSESSMENT PROCEDURES AND ASSESSOR
Penilaian terhadap kinerja Direksi dilaksanakan dengan                                     Assessment of the performance of the Board of Directors is
menggunakan indikator dan kriteria yang telah ditetapkan.                                  carried out based on predetermined indicators and criteria.
Direksi     mempertanggungjawabkan                        kinerjanya      selama           The Board of Directors is accountable for its performance
periode 2023 pada RUPS yang akan diselenggarakan pada                                      during the 2023 period at the GMS which was held in 2024.
tahun 2024.




                                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja              Laporan Manajemen            Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                             Performance Highlights        Management Report            Company Profile         Overview on Business Supports




Penilaian kinerja Direksi melalui asesmen GCG juga dilakukan                     Assessment of the performance of the Board of Directors
setiap tahunnya. Di tahun 2023, penilaian kinerja Direksi                        through GCG assessments is also carried out every year. In
untuk aspek GCG dilakukan oleh Konsultan Independen dari                         2023, the performance assessment of the Board of Directors
PT Cita Negeri Amanah (Subsidiary of IICD).                                      for GCG aspects was carried out by an Independent Consultant
                                                                                 from PT Cita Negeri Amanah (Subsidiary of IICD).


SKOR PENILAIAN MASING-MASING KRITERIA                                            ASSESSMENT SCORE FOR EACH CRITERIA
1. Berdasarkan Pencapaian KPI                                                    1. Based on KPI Achievement
   Perusahaan telah menetapkan capaian kinerja tahun                                    The Company has determined performance achievements
   2023 yang dimuat dalam Key Performance Indicator (KPI).                              for 2023 which are included in the Key Performance
   Di tahun 2023, Perusahaan berhasil mencapai nilai 97,71%                             Indicator (KPI). In 2023, the Company achieved 97.71% of
   dari total keseluruhan target yang telah dicanangkan.                                the total value of the targets that had been set.


   Tabel di bawah ini merupakan perincian pencapaian KPI                                The table below is a breakdown of the Company's KPI
   Perusahaan di tahun 2023.                                                            achievements in 2023.
                                                                                                            Bobot (%)               Realisasi / Realization
                                                              Satuan /                       Polaritas /
     No.           Key Performance Indicator                                   Target                        / Value          Nilai /                       Bobot /
                                                                Unit                          Polarity                                           %
                                                                                                               (%)            Score                          Value
      A                              Nilai Ekonomi dan Sosial untuk Indonesia / Economic and Social Value for Indonesia
       1    OEE (Net Kiln)                                        %                 85            Max                10            81,10          95,41         9,54
                                                                Jam /
      2     MTBF (Kiln)                                                            278            Max                10         202,40            72,81         7,28
                                                                Hour
                                                               kCal/kg
      3     Specific Thermal Energy Consumtion                                     790            Min                10         799,32            98,83         9,88
                                                               Clinker
      4     TSR                                                   %                2,4            Max                 5              3,01        110,00         5,50
      5     Safety Performance                                    %                100            Max                 5          146,00          110,00         5,50
      6     PROPER                                              Index                   4         Max                 5             4,00         100,00         5,00
      7     Culture Readiness                                     %                100            Max                 5         120,40           110,00         5,50
            Sinergi Value Integrasi SIG-SMBR /               Rp Miliar /
      8                                                                            187            Max                 5         288,00           110,00         5,50
            Synergy Value of GIS-SMBR Integration            Rp Billion
                                                             Rp Miliar /
      9     Opex (Exd Depr & ManPower                                              103            Min                 9          103,15           99,85         8,99
                                                             Rp Billion
      B                                                   Inovasi Model Bisnis / Business Model Innovation
            Biaya Pemeliharaan terkait Aktivitas
                                                    Rp Miliar /
       1    Produksi Semen / Maintenance Costs                                          61        Min                10           54,49           110,0         11,00
                                                    Rp Billion
            related to Cement Production Activities
      2     Clinker Factor PCC Reguler                            %               62,5            Min                10           62,70              99,7       9,97
            Specific Electrical Energy Consumption
      3                                                       kWh/Ton               79            Min                 5           82,69              95,5       4,78
            (SEEC) up to Cement
            Design Capacity / per Jumlah Karyawan
      4     / Design Capacity / per Number of                    Ton             4.449            Max                 3        4.519,77           101,6         3,05
            Employees
      C     Kepemimpinan Teknologi / Technology Leadership
       1    Project Automation Utilization Rate                   %                 85            Max                 5           55,08              64,8       3,24
      D     Peningkatan Investasi / Increased Investment
                                                             Rp Miliar /
       1    TKDN Spare Part                                                        10,9           Max                 3           10,84              99,4       2,98
                                                             Rp Billion
      E     Pengembangan Talenta / Talent Development
               Total Bobot / Total Values                                                                          100                                         97,71




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                     Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis       Good Corporate Governance             Corporate Social and Environmental Responsibility




2. Berdasarkan Skor Assessment GCG                                                2. Based on GCG Assessment Score
   Kinerja Direksi di tahun 2023 dinilai telah berjalan dengan                          The performance of the Board of Directors in 2023
   baik yang tercermin dalam perolehan skor assessment                                  is considered to have gone well, which is reflected in
   GCG pada aspek Direksi pada Indikator Tugas dan                                      the GCG assessment score obtained for the Board of
   Tanggung Jawab Direksi dan Dewan Komisaris sebesar                                   Directors aspect of the Duties and Responsibilities
   6 kepatuhan dari 6 pertanyaan parameter atau setara                                  Indicator for the Directors and Board of Commissioners
   dengan persentase pencapaian sebesar 100%.                                           of 6 compliance from 6 parameter questions or equivalent
                                                                                        to an achievement percentage of 100%.
                                                                                                      Jumlah Kepatuhan
                                                                                 Jumlah              terhadap Pertanyaan
                                                                                                                                                        Capaian (%) /
            Indikator/Parameter Penentu / Determining                          Pertanyaan           pada tiap Parameter /
     No.                                                                                                                                                Achievements
                      Indicators/Parameters                                    / Number of          Number of Compliance
                                                                                                                                                             (%)
                                                                                Questions           with Questions for each
                                                                                                          Parameter
      1.   Tugas dan Tanggung Jawab Direksi dan
           Dewan Komisaris / Duties and Responsibilities
                                                                                        6                              6                                    100%
           of the Board of Directors and Board of
           Commissioners
     2.    Struktur Dewan Komisaris / Structure of the
                                                                                       24                             21                                   87,50%
           Board of Commissioners
     3.    Proses Dewan Komisaris / Board of
                                                                                       22                             19                                   86,36%
           Commissioners Process
     4.    Individu dalam Susunan Dewan Komisaris /
                                                                                        6                              4                                   66,67%
           Individuals in the Board of Commissioners
     5.    Kinerja Dewan Komisaris / Performance of the
                                                                                        7                              6                                   85,71%
           Board of Commissioners
                                 Total                                                 65                             56                                   86,15%


   Berikut penjelasan hasil assessment atas kinerja Direksi                             Explanation of the results of the assessment of the
   pada Aspek Tugas dan Tanggung Jawab Direksi:                                         performance of the Board of Directors in the Duties and
                                                                                        Responsibilities Aspect of the Board of Directors is as
                                                                                        follows:
                                                                                                                                   Jawaban “Ya”
                                                                                                                                 atau “Tidak” atau
                                                                                                                                                               Skor /
     No.                               Indikator/Parameter / Indicators/Parameters                                                “N/A” / Answer
                                                                                                                                                               Score
                                                                                                                                  “Yes” or “No” or
                                                                                                                                       “N/A”
      1.   Apakah perusahaan mengungkapkan kebijakan tata kelola perusahaan/piagam dewan? /
                                                                                                                                        Ya / Yes                   1
           Does the Company disclose its corporate governance policy/board charter?
     2.    Apakah jenis keputusan yang memerlukan persetujuan direksi/komisaris diungkapkan? / Are
                                                                                                                                        Ya / Yes                   1
           the types of decisions that require approval from directors/ commissioners disclosed?
      3.   Apakah peran dan tanggung jawab direksi/komisaris sudah jelas? / Are the roles and
                                                                                                                                        Ya / Yes                   1
           responsibilities of directors/commissioners clear?
     4.    Apakah perusahaan memiliki pernyataan visi dan misi yang diperbarui? / Does the Company
                                                                                                                                        Ya / Yes                   1
           have an updated vision and mission statement?
      5.   Apakah dewan direksi memainkan peran utama dalam proses pengembangan dan peninjauan
           strategi perusahaan setidaknya setiap tahun? / Does the Board of Directors play a major role                                 Ya / Yes                   1
           in the Company's strategy development and review process at least annually?
     6.    Apakah dewan direksi memiliki proses untuk meninjau, memantau, dan mengawasi
           penerapan strategi perusahaan? / Does the Board of Directors have a process for reviewing,                                   Ya / Yes                   1
           monitoring, and overseeing the implementation of the company's strategy?
                                                          Total                                                                              6                     6




                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja              Laporan Manajemen       Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights        Management Report       Company Profile     Overview on Business Supports




REKOMENDASI HASIL PENILAIAN                                                    RECOMMENDATIONS FOR ASSESSMENT RESULTS
1. Perusahaan      disarankan          mengungkapkan            kebijakan      1. The Company is advised to disclose remuneration
   remunerasi untuk direksi, termasuk juga presiden                               policies for directors, including the President Director.
   direktur. Kebijakan remunerasi yang dimaksud mencakup                          The remuneration policy in question includes all types
   semua jenis tunjangan dan natura, tidak terbatas hanya                         of allowances and in-kind, not limited to providing short-
   pemberian insentif jangka pendek saja, namun juga                              term incentives, but also includes providing long-term
   mencakup pemberian insentif jangka panjang maupun                              incentives as well as incentives based on company
   insentif yang didasarkan pada kinerja perusahaan.                              performance. Thus, the remuneration policy/ practice
   Sehingga, kebijakan/praktik remunerasi anggota direksi                         for members of the board of directors at least details
   setidaknya merinci terkait gaji pokok, insentif atau                           the basic salary, incentives or tantiem (bonus) paid in the
   tantiem (bonus) yang dibayarkan dalam jangka pendek                            short term (annual bonus) and long term (in the form of
   (annual bonus) dan jangka panjang (dalam bentuk                                deferred stock). Performance measurement as a basis for
   deferred stock). Kinerja pengukuran sebagai basis                              determining bonuses (short term and long term), such as
   penetapan tantiem (jangka pendek dan jangka panjang),                          operating margin, free cash flow, or ROE, etc., should be
   seperti operating margin, free cash flow, atau ROE, dsb,                       disclosed.
   seharusnya diungkapkan.
2. Merumuskan kebijakan remunerasi dengan menetapkan                           2. Formulate a remuneration policy by setting measurable
   standar yang terukur yang mengaitkan antara kinerja                            standards that link the performance of directors to
   direksi dengan kepentingan jangka panjang perusahaan,                          the long-term interests of the Company, such as claw
   seperti adanya claw back provision, reward atau deferred                       back provisions, rewards or deferred bonuses that use
   bonuses yang menggunakan pengukuran-pengukuran,                                measurements, such as ROE, Cumulative Free Cash Flow,
   seperti ROE, Cummulative Free Cash Flow, Operating Profit                      Operating Profit or others.
   atau lainnya.


ALASAN BELUM/TIDAK DITERAPKANNYA REKOMENDASI                                   REASONS FOR NOT YET/NOT IMPLEMENTING
                                                                               RECOMMENDATIONS
Rekomendasi     tersebut       merupakan             rekomendasi       hasil   These recommendations are recommendations from the
penilaian tahun 2023 yang disampaikan pada awal tahun                          results of the 2023 assessment which were submitted at the
2024. Rekomendasi atas hasil penilaian tahun 2023 akan                         beginning of 2024. Recommendations based on the results of
ditindaklanjuti pada tahun 2024.                                               the 2023 assessment will be followed up in 2024.



Nominasi Dewan Komisaris dan Direksi
Nomination of the Board of Commissioners and Board of Directors

KEBIJAKAN & PROSEDUR NOMINASI DEWAN                                            BOARD OF COMMISSIONERS NOMINATION
KOMISARIS                                                                      POLICIES & PROCEDURES
Mekanisme nominasi Dewan Komisaris Perusahaan mengacu                          The nomination mechanism for the Company's Board of
kepada Peraturan Menteri Negara Badan Usaha Milik Negara                       Commissioners refers to the Regulation of the Minister of
No. PER-3/MBU/03/2023 tentang Organ dan Sumber Daya                            State for State-Owned Enterprises No. PER-3/MBU/03/2023
Manusia Badan Usaha Milik Negara. Maka sumber bakal calon                      concerning Organs and Human Resources of State-Owned
Dewan Komisaris/Dewan Pengawas BUMN berasal dari:                              Enterprises. Thus, the source of prospective candidates for
                                                                               the Board of Commissioners/Supervisory Board of BUMN
                                                                               comes from:
1. Mantan Direksi BUMN;                                                        1. Former Director of SOE;
2. Dewan Komisaris/Dewan Pengawas BUMN;                                        2. Board of Commissioners/Supervisory Board of SOEs;
3. Pejabat Struktural dan Pejabat Fungsional Pemerintah;                       3. Structural Officials and Functional Government Officials;
4. Sumber lain.                                                                4. Other sources.




454       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis          Good Corporate Governance                   Corporate Social and Environmental Responsibility




Bakal calon Dewan Komisaris yang akan ditetapkan menjadi                             Prospective candidates for the Board of Commissioners
calon Dewan Komisaris juga harus memenuhi persyaratan                                who will be appointed as candidates for the Board of
formal, persyaratan materiil dan persyaratan lain yang                               Commissioners must also fulfill the formal requirements,
ditetapkan dalam Peraturan Menteri Negara Badan Usaha                                material requirements, and other requirements stipulated
Milik Negara No. PER-3/MBU/03/2023 tentang Organ dan                                 in Regulation of the Minister of State for State-Owned
Sumber Daya Manusia Badan Usaha Milik Negara serta                                   Enterprises No. PER-3/MBU/03/2023 concerning Organs and
Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014                                 Human Resources of State-Owned Enterprises and Authority
tentang Direksi dan Dewan Komisaris Emiten atau                                      Regulations Financial Services No. 33/POJK.04/2014 on
Perusahaan Publik. Evaluasi pemenuhan Persyaratan Formal                             Board of Directors and Board of Commissioners of Issuers
dan Persyaratan Lain dilakukan oleh Deputi sedangkan                                 or Public Companies. Evaluation of fulfillment of Formal
Penilaian pemenuhan Persyaratan Materiil, dilakukan oleh tim                         Requirements and Other Requirements is carried out by
yang dibentuk oleh Menteri BUMN.                                                     the Deputy, while Assessment of fulfillment of Material
                                                                                     Requirements is carried out by a team formed by the Minister
                                                                                     of SOEs.


Bagi calon Dewan Komisaris yang telah dinyatakan memenuhi                            Candidates for the Board of Commissioners who have
Persyaratan Formal dan Persyaratan Lain serta telah                                  been declared to have met the Formal Requirements and
dilakukan Penilaian dengan kriteria “Disarankan”, dapat                              Other Requirements and have been assessed with the
ditetapkan menjadi anggota Dewan Komisaris. Sebelum                                  "Recommended" criteria can be appointed as members of
ditetapkan    menjadi    anggota          Dewan           Komisaris,    yang         the Board of Commissioners. Before being appointed as
bersangkutan harus menandatangani surat pernyataan                                   a member of the Board of Commissioners, the concerned
mengundurkan diri dari jabatan lain yang dilarang untuk                              person must sign a statement letter resigning from another
dirangkap dengan jabatan anggota Dewan Komisaris                                     position which is prohibited from being held concurrently with
terhitung sejak yang bersangkutan diangkat menjadi anggota                           the position of the Board of Commissioners starting from the
Dewan Komisaris (jika ada).                                                          time the concerned person is appointed as a member of the
                                                                                     Board of Commissioners (if any).


Anggota      Dewan   Komisaris/Dewan                Pengawas        terpilih         Elected members of the Board of Commissioners/
menandatangani surat pernyataan yang berisi kesanggupan                              Supervisory Board sign a statement letter containing their
untuk menjalankan tugas dengan baik dan bersedia                                     ability to carry out their duties properly and are willing to be
diberhentikan sewaktu-waktu berdasarkan pertimbangan                                 dismissed at any time based on the considerations of the
Menteri/RUPS.                                                                        Minister/ GMS.


KEBIJAKAN & PROSEDUR NOMINASI DIREKSI                                                BOARD OF DIRECTORS NOMINATION POLICIES &
                                                                                     PROCEDURES
Mekanisme nominasi Direksi Perusahaan mengacu kepada                                 The nomination mechanism for Company Directors refers to
Peraturan Menteri Negara Badan Usaha Milik Negara No.                                the Minister of State for State-Owned Enterprises Regulation
PER-3/MBU/03/2023 tentang Organ dan Sumber Daya                                      No. PER-3/MBU/03/2023 concerning Organs and Human
Manusia Badan Usaha Milik Negara. Sumber Talenta Direksi                             Resources of State-Owned Enterprises. Sources of Talent for
BUMN berasal dari:                                                                   SOEs Directors come from:
1. Talenta Kementerian BUMN;                                                         1. Talents of the Ministry of SOEs;
   a. Pejabat pimpinan tinggi madya;                                                       a. Middle leadership officials;
   b. Pejabat pimpinan tinggi pratama; dan/atau                                            b. Junior leadership officials; and/or
   c. Jabatan administrator serta pejabat fungsional yang                                  c. Administrator positions and functional officials whose
       memiliki jenjang paling rendah setara dengan pejabat                                         lowest level is equivalent to administrator officials.
       administrator.




                                                                                                                  2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile        Overview on Business Supports




2. Talenta BUMN                                                              2. SOE talent
   a. Direksi BUMN;                                                             a. SOE Directors;
   b. Karyawan yang jabatannya 1 (satu) tingkat di bawah                        b. employees whose positions are 1 (one) level below the
      Direksi BUMN;                                                                   SOE Directors;
   c. Direksi atau karyawan yang jabatannya 1 (satu) tingkat                    c. Directors or employees whose position is 1 (one)
      di bawah Direksi pada Anak Perusahaan/perusahaan                                level below the Directors in SOE Subsidiaries/joint
      patungan BUMN yang berkontribusi signifikan dan/                                companies who contribute significantly and/or have
      atau bernilai strategis bagi BUMN; dan/atau                                     strategic value to SOEs; and/or
   d. Direksi atau karyawan yang jabatannya 1 (satu)                            d. Directors or employees whose positions are 1 (one)
      tingkat di bawah Direksi pada Anak Perusahaan yang                              level below the Directors in Subsidiaries are treated
      diperlakukan sama dengan BUMN sesuai dengan                                     the same as SOE in accordance with the provisions of
      ketentuan peraturan perundang-undangan.                                         laws and regulations.
3. Talenta Eksternal                                                         3. External Talent


Bakal calon Direksi yang akan ditetapkan menjadi calon                       Prospective Director candidates who will be appointed as
Direksi juga harus memenuhi persyaratan formal dan                           Director candidates must also fulfill the formal requirements
persyaratan lain yang ditetapkan dalam Peraturan Menteri                     and other requirements stipulated in Regulation of the
Negara Badan Usaha Milik Negara No. PER-3/MBU/03/2023                        Minister of State for State-Owned Enterprises No. PER-3/
tentang Organ dan Sumber Daya Manusia Badan Usaha Milik                      MBU/03/2023 concerning Organs and Human Resources of
Negara serta Peraturan Otoritas Jasa Keuangan No. 33/                        State-Owned Enterprises and Financial Services Authority
POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten                      Regulation No. 33/POJK.04/2014 on Board of Directors and
atau Perusahaan Publik dan telah lulus Uji Kelayakan dan                     Board of Commissioners of Issuers or Public Companies and
Kepatutan.                                                                   has passed the Fit and Proper Test.


Kandidat yang telah dinyatakan lulus Uji Kelayakan dan                       Candidates who have passed the Fit and Proper Test must
Kepatutan harus menandatangani Kontrak Manajemen                             sign a Management Contract before their appointment as
sebelum ditetapkan pengangkatannya sebagai anggota                           a member of the Board of Directors is confirmed. Elected
Direksi. Anggota Direksi terpilih menandatangani surat                       members of the Board of Directors sign a statement letter
pernyataan yang berisi kesanggupan untuk menjalankan                         containing their ability to carry out their duties properly
tugas dengan baik dan bersedia diberhentikan sewaktu-                        and are willing to be dismissed at any time based on the
waktu berdasarkan pertimbangan Menteri/RUPS.                                 considerations of the Minister/ GMS.



Remunerasi Dewan Komisaris dan Direksi
Remuneration of the Board of Commissioners and Board of Directors

Penetapan remunerasi bagi Dewan Komisaris dan Direksi                        Determination of remuneration for the Company's Board
Perusahaan mengacu pada Peraturan Menteri Negara                             of Commissioners and Board of Directors refers to the
Badan Usaha Milik Negara No. PER-3/MBU/03/2023 tentang                       Regulation of the Minister of State for State-Owned
Organ dan Sumber Daya Manusia Badan Usaha Milik Negara                       Enterprises No. PER-3/MBU/03/2023 concerning Organs and
dan Surat Direktur Keuangan dan Manajemen Portofolio                         Human Resources of State-Owned Enterprises and Director
PT Semen Indonesia (Persero) Tbk Nomor 001106/SM/                            of Finance and Portfolio Management PT Semen Indonesia
SUP/50000793/2000/09.2023 tanggal 8 September 2023                           (Persero) Tbk No. 001106/SM/SUP/50000793/2000/09.2023
tentang Penetapan Tantiem Tahun Buku 2022 serta Gaji                         dated September 8, 2023 concerning Determination of Annual
Direksi dan honorarium Dewan Komisaris berikut Tunjangan                     Tantiem for 2022 Fiscal Year as well as Board of Directors
dan Fasilitas Lainnya untuk Tahun Buku 2023 j.o Surat                        Salaries and honorarium for the Board of Commissioners
Dewan Komisaris PT Semen Baturaja Tbk Nomor S-18/DK-                         along with Allowances and Other Facilities for the 2023 Fiscal
SB/IX/2023 tanggal 22 September 2023 perihal Penetapan                       Year j.o Letter from the Board of Commissioners of PT Semen




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                       Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis       Good Corporate Governance               Corporate Social and Environmental Responsibility




Tantiem Tahun Buku 2022 serta Remunerasi Direksi dan                                Baturaja Tbk No. S-18/DK-SB/IX/2023 dated September 22,
Dewan Komisaris tahun 2023 PT Semen Baturaja Tbk.                                   2023 regarding Determination of Tantiem for the 2022 Fiscal
                                                                                    Year and Remuneration of Board of Directors and Board of
                                                                                    Commissioners PT Semen Baturaja Tbk in 2023.


PROSEDUR PENGUSULAN REMUNERASI BAGI                                                 PROCEDURE FOR PROPOSING REMUNERATION
DEWAN KOMISARIS DAN DIREKSI                                                         FOR THE BOARD OF COMMISSIONERS AND
                                                                                    BOARD OF DIRECTORS
Prosedur pengusulan remunerasi Dewan Komisaris dan                                  The procedure for proposing remuneration for the Company's
Direksi Perusahaan adalah sebagai berikut:                                          Board of Commissioners and Board of Directors is as follows:


        Dewan Komisaris Menelaah Remunerasi dari Perusahaan dengan Bidang Usaha & Status yang Sama /
      The Board of Commissioners Reviews Remuneration from Companies with the Same Business Field & Status


                    Dewan Komisaris Melakukan Pembahasan Lanjutan dan Finalisasi Rekomendasi /
                 Board of Commissioners Conducts Follow-up Discussions and Finalizes Recommendations


Dewan Komisaris Membahas Rekomendasi atas Remunerasi yang Akan Diusulkan dan Persetujuan dari Pemegang Saham Seri A Dwiwarna atau Kuasanya /
 The Board of Commissioners Discusses Recommendations on Proposed Remuneration and Approval from Series A Dwiwarna Shareholders or their Proxies




                                Penyampaian Usulan & Rekomendasi Remunerasi dalam RUPS /
                             Submission of Remuneration Proposals & Recommendations at the GMS


                                                  Persetujuan Pemegang Saham dalam RUPS /
                                                        Shareholder approval at the GMS


Adapun mekanisme pengusulan remunerasi bagi Dewan                                   The mechanism for proposing remuneration for the Board of
Komisaris dan Direksi adalah sebagai berikut:                                       Commissioners and Board of Directors is as follows:
1. Dewan       Komisaris         melakukan              penelaahan      atas        1. The Board of Commissioners reviews the remuneration
   remunerasi yang diberikan di pasar untuk pekerjaan yang                                provided in the market for the work in question at other
   bersangkutan pada perusahaan lainnya dengan bidang                                     companies with the same line of business and status.
   usaha dan status yang sama.
2. Dengan memperhitungkan kinerja usaha Perusahaan dan                              2. Taking into account the Company's business performance
   kontribusi masing-masing individu, kemudian dilakukan                                  and the contribution of each individual, discussions
   pembahasan oleh Dewan Komisaris untuk menyiapkan                                       are then carried out by the Board of Commissioners to
   rekomendasi.                                                                           prepare recommendations.
3. Usulan remunerasi dari Dewan Komisaris disampaikan                               3. Remuneration proposals from the Board of Commissioners
   kepada pemegang saham untuk pembahasan dan                                             are submitted to shareholders for discussion and approval
   persetujuan dalam RUPS.                                                                at the GMS.




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 460
                              Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                              Performance Highlights         Management Report      Company Profile      Overview on Business Supports




PROSEDUR PENETAPAN REMUNERASI BAGI                                               PROCEDURE FOR DETERMINING REMUNERATION
DEWAN KOMISARIS DAN DIREKSI                                                      FOR THE BOARD OF COMMISSIONERS AND
                                                                                 DIRECTORS

   Keputusan RUPS terkait Pendelegasian Wewenang kepada Kuasa Pemegang Saham Seri A Dwiwarna & Dewan Komisaris untuk Menetapkan Besaran
  Penghasilan Dewan Komisaris & Direksi / GMS Resolution regarding Delegation of Authority to Proxies of Series A Dwiwarna Shareholders & the Board of
                             Commissioners to Determine the Income of the Board of Commissioners & Board of Directors



                            Pengkajian Usulan Besaran Penghasilan Dewan Komisaris & Direksi /
                    Review of proposed income levels for the Board of Commissioners & Board of Directors


  Surat Dewan Komisaris kepada Kuasa Pemegang Saham Seri A Dwiwarna perihal Usulan Penghasil Dewan Komisaris & Direksi / Letter from the Board of
    Commissioners to the Proxies of Series A Dwiwarna Shareholders regarding Proposed Results from the Board of Commissioners & Board of Directors




 Surat Penetapan oleh kuasa Pemegang Saham Seri A Dwiwarna atas Penghasilan Dewan Komisaris & Direksi / Letter of Determination
          by the proxy of the Series A Dwiwarna Shareholder on the Income of the Board of Commissioners & Board of Directors



   Surat Dewan Komisaris kepada Direksi terkait Penetapan Penghasilan Direksi & Dewan Komisaris / Letter from the Board of
 Commissioners to the Board of Directors regarding Determination of the Income of the Board of Directors & Board of Commissioners



Proses penetapan remunerasi didasarkan kajian dengan                             The process of determining remuneration is based on reviews
memperhatikan hal-hal antara lain:                                               taking into account:
1. Hasil kinerja keuangan dan pemenuhan cadangan                                 1. Financial performance results and fulfillment of reserves
   sebagaimana         diatur     dalam          peraturan      perundang-          as regulated in applicable laws and regulations.
   undangan yang berlaku.
2. Kewajaran dengan peer group.                                                  2. Fairness with peer groups.
3. Pertimbangan sasaran dan strategi jangka panjang                              3. Consideration of the Company's long-term goals and
   Perusahaan.                                                                      strategies.


Perusahaan senantiasa memberikan penghargaan yang                                The Company always provides appropriate rewards in the
layak berupa penghasilan yang memberikan motivasi kepada                         form of income that motivates the Board of Commissioners
Dewan Komisaris dan Direksi atas kontribusinya terhadap                          and Board of Directors for their contribution to the Company.
Perusahaan. Pemberian remunerasi Dewan Komisaris dan                             Remuneration for the Board of Commissioners and Board of
Direksi tidak hanya didasarkan kepada Key Performance                            Directors is not only based on the annual Key Performance
Indicator (KPI) tahunan, tetapi juga pencapaian jangka                           Indicator (KPI), but also short- and long-term achievements
pendek maupun panjang sebagai hasil dari sistem yang telah                       as a result of the system that has been established.
dibangun.


Dewan Komisaris menyampaikan usulan tersebut kepada                              The Board of Commissioners submitted this proposal to the
Kementerian BUMN selaku Pemegang Saham Seri A Dwiwarna                           Ministry of SOEs as the Series A Dwiwarna Shareholder and
dan PT Semen Indonesia (Persero) Tbk selaku Pemegang                             PT Semen Indonesia (Persero) Tbk as the Majority Series
Saham Seri B Terbanyak melalui Surat No. S-07/DK-SB/                             B Shareholder through Letter No. S-07/DK-SB/IV/2023
IV/2023 tanggal 11 April 2023 perihal Usulan Tantiem Tahun                       dated April 11, 2023 concerning Proposed Tantiem for the
Buku 2022 dan Remunerasi Tahun Buku 2023 bagi Direksi                            2022 Fiscal Year and Remuneration for the 2023 Fiscal Year
dan Dewan Komisaris PT Semen Baturaja Tbk. Persetujuan                           for the Board of Directors and Board of Commissioners of
Pemegang Saham Seri B Terbanyak selaku kuasa Pemegang                            PT Semen Baturaja Tbk. Approval of the Majority Series B
Saham Seri A Dwiwarna melalui surat Direktur Keuangan dan                        Shareholders as proxies for Series A Dwiwarna Shareholders




458         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                    Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis         Good Corporate Governance              Corporate Social and Environmental Responsibility




Manajemen Portofolio PT Semen Indonesia (Persero) Tbk                              through a letter from the Director of Finance and Portfolio
Nomor 001106/SM/SUP/50000793/2000/09.2023 tanggal                                  Management of PT Semen Indonesia (Persero) Tbk No.
8 September 2023 tentang Penetapan Tantiem Tahun Buku                              001106/SM/SUP/50000793/2000/09.2023 dated September
2022 serta Gaji Direksi dan Honorarium Dewan Komisaris                             8, 2023 concerning Determination of Tantiem for the 2022
berikut Tunjangan dan Fasilitas Lainnya untuk Tahun Buku                           Fiscal Year and Salaries of the Board of Directors and Board
2023.                                                                              of Commissioners Honorarium along with Allowances and
                                                                                   Other Facilities for the 2023 Fiscal Year.


Remunerasi Dewan Komisaris dan Direksi PT Semen                                    The remuneration for the Board of Commissioners and Board
Baturaja Tbk tahun 2023 diusulkan kepada RUPS Tahunan                              of Directors of PT Semen Baturaja Tbk in 2023 was proposed
pada tanggal 8 Mei 2023 pada mata acara keempat, yakni                             to the Annual GMS on May 8, 2023, on the fourth agenda item,
Penetapan Tantiem untuk Direksi dan Dewan Komisaris                                namely Determination of Tantiem for the Company's Board
Perusahaan Tahun Buku 2022 dan Penghasilan Direksi dan                             of Directors and Board of Commissioners for the 2022 Fiscal
Dewan Komisaris untuk Tahun Buku 2023. Berikut hasil                               Year and the Income of the Board of Directors and Board of
keputusan RUPST tersebut:                                                          Commissioners for the 2023 Fiscal Year. The resolutions of
                                                                                   the AGMS are as follows:
1. Menyetujui memberikan wewenang dan kuasa kepada                                 1. Approved to delegate authority and power of attorney
   Pemegang Saham Seri A Dwiwarna melalui PT Semen                                       to Series A Dwiwarna Shareholders through PT Semen
   Indonesia   (Persero)       Tbk       selaku          Kuasanya     guna               Indonesia (Persero) Tbk as their Proxy to determine the
   menetapkan besarnya tantiem untuk Tahun Buku 2022,                                    amount of the bonus for the 2022 Fiscal Year, as well as
   serta menetapkan honorarium, tunjangan dan fasilitas                                  determine the honorarium, allowances, and facilities for
   bagi anggota Dewan Komisaris untuk tahun 2023; dan                                    members of the Board of Commissioners for 2023; and
2. Menyetujui memberikan wewenang dan kuasa kepada                                 2. Approved to delegate authority and power to the Board of
   Dewan Komisaris dengan terlebih dahulu mendapatkan                                    Commissioners by first obtaining written approval from
   persetujuan tertulis dari PT Semen Indonesia (Persero)                                PT Semen Indonesia (Persero) Tbk as the Proxy for Series
   Tbk selaku Kuasa Pemegang Saham Seri A Dwiwarna                                       A Dwiwarna Shareholders to determine the amount of the
   guna menetapkan besarnya tantiem untuk Tahun Buku                                     bonus for the 2022 Fiscal Year, as well as determining
   2022, serta menetapkan gaji, tunjangan dan fasilitas bagi                             the salaries, allowances and facilities for the Board of
   Direksi untuk tahun 2023.                                                             Directors for in 2023.


Berdasarkan keputusan RUPS Tahunan Tahun Buku 2023                                 Based on the decision of the 2023 Annual GMS, Shareholders
tersebut, Pemegang Saham menyetujui terkait usulan di                              approved the above proposal. With reference to the GMS
atas. Dengan mengacu pada keputusan RUPS dan Peraturan                             decision and Regulation of the Minister of State-Owned
Menteri Negara Badan Usaha Milik Negara No. PER-3/                                 Enterprises No. PER-3/MBU/03/2023 concerning Organs and
MBU/03/2023 tentang Organ dan Sumber Daya Manusia                                  Human Resources of State-Owned Enterprises and Letter
Badan Usaha Milik Negara dan Surat Direktur Keuangan dan                           from the Director of Finance and Portfolio Management
Manajemen Portofolio PT Semen Indonesia (Persero) Tbk                              of PT Semen Indonesia (Persero) Tbk No. 001106/SM/
Nomor 001106/SM/SUP/50000793/2000/09.2023 tanggal                                  SUP/50000793/2000/09.2023 dated September 8, 2023
8 September 2023 tentang Penetapan Tantiem Tahun Buku                              concerning Determination Tantiem for the 2022 Fiscal
2022 serta Gaji Direksi dan honorarium Dewan Komisaris                             Year as well as Board of Directors Salaries and Board of
berikut Tunjangan dan Fasilitas Lainnya untuk Tahun Buku                           Commissioners' honorarium as well as Other Allowances and
2023 yang mengatur antara lain:                                                    Facilities for the 2023 Fiscal Year which regulates, among
                                                                                   other things:
1. Besaran Gaji/Honorarium, Tunjangan, dan Fasilitas untuk                         1. Amount of Salary/Honorarium, Allowances, and Facilities
   Direksi dan Dewan Komisaris Tahun Buku 2023                                           for Board of Directors and Board of Commissioners for
                                                                                         2023 Fiscal Year




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                             Performance Highlights          Management Report            Company Profile               Overview on Business Supports




2. Total Tantiem beserta proporsi pembagiannya untuk                                  2. Total Tantiem and the proportion of distribution for the
   Direksi dan Dewan Komisaris atas kinerja Tahun Buku                                    Board of Directors and Board of Commissioners for the
   2022                                                                                   2022 Fiscal Year
3. Dasar penetapan tunjangan dan/atau fasilitas bagi Dewan                            3. The basis for determining allowances and/or facilities for
   Komisaris dan Direksi mengacu pada Surat dari Asisten                                  the Board of Commissioners and Board of Directors refers
   Deputi Bidang Jasa Infrastruktur Kementerian BUMN                                      to the Letter from the Assistant Deputy for Infrastructure
   RI No. SR-45/Wk2.MBU.D/08/2022 tanggal 31 Agustus                                      Services at the Ministry of State-Owned Enterprises
   2022 perihal Penetapan Penghasilan Direksi dan Dewan                                   of the Republic of Indonesia No. SR-45/Wk2.MBU.D/
   Komisaris PT Semen Baturaja Tbk Tahun 2022.                                            08/2022 dated August 31, 2022 concerning Determination
                                                                                          of the Income of the Board of Directors and Board of
                                                                                          Commissioners of PT Semen Baturaja Tbk for 2022.


DASAR PENETAPAN                                                                       BASIS FOR DETERMINATION
Dasar penetapan remunerasi Dewan Komisaris dan Direksi                                The basis for determining the remuneration of the Board
mengacu pada Surat Direktur Keuangan dan Manajemen                                    of Commissioners and Board of Directors refers to the
Portofolio PT Semen Indonesia (Persero) Tbk Nomor 001106/                             Letter of the Director of Finance and Portfolio Management
SM/SUP/50000793/2000/09.2023 tanggal 8 September 2023                                 of PT Semen Indonesia (Persero) Tbk No. 001106/SM/
tentang Penetapan Tantiem Tahun Buku 2022 serta Gaji                                  SUP/50000793/2000/09.2023 dated September 8, 2023
Direksi dan honorarium Dewan Komisaris berikut Tunjangan                              concerning Determination of Tantiem for the 2022 Fiscal
dan Fasilitas Lainnya untuk Tahun Buku 2023                                           Year as well as Board of Directors Salaries and Board of
                                                                                      Commissioners' honorarium as well as allowances and other
                                                                                      facilities for the 2023 fiscal year


Berikut komponen Gaji/Honorarium, Tunjangan dan Fasilitas                             Components of Salary/Honorarium, Benefits, and Facilities
ditetapkan untuk tahun 2023:                                                          for 2023 are as follows:
                                                      Komponen Remunerasi / Remuneration Component
          Dewan Komisaris / Board Of Commissioners                                                              Direksi / Board Of Directors
   Komponen /                                                                       Komponen /
                                 Keputusan / Resolution                                                                        Keputusan / Resolution
   Component                                                                        Component
   Honorarium /       • Honorarium Komisaris Utama ditetapkan                       Gaji / Salary             • Gaji Direktur Utama ditetapkan sebesar
   Honorarium           sebesar 45% dari Gaji Direktur Utama.                                                   Rp190.000.000 (seratus sembilan puluh juta
                        / The President Commissioner’s                                                          rupiah) per bulan. / The President Director’s
                        honorarium is set at 45% of the                                                         salary is set at Rp190,000,000 (one hundred and
                        President Director’s salary.                                                            ninety million rupiah) per month.
                      • Honorarium Anggota Dewan Komisaris                                                    • Gaji Anggota Direksi lainnya ditetapkan sebesar
                        ditetapkan sebesar 90% dari Honorarium                                                  85% dari gaji Direktur Utama. / The salaries of
                        Komisaris Utama. / The honorarium for                                                   other members of the Board of Directors are set
                        members of the Board of Commissioners                                                   at 85% of the salary of the President Director’s.
                        is set at 90% of the Honorarium for the
                        President Commissioner.
                                                                    Tunjangan / Allowance
Tunjangan Hari    1 (satu) kali Honorarium / 1 (one) time                        Tunjangan Hari               1 (satu) kali gaji / 1 (one) times salary
Raya Keagamaan / Honorarium                                                      Raya Keagamaan
Religious Holiday                                                                / Religious holiday
Allowance                                                                        Allowance
Asuransi Purna        Premi yang ditanggung oleh Perusahaan                      Asuransi Purna               Premi yang ditanggung oleh Perusahaan sebesar
Jabatan / Post-       sebesar 25% dari honorarium dalam                          Jabatan / Post-              25% dari Gaji dalam 1 Tahun / The premium borne by
Employment            1 Tahun / The premium borne by the                         Employment                   the Company is 25% of the salary in 1 year
Insurance             Company is 25% of the honorarium in 1 year                 Insurance
Tunjangan             20% dari Honorarium per bulan / 20% of                     Tunjangan         Rp25.000.000 per bulan / Rp25,000,000 per month
Transportasi /        Honorarium per month                                       Perumahan /
Transportation                                                                   Housing Allowance
Allowance




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                       Management Discussion and Analysis     Good Corporate Governance                   Corporate Social and Environmental Responsibility




                                                   Komponen Remunerasi / Remuneration Component
          Dewan Komisaris / Board Of Commissioners                                                       Direksi / Board Of Directors
   Komponen /                                                                  Komponen /
                                  Keputusan / Resolution                                                                   Keputusan / Resolution
   Component                                                                   Component
                                                                 Fasilitas / Facilities
Fasilitas           Dalam bentuk asuransi kesehatan atau                   Fasilitas                    1 (satu) unit beserta biaya pemeliharaan dan biaya
Kesehatan /         penggantian biaya pengobatan sebesar                   Kendaraan /                  operasional, dengan memperhatikan kondisi
Health Facility     pemakaian (at cost) ) / In the form of health          Transportation               keuangan Perusahaan / 1 (one) unit along with
                    insurance or reimbursement of medical                  Facility                     maintenance costs and operational costs, taking
                    expenses at cost                                                                    into account the Company's financial condition
Fasilitas Bantuan Sebesar pemakaian (at cost)                              Fasilitas                    Dalam bentuk asuransi kesehatan atau penggantian
Hukum / Legal                                                              Kesehatan /                  biaya pengobatan (at cost) / In the form of health
Assistance Facility                                                        Health Facility              insurance or reimbursement of medical expenses
                                                                                                        (at cost)
                                                                           Fasilitas Bantuan Sebesar pemakaian (at cost)
                                                                           Hukum / Legal
                                                                           Assistance Facility


REMUNERASI DEWAN KOMISARIS                                                        REMUNERATION OF THE BOARD OF
                                                                                  COMMISSIONERS
Struktur Remunerasi                                                               Remuneration Structure
Struktur remunerasi Dewan Komisaris berupa gaji, tunjangan                        The remuneration structure of the Board of Commissioners
dan fasilitas yang bersifat tetap. Remunerasi untuk masing-                       consists of fixed salaries, allowances, and facilities.
masing Anggota Dewan Komisaris dapat berbeda sesuai                               Remuneration for                   each           member of the Board of
dengan tugas dan tanggung jawab setiap Komisaris. Jumlah                          Commissioners may vary according to the duties and
total remunerasi yang diterima oleh anggota Dewan Komisaris                       responsibilities of each Commissioner. The total amount
dilaporkan oleh Perusahaan dalam RUPS.                                            of remuneration received by members of the Board of
                                                                                  Commissioners is reported by the Company at the GMS.


Berikut rincian mengenai struktur remunerasi masing-                              Details regarding the remuneration structure of each
masing Dewan Komisaris Perusahaan pada tahun 2023:                                Company's Board of Commissioners in 2023 are as follows:
                                                                                                                                                         Total Remunerasi
                                                                                                  Tunjangan Hari    Tunjangan Per
 Nama dan Jabatan /                Periode Jabatan /             Gaji Per Bulan /                                                                           2023 / Total
                                                                                                  Raya / Religious Bulan / Allowance
  Name and Position                  Term of Office             Salary per Month                                                                          Remuneration in
                                                                                                 Holiday Allowance     per Month
                                                                                                                                                                2023
Alex Iskandar Munaf
Komisaris Utama/
                          8 November-31 Desember 2023
Independen
                           / November 8 - December 31,                    85.500.000                                0                 17.100.000               181.260.029
/ President/
                                     2023
Independent
Commissioner
Chowadja Sanova
Komisaris Independen      1 Januari-31 Desember 2023 /
                                                                          76.950.000                   76.950.000                    15.390.000               1.185.030.000
/ Independent             January 1 - December 31, 2023
Commissioner
Hadi Daryanto              24 Januari-31 Desember 2023
Komisaris /                 / January 24 - December 31,                   76.950.000                    19.237.500                   15.390.000               1.034.977.500
Commissioner                           2023
Inosentius Samsul         8 November-31 Desember 2023
Komisaris /                / November 8 - December 31,                    76.950.000                                0                15.390.000                 163.134.026
Commissioner                         2023
Franciscus M.A.            1 Januari – 8 November 2023 /
                                                                          85.500.000                   85.500.000                     17.100.000              1.135.439.972
Sibarani                   January 1 - November 8, 2023
                            1 Januari – 24 Januari 2023 /
Oke Nurwan                                                                76.950.000                                0                15.390.000                 92.340.000
                            January 1 - January 24, 2023
                            1 Januari – 24 Januari 2023 /
Darusman Mawardi                                                          76.950.000                                0                15.390.000                 92.340.000
                            January 1 - January 24, 2023




                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report      Company Profile          Overview on Business Supports




BONUS KINERJA                                                                   PERFORMANCE BONUSES
Bentuk penghargaan terhadap kinerja Dewan Komisaris                             Forms of appreciation for the performance of the Board of
juga diberikan dalam bentuk bonus kinerja berupa tantiem                        Commissioners are also given in the form of performance
dan insentif kinerja yang bersifat variabel (merit rating)                      bonuses in the form of bonuses and variable performance
yang diberikan dengan mempertimbangkan faktor kinerja                           incentives (merit ratings) which are given by taking into
dan kemampuan keuangan Perusahaan serta faktor-faktor                           account the Company's performance factors and financial
lain yang relevan. Tantiem yang diberikan kepada Dewan                          capabilities as well as other relevant factors. The bonus given
Komisaris ditetapkan sesuai dengan kinerja Perusahaan dan                       to the Board of Commissioners is determined in accordance
pencapaian KPI untuk Dewan Komisaris.                                           with the Company's performance and KPI achievements for
                                                                                the Board of Commissioners.


Berikut adalah pendapatan tantiem (setelah pajak) Dewan                         Bonus income (after tax) of the Company's Board of
Komisaris Perusahaan pada tahun 2023.                                           Commissioners in 2023 is as follows.
              Nama dan Jabatan / Name and Position                                               Nilai Tantiem (Rp) / Tantiem Value (Rp)
Chowadja Sanova                                                                                                355.185.000
Franciscus M.A. Sibarani                                                                                       394.650.000
Oke Nurwan                                                                                                     355.185.000
Darusman Mawardi                                                                                               355.185.000


REMUNERASI DIREKSI                                                              REMUNERATION OF BOARD OF DIRECTORS
PENGUNGKAPAN INDIKATOR UNTUK PENETAPAN                                          DISCLOSURE OF INDICATORS FOR DETERMINING BOARD OF
REMUNERASI DIREKSI                                                              DIRECTORS REMUNERATION
Sesuai dengan keputusan RUPS Tahunan Tahun Buku 2022                            In accordance with the decisions of the 2022 Annual GMS and
dan peraturan mengenai remunerasi yang dikeluarkan                              regulations regarding remuneration issued by the Ministry of
oleh Kementerian BUMN, penetapan remunerasi Direksi                             SOEs, the determination of remuneration for Directors uses
menggunakan indikator sebagai berikut:                                          the following indicators:
1. Skala usaha                                                                  1. Business scale
2. Faktor Kompleksitas usaha                                                    2. Business complexity factor
3. Tingkat inflasi                                                              3. Inflation rate
4. Kondisi dan kemampuan keuangan Perusahaan                                    4. The Company's financial condition and capabilities
5. Faktor-faktor lain yang relevan, termasuk di antaranya                       5. Other relevant factors, including the general level of
    tingkat penghasilan yang berlaku umum dalam industri                           income in similar industries.
    yang sejenis.
6. Tidak boleh bertentangan dengan peraturan perundang-                         6. Must not conflict with the laws and regulations.
    undangan.


HUBUNGAN ANTARA REMUNERASI DIREKSI DENGAN                                       RELATIONS BETWEEN BOARD OF DIRECTORS
KINERJA PERUSAHAAN                                                              REMUNERATION AND COMPANY PERFORMANCE
Dalam menetapkan remunerasi Direksi, telah dilakukan kajian                     In determining the remuneration of the Board of Directors, a
dengan memperhatikan aspek kinerja Perusahaan, antara                           review has been carried out taking into account aspects of
lain:                                                                           the Company's performance, including:
1. Hasil kinerja keuangan dan pemenuhan cadangan                                1. Financial performance results and fulfillment of reserves
    sebagaimana       diatur     dalam          peraturan      Perundang-          as regulated in applicable laws and regulations.
    undangan yang berlaku.
2. Kewajaran dengan peer group.                                                 2. Fairness with peer groups.
3. Pertimbangan sasaran dan strategi jangka panjang                             3. Consideration of the Company's long-term goals and
    Perusahaan.                                                                    strategies.




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                      Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis   Good Corporate Governance                   Corporate Social and Environmental Responsibility




4. Pencapaian jangka pendek maupun panjang sebagai hasil                       4. Short- and long-term achievements as a result of the
   dari sistem yang telah dibangun.                                                  system that has been established.


STRUKTUR REMUNERASI                                                            REMUNERATION STRUCTURE
Struktur remunerasi Direksi berupa gaji, tunjangan dan                         The remuneration structure of the Board of Directors is
fasilitas yang bersifat tetap. Remunerasi untuk masing-                        in the form of fixed salaries, allowances, and facilities.
masing Direksi dapat berbeda sesuai dengan tugas dan                           Remuneration for each Director may vary according to the
tanggung jawab setiap Direksi. Jumlah total remunerasi yang                    duties and responsibilities of each Director. The total amount
diterima masing-masing Direksi dilaporkan oleh Perusahaan                      of remuneration received by each Director is reported by the
dalam RUPS.                                                                    Company at the GMS.


Berikut rincian mengenai struktur remunerasi masing-                           Details regarding the remuneration structure of each
masing Direksi Perusahaan pada tahun 2023:                                     Company Director in 2023 are as follows:
                                                                                                                                                      Total Remunerasi
                                                                                               Tunjangan Hari    Tunjangan Per
 Nama dan Jabatan /               Periode Jabatan /           Gaji Per Bulan /                                                                           2023 / Total
                                                                                               Raya / Religious Bulan / Allowance
  Name and Position                 Term of Office           Salary per Month                                                                          Remuneration in
                                                                                              Holiday Allowance     per Month
                                                                                                                                                             2023
Suherman Yahya           8 November-31 Desember 2023
Direkur Utama /           / November 8 - December 31,                190.000.000                    161.500.000                                  0         2.149.850.000
President Director                  2023
                         8 November-31 Desember 2023
Muhammad Syafitri
                          / November 8 - December 31,                 161.500.000                                0                               0           285.316.721
Direktur / Director
                                    2023
Rahmat Hidayat              8 Mei-31 Desember 2023 /
                                                                      161.500.000                                0                               0         1.292.000.000
Direktur / Director         May 8 - December 31, 2023
                          1 Januari – 8 November 2023 /
Daconi Khotob                                                        190.000.000                   190.000.000                                   0         2.134.333.270
                          January 1 - November 8, 2023
                              1 Januari – 8 Mei 2023 /
Tubagus M. Dharury                                                    161.500.000                   161.500.000                                  0           854.387.165
                              January 1 – May 8, 2023
                           1 Januari – 24 Januari 2023 /
Mukhamad Saifudin                                                     161.500.000                                0                               0           161.500.000
                           January 1 - January 24, 2023
                           1 Januari – 24 Januari 2023 /
Gatot Mardiana                                                        161.500.000                     3.333.333                                  0           164.833.333
                           January 1 - January 24, 2023



BONUS KINERJA                                                                  PERFORMANCE BONUSES
Selain remunerasi yang didapat, Direksi juga memperoleh                        Apart from the remuneration, the Board of Directors also
bonus kinerja berupa tantiem dan insentif kinerja yang                         receive performance bonuses in the form of bonuses and
bersifat variabel (merit rating) yang diberikan dengan                         variable performance incentives (merit rating) which are
mempertimbangkan faktor kinerja dan kemampuan keuangan                         given by taking into account the Company's performance
Perusahaan serta faktor-faktor lain yang relevan. Besaran                      factors and financial capabilities as well as other relevant
tantiem yang diberikan kepada anggota Direksi ditetapkan                       factors. The amount of bonuses given to members of the
sesuai dengan kinerja Perusahaan dan ketercapaian KPI                          Board of Directors is determined in accordance with the
untuk Direksi.                                                                 Company's performance and the achievement of KPIs for the
                                                                               Board of Directors.




                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                 463
Page 466
                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan           Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile             Overview on Business Supports




Berikut adalah pendapatan tantiem (setelah pajak) masing-                     Bonus income (after tax) of each Company Director in 2023
masing Direksi Perusahaan pada tahun 2023.                                    is as follows.
              Nama dan Jabatan / Name and Position                                                   Nilai Tantiem (Rp) / Tantiem (Rp)
Suherman Yahya                                                                                                  559.087.500
Daconi Khotob                                                                                                   844.112.500
Tubagus M. Dharury                                                                                              559.087.500
Mukhamad Saifudin                                                                                               745.450.000
Gatot Mardiana                                                                                                  559.087.500


KOMPENSASI JANGKA PANJANG                                                     LONG TERM COMPENSATION
Perusahaan tidak memberikan kompensasi jangka panjang                         The Company does not provide long-term compensation to
kepada Dewan Komisaris dan Direksi.                                           the Board of Commissioners and Board of Directors.



Rapat Dewan Komisaris dan Direksi
Meeting of the Board of Commissioners and Board of Directors


RAPAT DEWAN KOMISARIS                                                         BOARD OF COMMISSIONERS MEETING
Rapat Dewan Komisaris diatur dengan memperhatikan hal-                        Board of Commissioners meetings are regulated by taking
hal sebagai berikut:                                                          into account the following matters:
KEBIJAKAN                                                                     POLICY
1. Rapat Dewan Komisaris adalah sah dan berhak mengambil                      1. Board of Commissioners meetings are valid and have
   keputusan yang mengikat apabila dihadiri dan/atau                              the right to make binding decisions if attended and/or
   diwakili oleh lebih dari 1⁄2 (satu per dua) jumlah anggota                     represented by more than 1⁄2 (half) of the members of the
   Dewan Komisaris.                                                               Board of Commissioners.
2. Dewan Komisaris wajib mengadakan rapat paling kurang 1                     2. The Board of Commissioners shall hold meetings at least
   (satu) kali dalam 2 (dua) bulan.                                               once in 2 (two) months.
3. Dewan Komisaris wajib mengadakan rapat bersama                             3. The Board of Commissioners is obliged to hold regular
   Direksi secara berkala paling kurang 1 (satu) kali dalam 4                     meetings with the Board of Directors at least once every
   (empat) bulan.                                                                 4 (four) months.
4. Dewan Komisaris dapat mengadakan rapat sewaktu-                            4. The Board of Commissioners may hold a meeting at any
   waktu atas permintaan 1 (satu) atau beberapa Anggota                           time at the request of 1 (one) or several members of the
   Dewan Komisaris atau Direksi, dengan menyebutkan hal                           Board of Commissioners or Directors, stating the matters
   yang akan dibicarakan.                                                         to be discussed.
5. Dewan       Komisaris         harus          menjadwalkan         Rapat    5. The Board of Commissioners must schedule the meeting
   sebagaimana dimaksud pada angka 1 dan 2, untuk tahun                           as referred to in number 1 and number 2, for the following
   berikutnya sebelum berakhirnya tahun buku.                                     year before the end of the fiscal year.
6. Pelaksanaan rapat diawali dengan evaluasi tindak lanjut                    5. The meeting begins with an evaluation of the follow-up to
   hasil rapat sebelumnya termasuk pembahasan atau                                the results of the previous meeting, including discussion
   telaah atas usulan Direksi dan arahan/keputusan Dewan                          or review of the Board of Directors' proposals and
   Komisaris dan RUPS terkait dengan usulan Direksi dan hal                       directions/decisions of the Board of Commissioners and
   lainnya dari hasil rapat sebelumnya.                                           the GMS related to the Board of Directors' proposals and
                                                                                  other matters from the results of the previous meeting.
7. Rapat Dewan Komisaris diadakan di tempat kedudukan                         7. Board of Commissioners meetings are held at the
   Perseroan, di tempat lain di dalam wilayah Republik                            Company's domicile, elsewhere within the territory of
   Indonesia, atau di tempat kegiatan usaha Perseroan.                            the Republic of Indonesia, or at the Company's place of
                                                                                  business activities.




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                    Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




Pemanggilan Rapat                                                            Meeting Invitation
1. Pemanggilan Rapat Dewan Komisaris harus dilakukan                         1. The Board of Commissioners meetings must be
   oleh Komisaris Utama dalam hal Komisaris Utama                                  summoned by the President Commissioner. If the
   berhalangankarena sebab apapun, hal mana tidak perlu                            President Commissioner is absent for any reason not
   dibuktikan kepada pihak manapun, pemanggilan rapat                              required to be proven to either party, the meeting shall
   dilakukan oleh Wakil Komisaris Utama ad lah. Dalam                              be convened by the Vice President Commissioner. If the
   hal Wakil Komisaris Utama berhalangan karena sebab                              Vice President Commissioner is absent for any reason
   apapun, hal mana tidak perlu dibuktikan kepada pihak                            not established by either party, the meeting shall be
   manapun, maka pemanggilan rapat dilakukan oleh salah                            convened by a member of the Board of Commissioners.
   seorang anggota Dewan Komisaris.


2. Pemanggilan Rapat Dewan Komisaris harus dilakukan                         2. Invitation for Board of Commissioners Meetings must be
   secara tertulis dan disampaikan atau diserahkan langsung                        made in writing and delivered directly to each member of
   kepada setiap anggota Dewan Komisaris dengan tanda                              the Board of Commissioners with adequate receipt, or
   terima yang memadai, atau dengan pos tercatat atau                              by registered post or by courier service or by telex, fax or
   dengan jasa kurir atau dengan telex, faksimile atau surat                       electronic mail (e-mail) no later than 5 (five) days before
   elektronik (e-mail) paling lambat 5 (lima) hari sebelum                         the meeting is held, without taking into account the date
   rapat diadakan, dengan tidak memperhitungkan tanggal                            of invitation and the date of the meeting, or within a
   pemanggilan dan tanggal rapat, atau dalam waktu yang                            shorter time if in urgent circumstances.
   lebih singkat jika dalam keadaan mendesak.
3. Pemanggilan seperti sebagaimana dimaksud pada angka 2                     3. Invitation as intended in number 2 are not required for
   tidak diperlukan untuk rapat-rapat yang telah dijadwalkan                       meetings that have been scheduled based on the decision
   berdasarkan keputusan Rapat Dewan Komisaris yang                                of the previously held Board of Commissioners Meeting.
   diadakan sebelumnya.
4. Pemanggilan Rapat Dewan Komisaris pada huruf a                            4. The invitation to the Board of Commissioners Meeting in
   harus mencantumkan acara, tanggal, waktu dan tempat                             letter a must include the agenda, date, time, and place of
   rapat serta Undangan Rapat Dewan Komisaris harus                                the meeting and Invitations of Board of Commissioners
   mencantumkan informasi terkait agenda acara, tanggal,                           Meetings shall clearly include information regarding the
   waktu dan tempat berlangsungnya rapat secara jelas.                             agenda, date, time and place of the meeting.


Pimpinan Rapat                                                               Chairman of the Meeting
1. Semua Rapat Dewan Komisaris dipimpin oleh Komisaris                       1. All Board of Commissioners meetings are chaired by the
   Utama.                                                                          President Commissioner.
2. Dalam hal Komisaris Utama tidak hadir atau berhalangan,                   2. In the event that the President Commissioner is absent or
   maka anggota Dewan Komisaris yang ditunjuk oleh                                 is unable to attend, then the Vice President Commissioner
   Komisaris Utama yang memimpin Rapat Dewan Komisaris.                            shall lead the Board of Commissioners meeting.
3. Dalam hal Komisaris Utama tidak melakukan penunjukkan,                    3. Should the President Commissioner not appoint anyone,
   maka anggota Dewan Komisaris yang paling lama                                   then in the event that the President Commissioner is
   menjabat sebagai anggota Dewan Komisaris bertindak                              absent, the Board of Commissioners Meeting will be
   sebagai pimpinan Rapat Dewan Komisaris. Dalam hal                               chaired by another member of the Board of Commissioners
   anggota Dewan Komisaris yang paling lama menjabat                               appointed by the President Commissioner.
   sebagai anggota Dewan Komisaris lebih dari satu orang,
   maka anggota Dewan Komisaris sebagaimana dimaksud
   pada huruf d di atas maka yang tertua dalam usia
   bertindak sebagai pimpinan rapat.
4. Kehadiran Anggota Dewan Komisaris dalam Rapat Dewan                       4. The presence of members of the Board of Commissioners
   Komisaris wajib diungkapkan dalam Laporan Tahunan                               at Board of Commissioners Meetings must be disclosed in
   Perseroan.                                                                      the Company's Annual Report.




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                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Pengambilan Keputusan                                                        Decision-making
1. Semua keputusan Dewan Komisaris diambil dalam rapat                       1. All decisions of the Board of Commissioners are taken at
   Dewan Komisaris.                                                             Board of Commissioners meetings.
2. Keputusan Rapat Dewan Komisaris harus diambil                             2. Decisions at Board of Commissioners Meetings must
   berdasarkan musyawarah untuk mufakat. Jika keputusan                         be taken based on deliberation to reach consensus. If a
   berdasarkan musyawarah untuk mufakat tidak tercapai,                         decision based on deliberation to reach consensus is not
   maka keputusan harus diambil dengan pemungutan suara                         reached, then the decision must be taken by voting based
   berdasarkan suara setuju lebih dari 1/2 (satu per dua)                       on affirmative votes of more than 1/2 (half) of the number
   bagian dari jumlah suara yang sah yang dikeluarkan dalam                     of valid votes cast at the relevant meeting.
   rapat yang bersangkutan.
3. Dalam hal terdapat lebih dari satu usulan, maka dilakukan                 3. In the event that there is more than one proposal, a
   pemilihan ulang sehingga salah satu usulan memperoleh                        re-election is carried out so that one of the proposals
   suara lebih dari 1⁄2 (satu per dua) bagian dari jumlah suara                 receives more than 1⁄2 (half) of the total votes cast.
   yang dikeluarkan.
4. Dalam Rapat Dewan Komisaris, setiap anggota Dewan                         4. At a Board of Commissioners Meeting, each member of
   Komisaris berhak mengeluarkan 1 (satu) suara dan                             the Board of Commissioners has the right to cast 1 (one)
   tambahan 1 (satu) suara untuk setiap anggota Dewan                           vote and an additional 1 (one) vote for each other member
   Komisaris lain yang diwakilinya dengan sah dalam rapat                       of the Board of Commissioners whom he or she legally
   tersebut.                                                                    represents at the meeting.
5. Suara blanko (abstain) dianggap menyetujui usul yang                      5. A blank vote (abstain) is deemed to approve the proposal
   diajukan dalam rapat. Suara yang tidak sah dianggap tidak                    submitted at the meeting. Invalid votes are considered
   ada dan tidak dihitung dalam menentukan jumlah suara                         non-existent and are not counted in determining the
   yang dikeluarkan dalam rapat.                                                number of votes cast at the meeting.
6. Pemungutan suara mengenai diri orang dilakukan dengan                     6. Voting regarding individuals is carried out using closed
   surat suara tertutup tanpa tanda tangan, sedangkan                           ballot papers without signatures, while voting regarding
   pemungutan suara mengenai hal lain dilakukan secara                          other matters is carried out orally, unless the Chairman of
   lisan, kecuali Pimpinan Rapat menentukan lain tanpa ada                      the Meeting determines otherwise without any objection
   keberatan berdasarkan suara terbanyak dari yang hadir.                       based on the majority of votes from those present.
7. Dewan Komisaris dapat juga mengambil keputusan                            7. The Board of Commissioners can also make valid decisions
   yang sah tanpa mengadakan Rapat Dewan Komisaris                              without holding a Board of Commissioners Meeting
   dengan ketentuan semua anggota Dewan Komisaris                               provided that all members of the Board of Commissioners
   telah diberitahu secara tertulis dan semua anggota                           have been notified in writing and all members of the Board
   Dewan Komisaris memberikan persetujuan mengenai                              of Commissioners have given their approval regarding the
   usul yang diajukan secara tertulis serta menandatangani                      proposal submitted in writing and signed the agreement.
   persetujuan tersebut. Keputusan yang diambil dengan                          Decisions taken in the manner referred to above have
   cara demikian mempunyai kekuatan yang sama dengan                            the same power as decisions legally taken at a Board of
   keputusan yang diambil dengan sah dalam Rapat Dewan                          Commissioners Meeting.
   Komisaris.
8. Dalam hal anggota Dewan Komisaris tidak dapat                             8. In the event that members of the Board of Commissioners
   menghadiri rapat secara fisik, maka anggota Dewan                            are unable to attend the meeting physically, members of
   Komisaris dapat menghadiri rapat dengan melalui media                        the Board of Commissioners can attend the meeting via
   telekonferensi, video konferensi, atau sarana media                          teleconference, video conference or other electronic
   elektronik lainnya sesuai dengan ketentuan yang berlaku.                     media in accordance with applicable regulations.




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                    Management Discussion and Analysis   Good Corporate Governance                   Corporate Social and Environmental Responsibility




9. Setiap anggota Dewan Komisaris yang secara pribadi                        9. Every member of the Board of Commissioners who
   dengan cara apapun, baik secara langsung maupun                                 personally in any way, either directly or indirectly, has an
   secara tidak langsung, mempunyai kepentingan dalam                              interest in a transaction, contract or proposed contract in
   suatu transaksi, kontrak atau kontrak yang diusulkan                            which the Company is a party, must declare the nature of
   dalam mana Perusahaan menjadi salah satu pihaknya,                              his/her interest at a Board of Commissioners Meeting and
   harus dinyatakan sifat kepentingannya dalam suatu Rapat                         is not entitled to participate in voting on matters relating
   Dewan Komisaris dan tidak berhak untuk ikut dalam                               to the transaction or contract.
   pengambilan suara mengenai hal-hal yang berhubungan
   dengan transaksi atau kontrak tersebut.


Risalah Rapat                                                                Minutes of meetings
1. Hasil Rapat wajib dituangkan dalam Risalah Rapat.                         1. The results of the Meeting must be stated in the Minutes
   Risalah Rapat harus dibuat oleh seorang yang hadir dalam                        of Meeting. The minutes of the meeting must be drawn
   rapat yang ditunjuk oleh Ketua Rapat serta kemudian                             up by someone present at the meeting appointed by the
   ditandatangani oleh seluruh anggota Dewan Komisaris                             Chairman of the Meeting and then signed by all members
   yang hadir dan disampaikan kepada seluruh anggota                               of the Board of Commissioners present and submitted to
   Dewan Komisaris. Dalam hal Anggota Direksi turut hadir                          all members of the Board of Commissioners. In the event
   dalam rapat terkait, maka Risalah Rapat ditandatangani                          that members of the Board of Directors are present at the
   oleh seluruh Anggota Direksi dan Anggota Dewan                                  relevant meeting, the Minutes of Meeting are signed by all
   Komisaris yang hadir dan disampaikan kepada seluruh                             Members of the Board of Directors and Members of the
   Anggota Direksi dan Anggota Dewan Komisaris.                                    Board of Commissioners who are present and submitted
                                                                                   to all Members of the Board of Directors and Members of
                                                                                   the Board of Commissioners.
2. Dalam hal terdapat anggota Dewan Komisaris dan/atau                       2. In the event that there are members of the Board of
   anggota Direksi yang tidak menandatangani hasil rapat                           Commissioners and/or members of the Board of Directors
   sebagaimana dimaksud pada huruf a, yang bersangkutan                            who do not sign the results of the meeting as referred to
   wajib menyebutkan alasannya secara tertulis dalam surat                         in letter a, the concerned person is obliged to state the
   tersendiri yang dilekatkan pada risalah rapat.                                  reasons in writing in a separate letter attached to the
                                                                                   minutes of the meeting.
3. Risalah Rapat harus menggambarkan jalannya rapat.                         3. The minutes of the meeting must describe the
   Hal ini penting untuk dapat melihat proses pengambilan                          proceedings of the meeting. This is important to be able
   keputusan dan sekaligus dapat menjadi dokumen                                   to see the decision-making process and can also serve
   hukum untuk menentukan akuntabilitas dari hasil suatu                           as a legal document to determine accountability for the
   keputusan rapat. Untuk itu Risalah Rapat setidaknya                             results of a meeting decision. For this reason, the Minutes
   harus mencantumkan:                                                             of Meeting must at least include:
   a. Tempat, tanggal dan waktu rapat diadakan.                                    a. Place, date, and time of meeting held.
   b. Agenda yang dibahas.                                                         b. Agenda discussed.
   c. Daftar hadir yang ditandatangani oleh setiap peserta                         c. Attendance list signed by each meeting participant.
      rapat.
   d. Lamanya rapat berlangsung.                                                   d. Meeting duration.
   e. Pelaksanaan evaluasi tindak lanjut hasil rapat                               e. Follow-up on evaluations of the results of previous
      sebelumnya (jika ada).                                                                meetings (if any).
   f. Berbagai pendapat yang terdapat dalam rapat dan                              f. The various opinions expressed at the meeting and
      siapa yang mengemukakannya.                                                           who expressed them.
   g. Proses pengambilan keputusan.                                                g. Decision making process.




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                             Performance Highlights       Management Report       Company Profile       Overview on Business Supports




   h. Keputusan yang diambil.                                                     h. Decision taken.
   i.   Pernyataan perbedaan pendapat terhadap keputusan                          i.    Statement of differences of opinion regarding
        rapat apabila tidak terjadi kebulatan pendapat                                  meeting decisions if there is no unanimity of opinion
        (dissenting opinion).                                                           (dissenting opinion).
   j.   Tanda tangan pengesahan risalah rapat.                                    j.    Signature of approval of the minutes of the meeting.
   k. Keterangan mengenai materi rapat seperti namun                              k. Information regarding meeting materials such as but
        tidak terbatas pada slide presentasi, surat-menyurat,                           not limited to presentation slides, correspondence,
        matrik-matrik, gambar-gambar dan hal-hal lainnya                                matrices, pictures and other things becomes an
        menjadi satu kesatuan dan bagian yang tidak                                     integral and inseparable part of the meeting minutes.
        terpisahkan dari risalah rapat.
4. Risalah Rapat wajib didokumentasikan oleh Perseroan.                       4. Minutes of Meetings must be documented by the
                                                                                  Company.
5. Risalah Rapat Dewan Komisaris merupakan bukti yang                         5. Minutes of Board of Commissioners Meetings are valid
   sah untuk para anggota Dewan Komisaris dan untuk pihak                         evidence for members of the Board of Commissioners
   ketiga mengenai keputusan yang diambil dalam rapat                             and for third parties regarding the decisions taken at the
   yang bersangkutan.                                                             meeting in question.
6. Risalah rapat harus sudah diterima oleh anggota Dewan                      6. The minutes of the meeting must be received by members
   Komisaris selambat-lambatnya 5 (lima) hari kerja setelah                       of the Board of Commissioners no later than 5 (five)
   Rapat Dewan Komisaris dilaksanakan.                                            working days after the Board of Commissioners Meeting
                                                                                  is held.
7. Bila dalam waktu 14 (empat belas) hari sejak tanggal                       7. If within 14 (fourteen) days from the date of sending
   pengiriman risalah, tidak ada keberatan atau usul                              of the minutes, there are no objections or proposed
   perbaikan atas risalah tersebut, maka risalah tersebut                         improvements to the minutes, then the minutes are
   dinyatakan dapat diterima sebagai hasil rapat yang sah                         declared acceptable as a valid and binding result of the
   dan mengikat.                                                                  meeting.
8. Hasil keputusan rapat yang ditujukan kepada Direksi                        8. The results of meeting decisions addressed to the Board
   dikomunikasikan paling lambat 7 (tujuh) hari sejak Risalah                     of Directors are communicated no later than 7 (seven)
   Rapat ditandatangani.                                                          days after the Minutes of Meeting are signed.


AGENDA RAPAT INTERNAL DEWAN KOMISARIS                                         BOARD OF COMMISSIONERS INTERNAL MEETING AGENDA
Dalam menjalankan tugasnya, secara berkala Dewan                              In carrying out its duties, the Board of Commissioners
Komisaris mengadakan rapat sebagai evaluasi dalam                             periodically holds meetings as an evaluation of the Company's
pengawasan Perusahaan. Di tahun 2023, Dewan Komisaris                         supervision. In 2023, the Board of Commissioners held
mengadakan 13 (tiga belas) kali rapat internal. Berikut                       13 (thirteen) internal meetings. Meeting agenda and the
disampaikan agenda rapat dan kehadiran Dewan Komisaris                        attendance of the Board of Commissioners at these meetings
dalam rapat-rapat tersebut.                                                   is as follows.
                                                                                                                                           Peserta Rapat /
  No.     Tanggal / Date           Waktu / Time           Tempat / Place                      Agenda / Agenda
                                                                                                                                         Meeting Participants
  1.     02 Januari 2023 /       14.00 WIB s.d     Via Zoom Meeting Pembahasan Rencana Kerja dan Anggaran                            Franciscus M A
         January 02, 2023      Selesai / 14.00 WIB                  (RKA) Dewan Komisaris Tahun 2023 /                               Sibarani,
                                   until Finish                     Discussion of the Board of Commissioners’                        Darusman Mawardi,
                                                                    Work Plan and Budget (RKA) for 2023                              Oke Nurwan,
                                                                                                                                     Chowadja Sanova
  2.     13 Januari 2023 /        10.00 WIB s.d            Via Microsoft      Reviu Kinerja Perusahaan Bulan Desember                Fransciscus M A
         January 13, 2023        Selesai / 10.00               Team           2022 dan Tahun 2022 / Company                          Sibarani,
                                 WIB until Finish                             Performance Review for December 2022                   Darusman Mawardi,
                                                                              and 2022                                               Oke Nurwan
  3.     20 Januari 2023 /       13.00 WIB s.d     Kantor Perwakilan Persiapan pelaksanaan RUPSLB SMBR /                             Franciscus M A
         January 20, 2023      Selesai / 13.00 WIB     Jakarta       Preparation for the implementation of the                       Sibarani,
                                   until Finish      Gedung Graha    SMBR EGMS                                                       Darusman Mawardi,
                                                        Irama                                                                        Oke Nurwan,
                                                                                                                                     Chowadja Sanova




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                    Management Discussion and Analysis         Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                                                                                                                   Peserta Rapat /
No.    Tanggal / Date           Waktu / Time              Tempat / Place                          Agenda / Agenda
                                                                                                                                                 Meeting Participants
4.    27 Januari 2023 /        15.30 WIB s.d               Raffles Hotel          1. Pembagian Tugas Dewan Komisaris                           Franciscus M A
      January 27, 2023       Selesai / 15.30 WIB             Jakarta                 / Division of Duties of the Board of                      Sibarani,
                                 until Finish                                        Commissioners                                             Hadi Daryanto,
                                                                                  2. Perubahan Susunan Komite Audit PT                         Chowadja Sanova
                                                                                     Semen Baturaja Tbk / Changes in the
                                                                                     Composition of the Audit Committee of
                                                                                     PT Semen Baturaja Tbk
                                                                                  3. Perubahan Susunan Komite Nominasi
                                                                                     dan Remunerasi PT Semen Baturaja,
                                                                                     Tbk / Changes in the Composition of
                                                                                     the Nomination and Remuneration
                                                                                     Committee of PT Semen Baturaja, Tbk
                                                                                  4. Perubahan Susunan Komite Manajemen
                                                                                     Risiko PT Semen Baturaja, Tbk /
                                                                                     Changes in the Composition of the Risk
                                                                                     Management Committee of PT Semen
                                                                                     Baturaja, Tbk
5.    08 Februari 2023 /   12.00 WIB s.s    Kantor Perwakilan                     Pembahasan Kinerja Perusahaan Bulan                          Franciscus M A
      February 08, 2023 Selesai / 12.00 WIB     Jakarta                           Januari 2023 s.d Januari 2023 / Discussion                   Sibarani,
                            s.s Finished      Gedung Graha                        of Company Performance for January 2023                      Hadi Daryanto,
                                                 Irama                            to January 2023                                              Chowadja Sanova
6.     05 April 2023 /          10.00 WIB s.d              Via Microsoft          Pembahasan Kinerja Perusahaan Bulan Franciscus M A
       April 05, 2023          Selesai / 10.00                 Team               Maret 2023 s.d Maret 2023 / Discussion of Sibarani,
                               WIB until Finish                                   Company Performance for March 2023 to Hadi Daryanto
                                                                                  March 2023
7.    02 Mei 2023 / May   13.30 WIB s.d                    Via Microsoft          Persiapan pelaksanaan RUPST SMBR                             Franciscus M A
          02, 2023      Selesai / 13.30 WIB                    Team               Tahun Buku 2022 / Preparation for the                        Sibarani,
                            until Finish                                          implementation of the SMBR AGMS for the                      Hadi Daryanto,
                                                                                  2022 Fiscal Year                                             Chowadja Sanova
8.    07 Juli 2023 / July     07.30 WIB s.d                Via Microsoft          Pembahasan Kinerja Perusahaan Bulan                          Franciscus M A
           07, 2023           Selesai / 07.30                  Team               Juni 2023 & s.d Semester 1 tahun 2023 /                      Sibarani
                             WIB until finished                                   Discussion of Company Performance for                        Hadi Daryanto
                                                                                  June 2023 & up to Semester 1 2023                            Chowadja Sanova
9.      07 September          09.00 WIB s.d                Via Microsoft          1. Pembahasan Kinerja Perusahaan Bulan                       Franciscus M A
      2023 / September        Selesai / 09.00                  Team                  Agustus 2023 & s.d Agustus 2023; /                        Sibarani,
           07, 2023          WIB until finished                                      Discussion of Company Performance for                     Hadi Daryanto,
                                                                                     August 2023 & up to August 2023;                          Chowadja Sanova
                                                                                  2. Laporan Hasil Kunjungan Kerja Komite /
                                                                                     Report on the Results of the Committee’s
                                                                                     Working Visit
10.   06 Oktober 2023 /       08.00 WIB s.d                Via Microsoft          Pembahasan Kinerja Perusahaan Bulan                          Franciscus M A
      October 06, 2023        Selesai / 08.00                  Team               September 2023 & s.d September 2023; /                       Sibarani
                             WIB until finished                                   Discussion of Company Performance for                        Hadi Daryanto
                                                                                  September 2023 & up to September 2023;                       Chowadja Sanova
11.   01 November 2023        09.00 WIB s.d                Via Microsoft          Persiapan pelaksanaan RUPSLB SMBR / Franciscus M A
        / November 01,        Selesai / 09.00                  Team               Preparation for the implementation of the Sibarani,
             2023            WIB until finished                                   SMBR EGMS                                 Hadi Daryanto,
                                                                                                                            Chowadja Sanova
12.   23 November 2023        09.30 WIB s.d              Kantor Perwakilan 1. Pembahasan Kinerja Perusahaan Bulan                              Alex Iskandar Munaf,
       / November 23,         Selesai / 09.30                Jakarta          Oktober 2023 & s.d Oktober 2023; /                               Inosentius Samsul,
            2023             WIB until finished            Gedung Graha       Discussion of Company Performance for                            Hadi Daryanto,
                                                              Irama           October 2023 & up to October 2023;                               Chowadja Sanova
                                                                           2. Perubahan Susunan Komite Komisaris;
                                                                              / Changes in the Composition of the
                                                                              Commissioners Committee;
                                                                           3. Lain-lain / Etc.
13.   05 Desember 2023  14.00 WIB s.d                      Via Microsoft          Pembahasan Kinerja Perusahaan Bulan                          Alex Iskandar Munaf,
       / December 05, Selesai / 14.00 WIB                      Team               November 2023 & s.d November 2023 /                          Inosentius Samsul,
            2023          until Finish                                            Discussion of Company Performance for                        Hadi Daryanto,
                                                                                  November 2023 & up to November 2023                          Chowadja Sanova




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                            Performance Highlights       Management Report       Company Profile        Overview on Business Supports




FREKUENSI DAN KEHADIRAN RAPAT                                                 MEETING FREQUENCY AND ATTENDANCE
Adapun frekuensi dan tingkat kehadiran Dewan Komisaris                        The frequency and attendance of the Board of Commissioners
pada rapat tersebut adalah sebagai berikut:                                   at meetings are as follows:
                                                                                                                                     Persentase Kehadiran
                                                                             Jumlah Rapat /          Jumlah Kehadiran /
  No.                          Nama / Name                                                                                               / Attendance
                                                                             Total Meetings           Total Attendance
                                                                                                                                          Percentage
   1.   Alex Iskandar Munaf                                                         2                           2                            100
        Komisaris Utama/ Independen / President/Independent
        Commissioner
  2.    Chowadja Sanova                                                            13                           11                           84,6
        Komisaris Independen / Independent Commissioner
  3.    Hadi Daryanto                                                              10                          10                            100
        Komisaris / Commissioner
  4.    Inosentius Samsul                                                           2                           2                            100
        Komisaris / Commissioner
  5.    Franciscus MA. Sibarani                                                    11                           11                           100
        Komisaris Utama / President Commissioner
  6.    Oke Nurwan                                                                  3                           3                            100
        Komisaris / Commissioner
  7.    Darusman Mawardi                                                            3                           3                            100
        Komisaris Independen / Independent Commissioner



FREKUENSI DAN KEHADIRAN DI RUPS                                               FREQUENCY AND ATTENDANCE AT GMS
Frekuensi dan tingkat kehadiran Dewan Komisaris dalam                         The frequency and level of attendance of the Board of
RUPS adalah sebagai berikut:                                                  Commissioners at the GMS is as follows:
                                                                                                                                     Persentase Kehadiran
                                                                             Jumlah Rapat /          Jumlah Kehadiran /
  No.                          Nama / Name                                                                                               / Attendance
                                                                             Total Meetings           Total Attendance
                                                                                                                                          Percentage
   1.   Alex Iskandar Munaf                                                         -                           -                             -
        Komisaris Utama/ Independen / President/Independent
        Commissioner
  2.    Chowadja Sanova                                                             3                           3                            100
        Komisaris Independen / Independent Commissioner
  3.    Hadi Daryanto                                                               2                           2                            100
        Komisaris / Commissioner
  4.    Inosentius Samsul                                                           -                           -                             -
        Komisaris / Commissioner
  5.    Franciscus MA. Sibarani                                                     3                           2                           66,67
        Komisaris Utama / President Commissioner
  6.    Oke Nurwan                                                                  1                           1                            100
        Komisaris / Commissioner
  7.    Darusman Mawardi                                                            1                           1                            100
        Komisaris Independen / Independent Commissioner



RAPAT DIREKSI                                                                 BOARD OF DIRECTORS MEETING
KEBIJAKAN                                                                     POLICY
Rapat Direksi ialah rapat yang dilakukan oleh Direksi                         Board of Directors meetings are meetings held by the
Perusahaan terkait dengan tugas dan fungsinya baik yang                       Company's Board of Directors related to their duties and
bersifat rutin maupun tidak rutin, yang dihadiri hanya oleh                   functions, both routine and non-routine, which are attended
Direksi maupun dengan keikutsertaan staf. Agar rapat                          only by the Board of Directors or with the participation of staff.
berlangsung secara efektif, rapat Direksi memiliki beberapa                   In order for the meeting to take place effectively, the Board
kebijakan. Sesuai dengan Anggaran Dasar Perusahaan,                           of Directors meeting has several policies. In accordance with
berikut kebijakan pelaksanaan rapat Direksi:                                  the Company's Articles of Association, the policy for holding
                                                                              Board of Directors meetings is as follows:




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                      Management Discussion and Analysis   Good Corporate Governance             Corporate Social and Environmental Responsibility




1. Rapat Direksi sah dan berhak untuk mengambil keputusan                      1. A Board of Directors meeting is valid and has the right to
   yang mengikat apabila dihadiri dan atau diwakili oleh lebih                       make binding decisions if attended and/or represented
   dari ½ (satu per dua) jumlah Anggota Direksi. Seorang                             by more than ½ (half) of the total number of Directors. A
   Direksi hanya dapat mewakili 1 (satu) orang Direksi lainnya                       Director can only represent 1 (one) other Director who is
   yang berhalangan hadir, dengan menunjukkan surat kuasa                            unable to attend, by showing a valid power of attorney.
   yang sah.
2. Direksi wajib mengadakan Rapat Direksi secara berkala                       2. The Board of Directors is obliged to hold regular Board of
   paling kurang 1 (satu) kali dalam setiap bulan.                                   Directors Meetings at least once every month.
3. Penyelenggaraan Rapat Direksi dapat dilakukan setiap                        3. Board of Directors meetings can be held at any time if
   waktu apabila dipandang perlu oleh seorang atau lebih                             deemed necessary by one or more members of the Board
   Anggota Direksi; atas permintaan tertulis dari seorang                            of Directors; upon written request from one or more
   atau lebih Anggota Dewan Komisaris.                                               members of the Board of Commissioners.
4. Direksi wajib mengadakan Rapat Direksi bersama Dewan                        4. The Board of Directors is obliged to hold regular Board of
   Komisaris secara berkala paling kurang 1 (satu) kali dalam                        Directors and Board of Commissioners meetings at least
   4 (empat) bulan.                                                                  once every 4 (four) months.
5. Rapat Direksi dapat diadakan di tempat kedudukan                            5. Board of Directors meetings can be held at the Company's
   Perseroan atau di tempat lain di dalam wilayah Republik                           domicile or at other places within the territory of the
   Indonesia atau di tempat kegiatan usaha Perseroan.                                Republic of Indonesia or at the Company's place of
                                                                                     business activities.


Pemanggilan Rapat Direksi                                                      Invitation to Board of Directors Meeting
1. Pemanggilan Rapat Direksi harus dilakukan secara tertulis                   1. Invitations to Board of Directors Meetings must be made
   dan disampaikan atau diserahkan langsung kepada setiap                            in writing and delivered or delivered directly to each
   Anggota Direksi dengan tanda terima yang memadai,                                 Member of the Board of Directors with adequate receipt,
   atau dengan pos tercatat atau dengan jasa kurir atau                              or by registered post or by courier service or by fax or
   dengan faksimile atau surat elektronik (e-mail) paling                            electronic mail (e-mail) no later than 5 (five) days before
   lambat 5 (lima) hari sebelum rapat diadakan, dengan tidak                         the meeting is held, without taking into account the
   memperhitungkan tanggal pemanggilan dan tanggal                                   date of invitation and the date of the meeting or within a
   rapat atau dalam waktu yang lebih singkat jika dalam                              shorter time if in urgent circumstances.
   keadaan mendesak.
2. Pemanggilan seperti tersebut di atas tidak diperlukan                       2. Invitations as mentioned above are not required for
   untuk rapat-rapat yang telah dijadwalkan berdasarkan                              meetings that have been scheduled based on the decision
   keputusan Rapat Direksi yang diadakan sebelumnya atau                             of a previously held Board of Directors Meeting or if all
   apabila semua Anggota Direksi hadir dalam rapat.                                  members of the Board of Directors are present at the
                                                                                     meeting.
3. Pemanggilan untuk Rapat Direksi harus mencantumkan                          3. The invitation to the Board of Directors Meeting must
   acara, tanggal waktu dan tempat rapat, agenda rapat                               include the agenda, date, time and place of the meeting,
   yang akan dilaksanakan.                                                           agenda of the meeting to be held.


Pimpinan Rapat Direksi                                                         Chairman of the Board of Directors Meeting
1. Semua Rapat Direksi dipimpin oleh Direktur Utama;                           1. All Board of Directors meetings are chaired by the
   Apabila Direktur Utama tidak hadir atau berhalangan,                              President Director; If the President Director is absent
   maka Direktur yang ditunjuk secara tertulis oleh Direktur                         or unable to attend, the Director shall be appointed in
   Utama yang memimpin Rapat Direksi.                                                writing by the President Director who chairs the Board of
                                                                                     Directors Meeting.




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                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




2. Dalam hal Direktur Utama tidak melakukan penunjukan,                      2. In the event that the President Director does not make an
   maka salah seorang Direktur yang terlama dalam jabatan                       appointment, then one of the Directors who has served
   sebagai Anggota Direksi yang memimpin Rapat Direksi.                         the longest as a Member of the Board of Directors shall
                                                                                chair the Board of Directors Meeting.
3. Dalam hal Direktur yang paling lama menjabat sebagai                      3. In the event that the Director who has served the longest
   Anggota Direksi Perseroan lebih dari 1 (satu) orang, maka                    as a Member of the Company's Board of Directors is
   Direktur sebagaimana dimaksud pada angka 2 di atas                           more than 1 (one) person, then the Director as referred
   adalah yang tertua dalam usia yang bertindak sebagai                         to in number 2 above who is the oldest in age shall act as
   pimpinan Rapat Direksi.                                                      chairman of the Board of Directors Meeting.
4. Seorang Anggota Direksi dapat diwakili dalam Rapat                        4. A Member of the Board of Directors may be represented
   Direksi hanya oleh Anggota Direksi lain berdasarkan surat                    at a Board of Directors Meeting only by another Member
   kuasa. Seorang Anggota Direksi hanya dapat mewakili                          of the Board of Directors based on a power of attorney.
   seorang Anggota Direksi lainnya.                                             A Member of the Board of Directors can only represent
                                                                                another Member of the Board of Directors.
5. Anggota Direksi yang berhalangan untuk menghadiri suatu                   5. Members of the Board of Directors who are unable to
   Rapat Direksi dapat mengajukan pendapatnya secara                            attend a Board of Directors Meeting can submit their
   tertulis dan ditandatangani, kemudian disampaikan                            opinion in writing and sign it, then deliver it to the President
   kepada Direktur Utama atau kepada Anggota Direksi                            Director or to other members of the Board of Directors
   lainnya yang akan memimpin Rapat Direksi tersebut,                           who will chair the Board of Directors Meeting, regarding
   mengenai apakah ia mendukung atau tidak mendukung                            whether they support or not support the matters that will
   terhadap hal-hal yang akan dibicarakan dan pendapat ini                      be discussed and this opinion will be considered as a valid
   akan dianggap sebagai suara yang dikeluarkan dengan                          vote cast at the Board of Directors Meeting.
   sah dalam Rapat Direksi.
6. Kehadiran Anggota Direksi dalam Rapat Direksi wajib                       6. The attendance of members of the Board of Directors
   diungkapkan dalam Laporan Tahunan Perseroan.                                 at Board of Directors Meetings must be disclosed in the
                                                                                Company's Annual Report.


Pengambilan keputusan rapat                                                  Meeting Decision Making
1. Keputusan Rapat Direksi harus diambil berdasarkan                         1. Decisions at Board of Directors Meetings must be taken
   musyawarah untuk mufakat. Jika keputusan berdasarkan                         based on deliberation to reach consensus. If a decision
   musyawarah untuk mufakat tidak tercapai, maka                                based on deliberation to reach consensus is not reached,
   keputusan harus diambil dengan pemungutan suara                              then the decision must be taken by voting based on
   berdasarkan suara setuju lebih dari 1/2 (satu per dua)                       affirmative votes of more than 1/2 (half) of the number of
   bagian dari jumlah suara yang sah yang dikeluarkan dalam                     valid votes cast at the relevant meeting.
   rapat yang bersangkutan.
2. Dalam Rapat Direksi, setiap anggota Direksi berhak                        2. At a Board of Directors Meeting, each member of the
   mengeluarkan 1 (satu) suara dan tambahan 1 (satu) suara                      Board of Directors has the right to cast 1 (one) vote and
   untuk setiap anggota Direksi lain yang diwakilinya dengan                    an additional 1 (one) vote for each other member of the
   sah dalam rapat tersebut.                                                    Board of Directors whom he or she legally represents at
                                                                                the meeting.
3. Dalam hal usulan lebih dari dua alternatif dan hasil                      3. In the event that there are more than two alternative
   pemungutan suara belum mendapatkan satu alternatif                           proposals and the results of the voting have not obtained
   dengan suara lebih dari ½ (satu per dua) bagian dari                         one alternative with more than ½ (half) of the total
   jumlah suara yang dikeluarkan, maka dilakukan pemilihan                      votes cast, then a re-vote will be carried out on the two
   ulang terhadap dua usulan yang memperoleh suara                              proposals that received the most votes so that one of the
   terbanyak sehingga salah satu usulan memperoleh suara                        proposals gets votes are more than ½ (one half) of the
   lebih dari ½ (satu per dua) bagian dari jumlah suara yang                    total votes cast.
   dikeluarkan.




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                    Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




4. Suara blanko (abstain) dianggap menyetujui usul yang                      4. A blank vote (abstain) is deemed to approve the proposal
   diajukan dalam rapat. Suara yang tidak sah dianggap tidak                       submitted at the meeting. Invalid votes are considered
   ada dan tidak dihitung dalam menentukan jumlah suara                            non-existent and are not counted in determining the
   yang dikeluarkan dalam rapat.                                                   number of votes cast at the meeting.
5. Pemungutan suara mengenai diri orang dilakukan dengan                     5. Voting regarding individuals is carried out using closed
   surat suara tertutup tanpa tanda tangan, sedangkan                              ballot papers without signatures, while voting regarding
   pemungutan suara mengenai hal lain dilakukan secara                             other matters is carried out orally, unless the Chairman
   lisan, kecuali Pimpinan Rapat menentukan lain tanpa ada                         of the Meeting determines otherwise without objection
   keberatan berdasarkan surat terbanyak dari yang hadir.                          based on the majority of letters from those present.
6. Dalam hal Anggota Direksi tidak dapat menghadiri rapat                    6. In the event that a member of the Board of Directors
   secara fisik, maka Anggota Direksi dapat menghadiri                             cannot attend the meeting physically, the Member
   rapat dengan melalui media telekonferensi, video                                of the Board of Directors can attend the meeting via
   konferensi, atau sarana media elektronik lainnya, sesuai                        teleconference, video conference or other electronic
   dengan ketentuan yang berlaku.                                                  media, in accordance with applicable regulations.
7. Setiap Anggota Direksi yang secara pribadi dengan                         7. Every member of the Board of Directors who personally
   cara apapun, baik secara langsung maupun secara                                 in any way, either directly or indirectly, has an interest in
   tidak langsung, mempunyai kepentingan dalam suatu                               a transaction, contract or proposed contract in which the
   transaksi, kontrak atau kontrak yang diusulkan dalam                            Company is a party must have the nature of his interest
   mana Perseroan menjadi salah satu pihaknya harus                                declared at a Board of Directors Meeting and therefore
   dinyatakan sifat kepentingannya dalam suatu Rapat                               has no right to take part in voting on matters relating to
   Direksi dan karenanya tidak berhak untuk ikut dalam                             the transaction or contract.
   mengambil suara mengenai hal-hal yang berhubungan
   dengan transaksi atau kontrak tersebut.


Risalah Rapat                                                                Minutes of Meetings
1. Hasil Rapat wajib dituangkan dalam Risalah Rapat.                         1. The results of the Meeting must be stated in the Minutes
   Risalah Rapat harus dibuat oleh seorang yang hadir dalam                        of Meeting. The Minutes of Meeting must be prepared
   rapat yang ditunjuk oleh Ketua Rapat serta kemudian                             by someone present at the meeting appointed by the
   ditandatangani oleh seluruh anggota Direksi yang hadir                          Chairman of the Meeting and then signed by all members
   dan disampaikan kepada seluruh anggota Direksi.Dalam                            of the Board of Directors present and submitted to all
   hal Anggota Dewan Komisaris turut hadir dalam rapat                             members of the Board of Directors. In the event that
   terkait, maka Risalah Rapat ditandatangani oleh seluruh                         Members of the Board of Commissioners are also present
   Anggota Direksi dan Anggota Dewan Komisaris yang hadir                          at the relevant meeting, then the Minutes of Meeting
   dan disampaikan kepada seluruh Anggota Direksi dan                              are signed by all Members of the Board of Directors
   Anggota Dewan Komisaris.                                                        and Members of the Board of Commissioners who were
                                                                                   present and conveyed to all Members of the Board of
                                                                                   Directors and Members of the Board of Commissioners.
2. Dalam hal terdapat anggota Dewan Komisaris dan/atau                       2. In the event that there are members of the Board of
   anggota Direksi yang tidak menandatangani hasil rapat                           Commissioners and/or members of the Board of Directors
   sebagaimana dimaksud pada angka 1, yang bersangkutan                            who do not sign the results of the meeting as referred to
   wajib menyebutkan alasannya secara tertulis dalam surat                         in number 1, the concerned person is obliged to state the
   tersendiri yang dilekatkan pada risalah rapat.                                  reasons in writing in a separate letter attached to the
                                                                                   minutes of the meeting.
3. Risalah Rapat harus menggambarkan jalannya rapat.                         3. The minutes of the meeting must describe the
   Hal ini penting untuk dapat melihat proses pengambilan                          proceedings of the meeting. This is important to be able
   keputusan dan sekaligus dapat menjadi dokumen                                   to see the decision-making process and can also serve
   hukum untuk menentukan akuntabilitas dari hasil suatu                           as a legal document to determine accountability for the




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                             Performance Highlights       Management Report      Company Profile      Overview on Business Supports




   keputusan rapat. Untuk itu Risalah Rapat setidaknya                           results of a meeting decision. For this reason, the Minutes
   harus mencantumkan:                                                           of Meeting must at least include:
   a. Tempat, tanggal dan waktu rapat diadakan.                                  a. Place, date and time of meeting held.
   b. Agenda yang dibahas.                                                       b. Agenda discussed.
   c. Daftar hadir yang ditandatangani oleh setiap peserta                       c. Attendance list signed by each meeting participant.
        rapat.
   d. Lamanya rapat berlangsung.                                                 d. Meeting duration.
   e. Pelaksanaan evaluasi tindak lanjut hasil rapat                             e. Follow-up on evaluations of the results of previous
        sebelumnya (jika ada).                                                         meetings (if any).
   f. Berbagai pendapat yang terdapat dalam rapat dan                            f. Various opinions expressed at the meeting and who
        siapa yang mengemukakannya.                                                    expressed them.
   g. Proses pengambilan keputusan.                                              g. Decision making process.
   h. Keputusan yang diambil.                                                    h. Decision taken.
   i.   Pernyataan perbedaan pendapat terhadap keputusan                         i.    Statement of differences of opinion regarding
        rapat apabila tidak terjadi kebulatan pendapat                                 meeting decisions if there is no unanimity of opinion
        (dissenting opinion).                                                          (dissenting opinion).
   j.   Tanda tangan pengesahan risalah rapat.                                   j.    Signature of approval of the minutes of the meeting.
4. Risalah Rapat harus dilampiri surat kuasa yang diberikan                   4. The minutes of the meeting must be accompanied by a
   khusus oleh Direktur yang tidak hadir kepada Direktur                         power of attorney specifically given by the Director who is
   lainnya (jika ada).                                                           not present to the other Directors (if any).
5. Bila terdapat perbedaan pendapat (dissenting opinion)                      5. Any dissenting opinion must be recorded clearly in the
   harus direkam dengan jelas pada Risalah Rapat.                                Minutes of Meeting.
6. Usulan Risalah Rapat harus sudah diterima oleh Anggota                     6. The proposed Meeting Minutes must be received by the
   Direksi selambat-lambatnya 7 (tujuh) hari kerja setelah                       Members of the Board of Directors no later than 7 (seven)
   Rapat Direksi dilaksanakan.                                                   working days after the Board of Directors Meeting is held.
7. Bila dalam waktu 14 (empat belas) hari sejak tanggal                       7. If within 14 (fourteen) days from the date of sending
   pengiriman risalah, tidak ada keberatan atau usul                             the minutes, there are no objections or proposed
   perbaikan atas risalah tersebut, maka risalah tersebut                        improvements to the minutes, then the minutes are
   dinyatakan dapat diterima sebagai hasil rapat yang sah                        declared acceptable as a valid and binding result of the
   dan mengikat.                                                                 meeting.
8. Risalah Rapat wajib didokumentasikan oleh Perseroan                        8. Minutes of Meetings must be documented by the Company
   dan merupakan bukti yang sah untuk para anggota Direksi                       and are valid evidence for members of the Board of
   dan untuk pihak ketiga mengenai keputusan yang diambil                        Directors and for third parties regarding the decisions
   dalam rapat yang bersangkutan.                                                taken at the meeting in question.
9. Hasil Risalah Rapat untuk segera dikomunikasikan kepada                    9. The results of the Minutes of Meeting must be immediately
   Staf Eselon I dan staf paling lambat 7 (tujuh) hari sejak                     communicated to Echelon I Staff and staff no later than 7
   Risalah Rapat ditandatangani.                                                 (seven) days after the Minutes of Meeting are signed.
10. Corporate Secretary bertanggungjawab atas penyimpanan                     10. The Corporate Secretary is responsible for keeping the
   Risalah Rapat.                                                                Minutes of Meeting.


AGENDA RAPAT                                                                  MEETING AGENDA
Dalam menjalankan tugasnya, secara berkala Direksi                            In carrying out its duties, the Board of Directors periodically
mengadakan rapat sebagai evaluasi dalam pengelolaan                           holds meetings as an evaluation of the management of the
Perusahaan. Di tahun 2023, Direksi mengadakan 12 (dua                         Company. In 2023, the Board of Directors held 12 (twelve)
belas) kali rapat internal. Berikut disampaikan agenda rapat                  internal meetings. The meeting agenda and the attendance
dan kehadiran Direksi dalam rapat-rapat tersebut.                             of the Board of Directors at these meetings are as follows.




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                     Management Discussion and Analysis            Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                                                                                                                            Peserta Rapat /
No.     Tanggal / Date          Waktu / Time              Tempat / Place                              Agenda / Agenda
                                                                                                                                                          Meeting Participants
1.    26 Januari 2023 /           13.00 WIB           Via Microsoft Teams       1. Arahan Direksi / Directors’ Direction                                Daconi Khotob,
      January 26, 2023           s.d selesai /                                  2. Perubahan Struktur Organisasi               /     Changes         in Suherman Yahya,
                               13.00 WIB until                                     Organizational Structure                                             Tubagus M Dharury
                                   finished                                     3. Talent Mobility
2.    06 Februari 2023 /          13.00 WIB                   Hybrid            1. Kinerja Januari dan sd januari 2023 / Performance from Daconi Khotob,
      February 06, 2023          s.d selesai /                                     January to January 2023                                  Suherman Yahya,
                               13.00 WIB until                                  2. Kinerja Januari 2023 PT BMU / Performance January Tubagus M Dharury
                                   finished                                        2023 PT BMU
                                                                                3. Penurunan Piutang A,B, C / Decrease in Receivables A, B,
                                                                                   C
                                                                                4. Remunerasi Karyawan / Employee Remuneration
3.      14 Maret 2023 /          09.00 WIB                    Hybrid            1. Program Piloting PLTS SMBR / SMBR PLTS Piloting Daconi Khotob,
        March 14, 2023          sd Selesai /                                       Program                                                    Suherman Yahya,
                               09.00 WIB until                                  2. Draft revisi board manual / Draft revision of board manual Tubagus M Dharury
                                  finished                                      3. Update Rapat Umum Pemegang Saham Tahunan (RUPST)
                                                                                   / Update on the Annual General Meeting of Shareholders
                                                                                   (AGMS)
                                                                                4. Pending Isu Minute of Meeting (MoM) Sebelumnya /
                                                                                   Pending Previous Minute of Meeting (MoM) Issue
                                                                                5. Rencana Personil 1 April 2023 dan Komponen Gaji serta
                                                                                   Perbandingan Opco / April 1, 2023 Personnel Plan and
                                                                                   Salary Components and Opco Comparison
4.      12 April 2023 /        13.30 WIB sd           Via Microsoft Teams       1. Arahan Direksi / Directors’ Direction                  Daconi Khotob,
        April 12, 2023        Selesai / 13.30                                   2. Mutasi dan Pembinaan Karyawan / Employee Transfers Suherman Yahya,
                              WIB until Finish                                     and Development                                        Tubagus M Dharury
                                                                                3. Pengaturan Keamanan dalam Menghadapi Libur dan Cuti
                                                                                   Lebaran / Security Arrangements in Facing Holidays and
                                                                                   Eid Leave
                                                                                4. Rencana Addendum kontrak jasa penagihan piutang /
                                                                                   Plan for Addendum to accounts receivable collection
                                                                                   service contract
                                                                                5. Agenda Lainnya / Other Agenda
5.      04 Mei 2023 /          13.00 WIB sd           Kantor Perwakilan   1. Arahan Direksi / Directors’ Direction               Daconi Khotob,
        May 04, 2023          Selesai / 13.00           Jakarta dan Ms.   2. Kinerja BRDI 2019-2023 / BRDI Performance 2019-2023 Suherman Yahya,
                              WIB until Finish         Teams / Jakarta    3. Laporan Kinerja April 2023 dan sd April 2023 / Tubagus M Dharury
                                                        Representative       Performance Report April 2023 and up to April 2023
                                                     Office and Ms. Teams
6.    01 Juni 2023 / June      14.00 WIB sd           Via Microsoft Teams       1. Arahan Direksi / Directors’ Direction             Daconi Khotob,
           01, 2023           Selesai / 14.00                                   2. Strategi Pencapaian Target Penjualan Juni 2023 / Suherman Yahya,
                              WIB until Finish                                     Strategy for Achieving Sales Targets in June 2023 Rahmat Hidayat
7.    25 Juli 2023 / July         13.30 WIB           Ruang Rapat Direksi       1. Arahan Direksi / Directors’ Direction                   Daconi Khotob,
          25, 2023              s.d. selesai /        Lantai 2 dan Via Ms       2. Pending Issue Rapat BOD / Pending Issue BOD Meeting     Suherman Yahya,
                               13.30 WIB until         Teams / Board of         3. Prognosa Kinerja Juli 2023 / Performance Prognosis July Rahmat Hidayat
                                   finished            Directors Meeting           2023
                                                      Room, 2nd Floor and       4. Progress Report CAPEX 2023 dan Rencana CAPEX 2024
                                                         via Ms. Teams             Pembangunan Kantor Baturaja / 2023 CAPEX Progress
                                                                                   Report and 2024 CAPEX Plan for Baturaja Office
                                                                                   Development
8.    22 Agustus 2023 /           13.00 WIB                   Hybrid            1. Arahan Direksi / Directors’ Direction             Daconi Khotob,
       August 22, 2023          s.d. selesai /                                  2. Progres Penanganan Piutang / Receivables Handling Suherman Yahya,
                               13.00 WIB until                                     Progress                                          Rahmat Hidayat
                                   finished                                     3. Prognosa Agustus 2023 / August 2023 Prognosis
                                                                                4. Pengembangan Tambang Batu Kapur / Limestone Mine
                                                                                   Development
                                                                                5. Update CSR / CSR updates
                                                                                6. Isu Lainnya / Other Issues




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                              Performance Highlights         Management Report              Company Profile           Overview on Business Supports




                                                                                                                                                         Peserta Rapat /
  No.     Tanggal / Date          Waktu / Time           Tempat / Place                                   Agenda / Agenda
                                                                                                                                                       Meeting Participants
  9.    19 September 2023 /        09.45 WIB           Ruang Rapat Direksi       1. Arahan Direksi / Directors’ Direction                Daconi Khotob,
        September 19, 2023        s.d. selesai /       Lantai 2 dan Via Ms       2. Paparan Progres Proper Hijau / Green Proper Progress Suherman Yahya,
                                 09.45 WIB until        Teams / Board of            Display                                              Rahmat Hidayat
                                    finished            Directors Meeting        3. Update Prognosa Kinerja 2023 / 2023 Performance
                                                       Room, 2nd Floor and          Prognosis Update
                                                          via Ms. Teams          4. Dukungan yang Dibutuhkan oleh Tim Sales / Support
                                                                                    Required by the Sales Team
                                                                                 5. Dukungan Logistic dan Procurement untuk Ketersediaan
                                                                                    semen di Sumbagsel / Logistics and Procurement
                                                                                    Support for Cement Availability in South Sumatra
                                                                                 6. Paparan Persiapan Kalender 2024, Launching Buku
                                                                                    Sejarah SMBR dan HUT SMBR ke-49 / Exposure on 2024
                                                                                    Calendar Preparations, Launching of the SMBR History
                                                                                    Book and SMBR’s 49th Anniversary
                                                                                 7. Update Progress Pasca Integrasi SIG-SMBR / Progress
                                                                                    Update Post SIG-SMBR Integration
                                                                                 8. Agenda Lainnya / Other Agenda
  10.    17 Oktober 2023 /         08.30 WIB           Ruang Rapat Direksi       1. Arahan Direksi / Directors’ Direction                Daconi Khotob,
          October 17, 2023        s.d. selesai /       Lantai 2 dan Via Ms       2. Garis Koordinasi Talent Management / Talent Suherman Yahya,
                                 08.30 WIB until        Teams / Board of            Management Coordination Line                         Rahmat Hidayat
                                    finished            Directors Meeting        3. Review claim putusan BANI terhadap TCDRI / Review on
                                                       Room, 2nd Floor and          claim of BANI’s decision against TCDRI
                                                          via Ms. Teams          4. Review COGM dan COGS s.d. Oktober 2023 / Review of
                                                                                    COGM and COGS up to October 2023
                                                                                 5. Prognosa Tahun 2023 / Prognosis for 2023
  11.   10 November 2023 /         09.00 WIB           Ruang Rapat Direksi       1. Arahan Direksi / Directors’ Direction                    Suherman Yahya,
        November 10, 2023         s.d. selesai /       Lantai 2 dan Via Ms       2. Kinerja Oktober 2023 / Performance October 2023          Muhammad Syafitri,
                                 09.00 WIB until        Teams / Board of         3. Prognosa s.d. Desember 2023 / Prognosis up to Rahmat Hidayat
                                    finished            Directors Meeting           December 2023
                                                       Room, 2nd Floor and       4. Progress dan Peluang Efisiensi / Progress and Efficiency
                                                          via Ms. Teams             Opportunities
  12.    5 Desember 2023 /         09.00 WIB           Ruang Rapat Direksi       1. Arahan Direksi / Directors’ Direction                 Suherman Yahya,
         December 5, 2023         s.d. selesai /       Lantai 2 dan Via Ms       2. Kinerja November dan s.d. November 2023 / Performance Muhammad Syafitri,
                                 09.00 WIB until        Teams / Board of            November and s.d. November 2023                       Rahmat Hidayat
                                    finished            Directors Meeting        3. Draft RKAP Tahun 2024 / 2024 RKAP Draft
                                                       Room, 2nd Floor and       4. Modul SAP Maintenance dan Procurement / SAP
                                                          via Ms. Teams             Maintenance and Procurement Module\



FREKUENSI DAN KEHADIRAN RAPAT                                                         MEETING FREQUENCY AND ATTENDANCE
Adapun frekuensi dan tingkat kehadiran Direksi pada rapat                             The frequency and attendance of the Board of Directors at
tersebut adalah sebagai berikut:                                                      meetings are as follows:
                                                                                 Jumlah Rapat /                 Jumlah Kehadiran /             Persentase Kehadiran /
  No.                         Nama / Name
                                                                                 Total Meetings                  Total Attendance              Attendance Percentage
        Daconi Khotob
   1.                                                                                  10                               10                               100%
        Direkur Utama / President Director
        Suherman Yahya
  2.    Direktur Produksi & Pengembangan / Director of                                 10                               10                               100%
        Production & Development
        Tubagus M Dharury
  3.    Direktur Keuangan & Manajemen Risiko / Director of                              5                               5                                100%
        Finance & Risk Management
        Suherman Yahya
  4.                                                                                    2                               2                                100%
        Direktur Utama / President Director
        Muhammad Syafitri
  5.                                                                                    2                               2                                100%
        Direktur Operasi / Director of Operation
        Rahmat Hidayat
  6.    Direktur (Fungsi Keuangan dan SDM) / Director                                   7                               7                                100%
        (Finance and HR Department)




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                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




FREKUENSI DAN KEHADIRAN DI RUPS                                               FREQUENCY AND ATTENDANCE AT GMS
Frekuensi dan tingkat kehadiran Direksi dalam RUPS adalah                     The frequency and attendance of the Board of Directors at
sebagai berikut:                                                              the GMS is as follows:
                                                                      Jumlah Rapat /             Jumlah Kehadiran /                  Persentase Kehadiran /
  No.                      Nama / Name
                                                                      Total Meetings              Total Attendance                   Attendance Percentage
        Daconi Khotob
   1.                                                                            3                            3                                      100%
        Direktur Utama / President Director
        Suherman Yahya
  2.    Direktur Produksi & Pengembangan / Director of                           3                            3                                      100%
        Production & Development
        Tubagus M Dharury
  3.    Direktur Keuangan & Manajemen Risiko / Director of                       2                            2                                      100%
        Finance & Risk Management
        Gatot Mardiana
  4.                                                                             1                            1                                      100%
        Direktur Umum & SDM / Director of General & HR
        Mukhamad Saifudin
  5.                                                                             1                            1                                      100%
        Direktur Pemasaran / Director of Marketing
        Rahmat Hidayat
   6    Direktur (Fungsi Keuangan dan SDM) / Director                            1                            1                                      100%
        (Finance and HR Department)


RAPAT GABUNGAN DEWAN KOMISARIS DAN                                            JOINT MEETING OF THE BOARD OF
DIREKSI                                                                       COMMISSIONERS AND BOARD OF DIRECTORS
Pelaksanaan Rapat Gabungan Dewan Komisaris dan Direksi                        The implementation of the Joint Meeting of the Board of
diatur sebagai berikut:                                                       Commissioners and Board of Directors is regulated as follows:
1. Rapat Dewan Komisaris bersama Direksi merupakan suatu                      1. Meetings between the Board of Commissioners and the
   bentuk pengawasan Dewan Komisaris bersama Direksi                                 Board of Directors are a form of supervision by the Board
   sebagaimana diatur dalam Anggaran Dasar Perusahaan                                of Commissioners and the Board of Directors as regulated
   sekaligus wadah koordinasi antara Direksi dan Dewan                               in the Company's Articles of Association as well as a
   Komisaris dalam rangka membahas laporan-laporan                                   forum for coordination between the Board of Directors
   periodik Direksi dan membahas kondisi dan prospek                                 and the Board of Commissioners in order to discuss the
   usaha serta kebijakan nasional yang berdampak pada                                Board of Directors' periodic reports and discuss business
   kinerja Perusahaan dan memberikan tanggapan, catatan                              conditions and prospects as well as national policies
   dan nasihat yang dituangkan dalam Risalah Rapat.                                  that have an impact on the Company's performance and
                                                                                     provide responses, notes and advice as outlined in the
                                                                                     Minutes of Meeting.
2. Dewan Komisaris bersama Direksi harus menjadwalkan                         2. The Board of Commissioners together with the Board
   Rapat Dewan Komisaris untuk tahun berikutnya sebelum                              of Directors must schedule a Board of Commissioners
   berakhirnya tahun buku.                                                           Meeting for the following year before the end of the fiscal
                                                                                     year.
3. Pada Rapat Dewan Komisaris bersama Direksi yang sudah                      3. At a scheduled meeting of the Board of Commissioners
   dijadwalkan, bahan Rapat disampaikan kepada peserta                               with the Board of Directors, the meeting materials are
   paling lambat 5 (lima) hari sebelum rapat diselenggarakan.                        delivered to the participants no later than 5 (five) days
   Jika Rapat diselenggarakan di luar jadwal yang telah                              before the meeting is held. If the Meeting is held outside
   disusun, bahan Rapat disampaikan paling lambat sebelum                            the schedule that has been prepared, the Meeting
   rapat diselenggarakan.                                                            materials are submitted no later than before the meeting
                                                                                     is held.




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                           Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                           Performance Highlights       Management Report      Company Profile        Overview on Business Supports




4. Rapat Dewan Komisaris bersama Direksi dapat dilakukan                    4. Meetings between the Board of Commissioners and the
   atas usulan Dewan Komisaris maupun Direksi, dengan                          Board of Directors can be held at the suggestion of the
   memperhatikan ketentuan pemanggilan Rapat yang                              Board of Commissioners and the Board of Directors,
   berlaku pada pemanggilan Rapat Direksi dan Rapat Dewan                      taking into account the provisions on invitation to
   Komisaris.                                                                  meetings that apply to invitation to Meetings of the Board
                                                                               of Directors and Meetings of the Board of Commissioners.
5. Rapat Dewan Komisaris bersama Direksi dihadiri oleh                      5. Meetings between the Board of Commissioners and
   Anggota Dewan Komisaris, Anggota Direksi, Sekretaris                        the Board of Directors are attended by Members of
   Dewan Komisaris, Corporate Secretary atau pejabat lain                      the Board of Commissioners, Members of the Board of
   yang ditugaskan oleh Komisaris Utama/Direktur Utama                         Directors, Secretary of the Board of Commissioners,
   dan dapat mengundang narasumber dari dalam maupun                           Corporate Secretary or other officials assigned by the
   luar Perusahaan, kecuali untuk rapat-rapat khusus                           President Commissioner/President Director and may
   hanya boleh dihadiri oleh Anggota Dewan Komisaris dan                       invite speakers from within or outside the Company,
   Anggota Direksi.                                                            except for special meetings only Members of the Board
                                                                               of Commissioners and Members of the Board of Directors
                                                                               may attend.
6. Rapat Dewan Komisaris bersama Direksi dapat dilakukan                    6. Meetings between the Board of Commissioners and the
   untuk menindaklanjuti saran permasalahan atau keluhan                       Board of Directors can be held to follow up on suggestions
   dari Stakeholders termasuk saran penyelesaian yang                          for issues or complaints from Stakeholders including
   diperlukan.                                                                 suggestions for necessary solutions.
7. Rapat Dewan Komisaris bersama Direksi juga merupakan                     7. Meetings between the Board of Commissioners and the
   bentuk pengawasan terhadap pelaksanaan evaluasi                             Board of Directors are also a form of supervision of the
   tindak lanjut hasil Rapat Dewan Komisaris sebelumnya                        implementation of follow-up evaluations of the results of
   termasuk pembahasan/telaah atas usulan Direksi dan                          the previous Board of Commissioners Meetings including
   arahan/keputusan RUPS terkait dengan usulan Direksi.                        discussions/ reviews of the Board of Directors proposals
                                                                               and GMS directions/decisions related to the Board of
                                                                               Directors proposals.
8. Kehadiran Anggota Dewan Komisaris dan Direksi dalam                      8. The       attendance     of      members                of   the   Board   of
   Rapat Dewan Komisaris wajib diungkapkan dalam Laporan                       Commissioners and Board of Directors at Board of
   Tahunan Perusahaan.                                                         Commissioners Meetings must be disclosed in the
                                                                               Company's Annual Report.


KUORUM RAPAT DEWAN KOMISARIS BERSAMA DIREKSI                                QUORUM FOR MEETINGS BETWEEN THE BOARD OF
                                                                            COMMISSIONERS AND THE BOARD OF DIRECTORS
1. Kuorum kehadiran Rapat Dewan Komisaris bersama                           1. The quorum for attendance at a meeting of the Board of
   Direksi terpenuhi apabila dihadiri oleh paling sedikit                      Commissioners and the Board of Directors is met if it is
   oleh (i) Komisaris Utama dan Komisaris Independen yang                      attended by at least (i) the President Commissioner and
   merangkap sebagai Ketua Komite Audit, dan (ii) Direktur                     an Independent Commissioner who doubles as Chair of
   Utama dan satu orang Direktur yang bertanggung                              the Audit Committee, and (ii) the President Director and
   jawab atau membawahi bidang yang menjadi agenda                             one Director who is responsible for or oversees the area
   pembahasan Rapat Dewan Komisaris bersama Direksi.                           on the agenda discussion of the Board of Commissioners
                                                                               Meeting with the Directors.




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                       Management Discussion and Analysis             Good Corporate Governance              Corporate Social and Environmental Responsibility




2. Dalam hal Komisaris Utama berhalangan dapat diwakilkan                                 2. In the event that the President Commissioner is unable to
   oleh anggota Komisaris lainnya yang tidak merangkap                                          do so, he/she can be represented by another member of
   sebagai Ketua Komite Audit, dengan ketentuan jumlah                                          the Board of Commissioners who does not also serve as
   anggota Komisaris yang hadir dalam Rapat Dewan                                               Chair of the Audit Committee, provided that the number
   Komisaris harus lebih dari satu orang.                                                       of Commissioners present at the Board of Commissioners
                                                                                                Meeting must be more than one person.
3. Dalam hal Direktur Utama berhalangan hadir dapat                                       3. In the event that the President Director is absent, he/she
   diwakilkan oleh Direktur lainnya selain dari Direktur                                        can be represented by another Director other than the
   yang bertanggung jawab atau membawahi bidang yang                                            Director who is responsible for or oversees the area that
   menjadi agenda pembahasan Rapat Dewan Komisaris                                              is on the discussion agenda for the Meeting of the Board
   bersama Direksi, dengan ketentuan jumlah Direksi yang                                        of Commissioners with the Board of Directors, provided
   hadir dalam Rapat Dewan Komisaris bersama Direksi                                            that the number of Directors present at the Meeting of the
   harus lebih dari 1 (satu) orang.                                                             Board of Commissioners with the Board of Directors must
                                                                                                be more than 1 (one) person.


AGENDA RAPAT                                                                              MEETING AGENDA
Selama   tahun     2023,       Dewan          Komisaris         dan      Direksi          The Board of Commissioners and Directors held 15 (fifteen)
mengadakan 15 (lima belas) kali rapat gabungan. Berikut                                   joint meetings throughout 2023. The meeting agenda and the
disampaikan agenda rapat dan kehadiran Direksi dalam                                      attendance of the Board of Directors at these meetings are
rapat-rapat tersebut.                                                                     as follows.
                                                                                                                                                      Peserta Rapat / Meeting
  No.     Tanggal / Date          Waktu / Time              Tempat / Place                                Agenda
                                                                                                                                                           Participants
   1.    13 Januari 2023 /          14.00 WIB           Via Microsoft Teams        1. Laporan Kinerja Desember dan s.d Desember 2022                 Daconi Khotob, Suherman
         January 13, 2023          s.d selesai /                                      / Performance Report for December and up to                    Yahya, Tubagus M
                                 14.00 WIB until                                      December 2022                                                  Dharury,
                                     finished                                      2. Realisasi Penyelesaian Piutang Kategori A, B, dan              M Saifudin,
                                                                                      C Tahun 2022 dan Proyeksi Penyelesaian Piutang
                                                                                      Kategori A, B dan C Tahun 2023 / Realization of                Franciscus M.A. Sibarani,
                                                                                      Settlement of Receivables Categories A, B and C in             Darusman Mawardi,
                                                                                      2022 and Projections of Settlement of Receivables              Oke Nurwan, Chowadja
                                                                                      Categories A, B and C in 2023                                  Sanova.
                                                                                   3. Refinancing Kredit Sindikasi SMBR / SMBR
                                                                                      Syndicated Credit Refinancing
                                                                                   4. Persiapan RUPSLB SMBR Tahun 2023 / Preparation
                                                                                      for the 2023 SMBR EGMS
                                                                                   5. Perubahan Nomenklatur di SMBR / Changes in
                                                                                      Nomenclature in SMBR
  2.     17 Januari 2023 /       11.00 WIB sd           Via Microsoft Teams        1. Laba rugi SMBR tahun buku 2022 / SMBR’s profit and             Daconi Khotob, Suherman
         January 17, 2023       Selesai / 11.00                                       loss for the 2022 fiscal year                                  Yahya, Tubagus M
                                WIB until Finish                                   2. Penyelesaian Piutang bermasalah / Settlement of                Dharury,
                                                                                      problem receivables                                            M Saifudin,
                                                                                   3. Update kajian refinancing kredit investasi sindikasi
                                                                                      SMBR / Update on SMBR syndicated investment                    Franciscus M.A. Sibarani,
                                                                                      credit refinancing review                                      Darusman Mawardi,
                                                                                                                                                     Oke Nurwan, Chowadja
                                                                                                                                                     Sanova.
  3.     20 Januari 2023 /       10.00 WIB sd                   Hybrid             Penyajian kembali (Restate) Laporan Keuangan                      Daconi Khotob, Suherman
         January 20, 2023       Selesai / 10.00                                    Konsolidasi 31 Desember 2022 SMBR & Entitas Anak                  Yahya, Tubagus M
                                WIB until Finish                                   / Restatement of Consolidated Financial Statements                Dharury,
                                                                                   December 31, 2022 of SMBR & Subsidiaries                          M Saifudin,

                                                                                                                                                     Franciscus M.A. Sibarani,
                                                                                                                                                     Darusman Mawardi,
                                                                                                                                                     Oke Nurwan, Chowadja
                                                                                                                                                     Sanova.
  4.     08 Februari 2023 /      13.00 WIB sd.                  Hybrid             1. Laporan Kinerja Perusahaan Bulan Januari sd                    Daconi Khotob,
         February 08, 2023      Selesai / 13.00                                       januari 2023 / Company Performance Report for                  Suheman Yahya,
                                WIB until Finish                                      January to January 2023                                        Tubagus M Dharury,
                                                                                   2. Project operasional tambang 3 (T3) / Mining
                                                                                      operational project 3 (T3)                                     Franciscus M.A. Sibarani,
                                                                                   3. Update rencana refinancing / Refinancing plan                  Chowadja Sanova,
                                                                                      updates                                                        Hadi Daryanto




                                                                                                                  2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                        479
Page 482
                               Ikhtisar Kinerja                Laporan Manajemen            Profil Perusahaan            Tinjauan Unit Pendukung Bisnis
                               Performance Highlights          Management Report            Company Profile              Overview on Business Supports




                                                                                                                                                          Peserta Rapat / Meeting
 No.     Tanggal / Date            Waktu / Time           Tempat / Place                                        Agenda
                                                                                                                                                               Participants
 5.      07 Maret 2023 /           13.00 WIB sd                Hybrid              1. Review kinerja Perusahaan bulan februari 2023 dan               Daconi Khotob,
         March 07, 2023           Selesai / 13.00                                     sd februari 2023 / Company performance review for               Suheman Yahya,
                                  WIB until Finish                                    February 2023 and until February 2023                           Tubagus M Dharury,
                                                                                   2. Update progres penyelesaian penangan piutang
                                                                                      / Update the progress of receivable collection                  Franciscus M.A. Sibarani,
                                                                                      settlement                                                      Chowadja Sanova,
                                                                                   3. Closing audit laporan keuangan konsolidasi tahun                Hadi Daryanto
                                                                                      2023 / Closing audit of 2023 consolidated financial
                                                                                      statements
                                                                                   4. Update rencana refinancing kredit sindikasi /
                                                                                      Update on syndicated credit refinancing plans
                                                                                   5. Review kinerja PT BMU / Review of PT BMU’s
                                                                                      performance
 6.    06 April 2023 / April        08.00 WIB           Via Microsoft Teams        1. Pending Matters Rapat Tanggal 07 Maret 2023 /                   Daconi Khotob,
            06, 2023               s.d. selesai /                                     Pending Meeting Materials on March 07, 2023                     Suheman Yahya,
                                  08.00 WIB until                                  2. Laporan Kinerja Perusahaan Bulan Maret dan s.d.                 Tubagus M Dharury,
                                     finished                                         Maret 2023 / Company Performance Report for
                                                                                      March and up to March 2023                                      Franciscus M.A. Sibarani,
                                                                                   3. Progres Penagihan Piutang / Receivables Collection              Chowadja Sanova,
                                                                                      Progress                                                        Hadi Daryanto
                                                                                   4. Kebijakan SDM / HR Policy
 7.     09 Mei 2023 / May          14.30 WIB sd         Via Microsoft Teams        1. Laporan Kinerja bulan April dan sd April 2023 / Daconi Khotob,
            09, 2023              Selesai / 14.30                                     Performance Report for April and April 2023     Suherman Yahya,
                                  WIB until Finish                                 2. Proyeksi penagihan piutang ABC 2023 / ABC Rahmat Hidayat,
                                                                                      receivables collection projections 2023
                                                                                                                                      Franciscus M.A. Sibarani,
                                                                                                                                      Chowadja Sanova,
                                                                                                                                      Hadi Daryanto

 8.    09 Juni 2023 / June          06.30 WIB           Via Microsoft Teams        1. Kinerja bulan Mei sd Mei 2023 / Performance from Daconi Khotob,
            09, 2023               sd Selesai /                                       May to May 2023                                   Suherman Yahya,
                                  06.30 WIB until                                  2. Progres penanganan piutang Mei 2023 / Progress on Rahmat Hidayat,
                                     finished                                         handling receivables in May 2023
                                                                                                                                        Franciscus M.A. Sibarani,
                                                                                                                                        Chowadja Sanova,
                                                                                                                                        Hadi Daryanto
 9.     07 Juli 2023 / July         08.30 WIB           Via Microsoft Teams        1. Kinerja bulan Juni 2023 dan Juni 2023 / Performance Daconi Khotob,
             07, 2023              sd Selesai /                                       in June 2023 and June 2023                          Suherman Yahya,
                                  08.30 WIB until                                  2. Progres penanganan piutang Juni 2023 / Progress
                                     finished                                         on handling receivables June 2023                   Franciscus M.A. Sibarani,
                                                                                                                                          Chowadja Sanova,
                                                                                                                                          Hadi Daryanto
 10.    10 Agustus 2023 /           09.00 WIB           Via Microsoft Teams        1. Laporan Kinerja Perusahaan bulan Juli 2023 /                    Daconi Khotob,
         August 10, 2023           sd Selesai /                                       Company Performance Report for July 2023                        Suherman Yahya,
                                  09.00 WIB until                                  2. Progres penjualan Intercompany Sales (ICS) /                    Rahmat Hidayat,
                                     finished                                         Intercompany sales (ICS) progress
                                                                                   3 Progres penanganan piutang / Receivables handling                Franciscus M.A. Sibarani,
                                                                                      progress                                                        Chowadja Sanova,
                                                                                   4. Update progres integrasi (SDM) / Integration                    Hadi Daryanto
                                                                                      progress update (SDM)
 11.   07 September 2023 /         10.00 WIB sd         Via Microsoft Teams        1. Laporan kinerja perusahaan agustus dan sd agustus               Daconi Khotob,
       September 07, 2023         Selesai / 10.00                                     2023 / Company performance report for August and                Suherman Yahya,
                                  WIB until Finish                                    until August 2023                                               Rahmat Hidayat,
                                                                                   2. Progres penjualan intercompany sales (ICS) /
                                                                                      Intercompany sales (ICS) progress                               Franciscus M.A. Sibarani,
                                                                                                                                                      Chowadja Sanova,
                                                                                                                                                      Hadi Daryanto
 12.   12 September 2023 /         13.30 WIB sd           Offline (Jakarta)        Update progres pasca integrrasi / Post-integration Daconi Khotob,
       September 12, 2023         Selesai / 13.30                                  progress updates                                   Suherman Yahya,
                                  WIB until Finish                                                                                    Rahmat Hidayat,

                                                                                                                                                      Franciscus M.A. Sibarani,
                                                                                                                                                      Chowadja Sanova,
                                                                                                                                                      Hadi Daryanto
 13.    06 Oktober 2023 /           09.00 WIB                  Hybrid              Laporan Kinerja September 2023 dan sd September Daconi Khotob,
        October 06, 2023           sd Selesai /                                    2023 / Performance Report September 2023 and up to Suherman Yahya,
                                  09.00 WIB until                                  September 2023                                     Rahmat Hidayat,
                                     finished
                                                                                                                                                      Franciscus M.A. Sibarani,
                                                                                                                                                      Chowadja Sanova,
                                                                                                                                                      Hadi Daryanto




480      PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                          Management Discussion and Analysis             Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                                                                                                                       Peserta Rapat / Meeting
     No.      Tanggal / Date         Waktu / Time               Tempat / Place                              Agenda
                                                                                                                                                            Participants
     14.   27 November 2023 /               -              Via Microsoft Teams        Kinerja Perusahaan bulan Oktober dan s.d Oktober Suherman Yahya,
           November 27, 2023                                                          2023 / Company performance in October and up to M Syafitri,
                                                                                      October 2023                                     Rahmat Hidayat,

                                                                                                                                                      Alex Iskandar Munaf,
                                                                                                                                                      Inosentius Syamsul,
                                                                                                                                                      Chowadja Sanova,
                                                                                                                                                      Hadi Daryanto
     15.   06 Desember 2023 /          15.30 WIB           Via Microsoft Teams        Laporan Kinerja November 2023 dan sd November Suherman Yahya,
           December 06, 2023          sd selesai /                                    2023 / Performance Report for November 2023 and up M Syafitri,
                                    15.30 WIB until                                   to November 2023                                   Rahmat Hidayat,
                                        finished
                                                                                                                                                      Alex Iskandar Munaf,
                                                                                                                                                      Inosentius Syamsul,
                                                                                                                                                      Chowadja Sanova,
                                                                                                                                                      Hadi Daryanto




FREKUENSI DAN KEHADIRAN RAPAT                                                                MEETING FREQUENCY AND ATTENDANCE
Adapun frekuensi dan tingkat kehadiran Direksi pada rapat                                    The frequency and level of attendance of the Board of
tersebut adalah sebagai berikut:                                                             Directors at these meetings are as follows:
                                                                                                                                                       Persentase Kehadiran
                                                                                           Jumlah Rapat /         Jumlah Kehadiran /
     No.                           Nama / Name                                                                                                             / Attendance
                                                                                           Total Meetings          Total Attendance
                                                                                                                                                            Percentage
                                                               Dewan Komisaris / Board of Commissioners
1.         Franciscus M.A. Sibarani
                                                                                                     13                         13                                100%
           Komisaris Utama / President Commissioner
2.         Alex Iskandar Munaf
           Komisaris Utama/Independen / President/Independent                                         2                          2                                100%
           Commissioner
3.         Darusman Mawardi
                                                                                                      3                          3                                100%
           Komisaris Independen / Independent Commissioner
4.         Chowadja Sanova
                                                                                                     15                         15                                100%
           Komisaris Independen / Independent Commissioner
5.         Hadi Daryanto
                                                                                                     12                         12                                100%
           Komisaris / Commissioner
6.         Oke Nurwan
                                                                                                      3                          3                                100%
           Komisaris / Commissioner
7.         Inosentius Syamsul
                                                                                                      2                          2                                100%
           Komisaris / Commissioner
                                                                       Direksi / Board of Directors
1.         Daconi Khotob                                                                             13                         13                                100%
           Direkur Utama / President Director
2.         Suherman Yahya                                                                             2                          2                                100%
           Direktur Utama / President Director
3.         Suherman Yahya                                                                            13                         13                                100%
           Direktur Produksi & Pengembangan / Director of
           production & Development
4.         Muhammad Syafitri                                                                          2                          2                                100%
           Direktur (Fungsi Operasi) / Director of Operation
4.         Tubagus M Dharury                                                                          6                          6                                100%
           Direktur Keuangan & Manajemen Risiko / Director of
           Finance & Risk Management
5.         Rahmat Hidayat                                                                             9                          8                                88,9%
           Direktur (Fungsi Keuangan dan SDM) / Director (Finance
           and HR Department)
6.         Gatot Mardiana                                                                             3                          0                                 0%
           Direktur Umum & SDM / Director of General & HR
7.         Mukhamad Saifudin                                                                          3                          3                                100%
           Direktur Pemasaran / Director of Marketing




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                              Ikhtisar Kinerja                Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                              Performance Highlights          Management Report      Company Profile     Overview on Business Supports




Organ Pendukung Dewan Komisaris
Supporting Organs of the Board of Commissioners

SEKRETARIAT DEWAN KOMISARIS                                                       SECRETARIAT OF THE BOARD OF
                                                                                  COMMISSIONERS
Dewan Komisaris memiliki seorang Sekretaris Dewan                                 The Board of Commissioners has a designated Secretary who
Komisaris      untuk        mendukung                  pelaksanaan        tugas   supports and carries out secretarial duties for the Board. The
kesekretariatan Dewan Komisaris yang dibentuk berdasarkan                         formation of the Secretary to the Board of Commissioners
Peraturan Menteri Negara BUMN No. PER-12/MBU/2012                                 is based on the Regulation of the Minister of State-Owned
tentang     Organ      Pendukung           Dewan          Komisaris/Dewan         Enterprises No. PER-12/MBU/2012, which governs the
Pengawas Badan Usaha Milik Negara. Sekretariat Dewan                              Supporting Organs for the Board of Commissioners/
Komisaris dibentuk dan bertanggung jawab kepada Dewan                             Supervisory Board of State-Owned Enterprises. The Board
Komisaris. Dewan Komisaris berwenang untuk mengangkat                             holds the authority to appoint and dismiss the Secretary to
dan memberhentikan Sekretaris Dewan Komisaris.                                    the Board of Commissioners.


Sekretariat Dewan Komisaris terdiri atas 1 (satu) Sekretaris                      The Secretariat comprises one Secretary to the Board of
Dewan Komisaris sebagai pimpinan Sekretariat yang dapat                           Commissioners, who serves as the head of the Secretariat,
dibantu oleh 1 (satu) atau 2 (dua) orang anggota Sekretariat                      and may be assisted by one or two members of the Secretariat
Dewan Komisaris.                                                                  of the Board of Commissioners.


TUGAS DAN WEWENANG                                                                DUTIES AND AUTHORITIES
Sekretariat Dewan Komisaris menjalankan tugas dan                                 The Secretariat of the Board of Commissioners performs
fungsinya untuk memberikan dukungan dalam berbagai                                a range of duties and functions to provide support for
kegiatan Dewan Komisaris dan kegiatan Komite Dewan                                the activities of the Board of Commissioners and its
Komisaris. Berikut tugas Sekretaris Dewan Komisaris dan                           Committees. Duties of the Secretary and staff of the Board of
Staf Dewan Komisaris secara umum adalah sebagai berikut:                          Commissioners are as follows:
1. Membantu Dewan Komisaris dalam menjaga agar                                    1. Assist the Board of Commissioners in ensuring that the
   pelaksanaan tata tertib Dewan Komisaris secara teknis                             implementation of the Board of Commissioners' rules and
   dapat dilakukan secara tertib.                                                    regulations can technically be carried out in an orderly
                                                                                     manner.
2. Mempersiapkan rapat, termasuk bahan rapat (briefing                            2. Prepare meetings, including meeting materials (briefing
   sheet) Dewan Komisaris.                                                           sheets) for the Board of Commissioners.
3. Membuat Risalah Rapat baik rapat internal Dewan                                3. Prepare minutes of meetings, both internal meetings of
   Komisaris maupun rapat bersama Dewan Komisaris                                    the Board of Commissioners and joint meetings between
   dengan Direksi.                                                                   the Board of Commissioners and the Board of Directors.
4. Menyampaikan kepada Komisaris Utama setiap surat                               4. Submit to the President Commissioner every letter that
   yang masuk ke Kesekretariatan Dewan Komisaris untuk                               goes to the Secretariat of the Board of Commissioners to
   mendapatkan disposisi dari Komisaris Utama.                                       obtain disposition from the President Commissioner.
5. Setiap surat yang ditandatangani oleh Dewan Komisaris                          5. Every letter signed by the Board of Commissioners must
   harus terlebih dahulu dikoreksi dan diparaf oleh Sekretaris                       first be corrected and initialed by the Secretary of the
   Dewan Komisaris.                                                                  Board of Commissioners.
6. Mengadministrasikan dokumen Dewan Komisaris baik                               6. Administer Board of Commissioners documents including
   surat masuk, surat keluar, risalah rapat, maupun dokumen                          incoming letters, outgoing letters, minutes of meetings
   lainnya.                                                                          and other documents.




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                      Management Discussion and Analysis          Good Corporate Governance                Corporate Social and Environmental Responsibility




7. Menyusun rancangan Rencana Kerja dan Anggaran Dewan                                7. Prepare a draft Work Plan and Budget for the Board of
   Komisaris.                                                                               Commissioners.
8. Menyusun      Rancangan              Laporan-Laporan               Dewan           8. Prepare Draft Reports for the Board of Commissioners.
   Komisaris.
9. Dalam    melaksanakan           tugasnya          Sekretariat      Dewan           9. In carrying out its duties, the Secretariat of the Board
   Komisaris apabila diperlukan dapat dibantu oleh staf                                     of Commissioners, if necessary, can be assisted by
   Kesekretariatan Dewan Komisaris yang keberadaannya                                       Secretariat staff of the Board of Commissioners whose
   diangkat atau diberhentikan oleh Dewan Komisaris.                                        existence is appointed or dismissed by the Board of
                                                                                            Commissioners.
10. Untuk   setiap     Komite-Komite,                Sekretaris       Dewan           10. For each Committee, the Secretary of the Board of
   Komisaris diminta membantu demi kelancaran tugas-                                        Commissioners is asked to assist in the smooth running
   tugas dimaksud.                                                                          of the tasks in question.
11. Menyediakan data/informasi yang diperlukan oleh Dewan                             11. Provide        data/information               required           by     the   Board
   Komisaris dan Komite Dewan Komisaris.                                                    of       Commissioners          and       Board          of        Commissioners
                                                                                            Committees.
12. Melaksanakan tugas lain dari Dewan Komisaris.                                     12. Carry out other duties from the Board of Commissioners.


Sekretaris Dewan Komisaris diberikan wewenang sebagai                                 The Secretary of the Board of Commissioners is given the
berikut:                                                                              following authority:
1. Mengatur tata tertib kegiatan kesekretariatan Dewan                                1. Regulate the rules and regulations for the secretariat
   Komisaris;                                                                               activities of the Board of Commissioners;
2. Memastikan        dokumen           penyelenggaraan             kegiatan           2. Ensure that documents for carrying out activities are
   tersimpan dengan baik di Perseroan.                                                      stored properly at the Company.
3. Mengundang dan mengadakan rapat sebatas kepentingan                                3. Invite and hold meetings limited to interests within
   di lingkungan kesekretariatan Dewan Komisaris atau                                       the secretariat of the Board of Commissioners or in
   sesuai dengan perintah dari Dewan Komisaris;                                             accordance with orders from the Board of Commissioners;
4. Setiap akhir tahun memberikan penilaian atas prestasi                              4. At the end of each year, provide an assessment of the
   kerja staf Kesekretariatan Dewan Komisaris;                                              work performance of the Secretariat staff of the Board of
5. Memastikan bahwa Dewan Komisaris mematuhi peraturan                                      Commissioners;
   perundang-undangan serta menerapkan prinsip-prinsip                                5. Ensure that the Board of Commissioners complies with
   GCG;                                                                                     the laws and regulations and implements GCG principles;
6. Memberikan informasi yang dibutuhkan oleh Dewan                                    6. Provide         information           required            by      the     Board   of
   Komisaris secara berkala dan/atau sewaktu-waktu                                          Commissioners periodically and/or at any time if
   apabila diminta;                                                                         requested;
7. Mengkoordinasikan anggota Komite, jika diperlukan                                  7. Coordinate Committee members, if necessary in order to
   dalam rangka memperlancar tugas Dewan Komisaris;                                         facilitate the duties of the Board of Commissioners;
8. Sebagai penghubung (liaison officer) Dewan Komisaris                               8. As a liaison officer for the Board of Commissioners with
   dengan pihak lain                                                                        other parties




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                             Ikhtisar Kinerja                Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report      Company Profile       Overview on Business Supports




                                                      Warga Negara / Nationality    Indonesia
                                                      Domisili / Domicile           Jakarta
                                                      Usia / Age                    49 tahun per 31 Desember 2023 / 49 years old, as of December 31,
                                                                                    2023
                                                      Tempat, Tanggal Lahir /       Padang, 4 Oktober 1974 / Padang, October 4, 1974
                                                      Place, Date of Birth
                                                      Riwayat Pendidikan /          • S1 Akuntansi Universitas Andalas (1997) / Bachelor of Accounting
                                                      Educational Background          from Andalas University (1997)
                                                                                    • S2 Magister Sains Manajemen Universitas Indonesia (2005) /
                                                                                      Master of Management Science, University of Indonesia (2005)
                                                      Riwayat Penunjukan /          1. Surat Keputusan Dewan Komisaris PT Semen Baturaja (Persero)
                                                      Position Background              Tbk No. SK-05/DK-SB/ IX/2019 sejak Tanggal 01 September 2019
                                                                                       / Decree of the Board of Commissioners of PT Semen Baturaja
                                                                                       (Persero) Tbk No. SK-05/DK-SB/ IX/2019 since September 01, 2019
Hera Zera                                                                           2. Surat Keputusan Dewan Komisaris PT Semen Baturaja (Persero)
                                                                                       Tbk No. SK-08/DK-SB/VIII/2022 Tanggal 31 Agustus 2022 tentang
Sekretaris Dewan komisaris                                                             Perpanjangan Masa Tugas Sekretaris Dewan Komisaris Perusahaan
Secretary to the Board of                                                              Perseroan (Persero) PT Semen Baturaja Tbk. / Decree of the Board
                                                                                       of Commissioners of PT Semen Baturaja (Persero) Tbk No. SK-08/
Commissioners                                                                          DK-SB/VIII/2022 dated August 31, 2022 concerning Extension of
                                                                                       the Term of Duty of the Secretary to the Board of Commissioners
                                                                                       of the Company (Persero) PT Semen Baturaja Tbk
                                                      Rangkap Jabatan /             Penata Kelola Perusahaan Negara Muda Asisten Deputi Bidang
                                                      Concurrent Position           Tanggung Jawab Sosial dan Lingkungan Kementerian BUMN
                                                                                    (2023-sekarang) / Junior State Company Management Assistant
                                                                                    Deputy for Social and Environmental Responsibility Ministry of SOEs
                                                                                    (2023-present)
                                                      Pengalaman Kerja / Work       1. Koordinator Bidang Teknologi Informasi, Asdep Bidang Teknologi
                                                      Experience                       dan Informasi Kementerian BUMN (2021-2023) / Coordinator for
                                                                                       Information Technology, Assistant Deputy for Technology and
                                                                                       Information, Ministry of SOEs (2021-2023)
                                                                                    2. Pengendali Fungsi Analisis Ekonomi dan Sektor Industri, Asdep
                                                                                       Bidang Teknologi dan Informasi Kementerian BUMN (2020) /
                                                                                       Controller of the Function of Economic Analysis and Industrial
                                                                                       Sector, Assistant Deputy for Technology and Information, Ministry
                                                                                       of SOEs (2020)
                                                                                    3. Kepala Sub Bidang Energi Logistik, Kawasan dan Pariwisata IIb-
                                                                                       1 Kementerian BUMN (2019- 2020) / Head of Energy, Logistics,
                                                                                       Regions and Tourism Sub-Sector IIb-1 Ministry of SOE (2019-2020)
                                                                                    4. Sekretaris Dewan Komisaris PT Pupuk Sriwidjaja Palembang (2015-
                                                                                       2019) / Secretary to the Board of Commissioners of PT Pupuk
                                                                                       Sriwidjaja Palembang (2015-2019)
                                                                                    5. Komite Investasi dan Manajemen Risiko PT Pertamina Geothermal
                                                                                       Energy (2014-2015) / Investment and Risk Management Committee
                                                                                       of PT Pertamina Geothermal Energy (2014-2015)
                                                                                    6. Komite Audit dan GCG PT Pertamina Geothermal Energy, (2013-
                                                                                       2014) / Audit and GCG Committee of PT Pertamina Geothermal
                                                                                       Energy, (2013-2014)
                                                      Hubungan Afiliasi /           Tidak ada hubungan afiliasi dengan anggota Dewan Komisaris,
                                                      Affiliation                   anggota Direksi lainnya dan pemegang saham utama / There is no
                                                                                    affiliation with members of the Board of Commissioners, other
                                                                                    members of the Board of Directors and major shareholders
                                                      Jumlah Kepemilikan Saham      Tidak memiliki saham SMBR / No ownership of SMBR shares
                                                      SMBR / Total Ownership of
                                                      SMBR Shares




PROGRAM PENGEMBANGAN KOMPETENSI                                                  COMPETENCY DEVELOPMENT PROGRAM
Untuk mendukung pelaksanaan tugasnya, Sekretaris Dewan                           In order to enhance their capabilities and better execute their
Komisaris mengikuti program pengembangan kompetensi                              duties, the Secretary to the Board of Commissioners actively
seperti pelatihan, seminar, workshop sebagai berikut:                            participates in competency development programs, such as
                                                                                 training, seminars, and workshops, as outlined below:




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                           Management Discussion and Analysis          Good Corporate Governance                   Corporate Social and Environmental Responsibility




     No.          Jenis Pelatihan / Type of training                             Tanggal / Date                                      Penyelenggara / Organizer
                                                      Mandiri University, Jakarta, 20 Juni
             Workshop Results- Focused Project Design                                                                    Asian Development Bank (ADB) - Indonesia
     1.                                               2023 / Mandiri University, Jakarta,
                         and Monitoring                                                                                              Resident Mission
                                                                June 20, 2023
                                                                      PLN Training Center, Jakarta,
                                                                                                                         Asian Development Bank (ADB) - Indonesia
     2.       Managing for Development Results (MfDR)                 4 Oktober 2023 / PLN Training
                                                                                                                                     Resident Mission
                                                                     Center, Jakarta, October 4, 2023
                                                                       Jakarta, 27 Desember 2023 /                        BNSP-Lembaga Sertifikasi Profesi – Mitra
     3.           Certified Chief Governance Officer
                                                                       Jakarta, December 27, 2023                                  Kalyana Sejahtera



KEBIJAKAN REMUNERASI SEKRETARIS DEWAN KOMISARIS                                            REMUNERATION POLICY FOR THE SECRETARY TO THE
                                                                                           BOARD OF COMMISSIONERS
Dasar kebijakan remunerasi Sekretaris Dewan Komisaris                                      The foundation of the compensation policy for the Secretary
terdapat pada Surat Keputusan Dewan Komisaris tentang                                      to the Board of Commissioners is outlined in the Board
Pemberhentian dan Pengangkatan Anggota Sekretariat                                         of Commissioners’ decree regarding the recruitment and
Dewan Komisaris.                                                                           termination of members of the Board of Commissioners’
                                                                                           secretariat.
                                                                                                                                                                  Total Remunerasi
                                                                                                           Tunjangan Hari    Tunjangan Per
           Nama dan Jabatan /                Periode Jabatan /            Gaji Per Bulan /                                                                          2023 / Total
                                                                                                           Raya / Religious Bulan / Allowance
            Name and Position                  Term of Office            Salary per Month                                                                          Remunerations
                                                                                                          Holiday Allowance     per Month
                                                                                                                                                                         2023
Hera Zera                                      1 Januari – 31
Sekretaris Dewan Komisaris                   Desember 2023
                                                                                   28.500.000                   28.500.000                     5.700.000                     438.900.000
/ Secretary to the Board of                   / January 01, –
Commissioners                               December 31, 2023



LAPORAN SINGKAT PELAKSANAAN KEGIATAN                                                       BRIEF REPORT ON THE IMPLEMENTATION OF ACTIVITIES OF
SEKRETARIS DEWAN KOMISARIS                                                                 THE SECRETARY TO THE BOARD OF COMMISSIONERS
Di        tahun   2023,    Sekretaris           Dewan           Komisaris     telah        Throughout            2023,       the       Secretary            to         the     Board    of
melaksanakan fungsinya sesuai dengan lingkup tugas dan                                     Commissioners              dutifully           executed             her           duties    and
tanggung jawabnya, sebagai berikut:                                                        responsibilities as delineated in her scope of work, which
                                                                                           were as follows:
1. Membuat Risalah Rapat baik rapat internal Dewan                                         1. Prepare minutes of meetings, both internal meetings of
      Komisaris maupun rapat bersama Dewan Komisaris                                             the Board of Commissioners and joint meetings between
      dengan Direksi.                                                                            the Board of Commissioners and the Board of Directors.
2. Menyampaikan kepada Komisaris Utama setiap surat                                        2. Submit to the President Commissioner every letter that
      yang masuk ke Kesekretariatan Dewan Komisaris untuk                                        goes to the Secretariat of the Board of Commissioners to
      mendapatkan disposisi dari Komisaris Utama.                                                obtain disposition from the President Commissioner.
3. Memberikan paraf dan koreksi pada setiap surat yang                                     3. Provide initials and corrections to each letter signed by
      ditandatangani oleh Dewan Komisaris.                                                       the Board of Commissioners.
4. Mengadministrasikan dokumen Dewan Komisaris baik                                        4. Administer Board of Commissioners documents including
      surat masuk, surat keluar, risalah rapat, maupun dokumen                                   incoming letters, outgoing letters, minutes of meetings
      lainnya.                                                                                   and other documents.
5. Menyusun rancangan Laporan-Laporan Dewan Komisaris                                      5. Prepare Reports draft from the Board of Commissioners
      kepada Pemegang Saham Seri A Dwiwarna ataupun                                              to Series A Dwiwarna Shareholders or to interested
      kepada pihak-pihak yang berkepentingan.                                                    parties.
6. Menyediakan data/informasi yang diperlukan oleh Dewan                                   6. Provide data/information required by the Board of
      Komisaris dan Komite Dewan Komisaris.                                                      Commissioners and Board of Commissioners Committees.




                                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Performance Highlights         Management Report      Company Profile            Overview on Business Supports




7. Melakukan     pemenuhan           dokumen         untuk      keperluan      7. Fulfill documents for GCG assessment purposes and
    assessment GCG serta melakukan tindak lanjut hasil                            follow up on GCG assessment results.
    assessment GCG.


KOMITE AUDIT                                                                   AUDIT COMMITTEE
Komite Audit dibentuk           oleh Dewan               Komisaris guna        The Board of Commissioners established the Audit Committee
mendukung efektivitas pelaksanaan fungsi pengawasan                            to bolster the efficiency of oversight measures pertaining to
terkait laporan keuangan, sistem pengendalian internal,                        financial reporting, internal control frameworks, internal and
pelaksanaan fungsi audit internal dan eksternal serta                          external audit functions, risk management, and adherence to
manajemen risiko, dan kepatuhan terhadap peraturan                             relevant laws and regulations.
perundang-undangan yang berlaku.


DASAR HUKUM                                                                    LEGAL BASIS
Pembentukan Komite Audit mengacu pada:                                         Establishment of the Audit Committee refers to:
1. Peraturan Menteri Negara Usaha Milik Negara No.                             1. Regulation of the Minister of State for State-Owned
    PER-12/MBU/2012 tanggal 24 Agustus 2012 tentang                               Enterprises No. PER-12/MBU/2012 dated August 24,
    Organ Pendukung Dewan Komisaris/ Dewan Pengawas                               2012 concerning Supporting Organs for the Board of
    Badan Usaha Milik Negara sebagaimana terakhir kali                            Commissioners/Supervisory                      Board        of   State-Owned
    diubah dengan Peraturan Menteri BUMN Nomor PER-3/                             Enterprises as last amended by Regulation of the Minister
    MBU/03/2023 Tahun 2023.                                                       of SOEs No.PER-3/MBU/03/2023 of 2023
2. Peraturan Otoritas Jasa Keuangan No. 55/ POJK.04/2015                       2. Financial           Services      Authority           Regulation    no.   55/
    tanggal 23 Desember 2015 tentang Pembentukan dan                              POJK.04/2015 dated December 23, 2015 concerning the
    Pedoman Pelaksanaan Kerja Komite Audit.                                       Establishment and Guidelines for Implementing the Work
'                                                                                 of the Audit Committee.
3. Keputusan Dewan Komisaris Perusahaan PT Semen                               3. Decision of the Board of Commissioners of PT Semen
    Baturaja (Persero) Tbk No. SK- 01/ DK-SB/I/2020 tentang                       Baturaja            (Persero)      Tbk        No.       SK-01/DK-SB/I/2020
    Piagam Komite Audit.                                                          concerning Audit Committee Charter.
4. Anggaran Dasar Perusahaan Perseroan (Persero) PT                            4. Articles of Association of the Company (Persero) PT
    Semen Baturaja Tbk, sebagaimana telah beberapa kali                           Semen Baturaja Tbk, as amended several times, most
    diubah terakhir dengan Akta No. 46 tahun 2023.                                recently by Deed No. 46 in 2023.




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                    Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis        Good Corporate Governance               Corporate Social and Environmental Responsibility




Struktur Komite Audit                                                             Structure of the Audit Committee




                                                               Dewan Komisaris
                                                             Board of Commissioner



                                                               Ketua Komite Audit
                                                         Chairman of the Audit Committee




       Anggota Komite Audit                                 Anggota Komite Audit                                        Anggota Komite Audit
     Members of Audit Committee                           Members of Audit Committee                                  Members of Audit Committee



Kedudukan Komite Audit berada di bawah dan bertanggung                            he Audit Committee holds a position subordinate to and is
jawab langsung kepada Dewan Komisaris. Anggota Komite                             directly accountable to the Board of Commissioners. Members
Audit diangkat dan diberhentikan oleh Dewan Komisaris.                            of the Audit Committee are appointed and dismissed by the
Komite Audit dipimpin oleh Komisaris Independen selaku                            Board of Commissioners. The Audit Committee is headed
ketua merangkap anggota. Ketua Komite Audit berhak                                by an Independent Commissioner, who also serves as a
mengusulkan penggantian anggota Komite Audit jika salah                           concurrent member. The Chairman of the Audit Committee
seorang dari anggota Komite Audit berakhir masa tugasnya,                         has the prerogative to recommend a replacement for any
mengundurkan diri atau diberhentikan. Komite Audit juga                           member of the Audit Committee who completes their term,
berkewajiban memberikan laporan pelaksanaan tugas Komite                          resigns, or is dismissed. Furthermore, the Audit Committee is
Audit kepada Dewan Komisaris dan harus memenuhi asas                              obligated to submit a report on its performance to the Board
profesionalisme, objektivitas dan independen.                                     of Commissioners. It is essential for the Audit Committee to
                                                                                  adhere to the principles of professionalism, objectivity, and
                                                                                  independence while carrying out its responsibilities.


PERSYARATAN KOMITE AUDIT                                                          REQUIREMENTS OF THE AUDIT COMMITTEE
Perusahaan telah mengatur persyaratan anggota Komite                              The       Company     stipulates            specific          requirements    that
Audit yang mencakup:                                                              members of the Audit Committee must comply with. These
                                                                                  requirements include:
1. Berkewajiban    memiliki              integritas       yang    tinggi,         1. Demonstrating high integrity, proficiency, knowledge,
   kemampuan, pengetahuan, pengalaman sesuai dengan                                     experience in their field of work, and effective
   bidang pekerjaannya, serta mampu berkomunikasi                                       communication skills.
   dengan baik.                                                                   \
2. Berkewajiban memahami laporan keuangan, bisnis                                 2. Possessing an understanding of financial reports, the
   perusahaan khususnya yang terkait dengan layanan                                     Company’s business, particularly with regards to the
   jasa atau kegiatan usaha Emiten atau Perusahaan                                      services or business activities of the Issuer or Public
   Publik, proses audit, manajemen risiko, dan peraturan                                Company, the audit process, risk management, and
   perundang-undangan di bidang Pasar Modal serta                                       applicable laws and regulations in the Capital Market
   peraturan perundang-undangan terkait lainnya.                                        sector and other relevant fields
3. Berkewajiban mematuhi kode etik Komite Audit yang                              3. Adhering to the Audit Committee’s code of conduct
   ditetapkan oleh Emiten atau Perusahaan Publik.                                       established by the Issuer or Public Company.




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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




4. Bersedia    meningkatkan            kompetensi        secara      terus   4. Willingness to continuously improve their expertise
   menerus melalui pendidikan dan pelatihan.                                    through education and training.
5. Berkewajiban memiliki paling sedikit 1 (satu) anggota yang                5. Having at least one member with experience and expertise
   berpengalaman dan memiliki keahlian di bidang audit,                         in auditing, accounting, and finance.
   akuntansi dan keuangan.
6. Bukan merupakan orang dalam Kantor Akuntan Publik,                        6. Not serving in a Public Accounting Firm, Legal Firm,
   Kantor Konsultan Hukum, Kantor Jasa Penilai Publik atau                      Public Appraisal Service, or any other entity that provides
   pihak lain yang memberi jasa asuransi, jasa non-asuransi,                    insurance, non-insurance services, appraisal services,
   jasa penilai dan/atau jasa konsultasi lain kepada Emiten                     and/or other consulting services to the Issuer or Public
   atau Perusahaan Publik yang bersangkutan dalam waktu                         Company for at least six months.
   6 (enam) bulan terakhir.
7. Bukan merupakan orang yang bekerja atau mempunyai                         7. Not being employed or having the authority and
   wewenang dan tanggung jawab untuk merencanakan,                              responsibility to plan, lead, control, or supervise the
   memimpin, mengendalikan, atau mengawasi kegiatan                             activities of the Issuer or Public Company for at least six
   Emiten atau Perusahaan Publik tersebut dalam waktu 6                         months, except for Independent Commissioners.
   (enam) bulan terakhir, kecuali Komisaris Independen.
8. Tidak memiliki saham langsung maupun tidak langsung                       8. Having no direct or indirect shares in the Issuer or Public
   pada Emiten atau Perusahaan Publik.                                          Company.
9. Dalam hal anggota Komite Audit memperoleh saham                           9. In the event that a member of the Audit Committee
   Emiten atau Perusahaan Publik baik langsung maupun                           acquires shares of the Issuer or Public Company, either
   tidak langsung akibat suatu peristiwa hukum, saham                           directly or indirectly as a result of legal action, such shares
   tersebut wajib dialihkan kepada pihak lain dalam jangka                      must be transferred to another party within a maximum of
   waktu paling lama 6 (enam) bulan setelah diperolehnya                        six months after their acquisition.
   saham tersebut.
10. Tidak mempunyai hubungan afiliasi dengan anggota                         10. Having no business relationships, either directly or
   Dewan Komisaris, anggota Direksi, atau Pemegang                              indirectly, related to the business activities of the Issuer
   Saham Utama Emiten atau Perusahaan Publik.                                   or Public Company.
11. Tidak mempunyai hubungan usaha baik langsung maupun                      11. Having no direct or indirect business relationships related
   tidak langsung yang berkaitan dengan kegiatan usaha                          to the business activities of the Issuer or Public Company.
   Emiten atau Perusahaan Publik.


KOMPOSISI DAN MASA JABATAN                                                   COMPOSITION AND TERM OF OFFICE
Masa jabatan Komite Audit mengacu pada Peraturan Otoritas                    The term of office for the Audit Committee is determined
Jasa Keuangan No. 55/POJK.04/2015 tanggal 23 Desember                        by the Financial Services Authority Regulation No. 55/
2015 tentang Pembentukan dan Pedoman Pelaksanaan Kerja                       POJK.04/2015, which was issued on December 23, 2015,
Komite Audit, yang memuat bahwa Komite Audit terdiri paling                  concerning the Establishment and Guidelines for the
sedikit 3 (tiga) orang anggota yang berasal dari Komisaris                   Implementation of Audit Committee Work. According to the
Independen dan pihak dari luar perusahaan publik yang                        regulation, the Audit Committee is comprised of at least three
diangkat dan diberhentikan oleh Dewan Komisaris. Ketua                       members, including Independent Commissioners and parties
Komite Audit harus diketuai oleh Komisaris Independen.                       from outside the public company, who are appointed and
                                                                             dismissed by the Board of Commissioners. Additionally, the
                                                                             Chairman of the Audit Committee must be an Independent
                                                                             Commissioner.




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                         Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




Di tahun 2023, terdapat perubahan komposisi Komite                                In 2023, there were changes to the composition of the Audit
Audit sebagaimana diuraikan dalam kronologis perubahan                            Committees as described in the chronology of changes to the
komposisi Komite Audit di tahun 2023.                                             composition of the Audit Committee in 2023.


Kronologis Susunan Komite Audit di Sepanjang Tahun 2023                           Chronology of Audit Committee Composition Throughout
                                                                                  2023
                                    Periode 3 Februari                                                                                     Periode 4 Desember
  Periode 1 Januari 2023 –                                    Periode 1 Maret 2023 – 30           Periode 1 Juli 2023 – 3
                                  2023 – 28 Februari 2023                                                                                2023 – 31 Desember 2023
 2 Februari 2023 / January                                    Juni 2023 / March 1, 2023          Desember 2023 / July 1,
                                    / February 3, 2023 -                                                                                   / December 4, 2023 -
 1, 2023 - February 2, 2023                                        – June 30, 2023               2023 - December 3, 2023
                                     February 28, 2023                                                                                      December 31, 2023
 Darusman Mawardi (Ketua          Chowadja Sanova (Ketua      Chowadja Sanova (Ketua             Chowadja Sanova (Ketua                   Chowadja Sanova (Ketua
        / Head)                          / Head)                     / Head)                            / Head)                                  / Head)
       Chowadja Sanova             Mansyursyah Nasution           Muhammad Imran                         Abu Bakar                           Alex Iskandar Munaf
   Mansyursyah Nasution               Muhammad Imran                    Abu Bakar                       Ramza Aziz                                   Abu Bakar
       Muhammad Imran                                                                                                                               Ramza Aziz


Keanggotaan dan komposisi anggota Komite Audit telah                              The membership and composition of the Audit Committee
memenuhi ketentuan dari OJK. Berikut komposisi Komite                             members have met the provisions of the Financial Service
Audit per 31 Desember 2023:                                                       Authority. The following is the composition of the Audit
                                                                                  Committee as of December 31, 2023:


Susunan Komite Audit per 31 Desember 2023                                         Composition of Audit Committee as of December 31, 2023
       Nama / Name                       Dasar Pengangkatan / Basis of Appointment                                  Masa Jabatan / Term of Office
 Chowadja Sanova               Surat Keputusan Dewan Komisaris PT Semen Baturaja Tbk                     3 Februari 2023 - sampai dengan berakhirnya
 Ketua Komite Audit /          Nomor: SK- 04/DK-SB/II/2023 tanggal 28 Februari 2023. /                  masa jabatan sebagai Dewan Komisaris SMBR
 Chairman of the Audit        Decree of the Board of Commissioners of PT Semen Baturaja                 / February 3, 2023 - until the end of his term of
 Committee                      Tbk No: SK-04/DK-SB/II/2023 dated February 28, 2023.                        office as SMBR Board of Commissioners
 Alex Iskandar Munaf           Surat Keputusan Dewan Komisaris PT Semen Baturaja Tbk                   4 Desember 2023 - sampai dengan berakhirnya
 Anggota / Member              Nomor: SK- 12/DK-SB/XI/2023 tanggal 4 Desember 2023. /                  masa jabatan sebagai Dewan Komisaris SMBR /
                              Decree of the Board of Commissioners of PT Semen Baturaja                December 4, 2023 - until the end of his term of
                                Tbk No: SK-12/DK-SB/XI/2023 dated December 4, 2023.                       office as SMBR Board of Commissioners
 Abu Bakar                     Surat Keputusan Dewan Komisaris PT Semen Baturaja Tbk                                  1 Maret 2023 - 1 Maret 2026 /
 Anggota / Member              Nomor: SK-04/DK-SB/II/2023 tanggal 28 Februari 2023. /                                 March 1, 2023 – March 1, 2026
                              Decree of the Board of Commissioners of PT Semen Baturaja
                                Tbk No: SK-04/DK-SB/II/2023 dated February 28, 2023.
 Ramza Aziz                   Surat Keputusan Dewan Komisaris PT Semen Baturaja Tbk                       1 Juli 2023 - 1 Juli 2026 / July 1, 2023 – July 1,
 Anggota / Member           Nomor: SK-07/DK-SB/VI/2023 tanggal 30 Juni 2023. / Decree of                                        2026
                            the Board of Commissioners of PT Semen Baturaja Tbk No: SK-
                                       07/DK-SB/VI/2023 dated June 30, 2023.



PROFIL KOMITE AUDIT                                                               PROFILE OF THE AUDIT COMMITTEE


CHOWADJA SANOVA                                                                   CHOWADJA SANOVA
Ketua Komite Audit                                                                Chairman of the Audit Committee
Profil lengkap disajikan pada “Profil Dewan Komisaris” pada                       The full profile can be found in the “Profile of the Board of
bab “Profil Perusahaan” yang terdapat dalam laporan tahunan                       Commissioners” section within the “Company Profile” chapter
ini.                                                                              of this Annual Report”




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                            Ikhtisar Kinerja                Laporan Manajemen      Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                            Performance Highlights          Management Report      Company Profile        Overview on Business Supports




ALEX ISKANDAR MUNAF                                                             ALEX ISKANDAR MUNAF
Anggota Komite Audit                                                            Member of the Audit Committe
Profil lengkap disajikan pada “Profil Dewan Komisaris” pada                     The full profile can be found in the “Profile of the Board of
bab “Profil Perusahaan” yang terdapat dalam laporan tahunan                     Commissioners” section within the “Company Profile” chapter
ini.                                                                            of this Annual Report.



                                                     Warga Negara / Nationality   Indonesia
                                                     Domisili / Domicile          Bogor, Jawa Barat
                                                     Usia / Age                   59 tahun per 31 Desember 2023 / 59 years old as of December 31, 2023
                                                     Tempat, Tanggal Lahir /      Aceh, 31 Desember 1964 / Aceh, December 31, 1964
                                                     Place, Date of Birth
                                                     Riwayat Pendidikan /         S1 Ekonomi di Universitas Syiahkuala Banda Aceh (1990). / Bachelor of
                                                     Educational Background       Economics degree at Shiakuala University Banda Aceh (1990).
                                                     Riwayat Penunjukan /         Surat Keputusan Dewan Komisaris Tentang Pemberhentian dan
                                                     Background of Appointment    Pengangkatan Anggota Komite Audit PT Semen Baturaja Tbk Nomor:
                                                                                  SK -04/DK-SB/II/2023 tanggal 28 Februari 2023 / Decree of the Board
                                                                                  of Commissioners concerning the Dismissal and Appointment of
                                                                                  Members of the Audit Committee of PT Semen Baturaja Tbk Number:
                                                                                  SK -04/DK-SB/II/2023 dated February 28, 2023

Abu Bakar                                            Rangkap Jabatan /            -
                                                     Concurrent Position
Anggota Komite Audit
                                                     Pengalaman Kerja / Work      - Anggota Dewan Komisaris dan Kepala Audit PT Industri Nuklir
Member of the Audit Committee                        Experience                     Indonesia (Persero) (2016 – 2021) / Member of the Board of
                                                                                    Commissioners and Head of Audit of PT Industri Nuklir Indonesia
                                                                                    (Persero) (2016 – 2021)
                                                                                  - Komite Audit PT Brantas Energi (2021) / Audit Committee of PT
                                                                                    Brantas Energi (2021)
                                                                                  - Komite Audit Biofarma (Persero) (2014 – 2016) / Biofarma Audit
                                                                                    Committee (Persero) (2014 – 2016)
                                                                                  - Komite Audit PT Permodalan Nasional Madani (Persero) (2013
                                                                                    – 2014) / Audit Committee of PT Permodalan Nasional Madani
                                                                                    (Persero) (2013 – 2014)
                                                                                  - Komite Audit Perum LKBN Antara (2012 – 2013) / Audit Committee
                                                                                    of Public Corporation LKBN Antara (2012 – 2013)
                                                                                  - Analisis Keuangan dan Manajemen Risiko di Deputi Bidang
                                                                                    Keuangan dan Manajemen Risiko (2019 – 2020) / Financial
                                                                                    Analysis and Risk Management at the Deputy for Finance and Risk
                                                                                    Management (2019 – 2020)
                                                                                  - Fungsional Auditor Madyan pada Inspektorat kementerian BUMN
                                                                                    (2012 – 2019). / Functional Intermediate Auditor at the BUMN
                                                                                    Ministry Inspectorate (2012 – 2019).
                                                                                  - Kepala Sekretariat, Fungsional Auditor Madya dan Supervisor
                                                                                    Unit Pusat Pengendalian Program dan Proyek Rehabilitasi dan
                                                                                    Rekonstruksi BRR NAD-Nias (2005 – 2009). / Head of Secretariat,
                                                                                    Functional Middle Auditor and Supervisor of the Central Control
                                                                                    Unit for BRR NAD-Nias Rehabilitation and Reconstruction
                                                                                    Programs and Projects (2005 – 2009).
                                                                                  - Fungsional Auditor sampai jenjang Auditor Madya pada Badan
                                                                                    Pengawasan Keuangan dan Pembangunan ( BPKPP) tahun (1991 –
                                                                                    2021) / Functional Auditor up to Middle Auditor level at the Financial
                                                                                    and Development Supervisory Agency (BPKPP) (1991 – 2021)
                                                     Hubungan Afiliasi /          Tidak ada hubungan afiliasi dengan anggota Dewan Komisaris,
                                                     Affiliation                  anggota Direksi, Komite dan pemegang saham utama / No affiliation
                                                                                  with Board of Commissioners, Board of Directors, Committees, and
                                                                                  major shareholders
                                                     Jumlah Kepemilikan Saham     Tidak memiliki saham SMBR / No ownership of SMBR shares
                                                     SMBR / Total Ownership of
                                                     SMBR Shares




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                       Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis           Good Corporate Governance                Corporate Social and Environmental Responsibility




                                                       Warga Negara / Nationality            Indonesia
                                                       Domisili / Domicile                   Bekasi Selatan / South Bekasi
                                                       Usia / Age                            55 tahun per 31 Desember 2023 / 55 years old as of December 31,
                                                                                             2023
                                                       Tempat, Tanggal Lahir /               Aceh Besar, 28 Maret 1968 / Aceh Besar, March 28, 1968
                                                       Place, Date of Birth
                                                       Riwayat Pendidikan /                  S1 Akuntansi di Universitas Syiahkuala Banda Aceh (1994) / Bachelor’s
                                                       Educational Background                Degree in Accounting at Syiahkuala University, Banda Aceh (1994)
                                                       Riwayat Penunjukan /                  Surat Keputusan Dewan Komisaris Tentang Pemberhentian dan
                                                       Background of Appointment             Pengangkatan Anggota Komite Audit PT Semen Baturaja Tbk Nomor:
                                                                                             SK-07/DK-SB/VI/2023 tanggal 30 Juni 2023. / Decree of the Board
                                                                                             of Commissioners concerning the Dismissal and Appointment of
                                                                                             Members of the Audit Committee of PT Semen Baturaja Tbk Number:
                                                                                             SK-07/DK-SB/VI/2023 dated June 30, 2023.
Ramza Aziz
                                                       Rangkap Jabatan /                     -
Anggota Komite Audit                                   Concurrent Position
Member of the Audit Committee                          Pengalaman Kerja / Work               - General Manager Accounting PT Mitsubishi Motors Krama
                                                       Experience                              Yudha Indonesia (Agustus 2015 - Juli 2023) / - General Manager
                                                                                               Accounting PT Mitsubishi Motors Krama Yudha Indonesia (August
                                                                                               2015 - July 2023)
                                                                                             - Finance & Accounting Manager PT Hitachi Power Systems
                                                                                               Indonesia ( 2002 – 2015) / Finance & Accounting Manager PT
                                                                                               Hitachi Power Systems Indonesia (2002 – 2015)
                                                                                             - Finance & Accounting Supervisor PT Hitachi Power Systems
                                                                                               Indonesia (1998 – 2002) / Finance & Accounting Supervisor PT
                                                                                               Hitachi Power Systems Indonesia (1998 – 2002)
                                                                                             - Accounting Staff PT Aria Indonesia Jaya (1994 – 1995) / Accounting
                                                                                               Staff of PT Aria Indonesia Jaya (1994 – 1995)
                                                       Hubungan Afiliasi /                   Tidak ada hubungan afiliasi dengan anggota Dewan Komisaris,
                                                       Affiliation                           anggota Direksi, Komite dan pemegang saham utama / No affiliation
                                                                                             with Board of Commissioners, Board of Directors, Committees, and
                                                                                             major shareholders
                                                       Jumlah Kepemilikan Saham              Tidak memiliki saham SMBR / No ownership of SMBR shares
                                                       SMBR / Total Ownership of
                                                       SMBR Shares



INDEPENDENSI ANGGOTA KOMITE AUDIT                                                       INDEPENDENCY OF MEMBERS OF THE AUDIT COMMITTEE
Keanggotaan Komite Audit bersifat Independen sehingga                                   The membership of the Audit Committee is expected to
Anggota Komite diharapkan mampu memberikan pendapat                                     maintain independence, allowing members to provide
profesional secara bebas sesuai dengan etika profesionalnya                             professional opinions in accordance with ethical principles
tanpa memihak kepada siapapun karena tidak adanya                                       and without bias towards any party, ensuring no conflicts of
benturan kepentingan.                                                                   interest exist.


Hal tersebut juga berlaku untuk Ketua Komite Audit yang                                 This requirement also applies to the Chairman of the
dijabat oleh Dewan Komisaris Independen atau anggota Dewan                              Audit Committee, who must be an independent Board
Komisaris yang dapat bertindak independen. Independensi                                 of Commissioners member, or at the very least, act
komite tidak dapat dipisahkan moralitas yang melandasi                                  independently. The integrity of the committee is built upon
integritasnya. Hal ini perlu menjadi perhatian penting karena                           the moral foundation of its members. This aspect is of
Komite Audit merupakan pihak yang menjembatani antara                                   critical importance as the Audit Committee is responsible
eksternal auditor dan Perusahaan Komite Audit juga menjadi                              for bridging communication between the external auditor
penghubung antara fungsi pengawasan Dewan Komisaris                                     and the Company. Moreover, it serves as a point of contact
dengan internal auditor.                                                                between the Board of Commissioners’ supervisory function
                                                                                        and the internal auditor.




                                                                                                                  2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile        Overview on Business Supports




Seluruh anggota Komite Audit tidak memiliki hubungan                          It is required that all members of the Audit Committee
afiliasi dengan manajemen Perusahaan termasuk menjabat                        maintain a non-affiliated relationship with the Company’s
salah satu jabatan dalam struktur organisasi Perusahaan                       management, which includes not holding any position within
maupun anak perusahaan.                                                       the Company or its subsidiaries’ organizational structure.


Kualifikasi independensi dari anggota Komite Audit harus                      The members of the Audit Committee must fulfill certain
memenuhi kriteria sebagai berikut:                                            criteria to maintain their independence, which are as follows:
                                                                                                                       Alex
                                                                                                     Chowadja                                    Ramza
                      Kriteria Independensi / Independence Criteria                                                 Iskandar         Abu Bakar
                                                                                                      Sanova                                      Aziz
                                                                                                                      Munaf
Menjunjung tinggi integritas, profesionalisme dan standar profesi dalam melaksanakan
tugas dan tanggung jawabnya. / Adhere to the principles of integrity, professionalism, and
professional standards while performing their duties.
Menjaga kerahasiaan dokumen, data dan informasi Perusahaan yang diperoleh, baik dari
pihak internal maupun pihak eksternal. / Maintain confidentiality regarding the Company’s
documents, data, and information obtained, whether from internal or external sources.
Tidak menggunakan aset dan informasi penting yang berkaitan dengan Perusahaan, serta
jabatannya untuk kepentingan Pribadi di luar ketentuan peraturan perundang-undangan
serta kebijakan Perusahaan yang berlaku. / Refrain from using important assets and
information related to the Company or their position for personal interests outside of legal
provisions and prevailing Company policies.
Tidak mengambil keuntungan Pribadi baik secara langsung maupun tidak langsung dari
kegiatan Perusahaan selain penghasilan yang sah. / Avoid obtaining personal interests,
whether directly or indirectly, from the Company’s activities, apart from their lawful
income.
Mematuhi peraturan perundang-undangan yang berlaku, Anggaran Dasar, Pedoman
Perilaku, Pedoman Tata Kelola Perusahaan serta kebijakan-kebijakan Perusahaan /
Comply with the prevailing laws and regulations, Articles of Association, Code of Conduct,
Guidelines for Corporate Governance, and Company policies



PIAGAM (CHARTER) KOMITE AUDIT                                                 CHARTER OF THE AUDIT COMMITTEE
Pelaksanaan tugas dan tanggung jawab Komite Audit                             The Audit Committee’s duties and responsibilities are
mengacu pada Piagam Komite Audit No. SK-01/DK-SB/1/2020                       executed in accordance with the Audit Committee Charter No.
tanggal 06 Januari 2020 dengan memperhatikan peraturan                        SK-01/DK-SB/1/2020, dated January 06, 2020, while adhering
perundang-undangan. Piagam Komite Audit ini digunakan                         to relevant laws and regulations. The Audit Committee
sebagai pedoman dan tata tertib yang mengikat seluruh                         Charter serves as a guideline and code of conduct that obliges
anggota agar dapat melaksanakan tugas dan tanggung                            all members to perform their duties and responsibilities in an
jawabnya secara efisien, efektif, transparan, profesional,                    efficient, effective, transparent, professional, independent,
independen, dapat dipertanggungjawabkan, dan sesuai                           and accountable manner, in accordance with applicable laws
dengan peraturan perundang-undangan yang berlaku.                             and regulations.


Piagam Komite Audit memiliki cakupan, di antaranya:                           The Audit Committee Charter covers the following:
1. Latar Belakang dan Tujuan                                                  1. Background and Objectives
2. Lingkup Peran                                                              2. Scope of Role
3. Wewenang                                                                   3. Authority
4. Kewajiban dan Tanggung Jawab                                               4. Obligation and Responsibility
5. Organisasi dan Keanggotaan                                                 5. Organization and Membership
6. Rapat Komite                                                               6. Committee Meeting
7. Kode Etik                                                                  7. Code of Conduct
8. Pertanggungjawaban                                                         8. Accountability
9. Amandemen Piagam dan Kinerja Komite Audit                                  9. Amendment of Charter and Performance of Audit
                                                                                 Committee




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                    Management Discussion and Analysis       Good Corporate Governance                Corporate Social and Environmental Responsibility




PEDOMAN KERJA KOMITE AUDIT                                                       AUDIT COMMITTEE BOARD MANUAL
1. Peraturan Menteri BUMN Nomor PER-3/MBU/03/2023                                1. Regulation         of      the       Minister          of      SOEs    No.PER-3/
   Tahun 2023 tentang Organ dan Sumberdaya Manusia                                     MBU/03/2023 of 2023 concerning Organs and Human
   Badan Usaha Milik Negara.                                                           Resources of State-Owned Enterprises.
2. Peraturan Otoritas Jasa Keuangan No. 55/ POJK.04/2015                         2. Financial      Services            Authority            Regulation      No.    55/
   tanggal 23 Desember 2015 tentang Pembentukan dan                                    POJK.04/2015 dated December 23, 2015 concerning the
   Pedoman Pelaksanaan Kerja Komite Audit.                                             Establishment and Guidelines for Implementing the Work
                                                                                       of the Audit Committee.
3. Keputusan Dewan Komisaris Perusahaan PT Semen                                 3. Decision of the Board of Commissioners of PT Semen
   Baturaja (Persero) Tbk No. SK- 01/ DK-SB/I/2020 tentang                             Baturaja (Persero) Tbk No. SK-01/ DK-SB/I/2020
   Piagam Komite Audit.                                                                concerning Audit Committee Charter.
4. Anggaran Dasar Perusahaan Perseroan (Persero) PT                              4. Articles of Association of the Company (Persero) PT
   Semen Baturaja Tbk, sebagaimana telah beberapa kali                                 Semen Baturaja Tbk, as amended several times, most
   diubah terakhir dengan Akta No. 46 tahun 2023.                                      recently by Deed No. 46 in 2023.


TUGAS DAN TANGGUNG JAWAB KOMITE AUDIT                                            DUTIES AND RESPONSIBILITIES OF THE AUDIT COMMITTEE
Sesuai dengan Piagam Komite Audit Perusahaan, Komite                             According to the Company’s Audit Committee Charter, the
Audit berkewajiban dan bertanggung jawab untuk:                                  Audit Committee has several obligations and responsibilities,
                                                                                 including:
1. Memperkuat fungsi Dewan Komisaris dalam memastikan                            1. Strengthening the function of the Board of Commissioners
   efektivitas sistem pengendalian intern dan efektivitas                              in ensuring the effectiveness of the internal control
   pelaksanaan tugas eksternal auditor dan internal auditor.                           system and the performance of the external and internal
                                                                                       auditors.
2. Menelaah pelaksanaan pemeriksaan oleh auditor internal,                       2. Reviewing the internal audit activities, assessing the
   mengkaji kecukupan fungsi audit internal termasuk                                   adequacy of the internal audit function, including
   jumlah auditor, rencana kerja tahunan dan penugasan                                 the number of auditors, the annual work plan, and
   yang telah dilaksanakan serta mengawasi tindak lanjut                               assignments carried out, as well as supervising follow-
   pemeriksaan oleh Direksi atas temuan auditor internal.                              up examinations by the Board of Directors on the internal
                                                                                       auditors’ findings.
3. Membantu Dewan Komisaris dalam proses rekomendasi                             3. Assisting the Board of Commissioners in recommending
   penunjukan auditor eksternal kepada RUPS.                                           the appointment of an external auditor to the General
                                                                                       Meeting of Shareholders (GMS).
4. Melakukan pengawasan pelaksanaan audit eksternal                              4. Supervising          the        external          audit’s         implementation,
   termasuk di dalamnya perencanaan audit dan kompetensi                               including audit planning, and assessing the competency
   dan kecukupan jumlah auditornya.                                                    and adequacy of the number of auditors.
5. Memberikan rekomendasi mengenai penyempurnaan                                 5. Providing         recommendations                       for       improving    the
   sistem pengendalian manajemen serta pelaksanaannya.                                 management control system and its implementation.
6. Memberikan pendapat kepada Dewan Komisaris terhadap                           6. Offering opinions to the Board of Commissioners on
   laporan atau hal-hal yang disampaikan oleh Direksi                                  reports or matters submitted by the Board of Directors
   kepada Dewan Komisaris dan mengidentifikasikan hal-hal                              to the Board of Commissioners and identifying matters
   yang memerlukan perhatian Dewan Komisaris.                                          requiring the Commissioners’ attention.
7. Menelaah informasi keuangan yang akan dikeluarkan                             7. Reviewing financial information that the Company will
   Perusahaan,    seperti       laporan          keuangan,   Rencana                   issue, such as financial reports, long-term plans, work
   Jangka Panjang, Rencana Kerja dan Anggaran, laporan                                 plans, budgets, management reports, and other financial
   manajemen, dan informasi keuangan lainnya.                                          information.
8. Menelaah ketaatan perusahaan terhadap peraturan                               8. Reviewing the Company’s compliance with laws and
   perundang-undangan yang berhubungan dengan kegiatan                                 regulations relating to its activities.
   Perusahaan.




                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 496
                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile       Overview on Business Supports




9. Menelaah dan melaporkan kepada Dewan Komisaris atas                        9. Reviewing and reporting to the Board of Commissioners
   pengaduan yang berkaitan dengan Perusahaan.                                   on complaints relating to the Company.
10. Menyampaikan pendapat independen dalam hal terjadi                        10. Providing an independent opinion in the event of
   perbedaan pendapat antara manajemen dan akuntan atas                          disagreements         between            the           management   and
   jasa yang diberikannya.                                                       accountants for the services they provide.
11. Menyusun laporan triwulanan kegiatan Komite Audit                         11. Preparing a quarterly report on the Audit Committee’s
   dan menyampaikannya ke Dewan Komisaris pada bulan                             activities and submitting it to the Board of Commissioners
   pertama setelah triwulan yang bersangkutan.                                   in the first month following each quarter.
12. Membuat laporan khusus kepada Dewan Komisaris, jika                       12. Preparing a special report to the Board of Commissioners,
   diminta.                                                                      if requested.
13. Menjaga kerahasiaan dokumen, data dan informasi                           13. Maintaining the confidentiality of documents, data, and
   perusahaan.                                                                   company information.


Selain itu, Komite Audit juga memiliki tugas dan tanggung                     Furthermore, the Audit Committee has duties and
jawab dalam membantu fungsi pengawasan (oversight roles)                      responsibilities in assisting the Board of Commissioners in
Dewan Komisaris, mencakup:                                                    its oversight roles:
       Lingkup / Scope                                                          Penjelasan / Description
Laporan Keuangan / Financial         Mereviu keandalan dan objektivitas laporan keuangan Perusahaan yang diterbitkan untuk kepentingan
statements                           para pemangku kepentingan. / Review the reliability and objectivity of the Company’s financial statements
                                     issued for the benefit of stakeholders.
Kinerja Operasional /                Mereviu pelaksanaan kegiatan dan kinerja operasional sebagaimana yang ditetapkan dalam Rencana
Operational Performance              Kerja dan Anggaran Perusahaan tahunan. / Reviewing the implementation of operational activities and
                                     performance as stipulated in the annual Work Plan and the Company’s Budget.
Pengendalian Internal / Internal Mereviu efektivitas pengendalian internal yang diterapkan oleh manajemen dalam pengelolaan Perusahaan.
Control                          / Reviewing the effectiveness of internal control implemented by management in managing the Company.
Aktivitas Assurance /                Mereviu rencana dan hasil atas aktivitas yang dilakukan oleh Auditor Internal dalam meningkatkan
Assurance Activities                 keyakinan tentang keakuratan, kelengkapan, dan ketepatan waktu penyajian laporan keuangan, baik
                                     laporan keuangan interim maupun tahunan, serta memastikan efektivitas pengelolaan risiko. Mereviu
                                     rencana dan hasil atas aktivitas yang dilakukan oleh Auditor Eksternal dalam meyakinkan bahwa laporan
                                     keuangan bebas dari salah saji material. / Reviewing plans and results of activities carried out by the Internal
                                     Auditor in increasing confidence regarding the accuracy, completeness and timeliness of presentation of
                                     financial reports, both interim and annual financial reports, as well as ensuring the effectiveness of risk
                                     management. Review plans and results of activities carried out by the External Auditor in ensuring that the
                                     financial statements are free from material misstatement.
Penunjukan Auditor Eksternal         Memberikan rekomendasi kepada Dewan Komisaris mengenai penunjukan auditor eksternal yang
/ Appointment of External            didasarkan pada independensi, ruang lingkup penugasan, dan imbalan jasa. / Provide recommendations
Auditor                              to the Board of Commissioners regarding the appointment of an external auditor based on independence,
                                     scope of assignment, and compensation for services.
Kepatuhan terhadap Peraturan Melakukan penelaahan atas ketaatan terhadap peraturan perundang-undangan yang berhubungan dengan
Perundangan / Compliance     kegiatan Perusahaan dan kepatuhan terhadap seluruh perjanjian dan komitmen yang dibuat Perusahaan
with Rules and Regulations   dengan pihak ketiga. / Conduct a review of compliance with laws and regulations related to the Company’s
                             activities and compliance with all agreements and commitments made by the Company with third parties.
Objektivitas dan Independensi Mereviu objektivitas dan independensi auditor internal dan eksternal. / Review the objectivity and
/ Objectivity and Independence independence of internal and external auditors.
Identifikasi Hal-hal yang            Melakukan identifikasi hal-hal yang memerlukan perhatian Dewan Komisaris serta tugas-tugas Dewan
Menjadi Perhatian /                  Komisaris lainnya. / Identifying matters that require the attention of the Board of Commissioners and other
Identification of Matters            duties of the Board of Commissioners.
Requiring Attention
Respons terhadap Pemangku            Melakukan penelaahan atas saran, permasalahan atau keluhan pemangku kepentingan yang disampaikan
Kepentingan / Response to            langsung kepada Dewan Komisaris. / Reviewing suggestions, problems or complaints from stakeholders
Stakeholders                         submitted directly to the Board of Commissioners.
Pengawasan Lainnya / Other           Melaksanakan tugas-tugas pengawasan lain sesuai dengan permintaan Dewan Komisaris. / Carry out other
Oversight Functions                  supervisory duties in accordance with the request of the Board of Commissioners.




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                       Management Discussion and Analysis          Good Corporate Governance           Corporate Social and Environmental Responsibility




PELAKSANAAN RAPAT KOMITE AUDIT                                                         IMPLEMENTATION OF THE AUDIT COMMITTEE MEETINGS
Kebijakan rapat Komite Audit telah tertuang dalam Piagam                               The Audit Committee Charter specifies that meetings of
Komite Audit, dimana rapat tersebut dilaksanakan sekurang-                             the Audit Committee are held at least as frequently as the
kurangnya sama dengan Rapat Dewan Komisaris dalam                                      meetings of the Board of Commissioners in the Articles of
Anggaran Dasar atau minimal setiap 3 (tiga) bulan sekali.                              Association, or at least once every three months. The Audit
Komite Audit dapat mengadakan rapat dengan Dewan                                       Committee is authorized to convene meetings with the
Komisaris, Direksi, Vice President, auditor internal, risk                             Board of Commissioners, Directors, Vice Presidents, internal
officer, auditor eksternal, dan atau pihak lainnya yang terkait.                       auditors, risk officers, external auditors, and other relevant
                                                                                       parties.


Di tahun 2023, Komite Audit telah melakukan rapat setiap                               In 2023, the Audit Committee conducted monthly meetings,
bulannya meliputi rapat dengan Dewan Komisaris, rapat                                  including meetings with the Board of Commissioners
dengan BOD-1 dan mengadakan rapat koordinasi dengan                                    and BOD-1, as well as holding coordination meetings with
Department of Internal Audit sebanyak 21 (dua puluh satu) kali.                        the Department of Internal Audit 21 (twenty-one) times.
Berikut rekapitulasi agenda rapat dan kehadiran dalam rapat-                           The following is a summary of the meeting agendas and
rapat yang diselenggarakan tersebut.                                                   attendance records for the meetings held.


Daftar Rapat Komite Audit                                                              List of Audit Committee Meetings
  No.     Tanggal / Date          Tempat / Venue                                                        Agenda
   1.    12 Januari 2023 /          Via Microsoft           Pembahasan kinerja perusahaan bulan Desember 2022 dan s.d. Desember 2022 /
         January 12, 2023              Teams                Discussion of company performance in December 2022 and up to December 2022
   2.    20 Januari 2023 /          Via Microsoft           Pembahasan pajak perusahaan / Discussion of corporate taxes
         January 20, 2023              Teams
   3.    23 Januari 2023 /      Kantor Perwakilan Paparan Hasil Audit Laporan Keuangan tahun buku 2022 / Presentation of Audit Results of
         January 23, 2023           Jakarta       Financial Statements for the 2022 fiscal year
                                  Gedung Graha
                                     Irama
   4.     3 Maret 2023 /            Via Microsoft           Pembahasan kinerja perusahaan bulan Februari dan sd Februari 2023. / Discussion of
          March 3, 2023                Teams                company performance in February and up to February 2023.
   5.     6 Maret 2023 /            Via Microsoft           Pembahasan Finalisasi Audit laporan Keuangan Konsolidasi Tahun 2022 / Discussion of
          March 6, 2023                Teams                the Finalization of the 2022 Consolidated Financial Report Audit
   6.     14 Maret 2023 /           Via Microsoft           Reviu atas Permohonan Refinancing Fasilitas sindikasi dengan VP of Accounting & Finance
          March 14, 2023               Teams                / Review of Syndicated Facility Refinancing Application with VP of Accounting & Finance
   7.   6 April 2023 / April        Via Microsoft           Pembahasan kinerja perusahaan bulan Maret dan s.d Maret 2023 / Discussion of company
              6, 2023                  Teams                performance in March and up to March 2023
   8.    9 Mei 2023 / May           Via Microsoft           Pembahasan kinerja perusahaan bulan April dan s.d April 2023 / Discussion of company
             9, 2023                   Teams                performance in April and up to April 2023
   9.    5 Juli 2023 / July         Via Microsoft           Pembahasan kinerja perusahaan Bulan Juni2023 dan s.d Semester I (BOD-1) / Discussion
              5, 2023                  Teams                of company performance in June 2023 and up to Semester I (BOD-1)
  10.    6 Juli 2023 / July         Via Microsoft           Pembahasan kinerja perusahaan Bulan Juni 2023 dan s.d Semester I / Discussion of
              6, 2023                  Teams                company performance in June 2023 and up to Semester I
  11.    8 Agustus 2023 /           Via Microsoft           Pembahasan kinerja perusahaan Bulan Juli 2023 dan s.d Juli 2023 (BOD-1) / Discussion of
          August 8, 2023               Teams                company performance in July 2023 and up to July 2023 (BOD-1)
  12.    10 Agustus 2023 /          Via Microsoft           1. Pembahasan Kinerja Perusahaan Bulan Juli 2023 dan s.d Juli 2023 / Discussion of
          August 10, 2023              Teams                   Company Performance for July 2023 and up to July 2023
                                                            2. Update progres penyelesaian penanganan piutang / Update the progress of receivables
                                                               handling completion
                                                            3. Update proses integrasi (ICS, SDM, dll) / Update on integration processes (ICS, HR, etc.)
  13.   6 September 2023            Via Microsoft           Pembahasan kinerja perusahaan Bulan Agustus 2023 dan s.d Agustus 2023 (BOD-1) /
          / September 6,               Teams                Discussion of company performance in August 2023 and up to August 2023 (BOD-1)
               2023
  14.   7 September 2023            Via Microsoft           Pembahasan kinerja perusahaan Bulan Agustus 2023 dan s.d Agustus 2023 / Discussion of
          / September 7,               Teams                company performance in August 2023 and up to August 2023
               2023




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                               Ikhtisar Kinerja                Laporan Manajemen      Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                               Performance Highlights          Management Report      Company Profile         Overview on Business Supports




  No.        Tanggal / Date        Tempat / Venue                                                         Agenda
   15.     5 Oktober 2023 /          Via Microsoft           Pembahasan Kinerja Perusahaan Bulan September dan s.d September 2023 (BOD-1) /
           October 5, 2023              Teams                Discussion of Company Performance for September and up to September 2023 (BOD-1)
   16.     6 Oktober 2023 /          Via Microsoft           Pembahasan Kinerja Perusahaan Bulan September dan s.d September 2023 dengan BOC
           October 6, 2023              Teams                / Discussion of Company Performance for September and up to September 2023 with BOC
   17.    1 November 2023 /          Via Microsoft           Entry Meeting Audit Laporan Keuangan Konsolidasian PT Semen Baturaja Tbk tahun buku
          November 1, 2023              Teams                2023. / Entry Meeting Audit of PT Semen Baturaja Tbk Consolidated Financial Statements
                                                             for 2023 fiscal year.
   18.     22 November               Via Microsoft           Pembahasan kinerja Bulan Oktober dan s.d Oktober 2023 (BOD-1) / Discussion of
          2023 / November               Teams                performance in October and up to October 2023 (BOD-1)
             22, 2023
   19.    23 November 2023 Kantor Perwakilan 1. Pembahasan Kinerja Perusahaan Bulan Oktober dan s.d Oktober 2023 / Discussion of
           / November 23,      Jakarta          Company Performance for October and up to October 2023
                2023         Gedung Graha    2. Perubahan Susunan Komite Komisaris dan Lain-lain / Changes in the Composition of
                                Irama           the Commissioners Committee and Others
  20.     5 Desember 2023 /          Via Microsoft           Pembahasan kinerja perusahaan Bulan Nov 2023 dan s.d Nov 2023 (BOD-1), dilanjutkan
          December 5, 2023              Teams                dengan rapat Internal BOC / Discussion of company performance in November 2023 and
                                                             up to November 2023 (BOD-1), followed by an Internal BOC meeting
   21.    15 Desember 2023           Via Microsoft           Pembahasan Rancangan RKAP 2024 / Discussion of the 2024 RKAP Draft
            / December 15,              Teams
                 2023


Frekuensi dan Tingkat Kehadiran                                                    Frequency and Attendance Level
                                          Jumlah Wajib Rapat /                       Jumlah Kehadiran /                             Tingkat Kehadiran /
         Nama / Name
                                        Total Mandatory Meetings                      Total Attendance                               Attendance Level
 Chowadja Sanova                                        21                                       21                                            100%
 Alex Iskandar Munaf                                    2                                         2                                            100%
 Abu Bakar                                              18                                       18                                            100%
 Ramza Aziz                                             13                                       13                                            100%
 Darusman Mawardi                                       3                                         3                                            100%
 Mansyursyah Nasution                                   3                                         3                                            100%
 Muhammad Imran                                         3                                         3                                            100%



PENDIDIKAN & PELATIHAN TAHUN BUKU                                                  EDUCATION & TRAINING IN FISCAL YEAR
Sebagai upaya peningkatan kompetensi Komite Audit,                                 In an effort to enhance the competency of the Audit
Perusahaan memfasilitasi berbagai program pengembangan                             Committee, the Company provides various competency
kompetensi       yang      disesuaikan          dengan        perkembangan         development programs that are customized to the
bisnis Perusahaan. Pengembangan kompetensi dapat                                   Company’s business development. Competency development
berupa pelatihan, seminar, atau workshop. Rincian realisasi                        may take the form of training, seminars, or workshops.
pengembangan kompetensi Komite Audit disampaikan pada                              Details regarding the realization of the Audit Committee’s
bab “Profil Perusahaan” yang terdapat dalam laporan tahunan                        competency development are presented in the “Company
ini.                                                                               Profile” chapter included in this annual report.


KEBIJAKAN REMUNERASI KOMITE AUDIT                                                  AUDIT COMMITTEE REMUNERATION POLICY
Dasar kebijakan remunerasi Komite Audit terdapat pada                              The Audit Committee’s remuneration policy is based on the
Keputusan Dewan Komisaris tentang Pemberhentian dan                                Board of Commissioners’ decree concerning the appointment
Pengangkatan masing-masing Anggota Komite.                                         and dismissal of each committee member.




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                     Management Discussion and Analysis      Good Corporate Governance                   Corporate Social and Environmental Responsibility




                                                                                                                                                        Total Remunerasi
                                                                                                 Tunjangan Hari    Tunjangan per
   Nama dan Jabatan /               Periode Jabatan /           Gaji per Bulan /                                                                           2023 / Total
                                                                                                 Raya / Religious Bulan / Allowance
    Name and Position                 Term of Office           Salary per Month                                                                           Remuneration
                                                                                                Holiday Allowance     per Month
                                                                                                                                                               2023
                               1 Maret 2023 – 31 Des 2023
Abu Bakar
                              / March 1, 2023 - December                 24.700.000                     1.833.333                                  0               235.333.333
Anggota / Member
                                        31, 2023
Ramza Aziz                     1 Juli – 31 Des 2023 / July
                                                                         24.700.000                                0                               0               148.200.000
Anggota / Member                 1 - December 31, 2023



LAPORAN SINGKAT PELAKSANAAN KEGIATAN KOMITE                                      BRIEF REPORT ON ACTIVITIES OF THE AUDIT COMMITTEE
AUDIT
Di tahun 2023, Komite Audit telah melaksanakan fungsinya                         In 2023, the Audit Committee fulfilled its serving obligations
sesuai dengan lingkup tugas dan tanggung jawabnya, sebagai                       and responsibilities in accordance with its designated scope,
berikut:                                                                         as Serving outlined below:
1. Kegiatan Evaluasi dan Analisis atas Usulan Rencana Kerja                      1. Evaluation and analysis activities on the proposed 2024
   dan Anggaran Perusahaan (RKAP) Tahun 2024.                                          Company Work Plan and Budget (RKAP).
2. Evaluasi Saran, atas Permasalahan dan Keluhan dari                            2. Evaluated            Suggestions                regarding                Problems      and
   Stakeholder.                                                                        Complaints from Stakeholders
3. Kegiatan Evaluasi dan Analisis Fungsi Internal Audit (IA)                     3. Evaluation and Analysis Activities of the Internal Audit
   serta Penguatan Pengendalian Internal Perusahaan.                                   (IA) Function and Strengthening the Company's Internal
                                                                                       Control
4. Kegiatan Evaluasi atau Analisis terhadap Kebijakan                            4. Evaluation or Analysis Activities of Accounting Policies,
   Akuntansi, Laporan Keuangan Unaudited dan Audited                                   Unaudited and Audited Financial Statements for 2022 of
   Tahun 2022 PT Semen Baturaja (Persero) Tbk.                                         PT Semen Baturaja (Persero) Tbk
5. Kegiatan Evaluasi Kinerja Perusahaan yang menekankan                          5. Company             Performance                Evaluation                Activities    that
   pada Compliance pada Keputusan RUPS mengenai                                        emphasize Compliance with GMS Decisions regarding the
   Rencana Kerja dan Anggaran Perusahaan atau RKAP                                     Company's Work Plan and Budget or RKAP for 2023
   Tahun 2023.
6. Kegiatan Evaluasi dan Analisis Pelaksanaan Investasi dan                      6. Evaluation           and        Analysis          Activities             of    Investment
   Operasional Perusahaan.                                                             Implementation and Company Operations
7. Kegiatan Evaluasi dan Telaahan atas permohonan                                7. Evaluation and review activities on requests for approval
   persetujuan atau rekomendasi Dewan Komisaris sesuai                                 or recommendations from the Board of Commissioners in
   Anggaran Dasar.                                                                     accordance with the Articles of Association.
8. Kegiatan Evaluasi dan Analisis Pengelolaan Anak                               8. Evaluation           and        Analysis          Activities             for    Subsidiary
   Perusahaan.                                                                         Management.
9. Kegiatan Koordinasi Komite Dewan Komisaris dalam                              9. Coordination activities of the Board of Commissioners
   rangka Pelaksanaan Tugas dan Fungsinya berupa: Rapat                                Committees in the context of implementing their duties
   Internal Dewan Komisaris dan Rapat Komite dengan                                    and functions in the form of: Internal Meetings of the
   Direksi.                                                                            Board of Commissioners and Committee Meetings with
                                                                                       the Board of Directors.
10. Monitoring Piutang Macet Distributor.                                        10. Monitoring Distributor Bad Debts
11. Usulan Calon Auditor atas Audit Laporan Keuangan tahun                       11. Proposed Auditor Candidates for the Financial Report
   buku 2023.                                                                          Audit for the 2023 fiscal year
12. Kegiatan Evaluasi atau Analisis terhadap Laporan                             12. Evaluation or Analysis Activities of the Quarterly
   Manajemen Triwulanan PT Semen Baturaja Tbk.                                         Management Report of PT Semen Baturaja Tbk.
13. Kegiatan Diklat/ Studi Banding Ke Dalam dan atau Ke Luar                     13. Training Activities/Comparative Studies Domestically
   Negeri untuk Peningkatan Kompetensi dan Kapabilitas                                 and/or Abroadly to Improve the Competency and
   Komite Audit.                                                                       Capability of the Audit Committee.




                                                                                                              2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja              Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights        Management Report      Company Profile     Overview on Business Supports




EVALUASI KINERJA AUDITOR EKSTERNAL                                             PERFORMANCE ASSESSMENT OF EXTERNAL AUDITOR
Dalam meningkatkan kinerja Auditor Eksternal, Komite Audit                     To improve the External Auditor’s performance, the Audit
telah menelaah dan membahas bersama dengan KAP Imelda                          Committee thoroughly reviewed and discussed with KAP
& Rekan jawab dalam memberikan pendapat mengenai                               Imelda & Partners, who are responsible for providing an
kewajaran penyajian laporan keuangan dan catatan atas                          opinion on the financial statements’ fairness and the notes
laporan keuangan sesuai dengan Standar Akuntansi Keuangan                      to financial statements in accordance with Indonesian
di Indonesia. Pembahasan tersebut mencakup pada evaluasi                       Financial Accounting Standards. The discussion covered
efektivitas pengendalian internal atas pelaporan keuangan,                     the effectiveness of internal control over financial reporting,
kualitas dan kesesuaian dengan Standar Akuntansi Keuangan                      the quality and acceptability of the Financial Accounting
yang diterapkan oleh Perusahaan.                                               Standards applied by the Company.


PENILAIAN ATAS EFEKTIVITAS PELAKSANAAN AUDIT                                   ASSESSMENT OF THE EFFECTIVENESS OF INTERNAL
INTERNAL                                                                       AUDIT IMPLEMENTATION
Untuk mencapai tujuan Perusahaan, Komite Audit telah                           The Audit Committee evaluated the effectiveness of the
menilai efektivitas Audit Internal melalui penelaahan Hasil                    Internal Audit to achieve the Company’s objectives by
Audit yang telah dilakukan sesuai dengan rencana audit                         reviewing the Audit Results, which were conducted in
tahunan dan disajikan dalam Risalah Rapat Komite.                              accordance with the annual audit plan and presented in the
                                                                               Committee Meetings’ Minutes.


PENILAIAN ATAS EFEKTIVITAS PENERAPAN TATA KELOLA                               EVALUATION OF THE EFFECTIVENESS OF CORPORATE
PERUSAHAAN                                                                     GOVERNANCE IMPLEMENTATION
Komite Audit menilai bahwa penerapan tata kelola                               The Audit Committee assesses that the implementation
perusahaan yang baik di Perusahaan telah berjalan dengan                       of good corporate governance in the Company has been
efektif dan efisien serta berjalan memadai namun masih perlu                   running effectively and efficiently and is running adequately
ditingkatkan. Penilaian ini berdasarkan pada penelaahan                        but still needs to be improved. This assessment is based on
Laporan Hasil Asesmen GCG yang dilakukan Perusahaan                            a review of the GCG Assessment Results Report carried out
dan diharapkan menciptakan pengelolaan perusahaan yang                         by the Company and is expected to create healthy company
sehat.                                                                         management.


KOMITE NOMINASI DAN REMUNERASI                                                 NOMINATION AND REMUNERATION COMMITTEE
Komite Nominasi dan Remunerasi dibentuk oleh Dewan                             The Board of Commissioners established the Nomination
Komisaris guna membantu melaksanakan tanggung jawab                            and Remuneration Committee to aid in overseeing the
pengawasan implementasi terhadap kebijakan nominasi dan                        implementation of the nomination and remuneration policies
remunerasi anggota Direksi dan anggota Dewan Komisaris.                        for Directors and Board of Commissioners members. The
Komite   Nominasi        dan     Remunerasi           diangkat      melalui    committee was appointed through the issuance of Board of
Keputusan Dewan Komisaris No. SK-04/DK-SB/IV/2020                              Commissioners Decree No. SK-04/DK-SB/IV/2020 dated April
tanggal 20 April 2020 yang kemudian mengalami perubahan                        20, 2020 which then underwent changes in the composition
susunan anggota Komite berdasarkan SK- 14/DK-SB/XI/2023                        of the Committee members based on SK-14/DK-SB/XI/2023
tanggal 4 Desember 2023.                                                       dated 4 December 2023.


DASAR HUKUM                                                                    LEGAL BASIS
Pembentukan Komite Nominasi dan Remunerasi mengacu                             The formation of the Nomination and Remuneration
pada:                                                                          Committee is based on:
1. Peraturan Menteri Badan Usaha Milik Negara No. PER-                         1. The Regulation of the Ministry of State-Owned
   12/MBU/2012 tanggal 24 Agustus 2012 tentang Organ                              Enterprises No.PER-12/MBU/2012 dated August 24,
   Pendukung Dewan Komisaris/Dewan Pengawas Badan                                 2012, which outlines the roles and responsibilities of
   Usaha Milik Negara sebagaimana telah diubah terakhir                           the supporting organs of the Board of Commissioners/
   dengan     Peraturan        Menteri        BUMN        Nomor     PER-3/        Supervisory Board for State-Owned Enterprises, as last
   MBU/03/2023 Tahun 2023.                                                        amended by Regulation of the Minister of SOEs No. PER-
                                                                                  3/MBU/03/2023 of 2023.

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                    Management Discussion and Analysis          Good Corporate Governance                  Corporate Social and Environmental Responsibility




2. Peraturan Otoritas Jasa Keuangan No. 34/POJK.04/2014                             2. The Regulation of the Financial Services Authority
   tentang Komite Nominasi dan Remunerasi Emiten atau                                     No. 34/POJK.04/2014, which specifies the guidelines
   Perusahaan Publik.                                                                     for the establishment and duties of the Nomination
                                                                                          and Remuneration Committee for Issuers or Public
                                                                                          Companies.


Struktur Komite Nominasi dan Remunerasi                                             Structure of the Nomination and Remuneration Committee



                                                                  Dewan Komisaris
                                                                Board of Commissioner



                                                         Ketua Komite Nominasi dan Remunerasi
                                                             Chairman of the Nomination and
                                                                     Remuneration


                                                           Wakil Ketua Komite Nominasi dan
                                                                     Remunerasi
                                                           Deputy Chair of the Nomination and
                                                               Remuneration Committee



     Anggota Komite Nominasi dan                                                                                             Anggota Komite Nominasi dan
             Remunerasi                                                                                                              Remunerasi
      Members of Nomination and                                                                                               Members of Nomination and
       Remuneration Committee                                                                                                  Remuneration Committee



PERSYARATAN ANGGOTA KOMITE                                                          REQUIREMENTS OF COMMITTEE MEMBERS
Mengacu pada Peraturan Menteri Badan Usaha Milik Negara                             Referring to the Regulation of the Minister of State-
No. PER-12/MBU/2012 tanggal 24 Agustus 2012 tentang Organ                           Owned Enterprises No. PER-12/MBU/2012 dated August
Pendukung Dewan Komisaris/Dewan Pengawas Badan Usaha                                24, 2012 concerning Supporting Organs of the Board
Milik Negara sebagaimana telah diubah terakhir dengan                               of Commissioners/ Supervisory Board of State-Owned
Peraturan Menteri BUMN Nomor PER-3/MBU/03/2023 Tahun                                Enterprises, as last amended by SOEs Ministerial Regulation
2023 dan Peraturan Otoritas Jasa Keuangan Nomor 34/                                 No.PER-3/MBU/03/2023 of 2023 and Financial Services
POJK.04/2014 tentang Komite Nominasi dan Remunerasi.                                Authority Regulation No. 34/POJK.04/2014 concerning the
                                                                                    Nomination and Remuneration Committee.


Berikut ini merupakan persyaratan menjadi anggota Komite                            The following are the requirements to become a member of
Nominasi dan Remunerasi berdasarkan Peraturan Menteri                               the Nomination and Remuneration Committee based on the
BUMN:                                                                               Regulations of the Minister of State- Owned Enterprises:
1. Anggota   Komite      Nominasi           dan      Remunerasi        atau         1. Members            of     the        Nomination              and        Remuneration
   nomenklatur lain dengan fungsi yang sama dapat berasal                                 Committee, or other entities with the same function, may
   dari anggota Dewan Komisaris/Dewan Pengawas atau                                       originate from members of the Board of Commissioners/
   dari luar Perusahaan.                                                                  Supervisory Board or external to the Company.
2. Ketua Komite Nominasi dan Remunerasi atau nomenklatur                            2. The Chairman of the Nomination and Remuneration
   lain dengan fungsi yang sama adalah Komisaris Utama/                                   Committee, or other entities with the same function,
   Ketua Dewan Pengawas/Anggota Dewan Komisaris/                                          is       the   President         Commissioner/Chairman                    of   the
   Dewan Pengawas Independen atau Anggota Dewan                                           Supervisory Board/Member of the Independent Board
   Komisaris/Dewan Pengawas yang dapat bertindak                                          of Commissioners/ Supervisory Board or Member of the
   independen.                                                                            Board of Commissioners/Supervisory Board who can act
                                                                                          independently.


                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 502
                               Ikhtisar Kinerja              Laporan Manajemen      Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                               Performance Highlights        Management Report      Company Profile          Overview on Business Supports




Berikut ini merupakan persyaratan menjadi anggota Komite                         The following are the requirements to become a member of
Nominasi dan Remunerasi berdasarkan Peraturan Otoritas                           the Nomination and Remuneration Committee based on the
Jasa Keuangan (OJK):                                                             Regulations of the Financial Services Authority (OJK):
1. Komite Nominasi dan Remunerasi paling kurang terdiri                          1. The Nomination and Remuneration Committee must
   dari 3 (tiga) orang anggota, dengan ketentuan:                                   comprise a minimum of three members, and must adhere
                                                                                    to the following guidelines:
   a. 1 (satu) orang ketua merangkap anggota, yang                                  a. The committee must include a chairman, who also
       merupakan Komisaris Independen; dan                                                serves as a member, and must be an Independent
                                                                                          Commissioner; and
   b. Anggota lainnya yang dapat berasal dari:                                      b. The remaining members can be drawn from various
                                                                                          sources, including:
       i.    Anggota Dewan Komisaris;                                                     i.    Members of the Board of Commissioners;
       ii. Pihak yang berasal dari luar Emiten atau                                       ii. Individuals who are not affiliated with the
             Perusahaan Publik yang bersangkutan; atau                                          concerned Issuer or Public Company; or
       iii. Pihak yang menduduki jabatan manajerial di bawah                              iii. Individuals who hold managerial positions under
             Direksi yang membidangi sumber daya manusia.                                       the Board of Directors in the field of human
                                                                                                resources.
2. Anggota Komite Nominasi dan Remunerasi lainnya                                2. The majority of the Nomination and Remuneration
   sebagaimana dimaksud pada ayat (1) huruf b sebagian                              Committee’s members, as outlined in article (1) letter
   besar tidak dapat berasal dari pihak yang menduduki                              b, should not be selected from among those who hold
   jabatan manajerial di bawah Direksi yang membidangi                              managerial positions in the human resources department
   sumber daya manusia.                                                             under the Board of Directors.
3. Anggota Komite Nominasi dan Remunerasi yang berasal                           3. Individuals who are not affiliated with the Issuer or Public
   dari luar Emiten atau Perusahaan Publik sebagaimana                              Company, as specified in article (1) letter b point 2, must
   dimaksud pada poin (1) huruf b angka 2 wajib memenuhi                            meet the following criteria to be eligible as members of
   syarat:                                                                          the Nomination and Remuneration Committee:
   a. tidak mempunyai hubungan Afiliasi dengan Emiten                               a. Have no connections to the Issuer or Public Company,
       atau Perusahaan Publik, anggota Direksi, anggota                                   members of the Board of Directors, members of the
       Dewan Komisaris, atau Pemegang Saham Utama                                         Board of Commissioners, or the Majority Shareholders
       Emiten atau Perusahaan Publik tersebut;                                            of the concerned Issuer or Public Company;
   b. memiliki pengalaman terkait Nominasi dan/atau                                 b. Possess relevant expertise in Nomination and/or
       Remunerasi; dan                                                                    Remuneration matters; and
   c. tidak merangkap jabatan sebagai anggota komite                                c. Not hold a concurrent position as a member of any
       lainnya yang dimiliki Emiten atau Perusahaan Publik                                other committees within the concerned Issuer or
       tersebut.                                                                          Public Company.
4. Anggota Direksi Emiten atau Perusahaan Publik tidak                              4. The members of the Board of Directors of the Issuer
   dapat menjadi anggota Komite Nominasi dan Remunerasi.                                  or Public Company are not permitted to serve as
                                                                                          members of the Nomination and Remuneration
                                                                                          Committee.


KOMPOSISI                                                                        COMPOSITION
Keanggotaan        dan      komposisi          Komite       Nominasi       dan   The membership and composition of the Nomination and
Remunerasi mengacu pada Peraturan Otoritas Jasa                                  Remuneration Committee are governed by Financial Services
Keuangan No. 34/POJK.04/2014 tentang Komite Nominasi                             Authority Regulation No. 34/POJK.04/2014, which mandates
dan Remunerasi, yang memuat bahwa Komite Nominasi dan                            that the committee must consist of at least three members.
Remunerasi terdiri paling sedikit 3 (tiga) orang anggota. Masa                   The tenure of the Nomination and Remuneration Committee
jabatan Komite Nominasi dan Remunerasi menyesuaikan                              corresponds to the duration of each member’s term on the
sebagaimana masa jabatan masing-masing anggota Komite                            Board of Commissioners.
Nominasi dan Remunerasi sebagai anggota Dewan Komisaris.


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                       Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis           Good Corporate Governance          Corporate Social and Environmental Responsibility




Di tahun 2023, terdapat perubahan komposisi Komite                                      In 2023, changes were made to the committee’s composition,
Nominasi dan Remunerasi sebagaimana diuraikan dalam                                     as outlined in the chronology of changes to the Nomination
kronologis perubahan komposisi Komite Nominasi dan                                      and Remuneration Committee’s membership during that year.
Remunerasi di tahun 2023.


Kronologis Susunan Komite Nominasi dan Remunerasi di                                    Chronology of the Composition of the Nomination and
Sepanjang Tahun 2023                                                                    Remuneration Committee in 2023
                                                            Periode 3 Februari 2023 – 3 Desember
 Periode 1 Januari 2023 – 2 Februari 2023 /                                                               Periode 4 Desember 2023 - 31 Desember 2023
                                                            2023 / February 3, 2023 - December 3,
     January 1, 2023 - February 2, 2023                                                                      / December 4, 2023 - December 31, 2023
                                                                            2023
       Chowadja Sanova (Ketua / Head)                          Chowadja Sanova (Ketua / Head)                      Alex Iskandar Munaf (Ketua / Head)
    Oke Nurwan (Sekretaris / Secretary)                           Franciscus M. A. Sibarani               Inosentius Samsul (Wakil Ketua / Deputy Head)
          Franciscus M. A .Sibarani                                     Hadi Daryanto                                              Hadi Daryanto
             Darusman Mawardi                                                                                                   Chowadja Sanova



Per 31 Desember 2023, Komite Nominasi dan Remunerasi                                    As of December 31, 2023, the Nomination and Remuneration
terdiri dari 1 (satu) orang ketua dan 3 (tiga) orang anggota.                           Committee consisted of 1 (one) head and 3 (three)
Berdasarkan Keputusan Dewan Komisaris Perusahaan                                        members. Based on the Decree of the Company's Board of
Perseroan No. SK- 14/DK-SB/XI/2023, tanggal 4 Desember                                  Commissioners No. SK-14/DK-SB/XI/2023, dated December
2023, tentang Pemberhentian, Pengalihan Tugas dan                                       4, 2023, concerning the Dismissal, Transfer of Duties and
Pengangkatan Ketua dan Anggota Komite Nominasi dan                                      Appointment of the Head and Members of the Nomination
Remunerasi PT Semen Baturaja Tbk, maka susunan Komite                                   and Remuneration Committee of PT Semen Baturaja Tbk,
Nominasi dan Remunerasi per 31 Desember 2023 adalah                                     the composition of the Nomination and Remuneration
sebagai berikut:                                                                        Committee as of December 31, 2023 is as follows:
Susunan Komite Nominasi dan Remunerasi per 31 Desember                                  Composition of the Nomination and Remuneration
2023                                                                                    Committee as of December 31, 2023
                                                                        Dasar Pengangkatan /
                 Nama / Name                                                                                              Masa Jabatan / Term of Office
                                                                        Basis of Appointment
                                                                Surat Keputusan Dewan Komisaris PT
                                                                                                                    4 Desember 2023 - sampai dengan
Alex Iskandar Munaf                                            Semen Baturaja Tbk Nomor: SK- 14/DK-
                                                                                                                 berakhirnya masa jabatan sebagai Dewan
Ketua Komite Nominasi dan Remunerasi /                         SB/XI/2023 tanggal 4 Desember 2023 /
                                                                                                                Komisaris SMBR / December 4, 2023 - until
Chairman of the Nomination and Remuneration                   Decree of the Board of Commissioners of
                                                                                                                the end of his term of office as SMBR Board
Committee                                                     PT Semen Baturaja Tbk No: SK-14/DK-SB/
                                                                                                                             of Commissioners
                                                                  XI/2023 dated December 4, 2023
                                                                Surat Keputusan Dewan Komisaris PT
                                                                                                                    4 Desember 2023 - sampai dengan
Inosentius Samsul                                              Semen Baturaja Tbk Nomor: SK- 14/DK-
                                                                                                                 berakhirnya masa jabatan sebagai Dewan
Wakil Ketua Komite Nominasi dan Remunerasi                     SB/XI/2023 tanggal 4 Desember 2023. /
                                                                                                                Komisaris SMBR / December 4, 2023 - until
/ Deputy Chairman of the Nomination and                       Decree of the Board of Commissioners of
                                                                                                                the end of his term of office as SMBR Board
Remuneration Committee                                        PT Semen Baturaja Tbk No: SK-14/DK-SB/
                                                                                                                             of Commissioners
                                                                  XI/2023 dated December 4, 2023.
                                                                Surat Keputusan Dewan Komisaris PT
                                                                                                                    4 Desember 2023 - sampai dengan
                                                               Semen Baturaja Tbk Nomor: SK- 14/DK-
                                                                                                                 berakhirnya masa jabatan sebagai Dewan
Chowadja Sanova                                                SB/XI/2023 tanggal 4 Desember 2023. /
                                                                                                                Komisaris SMBR / December 4, 2023 - until
Anggota / Member                                              Decree of the Board of Commissioners of
                                                                                                                the end of his term of office as SMBR Board
                                                              PT Semen Baturaja Tbk No: SK-14/DK-SB/
                                                                                                                             of Commissioners
                                                                  XI/2023 dated December 4, 2023.
                                                                Surat Keputusan Dewan Komisaris PT
                                                                                                                     3 Februari 2023 - sampai dengan
                                                                 Semen Baturaja Tbk Nomor: SK- 03/
                                                                                                                 berakhirnya masa jabatan sebagai Dewan
Hadi Daryanto                                                  DK-SB/II/2023 tanggal 3 Februari 2023 /
                                                                                                                 Komisaris SMBR / February 3, 2023 - until
Anggota / Member                                              Decree of the Board of Commissioners of
                                                                                                                the end of his term of office as SMBR Board
                                                              PT Semen Baturaja Tbk No: SK-03/DK-SB/
                                                                                                                             of Commissioners
                                                                   II/2023 dated February 3, 2023




                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                           501
Page 504
                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile         Overview on Business Supports




PROFIL KETUA DAN ANGGOTA KOMITE NOMINASI DAN                                  PROFILE OF CHAIRMAN AND MEMBERS OF THE
REMUNERASI                                                                    NOMINATION AND REMUNERATION COMMITTEE
Ketua serta anggota Komite Nominasi dan Remunerasi                            The Chairman and Members of the Nomination and
seluruhnya berasal dari Dewan Komisaris. Profil lengkap                       Remuneration Committee are all selected from the Board
disajikan pada bagian "Profil Dewan Komisaris" dalam bab                      of Commissioners. Detailed profiles of each member can be
"Profil Perusahaan" di Laporan Tahunan ini.                                   found in the “Profile of the Board of Commissioners” section,
                                                                              which is located in the “Company Profile” chapter of this
                                                                              annual report.


PIAGAM (CHARTER) KOMITE NOMINASI DAN REMUNERASI                               CHARTER OF THE NOMINATION AND REMUNERATION
                                                                              COMMITTEE
Pelaksanaan tugas dan tanggung jawab Komite Nominasi                          The Nomination and Remuneration Committee’s duties and
dan Remunerasi mengacu pada Keputusan Dewan Komisaris                         responsibilities are carried out in accordance with the Board
No. SK-09/DK-SB/IX/2020 tanggal 10 September 2020 yang                        of Commissioners’ Decree No. SK-09/DK-SB/IX/2020, dated
telah dimutakhirkan dan disetujui dengan Keputusan Dewan                      September 10, 2020, which has been subsequently updated
Komisaris No. SK-03/DK-SB/II/2022 tanggal 28 Januari 2022.                    and ratified by the Board of Commissioners’ Decree No. SK-
                                                                              03/DK-SB/II/2022, dated January 28, 2022.


TUGAS DAN TANGGUNG JAWAB KOMITE NOMINASI DAN                                  DUTIES AND RESPONSIBILITIES NOMINATION AND
REMUNERASI                                                                    REMUNERATION COMMITTEE
Berdasarkan Surat Keputusan Dewan Komisaris Perusahaan                        According to the Decree of the Company’s Board of
No. SK-03/DK-SB/II/2022, Komite Nominasi & Remunerasi                         Commissioners No. SK-03/DK-SB/II/2022, the Nomination &
Perusahaan memiliki tugas dan tanggung jawab sebagai                          Remuneration Committee of the Company has been assigned
berikut:                                                                      the following duties and responsibilities:
1. Terkait dengan kebijakan Nominasi:                                         1. Regarding the Nomination Policy:
   a. Mereviu secara berkala atas Sistem Pengelolaan                             a. To         periodically    review          the        Company’s   Talent
       Talenta (Talent Management System) Perusahaan;                                  Management System;
   b. Memonitor dan mengevaluasi pelaksanaan Sistem                              b. To monitor and evaluate the implementation of the
       Pengelolaan Talenta (Talent Management System);                                 Talent Management System;
   c. Mengevaluasi sistem dan prosedur pengklasifikasian                         c. To evaluate the talent classification system and
       talenta (talent classification) yang dilaksanakan                               procedure carried out by the Board of Directors;
       Direksi;
   d. Memvalidasi dan kalibrasi atas talenta yang diusulkan                      d. To validate and calibrate the talent proposed by the
       oleh Direksi kepada Dewan Komisaris (selected talent);                          Board of Directors to the Board of Commissioners
                                                                                       (selected talent);
   e. Menyusun daftar talenta yang akan dinominasikan                            e. To prepare a list of talents to be nominated by
       Dewan Komisaris kepada RUPS/Menteri (Nominated                                  the Board of Commissioners to the GMS/Minister
       Talent);                                                                        (Nominated Talent);
   f. Memberikan rekomendasi mengenai calon anggota                              f. To provide recommendations regarding prospective
       Dewan Komisaris Anak Perusahaan dan/atau Direksi                                members of the Board of Commissioners of
       Anak Perusahaan kepada Dewan Komisaris;                                         Subsidiaries and/or Directors of Subsidiaries to the
                                                                                       Board of Commissioners
2. Terkait dengan Kebijakan Remunerasi:                                       2. Regarding the Remuneration Policy:
   a. Memberikan rekomendasi kepada Dewan Komisaris                              a. To provide recommendations to the Board of
       mengenai kebijakan remunerasi bagi Direksi;                                     Commissioners on remuneration policies for the
                                                                                       Board of Directors;




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                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik           Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance                  Corporate Social and Environmental Responsibility




   b. Mengevaluasi dan memberikan rekomendasi terhadap                              b. To evaluate and provide recommendations on the
       Kebijakan Remunerasi pegawai perusahaan;                                              Company’s employee Remuneration Policy;
   c. Melaksanakan tugas lainnya sesuai aturan dan                                  c. To carry out other tasks in accordance with applicable
       ketentuan yang berlaku.                                                               rules and regulations
3. Mengevaluasi dan memberikan rekomendasi atas usulan                        3. To evaluate and provide recommendations on Key
   Key Performance Indicators (KPI) Individu anggota Direksi                        Performance Indicators (KPI) proposals for individual
   dan Anggota Dewan Komisaris.                                                     members of the Board of Directors and members of the
                                                                                    Board of Commissioners.
4. Menyiapkan usulan program pengembangan bagi anggota                        4. To prepare proposals for development programs for
   Direksi dan/atau anggota Dewan Komisaris.                                        members of the Board of Directors and/or members of
                                                                                    the Board of Commissioners.
5. Mengevaluasi dan memberikan rekomendasi atas usulan                        5. To evaluate and provide recommendations on the
   struktur organisasi perusahaan dari Direksi.                                     proposed Company organizational structure from the
                                                                                    Board of Directors.
6. Dalam menjalankan tugas dan tanggung jawabnya Komite                       6. In performing its duties and responsibilities, the
   Nominasi dan Remunerasi dapat dibantu oleh tenaga                                Nomination and Remuneration Committee may be
   profesional yang akan ditetapkan secara tersendiri dalam                         assisted by professional staff, which will be determined
   Keputusan Dewan Komisaris.                                                       separately in a Board of Commissioners Decree.
7. Dalam melaksanakan tugasnya Anggota Komite Nominasi                        7. While carrying out their duties, members of the
   dan Remunerasi wajib menjaga kerahasiaan perusahaan.                             Nomination and Remuneration Committee must maintain
                                                                                    confidentiality regarding Company matters.


KEWAJIBAN KOMITE NOMINASI DAN REMUNERASI                                      OBLIGATIONS OF THE NOMINATION AND REMUNERATION
                                                                              COMMITTEE
Komite Nominasi dan Remunerasi memiliki kewajiban untuk                       The Nomination and Remuneration Committee is obligated to
melaksanakan kegiatan sebagai berikut:                                        perform the following activities:
1. Kegiatan Reviu Sistem Pengelolaan Talenta (Talent                          1. Review the Talent Management System.
   Management System).
2. Kegiatan Evaluasi Sistem dan Prosedur Pengklasifikasian                    2. Evaluate the implementation of the Talent Management
   Talenta (Talent Classification).                                                 System and talent classification procedures.
3. Kegiatan Nominasi Top Talent BUMN (BOD & BOD-1)                            3. Nominate top talents for the Board of Directors and Board
   Perusahaan.                                                                      of Directors-1 for corporate SOE.
4. Kegiatan Reviu dan Evaluasi Usulan Key Performance                         4. Evaluate and review proposed Key Performance Indicators
   Indicator (KPI) Individu Direksi dan Dewan Komisaris.                            (KPI) for individual Directors and Board of Commissioners
5. Kegiatan Penyiapan Program Pengembangan Direksi dan                        5. Prepare development programs for the Board of Directors
   Dewan Komisaris.                                                                 and Board of Commissioners.
6. Kegiatan Penentuan Remunerasi Perusahaan.                                  6. Determine Corporate remuneration policies.
7. Kegiatan Evaluasi Usulan Struktur Organisasi Perusahaan.                   7. Evaluate proposed Company Organizational Structures
                                                                                    Activities.


INDEPENDENSI                                                                  INDEPENDENCY
Keanggotaan Komite Nominasi & Remunerasi bersifat                             Membership of the Nomination & Remuneration Committee
Independen. Adapun seluruh anggota tidak memiliki                             is Independent. Meanwhile, all members have no affiliation
hubungan afiliasi dengan Manajemen Perusahaan termasuk                        with the Company’s Management, including holding positions
menjabat salah satu jabatan dalam struktur organisasi                         in the organizational structure of the Company and its
Perusahaan maupun Anak Perusahaan.                                            Subsidiaries.




                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile       Overview on Business Supports




                                                                                 Alex Iskandar       Inosentius            Chowadja
             Kriteria Independensi / Independence Criteria                                                                              Hadi Daryanto
                                                                                    Munaf              Samsul               Sanova
Tidak berasal dari pihak yang menduduki jabatan manajerial di bawah
Direksi yang membidangi SDM. / Not from managerial position under the
Board of Directors in charge of HR.
Tidak mempunyai hubungan afiliasi dengan perusahaan, anggota Dewan
Komisaris, anggota Direksi atau Pemegang / Saham Utama Perusahaan. /
Not affiliated with the Company, members of the Board of Commissioners,
or members of the Board of Directors or major shareholders of the
Company.
Tidak mempunyai hubungan keluarga sedarah sampai derajat ke 3 baik
menurut garis lurus maupun garis ke samping ataupun hubungan timbul
karena perkawinan dengan anggota Dewan Komisaris lainnya atau dengan
Direksi. / No family relations up to the third-degree line either vertically
or horizontally or relations arising from marriage with another member of
the Board of Commissioners or with the Board of Directors.
Tidak mengambil keuntungan pribadi baik secara langsung maupun
tidak langsung dari kegiatan Perusahaan selain penghasilan yang sah. /
Does not take personal advantage either directly or indirectly from the
Company’s activities other than legitimate income.
Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung
yang berkaitan dengan kegiatan usaha Perusahaan. / No business
relations, either directly or indirectly, which are related to the Company’s
business activities.


PELAKSANAAN RAPAT KOMITE NOMINASI DAN                                         IMPLEMENTATION OF NOMINATION AND REMUNERATION
REMUNERASI                                                                    COMMITTEE MEETINGS
Kebijakan rapat Komite Nominasi dan Remunerasi telah                          The       Nomination       and          Remuneration        Committee
tertuang dalam Piagam Komite Nominasi dan Remunerasi,                         implementations are conducted in accordance with the
di mana rapat tersebut dilaksanakan secara berkala paling                     Nomination and Remuneration Committee Charter. The
kurang 1 (satu) kali dalam 4 (empat) bulan atau sesuai                        meetings are held periodically at least once every four months
permintaan Dewan Komisaris.                                                   or as requested by the Board of Commissioners.


Di tahun 2023, Komite Nominasi dan Remunerasi telah                           In 2023, the Nomination and Remuneration Committee
melakukan rapat sebanyak 5 (lima) kali dengan agenda dan                      conducted 5 (five) meetings with the following agendas and
frekuensi kehadiran sebagai berikut:                                          attendance frequencies:
Daftar Rapat Komite Nominasi dan Remunerasi                                   List of Nomination and Remuneration Committee Meetings
                                       Tempat/Media /
  No.     Tanggal / Date                                                                   Agenda Rapat / Meeting Agenda
                                        Venue/Media
                                                                 Pembahasan Penilaian Kinerja Manajemen PT Semen Baturaja Tbk Tahun 2022 /
          2 Januari 2023 /
   1.                                 Via Zoom Meeting           Discussion of Management Performance Assessment of PT Semen Baturaja Tbk
          January 2, 2023
                                                                 in 2022
         27 Januari 2023 /                                       Pembahasan Persetujuan Perubahan Struktur Organisasi Induk / Discussion of
  2.                               Raffles Hotel Jakarta
         January 27, 2023                                        Approval of Changes to the Parent Organization Structure
                                                                 Usulan Tantiem Tahun Buku 2022 dan Remunerasi Tahun Buku 2023 bagi Direksi
           11 April 2023 /                                       dan Dewan Komisaris PT Semen Baturaja Tbk / Proposed Tantiem for the 2022
  3.                                Via Microsoft Teams
           April 11, 2023                                        Fiscal Year and Remuneration for the 2023 Fiscal Year for the Board of Directors
                                                                 and Board of Commissioners of PT Semen Baturaja Tbk
           05 Juni 2023 /                                        Pembahasan Persetujuan Perubahan Struktur Organisasi Induk / Discussion of
  4.                                Via Microsoft Teams
            June 5, 2023                                         Approval of Changes to the Parent Organization Structure
                                                                 Pemberian Rekomendasi atas usulan nama-nama calon pengurus Anak
           28 Juni 2023 /                                        Perusahaan PT Baturaja Multi Usaha (calon Direktur) / Providing recommendations
  5.                                Via Microsoft Teams
           June 28, 2023                                         for the proposed names of candidates for management of the Subsidiary
                                                                 PT Baturaja Multi Usaha (director candidates)




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                      Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis          Good Corporate Governance                Corporate Social and Environmental Responsibility




Frekuensi dan Tingkat Kehadiran                                                       Frequency and Attendance Level
                                    Jumlah Wajib Rapat / Total                            Jumlah Kehadiran /                                Tingkat Kehadiran /
      Nama / Name
                                      Mandatory Meetings                                   Total Attendance                                  Attendance Level
Alex Iskandar Munaf                                    -                                             -                                                     -
Inosentius Samsul                                      -                                             -                                                     -
Chowadja Sanova                                        5                                             5                                                 100%
Hadi Daryanto                                          3                                             3                                                 100%
Oke Nurwan                                             2                                             2                                                 100%
Franciscus M.A. Sibarani                               5                                             5                                                 100%
Darusman Mawardi                                       2                                             2                                                 100%



PROGRAM ORIENTASI KOMITE NOMINASI DAN REMUNERASI                                      NOMINATION AND REMUNERATION COMMITTEE
                                                                                      ORIENTATION PROGRAM
Anggota Komite Nominasi dan Remunerasi seluruhnya                                     All members of the Nomination and Remuneration
merupakan Dewan Komisaris, sehubungan dengan adanya                                   Committee are members of the Board of Commissioners, in
perubahan pada komposisi Dewan Komisaris maka telah                                   connection with changes to the composition of the Board of
dilakukan program orientasi atau pengenalan pada tahun                                Commissioners, an orientation or introduction program has
2023 yaitu pada:                                                                      been carried out in 2023, namely:
1. Pengenalan perusahaan untuk Hadi Daryanto dilaksanakan                             1. Company introduction for Hadi Daryanto was held on
   pada 8 Maret 2023.                                                                       March 8 ,2023.
2. Pengenalan       perusahaan          untuk        Inosentius      Samsul           2. Company introduction for Inosentius Samsul was held on
   dilaksanakan pada 10 November 2023.                                                      November 10, 2023.
3. Pengenalan perusahaan untuk Alex Iskandar Munaf                                    3. Company introduction for Alex Iskandar Munaf was held
   dilaksanakan pada 13 November 2023.                                                      on November 13, 2023.


PENDIDIKAN & PELATIHAN TAHUN BUKU                                                     EDUCATION AND TRAINING IN FISCAL YEAR
Sebagai upaya peningkatan kompetensi Komite Nominasi                                  To enhance the competence of the Nomination and
dan   Remunerasi,      Perusahaan            memfasilitasi        berbagai            Remuneration Committee, the Company provides various
program pengembangan kompetensi yang disesuaikan                                      competency development programs that are tailored to the
dengan perkembangan bisnis Perusahaan. Pengembangan                                   Company’s business development. These programs may
kompetensi dapat berupa pelatihan, seminar, atau workshop.                            include training, seminars, or workshops. The details of the
Rincian   realisasi   pengembangan                 kompetensi        Komite           Nomination and Remuneration Committee’s competency
Nominasi dan Remunerasi disampaikan pada bab “Profil                                  development programs are presented in the “Company
Perusahaan” yang terdapat dalam laporan tahunan ini.                                  Profile” chapter of this annual report.


KEBIJAKAN REMUNERASI KOMITE NOMINASI DAN                                              NOMINATION AND REMUNERATION COMMITTEE
REMUNERASI                                                                            REMUNERATION POLICY
Mengingat bahwa seluruh anggota Komite Nominasi dan                                   Since all members of the Nomination and Remuneration
Remunerasi berasal dari Dewan Komisaris Perusahaan,                                   Committee          are    part        of      the       Company’s        Board   of
maka sesuai Pasal 24 Ayat 2 POJK 34/POJK.04/2014 tentang                              Commissioners, they are subject to Article 24 Paragraph
Komite Nominasi dan Remunerasi Emiten atau Perusahaan                                 2 of POJK 34/POJK.04/2014, which states that a Board of
Publik yang mengatur bahwa Anggota Dewan Komisaris                                    Commissioners member who becomes the Chair or member
yang menjadi Ketua atau anggota Komite Nominasi dan                                   of the Nomination and Remuneration Committee is not
Remunerasi tidak diberikan penghasilan tambahan selain                                entitled to additional income other than their regular income
penghasilan sebagai anggota Dewan Komisaris, maka rincian                             as a Board member. Therefore, the details of remuneration
remunerasi yang diterima oleh seluruh anggota Komite                                  received by all members of the Nomination and Remuneration




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                              Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Nominasi dan Remunerasi tersebut telah disampaikan                             Committee are included in the Governance Chapter of this
pada Laporan Tahunan ini pada Bab Tata Kelola, Sub Bab                         Annual Report, under the sub-chapter Remuneration for the
Remunerasi Dewan Komisaris dan Direksi.                                        Board of Commissioners and Directors


LAPORAN PELAKSANAAN KEGIATAN DI TAHUN 2023                                     REPORT ON THE IMPLEMENTATION OF ACTIVITIES IN 2023
Di tahun 2023, Komite Nominasi dan Remunerasi telah                            In 2023, the Nomination and Remuneration Committee
melaksanakan fungsinya sesuai dengan lingkup tugas dan                         fulfilled its obligations in accordance with its scope of duties
tanggung jawabnya, sebagai berikut:                                            and responsibilities, as follows:
1. Melaksanakan Kegiatan Nominasi Top Talent BUMN (BOD                         1. Carried out the Company's BUMN Top Talent Nomination
    & BOD-1) Perusahaan, yaitu dengan melakukan validasi                          Activities (BOD & BOD-1), namely by validating the selected
    atas selected Talent yang disampaikan oleh Direksi dan                        Talent submitted by the Directors and also evaluating the
    juga melakukan evaluasi Direksi yang sedang menjabat                          Directors who are currently serving on January 2, 2023;
    pada tanggal 2 Januari 2023;
2. Melakukan pembahasan dan evaluasi terhadap usulan                           2. Discussed and evaluated proposals for changes to the
    Perubahan struktur organisasi perusahaan dari Direksi,                        Company's organizational structure from the Board of
    serta memberikan rekomendasi kepada Dewan Komisaris                           Directors, and provide recommendations to the Board of
    atas usulan tersebut pada tanggal 27 Januari 2023 dan 5                       Commissioners regarding these proposals on January 27,
    Juni 2023;                                                                    2023 and June 5, 2023;
3. Menyusun dan melakukan konsultasi Perencanaan                               3. Prepared and conducted consultations on Tantiem
    Anggaran Tantiem atas Kinerja Tahun 2022 Pada RKAP                            Budget Planning for 2022 Performance in the 2023 RKAP;
    Tahun 2023;
4. Memberikan usulan tantiem Tahun Buku 2022 dan                               4. Provided bonuses for the 2022 Fiscal Year and
    Remunerasi Tahun Buku 2023 bagi Direksi dan Dewan                             Remuneration for the 2023 Fiscal Year for the Board of
    Komisaris PT Semen Baturaja Tbk pada tanggal 11 April                         Directors and Board of Commissioners of PT Semen
    2023;                                                                         Baturaja Tbk on April 11, 2023;
5. Memberikan rekomendasi atas usulan nama-nama calon                          5. Provided recommendations on the proposed names
    pengurus pengurus Anak Perusahaan PT Baturaja Multi                           of candidates for management of the Subsidiary PT
    Usaha (calon anggota Dewan Komisaris dan Direktur)                            Baturaja Multi Usaha (candidate members of the Board of
    yang diajukan oleh Direksi tanggal 28 Juni 2023.                              Commissioners and Directors) submitted by the Board of
                                                                                  Directors on June 28, 2023.


KEBIJAKAN SUKSESI DIREKSI                                                      POLICY OF THE BOARD OF DIRECTORS
Perusahaan menerapkan kebijakan suksesi Direksi sebagai                        The Company has put in place a succession policy for the
langkah     mempersiapkan           dan       melanjutkan      regenerasi      Board of Directors as part of its efforts to prepare for future
kepemimpinan di masa depan. Hal tersebut sesuai dengan                         leadership regeneration. This is in accordance with the
Peraturan Menteri BUMN Nomor PER-3/MBU/03/2023 Tahun                           Regulation of the Minister of SOEs No.PER-3/MBU/03/2023
2023 tentang Organ dan Sumberdaya Manusia Badan Usaha                          of 2023 concerning Organs and Human Resources of State-
Milik Negara.                                                                  Owned Enterprises.


Rincian pembahasan tentang “Suksesi Direksi” diuraikan pada                    Further details on the discussion regarding the “Succession
bagian “Nominasi Dewan Komisaris dan Direksi” dalam bab ini                    of the Board of Directors” are provided in the “Nominations of
                                                                               the Board of Commissioners and Board of Directors” section
.                                                                              of this chapter.




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                     Analisis dan Pembahasan Manajemen     Tata Kelola Perusahaan yang Baik           Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis    Good Corporate Governance                  Corporate Social and Environmental Responsibility




KOMITE MANAJEMEN RISIKO                                                        RISK MANAGEMENT COMMITTEE
Komite Manajemen Risiko dibentuk guna memenuhi                                 The Risk Management Committee has been established with
ketentuan hukum dan perundang-undangan di Indonesia                            the aim of assisting the Board of Commissioners in carrying
untuk Perusahaan Terbuka serta sebagai bentuk komitmen                         out its supervisory function, as well as fulfilling legal and
Perseroan dalam menerapkan Good Corporate Governance                           regulatory requirements in Indonesia for Public Companies.
secara konsisten, mengingat semakin kompleksnya tugas-                         It also reflects the Company’s commitment to consistently
tugas dan fungsi Dewan Komisaris dalam melakukan                               implementing Good Corporate Governance.
Pengawasan terhadap Perseroan.


DASAR HUKUM                                                                    LEGAL BASIS
Pembentukan Komite Manajemen Risiko mengacu pada                               The establishment of the Risk Management Committee is
Peraturan Menteri Negara Badan Usaha Milik Negara No.                          based on the Regulation of the State Minister for State-
PER-2/MBU/03/2023 Tahun 2023 tentang Pedoman Tata                              Owned Enterprises No. PER-2/MBU/03/2023 in 2023,
Kelola dan Kegiatan Korporasi Signifikan Badan Usaha Milik                     which concerns Guidelines for Governance and. Significant
Negara, pada Pasal 21 ayat:                                                    Corporate Activities of SOEs, in Article 21, paragraphs:
1. Dalam rangka mendukung efektivitas pelaksanaan tugas                        1. To support the effective implementation of Supervisory
   dan tanggung jawab pengawasan, Dewan Komisaris/                                   duties and responsibilities, the Board of Commissioners/
   Dewan Pengawas wajib membentuk paling sedikit:                                    Supervisory Board shall establish at least:
   a. Sekretariat Dewan Komisaris/Dewan Pengawas;                                    a. Secretariat           of      the       Board         of      Commissioners/
                                                                                              Supervisory Board;
   b. Komite Audit;                                                                  b. Audit Committee;
   c. Komite Nominasi dan Remunerasi atau Nomenklatur                                c. The Nomination and Remuneration Committee, or
       lain dengan Fungsi yang sama;                                                          other entities with the same function;
   d. Komite Lainnya, jika diperlukan.                                               d. Other Committees, if required.
2. Komite lain sebagaimana dimaksud pada poin (1) huruf d                      2. Other Committees as referred to in paragraph (1) letter d,
   dapat dibentuk dalam hal:                                                         can be established in:
   a. Diwajibkan      berdasarkan              ketentuan   peraturan                 a. Required by statutory provisions;
       perundang-undangan;
   b. Diwajibkan oleh Menteri;                                                       b. Required by the Minister;
   c. Sesuai dengan kategori dan klasifikasi Risiko BUMN                             c. In accordance with the categories and classification
       berdasarkan Intensitas Risiko BUMN; atau                                               of SOE Risk based on SOE Risk Intensity; or
   d. Disetujui oleh Menteri berdasarkan kompleksitas                                d. Approved by the Minister based on the complexity
       dan beban yang dihadapi Dewan Komisaris/Dewan                                          and burden faced by the Board of Commissioners/
       Pengawas dalam menjalankan tugas di BUMN yang                                          Supervisory Board in carrying out their duties at the
       bersangkutan.                                                                          SOE concerned.
3. Pengangkatan anggota komite sebagaimana dimaksud                            3. Appointment of committee members as intended
   pada ayat (1) dilakukan oleh Dewan Komisaris/Dewan                                in paragraph (1), which is carried out by the Board of
   Pengawas.                                                                         Commissioners/Supervisory Board.
4. Dewan Komisaris/Dewan Pengawas wajib memastikan                             4. The Board of Commissioners/Supervisory Board is
   bahwa sekretariat dan komite yang telah dibentuk                                  obligated to ensure that the secretariat and committees
   sebagaimana dimaksud pada ayat (1) menjalankan tugas                              that have been formed, carry out their duties effectively,
   secara efektif.                                                                   as intended in paragraph (1).
5. Komite sebagaimana dimaksud pada ayat (1) wajib                             5. Committee as referred to in paragraph (1) is obligated to
   menyusun pedoman dan tata tertib kerja komite dan wajib                           prepare committee work guidelines and rules and report
   melaporkan hasil kerja komite paling sedikit satu tahun                           the results of the committee's work at least once a year.
   sekali.




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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile     Overview on Business Supports




6. Seorang atau lebih anggota komite sebagaimana                              6. One or more committee members as referred to in
   dimaksud pada ayat (1) huruf b, huruf c, dan huruf d berasal                  paragraph (1) letter b, letter c and leter d should be
   dari anggota Dewan Komisaris/Dewan Pengawas.                                  members of the Board of Commissioners/Supervisory
                                                                                 Board.


Struktur Komite Manajemen Risiko                                              Structure of the Risk Management Committee




                                                                  Dewan Komisaris
                                                                Board of Commissioner



                                                           Ketua Komite Manajemen Risiko
                                                          Chairman of the Risk Management
                                                                    Committee




   Anggota Komite Manajemen Risiko                      Anggota Komite Manajemen Risiko                Anggota Komite Manajemen Risiko
 Members of Risk Management Committee                 Members of Risk Management Committee           Members of Risk Management Committee




KOMPOSISI DAN MASA JABATAN                                                    COMPOSITION AND TERM OF OFFICE
Piagam Komite Manajemen Risiko mengatur keanggotaan                           The Charter of the Risk Management Committee mandates
dan komposisi Komite Manajemen Risiko paling kurang                           that the committee must comprise a minimum of three
terdiri dari 3 (tiga) orang yang terdiri dari ketua komite yang               individuals, including the committee’s chairman, who must
merupakan Anggota Dewan Komisaris dan anggota komite                          be a member of the Board of Commissioners. The remaining
lainnya yang berasal dari Dewan Komisaris lainnya atau pihak                  members may be drawn from other members of the Board
yang berasal dari luar Perusahaan. Sekurang-kurangnya,                        of Commissioners or external parties. At least one member
salah satu anggota komite harus memiliki latar belakang dan                   of the committee must have an educational background or
kompetensi dalam pendidikan atau memiliki keahlian dalam                      possess expertise in finance and/or risk management.
bidang manajemen risiko dan atau bidang keuangan.


Di tahun 2023 susunan Komite Manajemen Risiko Perseroan                       In 2023, the composition of the Risk Management
mengalami     perubahan,         dikarenakan          susunan      Komite     Committee was modified, due to the Decree of the Board
Manajemen Risiko berdasarkan surat Keputusan Dewan                            of Commissioners No. SK-07/DK-SB/IX/2021 has ended its
Komisaris No. SK-07/DK-SB/IX/2021 telah berakhir masa                         term of office. Thus, based on the Decree of the Board of
jabatannya. Maka berdasarkan Surat Keputusan Dewan                            Commissioners No.SK-13/DK-SB/XI/2023 dated November
Komisaris No.SK-13/DK-SB/XI/2023 tanggal 24 November                          24, 2023, the Company's Risk Management Committee
2023 saat ini Komite Manajemen Risiko Perseroan terdiri dari                  currently consists of 4 (four) people, with the following
4 (empat) orang, dengan kronologis sebagai berikut:                           chronology:




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                      Management Discussion and Analysis        Good Corporate Governance          Corporate Social and Environmental Responsibility




Kronologis Susunan Komite Manajemen Risiko di Sepanjang                             Chronology of the Composition of the Risk Management
Tahun 2023                                                                          Committee in 2023
 Periode 1 Januari 2023 – 2 Februari 2023 /             Periode 3 Februari 2023 – 22 November       Periode 23 November 2023 – 31 Desember
     January 1, 2023 - February 2, 2023               2023 / February 3, 2023 - November 22, 2023 2023 / November 23, 2023 - December 31, 2023
        Oke Nurwan (Ketua / Head)                           Hadi Daryanto (Ketua / Head)                            Hadi Daryanto (Ketua / Head)
             Chowadja Sanova                                   Fahmi Anhar Nurdiyanto                                       Inosentius Samsul
          Fahmi Anhar Nurdiyanto                               Fransisca Niken Handini                                 Fahmi Anhar Nurdiyanto
          Fransisca Niken Handini                                                                                      Fransisca Niken Handini



Dengan demikian, susunan Komite Manajemen Risiko                                    Futhermore, the composition of the Company's Risk
Perusahaan per 31 Desember 2023 adalah sebagai berikut:                             Management Committee as of December 31, 2023 is as
                                                                                    follows:
Susunan Komite Nominasi dan Remunerasi per 31                                       Composition of the Risk Management Committee as of
Desember 2023                                                                       December 31, 2023
             Nama / Name                          Dasar Pengangkatan / Basis of Appointment                       Masa Jabatan / Term of Office
                                                  Surat Keputusan Dewan Komisaris PT Semen
Hadi Daryanto                                     Baturaja Tbk nomor : SK-02/DK-SB/II/2023,            3 Februari 2023 - sampai dengan berakhirnya
Ketua Komite Manajemen Risiko                    tanggal 3 Februari 2023. / Decree of the Board       masa jabatan sebagai Dewan Komisaris SMBR
/ Chairman of Risk Management                     of Commissioners of PT Semen Baturaja Tbk           / February 3, 2023 - until the end of his term of
Committee                                         No: SK-02/DK-SB/II/2023, dated February 3,              office as SMBR Board of Commissioners
                                                                     2023.
                                                 Surat Keputusan Dewan Komisaris PT Semen
                                                                                                           23 November 2023 - sampai dengan
                                                  Baturaja Tbk nomor : SK-13/DK-SB/XI/2023,
                                                                                                        berakhirnya masa jabatan sebagai Dewan
Inosentius Samsul                                   tanggal 23 November 2023. / Decree of
                                                                                                       Komisaris SMBR / November 23, 2023 - until
Anggota / Member                                   the Board of Commissioners of PT Semen
                                                                                                      the end of his term of office as SMBR Board of
                                                 Baturaja Tbk No: SK-13/DK-SB/XI/2023, dated
                                                                                                                      Commissioners
                                                              November 23, 2023.
                                                 Surat Keputusan Dewan Komisaris PT Semen
                                                  Baturaja Tbk nomor : SK-06/DK-SB/II/2022,
Fransisca Niken Handini                         tanggal 28 Februari 2022. / Decree of the Board                     01 Maret 2022 s.d sekarang /
Anggota / Member                                 of Commissioners of PT Semen Baturaja Tbk                          01 March 2022 until present
                                                 No: SK-06/DK-SB/II/2022, dated February 28,
                                                                     2022
                                                  Surat Keputusan Dewan Komisaris PT Semen
                                                   Baturaja Tbk nomor : SK-02/DK-SB/I/2021,
Fahmi Anhar Nurdiyanto                           tanggal 01 Februari 2021. / Decree of the Board                   31 Januari 2021 s.d sekarang /
Anggota / Member                                  of Commissioners of PT Semen Baturaja Tbk                        January 31, 2023 until present
                                                  No:SK-02/DK-SB/I/2021, dated February 01,
                                                                      2021.



PROFIL KOMITE MANAJEMEN RISIKO                                                      PROFILE OF RISK MANAGEMENT COMMITTEE
HADI DARYANTO                                                                       HADI DARYANTO
Ketua Komite Manajemen Risiko                                                       Chairman of the Risk Management Committee
Profil lengkap disajikan pada “Profil Dewan Komisaris” pada                         The complete profile can be found in the “Board of
bab “Profil Perusahaan”                                                             Commissioners Profile” section of the “Company Profile”
                                                                                    chapter.




                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja                Laporan Manajemen      Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                              Performance Highlights          Management Report      Company Profile         Overview on Business Supports




INOSENTIUS SAMSUL                                                                 INOSENTIUS SAMSUL
Anggota Komite Manajemen Risiko                                                   Member of the Risk Management Committee
Profil lengkap disajikan pada “Profil Dewan Komisaris” pada                       The complete profile can be found in the “Board of
bab “Profil Perusahaan”                                                           Commissioners Profile” section of the “Company Profile”
                                                                                  chapter.

                                                       Warga Negara / Nationality   Indonesia / Indonesian
                                                       Domisili / Domicile          Jakarta
                                                       Usia / Age                   43 tahun per 31 Desember 2023 / 43 years old as of December 31,
                                                                                    2023
                                                       Tempat, Tanggal Lahir /      Jakarta, 05 November 1980 / Jakarta, November 05, 1980
                                                       Place, Date of Birth
                                                       Riwayat Pendidikan /         S1 Hukum dari Universitas Nasional Jakarta (2003) / Bachelor of Law,
                                                       Educational Background       Faculty of Law at the National University of Jakarta (2003)
                                                       Riwayat Penunjukan /         Menjabat sebagai Anggota Komite Manajemen Risiko berdasarkan
                                                       Background of Appointment    Keputusan Dewan Komisaris Perusahaan Perseroan nomor : SK-
                                                                                    06/DK-SB/I/2022, tanggal 28 Februari 2022 / Serves as a Member
                                                                                    of the Risk Management Committee based on the Decision of the
                                                                                    Company’s Board of Commissioners No. SK-06/DK-SB/II/2022,
                                                                                    February 28, 2022
Fransisca Niken Handini
                                                       Rangkap Jabatan /            Tidak ada / None
Anggota Komite Manajemen Risiko                        Concurrent Position
Member of the Risk Management                          Pengalaman Kerja / Work      • Staff Sekretaris Dewan Komisaris PT Semen Baturaja (Persero)
                                                       Experience                     Tbk (September 2020- Februari 2022) / Staff Secretary to the
Committee                                                                             Board of Commissioners of PT Semen Baturaja (Persero) Tbk
                                                                                      (September 2020- February 2022)
                                                                                    • Tenaga Teknis Tim Serap Aspirasi UU Cipta Kerja Kementerian
                                                                                      Koordinator Bidang Perekonomian (2020-2021) / Technical Staff
                                                                                      for the Aspiration Absorption Team for the Job Creation Law of the
                                                                                      Coordinating Ministry for Economic Affairs (2020-2021)
                                                                                    • Staff Sekretaris Dewan Komisaris PT Taspen (Persero) (2019–2020)
                                                                                      / Staff Secretary to the Board of Commissioners of PT Taspen
                                                                                      (Persero) (2019–2020)
                                                                                    • Staf khusus Menteri Investasi/Kepala BKPM RI (2014–2016) / Special
                                                                                      staff to the Minister of Investment/Head of BKPM RI (2014–2016)
                                                                                    • Legal Supervisor PT Garudafood Putra Putri Jaya (2009–2014) /
                                                                                      Legal Supervisor of PT Garudafood Putra Putri Jaya (2009–2014)
                                                                                    • Compliance Officer & Executive Assistant to President Director PT
                                                                                      Mahakarya Artha Securities (2005–2009) / Compliance Officer &
                                                                                      Executive Assistant to President Director of PT Mahakarya Artha
                                                                                      Securities (2005–2009)
                                                                                    • Legal & Executive Assistant to President Director Menteng Hotel
                                                                                      Group (2003–2005) / Legal & Executive Assistant to President
                                                                                      Director Menteng Hotel Group (2003–2005)
                                                       Hubungan Afiliasi /          Tidak ada hubungan afiliasi dengan anggota Dewan Komisaris,
                                                       Affiliation                  anggota Direksi, Komite dan pemegang saham utama / No affiliation
                                                                                    with members of the Board of Commissioners, other members of the
                                                                                    Board of Directors, Commiiittees, and majority shareholders
                                                       Jumlah Kepemilikan Saham     Tidak memiliki saham SMBR / No ownership of SMBR shares
                                                       SMBR / Total Ownership of
                                                       SMBR Shares




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                    Management Discussion and Analysis           Good Corporate Governance                Corporate Social and Environmental Responsibility




                                                    Warga Negara / Nationality            Indonesia / Indonesian
                                                    Domisili / Domicile                   Jawa Tengah / Central Java
                                                    Usia / Age                            38 tahun per 31 Desember 2023 / 38 years old as of December 31,
                                                                                          2023
                                                    Tempat, Tanggal Lahir /               Magelang, 20 April 1985 / Magelang, April 20, 1985
                                                    Place, Date of Birth
                                                    Riwayat Pendidikan /                  S1 Administrasi Negara dari Universitas Negeri Sebelas Maret (2007)
                                                    Educational Background                / Bachelor’s degree in State Administration of Universitas Negeri
                                                                                          Sebelas Maret (2007)
                                                    Riwayat Penunjukan /                  Menjabat sebagai Anggota Komite Manajemen Risiko berdasarkan
                                                    Background of Appointment             Keputusan Dewan Komisaris Perusahaan Perseroan nomor : SK-02/
                                                                                          DK-SB/I/2021, tanggal 01 Februari 2021 / Appointed as Member of
                                                                                          the Risk Management Committee based on Decision Letter of the
                                                                                          Company’s Board of Commissioners No. SK-02/DK-SB/I/2021 dated
Fahmi Anhar Nurdiyanto                                                                    February 01, 2021
Anggota Komite Manajemen Risiko                     Rangkap Jabatan /                     Tidak ada / None
                                                    Concurrent Position
Member of the Risk Management
                                                    Pengalaman Kerja / Work               • Tenaga Teknis Tim Serap Aspirasi UU Cipta Kerja Kementerian
Committee                                           Experience                              Koordinator Bidang Perekonomian (2020-2021) / Technical Staff
                                                                                            in the Aspiration Captivation Team for Job Creation Law of the
                                                                                            Coordinating Ministry of Economics (2020-2021)
                                                                                          • Accounting Bourbon Docking & Sourcing DMCEST Dubai UAE
                                                                                            (2017-2020) / Accounting Bourbon Docking & Sourcing DMCEST
                                                                                            Dubai UAE (2017-2020)
                                                                                          • International Contributor PT Media Televisi Tbk (Metro TV) (2018-
                                                                                            2020) / International Contributor PT Media Televisi Tbk (Metro TV)
                                                                                            (2018-2020)
                                                                                          • Area Customer Experience Specialist PT Bank Tabungan
                                                                                            Pensiunan Nasional Tbk (2013-2017) / Area Customer Experience
                                                                                            Specialist PT Bank Tabungan Pensiunan Nasional Tbk (2013-2017)
                                                                                          • Operations Officer PT Bank Tabungan Pensiunan Nasional Tbk
                                                                                            (2008-2013) / Operations Officer PT Bank Tabungan Pensiunan
                                                                                            Nasional Tbk (2008-2013)
                                                                                          • News Anchor PT Televisi Terang Abadi Surakarta (2007-2008) /
                                                                                            News Anchor PT Televisi Terang Abadi Surakarta (2007-2008)
                                                                                          • Announcer PT Radio PTPN Rasitania (2004-2007) / Announcer PT
                                                                                            Radio PTPN Rasitania (2004-2007)
                                                    Hubungan Afiliasi /                   Tidak ada hubungan afiliasi dengan anggota Dewan Komisaris,
                                                    Affiliation                           anggota Direksi, Komite dan pemegang saham utama / No affiliation
                                                                                          with members of the Board of Commissioners, other members of
                                                                                          the Board of Directors, Commiiittees, and majority shareholders
                                                    Jumlah Kepemilikan Saham              Tidak memiliki saham SMBR / No ownership of SMBR shares
                                                    SMBR / Total Ownership of
                                                    SMBR Shares




PIAGAM KOMITE MANAJEMEN RISIKO                                                       CHARTER OF THE COMMITTEE RISK MANAGEMENT
Pelaksanaan tugas dan tanggung jawab Komite Manajemen                                The Risk Management Committee carries out its duties
Risiko berpedoman pada Piagam Komite Manajemen Risiko                                and responsibilities according to the Charter of the Risk
yang telah disetujui dan disahkan oleh Dewan Komisaris di                            Management Committee, which was approved and ratified by
tahun 2017.                                                                          the Board of Commissioners in 2017.


TUGAS DAN TANGGUNG JAWAB KOMITE MANAJEMEN                                            DUTIES AND RESPONSIBILITIES OF THE COMMITTEE RISK
RISIKO                                                                               MANAGEMENT
Sesuai yang tercantum pada Piagam Manajemen Risiko, yang                             The Risk Management Committee is responsible for
disahkan Dewan Komisaris Tahun 2017, Komite Manajemen                                carrying out their duties and responsibilities according to
Risiko Perseroan memiliki tugas dan tanggung jawab sebagai                           the provisions in the Risk Management Charter, which was
berikut:                                                                             approved by the Board of Commissioners in 2017:




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Page 514
                               Ikhtisar Kinerja             Laporan Manajemen          Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                               Performance Highlights       Management Report          Company Profile        Overview on Business Supports




1. Bertanggung jawab menjalankan tugas dengan sebaik-                              1. Properly execute their duties as stated in the Risk
   baiknya berpedoman pada Piagam Komite Manajemen                                     Management Committee Charter.
   Risiko.
2. Menyusun rencana kerja Komite Risiko Tahunan (RKKRT)                            2. Develop an Annual Risk Committee Work Plan, which must
   yang disetujui Dewan Komisaris.                                                     be approved by the Board of Commissioners.
3. Melakukan review atas permohonan persetujuan Direksi                            3. Review requests from the Board of Directors to the Board
   kepada Dewan Komisaris atas rencana corporate action                                of Commissioners for approval of the Company’s action
   antara lain:                                                                        plans, which include:
   a. Rencana Kerja Anggaran Perusahaan (RKAP), Rencana                                a. The Company’s Budget Work Plan (RKAP), Company
      Jangka Panjang Perusahaan (RJPP) dan Rencana                                           Long Term Plan, and Other Work Plans.
      Kerja lainnya.
   b. Investasi, kerjasama investasi, penyertaan modal atau                            b. Investments,          investment               cooperation,    equity
      kegiatan bisnis perusahaan lainnya.                                                    participation, or other Company business activities.
   c. Pembentukan atau pembubaran Anak Perusahaan                                      c. Establishment or dissolution of a subsidiary or joint
      atau Perusahaan Patungan.                                                              venture.
   d. Pengelolaan          aset,      penjaminan        aset    dan      atau          d. Asset management, asset guarantee, and asset
      pelepasan aset.                                                                        disposal.
   e. Hal lain yang membutuhkan saran dan masukan dari                                 e. Other matters that require advice and insight from the
      Dewan Komisaris.                                                                       Board of Commissioners
4. Memantau dan melakukan evaluasi atas rencana dan                                4. Monitor and evaluate the GCG and Risk Management work
   pelaksanaan kerja unit kerja GCG dan Manajemen Risiko.                              units’ work plan and implementation.
5. Memitigasi risiko-risiko utama yang dihadapi perusahaan                         5. Mitigate the primary risks that the Company is exposed
   dan memastikan bahwa manajemen telah mengambil                                      to and ensure that management has taken the necessary
   langkah-langkah yang diperlukan untuk mengelola risiko                              measures to manage these risks.
   tersebut.
6. Melakukan evaluasi kebijakan dan strategi manajemen                             6. Evaluate the Company’s risk management policies and
   risiko perusahaan.                                                                  strategies.
7. Secara berkala melaporkan hasil pemantauan dan                                  7. Provide periodic reports on monitoring and evaluation
   evaluasi serta memberikan rekomendasi hal-hal yang                                  results and recommendations on matters requiring the
   perlu mendapat perhatian Dewan Komisaris.                                           Board of Commissioners’ attention.


INDEPENDENSI ANGGOTA KOMITE MANAJEMEN RISIKO                                       Independency of Committee Members Risk Management
Keanggotaan Komite Manajemen Risiko bersifat Independen.                           The membership of the Risk Management Committee is of an
Adapun seluruh anggota tidak memiliki hubungan afiliasi                            independent nature. All members are not affiliated with the
dengan Manajemen Perseroan termasuk menjabat salah satu                            management of the Company, including holding positions
jabatan dalam struktur organisasi Perseroan maupun Anak                            within the Company or its subsidiaries.
Perusahaan.
                                                                                                 Anggota Komite Manajemen Resiko /
                                                                                                Members Of Risk Management Committee
        Kriteria Independensi / Independency Criteria                                                      Fransisca  Fahmi
                                                                                  Hadi   Inosentius                            Chowadja                  Oke
                                                                                                             Niken    Anhar
                                                                                Daryanto   Samsul                               Sanova                  Nurwan
                                                                                                            Handini Nurdiyanto
Tidak mempunyai hubungan afiliasi dengan perusahaan, anggota
dewan komisaris, anggota direksi atau pemegang saham utama
perusahaan. / Not affiliated with the Company, members of the
Board of Commissioners, or members of the Board of Directors
or major shareholders of the Company.




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                       Analisis dan Pembahasan Manajemen     Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis    Good Corporate Governance                Corporate Social and Environmental Responsibility




                                                                                                 Anggota Komite Manajemen Resiko /
                                                                                                Members Of Risk Management Committee
         Kriteria Independensi / Independency Criteria                                                   Fransisca  Fahmi
                                                                            Hadi   Inosentius                                Chowadja                      Oke
                                                                                                           Niken    Anhar
                                                                          Daryanto   Samsul                                   Sanova                      Nurwan
                                                                                                          Handini Nurdiyanto
Tidak mempunyai hubungan keluarga sedarah sampai derajat
ke 3 baik menurut garis lurus maupun garis ke samping ataupun
hubungan timbul karena perkawinan dengan anggota dewan
komisaris lainnya atau dengan direksi / No family relations up to
the third-degree line either vertically or horizontally or relations
arising from marriage with another member of the Board of
Commissioners or with the Board of Directors.
Tidak mempunyai hubungan usaha baik langsung maupun tidak
langsung yang berkaitan dengan kegiatan usaha perusahaan.
/ No business relations, either directly or indirectly, which are
related to the Company’s business activities.
Bukan merupakan orang yang bekerja atau mempunyai
wewenang dan tanggung jawab untuk merencanakan, memimpin,
mengendalikan atau mengawasi perusahaan ini dalam waktu 6
(enam) bulan sebelum mengambil posisi tersebut. / Not working
or having the authority and responsibility to plan, lead, control or
supervise the Company within 6 (six) months prior to assuming
such position.



PELAKSANAAN RAPAT KOMITE MANAJEMEN RISIKO                                        IMPLEMENTATION OF RISK MANAGEMENT COMMITTEE
                                                                                 MEETINGS
Penyelenggaraan rapat Komite Manajemen Risiko telah                              The conduct of Risk Management meetings is stipulated in
tertuang dalam Piagam Komite Manajemen Risiko, di mana                           the Risk Management Committee Charter, which requires
rapat tersebut diselenggarakan secara sedikitnya 1 (satu)                        meetings to be held at least once every three months.
kali dalam 3 (tiga) bulan. Kendati demikian, rapat dapat juga                    However, meetings may also be convened upon the request
dilaksanakan sesuai permintaan Dewan Komisaris.                                  of the Board of Commissioners.


Di tahun 2023, Komite Manajemen Risiko telah melakukan                           In 2023, the Risk Management Committee held 15 (fifteen)
rapat sebanyak 15 (lima belas) kali dengan agenda dan                            meetings, with the agenda and frequency of attendance as
frekuensi kehadiran sebagai berikut:                                             follows:
Daftar Rapat Komite Manajemen Risiko                                             List of Risk Management Committee Meetings
                                          Tempat/Media /
  No.        Tanggal / Date                                                                     Agenda Rapat / Meeting Agenda
                                           Venue/Media
           13 Januari 2023 /                                 Reviu Kinerja Perusahaan Desember 2022 dan s.d Desember 2022 / Company
   1.                                  Via Microsoft Teams
           January 13, 2023                                  Performance Review in December 2022 and until December 2022
           8 Februari 2023 /                                 Kinerja Perusahaan Januari 2023 dan s.d Januari 2023 / Company Performance in
  2.                                             Hybrid
           February 8, 2023                                  January 2023 and up to January 2023
             7 Maret 2023 /                                  Kinerja Perusahaan Bulan Februari 2023 dan s.d Februari 2023 / Company
  3.                                             Hybrid
             March 7, 2023                                   Performance in February 2023 and up to February 2023
                                                             Koordinasi internal Triwulan I Komite Manajemen Risiko dengan Departemen
             8 Maret 2023 /
  4.                                   Via Microsoft Teams   Manajemen Risiko SMBR / Quarter I Internal Coordination of the Risk Management
             March 8, 2023
                                                             Committee with the SMBR Risk Management Department
             6 April 2023 /                                  Kinerja Perusahaan bulan Maret dan s.d Maret 2023 / Company performance in
  5.                                   Via Microsoft Teams
             April 6, 2023                                   March and up to March 2023
              9 Mei 2023 /                                   Kinerja Perusahaan bulan April 2023 dan s.d April 2023 / Company performance in
  6.                                   Via Microsoft Teams
              May 9, 2023                                    April 2023 and up to April 2023
              9 Juni 2023 /                                  Kinerja Perusahaan bulan Mei 2023 dan s.d Mei 2023 / Company performance in
   7.                                  Via Microsoft Teams
              June 9, 2023                                   May 2023 and up to May 2023
              7 Juli 2023 /                                  Kinerja Perusahaan bulan Juni 2023 dan s.d Juni 2023 / Company performance in
  8.                                   Via Microsoft Teams
              July 7, 2023                                   June 2023 and up to June 2023
                                                             Koordinasi internal Triwulan II Komite Manajemen Risiko dengan Departemen
             27 Juli 2023 /
  9.                                   Via Microsoft Teams   Manajemen Risiko SMBR / Quarter II Internal Coordination of the Risk Management
             July 27, 2023
                                                             Committee with the SMBR Risk Management Department


                                                                                                           2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                 Ikhtisar Kinerja                 Laporan Manajemen           Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                                 Performance Highlights           Management Report           Company Profile         Overview on Business Supports




                                              Tempat/Media /
  No.         Tanggal / Date                                                                            Agenda Rapat / Meeting Agenda
                                               Venue/Media
             10 Agustus 2023 /                                           Kinerja Perusahaan bulan Juli 2023 dan s.d Juli 2023 / Company performance in
  10.                                      Via Microsoft Teams
              August 10, 2023                                            July 2023 and up to July 2023
            7 September 2023 /                                           Kinerja Perusahaan bulan Agustus 2023 dan s.d Agustus 2023 / Company
  11.                                      Via Microsoft Teams
            September 7, 2023                                            performance in August 2023 and up to August 2023
             6 Oktober 2023 /                                            Kinerja Perusahaan bulan September 2023 dan s.d September 2023 / Company
  12.                                                Hybrid
             October 6, 2023                                             performance in September 2023 and up to September 2023
                                                                         Rapat koordinasi internal Triwulan III Komite Manajemen Risiko dengan
             11 Oktober 2023 /
  13.                                      Via Microsoft Teams           Departemen Manajemen Risiko SMBR / Quarter III internal coordination meeting
             October 11, 2023
                                                                         of the Risk Management Committee with the SMBR Risk Management Department
            27 November 2023 /                                           Kinerja Perusahaan bulan Oktober dan s.d Oktober 2023 / Company performance
  14.                                      Via Microsoft Teams
            November 27, 2023                                            in October and up to October 2023
            5 Desember 2023 /                                            Kinerja Perusahaan bulan November 2023 dan s.d November 2023 / Company
  15.                                      Via Microsoft Teams
            December 5, 2023                                             performance in November 2023 and up to November 2023



Frekuensi dan Tingkat Kehadiran                                                           Frequency and Attendance Level
                                            Jumlah Wajib Rapat /                             Jumlah Kehadiran /                             Tingkat Kehadiran /
          Nama / Name
                                          Total Mandatory Meetings                            Total Attendance                               Attendance Level
Hadi Daryanto                                              14                                            14                                                100%
Inosentius Samsul                                           1                                             1                                                100%
Fransisca Niken Handini                                     15                                           15                                                100%
Fahmi Anhar Nurdiyanto                                      15                                           15                                                100%
Chowadja Sanova                                             1                                             1                                                100%
Oke Nurwan                                                  1                                             1                                                100%



PENDIDIKAN & PELATIHAN TAHUN BUKU                                                         EDUCATION AND TRAINING IN FISCAL YEAR
Sebagai upaya peningkatan kompetensi Komite Manajemen                                     To enhance the competency of the Risk Management
Risiko,     Perusahaan        memfasilitasi                berbagai      program          Committee, the Company provides diverse developmental
pengembangan          kompetensi            yang          disesuaikan      dengan         programs that are customized to align with the Company’s
perkembangan            bisnis         Perusahaan.               Pengembangan             business objectives. These programs can include training,
kompetensi dapat berupa pelatihan, seminar, atau workshop.                                seminars, or workshops.


Rincian     realisasi     pengembangan                    kompetensi       Komite         The annual report’s “Company Profile” chapter details the
Manajemen Risiko disampaikan pada bab “Profil Perusahaan”                                 implementation of the Risk Management Committee’s
yang terdapat dalam laporan tahunan ini.                                                  competency development initiatives.


KEBIJAKAN REMUNERASI KOMITE MANAJEMEN RISIKO                                              POLICY OF RISK MANAGEMENT COMMITTEE REMUNERATION
Dasar kebijakan remunerasi Komite Manajemen Risiko                                        The Board of Commissioners’ Decree, which outlines
terdapat pada Surat Keputusan Dewan Komisaris tentang                                     the appointment and termination of each committee
Pemberhentian dan Pengangkatan masing-masing Anggota                                      member, serves as the foundation for the Risk Management
Komite.                                                                                   Committee’s remuneration policy.
                                                                                                     Tunjangan Hari                                         Total Remunerasi
                                                                                                                            Tunjangan Per
          Nama dan Jabatan /                   Periode Jabatan /           Gaji Per Bulan /          Raya / Religious                                          2023 / Total
                                                                                                                           Bulan / Allowance
           Name and Position                     Term of Office           Salary per Month              Holiday                                               Remuneration
                                                                                                                               per Month
                                                                                                       Allowance                                                   2023
                                                 1 Januari -31 Des
Fransisca Niken Handini                           2023 / January
                                                                                      34.200.000              32.300.000                               0          429.400.000
Anggota / Member                                 1 - December 31,
                                                       2023
                                                   1 Jan -31 Des
Fahmi Anhar Nurdiyanto                            2023 / January
                                                                                      24.700.000              22.800.000                               0          305.900.000
Anggota / Member                                 1 - December 31,
                                                       2023


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                       Management Discussion and Analysis   Good Corporate Governance                      Corporate Social and Environmental Responsibility




LAPORAN PELAKSANAAN KEGIATAN DI TAHUN 2023                                      ACTIVITY IMPLEMENTATION REPORT IN 2023
Di tahun 2023, Komite Manajemen Risiko telah melaksanakan                       In 2023, the Risk Management Committee carried out its
fungsinya sesuai dengan lingkup tugas dan tanggung                              functions under the scope of its duties and responsibilities,
jawabnya, sebagai berikut:                                                      as follows:
a. Menyusun Rencana Kerja Komite Risiko Tahunan                                 a. Preparing an Annual Risk Committee Work Plan (RKKRT)
   (RKKRT) di setiap awal periode yang disetujui oleh Dewan                           at the beginning of each period, approved by the Board
   Komisaris menjadi bagian rencana kerja Dewan Komisaris                             of Commissioners to become part of the Board of
   Tahun 2023, yang telah dilaksanakan pada 11 Januari 2023                           Commissioners' 2023 work plan, which was implemented
                                                                                      on January 11, 2023;
b. Melakukan reviu atas permohonan persetujuan Direksi                          b. Reviewing approval requests from the Board of Directors
   kepada Dewan Komisaris atas Rencana aksi korporasi,                                to the Board of Commissioners for corporate action plans,
   antara lain:                                                                       including:
   1) Rencana Kerja Anggaran Perusahaan (RKAP) Tahun                                  1) Company Budget Work Plan (RKAP) for 2023, through
       2023, melalui rapat pembahasan bersama dengan                                           joint discussion meetings with BOD-1 and the Audit
       BOD-1 dan Komite Audit                                                                  Committee,
   2) Pembahasan permohonan Persetujuan Refinancing                                   2) Discussion of the application for Syndication Facility
       Fasilitas Sindikasi bersama Komite Audit dan                                            Refinancing Approval with the Audit Committee and
       Sekretaris Dewan Komisaris pada tanggal 14 Maret                                        Secretary of the Board of Commissioners on March
       2023,                                                                                   14, 2023,
   3) Investasi, kerjasama investasi, penyertaan modal dan/                           3) Investment,                  investment                cooperation,    capital
       atau kegiatan bisnis perusahaan lainnya; dan                                            participation          and/or          other         company    business
                                                                                               activities; and
   4) Hal lain yang membutuhkan saran dan masukan dari                                4) Other matters requiring advice and input from the
       Dewan Komisaris.                                                                        Board of Commissioners.
c. Memantau dan melakukan evaluasi atas rencana dan                             c. Monitoring and evaluating work plans and implementation,
   pelaksanaan kerja terutama bidang manajemen risiko,                                specifically in the risk management areas, Good Corporate
   Good Corporate Governance (GCG), dan pemasaran melalui                             Governance (GCG), and marketing through joint meetings
   rapat bersama dengan BOD-1 dan stakeholder terkait yang                            with BOD-1 and related stakeholders held on the date as
   dilaksanakan pada tanggal sebagaimana pelaksanaan                                  per the List of Committee Meetings mentioned above;
   Daftar Rapat Komite tersebut diatas.
d. Analisis mitigasi risiko-risiko utama perusahaan dalam                       d. Analyzing the mitigation of the Company's main risks in
   Laporan Profil Risiko Korporat setiap bulannya bersama                             the Corporate Risk Profile Report each month with the
   Departemen Manajemen Risiko dan Risk Owner masing-                                 Risk Management Department and Risk Owner of each
   masing departemen guna memastikan langkah-langkah                                  department to ensure the consistency of these risk
   untuk mengelola risiko tersebut sejalan dengan kebijakan                           management steps with BOD-BOC policies;
   BOD-BOC;
e. Melakukan evaluasi kebijakan dan strategi manajemen                          e. Evaluating the Company's risk management policies and
   risiko Perseroan;                                                                  strategies;
f. Secara berkala melaporkan hasil pemantauan dan evaluasi                      f. Periodically reporting the monitoring and evaluation
   serta memberikan rekomendasi atas hal-hal yang perlu                               results and providing recommendations on matters
   mendapatkan perhatian Dewan Komisaris dalam rapat                                  requiring the Board of Commissioners' attention in the
   internal Dewan Komisaris.                                                          Board of Commissioners internal meetings;
g. Analisis dan evaluasi Laporan Manajemen Triwulanan                           g. Analyzing and evaluating the 2023 Quarterly Management
   Tahun 2023 PT Semen Baturaja Tbk;                                                  Report of PT Semen Baturaja Tbk;
h. Kunjungan kerja ke lokasi pabrik semen PT Semen                              h. Conducting work visits to the cement factory location of
   Baturaja Tbk pada:                                                                 PT Semen Baturaja Tbk on:




                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                 Performance Highlights        Management Report        Company Profile           Overview on Business Supports




     -   6 - 8 Maret 2023 di site Baturaja dan Palembang;                               -     March 6-8, 2023, at Baturaja and Palembang sites;
     -   28 Agustus s/d 2 September 2023 di site Lampung,                               -     August 28 to September 2, 2023, at Lampung,
         Palembang, Baturaja                                                                  Palembang, Baturaja sites;
     -   13 – 15 November 2023 di site Baturaja                                         - November 13-15, 2023, at the Baturaja site.
i.   Monitoring dan koordinasi pelaksanaan & pelaporan                             i.   Monitoring and coordinating the implementation and
     Whistleblowing System/WBS serta anti penyuapan setiap                              reporting of the Whistleblowing System/WBS and anti-
     bulannya bersama Unit Kerja GCG di bawah Corporate                                 bribery each month with the GCG Work Unit under the
     Secretary.                                                                         Corporate Secretary.



Organ Pendukung Direksi
Board of Directors Supporting Organs

SEKRETARIS PERUSAHAAN                                                              CORPORATE SECRETARY
Pengangkatan           Sekretaris       Perusahaan        mengacu           pada   The Corporate Secretary appointment refers to the following
peraturan perundang-undangan yakni sebagai berikut, di                             statutory regulations:
antaranya:
1. Undang-Undang Republik Indonesia No. 19 Tahun 2003                              1. Article 20 of the Law of the Republic of Indonesia No.
     tentang Badan Usaha Milik Negara Pasal 20.                                         19/2003 on State-Owned Enterprises.
2. Peraturan Menteri Negara Badan Usaha Milik Negara No.                           2. Regulation of the Ministry of State-Owned Enterprises
     PER-2/MBU/03/2023 Tahun 2023 tentang Pedoman Tata                                  No. PER-2/MBU/03/2023 of 2024 on Guidelines for
     Kelola dan Kegiatan Korporasi Signifikan Badan Usaha                               Governance and Significant Corporate Activities of State-
     Milik Negara.                                                                      Owned Enterprises.
3. Peraturan Otoritas Jasa Keuangan No. 35/POJK.04/2014                            3. Financial             Services     Authority          Regulation   No.   35/
     tentang Sekretaris Perusahaan Emiten atau Perusahaan                               POJK.04/2014 on Corporate Secretary of Issuers or Public
     Publik.                                                                            Companies.


Tugas dan tanggung jawab Sekretaris Perusahaan mengacu                             The Financial Services Authority Regulation (POJK) No. 35/
pada Peraturan Otoritas Jasa Keuangan (POJK) No. 35/                               POJK.04/2014 outlines the duties and responsibilities of the
POJK.04/2014, yang memuat bahwa Sekretaris Perusahaan                              Corporate Secretary, who is responsible for staying up-to-
bertugas mengikuti perkembangan pasar modal khususnya                              date with developments in the capital market and ensuring
peraturan perundang-undangan yang berlaku di bidang pasar                          compliance with relevant laws and regulations. In addition, the
modal; memberikan masukan kepada Direksi dan Dewan                                 Corporate Secretary is responsible for assisting the Board of
Komisaris emiten atau perusahaan publik untuk mematuhi                             Directors and Board of Commissioners in the implementation
ketentuan peraturan perundang-undangan di bidang pasar                             of corporate governance, which includes:
modal; membantu Direksi dan Dewan Komisaris dalam
pelaksanaan tata kelola perusahaan yang meliputi:


1. Keterbukaan informasi kepada masyarakat, termasuk                               1. Disclose information to the public and making it available
     ketersediaan informasi pada situs web emiten atau                                  on the issuer or public company’s website.
     perusahaan publik.
2. Penyampaian laporan kepada Otoritas Jasa Keuangan                               2. Submit reports to the Financial Services Authority in a
     tepat waktu.                                                                       timely manner.
3. Penyelenggaraan             dan      dokumentasi           Rapat      Umum      3. Organize and document the General Meeting of
     Pemegang Saham.                                                                    Shareholders.
4. Penyelenggaraan dan dokumentasi rapat Direksi dan/                              4. Organize and document meetings of the Board of
     atau Dewan Komisaris.                                                              Directors and/or the Board of Commissioners.
5. Pelaksanaan program orientasi terhadap perusahaan                               5. Implement company orientation programs for the Board
     bagi Direksi dan/atau Dewan Komisaris.                                             of Directors and/or the Board of Commissioners.


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                                 Management Discussion and Analysis               Good Corporate Governance                       Corporate Social and Environmental Responsibility




6. Sebagai penghubung antara emiten atau perusahaan                                                    6. Act as a liaison between the issuer or public company and
    publik dengan pemegang saham emiten atau perusahaan                                                     its shareholders, the Financial Services Authority, and
    publik,         Otoritas         Jasa        Keuangan,            dan        pemangku                   other stakeholders.
    kepentingan lainnya.


STRUKTUR ORGANISASI SEKRETARIS PERUSAHAAN                                                              CORPORATE SECRETARY ORGANIZATIONAL STRUCTURE
Sekretaris Perusahaan melaksanakan fungsi komunikasi                                                   The Corporate Secretary is responsible for fulfilling the
dan bertanggung jawab langsung kepada Direktur Utama.                                                  communication function and reports directly to the President
Sekretaris Perusahaan dibantu oleh Unit of Legal &                                                     Director with the support of Unit of Legal & Compliance,
Compliance, Unit of Secretarial & Stakeholder Management,                                              Unit of Secretarial & Stakeholder Management, and Unit of
dan Unit of Corporate Social Responsibility.                                                           Corporate Social Responsibility.


Sekretaris Perusahaan memiliki tanggung jawab dalam                                                    The Corporate Secretary is responsible for providing periodic
memberikan informasi kepada Direksi dan Dewan Komisaris                                                updates and any requested information to the Board of
secara berkala dan/atau sewaktu-waktu apabila diminta,                                                 Directors and Board of Commissioners, as well as providing
serta pelayanan pemberian informasi yang dibutuhkan                                                    data and performance information within the limits set out by
mengenai data atau performa Perusahaan dalam batas-batas                                               the Company’s information protocol. Additionally, they must
yang ditetapkan dalam protokol informasi yang ditetapkan                                               ensure that other reports required by law and regulations are
Perusahaan dan penyampaian laporan-laporan lainnya                                                     submitted to stakeholders in a timely manner.
kepada Stakeholders lainnya sesuai peraturan perundang-
undangan disampaikan tepat waktu.


                                                                                                   Direktur Utama
                                                                                                  President Director



                                                                                               Department of Coporate
                                                                                                     Secretary




                                                                                                 Unit of Scretarial &
               Unit of Legal & Compliance                                                                                                                                              Unit of CSR
                                                                                              Stakeholder Management




                                              Section of
                                                                                           Section of            Section of               Section of                    Section of
  Legal Marketing      Section of             Contract,               Investor                                                                                                                   Section of CSR
                                                                                         Secretarial and       Public, Govern &          GCG & System                  CSR Control &
  & Procurement       Compliance            Permit & Legal            Relation                                                                                                                    Operational
                                                                                            Protocol            Media Relation           Management                      Financial
                                            Administration



                                               Contract,
                                                                                            Board               Media Relation                                           CSR PLAN &                   COMMUNITY
                       Compliance            Permit & Legal                                                                                    GCG
                                                                                         Administration           & Digital                                               CONTROL                    DEVELOPMENT
                                             Administration


                                                                                                                     Public &
                                                                                                                                                                            CSR                      PARTNERSHIP
                                                                                            Protocol                 Govern                ISO & SMSB
                                                                                                                                                                         FINANCIAL                     PROGRAM
                                                                                                                     Relation




Dalam       pelaksanaan              fungsi         dan       tugasnya,          Sekretaris            In performing its functions and duties, the Corporate
Perusahaan terbagi dalam 3 Unit, yaitu:                                                                Secretary is divided into 3 units:
1. Unit of Legal & Compliance                                                                          1. Unit of Legal & Compliance
    Bertanggung                jawab         dalam            mengembangkan                dan              Responsible for developing and overseeing the company’s
    mengawasi proses kepatuhan hukum perusahaan untuk                                                       legal compliance process to ensure that the company
    memastikan tidak adanya pelanggaran hukum dalam                                                         achieves its overall targets without violating any laws or
    proses pencapaian target keseluruhan perusahaan.                                                        regulations.




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                             Ikhtisar Kinerja                  Laporan Manajemen      Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                             Performance Highlights            Management Report      Company Profile         Overview on Business Supports




2. Unit of Secretarial & Stakeholder Management                                    2. Unit of Secretarial & Stakeholder Management
   Bertanggung jawab dalam merencanakan, mengorganisir                                Responsible for planning, organizing, and controlling
   dan     mengontrol       keseluruhan               proses     pengelolaan          the entire process of managing the administration of
   administrasi Perusahaan dan Direksi serta pengelolaan                              the company and its directors. It also manages the
   kegiatan     keprotokolan          Direksi         untuk      memastikan           protocol activities of the directors to ensure the smooth
   kelancaran administrasi perusahaan dan kegiatan BOD                                administration of the company and the board of directors’
   dalam menunjang seluruh aktivitas perusahaan.                                      activities in supporting all company activities.
3. Unit of Corporate Social Responsibility                                         3. Unit of Corporate Social Responsibility
   Bertanggung         jawab        dalam             mengatur        strategi,       Responsible for setting the strategy, integrating, and
   mengintegrasikan            serta           mengawasi              kegiatan        overseeing corporate social responsibility activities
   tanggung jawab sosial perusahaan atau Corporate                                    to ensure that the company can contribute to efforts
   Social Responsibility untuk memastikan Perusahaan                                  to improve the community’s well-being, preserve the
   dapat    membantu          dalam         upaya        mensejahterakan              environment, and drive the economy forward in an
   masyarakat, melestarikan lingkungan hidup sekitar serta                            effective and targeted manner.
   menggerakkan roda perekonomian secara tepat guna dan
   tepat sasaran.


PROFIL SEKRETARIS PERUSAHAAN                                                       CORPORATE SECRETARY PROFILE


                                                       Warga Negara / Citizenship    Indonesia / Indonesian
                                                       Domisili / Domicile           Palembang
                                                       Usia / Age                    42 tahun per 31 Desember 2023 / 42 years old as of December 31,
                                                                                     2023
                                                       Tempat, Tanggal Lahir /       Palembang, 18 Mei 1981 / Palembang, May 18, 1981
                                                       Place and Date of Birth
                                                       Riwayat Pendidikan /          • S2 - Manajemen, Universitas Sriwijaya (2021) / Masters in
                                                       Educational Background          Management, Universitas Sriwijaya (2021)
                                                                                     • S1 - Teknik Mesin, Universitas Sriwijaya (2005) / Bachelors in
                                                                                       Mechanical Engineering, Universitas Sriwijaya (2005)
                                                       Riwayat Penunjukan /          Surat Keputusan Direksi PT Semen Baturaja Tbk No.
                                                       Appointment History           PH.01.04/004/2023 tanggal 01 Februari 2023 / PT Semen Baturaja
                                                                                     (Persero) Tbk Board of Directors Decree No. PH.01.04/004/2023
                                                                                     dated February 1, 2023
Basthony Santri
                                                       Pengalaman Kerja /            1. Staf Direktur Umum & SDM Tk Vice President PT Semen Baturaja
Vice President of Corporate Secretary                  Professional Experience          Tbk (2023) / Staff of Director of General Affairs & HR at Vice
                                                                                        President PT Semen Baturaja Tbk (2023)
                                                                                     2. Direktur PT Baturaja Multi Usaha Tk Vice President (2020-2023) /
                                                                                        Director of PT Baturaja Multi Usaha Tk Vice President (2020-2023)
                                                                                     3. Vice President Corporate Secretary PT Semen Baturaja (Persero)
                                                                                        Tbk (2018-2020)
                                                                                     4. Vice President Procurement PT Semen Baturaja (Persero) Tbk
                                                                                        (2018)
                                                                                     5. Kepala Biro Perencanaan & Pengendalian Proyek Pembangunan
                                                                                        Baturaja II dan Manajemen Risiko PT Semen Baturaja (Persero) Tbk
                                                                                        (2015- 2018) / Head of Baturaja II Development Project Planning &
                                                                                        Control Bureau and Risk Management PT Semen Baturaja (Persero)
                                                                                        Tbk (2015-2018)
                                                                                     6. Kepala Bagian Har Mesin Crusher, Raw Mill & Cement Mill PT Semen
                                                                                        Baturaja (Persero) Tbk (2011-2014), / Head of Crusher Machinery,
                                                                                        Raw Mill & Cement Mill Section PT Semen Baturaja (Persero) Tbk
                                                                                        (2011-2014),
                                                                                     7. Asisten Perencanaan Teknik Pabrik Tingkat Kepala Seksi PT Semen
                                                                                        Baturaja (Persero) Tbk (2009-2011) / Assistant Section Head Level
                                                                                        PT Semen Baturaja (Persero) Tbk (2009-2011)
                                                                                     8. Staf Kepala Biro PTP Tingkat Seksi PT Semen Baturaja (Persero)
                                                                                        Tbk (2007-2009) / Staff Head of PTP Bureau Section Level PT
                                                                                        Semen Baturaja (Persero) Tbk (2007 -2009)
                                                       Hubungan Afiliasi /           Tidak ada hubungan afiliasi dengan anggota Dewan Komisaris,
                                                       Affiliation                   anggota Direksi lainnya dan pemegang saham utama / No affiliation
                                                                                     with members of the Board of Commissioners, other members of
                                                                                     the Board of Directors and majority shareholders




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                     Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis         Good Corporate Governance              Corporate Social and Environmental Responsibility




TUGAS DAN TANGGUNG JAWAB                                                            DUTIES AND RESPONSIBILITIES
Sekretaris Perusahaan memiliki tugas dan tanggung jawab                             The Corporate Secretary has the main duties and
utama yang telah ditetapkan oleh Perusahaan, di antaranya:                          responsibilities as set forth by the Company, including the
                                                                                    following:
1. Bertanggung jawab dalam menyetujui, menetapkan dan                               1. Responsible for approving, establishing and directing
   mengarahkan strategi pengelolaan hukum & pengelolaan                                   legal management strategies & legal dispute management
   sengketa hukum agar dapat memastikan kepatuhan                                         in order to ensure compliance with all regulations &
   terhadap semua peraturan & standar serta keputusan                                     standards as well as legal decisions for the interest of the
   legal yang menguntungkan Perusahaan.                                                   Company.
2. Bertanggung jawab dalam menyetujui, menetapkan dan                               2. Responsible for approving, establishing and directing the
   mengarahkan pengelolaan perjanjian & perizinan untuk                                   management of agreements & permits to ensure that the
   memastikan kegiatan operasional Perusahaan dapat                                       Company’s operational activities meet all applicable legal
   memenuhi seluruh aspek legalitas yang berlaku.                                         aspects.
3. Bertanggung jawab dalam menyetujui, menetapkan                                   3. Responsible for approving, determining and directing the
   dan mengarahkan proses pengelolaan kesekretariatan                                     secretarial management process and protocols for the
   dan protokol Direksi demi menunjang mobilitas dan                                      Board of Directors to support the mobility and business
   operasional kerja Direksi.                                                             operations of the Board of Directors.
4. Bertanggung          jawab             dalam             mengarahkan,            4. Responsible for directing, developing and deciding the
   mengembangkan dan memutuskan proses komunikasi                                         communication process with the media, government
   dengan media, pemerintah & industri agar Perusahaan                                    & industry to ensure the Company keeps abreast with
   selalu mengetahui kebijakan pemerintah & perubahan di                                  government policies & changes in the industry and
   industri serta menjaga citra positif Perusahaan di mata                                maintains a positive image of the Company in the eyes of
   Stakeholder.                                                                           stakeholders.
5. Bertanggung        jawab                  dalam          mengarahkan,            5. Responsible for directing, developing and building
   mengembangkan dan membangun hubungan dengan                                            relationships with investors in order to provide positive
   investor agar dapat selalu memberikan publikasi positif                                publications at all times concerning the Company’s
   mengenai kinerja Perusahaan dan menaikkan harga                                        performance and to increase shares price.
   saham.
6. Bertanggung        jawab           dalam               mengembangkan,            6. Responsible for developing, directing and approving
   mengarahkan dan menyetujui strategi serta implementasi                                 the strategy and implementation of corporate social
   kegiatan tanggung jawab sosial perusahaan untuk                                        responsibility program to ensure the Company can assist
   memastikan       perusahaan          dapat        membantu        upaya                in efforts to improve the welfare of the communities,
   menyejahterakan masyarakat, melestarikan lingkungan                                    preserve the surrounding environment as well as to help
   hidup sekitar serta menggerakan roda perekonomian                                      drive the economy effectively and on target.
   rakyat setempat secara tepat guna dan tepat sasaran.
7. Mengembangkan, mengarahkan dan menyetujui strategi                               7. Responsible for developing, directing and approving the
   serta implementasi kegiatan program sponsorship                                        strategy and implementation of the sponsorship program
   terhadap stakeholder perusahaan secara tepat guna dan                                  to stakeholders effectively and on target.
   tepat sasaran.
8. Bertanggung        jawab           dalam               mengembangkan,            8. Responsible for developing, directing and determining
   mengarahkan dan memutuskan pelaksanaan system                                          the implementation of the management system to ensure
   management untuk memastikan cakupan penilaian                                          complete and adequate assessment coverage regarding
   yang lengkap dan memadai mengenai ISO, SMSB dan                                        ISO, SMSB and the Company’s main control.
   pengendalian utama Perusahaan.
9. Bertanggung jawab mengembangkan, mengarahkan                                     9. Responsible for developing, directing and deciding
   dan memutuskan proses pengelolaan & penilaian tata                                     on corporate governance management & assessment
   kelola perusahaan untuk memastikan cakupan penilaian                                   processes to ensure adequate coverage of GCG
   yang memadai mengenai GCG dan pengendalian kunci                                       assessments and key organizational controls.
   organisasi.


                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                 Ikhtisar Kinerja                Laporan Manajemen        Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                                 Performance Highlights          Management Report        Company Profile     Overview on Business Supports




PENDIDIKAN & PELATIHAN TAHUN BUKU                                                     EDUCATION & TRAINING IN THE FISCAL YEAR
Dalam rangka meningkatkan kompetensi dan memperkaya                                   In order to increase competency and enrich knowledge
pengetahuan mengenai pasar modal dan perkembangan                                     regarding capital market and industrial development, the
industri,     Perusahaan         memfasilitasi             berbagai     program       Company facilitates various competency development
pengembangan           kompetensi           yang          disesuaikan     dengan      programs that are tailored to the development of the
perkembangan            bisnis        Perusahaan.              Pengembangan           Company’s business. Competency development can be in the
kompetensi dapat berupa pelatihan, seminar, atau workshop.                            form of training, seminars, or workshops.


Rincian realisasi pengembangan kompetensi Sekretaris                                  Details of the realization of the competency development
Perusahaan disampaikan pada bab “Profil Perusahaan” yang                              of the Corporate Secretary are presented in the “Company
terdapat dalam laporan tahunan ini. Kebijakan pengembangan                            Profile” chapter contained in this annual report. The
kompetensi bagi Sekretaris Perusahaan mengacu pada SOP                                competency development policy for the Corporate Secretary
Pengelolaan SDM Perusahaan.                                                           refers to the SOP for the Management of the Company.


Sementara, program pengembangan kompetensi yang                                       The competency development programs attended by each
diikuti oleh masing-masing Departemen dalam lingkup organ                             Department within the scope of the Corporate Secretary
Sekretaris Perusahaan di tahun 2023, adalah sebagai berikut:                          organ in 2023 are as follows:
  No.       Pendidikan dan Pelatihan / Education and Training                   Penyelenggara / Organizer                        Tanggal / Date
                                                                                                              SMBR Kanpus Palembang, 14 Maret 2023
   1.                 Inhouse Training Awareness SNI                                     SMBR                 / SMBR Head Office Palembang, March 14
                                                                                                                               2023
        Pelatihan Tata Kelola (Governance), Risiko (Risk) dan                                                  SMBR Kanpus Palembang, 24 Juli 2023
   2.    Kepatuhan (Compliance) oleh BPKP / Governance,                                  BPKP                  /SMBR Head Office Palembang, July 24,
                        Risk and Compliance                                                                                    2023
              E-Learning Bimtek Peningkatan Pemahaman
                                                                                                                E-Learning, 31 Juli – 02 Agustus 2023 /
   3.            Gratifikasi / E-Learning on Increasing                                ACLC KPK
                                                                                                                 E-Learning, July 31 – August 2, 2023
                       Understanding of Gratuity
              Spokesperson Masterclass “Becoming A Bold                        Kementerian BUMN / Ministry    Hotel Shangrila Jakarta, 18 Oktober 2023 /
   4.
                      Spokerperson in Society”                                           of SOE               Shangrila Hotel Jakarta, October 18, 2023


LAPORAN PELAKSANAAN KEGIATAN DI TAHUN 2023                                            DUTY IMPLEMENTATION REPORT IN 2023
Di tahun 2023, tugas-tugas yang telah dilaksanakan oleh                               In 2023, the duties carried out by the Corporate Secretary
Sekretaris Perusahaan antara lain:                                                    include:
1. Memfasilitasi pelaksanaan konsultasi dan bantuan hukum                             1. Facilitate the implementation of consultations and
   kepada seluruh Unit kerja sesuai dengan permintaan                                     legal assistance to all work units in accordance with
   konsultasi.                                                                            consultation requests.
2. Mengkoordinir pengelolaan pengurusan perjanjian &                                  2. Coordinate the management of agreements & permits
   perizinan terkait operasional Perusahaan sebanyak                                      related to the Company's operations totaling 36 Licensing
   36 Pengurusan Perizinan dan Pembuatan 241 Kontrak/                                     and Making 241 Contracts/Agreements.
   Perjanjian.
3. Menyelenggarakan Rapat termasuk Rapat Direksi dan                                  3. Organize meetings including 15 Board of Directors and
   Dewan Komisaris sebanyak 15 kali, Rapat Internal Direksi                               Board of Commissioners meetings, 12 Internal Board
   sebanyak 12 kali, Rapat Direksi dan Staf sebanyak 34 kali,                             of Directors meetings, 34 Board of Directors and Staff
   Rapat Umum Pemegang Saham sebanyak 3 kali RUPSLB                                       meetings, 3 General Meeting of Shareholders (EGMS on
   24 Januari 2023, RUPST Tahun Buku 2022 8 Mei 2023,                                     January 24, 2023, 2022 AGMS on May 8, 2023, and EGMS
   RUPSLB 8 November 2023), Public Expose sebanyak 1                                      on November 8, 2023), 1 Public Expose (October 24, 2023),
   kali (24 Oktober 2023), dan Rapat Tinjauan Manajemen                                   and 1 Management Review Meeting (August 30, 2023).
   sebanyak 1 kali (30 Agustus 2023).




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                      Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis          Good Corporate Governance             Corporate Social and Environmental Responsibility




4. Mengkoordinir implementasi GCG dan Sistem Manajemen                                4. Coordinate the implementation of GCG and the SMBR
   SMBR dengan melaksanakan Sosialisasi GCG dan                                             Management System by carrying out GCG Socialization
   Pemantauan Uji Kelayakan secara berkala setiap Triwulan,                                 and Due Test Monitoring periodically every quarter,
   melaksanakan Asesmen GCG Tahun 2022, melaksanakan                                        carrying out the 2022 GCG Assessment, carrying out and
   dan melakukan pendampingan Audit re-sertifikasi SNI/                                     assisting the SNI/ISO 37001:2016 recertification Audit by
   ISO 37001:2016 oleh PT BSI Group Indonesia, Audit SPPT                                   PT BSI Group Indonesia, SNI SPPT Audit Expanding the
   SNI Perluasan Ruang Lingkup Semen Merdeka oleh BSPJI,                                    Scope of Semen Merdeka by BSPJI, 1st surveillance audit
   Audit surveilance ke-1 SPPT SNI OPC (Tipe 1,2 & 5) serta                                 of SPPT SNI OPC (Type 1,2 & 5) and 2nd surveillance of SNI
   surveillance ke-2 SNI PCC oleh BSPJI, Audit surveillance                                 PCC by BSPJI, 1st surveillance audit of SNI/ISO 9001:2015
   ke-1 SNI/ISO 9001:2015 oleh BSPJI, re-sertifikasi SMK3                                   by BSPJI, re-certification of SMK3 by Sucofindo, Audit
   oleh Sucofindo, Audit surveilance ke-1 SNI/ISO 14001:2015                                1st surveillance SNI/ISO 14001:2015 by Sucofindo, 1st
   oleh Sucofindo, Audit surveilance ke-1 SNI/ISO 17025:2017                                surveillance audit SNI/ISO 17025:2017 by KAN, Setup
   oleh KAN, Setup & Audit Stage 1 SNI/ISO 50001:2018                                       & Audit Stage 1 SNI/ISO 50001:2018 Sucofindo and
   Sucofindo serta Audit sertifikasi Green Label Indonesia.                                 Indonesian Green Label certification audit.
5. Menerbitkan Laporan Tahunan dan Laporan Keberlanjutan                              5. Publish the Annual Report and Sustainability Report for the
   Tahun Buku 2022 serta memenuhi kewajiban penyampaian                                     2022 Financial Year and fulfilling the obligation to submit
   laporan keterbukaan informasi ke Bursa Efek Indonesia &                                  74 information disclosure reports to the Indonesian Stock
   Otoritas Jasa Keuangan sebanyak 74 laporan.                                              Exchange & Financial Services Authority.
6. Menerbitkan Materi Publikasi Perusahaan (Iklan, Berita,                            6. Publish company publication materials (advertising,
   dll) serta melakukan update dan monitoring Website,                                      news, etc.) as well as updating and monitoring websites,
   media sosial dan portal BUMN.                                                            social media and SOE portals.
7. Melakukan penyaluran Dana CSR pengelolaan Dana                                     7. Distribute CSR funds, manage Partnership Funds and
   Kemitraan dan pembinaan kepada UMK Binaan serta                                          provide guidance to assisted MSEs as well as targeted
   program Tanggung Jawab Sosial dan Lingkungan yang                                        Social and Environmental Responsibility programs,
   tepat sasaran, termasuk melakukan monitoring terhadap                                    including monitoring the level of collectibility and
   tingkat kolektibilitas dan efektivitas setiap program TJSL                               effectiveness of each TJSL program and publishing TJSL
   serta menerbitkan Laporan Pelaksanaan Program TJSL                                       Program Implementation Reports in accordance with
   sesuai dengan SAK ETAP dan aturan lainnya yang berlaku.                                  SAK ETAP and other applicable regulations.
8. Mengelola administrasi kesekretariatan Perusahaan,                                 8. Manage the Company's secretarial administration,
   termasuk mengarahkan administrasi kesekretariatan                                        including    directing            the        Company's          secretarial
   Perusahaan untuk memastikan ketersediaan dokumen                                         administration to ensure the availability of complete
   secara   lengkap       serta       melakukan            penyempurnaan                    documents and improve protocols.
   keprotokolan.


FUNGSI AUDIT INTERNAL                                                                 INTERNAL AUDIT DEPARTMENT
Fungsi   Audit     Internal      bertugas           untuk     memastikan              The Internal Audit Department is in charge of ensuring the
terlaksananya tata kelola perusahaan yang baik melalui                                implementation of good corporate governance through
pemberian    keyakinan        dan       konsultasi         yang     bersifat          providing assurance and consulting that is independent
independen dan objektif dengan tujuan untuk meningkatkan                              and objective in nature with the aim of increasing value and
nilai dan memperbaiki operasional Perusahaan, melalui                                 improving the Company’s operations, through a systematic
pendekatan yang sistematis, dengan cara mengevaluasi dan                              approach, by evaluating and improving the effectiveness
meningkatkan efektivitas manajemen risiko, pengendalian,                              of risk management, control and processes corporate
dan proses tata kelola perusahaan.                                                    governance.


DASAR HUKUM                                                                           LEGAL BASIS
Pembentukan Fungsi Audit Internal mengacu pada:                                       The establishment of the Internal Audit Department refers to:
1. Undang-Undang Republik Indonesia No. 19 Tahun 2003                                 1. Law of the Republic of Indonesia No. 19 of 2003 on State-
   tentang Badan Usaha Milik Negara di Pasal 67.                                            Owned Enterprises in Article 67.




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja             Laporan Manajemen        Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report        Company Profile           Overview on Business Supports




2. Peraturan Menteri Negara Badan Usaha Milik Negara No.                       2. Regulation of the Ministry of State-Owned Enterprises
   PER-2/MBU/03/2023 Tahun 2023 tentang Pedoman Tata                               No. PER-2/MBU/03/2023 of 2024 on Guidelines for
   Kelola dan Kegiatan Korporasi Signifikan Badan Usaha                            Governance and Significant Corporate Activities of State-
   Milik Negara.                                                                   Owned Enterprises.
3. Peraturan Otoritas Jasa Keuangan No. 56/POJK.04/2015                        3. Financial           Services     Authority          Regulation   No.   56/
   tentang Pembentukan dan Pedoman Penyusunan Piagam                               POJK.04/2015 on Establishment and Guidelines for the
   Unit Audit Internal.                                                            Preparation of the Internal Audit Unit Charter.


KEDUDUKAN FUNGSI AUDIT INTERNAL DALAM STRUKTUR                                 INTERNAL AUDIT DEPARTMENT POSITION IN THE COMPANY
PERUSAHAAN                                                                     STRUCTURE
Kedudukan Fungsi Audit Internal dalam struktur Perusahaan                      The position of the Internal Audit Department within the
berada di bawah dan bertanggung jawab langsung kepada                          corporate structure is under and directly reports to the
Direktur Utama sesuai dengan Surat Keputusan Direksi No.                       President Director in accordance with the Decree of the Board
PH.01.04/005/2023 tanggal 1 Februari 2023. Fungsi Audit                        of Directors No. PH.01.04/005/2023 dated February 1, 2023.
Internal dipimpin oleh Vice President of Internal Audit yang                   The Internal Audit Department is led by the Vice President of
membawahi para Auditor Internal yang bertugas di antaranya                     Internal Audit who oversee Internal Auditors assigned, among
melakukan perencanaan audit, melaksanakan audit, evaluasi                      others, to plan audits, conduct audits, evaluate and monitor
dan monitoring tindak lanjut hasil audit. Adapun struktur                      audit results follow-up. The structure of this function is
tersebut digambarkan dalam bagan berikut ini:                                  shown in the diagram below:



                                                                   Direktur Utama
                                                                  President Director




                                                           Department of Internal Audit




                                                                  Audit Planning Monitor &
                                                                         Evaluation




                                                                             Auditor




PENGANGKATAN DEPARTMENT OF INTERNAL AUDIT                                      APPOINTMENT OF INTERNAL AUDIT DIVISION
Pengangkatan Kepala Unit Internal Audit (Department of                         The appointment of the Head of the Internal Audit Unit
Internal Audit) mengacu pada Peraturan Otoritas Jasa                           (Internal Audit Division) refers to the Financial Services
Keuangan No. 56/POJK.04/2015 tentang Pembentukan dan                           Authority Regulation No. 56/POJK.04/2015 on Establishment
Pedoman Penyusunan Piagam Unit Audit Internal.                                 and Guidelines for Preparing the Internal Audit Unit Charter.


Pengangkatan dan pemberhentian Kepala Unit Audit                               The appointment and dismissal of the Head of the Internal
Internal dilakukan oleh Direktur Utama melalui persetujuan                     Audit Unit is carried out by the President Directors with the
Dewan Komisaris. Setiap pengangkatan, penggantian, atau                        approval of the Board of Commissioners. Any appointment,
pemberhentian Kepala Unit Audit Internal harus diberitahukan                   replacement or dismissal of the Head of the Internal Audit
kepada Otoritas Jasa Keuangan. Adapun alur pengangkatan                        Unit must be notified to the Financial Services Authority. The
dan pemberhentian Kepala Unit Audit Internal digambarkan                       flow of appointment and dismissal of the Head of the Internal
sebagai berikut.                                                               Audit Unit is described as follows.


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                          Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik          Tanggung Jawab Sosial dan Lingkungan
                          Management Discussion and Analysis           Good Corporate Governance                 Corporate Social and Environmental Responsibility




Alur Pengangkatan/Pemberhentian Department of Internal                                     Process Flow of the Appointment/Dismissal Department of
Audit                                                                                      Internal Audit




           1
 Penyampaian usulan
 pengangkatan/ pemberhentian
                                                        2
                                              Persetujuan Dewan Komisaris /
                                              Board of Commissioners’ Approval
                                                                                                          3
                                                                                              Penetapan pengangkatan/
                                                                                              pemberhentian melalui Surat
                                                                                                                                                         4
                                                                                                                                               Menyampaikan Laporan
                                                                                                                                               mengenai pengangkatan/
 Vice President of Internal Audit                                                             Keputusan Direksi / Stipulation                  pemberhentian Vice President
 kepada Dewan Komisaris /                                                                     of appointment/termination                       of Internal Audit kepada OJK /
 Submission of proposals for the                                                              through the Board of Directors                   Submit a report regarding the
 appointment/dismissal Vice                                                                   Decree                                           appointment/dismissal Vice
 President of Internal Audit to the                                                                                                            President of Internal Audit to
 Board of Commissioners                                                                                                                        OJK




PROFIL KEPALA UNIT INTERNAL AUDIT                                                          PROFILE OF THE HEAD OF INTERNAL AUDIT UNIT


                                                          Warga Negara / Citizenship            Indonesia / Indonesian
                                                          Domisili / Domicile                   Palembang
                                                          Usia / Age                            46 tahun per 31 Desember 2023 / 46 years old as of December 31,
                                                                                                2023
                                                          Tempat, Tanggal Lahir /               Jakarta, 8 September 1977 / Jakarta, September 8, 1977
                                                          Place and Date of Birth
                                                          Riwayat Pendidikan /                  •    S2 Magister Manajemen Universitas Sriwijaya (2023) / Masters in
                                                          Educational Background                     Management, Universitas Sriwijaya (2023)
                                                                                                •    S1 Ekonomi Akuntansi Universitas Jambi (2001) / Bachelor of
                                                                                                     Economics in Accounting, Universitas Jambi (2001)
                                                          Riwayat Penunjukan /                  Surat Keputusan Direksi PT Semen Baturaja Tbk No.
                                                          Appointment History                   PH.01.04/004/2023 tanggal 01 Februari 2023/ Appointed as Vice
                                                                                                President of Internal Audit of PT Semen Baturaja (Persero) Tbk
                                                                                                based on Board of Directors Decree No. PH.01.04/004/2023 dated
Hari Liandu                                                                                     February 1, 2023
Vice President of Internal Audit                          Pengalaman Kerja /                    1. Vice President Management Accounting & ICT PT Semen Baturaja
                                                          Professional Experience                   (Persero) Tbk (2022).
                                                                                                2. Vice President Accounting & Finance PT Semen Baturaja
                                                                                                    (Persero) Tbk (2018-2022).
                                                                                                3. Vice President Management Accounting PT Semen Baturaja
                                                                                                    (Persero) Tbk (2018).
                                                                                                4. Pj.Ka.Biro Angggaran & Analisa Keuangan PT Semen Baturaja
                                                                                                    (Persero) Tbk (2016-2018). / Acting Head of Budget & Financial
                                                                                                    Analysis Bureau PT Semen Baturaja (Persero) Tbk (2016-2018).
                                                                                                5. KA. Bagian Penyusunan & Pengendalian Anggaran PT Semen
                                                                                                    Baturaja (Persero) Tbk (2014). / Head of Budget Preparation &
                                                                                                    Control Section of PT Semen Baturaja (Persero) Tbk (2014).
                                                                                                6. Pj. Ka. Bagian Keuangan Baturaja PT Semen Baturaja (Persero)
                                                                                                    Tbk (2011). / Acting Head of Baturaja Finance Department PT
                                                                                                    Semen Baturaja (Persero) Tbk (2011).
                                                                                                7. Asisten Analisis Keuangan Tk. Ka. Seksi PT Semen Baturaja
                                                                                                    (Persero) Tbk (2007). / Tk. Financial Analysis Assistant Section
                                                                                                    Head PT Semen Baturaja (Persero) Tbk (2007).
                                                                                                8. Administrasi Persediaan PPG PT Semen Baturaja (Persero)
                                                                                                    Tbk (2006). / PPG Inventory Administration PT Semen Baturaja
                                                                                                    (Persero) Tbk (2006).
                                                                                                9. Ka. Regu Administrasi Persediaan PT Semen Baturaja (Persero)
                                                                                                    Tbk (2004). / Inventory Administration Team Head PT Semen
                                                                                                    Baturaja (Persero) Tbk (2004).
                                                                                                10. Staf Ka. Bagian Akuntansi Biaya Tingkat Regu Ditugaskan pada
                                                                                                    Seksi Adm. Biaya & Hp dan Penyiapan Laporan PT Semen Baturaja
                                                                                                    (Persero) Tbk (2004). / Staff Team Head Level Cost Accounting
                                                                                                    Section Assigned to the Admin Section. Costs & Hp, and Report
                                                                                                    Preparation for PT Semen Baturaja (Persero) Tbk (2004).
                                                          Hubungan Afiliasi /                   Tidak ada hubungan afiliasi dengan anggota Dewan Komisaris,
                                                          Affiliation                           anggota Direksi lainnya dan Pemegang Saham Utama / No affiliation
                                                                                                with members of the Board of Commissioners, other members of
                                                                                                the Board of Directors and majority shareholders



                                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                        523
Page 526
                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile         Overview on Business Supports




PIAGAM (CHARTER) INTERNAL AUDIT                                               INTERNAL AUDIT CHARTER
Internal Audit memiliki Piagam Internal Audit (Internal Audit                 The Internal Audit has an Internal Audit Charter as a work
Charter) sebagai pedoman kerja dalam melaksanakan                             guide in carrying out its duties. This charter was signed by
tugasnya. Piagam ini ditandatangani oleh Direksi dan Dewan                    the Board of Directors and the Board of Commissioners of the
Komisaris Perseroan pada 10 Desember 2018. Piagam Internal                    Company on December 10, 2018. The Internal Audit Charter,
Audit antara lain mengatur dasar-dasar pelaksanaan tugas                      among others, regulates the basics for carrying out Internal
Internal Audit yang mencakup Visi, Misi, Wewenang, Ruang                      Audit duties which include Vision, Mission, Authority, Scope,
Lingkup, Tugas, Tanggung Jawab, Kewajiban, Kode Etik dan                      Duties, Responsibilities, Obligations, Code of conducts and
Hubungan dengan Komite Audit serta Pihak Internal dan                         Relations with Audit Committee and Company Internal and
Eksternal Perusahaan.                                                         External Parties.
Hal-hal yang dimuat di dalam Internal Audit Charter adalah:                   The matters contained in the Internal Audit Charter include:
1. BAB I Pendahuluan: Latar belakang, maksud, visi dan misi;                  1. CHAPTER I Introduction: Background, Purpose, Vision
                                                                                 and Mission.
2. BAB II Department of Internal Audit: Definisi dan Tujuan,                  2. CHAPTER II Department of Internal Audit: Definition
   Struktur Kedudukan dan Fungsi, Ruang Lingkup, Tugas                           and Objectives, Position and Function Structure, Scope,
   dan Tanggung Jawab, Wewenang, Pertanggungjawaban                              Duties and Responsibilities, Authorities, Accountability
   serta Larangan Rangkap Jabatan.                                               and Prohibition of Concurrent Positions.
3. BAB III Kode Etik: Umum dan Standar Perilaku.                              3. CHAPTER III Code of conducts: General and Standards of
                                                                                 Conduct.
4. BAB IV Persyaratan Auditor Internal.                                       4. CHAPTER IV Internal Auditor Requirements.
5. Bab V Standar Pelaksanaan Tugas: Umum, Independensi                        5. CHAPTER             V   Performance               Standards:   General,
   dan Objektivitas, serta Kompetensi.                                           Independency and Objectivity, and Competency.
6. BAB VI Pola Hubungan: Hubungan dengan Auditee,                             6. CHAPTER VI Relationship Types: Relationship with
   Hubungan dengan Auditor Eksternal, Hubungan dengan                            Auditee, Relationship with External Auditor, Relationship
   Komite Audit, Komite Manajemen Risiko dan Good                                with Audit Committee, Risk Management Committee and
   Corporate Governance (GCG).                                                   Good Corporate Governance (GCG).
7. BAB VII Penutup.                                                           7. CHAPTER VII Closing.


KODE ETIK INTERNAL AUDIT                                                      INTERNAL AUDIT CODE OF CONDUCT
Pelaksanaan tugas dan tanggung jawabnya, Internal Auditor                     Implementation of duties and responsibilities of the
Perusahaan mengacu pada Standar Profesi Audit Internal                        Company’s Internal Auditor refers to the Internal Audit
(SPAI) dari Konsorsium Organisasi Profesi Audit Internal dan                  Professional Standards (SPAI) from the Consortium of Internal
Code of Ethics dari The Institute of Internal Auditors. Auditor               Audit Professional Organizations and the Code of Ethics from
internal harus memegang teguh dan mematuhi kode etik                          The Institute of Internal Auditors. Internal auditors must
sebagai berikut:                                                              adhere to and adhere to the code as follows:
1. Berperilaku dan bersikap jujur, objektif dan cermat dalam                  1. Have proper and honest, objective and prudent behavior
   melaksanakan tugas.                                                           in performing duties.
2. Berintegritas dan memiliki loyalitas tinggi terhadap                       2. Possess high integrity and loyalty to the profession, the
   profesi, Perusahaan dan internal audit.                                       Company and internal audit.
3. Menghindari kegiatan atau perbuatan yang merugikan                         3. Avoid activities or actions that are detrimental or
   atau patut diduga dapat merugikan profesi auditor                             reasonably suspected to be detrimental to the profession
   internal atau Perusahaan.                                                     of internal auditor or the Company.
4. Menghindari       aktivitas      yang        bertentangan       dengan     4. Avoid activities that are contrary to the interests of the
   kepentingan Perusahaan atau yang mengakibatkan tidak                          Company or which result in not being able to perform its
   dapat melakukan tugas kewajiban secara objektif.                              duties in an objective manner.




524        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                       Analisis dan Pembahasan Manajemen               Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis              Good Corporate Governance                Corporate Social and Environmental Responsibility




5. Tidak menerima pemberian dalam bentuk apapun dan dari                                   5. Accept no gifts in any form and from anyone, either
   siapapun, baik langsung maupun tidak langsung termasuk                                        directly or indirectly, including from auditees, clients,
   dari auditee, klien, pelanggan, pemasok, rekanan dan                                          customers, suppliers, partners and/or parties having an
   atau pihak yang berkepentingan dengan Perusahaan                                              interest in the Company that interferes or is reasonably
   yang mengganggu atau patut diduga dapat mengganggu                                            suspected to interfere with the auditor’s professional
   pertimbangan profesional auditor.                                                             judgement.
6. Mematuhi sepenuhnya standar profesi auditor internal,                                   6. Fully comply with the professional standards of internal
   kebijakan Perusahaan dan peraturan perundangan.                                               auditors, the Company policies and laws and regulations.
7. Memelihara dan mempertahankan moral dan martabat                                        7. Maintain and uphold the moral and dignity of the internal
   auditor internal.                                                                             auditors.
8. Tidak memanfaatkan informasi yang diperoleh untuk                                       8. Take no advantage from the information obtained for
   kepentingan atau keuntungan pribadi atau hal lain                                             personal interests or gains or other matters that incur
   yang menimbulkan kerugian atau patut diduga dapat                                             loss or are reasonably suspected of incurring losses to the
   menimbulkan kerugian bagi Perusahaan dengan alasan                                            Company for any reason.
   apapun.
9. Melaporkan      semua         hasil       audit          material     dengan            9. Report all material audit results by disclosing the truth
   mengungkapkan kebenaran sesuai fakta yang ada                                                 according to the facts and not hiding things that may
   dan tidak menyembunyikan hal yang dapat merugikan                                             harm the Company or may violate the law.
   Perusahaan atau dapat melanggar hukum.


URAIAN TUGAS DAN TANGGUNG JAWAB                                                            DESCRIPTION OF DUTIES AND RESPONSIBILITIES
Tugas dan tanggung jawab Vice President of Internal Audit                                  Description duties and responsibilities of the Vice President
dijelaskan dalam uraian berikut:                                                           of Internal Audit is as follows:
1. Bertanggung jawab dalam perencanaan audit yang sesuai                                   1. Responsible for planning the audit in accordance with
   dengan kebijakan dan memastikan hasil audit yang                                              the policy and ensuring quality audit results and accurate
   berkualitas dan pelaporan yang akurat.                                                        reporting.
2. Bertanggung jawab dalam audit berbasis risiko untuk                                     2. Responsible for risk-based audits to ensure complete and
   memastikan cakupan penilaian yang lengkap dan                                                 adequate assessment coverage of the organization’s risks
   memadai mengenai risiko dan pengendalian utama                                                and control.
   organisasi.
3. Bertanggung jawab dalam pengelolaan pengendalian                                        3. Responsible for internal control on fraud management to
   internal terhadap fraud untuk memastikan pengelolaan                                          ensure effective management.
   yang efektif.
4. Bertanggung jawab dalam monitor tindak lanjut &                                         4. Responsible for monitoring follow-up & feedback to
   feedback untuk memastikan cakupan penilaian yang                                              ensure complete and adequate assessment coverage of
   lengkap dan memadai mengenai risiko dan pengendalian                                          the organization’s risks and control.
   utama organisasi.
5. Bertanggung      jawab         dalam         monitor         audit       untuk          5. Responsible for monitoring the audit to ensure a complete
   memastikan cakupan penilaian yang lengkap dan                                                 and adequate assessment of the organization’s risks and
   memadai mengenai risiko dan pengendalian utama                                                control.
   organisasi.
6. Bertanggung      jawab          dalam         pendampingan               untuk          6. Responsible for mentoring to ensure a complete and
   memastikan cakupan penilaian yang lengkap dan                                                 adequate assessment coverage of the organization’s risks
   memadai mengenai risiko dan pengendalian utama                                                and control.
   organisasi.
7. Penelitian dan pemeriksaan semua catatan, dokumen dan                                   7. Perform research and examine all records, documents
   harta milik Perusahaan yang berhubungan dengan audit.                                         and assets of the Company related to the audit.




                                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                Ikhtisar Kinerja               Laporan Manajemen       Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                                Performance Highlights         Management Report       Company Profile        Overview on Business Supports




8. Penilaian produktivitas, efektivitas dan efisiensi sistem                       8. Conduct assessment of productivity, effectiveness and
   pengendalian internal.                                                              efficiency of the internal control system.
9. Rekomendasi pelaksanaan penghapusan barang dan                                  9. Provide recommendations write-off goods and equipment
   peralatan dari aset Perusahaan.                                                     from the Company’s assets.
10. Rekomendasi kepada Direksi terkait penunjukan akuntan                          10. Provide recommendations to the Board of Directors on
   publik.                                                                             public accountant appointment.
11. Pelaksanaan akses komunikasi yang memadai dengan                               11. Implement adequate communication access with the
   Komite Audit.                                                                       Audit Committee.
12. Penyetujuan rekomendasi penambahan program audit                               12. Provide approval of recommendations for additional
   operasional dan ICT.                                                                operational and ICT audit programs.
13. Rekomendasi terhadap kebijakan dasar serta perubahan                           13. Provide recommendations on basic policies and changes
   sistem dan prosedur yang berpengaruh pada bisnis                                    to systems and procedures that affect the Company’s
   Perusahaan.                                                                         business.
14. Pemberian peringatan kepada karyawan yang melanggar                            14. Impose warnings to employees violating the prevailing
   peraturan yang berlaku.                                                             regulations.
15. Rekomendasi promosi, demosi dan mutasi dari karyawan                           15. Provide recommendations for promotions, demotions
   binaannya ke unit/fungsi manajemen talenta.                                         and transfers from the employees under its supervision
                                                                                       to the talent management unit/function.


JUMLAH KARYAWAN INTERNAL AUDIT                                                     NUMBER OF INTERNAL AUDIT EMPLOYEES
Per 31 Desember 2023, karyawan pada Internal Audit                                 As of December 31, 2023, the Internal Audit Unit has 12
berjumlah 12 (dua belas) personel dengan perincian sebagai                         (twelve) personnel with the following details:
berikut:
  No                Nama / Name                           Jabatan / Position                                   Pendidikan / Education
                                                                                            1. Ekonomi Akuntansi (S1) / Bachelors in Economic
   1       Hari Liandu                              Vice President of Internal Audit           Accounting
                                                                                            2. Magister Manajemen (S2) / Masters in Management
                                                                                            1. Ekonomi Akuntansi (S1) / Bachelors in Economic
                                                     Audit, Planning, Monitoring, &
   2       Azhar                                                                               Accounting
                                                       Evaluation Senior Officer
                                                                                            2. Magister Manajemen (S2) / Masters in Management
   3       Yunina Mardyana                               Auditor Senior Officer             Ekonomi Akuntansi (S1) / Bachelors in Economic Accounting
                                                                                            Ekonomi Manajemen (S1) / Bachelors in Economic
   4       Arpani                                        Auditor Senior Office
                                                                                            Management
                                                                                            1. Ekonomi Akuntansi (S1) / Bachelors in Economic
                                                     Audit, Planning, Monitoring, &            Accounting
   5       R.A. Fifin Zulva
                                                           Evaluation Officer               2. Magister Manajemen Keuangan (S2) / Masters in Finance
                                                                                               Management
                                                     Audit, Planning, Monitoring, &
   6       Agus Purwanto                                                                    Hukum (S1) / Bachelors in Law (S1)
                                                           Evaluation Officer
                                                                                            1. Teknik Informatika (S1) / Bachelors in Informatics
   7       Surya Andita Nasution                             Auditor Officer
                                                                                            2. Magister Manajemen (S2) / Masters in Management
                                                                                            Teknik Elektro (SMK) / Vocational School in Electrical
   8       Kms. Mohammad Toha                                Auditor Officer
                                                                                            Engineering
                                                                                            Ekonomi Manajemen (S1) / Bachelors in Economic
   9       Taufik Rachman                                    Auditor Officer
                                                                                            Management
                                                     Audit, Planning, Monitoring, &         Teknik Elektro (D3) / Assoicate Degree in Electrical
  10       Tedy Suwandhi
                                                       Evaluation Junior Officer            Engineering
                                                                                            1. Akuntansi (D3) / Assoicate Degree in Accounting
  11       Aziz Sutrisno                                 Auditor Junior Officer             2. Akuntansi (D4) / Bachelor of Applied Science in
                                                                                               Accounting
                                                                                            1. Teknik Elektro (D3) / Assoicate Degree in Electrical
                                                                                               Engineering
  12       Heri Admadiansyah                             Auditor Junior Officer
                                                                                            2. Teknik Elektro (D4) / Bachelor of Applied Science in
                                                                                               Electrical Engineering



526           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 529
                      Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis           Good Corporate Governance            Corporate Social and Environmental Responsibility




KUALIFIKASI ATAU SERTIFIKASI SEBAGAI PROFESI AUDIT                                     QUALIFICATION OR CERTIFICATION AS AN INTERNAL AUDIT
INTERNAL                                                                               PROFESSIONAL
Perusahaan     senantiasa        memastikan                dan   memelihara            The Company always ensures and maintains the competence
kompetensi personel auditor internal guna mendorong                                    of internal audit personnel in order to encourage
peningkatan kualitas personel audit internal sesuai dengan                             improvements in the quality of internal audit personnel in
kebutuhan untuk pelaksanaan tugas internal audit. Berikut                              accordance with the requirements for carrying out internal
personel Unit Audit Internal yang mengikuti program                                    audit duties. The following Internal Audit Unit personnel are
sertifikasi:                                                                           participating in the certification program:
  No.                 Training/Workshop/Seminar                                       Waktu Pelaksanaan / Time                      Penyelenggara / Organizer
                                                                                                                                 Lembaga Sertifikasi Profesi
        Seminar & Pengukuhan Certified Professional Audit       9 November 2023 - Solo Jawa
                                                                                                                               Auditor Internal (LSPAI) / Internal
   1    Manager (CPAM). / Seminar & Inauguration of Certified Tengah / November 9, 2023 - Solo,
                                                                                                                               Auditor Professional Certification
        Professional Audit Manager (CPAM).                              Central Java
                                                                                                                                        Institute (LSPAI)
                                                                                                                                 Lembaga Sertifikasi Profesi
                                                       9 November 2023 - Solo Jawa
        Seminar & Pengukuhan ACCIA / ACCIA Seminar &                                                                           Auditor Internal (LSPAI) / Internal
   2                                                 Tengah / November 9, 2023 - Solo,
        Inauguration                                                                                                           Auditor Professional Certification
                                                               Central Java
                                                                                                                                        Institute (LSPAI)
                                                                                                     Lembaga Sertifikasi Profesi
                                                               1 September 2023 - Via Zoom Cloud     Mitra Kalyana Sejahtera (LSP
        Sertifikasi Qualified Risk Management Officer (QRMO) /
   3                                                            Meeting / September 1, 2023 - Via   MKS) / Mitra Kalyana Sejahtera
        Qualified Risk Management Officer (QRMO) Certification
                                                                      Zoom Cloud Meeting          Professional Certification Institute
                                                                                                               (LSP MKS)




PENDIDIKAN DAN PELATIHAN                                                               EDUCATION AND TRAINING
Dalam rangka meningkatkan kompetensi Unit Audit Internal,                              In order to improve the competence of the Internal Audit Unit,
Perusahaan memfasilitasi berbagai program pengembangan                                 the Company facilitates various competency development
kompetensi     yang    disesuaikan            dengan         perkembangan              programs that are tailored to the Company's business
bisnis Perusahaan. Pengembangan kompetensi dapat                                       developments. Competency development can take the form
berupa pelatihan, seminar, atau workshop. Rincian realisasi                            of training, seminars or workshops. Details of the realization
pengembangan kompetensi Vice President Internal Audit                                  of Vice's competency development President Internal Audit
disampaikan pada bab “Profil Perusahaan” yang terdapat                                 is presented in the "Company Profile" chapter in this annual
dalam laporan tahunan ini. Kebijakan pengembangan                                      report. The competency development policy for Internal
kompetensi bagi Internal Audit mengacu pada SOP                                        Audit refers to the Company's HR Management SOP.
Pengelolaan SDM Perusahaan.


Sementara, program pengembangan kompetensi yang diikuti                                The competency development program attended by personnel
oleh personel dalam lingkup organ Unit Audit Internal di tahun                         of the Internal Audit Unit organ in 2023 is as follows:
2023, adalah sebagai berikut:
  No.    Pendidikan dan Pelatihan / Education and Training                         Penyelenggara / Organizer                                 Tanggal / Date
                                                                                                                               Pusat Pengembangan Akuntansi
        Sertifikasi Khusus Bagi Kepala SPI / Special                       13-17 Maret 2023 - Bogo Jawa Barat /               & Keuangan (PPA&K) / Accounting
   1
        Certification for SPI Head                                         March 13-17. 2023 - Bogor West Java                 & Finance Development Center
                                                                                                                                          (PPA&K)
                                                                           30-31 Agustus 2023 - Via Zoom Cloud
        Pelatihan Qualified Risk Management Officer (QRMO)                                                                     Center for Risk Management and
   2                                                                        Meeting / August 30-31, 2023 - Via
        / Qualified Risk Management Officer (QRMO) Training                                                                         Sustainabilty (CRMS)
                                                                                   Zoom Cloud Meeting
                                                                                                                                Lembaga Sertifikasi Profesi
        Seminar dan Pengukuhan Certified Professional
                                                                          9 November 2023 - Solo, Jawa Tengah /               Auditor Internal (LSPAI) / Internal
   3    Audit Manager (CPAM) / Seminar and Inauguration
                                                                           November 9, 2023 - Solo, Central Java              Auditor Professional Certification
        of Certified Professional Audit Manager (CPAM)
                                                                                                                                       Institute (LSPAI)




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                              527
Page 530
                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




PELAKSANAAN TUGAS INTERNAL AUDIT                                             IMPLEMENTATION OF INTERNAL AUDIT DUTIES
Sepanjang tahun 2023, Audit Internal telah melaksanakan                      Throughout 2023, Internal Audit has carried out its activities
kegiatannya sesuai dengan program kerja yang telah                           in accordance with the planned work program. The following
direncanakan. Berikut adalah uraian singkat pelaksanaan                      is a brief description of the implementation of the duties of
tugas Department of Internal Audit pada tahun buku:                          theDepartment of Internal Audit in the fiscal year:
1. Melakukan pemeriksaan sesuai dengan PKPT (Program                         1. Carrying out audits in accordance with PKPT (Annual
   Kerja Pemeriksaan Tahunan). Dalam kegiatan ini, Internal                     Audit Work Program). In this activity, Internal Audit has
   Audit telah memeriksa 6 Objek Pemeriksaan Rutin, 4 kali                      examined 6 Routine Audit Objects, 4 times External
   Kegiatan Pendampingan Audit Eksternal dan 4 Kali sebagai                     Audit Assistance Activities and 4 times as External Audit
   Counterpart Audit Eksternal, 2 kali Audit Internal Sistem                    Counterpart, 2 times as Internal Audit of the Semen
   Manajemen Semen Baturaja (SMSB). Aspek-aspek yang                            Baturaja Management System (SMSB). The aspects
   dinilai dalam kegiatan tersebut mencakup: lingkungan                         assessed in this activity include: control environment,
   pengendalian, penilaian risiko, aktivitas pengendalian,                      risk assessment, control activities, information and
   informasi dan komunikasi, serta pemantauan.                                  communication, and monitoring.
2. Melakukan Pemeriksaan Khusus/Non PKPT.                                    2. Carrying out Special/Non PKPT Audits.
3. Sebagai counterpart Auditor Eksternal antara lain Kantor                  3. Act as counterpart for External Auditors include the Public
   Akuntan Publik (KAP), Asean Corporate Governance                             Accounting Firm (KAP), ASEAN Corporate Governance
   Scorecard (ACGS), Badan Pemeriksa Keuangan RI (BPK RI),                      Scorecard (ACGS), the Indonesian Financial Audit Agency
   Badan Pengawasan Keuangan dan Pembangunan (BPKP).                            (BPK RI), the Financial and Development Supervisory
                                                                                Agency (BPKP).
4. Sebagai counterpart audit internal, antara lain Audit                     4. Act as internal audit counterpart, including the Semen
   Sistem Manajemen Semen Baturaja (SMSB).                                      Baturaja Management System Audit (SMSB).


Pelaksanaan Rapat Unit Audit Internal                                        Internal Audit Unit Meeting
  No.      Tanggal / Date                                      Agenda Rapat / Meeting Agenda                                         Peserta / Participant
                                    1. Arahan Direksi / Board of Directors' directive                                            Direksi / Board of
                                    2. Profil Risiko Korporat Tahun 2023 / Corporate Risk Profile in 2023                        Directors
                                    3. Refinancing Kredit Sindikasi SMBR / SMBR Syndicated Credit Refinancing                    VP Internal Audit /
          3 Januari 2023 /
   1.                               4. Kronologi Kapitalisasi Semen Bonus Menjadi Aset Kajian Pengembangan /                     VP Internal Audit
          January 3, 2023
                                       Chronology of Bonus Cement Capitalization as a Development Study Asset
                                    5. Persiapan Pemeriksaan oleh BPK RI Tahun 2023 / Preparation for Audit by the
                                       Audit Board of Indonesia
                                    1. Laporan Kinerja Desember dan s.d. Desember 2022 / Performance Report for                  Direksi / Board of
                                       December and up to December 2022                                                          Directors
                                    2. Realisasi Penyelesaian Piutang Kategori A, B, dan C Tahun 2022 dan Proyeksi               Dewan Komisaris
                                       Penyelesaian Piutang Kategori A, B dan C Tahun 2023 / Realization of                      / Board of
          13 Januari 2023 /
  2.                                   Receivables Settlement for Categories A, B and C in 2022 and Projections for              Commissioners
          January 13, 2023
                                       Settlement of Receivables in Categories A, B and C in 202                                 VP Internal Audit
                                    3. Refinancing Kredit Sindikasi SMBR / SMBR Syndicated Credit Refinancing
                                    4. Persiapan RUPSLB SMBR Tahun 2023 / Preparation for the 2023 SMBR EGMS
                                    5. Perubahan Nomenklatur di SMBR / Changes in Nomenclature in SMBR
                                    1. Laba rugi SMBR tahun buku 2022 / SMBR's profit and loss for the 2022                      Direksi / Board of
                                       financial year                                                                            Directors
          17 Januari 2023 /         2. Penyelesaian Piutang bermasalah / Settlement of problem receivables                       Dewan Komisaris
  3.
          January 17, 2023          3. Update kajian refinancing kredit investasi sindikasi SMBR / Update on the                 / Board of
                                       SMBR syndicated investment credit refinancing study                                       Commissioners
                                                                                                                                 VP Internal Audit
                                    1. Kinerja bulan Juni 2023 dan s.d. Juni 2023 / Performance in June 2023 and up              Direksi / Board of
                                       to June 2023                                                                              Directors
            7 Juli 2023 /           2. Progres penanganan piutang Juni 2023 / Progress on handling receivables in                Dewan Komisaris
  4.
            July 7, 2023               June 2023                                                                                 / Board of
                                                                                                                                 Commissioners
                                                                                                                                 VP Internal Audit




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                       Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis        Good Corporate Governance            Corporate Social and Environmental Responsibility




  No.         Tanggal / Date                                     Agenda Rapat / Meeting Agenda                                                  Peserta / Participant
                                     1. Arahan Direksi / Board of Directors' directive                                                          Direksi / Board of
            10 November 2023 /       2. Kinerja Oktober 2023 / October 2023 performance                                                         Directors
  5.
            November 10, 2023        3. Prognosa s.d. Desember 2023 / Prognosis until December 2023                                             VP Internal Audit
                                     4. Progress dan Peluang Efisiensi / Progress and Efficiency of Opportunities
                                     1. Arahan Direksi / Board of Directors' directive 2.                        Direksi / Board of
                                     2. Kinerja November dan s.d. November 2023 / Performance in November and up Directors
            5 Desember 2023 /           to November 2023                                                         VP Internal Audit
  6.
            December 5, 2023         3. Draft RKAP Tahun 2024 / Draft RKAP 2024
                                     4. Modul SAP Maintenance dan Procurement / SAP Maintenance and Procurement
                                        Module
                                     1. Arahan Direksi / Board of Directors' directive                             Direksi / Board of
                                     2. Program Penurunan Biaya Intransit PPG dan PPJ / PPG and PPJ Intransit Cost Directors
                                     Reduction Program                                                             VP Internal Audit
                                     3. Kebijakan SIG terkait RKAP 2023 / SIG policy related to RKAP 2023
            12 Desember 2023 /
   7.                                4. Update Matriks Pencapaian Aspirasi Holding ke SMBR / Update the Holding
            December 12, 2023
                                     Aspiration Achievement Matrix to SMBR
                                     5. Prognosa Kinerja Tahun 2023 / Performance Prognosis for 2023
                                     6. Audit Laporan Keuangan PT Semen Baturaja Tbk / Audit of PT Semen Baturaja
                                     Tbk Financial Reports



Jumlah dan Kehadiran Rapat dengan:                                                   Number and Attendance Meeting with:
                                                                                                           Dewan Komisaris (dan/atau Komite Audit) /
           Uraian / Description                             Direksi / Board of Directors                     Board of Commissioners (and/or Audit
                                                                                                                         Committee)
Jumlah Rapat / Number of Meetings                                           7                                                               3
Kehadiran / Attendance                                                      7                                                               3
Persentase / Percentage                                                   100                                                             100



MONITORING TINDAK LANJUT TEMUAN AUDIT                                                MONITORING OF AUDIT FINDING FOLLOW-UP
Di tahun 2023, Internal Audit telah melakukan audit internal                         In 2023, Internal Audit has conducted 6 (six) internal audits
sebanyak 6 (enam) kali audit dan menghasilkan temuan                                 and produced 21 (twenty one) findings. he implementation
sebanyak 21 (dua puluh satu) temuan. Pelaksanaan tindak                              of this follow-up has also been carried out with improvement
lanjut ini telah juga dilakukan upaya perbaikan begitu pula                          efforts as well as the follow-up of external audit findings.
dengan tindak lanjut temuan audit eksternal.


AUDIT EKSTERNAL                                                                      EXTERNAL AUDIT
Pemeriksaan       Audit    eksternal           bertujuan      menerapkan             The function of independent oversight of the company’s
fungsi pengawasan independen terhadap aspek keuangan                                 financial aspects is carried out by an external audit
perusahaan yang dilakukan oleh Kantor Akuntan Publik                                 examination conducted by a public accounting firm. The
(KAP). Dalam proses penunjukan KAP, perusahaan memiliki                              company has a policy regarding the appointment process
kebijakan     berdasarkan       peraturan           perundang-undangan               of PAF, which is based on applicable laws and regulations. In
yang berlaku. Dalam hal ini, Perusahaan menunjuk Komite                              this case, the Audit Committee is responsible for selecting
Audit sebagai penanggung jawab dalam pemilihan akuntan                               a public accountant. The process for appointing an external
publik. Adapun proses penunjukan auditor eksternal, sebagai                          auditor is as follows:
berikut:
1. Komite Audit memberikan hasil evaluasi pelaksanaan                                1. The Audit Committee presented an evaluation of the
   audit oleh KAP tahun sebelumnya yaitu Kantor Akuntan                                    audit performance conducted Public Accounting Firm
   Publik (KAP) Amir Abadi Jusuf, Aryanto, Mawar & Rekan.                                  Amir Abadi Jusuf, Aryanto, Mawar & Rekan for the
   Kemudian, Komite Audit menyampaikan kepada Dewan                                        previous year. Subsequently, the committee reported




                                                                                                           2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja              Laporan Manajemen       Profil Perusahaan          Tinjauan Unit Pendukung Bisnis
                            Performance Highlights        Management Report       Company Profile            Overview on Business Supports




   Komisaris atas evaluasi KAP dan memberikan saran terkait                       their findings to the Board of Commissioners and
   pengadaan Jasa Audit KAP melalui Penunjukan Langsung                           recommended procuring the KAP Audit Service through
   dengan mengikuti hasil keputusan Tim Pengadaan Jasa                            Direct Appointment in accordance with the decision of
   Audit KAP Tahun 2023 di PT Semen Indonesia (Persero)                           the 2023 KAP Audit Services Procurement Team at PT
   Tbk selaku Pemegang Saham Seri B Mayoritas.                                    Semen Indonesia (Persero) Tbk as the Majority series B
                                                                                  shareholder.
2. RUPS menyetujui menunjuk Kantor Akuntan Publik Imelda                      2. The GMS approves the appointment of the Public
   & Rekan (terafiliasi dengan Deloitte) untuk melakukan                          Accounting Firm Imelda & Rekan (affiliated with Deloitte)
   audit umum atas Laporan Keuangan Konsolidasian                                 to conduct a general audit of the Company’s Consolidated
   Perseroan Tahun Buku 2023 dan periode lainnya dalam                            Financial Statements for Fiscal Year 2023 and other
   tahun buku 2023, dan Laporan Keuangan Program                                  periods within fiscal year 2023 as well as Financial
   Pendanaan Usaha Mikro Kecil Tahun Buku 2023.                                   Statements on the Micro Small Business Funding Program
                                                                                  Fiscal Year 2023
3. Dewan Komisaris Perusahaan diberikan pelimpahan                            3. The Company’s Board of Commissioners is authorized to
   kewenangan untuk menetapkan besaran imbalan jasa                               determine the audit services fees, the required additional
   audit, penambahan ruang lingkup pekerjaan yang                                 scope of work, and other appropriate requirements for
   diperlukan dan persyaratan lainnya yang wajar bagi Kantor                      the Public Accounting Firm.
   Akuntan Publik.
4. Dewan Komisaris meminta Direksi untuk melakukan                            4. The Board of Commissioners requests the Board
   proses pengadaan jasa audit KAP, berdasarkan hasil                             of Directors to process the procurement of Public
   Keputusan RUPS dan sesuai dengan ketentuan Perseroan                           Accounting Firm audit services, based on the GMS
   serta melakukan negosiasi terkait nilai jasa dan ruang                         resolutions, the Company’s provisions, and to negotiate
   lingkup audit.                                                                 the nominal value of the services and the scope of the
                                                                                  audit.
5. Proses pengadaan KAP melalui Penunjukan Langsung dan                       5. The Public Accounting Firm audit services procurement is
   Negosiasi terkait nilai jasa dan ruang lingkup audit.                          carried out through Direct Appointment, and negotiation
                                                                                  on nominal value of the audit services and scope.


Adapun secara alur, proses penunjukan KAP dapat                               For the flow, the Public Accounting Firm appointment process
digambarkan sebagai berikut                                                   can be described as follows



                                                         4                                                                                         5




                                                                                                      RUPS
                                                                                                      GMS

                                                                              2
                                1
                                                                              2                                                          Kantor Akuntan Publik
                                                                                                                                         Public Accounting Firm

                                                                              3


    Komite Audit                                  Dewan Komisaris                                   Direksi
   Audit Committee                           The Board of Commissioners                       The Board of Director




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                    Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis      Good Corporate Governance              Corporate Social and Environmental Responsibility




Perusahaan berpedoman pada ketentuan dari Peraturan                             The Company refers to the provisions of the Financial
Otoritas Jasa Keuangan Nomor 9 Tahun 2023 Pasal 16                              Services Authority Regulation No. 9 of 2023 Article 16
menyebutkan bahwa Pihak berupa bank umum, emiten, dan                           stating that parties of commercial banks, issuers and public
perusahaan publik wajib membatasi penggunaan jasa audit                         companies are required to limit the use of audit services for
atas informasi keuangan historis tahunan dari Akuntan Publik                    annual historical financial information from the same Public
yang sama untuk 7 (tujuh) tahun kumulatif.                                      Accountant for 7 (seven) cumulative years.


PENUNJUKAN KANTOR AKUNTAN PUBLIK                                                APPOINTMENT OF PUBLIC ACCOUNTING FIRM
Penunjukan KAP diputuskan melalui Rapat Umum Pemegang                           The appointment of KAP is decided through the Annual
Saham (RUPS) Tahunan sebagaimana dinyatakan dalam                               General Meeting of Shareholders (GMS) as stated in the
Akta Notaris Aryanti Artisari S.H., M.Kn. Nomor 10 Tanggal 8                    Notarial Deed of Aryanti Artisari SH, M.Kn. No. 10, May 8, 2023.
Mei 2023. Pada mata acara kelima RUPS, yaitu Penunjukan                         On the fifth agenda of the GMS, namely the appointment of a
Kantor Akuntan Publik untuk mengaudit Laporan Keuangan                          Public Accounting Firm to audit the Company's Consolidated
Konsolidasian Perseroan Tahun Buku 2023 dan Laporan                             Financial Statements and the Financial Statements of the
Keuangan Program Pendanaan Usaha Mikro Kecil Tahun Buku                         Annual Micro Small Business Funding Program for Fiscal Year
2023, hasil keputusannya adalah:                                                2023, the results of the decision are:
1. Menyetujui penunjukan Kantor Akuntan Publik Imelda &                         1. Approved the appointment of the Public Accounting
   Rekan (terafiliasi dengan Deloitte) untuk melakukan audit                          Firm Imelda & Rekan (affiliated with Deloitte) to conduct
   umum atas Laporan Keuangan Konsolidasian Perseroan                                 a general audit of the Company’s Consolidated Financial
   Tahun Buku 2023 dan periode lainnya dalam Tahun Buku                               Statements for the 2023 Fiscal Year and other periods in
   2023, termasuk Laporan Keuangan Program Pendanaan                                  the 2023 Fiscal Year, including the Micro Small Business
   Usaha Mikro Kecil Tahun Buku 2023;                                                 Funding Program for the 2023 Fiscal Year
2. Memberikan pelimpahan kewenangan kepada Dewan                                2. Granted the delegation of authority to the Company’s
   Komisaris Perseroan untuk menetapkan besaran imbalan                               Board of Commissioners to determine the amount of fees
   jasa audit, penambahan ruang lingkup pekerjaan yang                                for audit services, the required scope of work and other
   diperlukan dan persyaratan lainnya yang wajar bagi Kantor                          reasonable requirements for the Public Accounting Firm;
   Akuntan Publik tersebut;
3. Memberikan wewenang dan kuasa kepada Dewan                                   3. Granted       authority         and       power          to         the   Board   of
   Komisaris    dengan       terlebih         dahulu     mendapatkan                  Commissioners by first obtaining written approval from
   persetujuan tertulis dari Pemegang Saham Seri B                                    the Dwiwarna Series A Shareholders to determine a
   Terbanyak untuk menetapkan Kantor Akuntan Publik                                   replacement Public Accounting Firm in the event that the
   pengganti dalam hal Kantor Akuntan Publik Imelda &                                 Public Accounting Firm Imelda & Rekan (affiliated with
   Rekan (terafiliasi dengan Delloitte) karena sebab apapun                           Deloitte) for any reason is not be able to complete an audit
   tidak dapat menyelesaikan audit atas Laporan Keuangan                              of the Company’s Consolidated Financial Statements
   Konsolidasian Perseroan Tahun Buku 2023 dan periode                                for the 2023 Fiscal Year and other periods in the 2023
   lainnya dalam Tahun Buku 2023, termasuk Laporan                                    Fiscal Year, and the Financial Report for the Micro Small
   Keuangan dan Pelaksanaan Program Pendanaan Usaha                                   Business Funding Program for the 2023 Fiscal Year.
   Mikro Kecil Tahun Buku 2023.


JUMLAH PERIODE AKUNTAN PUBLIK DAN KANTOR                                        NUMBER OF PERIODS PUBLIC ACCOUNTANTS AND PUBLIC
AKUNTAN PUBLIK (KAP) TELAH MELAKUKAN AUDIT                                      ACCOUNTING FIRMS (KAP) AUDITING ANNUAL FINANCIAL
LAPORAN KEUANGAN TAHUNAN                                                        STATEMENTS
Berikut informasi kantor akuntan publik dan akuntan publik                      Information on public accounting firms and public
yang telah memberikan jasa audit dalam 6 (enam) tahun                           accountants providing audit services in the last 6 (six) years
terakhir:                                                                       is as follows:




                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja                 Laporan Manajemen           Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                             Performance Highlights           Management Report           Company Profile        Overview on Business Supports




                                                                             Nilai Kontrak
Audit Tahun Nama Kantor Akuntan                    Nama Akuntan                  (Rp) /    Jangka Waktu                        Layanan Lain yang
  Buku /       Publik / Public                    Publik / Name of             Contract    Audit / Audit                    Diberikan / Other Services
Audit Period  Accounting Firm                    Public Accountant               Value       Fieldwork                              Provided
                                                                                  (IDR)
                                                                                                                     Audit Kepatuhan Terhadap Peraturan
                                                                                                                   Perundang-undangan dan Pengendalian
                                                                                                                  Internal, Audit Key Performance Indicator
                                                Juan Ramon Junius                                    4 bulan /
   2023           Imelda & Rekan                                                  967.000.000                    (KPI) Tahun Buku 2023 / Compliance Audit
                                                     Siahaan                                         months
                                                                                                                  on the Laws and Regulations and Internal
                                                                                                                    Control, Audit on the Key Performance
                                                                                                                    Indicator (KPI) for the 2023 Fiscal Year
                 Amir Abadi Jusuf,                    Donny Iskandar                                 3 bulan /     Audit Interim TW I & TW II Tahun 2022 /
   2022                                                                       650.000.000
                Aryanto, Mawar dan                       Maramis                                     months               Interim Audit QI & QII 2022
                 Amir Abadi Jusuf,                                                                                    Audit Agreed Upon Procedure (AUP)
                                                      Donny Iskandar                                 2 bulan /
    2021        Aryanto, Mawar dan                                            650.000.000                             Pemetaan COA / Audit Agreed Upon
                                                         Maramis                                     months
                      Rekan                                                                                             Procedure (AUP) COA Mapping
                 Amir Abadi Jusuf,
                                                      Donny Iskandar                                 2 bulan /
   2020         Aryanto, Mawar dan                                            650.000.000                                                         -
                                                         Maramis                                     months
                      Rekan
                                                      Abdi Nusantara                                 2 bulan /
    2019        Djoko Sidik & Indra                                           340.000.000                                                         -
                                                        Manihuruk                                    months
                  Herman Dody                     Ahmad Nadhif T,                                    2 bulan /
    2018                                                                      306.000.000
              Tanumihardja & Rekan                M.Ak., CA., CPA                                    months


JASA LAIN                                                                              OTHER SERVICES
Jasa lain yang diberikan oleh Kantor Akuntan Publik kepada                             Other services provided by the Public Accounting FIrm to the
Perusahaan pada tahun buku 2023 yaitu Audit Kepatuhan                                  Company in the 2023 fiscal year is the Compliance Audit on
Terhadap Peraturan Perundang-Undangan & Pengendalian                                   the Laws and Regulations and Internal Control and Audit on
Internal dan Audit Key Performance Indicator (KPI) Tahun                               the Key Performance Indicator (KPI) for the 2023 Fiscal Year
Buku 2023.


EFEKTIVITAS PELAKSANAAN AUDIT OLEH AKUNTAN                                             EFFECTIVENESS OF AUDIT IMPLEMENTATION BY PUBLIC
PUBLIK                                                                                 ACCOUNTANTS
Komite Audit berkoordinasi dengan Internal Audit dalam                                 The Audit Committee coordinates with the Internal Audit
mengkaji efektivitas pelaksanaan audit eksternal. Hal itu                              in reviewing the effectiveness of the external audit. This
dilakukan untuk memastikan bahwa seluruh temuan dapat                                  is conducted to ensure that all findings can be followed
ditindaklanjuti sesuai kewenangan yang ditetapkan, sehingga                            up according to the assigned authority and to improve
dapat meningkatkan kinerja, baik dari segi keuangan maupun                             performance as well, both from a financial and operational
operasional. Perusahaan berupaya menindaklanjuti setiap                                perspective. The Company exerts its efforts to follow up any
temuan pelaksanaan audit oleh Kantor Akuntan Publik,                                   audit findings made by the Public Accounting Firm so as to
sehingga secara efektif mampu menekan temuan - temuan di                               effectively reduce the findings in the following year.
tahun berikutnya.


SISTEM PENGENDALIAN INTERNAL                                                           INTERNAL CONTROL SYSTEM
PENGENDALIAN KEUANGAN DAN OPERASIONAL SERTA                                            FINANCIAL AND OPERATIONAL CONTROL AND
KEPATUHAN TERHADAP PERUNDANG-UNDANGAN                                                  COMPLIANCE WITH OTHER REGULATIONS
LAINNYA
Perusahaan memiliki sistem pengendalian yang bertujuan                                 The control system in the Company aims to increase the
untuk meningkatkan efektivitas dan efisiensi pengendalian                              effectiveness and efficiency of the feasibility control over
kelayakan atas laporan keuangan, operasional, serta                                    financial reports, operations, and compliance with laws and




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                    Management Discussion and Analysis             Good Corporate Governance            Corporate Social and Environmental Responsibility




kepatuhan terhadap peraturan perundang-undangan yang                                   regulations in force in Indonesia. In this case, the Company
berlaku di Indonesia. Dalam hal ini, Perusahaan memiliki                               has a policy related to the Internal Control System which
kebijakan terkait Sistem Pengendalian Internal yang                                    states that the Board of Directors has a role and responsibility
memuat bahwa Direksi berperan dan bertanggung jawab                                    in supervising and directing the implementation of the
dalam mengawasi dan mengarahkan pelaksanaan sistem                                     internal control system (set the tone from the top). The
pengendalian internal (set the tone from the top). Penerapan                           implementation of the Internal Control System by the Board
Sistem Pengendalian Internal oleh Direksi dilakukan melalui                            of Directors is carried out by consistently establishing
penetapan kebijakan pengelolaan Perusahaan, rencana                                    the Company’s management policies, strategic plans and
strategis, dan struktur organisasi secara konsisten serta                              organizational structures as well as complying with applicable
memenuhi kepatuhan terhadap regulasi yang berlaku.                                     regulations.


Sementara itu, Dewan Komisaris berperan dan bertanggung                                Furthermore, the Board of Commissioners has the role
jawab dalam mengawasi pengelolaan Perusahaan oleh                                      and responsibility of overseeing the management of the
Direksi serta memberikan nasihat kepada Direksi termasuk                               Company by the Directors and providing advice to the
pengawasan    terhadap       pelaksanaan                 Rencana      Jangka           Directors including oversight of the implementation of the
Panjang Perusahaan (RJPP), Rencana Kerja dan Anggaran                                  Company’s Long Term Plan (RJPP), Company Work Plan and
Perusahaan (RKAP), ketentuan Anggaran Dasar dan Rapat                                  Budget (RKAP), provisions of the Articles of Association and
Umum Pemegang Saham (RUPS). Dalam melaksanakan tugas                                   General Meeting of Shareholders (GMS). In carrying out these
tersebut, Dewan Komisaris membentuk Komite di bawah                                    tasks, the Board of Commissioners forms Committees under
Dewan Komisaris yakni Komite Audit, Komite Manajemen                                   the Board of Commissioners namely the Audit Committee,
Risiko, dan Komite Nominasi & Remunerasi.                                              Risk Management Committee, and the Nomination &
                                                                                       Remuneration Committee.


Selain itu, Perusahaan juga melibatkan pihak eksternal                                 In addition, the Company also involves other parties, namely
yakni Kantor Akuntan Publik (KAP), lembaga sertifikasi                                 Public Accounting Firms, quality certification bodies, and
mutu, dan regulator sebagai upaya pengendali keuangan                                  regulators as an effort to control finances and operations that
dan operasional. Adapun KAP bertanggung jawab untuk                                    come from external to the Company. The PAF is responsible
melakukan penilaian atas kewajaran laporan keuangan.                                   for providing an assessment of the fairness of the financial
Sementara itu, lembaga sertifikasi mutu bertanggung jawab                              statements. Meanwhile, the quality certification body is
penilaian atas kesesuaian Perusahaan dengan standar mutu                               responsible for providing an assessment of the Company’s
yang telah ditetapkan                                                                  conformity with the established quality standards.


KESESUAIAN SISTEM PENGENDALIAN INTERN DENGAN                                           INTERNAL CONTROL SYSTEM COMPLIANCE WITH
KERANGKA YANG DIAKUI SECARA INTERNASIONAL (COSO–                                       INTERNATIONALLY- RECOGNIZED FRAMEWORK (COSO
INTERNAL CONTROL FRAMEWORK)                                                            INTERNAL CONTROL FRAMEWORK)
Sistem   Pengendalian        Internal         yang         dibentuk         dan        The Internal Control System formed and developed by the
dikembangkan Perusahaan mengacu pada COSO Internal                                     Company refers to the COSO Internal Control Frame Work and
Control Framework dan Peraturan Menteri Badan Usaha Milik                              Regulation of the Ministry of State-Owned Enterprises No.
Negara Nomor PER-2/MBU/03/2023 tentang Pedoman Tata                                    PER-2/MBU/03/2023 of 2024 on Guidelines for Governance
Kelola dan Kegiatan Korporasi Signifikan Badan Usaha Milik                             and Significant Corporate Activities of State-Owned
Negara yang digunakan sebagai acuan dalam pencapaian                                   Enterprises as a reference in achieving the overall Internal
tujuan Pengendalian Internal secara keseluruhan. Direksi                               Control objectives. The Board of Directors must establish
harus menetapkan suatu sistem pengendalian internal yang                               an effective internal control system to safeguard investment
efektif untuk mengamankan investasi dan aset perusahaan.                               and company assets. The components of the Internal Control
Adapun komponen Sistem Pengendalian Internal berdasarkan                               System are based on the COSO concept, including:
konsep COSO, meliputi:




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja                Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights          Management Report      Company Profile      Overview on Business Supports




1. Lingkungan Pengendalian                                                       1. Control Environment
2. Penilaian Risiko                                                              2. Risk Assessment
3. Kegiatan Pengendalian                                                         3. Control Activities
4. Informasi dan Komunikasi)                                                     4. Information and Communication
5. Pemantauan                                                                    5. Monitoring


Berikut implementasi penerapan COSO yang telah diterapkan                        The following is the implementation of COSO that has been
oleh Perusahaan.                                                                 implemented by the Company.
     Komponen /
                                                              Kesesuaian dengan Perusahaan / Company’s Conformity
     Component
                       Lingkungan pengendalian intern dalam Perusahaan yang dilaksanakan dengan disiplin dan terstruktur,
                       yang terdiri dari: / Internal control environment within the Company is implemented in a disciplined and structured
                       manner, which consists of:
    Lingkungan         1. Integritas, nilai etika dan kompetensi karyawan / Integrity, ethical values and competence of employees
Pengendalian / Control 2. Filosofi dan gaya manajemen / Management style and philosophy
    Environment        3. Cara yang ditempuh manajemen dalam melaksanakan kewenangan dan tanggung jawabnya / Method adopted by
                          management in exercising its authority and responsibilities
                       4. Pengorganisasian dan pengembangan sumber daya manusia / Organization and development of human resources
                       5. Perhatian dan arahan yang dilakukan oleh Direksi / Attention and direction provided by the Board of Directors
                         Pengkajian terhadap pengelolaan risiko usaha (risk assessment), yaitu suatu proses untuk mengidentifikasi,
 Penilaian Risiko / Risk
                         menganalisis, menilai pengelolaan risiko yang relevan. / Risk assessment of business management is a process for
      Assessment
                         identifying, analyzing and assessing relevant risk management.
                       Melakukan tindakan-tindakan yang dilakukan dalam suatu proses pengendalian terhadap kegiatan Perusahaan pada
                       setiap tingkat dan unit dalam struktur organisasi BUMN, antara lain mengenai kewenangan, otorisasi, verifikasi,
Aktivitas Pengendalian rekonsiliasi, penilaian atas prestasi kerja, pembagian tugas dan keamanan terhadap aset Perusahaan. / Actions are
  / Control Activities taken in the process of controlling Company activities at every level and unit under SOE organizational structure,
                       including those related to authority, authorization, verification, reconciliation, assessment of work performance,
                       division of tasks and security of Company assets.
     Informasi dan         Menyajikan laporan mengenai kegiatan operasional, finansial, serta ketaatan dan kepatuhan terhadap ketentuan
      Komunikasi /         peraturan perundang-undangan oleh BUMN. / Preparation of reports regarding operational, financial activities, as
    information and        well as compliance and adherence to statutory provisions by SOE.
    Communication
                         Melakukan penilaian terhadap kualitas sistem pengendalian intern, termasuk fungsi internal audit pada setiap
 Aktivitas Pemantauan tingkat dan unit dalam struktur organisasi BUMN sehingga dapat dilaksanakan secara optimal. / Quality assessment
 / Monitoring Activities of internal control system, including the internal audit function at each level and unit in the SOE organizational
                         structure for the purpose of optimal performance.



Selain itu, implementasi Sistem Pengendalian Internal di                         In addition, the implementation of the Company’s Internal
Perusahaan juga menggunakan mekanisme pelaporan atas                             Control System also uses a reporting mechanism for alleged
dugaan penyimpangan sebagaimana diamanahkan pada                                 irregularities as mandated in the Regulation of the Minister
Peraturan Menteri Negara BUMN No. PER-2/MBU/03/2023                              of State-Owned Enterprises No. PER-2/MBU/03/2023. The
Mekanisme        tersebut     adalah         Mekanisme          Pengaduan        mechanism is the Complaint Mechanism (Whistleblowing
(Whistleblowing System) yang digunakan untuk meningkatkan                        System) which is used to improve transparency and
praktik transparansi dan keterbukaan informasi khususnya                         information disclosure practices, especially those related
yang terkait dengan pelaporan pelanggaran, baik yang                             to Whistleblowing both committed by employees and the
dilakukan oleh karyawan maupun manajemen Perusahaan.                             Company’s management.


HASIL EVALUASI ATAS PELAKSANAAN SISTEM                                           ASSESSMENT RESULTS OF THE IMPLEMENTATION OF THE
PENGENDALIAN INTERNAL PADA TAHUN BUKU                                            INTERNAL CONTROL SYSTEM IN THE FISCAL YEAR
Perusahaan senantiasa memastikan penerapan Sistem                                takes great care to ensure the consistent implementation
Pengendalian Internal berjalan dengan optimal sehingga                           of its Internal Control System in order to monitor
efektivitasnya     untuk     mengawasi                Perusahaan.      Sistem    discrepancies and identify opportunities for improvement.




534        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis           Good Corporate Governance           Corporate Social and Environmental Responsibility




Pengendalian    Internal     yang        efektif          dipercaya    dapat          A well-functioning Internal Control System is essential to
membantu Perusahaan dalam meningkatkan kepatuhan                                      enhance the company’s compliance with applicable laws and
Perusahaan terhadap ketentuan dan peraturan perundang-                                regulations.
undangan yang berlaku.


Perusahaan juga senantiasa melakukan peninjauan dan                                   To ensure the safety and soundness of its operations, the
evaluasi terhadap sistem pengendalian internal dalam rangka                           Company regularly reviews and evaluates its systems.
menjamin operasional Perusahaan yang sehat dan aman,                                  Furthermore, it has implemented a Risk-Based Audit policy,
Selain itu, Perusahaan juga menerapkan kebijakan Risk Based                           which involves planning, implementation, and reporting by
Audit sejak proses perencanaan, pelaksanaan dan pelaporan                             the process owner based on strategic risks.
oleh process owner yang didasarkan pada risiko-risiko
strategis.


Melalui Satuan Pengawasan Internal, Perusahaan telah                                  The Internal Audit Unit conducts assessments of the
melakukan penilaian terhadap Sistem Pengendalian Internal                             Internal Control System that applies to all work units of the
pada seluruh unit kerja Perusahaan. Hal itu dilakukan tidak                           Company. This is accomplished not only through routine audit
terbatas melalui mekanisme audit rutin, tetapi juga audit                             mechanisms but also through special audits. The assessment
khusus. Adapun bentuk penilaian Sistem Pengendalian                                   of the Internal Control System is based on audit reports,
Internal dilakukan berdasarkan laporan-laporan hasil audit                            which are then categorized according to target objectives
yang kemudian dikelompokkan sesuai dengan kategori                                    and components in the SPI (COSO framework). Additionally,
sasaran (objectives) dan komponen dalam SPI (kerangka                                 an annual analysis is conducted to identify components
COSO). Selanjutnya, dilakukan analisis secara periodik                                that require improvement. The purpose of this analysis is to
tahunan, sehingga dapat dilakukan peningkatan (improvement)                           measure the effectiveness of achieving SPI targets, such as
untuk komponen yang memerlukannya. Kegiatan analisis                                  Company operations, accuracy and reliability of Company
ini dilakukan dengan tujuan untuk mengukur keefektifan                                reports, and compliance with applicable laws and regulations.
dari pencapaian sasaran SPI (operasional Perusahaan,
keakurasian/keandalan laporan-laporan Perusahaan, serta
kepatuhan terhadap Peraturan dan Perundangan yang
berlaku).


Di tahun 2023, Perusahaan mengevaluasi efektivitas                                    In 2023, the Company evaluated the effectiveness of its
penerapan Sistem Pengendalian Internal atas laporan                                   Internal Control System for the financial statements ending
keuangan Perusahaan yang berakhir pada 31 Desember                                    December 31, 2023, in accordance with the criteria established
2023 sesuai dengan kriteria yang ditetapkan oleh Committee                            by the Committee of Sponsoring Organizations (COSO) of
of Sponsoring Organizations (COSO) of The Treadway                                    The Treadway Commission. Based on this evaluation, the
Commission. Berdasarkan evaluasi tersebut, Perusahaan                                 Company considers its Internal Control System for the
menilai bahwa sistem pengendalian internal atas Laporan                               financial statements ending December 31, 2023 to have
Keuangan Perusahaan yang berakhir pada 31 Desember 2023                               operated effectively.
telah berjalan secara efektif.


PERNYATAAN DIREKSI DAN/ ATAU DEWAN KOMISARIS ATAS                                     STATEMENT OF THE BOARD OF DIRECTORS AND/OR BOARD
KECUKUPAN SISTEM PENGENDALIAN INTERNAL                                                OF COMMISSIONERS ON THE ADEQUACY OF THE INTERNAL
                                                                                      CONTROL SYSTEM
Direksi telah melakukan review terhadap kecukupan Sistem                              The Board of Directors has reviewed the adequacy of the
Pengendalian Internal berkoordinasi dengan Unit Audit                                 Internal Control System in coordination with the Internal
Internal, Auditor Independen dan Komite Audit. Secara                                 Audit Unit, Independent Auditor and Audit Committee.
keseluruhan penerapan Sistem Pengendalian Internal di                                 Overall, the implementation of the Internal Control System in
Perusahaan telah memadai dan selaras dengan kebijakan                                 the Company is adequate and in line with related policies
terkait.


                                                                                                           2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile      Overview on Business Supports




UNIT KERJA MANAJEMEN RISIKO                                                   RISK MANAGEMENT WORK UNIT
Unit Kerja Manajemen Risiko untuk selanjutnya disebut                         The Department of Risk Management is a risk management
Department of Risk Management adalah unit pengelola                           unit of PT Semen Baturaja Tbk which handles corporate risks
manajemen risiko PT Semen Baturaja Tbk yang menangani                         which was formed specifically to facilitate the implementation
risiko korporat yang dibentuk khusus untuk memfasilitasi                      and process of risk management in the Company.
implementasi dan proses manajemen risiko di Perusahaan.


Manajemen Risiko PT Semen Baturaja Tbk diterapkan pada                        PT Semen Baturaja Tbk Risk Management is applied to all
seluruh kegiatan, proses, dan prosedur yang digunakan di                      activities, processes and procedures used in all Work Units
seluruh Unit Kerja Perusahaan serta pihak-pihak yang bekerja                  as well as parties who work for and on behalf of the Company,
untuk dan atas nama Perusahaan, baik secara langsung,                         both directly and indirectly which influence the achievement
maupun     tidak    langsung        yang       berpengaruh       terhadap     of goals and targets.
pencapaian tujuan dan sasaran.


Penerapan Manajemen Risiko Perusahaan dilaksanakan                            The Company’s Risk Management is carried out in all
pada seluruh proses bisnis dan fungsi organisasi yang ada                     business processes and organizational functions covering all
di Perusahaan, yang mencakup seluruh Korporat, Direktorat,                    Corporations, Directorates, Departments, Units and Sections
Department, Unit dan Section dalam organisasi Perusahaan,                     within the Company's organization, Special Team of Board of
Tim Khusus Direksi, Proyek yang ada di lingkungan                             Directors, Projects within the Company and Subsidiaries.
Perusahaan dan Anak Usaha.


Unit kerja manajemen risiko memiliki 2 (dua) Unit yaitu:                      The risk management work unit has 2 (two) units, namely:
1. Unit of Risk Policy & Analytic yang bertanggung jawab                      1. Unit of Risk Policy & Analytics is responsible for
   dalam     pelaksanaan,        perancangan          dan     melakukan          implementing, designing and carrying out continuous
   perbaikan berkelanjutan atas kerangka kerja manajemen                         improvements to the risk management framework
   risiko (kebijakan, prosedur, kriteria risiko dan kertas                       (policies, procedures, risk criteria and working papers),
   –kertas kerja), sarana prasarana pengelolaan risiko,                          risk management infrastructure, and increasing risk
   dan peningkatan kompetenssi manajemen risiko bagi                             management competency for Management and Employees
   Manajemen dan Karyawan, melakukan analisa dan                                 , carry out analysis and provide recommendations on risk
   memberikan rekomendasi atas kajian risiko.                                    studies.
2. Unit of Risk Monitoring & Reporting yang bertanggung                       2. Unit of Risk Monitoring & Reporting is responsible for
   jawab dalam pengembangan profil risiko RJPP dan                               developing RJPP and RKAP risk profiles, preparing
   RKAP, penyusunan profil risiko korporat termasuk                              corporate risk profiles including strategic risks and
   risiko strategis dan risiko proyek CAPEX, profil risiko                       CAPEX project risks, operational risk profiles for each
   operasional dari setiap Departemen dan memonitor                              department and monitoring follow-up handling.
   tindak lanjut penanganannya.




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                     Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis           Good Corporate Governance               Corporate Social and Environmental Responsibility




PROFIL KEPALA MANAJEMEN RISIKO                                                        HEAD OF RISK MANAGEMENT PROFILE


                                                     Warga Negara / Citizenship            Indonesia / Indonesian
                                                     Domisili / Domicile                   Palembang
                                                     Usia / Age                            47 tahun per 31 Desember 2023 / 47 years old as of December 31, 2023
                                                     Tempat, Tanggal Lahir /               Palembang, 16 Mei 1976 / Palembang, May 16, 1976
                                                     Place and Date of Birth
                                                     Riwayat Pendidikan /                  • S2 - Manajamen Keuangan, Universitas Sriwijaya (2017) / Masters in
                                                     Educational Background                  Financial Management, Universitas Sriwijaya (2017)
                                                                                           • S1 - Akuntansi, Universitas Sriwijaya (2000) / Bachelors in
                                                                                             Accounting, Universitas Sriwijaya (2000)
                                                     Riwayat Penunjukan /                  Surat Keputusan Direksi PT Semen Baturaja Tbk No.
                                                     Appointment History                   PH.01.04/031/2023, tanggal 01 Juni 2023/ Board of Directors Decree
                                                                                           No. PH.01.04/031/2023 dated June 1, 2024
                                                     Pengalaman Kerja /                    1. Vice President of Risk Management PT Semen Baturaja Tbk (2023)
Heru Rusdiansyah                                     Professional Experience               2. Vice President Human Resource & General Affair PT Semen
                                                                                               Baturaja Tbk (2022 - 2023)
Vice President of Risk Management                                                          3. Vice President Internal Audit PT Semen Baturaja (Persero) Tbk
                                                                                               (2018 – 2022)
                                                                                           4. Vice President Accounting & Finance PT Semen Baturaja
                                                                                               (Persero) Tbk (2018)
                                                                                           5. Pj. Ka. Departemen Keuangan PT Semen Baturaja (Persero) Tbk
                                                                                               (2016 – 2018) / Acting Head of Finance Department PT Semen
                                                                                               Baturaja (Persero) Tbk (2016 – 2018)
                                                                                           6. Ka. Biro Anggaran dan Analisa Keuangan PT Semen Baturaja
                                                                                               (Persero) Tbk (2007 – 2016) / Head of Bureau of Budget and
                                                                                               Financial Analysis PT Semen Baturaja (Persero) Tbk (2007 – 2016)
                                                                                           7. Pj. Ka. Biro Perbendaharaan, Pajak dan Asuransi PT Semen
                                                                                               Baturaja (Persero) (2006 – 2007) / Acting Head of Treasury, Tax
                                                                                               and Insurance Bureau PT Semen Baturaja (Persero) (2006 – 2007)
                                                                                           8. Ka. Bag. Keuangan Pabrik Panjang PT Semen Baturaja (Persero)
                                                                                               (2005 -2006) / Head of Panjang Plant Sec. PT Semen Baturaja
                                                                                               (Persero) Finance (2005 -2006)
                                                                                           9. Ka. Bag. Keuangan Pabrik Baturaja PT Semen Baturaja (Persero)
                                                                                               (2004 – 2005) / Head of Baturaja Plant Finance Sec. PT Semen
                                                                                               Baturaja (Persero) (2004 – 2005)
                                                                                           10. Ka. Bag. Akuntansi Biaya PT Semen Baturaja (Persero) (2002
                                                                                               – 2004) / Head of Cost Accounting Sec. PT Semen Baturaja
                                                                                               (Persero) (2002 – 2004)
                                                                                           11. Staf Ka. Departemen Keuangan Tingkat Bagian Diperbantukan
                                                                                               pada Bagian Akuntansi Biaya PT Semen Baturaja (Persero) (2001
                                                                                               – 2002) / Staff Head of Section Level Finance Department to the
                                                                                               Cost Accounting Section of PT Semen Baturaja (Persero) (2001 –
                                                                                               2002)
                                                     Hubungan Afiliasi /                   Tidak ada hubungan afiliasi dengan anggota Dewan Komisaris,
                                                     Affiliation                           anggota Direksi lainnya dan Pemegang Saham Utama / No affiliation
                                                                                           with members of the Board of Commissioners, other members of the
                                                                                           Board of Directors and majority shareholders



URAIAN TUGAS DAN TANGGUNG JAWAB                                                       DESCRIPTION OF DUTIES AND RESPONSIBILITIES
Rincian tugas dan tanggung jawab Unit Manajemen Risiko                                Detailed information on duties and responsibilities of the Risk
adalah:                                                                               Management Unit is as follows:
1. Mengelola Penerapan Manajemen Risiko di Perusahaan.                                1. Managing the implementation of Risk Management in the
                                                                                            Company.
2. Menyusun dan mengevaluasi Framework (kerangka kerja)                               2. Developing and evaluating the risk management
   penerapan manajemen risiko sesuai dengan ISO 31000:                                      implementation framework in accordance with ISO
   2018 dan aturan yang berlaku .                                                           31000:2018 and applicable regulations.
3. Menyusun rencana kerja Penerapan Manajemen Risiko.                                 3. Developing a work plan for the implementation of Risk
                                                                                            Management.
4. Menyusun dan mengevaluasi risk appetite dan risk                                   4. Preparing and evaluating risk appetite and risk tolerance
   tolerance statement disesuaikan dengan tingkat budaya                                    statements based on the level of risk awareness culture
   sadar risiko dan kebijakan manajemen risiko.                                             and risk management policies.




                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                Ikhtisar Kinerja             Laporan Manajemen        Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                                Performance Highlights       Management Report        Company Profile     Overview on Business Supports




5. Menyusun dan melaksanakan program untuk peningkatan                           5. Developing and implementing programs to enhance risk
   budaya sadar risiko.                                                               awareness culture.
6. Menyusun rencana pengembangan kompetensi fungsi                               6. Developing a competency development plan for the three
   three lines defense.                                                               lines of defense function.
7. Membuat evaluasi dan rekomendasi atas kajian risiko risk                      7. Evaluating and providing recommendations on risk owner
   owner.                                                                             risk assessment.
8. Melakukan sosialisasi Manajemen Risiko kepada Insan                           8. Disseminating Risk Management information to Semen
   Semen Baturaja.                                                                    Baturaja personnel.
9. Melakukan pendampingan Monitoring Komite Manajemen                            9. Assisting the Monitoring of the Risk Management
   Risiko.                                                                            Committee.
10. Melakukan analisa atas terjadinya losses event & Kajian                      10. Analyzing the occurrence of loss events and conducting
   Risiko.                                                                            risk studies.
11. Memantau dan mengevaluasi pelaksanaan manajemen                              11. Monitoring and evaluating the implementation of Risk
   risiko dalam rangka mencapai tingkat kematangan                                    Management to achieve the specified level of risk
   manajemen risiko yang ditetapkan.                                                  management maturity.
12. Memonitoring atas realisasi Mitigasi Risiko.                                 12. Monitoring the Risk Mitigation realization.
13. Memantau, mereviu dan merevisi peraturan penerapan                           13. Monitoring, reviewing, and revising new Risk Management
   Manajemen Risiko yang baru.                                                        regulations.
14. Berkoordinasi dengan unit terkait dalam melakukan                            14. Coordinating with related units to conduct risk studies
   kajian risiko untuk pembuatan Rencana Kerja Anggaran                               for the preparation of the Company’s Budget Work Plan
   Perusahaan (RKAP) dan Rencana Jangka Panjang                                       (RKAP) and the Company’s Long-Term Plan (RJPP).
   Perusahaan (RJPP).
15. Pendampingan          dan      koordinator           dalam   melakukan       15. Providing assistance and coordination in identifying,
   Identifikasi, Analisis dan Evaluasi Risiko-risiko Korporat                         analyzing, and evaluating corporate and investment risks.
   dan Investasi.


STRUKTUR DAN KEDUDUKAN UNIT MANAJEMEN RISIKO                                     RISK MANAGEMENT UNIT STRUCTURE AND POSITION
Dalam struktur organisasi Perusahaan, Unit Manajemen Risiko                      In    the      Company   organizational             structure,   the   Risk
ditempatkan di bawah Direktorat Keuangan dan SDM sesuai                          Management Unit is positioned under the Directorate of
dengan Surat Keputusan Direksi Nomor PH.01.04/005/2023                           Finance & Risk Management, as per the Board of Directors
tanggal 01 Februari 2023.                                                        Decree No. PH.01.04/005/2023 dated February 1, 2023.




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                        Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis         Good Corporate Governance            Corporate Social and Environmental Responsibility




                                                             Direktur (Fungsi Keuangan dan SDM)
                                                             Director (Finance and HR Department)




                                                              Department of Risk Management




                  Unit of Risk Policy & Analytic                                                       Unit of Risk Monitoring & Reporting




                              Risk Policy & Analytic                                                                  Monitoring & Reporting




JUMLAH KARYAWAN KOMITE ATAU UNIT KERJA                                                 NUMBER OF RISK MANAGEMENT COMMITTEE OR WORK
MANAJEMEN RISIKO                                                                       UNIT EMPLOYEES
Per 31 Desember 2023, Unit Kerja Manajemen Risiko berjumlah                            As of December 31, 2023, the Risk Management Work Unit had
8 (delapan) personel dengan kualifikasi, sebagai berikut:                              8 (eight) personnel with the following qualifications:
  No.       Nama / Name                  Jabatan / Position                                           Pendidikan / Education
   1    Heru Rusdiansyah               Vice President of Risk 1. S2 Manajamen Keuangan, Universitas Sriwijaya (2017) / Masters in Financial
                                           Management            Management, Universitas Sriwijaya (2017)
                                                              2. S1 Akuntansi, Universitas Sriwijaya (2000) / Bachelors in Accounting,
                                                                 Universitas Sriwijaya (2000)
   2    Adlin Melita                  Senior Manager of Risk 1. S2 Magister Sains, Universitas Muhammadiyah Palembang (2008) / Master of
                                        Policy & Analytic       Science, Universitas Muhammadiyah Palembang (2008)
                                                             2. S1 Ekonomi Manajemen, Universitas Sriwijaya (2005) / Bachelors in
                                                                Management Economics, Universitas Sriwijaya (2005)
                                                             3. D3 Administrasi Niaga, Politeknik Negeri Sriwijaya (2003) / Associate Degree
                                                                in Business Administration, Politeknik Negeri Sriwijaya (2003)
   3    Ade Dwi Wijayanto                 Senior Manager of         1. S2 Manajemen, Universitas IGM (2021) / Masters in Management, Universitas
                                          Risk Monitoring &            IGM (2021)
                                              Reporting             2. S1 Teknik Elektro, Universitas Lampung (2010) / Bachelors in Electrical
                                                                       Engineering, Universitas Lampung (2010)
   4    Andri Irawan                      Risk Monitoring &         S1 Ekonomi Manajemen, Universitas Muhammadiyah Palembang (2003) /
                                          Reporting Officer         Bachelors in Management Economics, Universitas Muhammadiyah Palembang
                                                                    (2003)
   5    Riza Aprianto                   Risk Policy & Analytic      S1 Elektro, Universitas Tridinanti Palembang (2016) / Bachelors in Electrical
                                               Officer              Engineering, Universitas Tridinanti Palembang (2016)
                                                                    D3 Listrik, Politeknik Negeri Sriwijaya (2008) / Associate Degree in Electricity,
                                                                    Politeknik Negeri Sriwijaya (2008)
   6    Achmad Azhari                     Risk Monitoring &         S1 Sistem Informasi, Universitas Indo Global Mandiri (2009) / Bachelors in
                                          Reporting Officer         Information Systems, Universitas Indo Global Mandiri (2009)
   7    Arya Febby Widyatama            Risk Policy & Analytic      S1 Teknik Industri, Universitas Kristen Maranatha Bandung (2010) / Bachelors in
                                               Officer              Industrial Engineering, Universitas Kristen Maranatha Bandung (2010)
   8    Bona Maruli Sitohang              Risk Monitoring &         S1 Teknik Mesin, Universitas Sriwijaya (2014) / Bachelors in Mechanical
                                          Reporting Junior          Engineering, Universitas Sriwijaya (2014)
                                               Officer




                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen       Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report       Company Profile        Overview on Business Supports




PROGRAM PENGEMBANGAN KOMPETENSI MANAJEMEN                                      RISK MANAGEMENT COMPETENCY DEVELOPMENT
RISIKO                                                                         PROGRAM
Dalam    rangka      meningkatkan            kompetensi      Unit      Kerja   To enhance the competence of the Risk Management
Manajemen Risiko, Perusahaan memfasilitasi berbagai                            Work Unit, the Company provides customized competency
program pengembangan kompetensi yang disesuaikan                               development programs that align with the growth of its
dengan perkembangan bisnis Perusahaan. Pengembangan                            business. These programs may consist of training sessions,
kompetensi dapat berupa pelatihan, seminar, atau workshop.                     seminars, or workshops.


Rincian realisasi pengembangan kompetensi Kepala Unit                          Details of the Head of the Risk Management Work Unit’s
Kerja Manajemen Risiko disampaikan pada bab “Profil                            competency development progress are provided in the
Perusahaan” yang terdapat dalam laporan tahunan ini.                           “Company Profile” section of this annual report.


Sementara, program pengembangan kompetensi yang diikuti                        The competency development program attended by
oleh personel dalam lingkup organ Unit Kerja Manajemen                         personnel of the Risk Management Work Unit organ in 2023
Risiko di tahun 2023, adalah sebagai berikut:                                  is as follows:
  No.         Pendidikan dan Pelatihan / Education and Training                  Tempat/Tanggal / Place/Date                  Penyelenggara / Organizer
   1.    Program Pengembangan Talenta Berbasis AKHLAK /                        Kantor Pusat PT Semen Baturaja               PT Insan Performa Consultant
         AKHLAK-Based Talent Development Program                                 Tbk / 16-19 Januari 2023 / PT
                                                                               Semen Baturaja Tbk Head Office /
                                                                                     January 16-19, 2023
  2.     Workshop Manajemen Risiko Terintegrasi antara SIG dengan              Kantor Pusat PT Semen Baturaja                   PT Semen Baturaja Tbk
         Anak Perusahaan / Integrated Risk Management Workshop                  Tbk / 27-28 Februari 2023 / PT
         between SIG and Subsidiaries                                          Semen Baturaja Tbk Head Office /
                                                                                    February 27-28, 2023
  3.     Sharing Session Penerapan Manajemen Risiko di PT Semen                Kantor Pusat PT Semen Baturaja                   PT Semen Baturaja Tbk
         Baturaja Tbk / Sharing Session on Implementation of Risk               Tbk / 1 Maret 2023 / PT Semen
         Management at PT Semen Baturaja Tbk                                   Baturaja Tbk Head Office / March
                                                                                            1, 2023
  4.     Sosialisasi Aplikasi Enterprise Risk Management (ERM)                          Virtual / April 2023                                   SIG
         / Dissemination of Enterprise Risk Management (ERM)
         Application
  5.     Training Membangun Budaya Anti Suap SIG / Training to                  Virtual / 05 April 2023 / Virtual /                            SIG
         Build SIG Anti-Bribery Culture                                                   April 05, 2023
  6.     Training Calon Juri SIG Innovation Award / Training for SIG           Virtual / 14 & 18 April 2024 / Virtual                          SIG
         Innovation Award Jury Candidates                                              / April 14 & 18, 2024
   7.    Webinar Launching "Laporan Survei Manajemen Risiko:                    Virtual / 07 Juni 2023 / Virtual /           Indonesia Risk Management
         Konteks Korporasi Indonesia Tahun 2023 / Webinar                                  June 7, 2023                        Professional Association
         Launching "Risk Management Survey Report: Indonesian
         Corporate Context in 2023
  8.     Diskusi Panel GRC Series 2023 / GRC Series 2023 Panel                 Virtual / 6 Juli 2023 / Virtual / July                      MRT Jakarta
         Discussion                                                                           6, 2023
  9.     Pelatihan Tata Kelola (Governance), Risiko (Risk) dan                 Kantor Pusat PT Semen Baturaja                  PT Semen Baturaja Tbk &
         Kepatuhan (Compliance) ) / Governance, Risk and                             Tbk / 24 Juli 2023 /                        BPKP Prov. Sum-Sel
         Compliance Training
  10.    Pelatihan Sertifikasi Manajemen Risiko di bidang Qualified            Hotel Neo Tendean Jakarta / 13-14                             CRMS
         Risk Governance Professional (QRGP), Qualified Chief Risk               September 202 / Neo Tendean
         Officer (QCRO) dan Qualified Risk Management Profesional               Hotel Jakarta / September 13-14
         (QRMP) / / Risk Management Certification Training in the                             202
         fields of Qualified Risk Governance Professional (QRGP),
         Qualified Chief Risk Officer (QCRO) and Qualified Risk
         Management Professional (QRMP)
  11.    Ujian Sertifikasi Manajemen Risiko di Bidang Qualified Risk              Kantor LSP MKS Jakarta / 15                               LSP-MKS
         Governance Professional (QRGP), Qualified Chief Risk Officer             September 2023 / LSP MKS
         (QCRO) dan Qualified Risk Management Profesional (QRMP)                 Jakarta Office / September 15,
         / Risk Management Certification Exam in the Fields of                                2023
         Qualified Risk Governance Professional (QRGP), Qualified
         Chief Risk Officer (QCRO) and Qualified Risk Management
         Professional (QRMP)



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                        Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis   Good Corporate Governance               Corporate Social and Environmental Responsibility




Sertifikasi Sebagai Profesi Manajemen Risiko                                     Professional Risk Management Certification
                                                                                                                                                          Peserta /
  No.                Sertifikasi / Certification                                      Penyelenggara / Organizer
                                                                                                                                                         Participant
                                                             Lembaga Sertifikasi Profesi Manajemen Risiko (LSP-MKS) /
   1      Qualified Chief Risk Officer (QCRO)                                                                                                                 1
                                                             Risk Management Professional Certification (LSP-MKS)
                                                             Lembaga Sertifikasi Profesi Manajemen Risiko (LSP-MKS) /
   2      Qualified Risk Governance Professional (QRGP)                                                                                                       1
                                                             Risk Management Professional Certification (LSP-MKS)
                                                             Lembaga Sertifikasi Profesi Manajemen Risiko (LSP-MKS) /
   3      Qualified Risk Management Professional (QRMP)                                                                                                      3
                                                             Risk Management Professional Certification (LSP-MKS)
          Enterprises Risk Management Certified
   4                                                         Enterprise Risk Management Accademy (ERMA)                                                      2
          Profesional (ERMCP)
                                                             Lembaga Sertifikasi Profesi Manajemen Risiko LSP-PM /
   5      Certified Risk Associate (CRA)                                                                                                                     2
                                                             Risk Management Professional Certification LSP-PM



PELAKSANAAN TUGAS UNIT MANAJEMEN RISIKO                                          IMPLEMENTATION OF RISK MANAGEMENT UNIT DUTIES
Sepanjang tahun 2023, Unit Kerja Manajemen Risiko telah                          Throughout 2023, the Risk Management Work Unit has
melaksanakan kegiatannya sesuai dengan program kerja                             carried out its activities in accordance with the planned work
yang telah direncanakan. Berikut adalah uraian singkat                           program. Brief description of the implementation of duties in
pelaksanaan tugas yang dilakukan pada tahun buku:                                the fiscal year can be seen as follows:
1. Melakukan penyelarasan pedoman, Standar Operasional                           1. Aligning guidelines, Standard Operating Procedures
   Prosedur (SOP), kebijakan dan road map terintegrasi                                 (SOP), policies and integrated road maps with GIS.
   dengan SIG.
2. Sosialisasi penyesuaian prosedur Manajemen Risiko dan                         2. Disseminating           adjustments                to      Risk       Management
   profil risiko korporat Tahun 2023 ke masing-masing risk                             procedures and corporate risk profiles for 2023 to each
   owner.                                                                              risk owner.
3. Integrasi Bersama SIG tentang penyelarasan laporan risk                       3. Integrating SIG with alignment of risk movement reports
   movement dan rapat tim IMO dengan manajemen risiko                                  and IMO team meetings with SIG risk management.
   SIG.
4. Piloting Business Continuity Management System (BCMS)                         4. Piloting Business Continuity Management System (BCMS)
   Bersama SIG dengan Anak Perusahaan dengan PT Semen                                  Together with SIG and Subsidiaries with PT Semen
   Baturaja Tbk sebagai tuan rumah                                                     Baturaja Tbk as the host.
5. Rapat koordinasi penyusunan program kerja ERM dan                             5. Holding coordination meeting for the preparation of the
   pengembangan BCMS SIG & AP.                                                         ERM work program and development of BCMS SIG & AP.
6. Pengembangan aplikasi ERM dalam tahapan persiapan                             6. Developing ERM application in the preparation stage for
   pengumpulan data pendukung dan penyesuaian kriteria                                 collecting supporting data and adapting criteria to GIS.
   ke SIG.
7. Pelaksanaan sosialisasi penyesuaian SOP Penerapan                             7. Implementing socialization of adjustments to the SOP for
   Manajemen Risiko dan Profil Risiko Korporat tahun 2023                              the Implementation of Risk Management and Corporate
   ke seluruh Unit Kerja.                                                              Risk Profile in 2023 to all Work Units.
8. Pelaksanaan workshop manajemen risiko terintegrasi                            8. Implementing integrated risk management workshops
   antara SIG dengan Anak Perusahaan.                                                  between SIG and Subsidiaries.
9. Sosialisasi aplikasi Enterprise Risk Management (ERM)                         9. Socializing the Enterprise Risk Management (ERM)
   oleh SIG.                                                                           application by SIG.
10. Melakukan Focus Group Discussion (FGD) dengan Komite                         10. Conducting a Focus Group Discussion (FGD) with the
   Manajemen Risiko, Komite Audit dan Pemilik Risiko                                   Risk Management Committee, Audit Committee and Risk
   dengan agenda pembahasan evaluasi dan reviu Risiko                                  Owners with the agenda of discussing the evaluation and
   Korporat Tahun 2023.                                                                review of Corporate Risk in 2023.




                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja              Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights        Management Report      Company Profile      Overview on Business Supports




11. Sertifikasi Profesi Manajemen Risiko Qualified Risk                        11. Holding Risk Management Professional Certification
   Governance Professional (QRGP) untuk VP of Risk                                Qualified Risk Governance Professional (QRGP) for VP of
   Management dan Komite Manajemen Risiko pada periode                            Risk Management and Risk Management Committee in
   September 2023.                                                                September 2023.
12. Penyusunan kajian risiko dan losses event.                                 12. Preparing risk studies and event losses.
13. Review prosedur terkait manajemen risiko.                                  13. Reviewing procedures related to risk management.
14. Membuat laporan Monitoring Mitigasi Risiko RKAP                            14. Preparing a Risk Mitigation Monitoring report for
   Korporat Triwulan I, II, III dan IV tahun 2023 yang telah                      Corporate RKAP Quarters I, II, III and IV 2023 which has
   dilaporkan kepada Direksi dan Dewan Komisaris pada                             been reported to the Board of Directors and Board of
   bulan April 2023, Juli 2023, Oktober 2023 dan Januari                          Commissioners in April 2023, July 2023, October 2023
   2024.                                                                          and January 2024.
15. Sertifikasi Profesi Manajemen Risiko Qualified Chief Risk                  15. Having Risk Management Professional Certification
   Officer (QCRO) untuk SM of Risk Monitoring & Reporting                         Qualified Chief Risk Officer (QCRO) for SM of Risk
   pada periode Oktober 2023.                                                     Monitoring & Reporting in the period October 2023.
16. Melakukan Focus Group Discussion (FGD) bersama vice                        16. Conducting a Focus Group Discussion (FGD) with the vice
   president melalui rapat koordinasi Rencana Kerja dan                           president through a 2024 Company Work Plan and Budget
   Anggaran Perusahaan (RKAP) tahun 2024.                                         (RKAP) coordination meeting.
17. Pelaksanaan Focus Group Discussion (FGD) Penyusunan                        17. Implementing       Focus      Group         Discussion   (FGD)   on
   Profil Risiko Korporat Tahun 2024.                                             Preparation of Corporate Risk Profiles in 2024.
18. Sertifikasi Profesi Manajemen Risiko Qualified Risk                        18. Having Risk Management Professional Certification on
   Management Profesional (QRMP) untuk Risk Monitoring &                          Qualified Risk Management Professional (QRMP) for Risk
   Reporting Junior Officer pada periode November 2023.                           Monitoring & Reporting Junior Officers in the period
                                                                                  November 2023.
19. Kick off Meeting terkait Jasa Konsultasi Pengembangan                      19. Kick off Meeting related to Consultation Services for
   Business Continuity Management System (BCMS) Induk                             Development of Main Business Continuity Management
   dan AP Semen di SIG Group dengan Konsultan.                                    System (BCMS) and AP Cement at SIG Group with
                                                                                  Consultants.
20. Memastikan risiko dikelola dengan baik dan memonitoring                    20. Ensuring risks are managed well and monitor the
   efektivitas mitigasi risiko unit kerja sesuai dengan                           effectiveness of work unit risk mitigation in accordance
   rencana penanganan yang dibuat.                                                with the handling plans created.


MEKANISME PENGANGKATAN DAN PEMBERHENTIAN UNIT                                  RISK MANAGEMENT WORK UNIT APPOINTMENT AND
KERJA MANAJEMEN RISIKO                                                         DISMISSAL MECHANISM
Kepala   unit    kerja     manajemen             risiko   diangkat       dan   The appointment and dismissal of the head of the risk
diberhentikan oleh Direktur melalui surat keputusan Direksi                    management work unit is made through a Director decree
Perusahaan.                                                                    issued by the Company’s Board of Directors.


SISTEM MANAJEMEN RISIKO PERUSAHAAN                                             RISK MANAGEMENT SYSTEM
Bagi Perseroan, risiko merupakan hal fundamental yang harus                    Risk management is a critical matter that requires effective
dikelola agar tidak menimbulkan dampak berkepanjangan                          management to avoid potential impacts that could harm
yang berpengaruh terhadap stabilitas dan kelancaran                            the Company’s performance and stability. To this end, the
kinerja Perseroan. Oleh karena itu, sejak dini Perseroan                       Company has developed an integrated Risk Management
telah mengembangkan Sistem Manajemen Risiko yang                               System that involves all work units from the outset. This
terintegrasi di tingkat korporasi dengan melibatkan masing-                    system is an essential part of the Company’s long-term
masing satuan kerja. Pengembangan Sistem Manajemen                             strategy, and a dedicated team has been formed to ensure
Risiko merupakan bagian tak terpisahkan dari strategi jangka                   its effectiveness. The team conducts various risk analysis
panjang Perseroan yang diantaranya melalui pembentukan                         activities, including Risk Identification, Measurement,
Tim. Kegiatan analisis risiko Perseroan meliputi kegiatan                      Mapping, and Recommendations, to mitigate potential risks.
Identifikasi, Pengukuran, Pemetaan dan Rekomendasi Risiko


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                      Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




DASAR PENERAPAN MANAJEMEN RISIKO DI PERUSAHAAN                                 BASIS OF RISK MANAGEMENT IMPLEMENTATION AT THE
                                                                               COMPANY
Penerapan Manajemen Risiko PT Semen Baturaja Tbk,                              Implementation of PT Semen Baturaja Tbk Risk Management,
mengacu pada Peraturan Menteri Badan Usaha Milik Negara                        refers to Regulation of the Minister of State-Owned
Nomor PER-2/MBU/03/2023 Tahun 2023 tentang Pedoman                             Enterprises Number PER-2/MBU/03/2023 of 2023 on
Tata Kelola dan Kegiatan Korporasi Signifikan Badan Usaha                      Guidelines for Governance and Significant Corporate
Milik Negara.                                                                  Activities of State-Owned Enterprises.


PT Semen Baturaja Tbk sebagai anak perusahaan BUMN                             PT Semen Baturaja Tbk as a SOE subsidiary is faced with
dihadapkan pada risiko bisnis yang bersumber dari                              business risks originating from external and internal factors
lingkungan eksternal maupun internal yang berkaitan dengan                     related to its business management. In order to minimize risks
pengelolaan usahanya. Dalam rangka meminimalkan risiko                         that impact the achievement of the Company's objectives.
yang berdampak pada pencapaian tujuan Perseroan.


Di dalam implementasinya, Perusahaan mempunyai dasar                           For the Risk Management implementation, the Company
penerapan Manajemen Risiko seperti:                                            refers to:
1. Pedoman Manajemen Risiko berdasarkan ISO 31000:2018                         1. Risk Management Guidelines based on ISO 31000:2018
2. Roadmap Manajemen Risiko                                                    2. Risk Management Roadmap
3. SOP Penerapan Manajemen Risiko                                              3. SOP for Implementing Risk Management
4. Piagam Manajemen Risiko                                                     4. Risk Management Charter
5. Kebijakan Manajemen Risiko                                                  5. Risk Management Policy


PEDOMAN MANAJEMEN RISIKO                                                       RISK MANAGEMENT GUIDELINES
Unit Manajemen Risiko memiliki Pedoman Manajemen                               The Risk Management Unit operates in accordance with Risk
Risiko (Risk Management Guidelines) sebagai pedoman kerja                      Management Guidelines outlined in the Board Manual. This
dalam melaksanakan tugasnya. Pedoman ini terakhir telah                        guide was recently updated in 2022 and was approved by
diperbaharui dan disahkan melalui Surat Keputusan Direksi                      through PT Semen Baturaja Tbk Board of Directors Decree
PT Semen Baturaja Tbk No. PH.01.04/0061.A/2022 tanggal 01                      No. PH.01.04/0061.A/2022, issued on July 01, 2022. The Risk
Juli 2022. Pedoman Manajemen Risiko merupakan pedoman                          Management Guidelines provide a comprehensive framework
yang berisi mengenai bagaimana penerapan Manajemen                             for implementing effective risk management practices within
Risiko di Perusahaan secara efektif mulai dari kebijakan,                      the Company. This includes policies, procedures, systematic
prosedur dan praktik manajemen yang bersifat sistematis                        management          practices,             communication,              consulting
atas aktivitas komunikasi dan konsultasi, penetapan konteks,                   activities, context setting, risk identification, risk analysis,
identifikasi risiko, analisis risiko, evaluasi risiko, penanganan              risk evaluation, risk management, monitoring, and review.
risiko serta pemantauan dan review. Hal-hal yang dimuat di                     The matters contained in the Risk Management Guidelines
dalam Pedoman Manajemen Risiko adalah:                                         are:
1. BAB I Pendahuluan: Latar belakang, Tujuan dan Manfaat,                      1. CHAPTER I Introduction: Background, Objectives and
   Wujud Penerapan Manajemen Risiko, Ruang Lingkup,                                  Benefits, Forms of Implementation of Risk Management,
   Referensi dan Definisi.                                                           Scope, References and Definitions.
2. BAB II Profil Perusahaan dan Organisasi Manajemen                           2. CHAPTER II Company Profile and Risk Management
   Risiko: Sejarah, Visi Misi Perusahaan, Budaya Perusahaan                          Organization: History, Company Vision and Mission,
   dan Organisasi Manajemen Risiko.                                                  Corporate Culture and Risk Management Organization.
3. BAB III Sistem Manajemen Risiko SMBR: Prinsip, Kerangka                     3. CHAPTER III SMBR Risk Management System: Principles,
   Kerja, Proses Penerapan, Dokumentasi Penerapan dan                                Framework, Implementation Process, Implementation
   Three Lines of Defense dalam Manajemen Risiko.                                    Documentation and Three Lines of Defense in Risk
                                                                                     Management.
4. BAB IV Pelaporan: Sistem, Jenis dan Periode Pelaporan.                      4. CHAPTER IV Reporting: System, Type and Period of
                                                                                     Reporting.
5. BAB V Penutup                                                               5. CHAPTER V Closing.


                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja              Laporan Manajemen       Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                              Performance Highlights        Management Report       Company Profile     Overview on Business Supports




STRATEGI MANAJEMEN RISIKO                                                       RISK MANAGEMENT STRATEGY
Berikut merupakan Roadmap Manajemen Risiko Perusahaan                           The following is the Company's Risk Management Roadmap
dari tahun 2023 sampai dengan 2025 yang dijelaskan pada                         from 2023 to 2025 which is described in the chart below:
grafik di bawah ini:


                                                               Roadmap Manajemen RIsiko
                                                               Risk Management Roadmap


     STANDARDIZATION & RESILENCE                                     RISK INTELLEGENT                                     RISK LEADERSHIP

 1. Penyelarasan Aspek Tata Kelola dengan SIG /          1. Pemodelan Risiko / Risk Modeling            1. Integrasi sistem manajemen risiko dengan
    Alignment of Governance Aspects with SIG             2. Early Warning System (EWS)                     sistem pengelolaan kinerja / Integration of
 2. Risk Maturity Index (RMI) 4,46                       3. Risk Maturity Index (RMI) 4,96                 risk management systems with performance
                                                         4. Implementasi Business Continuity               management systems
                                                            Management (BCM) / Implementation of        2. Risk Maturity Index (RMI) 5,00
                                                            Business Continuity Management (BCM)        3. Business Continuity Management System
                                                                                                           (BCMS) ISO 22301:2019/ Implementation of
                                                                                                           Business Continuity Management (BCM)




                2023                                                    2024                                                2025
Tingkat Kematangan Implementasi Manajemen Risiko 2023                           Risk Management Maturity Level in 2023
Pengukuran        tingkat      kematangan              dalam     penerapan      Risk management maturity level in the 2023 Fiscal year still
manajemen risiko Perusahaan Tahun Buku 2023 masih                               refers to the score in the 2022 Fiscal year in accordance
mengacu pada skor pada Tahun Buku 2022 sesuai dengan                            with the policy of PT Semen Indonesia (Persero) Tbk, that
kebijakan dari PT Semen Indonesia (Persero) Tbk, bahwa                          the measurement of the maturity level in implementing risk
pengukuran        tingkat      kematangan              dalam     penerapan      management for the 2023 Fiscal year will be carried out in
manajemen risiko Tahun Buku 2023 akan dilaksanakan pada                         2024.
Tahun 2024.


Berikut hasil pencapaian skor tingkat kematangan yang                           The results of maturity level score coordinated by the
dikoordinir oleh Department of Internal Audit melalui                           Department of Internal Audit through the Independent
Konsultan Independen PT Berkah Semesta Konsultama yaitu                         Consultant PT Berkah Semesta Konsultama are in the
dengan kualifikasi Transformed (Matang) dan pencapaian                          Transformed qualification with a maturity score of 4.22 (four
skor kematangan 4,22 (empat koma dua puluh dua), dengan                         point twenty two), with details in the table below:
perincian pada tabel di bawah ini:




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                      Analisis dan Pembahasan Manajemen     Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis    Good Corporate Governance            Corporate Social and Environmental Responsibility




Hasil Penilaian Profil Risiko 2022                                              2023 Risk Profile Assessment Results
                                                                                                      Tingkat Kematangan
                                                                                                                                                      Predikat /
                  Komponen Pengukuran / Measurement Components                                      (Dalam Angka) / Maturity
                                                                                                                                                      Predicate
                                                                                                        Level (in Figures)
Tata Kelola Manajemen Risiko / Risk Management Planning                                                              4,64
Perencanaan Manajemen Risiko / Risk Management Planning                                                              4,55
Pelaksanaan Tahapan Manajemen Risiko / Implementation of Risk Management Stages                                      4,37
                                                                                                                                                     Transformed/
Pemantauan dan Evaluasi Manajemen Risiko / Monitoring and Evaluation of risk                                                                            Matang
                                                                                                                     4,08
Management
Budaya Risiko / Risk Culture                                                                                         3,47
Rata-Rata / Average                                                                                                 4,22


Dari hasil pencapaian skor tersebut mencerminkan bahwa                          The results of the measurements indicate that the Company
Perusahaan telah memulai untuk mengenali budaya sadar                           has made significant progress in cultivating a risk-aware
risiko, faktor positif utama. Selain itu, Perusahaan telah                      culture, which is a positive factor. It has implemented various
melaksanakan langkah-langkah substansial mitigasi untuk                         measures to mitigate performance and financial risks,
risiko kinerja dan risiko tingkat kesehatan keuangan utamanya                   primarily through efficient operations, expansion efforts,
melalui langkah efisiensi, upaya perluasan pemasaran,                           debt collection, and safety programs. To further enhance the
penagihan piutang macet serta konsistensi dalam program                         risk culture, ongoing support from the Board of Directors and
keselamatan kerja, untuk terus meningkatkan budaya risiko                       consultation from the Risk Management unit to risk owners
di masa yang akan datang. Oleh karena itu, perlu dukungan                       are necessary.
yang konsisten dari Direksi serta peran konsultasi dari unit
kerja Manajemen Risiko kepada para risk owner .


Perkembangan Tingkat Kematangan Penerapan Manajemen                             Below is a graphical representation of the Company’s Risk
Risiko Perseroan, dijelaskan pada grafik di bawah ini:                          Management Implementation Maturity Level development:



                                        Pencapaian Maturity Level Assessment (2018-2022)
                                       Achievement of Maturity Level Assessment (2018-2022)


5                                                                                                                                     Transformed / Managed
             Kurang Matang / Siloed                                             Cukup Matang / Managed

4
                                                                             3,32                                                                    4,22

3                                                                                                          3,46
              2,38                               3,09

2
                                                                                                             Cukup Matang / Managed

                                            Cukup Matang / Managed
1


0
               2018                             2019                        2020                           2021                                      2022




                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen          Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report          Company Profile     Overview on Business Supports




TANTANGAN MANAJEMEN RISIKO PERUSAHAAN                                            RISK MANAGEMENT CHALLENGES
Dalam menerapkan Manajemen Risiko, Perusahaan akan                               In implementing Risk Management, the Company will
menemukan beberapa hambatan yang akan berdampak pada                             encounter several obstacles that will impact the achievement
pencapaian Tujuan dan Sasaran Perusahaan, di antaranya:                          of the Company's Goals and Targets, including:
1. Tingkat awareness (sadar budaya risiko) di Perusahaan                         1. The level of awareness regarding the importance of Risk
   terhadap pentingnya Manajemen Risiko yang masih                                     Management in the Company’s risk culture is still low.
   rendah.
2. Tantangan terbesar kedua adalah masalah kompetensi                            2. The second biggest challenge is the inadequate
   sumber daya manusia yang memahami Manajemen Risiko                                  understanding of Risk Management among human
   masih belum memadai.                                                                resources, resulting in a competence problem.
3. Besarnya Struktur Organisasi yang terbagi dalam 3                             3. The size of the organizational structure, which is divided
   wilayah Operasional dan 1 wilayah Kantor Perwakilan,                                into 3 operational areas and 1 representative office area,
   membutuhkan waktu yang cukup lama dalam melakukan                                   requires coordination and preparation, which can be
   koordinasi terkait Penyusunan, Pelaporan dan sebagainya.                            time-consuming.
4. Pengukuran dan Pelaporan risiko operasional belum                             4. Risk measurement and reporting are not yet effective and
   efektif dan konsisten.                                                              consistent.
5. Keterbatasan Anggaran di dalam melaksanakan mitigasi                          5. Budget limitations in carrying out risk mitigation
   risiko                                                                              measures.
6. Penerapan format business continuity management.                              6. Application of a business continuity management format
                                                                                       may present challenges.


RISIKO-RISIKO YANG DIHADAPI PERUSAHAAN (PROFIL                                   RISKS FACED BY THE COMPANY (RISK PROFILE)
RISIKO)
Perusahaan mengidentifikasi Risiko Korporat tahun 2023                           The Company has identified its Corporate Risks for 2022. This
yang disusun mulai Bulan September sampai dengan                                 process took place from September to December 2021 and
Desember 2023, dengan kerangka kerja penyusunan Profil                           followed the framework for compiling a risk profile based on
Risiko yang dilakukan Perusahaan berbasis ISO 31000, dengan                      ISO 31000. The stages involved
tahapan sebagai berikut:


                                                                     ESTABLISH CONTEXT
                                                               e.g. Internal & External Factors
                                                                        /Risk Appetite
                                                                                                               Business Model,
                                                                                                              Business Process
                                                                                                                 dan RKAP

                                                                        IDENTIFY RISKS

                                                                                                                Focused Group
                                                                                                                 Discussion by

          COMMUNICATE &                                                ANALYSIS RISKS
                                                                                                                                           Monitoring
             CONSULT                                             Likelihood & Impact Existing
                                                                                                                                           & Review
                                                                           Controls
                                                                                                                  Alignment
                                                                                                                Process with all
                                                                                                                   Clusters
                                                                       EVALUATE RISK
                                                                    Prioritise - Risk Profile
                                                                                          2
                                                                                                                  Consult with
                                                                                                                  Risk Owners
                                                                          TREAT RISKS
                                                                     e.g. Establish Control
                                                                                         2




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                    Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




Dari hasil kajian, pembahasan, komunikasi dan Focus Group                    After conducting several studies, discussions, and Focus
Discusion (FGD) yang dilakukan menghasilkan profil risiko                    Group Discussions (FGD), the company has produced 10
korporat sebanyak 9 (Sembilan) Profil Risiko pada awal tahun                 corporate risk profiles for the early 2022 period. These
2023, berikut hasil kajian risiko korporat terkait Rencana                   corporate risk profiles are based on the 2022 Corporate
Kerja Anggaran Perusahaan (RKAP) 2023 dan rencana tindak                     Budget Work Plan (RKAP) and will be followed up as follows:
lanjutnya yang dijelaskan sebagai berikut:
1. Risiko Ketidaktercapaian Target Penjualan Semen dan                       1. Risk of Not Achieving Cement Sales Targets and Average
   harga jual rata-rata Tahun 2023                                                 Selling Prices In 2023
   Dengan menjalankan Cost Efisiensi Program, Biaya                                By running the Cost Efficiency Program, Operational
   Operational Excellence Program, melakukan monitoring                            Costs Excellence Program, monitoring the quality of
   kualitas untuk bahan baku dan bahan penolong dalam                              raw materials and auxiliary materials in the acceptance
   proses penerimaan, optimalisasi penggunaan aditif untuk                         process, optimizing the use of additives to improve
   meningkatkan kualitas semen, pemantauan kualitas                                cement quality, monitoring cement quality, planning to
   semen, rencana penanganan kendala Pendistribusian                               handle obstacles in cement distribution, coordinating
   semen, berkoordinasi dengan pemerintah dan menjaga                              with the government and maintaining the availability of
   Ketersediaan Pasokan Semen. Selain itu, memastikan                              cement supplies. Furthermore, ensuring the condition
   kondisi peralatan tetap terjaga untuk beroperasi dengan                         of the equipment is maintained for proper operations,
   baik, memastikan kebutuhan angkutan untuk Franco                                ensuring that Franco's transportation needs are met
   terpenuhi sesuai rencana, mengoptimalkan peran MIA                              according to plan, optimizing the role of MIA and PIC
   dan PIC sales area untuk pendataan dan evaluasi kondisi                         sales area to collect data and evaluate market conditions
   pasar di seluruh wilayah penjualan Semen Baturaja.                              throughout the Baturaja cement sales area. The next
   Berikutnya, memaksimalkan surveyor untuk melakukan                              stage is to maximize surveyors to carry out surveys via the
   survei melalui aplikasi, bekerja sama dengan PIC,                               application, work together with PIC, ensure expeditors
   memastikan ekspeditor telah melakukan pemasangan                                have installed and monitored tracking equipment in each
   dan pemantauan alat tracking pada setiap armadanya,                             fleet, and ensure cement distribution according to orders
   serta memastikan pendistribusian semen sesuai order                             through shop surveys by the PIC sales area.
   melalui survei ke toko oleh PIC sales area.
2. Risiko Kurangnya ketersediaan cadangan Bahan Baku                         2. Risk of Inadequate Availability of Reserves of Main
   Utama (Batu Kapur dan Tanah Liat) untuk memenuhi                                Raw Materials (Limestone and Clay) To Meet Cement
   produksi Semen                                                                  Production
   Dengan melakukan penambangan batu kapur & tanah                                 By carrying out limestone & clay mining optimally in T1,
   liat secara optimal di T1, melakukan peningkatan status                         increasing the status of IUP OP for T2 clay, accelerating
   IUP OP tanah liat T2, percepatan pembebasan lahan                               land acquisition for T2 by forming a special team for land
   T2 dengan membentuk tim khusus pembebasan lahan,                                acquisition, accelerating the increase in IUP status for
   percepatan peningkatan status IUP operasi produksi                              T3 limestone production operations, accelerating the
   batu kapur T3, percepatan pembangunan infrastruktur                             development of infrastructure and mining supporting
   dan fasilitas penunjang tambang T3 dan berkoordinasi                            facilities T3 and coordinate with cross-divisions and
   dengan lintas divisi dan instansi terkait (KLHK, KESDM,                         related agencies (KLHK, KESDM, BKPM, PTSP)
   BKPM, PTSP)
3. Risiko Hasil Pemeriksaan pajak kurang bayar dan atau                      3. Risk of Underpayment of Tax Audit Results and/or
   timbulnya denda Pajak                                                           Incurring Tax Fines
   Dengan melakukan peningkatan pemahaman mengenai                                 By increasing understanding of taxation by means
   perpajakan dengan cara training, koordinasi, dan diskusi                        of training, coordination and discussions, following
   Mengikuti Sosialisasi, webinar tentang aturan perpajakan,                       socialization, webinars on tax regulations, collaborating
   Menjalin kerja sama dengan pihak ketiga/konsultan pajak                         with third parties/tax consultants who are competent and
   yang kompeten dan berpengalaman untuk mendampingi                               experienced to accompany the audit process and fulfill
   proses pemeriksaan serta Pemenuhan data pemeriksaan                             audit data by the DJP as requested.
   oleh DJP sesuai dengan yang diminta.




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                               Performance Highlights          Management Report       Company Profile     Overview on Business Supports




4. Risiko Tidak terpenuhinya kepatuhan terhadap regulasi                            4. Risk of non-compliance with Government laws and
   dan peraturan Pemerintah                                                            regulations
   Dengan        melakukan        Pengelolaan             lingkungan        hijau      By carrying out sustainable green environmental
   secara berkelanjutan, Pengurangan Emisi Karbon dan                                  management, reducing carbon emissions and increasing
   Peningkatan Pemanfaatan Alternative Fuel and Raw                                    the use of alternatives Fuel and Raw Materials (AFR).
   Material (AFR).
5. Risiko Belum optimalnya peningkatan & pemberdayaan                               5. Risk of non-optimal Talent increase and empowerment
   Talent
   Dengan memberikan pembekalan kepada para talent                                     By providing training to talents such as coaching before
   seperti Coaching sebelum melaksanakan program                                       implementing the SMBR Talent development program,
   pengembangan Talent SMBR baik melibatkan Konsultan                                  whether involving consultants or special assignments
   maupun penugasan khusus yang diberikan, memastikan                                  given, ensuring that each talent candidate whose
   setiap      kandidat      talent       yang          akan   dikembangkan            competency will be developed follows the entire series of
   kompetensinya untuk mengikuti seluruh rangkaian proses                              talent development processes, completing the needs of
   pengembangan talenta, melengkapi kebutuhan Bank                                     the Data Bank related to SMBR Talent such as education,
   Data terkait Talent SMBR seperti pendidikan pelatihan,                              training, position history, performance achievements,
   riwayat jabatan, pencapaian kinerja dll, serta membuat                              etc., as well as planning talent development schedules
   perencanaan jadwal pengembangan talent dan memantau                                 and monitoring the realization of each talent development
   realisasi dari setiap aktivitas pengembangan talent.                                activity.
6. Risiko Pengembangan Teknologi Informasi tidak sesuai                             6. Risk of Information Technology Development not in
   dengan Master Plan IT                                                               accordance with the IT Master Plan
   Dengan melakukan Pengembangan IT sesuai dengan                                      By carrying out IT development in accordance with the
   Master Plan teknologi dan Pengembangan kultur digital                               technology master plan and developing digital culture in
   dilingkungan kerja.                                                                 the work environment.
7. Risiko Pelanggaran aturan Perusahaan oleh Karyawan                               7. Risk of Violation of Company regulations by Employees
   yang terindikasi Kecurangan/ Fraud.                                                 which is indicated as Fraud.
   Dengan melakukan Monitoring & Evaluasi Implementasi                                 By regularly monitoring & evaluating the implementation
   Budaya Perusahaan (AKHLAK) secara berkala, sosialisasi                              of Corporate Culture (AKHLAK), disseminating Fraud/
   Fraud/Gratifikasi/Suap serta etika dan perilaku karyawan                            Gratuity/Bribery as well as employee ethics and
   terhadap Fraud/Gratifikasi/Suap secara efektif dan                                  behavior towards Fraud/Gratuity/Bribery effectively and
   berkala ke seluruh karyawan serta sanksi dan Program                                periodically to all employees as well as sanctions and
   Pengendalian          Gratifikasi,        melakukan         pengawasan/             Gratuity Control Programs, carrying out supervision/
   pemeriksaan terhadap kegiatan operasional melalui                                   examination of operational activities through the Internal
   Divisi Internal Audit secara berkala dan perbaikan Proses                           Audit Division on a regular basis and improving Business
   Bisnis.                                                                             Processes.
8. Risiko penurunan piutang bad debt                                                8. Risk of Decreasing Bad Debt Receivables
   Dengan memastikan appraisal nilai jaminan yang                                      By ensuring that the appraisal value of the collateral
   dimiliki distributor sesuai dengan plafon penebusannya,                             owned by the distributor is in accordance with the
   memastikan distributor menggunakan fasilitas Distributor                            redemption ceiling, ensuring that the distributor uses
   Finance (DF), melakukan pengajuan pengalihan piutang                                the Distributor Finance (DF) facility, submitting a transfer
   (take over piutang) bagi distributor yang masih aktif                               of receivables (take over receivables) for distributors
   ke pihak perbankan, melakukan penjadwalan ulang                                     who are still active to the banking sector, rescheduling
   pembayaran piutang bagi distributor yang telah jatuh                                payments of receivables for distributors who have due,
   tempo,       melakukan         evaluasi          distributor       terhadap         evaluating distributors regarding the redemption and
   penebusan dan pembayaran piutang dalam 3 bulan                                      payment of receivables in the last 3 months, collaborating
   terakhir, bekerja sama dengan Pengacara Negara (JPN)                                with the State Attorney (JPN) in collecting bad debts and




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                      Management Discussion and Analysis        Good Corporate Governance              Corporate Social and Environmental Responsibility




   dalam penagihan piutang macet dan mendaftarkan                                         registering distributors who have been given a Warning
   distributor yang telah diberikan Surat Peringatan dan                                  Letter and working with KPNKL to process asset auctions
   bekerja sama dengan pihak KPNKL untuk memproses                                        for bad Distributors and failed application to banking.
   pelelangan aset bagi Distributor yang macet dan gagal
   pengajuan ke perbankan.
9. Risiko Penurunan Beban Bunga Kredit Investasi                                    9. Risk of Decreasing Investment Credit Interest Expenses
   Dengan melakukan pelunasan yang dipercepat sebagian                                    By making accelerated repayment of part of the investment
   pokok kredit investasi, berkoordinasi dengan Bank kredit                               credit principal, coordinating with Investment Credit
   Investasi untuk melakukan penurunan Beban Bunga                                        Banks to reduce Investment Credit Interest Expenses and
   Kredit Investasi dan mencari di luar Bank Sindikasi Kredit                             looking outside Investment Credit Syndication Banks that
   Investasi yang dapat memberikan bunga kredit Investasi                                 can provide lower Investment Credit interest rates.
   yang lebih rendah.


Profil risiko Korporat terkait RKAP beserta tindaklanjutnya                         Corporate risk profiles related to the RKAP and its follow-up
di tahun 2023, sebanyak 9 (Sembilan) Profil risiko, telah                           in 2023 were 9 (nine) risk profiles and have been socialized to
disosialisasikan kepada Dewan Komisaris, Komite Manajemen                           the Board of Commissioners, Risk Management Committee,
Risiko, Direksi, Seluruh Vice President dan Risk Owner pada                         Directors, all Vice President and Risk Owner in January 2023.
bulan Januari 2023.


MONITORING REALISASI MITIGASI RISIKO PERUSAHAAN                                     MONITORING THE REALIZATION OF COMPANY RISK
TAHUN 2023                                                                          MITIGATION IN 2023
Dari Realisasi atas mitigasi risiko (tindaklanjut) terhadap                         From the Realization of risk mitigation (follow-up) for 9 (nine)
9 (sembilan) Risiko korporat berbasis RKAP di tahun 2023,                           RKAP-based corporate risks has shown that the efforts taken
Perusahaan telah melakukan penanganan risiko dengan                                 to mitigate these risks were carried out effectively. However,
langkah-langkah sebagaimana yang terdapat dalam mitigasi                            during the monitoring process, changes in risks were
tersebut di atas, yang dapat disimpulkan bahwa Realisasi                            identified, including changes in risk ranking and the addition
atas Mitigasi Risiko tersebut telah dilakukan dengan baik.                          or reduction of risks requiring mitigation.


Seiring berjalannya waktu dengan melihat kondisi Perusahaan                         Over time, as the Company’s condition was monitored,
pada saat monitoring terdapat perubahan risiko, baik peringkat                      changes were observed in the corporate risks for any addition,
risiko, penambahan maupun pengurangan terhadap risiko                               reduction, and mitigation, leading to a change from 9 (nine)
tersebut serta penanganan (mitigasi). Adapun 9 (sembilan)                           corporate risks at the beginning of 2023 have changed to 8
Risiko korporat pada awal tahun 2023 mengalami perubahan                            (eight) corporate risks to be monitored in the first quarter of
menjadi 8 (delapan) risiko korporat untuk di monitoring pada                        2023, including the following:
Triwulan I Tahun 2023, antara lain sebagai berikut:
1. Risiko Perijinan Tambang pada proses bisnis mengelola                            1. Risk of Mining Licensing in the business process of
   perencanaan penambangan                                                                managing mining planning
   Dengan merencanakan percepatan peningkatan status                                      By planning to accelerate the increase in the status of the
   IUP Operasi Produksi Batu Kapur T3, berkoordinasi dengan                               IUP for T3 Limestone Production Operations, coordinating
   lintas Divisi dan instansi terkait (KLHK, KESDM, BKPM,                                 with cross-divisions and related agencies (KLHK, KESDM,
   PTSP) serta percepatan pembangunan infrastruktur dan                                   BKPM, PTSP) as well as accelerating the development of
   fasilitas penunjang tambang T3.                                                        infrastructure and supporting facilities for the T3 mine.
2. Risiko Pembayaran Piutang                                                        2. Risk of Receivable Payment
   Dengan cara memastikan appraisal nilai jaminan                                         By ensuring that the appraisal value of the guarantee
   yang    dimiliki   Distributor           sesuai         dengan    plafon               owned by the Distributor is in accordance with the
   penebusannya, memastikan distributor menggunakan                                       redemption ceiling, ensuring that the distributor uses
   fasilitas Distributor Finance (DF), melakukan pengajuan                                the Distributor Finance (DF) facility, submitting a transfer
   pengalihan piutang (take over piutang) bagi distributor                                of receivables (take over receivables) for distributors




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                             Performance Highlights       Management Report      Company Profile        Overview on Business Supports




   yang masih aktif ke pihak Perbankan, melakukan                                who are still active to the banking sector, rescheduling
   penjadwalan ulang pembayaran piutang bagi distributor                         payment of receivables for distributors who are due,
   yang telah jatuh tempo, melakukan evaluasi distributor                        evaluate distributors regarding the redemption and
   terhadap penebusan dan pembayaran piutang dalam                               payment of receivables in the last 3 months, collaborate
   3 bulan terakhir, melakukan kerja sama dengan Jaksa                           with the State Attorney (JPN) in collecting bad debts and
   Pengacara Negara (JPN) dalam penagihan piutang macet                          register distributors who have been given warning letters
   dan mendaftarkan distributor yang telah diberikan Surat                       and collaborate with KPNKL to process asset auctions for
   Peringatan dan bekerja sama dengan pihak KPNKL untuk                          distributors who are stuck and failed to apply to banking.
   memproses pelelangan aset bagi distributor yang macet
   dan gagal pengajuan ke Perbankan.
3. Risiko Persaingan Bisnis                                                   3. Business Competition Risk
   Dengan melakukan dan memperkuat sinergi dengan BUMN                           By implementing and strengthening synergies with SOE
   Karya dan kerja sama dengan Instansi dan Perusahaan                           Karya and collaborating with agencies and companies
   untuk meningkatkan penjualan semen, meningkatkan                              to increase cement sales, increasing contributions from
   kontribusi dari proyek yang membutuhkan semen curah                           projects that require bulk cement, including through
   antara lain melalui kerja sama dengan provider yang                           collaboration with providers who have information about
   memiliki informasi mengenai proyek, mengoptimalkan                            projects, optimizing cement sales with digital platforms,
   penjualan semen dengan platform digital, merencanakan                         planning and carry out appropriate promotional programs
   dan melakukan program promosi yang tepat ke channel                           to sales channels, educate products knowledge) and
   penjualan, mengedukasi produk (product knowledge)                             branding product, implement after service sales to
   dan branding product, menerapkan pelayanan after sales                        sales channels, as well as increasing promotions and
   ke channel penjualan, serta meningkatkan promosi dan                          acquisitions of shops that do not yet sell Baturaja cement
   akuisisi toko yang belum menjual semen Baturaja di area                       in the margin area.
   margin.
4. Risiko Operasional Produksi                                                4. Risk of Production Operations
   Dengan merencanakan 2 (dua) program, antara lain:                             By planning 2 (two) programs, including:
   a. Operational Excellence Program:                                            a. Operational Excellence Program:
       •   Melaksanakan            shutdown           sesuai       dengan              •     Implement shutdown according to schedule by
           jadwal dengan mempertimbangkan kesiapan                                           considering the readiness of available spare parts
           ketersediaan sparepart yang ada
       •   Meningkatkan          pelaksanaan          preventive        dan            •     Improve preventive and predictive implementation
           predictive maintenance                                                            maintenance
       •   Menerapkan inovasi dan improvement pada proses                              •     Realize innovation and improvement in the
           produksi melalui TPM                                                              production process through TPM
       •   Mengoptimalkan penggunaan plant automation                                  •     Optimize plant use automation system
           system
       •   Sharing knowledge sistem, operasional dan                                   •     Share knowledge of systems, operations and
           preventive peralatan                                                              preventive equipment


   b. Cost Efficiency Program:                                                   b. Cost Efficiency Program:
       •   Memastikan         harga        perolehan      Bahan        Baku            •     Ensure the acquisition price of Auxiliary Raw
           Penolong sesuai RKAP 2023.                                                        Materials is in accordance with the 2023 RKAP.
       •   Melakukan substitusi material dalam proses                                  •     Substitute materials in the cement manufacturing
           pembuatan semen                                                                   process
       •   Meningkatkan           penggunaan           Limbah        untuk             •     Increasing waste use to reduce fuel consumption
           menurunkan konsumsi bahan bakar




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                       Management Discussion and Analysis             Good Corporate Governance                   Corporate Social and Environmental Responsibility




       •   Penurunan         clinker        factor          semen       dengan                           •   Clinker drop cement factor with increased use
           peningkatan pemakaian bahan ketiga berupa fly                                                     of a third material in the form of fly ash and use
           ash dan pemakaian Cement Grinding Aid (CGA)                                                       of cement Grinding Aid (CGA) as an additive raw
           sebagai bahan baku aditif penolong penggilingan                                                   material to help cement grinding
           semen
       •   Melakukan monitoring kualitas untuk bahan baku                                                •   Monitor the quality of raw materials and auxiliary
           dan bahan penolong dalam proses penerimaan                                                        materials in the receiving process
       •   Optimalisasi           penggunaan                 aditif        untuk                         •   Optimize the use of additives to improve cement
           meningkatkan kualitas semen                                                                       quality


5. Risiko Distribusi                                                                      5. Distribution Risk
   Dengan merencanakan pemantauan dan memastikan                                                By planning monitoring and ensuring expeditors have
   ekspeditor      telah     melakukan                 pemasangan              dan              installed and monitored tracking equipment in each
   pemantauan alat tracking pada setiap armadanya,                                              fleet, ensuring cement distribution according to orders
   memastikan pendistribusian semen sesuai order melalui                                        through shop surveys by the PIC sales area, ensuring
   survei ke toko oleh PIC sales area, memastikan kebutuhan                                     transportation needs for Franco are met according to
   angkutan untuk Franco terpenuhi sesuai rencana,                                              plan, evaluating distributors who make AS redemptions,
   melakukan evaluasi terhadap distributor yang melakukan                                       carrying out Coordinate with expeditors to comply
   penebusan AS, melakukan Koordinasi dengan ekspeditor                                         with regulations, carry out Re-Composition related to
   untuk patuh dengan regulasi, melakukan Re-Komposisi                                          changing transport capacity from 10 tons to 30 tons to
   terkait perubahan kapasitas angkutan dari 10 Ton menjadi                                     reduce transportation costs per ton and ensure the fleet
   30 Ton untuk menurunkan ongkos angkut per ton dan                                            is sufficient for cement distribution needs.
   memastikan jumlah armada mencukupi kebutuhan
   pendistribusian semen.
6. Risiko Kesesuaian Pengembangan Karyawan dengan                                         6. Risk of Suitability of Employee Development with Career
   Jenjang Karir                                                                                Path
   Dengan merencanakan memberikan pembekalan kepada                                             By planning to provide training to talent such as coaching
   para talent seperti coaching sebelum melaksanakan                                            before implementing the SMBR talent development
   program pengembangan talent SMBR baik melibatkan                                             program,         either       involving           consultants         or   special
   Konsultan maupun penugasan khusus yang diberikan,                                            assignments given, ensuring that each talent candidate
   memastikan       setiap       kandidat         talent         yang        akan               whose competency will be developed follows the entire
   dikembangkan kompetensinya untuk mengikuti seluruh                                           series of talent development processes, completing the
   rangkaian proses pengembangan Talenta, melengkapi                                            data bank needs related to SMBR talent such as education,
   kebutuhan Bank Data terkait talent SMBR seperti                                              training, position history, performance achievements and
   pendidikan pelatihan, riwayat jabatan, pencapaian                                            so on, as well as planning talent development schedules
   kinerja dan lain-lain, serta membuat perencanaan jadwal                                      and monitoring the realization of each talent development
   pengembangan talent dan memantau realisasi dari setiap                                       activity.
   aktivitas pengembangan talent.
7. Compliance regulasi lingkungan dan energi                                              7. Compliance with environmental and energy regulations
   Dengan       merencanakan               melakukan            pengelolaan                     By planning to carry out sustainable environmental
   lingkungan secara berkelanjutan dan pengurangan Emisi                                        management and reducing carbon emissions. Increasing
   Karbon Peningkatan pemanfaatan Alternative Fuel and                                          the use of alternatives Fuel and Raw Materials (AFR).
   Raw Material (AFR).
8. Risiko Fraud                                                                           8. Fraud Risk
   Dengan merencanakan implementasi penerapan Budaya                                            By planning the implementation of Corporate Culture
   Perusahaan (AKHLAK) ke seluruh karyawan secara                                               (AKHLAK) to all employees intensively, socializing Fraud/
   intens, sosialisasi Fraud/Gratifikasi/Suap serta etika                                       Gratuity/Bribery as well as employee ethics and behavior




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                             Performance Highlights       Management Report      Company Profile          Overview on Business Supports




   dan perilaku karyawan terhadap anti Fraud/Gratifikasi/                        towards anti Fraud/Gratuity/Bribery effectively and
   Suap secara efektif dan berkala ke seluruh karyawan dan                       periodically to all employees and Sanctions, Gratuity
   Sanksi, program Pengendalian Gratifikasi, melakukan                           Control program, carrying out Supervision/Inspections on
   Pengawasan/Pemeriksaan terhadap kegiatan operasional                          operational activities through the Internal Audit Division
   melalui Divisi Internal Audit secara berkala dan perbaikan                    on a regular basis and improving Business Processes.
   Proses Bisnis.


Pada monitoring realisasi Triwulan IV tahun 2023, Perusahaan                  In monitoring the realization of the fourth quarter of 2023,
mengalami perubahan profil risiko kembali, baik peringkat                     the Company experienced changes in risk again, both in
risiko, penambahan maupun pengurangan terhadap risiko                         risk ranking, additions and reductions to these risks as well
tersebut serta penanganan (mitigasi). Adapun 8 (delapan)                      as handling (mitigation). The 8 (eight) corporate risks during
Risiko korporat pada saat monitoring Triwulan I tahun 2023                    monitoring in the first quarter of 2023 have changed to 5 (five)
mengalami perubahan menjadi 5 (lima) risiko korporat untuk                    corporate risks to be monitored in the fourth quarter of 2023,
di monitoring pada Triwulan IV Tahun 2023, antara lain                        including the following:
sebagai berikut:
1. Risiko Perijinan Tambang pada proses bisnis mengelola                      1. Mining Licensing Risk in the business process of managing
   perencanaan penambangan                                                       mining planning
   Dengan merencanakan percepatan peningkatan status                             By planning to accelerate the increase in the status of
   IUP Operasi Produksi Batu Kapur T3 (Dokumen Teknis                            IUP for T3 Limestone Production Operations (Technical
   dan Lingkungan (AMDAL, Studi Kelayakan, RR dan RPT),                          and Environmental Documents (AMDAL, Feasibility Study,
   Pengajuan IPPKH dan PIAPS, Pemetaan Topografi                                 RR and RPT), Submission of IPPKH and PIAPS, detailed
   detail dan Program Ganti Rugi Tanam Tumbuh Area                               Topographic Mapping and IUP Area Planting Compensation
   IUP), Berkoordinasi dengan lintas Divisi dan instansi                         Program),           Coordinating         with        cross-Divisions     and
   terkait (KLHK, KESDM, BKPM, PTSP) serta Percepatan                            related agencies (KLHK, KESDM, BKPM, PTSP) as well as
   pembangunan infrastruktur dan fasilitas penunjang                             accelerating the development of T3 mining infrastructure
   tambang T3 (Persiapan (Include Permit), Akuisisi Lahan,                       and supporting facilities (Preparation (Include Permit),
   Engineering, Procurement dan Construction).                                   Land         Acquisition,      Engineering,               Procurement    and
                                                                                 Construction).
2. Risiko Operasional Produksi                                                2. Risk of Production Operations
   Dengan merencanakan 2 (dua) program, antara lain:                             By planning 2 (two) programs, including:
   a. Operational Excellence Program:                                            a. Operational Excellence Program:
       •   Melaksanakan             overhaul          sesuai       dengan              •     Carry out overhauls according to schedule by
           jadwal dengan mempertimbangkan kesiapan                                           considering the readiness of available spare
           ketersediaan sparepart yang ada (melakukan                                        parts     (carrying        out        planning,     scheduling,
           planning,      scheduling,           monitoring,    execution,                    monitoring, execution, and evaluation from
           and evaluation dari persiapan shutdown hingga                                     shutdown preparation to implementation and
           pelaksanaan dan menunjuk tim lead serta anggota                                   appointing a lead team and members to ensure
           guna menjamin terlaksananya program shutdown).                                    the implementation of the shutdown program).
       •   Meningkatkan          pelaksanaan           preventive       dan            •     Improve preventive and predictive implementation
           predictive maintenance (Pengecekan rutin main                                     maintenance          (routine           checking     of     main
           equipment and supporting equipment, Pengukuran                                    equipment and supporting equipment, measuring
           vibrasi dan abnormalitas alat, Perbaikan, reparasi                                vibration and equipment abnormalities, repairing,
           dan atau penggantian peralatan yang rusak,                                        repairing and/or replacing damaged equipment,
           serta Predictive Maintenance berbasis Artificial                                  and Predictive Artificial based maintenance
           Intelligence (PMAI) berupa AI remote monitoring                                   Intelligence (PMAI) in the form of remote AI
           dan smart sensor).                                                                monitoring and smart sensors).




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                  Management Discussion and Analysis           Good Corporate Governance                   Corporate Social and Environmental Responsibility




   •   Menerapkan inovasi dan improvement pada proses                                             •   Realize innovation and improvement in the
       produksi melalui TPM (pembentukan Small Group                                                  production process through TPM (formation of
       Activity (SGA)).                                                                               Small Group Activity (SGA)).
   •   Mengoptimalkan penggunaan Plant Automation                                                 •   Optimize Plant usage Automation System (4IR
       System (Instalasi Teknologi 4IR (plant automation)                                             Technology Installation (plant automation) in Kiln,
       di Kiln, Raw Mill dan Finish Mill PBR II dan                                                   Raw Mill and Finish Mill PBR II and Intelligence
       Intelligence Process Control System di Cement Mill                                             Process Control System in Cement Mill System
       System Pabrik Baturaja II).                                                                    Baturaja Plant II).
   •   Sharing Knowledge System, Operasional dan                                                  •   Share     Knowledge              System,           Operational   and
       Preventive peralatan (Meningkatkan Kompetensi                                                  Preventive         equipment              (Improving      Employee
       Karyawan melalui Sharing Knowledge Small Group                                                 Competency through Sharing Knowledge Small
       Activity (SGA)).                                                                               Group Activity (SGA)).
b. Cost Efficiency Program:                                                              b. Cost Efficiency Program:
   •   Memastikan         harga        perolehan         Bahan        Baku                        •   Ensure that the acquisition price of auxiliary raw
       penolong sesuai RKAP 2023 (Pembelian Bahan                                                     materials is in accordance with the 2023 RKAP
       Baku Penolong mengacu pada harga di RKAP 2023                                                  (purchase of auxiliary raw materials refers to
       dan Peningkatan pembelian produk dalam negeri).                                                prices in the 2023 RKAP and increase purchases
                                                                                                      of domestic products).
   •   Melakukan substitusi material dalam proses                                                 •   Substitute materials in the cement making
       pembuatan semen (Mencari alternatif bahan baku,                                                process (Search for alternative raw materials,
       melakukan analisa terhadap kualitas bahan baku,                                                analyze the quality of the raw materials, and
       dan menentukan apakah bahan baku tersebut bisa                                                 determine whether the raw materials can be used
       digunakan sebagai substitusi dalam pembuatan                                                   as substitutes in making cement, then carry out
       semen, lalu melakukan trial skala lab. Jika hasil                                              a lab scale trial. If the results of the lab scale trial
       dari trial skala lab memenuhi spesifikasi, maka                                                meet the specifications, then plant scale trials
       dapat dilakukan trial skala plant).                                                            can be carried out).
   •   Meningkatkan           penggunaan               Limbah       untuk                         •   Increase waste use to reduce fuel consumption
       menurunkan konsumsi bahan bakar (Berkoordinasi                                                 (coordinate with relevant UK to increase AFR use)
       dengan UK terkait untuk peningkatan pemakaian
       AFR)
   •   Penurunan        clinker        factor          semen     dengan                           •   Clinker drop cement factor with increased use
       peningkatan pemakaian bahan ketiga berupa fly                                                  of a third material in the form of fly ash and use
       ash dan pemakaian Cement Grinding Aid (CGA)                                                    of cement Grinding Aid (CGA) as an additive raw
       sebagai bahan baku aditif penolong penggilingan                                                material to help with cement grinding (Reduced
       semen (Penurunan faktor clinker untuk semen                                                    clinker factor for PCC cement with compressive
       PCC dengan kuat tekan tetap terpenuhi SLA.                                                     strength still meeting SLA.
   •   Melakukan monitoring kualitas untuk bahan baku
       dan bahan penolong dalam proses penerimaan                                                 •   Carry out quality monitoring for raw materials and
       (Melakukan       analisa        rutin      terhadap       kualitas                             auxiliary materials in the receiving process (Carry
       incoming material, Melakukan SAI tes untuk                                                     out routine analysis of the quality of incoming
       material bahan ke-3 untuk memilih bahan ke-3                                                   materials, Carry out SAI tests for 3rd materials to
       yang lebih efisien dan Menjaga Kontinuitas bahan                                               select more efficient 3rd materials and Maintain
       ke-3 untuk penurunan Clinker Factor berdasarkan                                                Continuity of 3rd materials to reduce Clinker
       hasil SAI test).                                                                               Factor based on SAI test results).




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                            Ikhtisar Kinerja                 Laporan Manajemen      Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                            Performance Highlights           Management Report      Company Profile         Overview on Business Supports




      •     Optimalisasi        penggunaan                aditif        untuk             •     Optimization of the use of additives to improve
            meningkatkan        kualitas             semen    (Optimalisasi                     cement quality (Optimization of clinker factors
            Clinker Factor dengan menggunakan CGA untuk                                         using CGA to meet SLA SIG-SMBR in terms of
            memenuhi SLA SIG-SMBR secara kualitas dan                                           quality and Optimization of gypsum to improve
            Optimalisasi gypsum perbaikan kualitas).                                            quality).
      •     Pemantauan        kualitas         semen         (Mengaktifkan                •     Cement quality monitoring (Reactivating weekly
            kembali trial mix beton per minggu, Pairing kualitas                                concrete mix trials, SIG-SMBR cement quality
            semen SIG-SMBR yang dilakukan dan dilaporkan                                        pairing which is carried out and reported every
            setiap bulan, Uji beton per bulan untuk OPC dan                                     month, monthly concrete tests for OPC and PCC
            PCC secara bergantian di lab beton Semen padang                                     alternately at the Semen Padang concrete lab
            dan Trial optimalisasi kualitas semen OPC di PPJ                                    and OPC cement quality optimization trials at PPJ
            (Bulan Juni & Juli 2023)).                                                          (June & July 2023)).


3. Risiko Kesesuaian Pengembangan Karyawan dengan                                3. Risk of Suitability of Employee Development with Career
   Jenjang Karir                                                                    Path
   Dengan       merencanakan              pemberian            pembekalan           By planning the provision of training to talents such
   kepada      para    talent       seperti           Coaching      sebelum         as coaching before implementing the SMBR talent
   melaksanakan program pengembangan Talent SMBR                                    development program, either involving consultants
   baik melibatkan Konsultan maupun penugasan khusus                                or special assignments given (socialization to talents
   yang diberikan (Sosialisasi kepada para talent terkait                           regarding the competency development program and
   program      pengembangan             kompetensi           dan      atasan       talent superiors providing coaching to talents on a
   talent memberikan Coaching kepada talent secara                                  regular basis), ensuring that each talent candidate will be
   berkala), memastikan setiap kandidat talent yang                                 developed competency to take part in the entire series
   akan dikembangkan kompetensinya untuk mengikuti                                  of Talent development processes (talents take part in
   seluruh rangkaian proses pengembangan Talenta (para                              competency development through training professional
   talent mengikuti pengembangan kompetensi melalui                                 certification/assignments/study                          comparisons),
   training/sertifikasi profesi/penugasan/studi banding),                           completing Data Bank requirements related to SMBR
   melengkapi kebutuhan Bank Data terkait Talent SMBR                               Talent such as educational training, job history,
   seperti pendidikan pelatihan, riwayat jabatan, pencapaian                        performance achievements and so on (PIC data manager
   kinerja dan lain-lain (PIC pengelola data Talent SMBR                            SMBR Talent is able to master the aspects needed
   mampu menguasai aspek-aspek yang dibutuhkan dalam                                in selecting SMBR Talent), as well as planning talent
   pemilihan Talent SMBR), serta membuat perencanaan                                development schedules and monitoring the realization
   jadwal pengembangan talent dan memantau realisasi                                of each talent development activity (reviewing policies
   dari setiap aktivitas pengembangan talent (mereview                              related to talent development and implementing them).
   kebijakan yang terkait dalam pengembangan talent dan
   mengimplementasikannya).
4. Compliance regulasi lingkungan dan energi                                     4. Compliance with environmental and energy regulations
   Dengan       merencanakan              melakukan            Pengelolaan          By planning to carry out sustainable green environmental
   lingkungan hijau secara berkelanjutan (Pencapaian                                management (Achievement of the Best Performance
   Penghargaan Industri Hijau Kinerja Terbaik, Program                              Green Industry Award, Silviculture Program and SMK3
   Silvikultur dan Audit Resertifikasi SMK3), Pengurangan                           Recertification Audit), Carbon Emission Reduction
   Emisi Karbon (Integrasi dan Kalibrasi Continuous Emission                        (Continuous Integration and Calibration Emissions
   Monitoring System (CEMS) Pabrik Baturaja I, Penurunan                            Monitoring System (CEMS) Baturaja I Plant, Reducing
   Indeks pemakaian Batubara dan energi dan Implementasi                            the Coal and Energy Usage Index and Implementing ISO
   ISO 50001:2018 mengenai Sistem Manajemen Energi untuk                            50001:2018 concerning Energy Management Systems to
   mendukung program efisiensi energi), serta Peningkatan                           support energy efficiency programs), as well as Increasing
   Pemanfaatan Alternative Fuel and Raw Material (AFR)                              the Use of Alternatives Fuel and Raw Material (AFR)
   (Mengoptimalkan AF/ AR untuk substitusi bahan bakar                              (Optimizing AF/AR for fuel and raw material substitution
   serta bahan baku dalam proses pembuatan semen).                                  in the cement manufacturing process).


554       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                    Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis       Good Corporate Governance             Corporate Social and Environmental Responsibility




5. Risiko Fraud                                                                  5. Fraud Risk
   Dengan         merencanakan                 mengimplementasikan                     By planning to implement the application of Corporate
   penerapan Budaya Perusahaan (AKHLAK) ke seluruh                                     Culture (AKHLAK) to all employees intensively (AKHLAK-
   karyawan     secara    intens        (Program         pengembangan                  based    competency              development                    programs     are
   kompetensi berbasis AKHLAK secara khusus diberikan                                  specifically given to BOD-1, BOD-2 and BOD-3 (Core
   pada BOD-1, BOD-2 dan BOD-3 (Core Business), pengisian                              Business), filling out the AKHLAK questionnaire to all
   kuesioner AKHLAK ke seluruh Karyawan dan melakukan                                  employees and carrying out gap analysis understanding of
   analisis gap pemahaman AKHLAK serta tindaklanjutnya                                 AKHLAK and its follow-up and Socialization of Corporate
   dan Sosialisasi Budaya Perusahaan (AKHLAK) ke seluruh                               Culture (AKHLAK) to all employees is carried out through
   Karyawan dilakukan melalui Banner AKHLAK dan media                                  the AKHLAK Banner and SMBR internal communication
   komunikasi internal SMBR, serta sosialisasi dan survei                              media, as well as socialization and awareness surveys
   awareness AKHLAK kepada rekanan di rantai bisnis                                    of AKHLAK to partners in the main business chain),
   utama), Sosialisasi anti Fraud/Gratifikasi/Suap serta etika                         Socialization of anti Fraud/Gratuity/Bribery as well as
   dan perilaku karyawan terhadap Fraud/Gratifikasi/Suap                               employee ethics and behavior towards Fraud/Gratuity/
   secara efektif dan berkala ke seluruh karyawan dan sanksi                           Bribery effectively and periodically to all employees
   (Pemberian sanksi tegas jika terbukti melakukan praktik                             and sanctions (Imposing strict sanctions if proven to
   Fraud/Kecurangan sesuai dengan ketentuan yang berlaku                               have committed Fraud practices in accordance with
   di SMBR), Program Pengendalian Gratifikasi (Pembuatan                               applicable provisions in SMBR), Gratuity Control Program
   Aplikasi GCG dan penandatanganan pakta integrasi dalam                              (Creating GCG Applications and signing integration pacts
   proses setiap proses pengadaan & barang Jasa oleh User),                            in the process of each procurement process & goods and
   Melakukan Pengawasan/Pemeriksaan terhadap kegiatan                                  services by Users), Supervising/Inspecting operational
   operasional melalui Department of Internal Audit secara                             activities through the Internal Audit Division on a regular
   berkala (Melaksanakan program kerja Pemeriksaan Kerja                               basis (Carrying out the 2023 Annual Work Inspection
   Pemeriksaan Tahun (PKPT) Tahun 2023 dan Pemeriksaan                                 (PKPT) work program and Special Inspections), as well as
   Khusus), serta Perbaikan Proses Bisnis (review aturan                               Improving Business Processes (reviewing rules related to
   terkait Fraud/Gratifikasi/Suap).                                                    Fraud/Gratuity/Bribery).


Monitoring Risiko di tahun 2023 disusun dan dilakukan                            The 2023 Monitoring is prepared and carried out in a
secara menyeluruh pada proses bisnis di setiap unit kerja                        comprehensive manner throughout the Company’s business
melalui tahapan proses pemantauan (monitoring) risiko yang                       processes, involving each work unit. The risk monitoring
diikuti dengan proses komunikasi dan koordinasi secara                           process will be executed in stages, and continuous
berkesinambungan di tahun 2023, untuk memastikan                                 communication        and        coordination              processes         will   be
efektivitas pelaksanaan atas mitigasi risiko (tindaklanjut)                      established to ensure the effectiveness of the risk mitigation
yang telah disusun oleh unit kerja telah dilakukan dengan                        implementation, which will be carried out in accordance with
baik dan sesuai dengan rencana yang telah ditetapkan,                            the pre-established plan. The ultimate goal is to minimize and
sehingga diharapkan potensi risiko dapat diminimalkan dan                        control potential risks faced by the Company.
dikendalikan.


Monitoring Realisasi Mitigasi Risiko yang dilaksanakan                           The Company monitors the realization of risk mitigation in
Perusahaan dilakukan dalam 4 periode.                                            four distinct periods. These periods are as follows:
1. Periode Triwulan I dilakukan dari bulan Januari sampai                        1. The first quarter period spans from January to March
   dengan Maret 2023 yang dilaporkan pada bulan April 2023.                            2023 and is reported in April 2023.
2. Periode Triwulan II dilakukan dari bulan April sampai                         2. The second quarter period spans from April to June 2023
   dengan Juni 2023 yang dilaporkan pada bulan Juli 2023.                              and is reported in July 2023.
3. Periode Triwulan III dilakukan dari bulan Juli sampai                         3. The third quarter period spans from July to September
   dengan September 2023 yang dilaporkan pada bulan                                    2023 and is reported in October 2023.
   Oktober 2023.




                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja                   Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                              Performance Highlights             Management Report      Company Profile      Overview on Business Supports




4. Periode Triwulan IV dilakukan dari bulan Oktober sampai                           4. The fourth quarter period spans from October to
   dengan Desember 2023 yang dilaporkan pada bulan                                       December 2023 and is reported in January 2024.
   Januari 2024.


Laporan Monitoring Realisasi Mitigasi Risiko tahun 2023                              The 2023 Risk Mitigation Realization Monitoring Report is
dilaporkan kepada Direksi, setelah mendapat persetujuan                              submitted to the Board of Directors, after approval from the
oleh Direksi, selanjutnya dilaporkan kepada Dewan Komisaris                          Board of Directors, it is then submitted to the Company's
Perusahaan dan Unit ERM PT Semen Indonesia (Persero) Tbk.                            Board of Commissioners and the ERM Unit of PT Semen
                                                                                     Indonesia (Persero) Tbk.


Pada saat dilakukan              penyusunan, Perusahaan telah                        During the preparation stage, the Company has established
mempunyai kriteria mengenai batas tingkat risiko yang                                specific criteria for acceptable risk limits. As a result, in
dapat diterima. Oleh karena itu, dalam melakukan evaluasi                            conducting a risk evaluation, the identified risks are ranked
risiko, risiko yang telah dianalisis/diukur diperingkat                              based on their level or value to determine management
berdasarkan tingkat atau nilai risiko untuk menentukan                               priorities. Next, the Company will manage the identified risks
prioritas   pengelolaannya.           Risiko           yang      teridentifikasi     by implementing an appropriate treatment plan, with the aim
tersebut seluruhnya akan dikelola Perusahaan dengan                                  of reducing risks compared to the pre-treatment stage.
mempertimbangkan            rencana         perlakuan            yang     sesuai.
Setelah diterapkannya rencana perlakuan diharapkan risiko
Perusahaan akan menjadi lebih rendah dibandingkan dengan
sebelum dilakukan perlakuan tersebut.


Hasil penyusunan terhadap risiko yang teridentifikasi                                The results of the risk evaluation indicate that, despite existing
menunjukkan        tingkat      risiko       setelah          memperhatikan          controls, the level of risk is still relatively high. Therefore, the
pengendalian yang ada masih relatif tinggi. Untuk mengurangi                         Company requires increased control measures or alternative
risiko sampai pada tingkat yang dapat diterima diperlukan                            risk treatments to reduce the risk to an acceptable level.
upaya peningkatan pengendalian yang ada atau alternatif
perlakuan risiko yang lain.


PENJELASAN MENGENAI HASIL REVIU YANG DILAKUKAN                                       EXPLANATION ON RESULTS OF REVIEWS TO THE
ATAS SISTEM MANAJEMEN RISIKO PADA TAHUN BUKU                                         RISK MANAGEMENT SYSTEM IN THE FISCAL YEAR
(EVALUASI KINERJA)                                                                   (PERFORMANCE ASSESSMENT)
Evaluasi penerapan Sistem Manajemen Risiko dilakukan                                 Assessment of the implementation of the Risk Management
dengan      tujuan     untuk       menilai             tingkat     kematangan        System is carried out with the aim of assessing the maturity
penerapan Manajemen Risiko. Hingga saat ini, penerapan                               level of the implementation of Risk Management. As of today,
Manajemen Risiko Perusahaan telah berjalan dalam koridor                             the implementation of Risk Management within the Company
yang semestinya. Namun demikian, guna meningkatkan                                   has been functioning correctly. However, the Company
efektivitas sistem Manajemen Risiko, ke depan Perusahaan                             recognizes the need to further develop a consistent plan
merencanakan Sosialisasi secara konsisten Penerapan                                  for disseminating information regarding risk management
Manajemen Risiko, Membangun Sistem Manajemen Risiko                                  implementation, building a comprehensive risk management
secara menyeluruh untuk penerapan manajemen Risiko,                                  system, implementing Risk Maturity Level evaluation
Implementasi pedoman evaluasi Risk Maturity Level dan                                guidelines, and following Business Continuity Management
penyusunan Pedoman Business Continuity Management                                    (BCM) Guidelines.
System (BCMS).




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                     Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis        Good Corporate Governance             Corporate Social and Environmental Responsibility




PERBAIKAN DAN PENINGKATAN PENGELOLAAN RISIKO                                       RISK MANAGEMENT IMPROVEMENT AND ENHANCEMENT
1. Konsisten Upaya Peningkatan Budaya Risiko                                       1. Consistent Efforts to Improve Risk Culture
   Untuk meningkatkan efektivitas dan mencapai tujuan                                    In order to increase the effectiveness and achieve the
   penerapan manajemen risiko, Department of Risk                                        objectives of implementing risk management, the Risk
   Management,     senantiasa             berupaya        meningkatkan                   Management Division is constantly working to enhance
   komitmen pimpinan Perusahaan untuk memberi dukungan                                   the commitment of the Company’s leaders to provide full
   dan kontribusi penuh dalam penerapan manajemen                                        support and contribution to the implementation of risk
   risiko, mengembangkan budaya sadar risiko (corporate                                  management. This includes developing a corporate risk
   risk culture) ke seluruh proses bisnis Perusahaan dengan                              culture throughout the Company’s business processes
   menitikberatkan      konsep          risiko       sebagai   tanggung                  by emphasizing the concept of risk as everyone’s
   jawab setiap orang (risk is everybody’s business)                                     responsibility (risk is everybody’s business) through
   melalui sosialisasi yang berkelanjutan serta selalu                                   continuous outreach, competence development, and
   mengembangkan kompetensi dan proses pembelajaran                                      learning processes through Risk Management training,
   secara berkesinambungan melalui pelatihan Manajemen                                   both in general and specific.
   Risiko baik secara umum ataupun khusus.
2. Pengembangan ke arah Risk Based Internal Audit (RB/A)                           2. Development towards Risk Based Internal Audit (RB/A)
   Hasil Risk Assessment risiko yang telah ada dapat                                     The results of existing risk assessments can be used as
   dijadikan pijakan bagi Department of Risk Management                                  a basis for the Risk Management Division to develop Risk
   dalam pengembangan implementasi Manajemen Risiko.                                     Management implementation. In the future, these results
   Ke depan hasil tersebut perlu diintegrasikan dengan                                   should be integrated with the Internal Audit Division in
   Department of Internal Audit dalam melakukan audit, atau                              conducting audits, known as Risk-Based Audit (RBIA).
   dikenal dengan Audit Berbasis Risiko (Risk Based Internal
   Audit/RB/A).
3. lntegrasi Manajemen Risiko                                                      3. Risk Management Integration
   Dalam upaya pengembangan Enterprise Risk Management,                                  In an effort to develop Enterprise Risk Management,
   Perusahaan berencana dan telah melakukan penyusunan                                   the Company plans and has prepared strategic policies,
   kebijakan strategis RJPP, RKAP dan Project-Project                                    operational plans, and Company development projects by
   pengembangan Perusahaan dengan mengintegrasikan                                       integrating Risk Management Guidelines into the Semen
   Pedoman Manajemen Risiko ke dalam Sistem Manajemen                                    Baturaja Management System (SMSB) as a form of internal
   Semen Baturaja (SMSB) sebagai salah satu bentuk                                       control.
   pengendalian internal.
4. Pengembangan Aplikasi Manajemen Risiko berbasis                                 4. Development of Information Technology-based Risk
   Teknologi Informasi                                                                   Management Applications
   Saat ini Perusahaan dalam proses pengalihan mengikuti                                 The Company is currently utilizing the Risk Management
   sistem PT Semen Indonesia (Persero) Tbk yang digunakan                                System (RMS) to manage risks and prepare Risk
   untuk mengelola risiko, yaitu Aplikasi Enterprise Risk                                Profiles. However, in order to keep up with dynamic Risk
   Management (ERM). Aplikasi ERM merupakan suatu                                        Management developments, the RMS will be continuously
   Sistem yang digunakan untuk penyusunan Profil Risiko                                  evaluated and adjusted.
   di Perseroan, sistem ini akan terus dievaluasi untuk
   mengikuti dan menyesuaikan perkembangan Manajemen
   Risiko yang bersifat dinamis.




                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen          Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report          Company Profile     Overview on Business Supports




PERNYATAAN DIREKSI DAN/ATAU DEWAN KOMISARIS ATAU                                   STATEMENT OF THE BOARD OF DIRECTORS AND/OR
KOMITE AUDIT ATAS KECUKUPAN SISTEM MANAJEMEN                                       BOARD OF COMMISSIONERS OR AUDIT COMMITTEE ON THE
RISIKO                                                                             ADEQUACY OF THE RISK MANAGEMENT SYSTEM
Direksi telah me-review secara berkala tentang kecukupan                           The Board of Directors conducts periodic reviews to assess
sistem manajemen risiko termasuk dengan menetapkan                                 the sufficiency of the risk management system, including
Kebijakan dan Prosedur Manajemen Risiko yang berbasis ISO                          by establishing Risk Management Policies and Procedures
31000:2018 sebagai komitmen dan panduan dalam penerapan                            based on ISO 31000:2018 as a commitment and guide in
manajemen risiko di Perusahaan. Direksi serta Dewan                                implementing risk management in the Company. Both the
Komisaris berpandangan bahwa sistem tersebut telah selaras                         Board of Directors and Board of Commissioners agree that
dengan regulasi terkait serta diimplementasikan dengan                             the system has been implemented properly and in compliance
baik, sehingga sistem manajemen risiko yang diterapkan                             with relevant regulations, indicating that the Company’s risk
telah memadai.                                                                     management system is adequate.



Perkara Penting
Legal Cases

Di tahun 2023, Perusahaan menghadapi 1 (satu) perkara                              In 2023, the Company faced 1 (one) legal case, described as
penting, yang diuraikan sebagai berikut:                                           follows:
                                                                                                                                Pengaruh terhadap
                                                                               Status Penyelesaian Perkara/Gugatan
  No                 Pokok Perkara/Gugatan / Lawsuit                                                                         Perusahaan / Impact to the
                                                                                    / Lawsuit Settlement Status
                                                                                                                                     Company
         Kelanjutan Klaim Kerusakan Gear Box Tianjin Cemen          Perusahaan telah melakukan upaya                      Tidak     terdapat    pengaruh
         Industry & Research Institute Co., Ltd (TCDRI)             hukum di Badan Arbitrase Nasional                     signifikan terhadap perusahaan
         SMBR melakukan kerja sama pembangunan Pabrik               Indonesia (”BANI”), bahwa pada                        setelah ganti kerugian secara
         Baturaja II (BTA II) dengan Tianjin Cement Industry &      tanggal 10 Agustus 2023 BANI telah                    tunai diterima. / No significant
         Research Institute Co., Ltd (TCDRI) pada tahun 2015.       mengeluarkan Putusan No. 45089/X/                     impact on the company after
         Pabrik BTA II selesai dibangun dan mulai beroperasi        ARB-BANI/2022 yang pada pokoknya                      cash compensation is received
         pada tahun 2017. Pada 29 Maret 2019, muncul indikasi       dalam pokok perkara menghukum
         kerusakan pada gear box di Pabrik BTA II. Terkait          Termohon (TCDRI) untuk membayar
         kerusakan tersebut, SMBR mengajukan klaim sebesar          ganti kerugian secara tunai dan
         Rp24.424.292.000 pada tanggal 28 Agustus 2019. /           sekaligus kepada Perusahaan senilai
         SMBR collaborated to build the Baturaja II Plant (BTA II)  Rp13.180.237 dan EUR683.844. / The
         with Tianjin Cement Industry & Research Institute Co.,     Company has taken legal action at the
         Ltd (TCDRI) in 2015. The BTA II Plant was completed and    Indonesian National Arbitration Board
         started operating in 2017. On March 29 ,2019, indications  ("BANI"), that on August 10 2023 BANI
         of damage emerged. on the gear box at the BTA II           has issued Decision No. 45089/X/
         Plant. Regarding this damage, SMBR submitted a claim       ARB-BANI/2022 which is essentially in
   1.
         amounting to Rp24,424,292,000 on August 28, 2019.          principle case punishes the Respondent
                                                                    (TCDRI) to pay compensation in cash
         Hasil korespondensi pada tanggal 29 September 2020 and at the same time to the Company
         TCDRI menyatakan hanya bersedia membayar sebesar amounting to Rp 13,180,237 and EUR
         Rp12.162.600.000 miliar dari total pengajuan klaim. Maka 683,844.
         pada tanggal 05 Oktober 2020 Perusahaan menyatakan
         bersedia menerima pembayaran Rp12.162.600 miliar, Pada tanggal 08 Januari 2024,
         namun Perusahaan akan tetap menagih sisa dari total Perusahaan menerima ganti kerugian
         klaim yang diajukan. / As a result of correspondence secara tunai sebesar Rp9.385.698
         on September 29 2020, TCDRI stated that it was only sesuai dengan putusan No. 45089/X/
         willing to pay Rp12,162,600,000 billion of the total claim ARD-BANI/2022.       /   On    January
         submissions. So on October 5 2020 the Company stated 8, 2024, the Company received
         that it was willing to accept payment of Rp12,162,600 cash compensation amounting to
         billion, but the Company would still collect the remainder Rp9,385,698 in accordance with
         of the total claims submitted.                             decision no. 45089/X/ARD-BANI/2022




PENGUNGKAPAN PERMASALAHAN HUKUM YANG SEDANG                                        DISCLOSURE OF ONGOING LEGAL CASES FACED BY THE
DIHADAPI DEWAN KOMISARIS DAN DIREKSI YANG SEDANG                                   INCUMBENT BOARD OF COMMISSIONERS AND BOARD OF
MENJABAT                                                                           DIRECTORS
Selama periode tahun 2023, seluruh anggota Dewan Komisaris                         Selama During the 2023 period, all incumbent members of
maupun Direksi Perusahaan yang sedang menjabat, tidak                              the Company's Board of Commissioners and Directors faced
memiliki permasalahan hukum, baik perdata maupun pidana.                           neither civil nor criminal legal cases.


558         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis         Good Corporate Governance            Corporate Social and Environmental Responsibility




PENGUNGKAPAN PERMASALAHAN HUKUM YANG SEDANG                                         DISCLOSURE OF ONGOING LEGAL CASES FACED BY
DIHADAPI ENTITAS ANAK                                                               SUBSIDIARIES
Selama periode tahun 2023, tidak terdapat perkara-perkara                           During 2023, there were no legal cases that had a material
hukum yang berdampak material yang dihadapi oleh Entitas                            impact faced by the Subsidiaries.
Anak Perusahaan.


PENGUNGKAPAN SANKSI ADMINISTRASI                                                    DISCLOSURE OF ADMINISTRATIVE SANCTIONS
Per 31 Desember 2023, tidak terdapat sanksi administratif                           As of December 31, 2023, were no are no administrative
yang dikenakan kepada Perusahaan dan Insan Semen                                    sanctions imposed on Semen Baturaja and its employees,
Baturaja, sehingga tidak ada informasi terkait yang disajikan                       thus such information is presented in this annual report
pada laporan tahunan ini



Akses Informasi dan Data Perusahaan
Access to Company Information and Data

Sebagai bentuk transparansi, Perusahaan secara berkala                              As a form of transparency, the Company periodically
menyediakan kebutuhan informasi bagi para pemangku                                  provides stakeholders with information on various aspects
kepentingan (stakeholders) mengenai Perusahaan. Informasi                           of our operations. This includes our vision, mission, strategy,
dan data yang dimaksud antara lain visi, misi, strategi, produk                     product and management structure, financial performance,
dan struktur manajemen, kegiatan Perusahaan, kinerja                                corporate governance, sustainability initiatives, media
keuangan, serta tata kelola perusahaan. Di samping itu,                             releases, and reports tailored for shareholders.
terdapat pula mengenai kinerja berkelanjutan, rilis media,
dan laporan serta informasi bagi Pemegang Saham.


Direksi berkomitmen untuk melaksanakan keterbukaan                                  The Board of Directors is committed to implementing
informasi dan menyampaikan informasi kepada Dewan                                   information disclosure and ensures timely submission of
Komisaris dan Pemegang Saham secara tepat waktu. Hal                                information to the Board of Commissioners and Shareholders,
ini merupakan bentuk kepatuhan terhadap keterbukaan                                 adhering to regulatory compliance. To this end, we always
informasi. Perusahaan juga selalu menyampaikan informasi                            provide the Financial Services Authority (OJK) and the
dan fakta material kepada Otoritas Jasa Keuangan (OJK) dan                          Indonesia Stock Exchange (IDX) with material information and
Bursa Efek Indonesia (BEI) melalui surat ataupun pelaporan                          facts, either through letter or electronic reporting.
elektronik.


Selain itu, masyarakat juga dapat mengakses informasi dan                           Moreover, the Company’s website www.semenbaturaja.
data Perusahaan melalui situs www.semenbaturaja.co.id.                              co.id serves as another means for the public to access
Dimana situs tersebut berisikan informasi terkini, tepat                            Company information and data. The website features up-to-
sasaran, efektif dan efisien sehingga mampu memberikan                              date information that is targeted, effective, and efficient in
pemahaman publik terkait Perusahaan secara transparan dan                           providing a transparent and consistent understanding of the
konsisten.                                                                          Company.


Dalam situs tersebut, Perusahaan mencantumkan profil                                The Company’s website contains a comprehensive Company
Perusahaan     secara     lengkap         dengan          berbagai     jenis        profile that showcases various services and products,
pelayanan dan produk, tanggung jawab sosial perusahaan,                             corporate social responsibility initiatives, the latest news,
berita terbaru, serta informasi lainnya yang berguna untuk                          and other relevant information for stakeholders. Additionally,
para pemangku kepentingan. Selain itu, Perusahaan juga                              the Company presents information through other forms of
menyajikan informasi dalam bentuk kegiatan lain seperti                             activities such as General Meetings of Shareholders, public
RUPS, public expose, seminar, pameran dan berbagai kegiatan                         expose, seminars, exhibitions, and various other disclosure
pengungkapan lainnya.                                                               activities.



                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 562
                             Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report      Company Profile     Overview on Business Supports




Selanjutnya, Perusahaan secara berkala memperbarui                              Additionally, the Company ensures that information is
informasi dan memberikan kemudahan akses informasi                              regularly updated and easily accessible to stakeholders,
kepada para pemangku kepentingan, sehingga dapat                                to provide transparency and clarity about its operations.
diketahui kondisi Perusahaan secara jelas dan terbuka.                          The Company utilizes several channels to disseminate
Adapun perincian saluran informasi Perusahaan adalah                            information, as outlined below:
sebagai berikut:
1. Rapat Umum Pemegang Saham                                                    1. General Meeting of Shareholders
   Rapat     Umum        Pemegang            Saham        adalah      sarana       The General Meeting of Shareholders serves as a platform
   komunikasi Perusahaan dengan pemegang saham untuk                               for the Company to communicate with its shareholders,
   menyampaikan informasi mengenai Perusahaan dan                                  providing information and seeking approval on important
   memungkinkan Pemegang Saham berpartisipasi dalam                                decisions. In 2023, the Company held 3 (three) GMS,
   pengambilan keputusan yang memerlukan persetujuan                               namely
   pemegang saham. Pada tahun 2023, Perusahaan
   melakukan RUPS sebanyak 3 (tiga) kali, yaitu
   a. RUPS Tahunan pada 8 Mei 2023.                                                a. Annual GMS on May 8, 2023.
   b. RUPS Luar Biasa pada 24 Januari 2023 dan 8                                   b. Extraordinary GMS on January 24, 2023 and November
       November 2023.                                                                    8, 2023.
2. Public Expose                                                                2. Public Expose
   Public expose adalah suatu pemaparan umum kepada                                The Company conducts a public expose at least once a
   publik untuk menjelaskan mengenai kinerja Perusahaan.                           year, where it presents information about its performance
   Perusahaan menyelenggarakan public expose minimal 1                             to the public. In 2023, the Company held a Public Expose
   (satu) kali dalam setahun. Di tahun 2023, Perusahaan telah                      on October 24, 2023
   melaksanakan Public Expose pada tanggal 24 Oktober
   2023
3. Pertemuan dengan Investor dan Analis                                         3. Meetings with Investors and Analysts
   Pertemuan ini menjadi sarana pertukaran informasi                               The Company regularly meets with investors and analysts
   mengenai perkembangan industri dan Perusahaan                                   to exchange information about the industry and the
   kepada Investor/Analis, terutama mengenai kinerja bisnis                        Company’s performance, through various modes of
   dan keuangan Perusahaan. Pertemuan ini dapat dilakukan                          communication, including face-to-face, telephone or
   secara individu maupun berkelompok, baik secara tatap                           conference call.
   muka, telepon ataupun conference call.
4. Laporan Keuangan                                                             4. Financial Statements
   Laporan keuangan yang diterbitkan oleh Perusahaan                               The Company issues financial statements that include
   terdiri dari laporan keuangan tahunan, tengah tahunan,                          annual, semi-annual, first quarter, and nine-month
   kuartal pertama, dan periode sembilan bulan. Laporan                            financial reports. These statements are available on the
   keuangan tersebut dipublikasikan melalui situs web                              Company’s website and the Indonesia Stock Exchange
   Perusahaan dan situs web Bursa Efek Indonesia (BEI).                            (IDX) website. Additionally, the Company publishes
   Untuk laporan keuangan tahunan dan tengah tahunan,                              annual and semi-annual financial reports in national daily
   Perusahaan juga mempublikasikan laporan keuangan                                newspapers, as required by applicable regulations.
   tersebut melalui surat kabar harian nasional yang
   disajikan sesuai dengan ketentuan yang berlaku.
5. Laporan Tahunan                                                              5. Annual Report
   Sebagai bentuk pertanggungjawaban Direksi dan Dewan                             As a form of responsibility for the Board of Directors and
   Komisaris dalam melakukan pengurusan dan pengawasan                             Board of Commissioners in carrying out management
   terhadap emiten atau perusahaan publik dalam kurun                              and supervision of issuers or public companies within 1
   waktu 1 (satu) tahun buku RUPS, maka disusun laporan                            (one) fiscal year of the GMS, an annual report is prepared
   tahunan sesuai dengan ketentuan yang berlaku. Laporan                           in accordance with applicable regulations. The annual




560        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                       Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik           Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis          Good Corporate Governance                  Corporate Social and Environmental Responsibility




   tahunan     tersebut       disampaikan             kepada      pemegang                   report is submitted to shareholders, regulators, mass
   saham, regulator, organisasi massa, media massa, dan                                      organizations, mass media and the public. The annual
   masyarakat. Laporan tahunan dipublikasikan melalui situs                                  report is published on the Company's website and the
   web Perusahaan dan situs Bursa Efek Indonesia (BEI).                                      Indonesia Stock Exchange (IDX) website.
    Periode / Period                                                                              Theme
           2022           Seizing Opportunities with Cost Leadership, Strengthen Market Position and Competency Improvement
           2021           Strengthening Performance through Collaboration and Digitalization
           2020           Rising to The Challenge
           2019           Driven to Innovate Growing Network
           2018           A Vision to Lead With Sustainable Values
           2017           Exceeding Prime for Environmental Sustainability
           2016           Unbreakable Spirit Within


6. Situs Web                                                                           6. Website
   Perusahaan memiliki situs yakni www.semenbaturaja.                                        The Company maintains a website at www.semenbaturaja.
   co.id   yang    memuat            informasi          terkini   mengenai                   co.id where stakeholders can access the latest
   Perusahaan, termasuk segala hal yang berkaitan dengan                                     information on the Company, including its management,
   Perusahaan, baik dari sisi manajemen, profil perusahaan,                                  corporate profile, corporate governance, and products.
   tata kelola perusahaan, hingga produk yang dihasilkan.                                    The website is available in both Indonesian and English
   Situs Perusahaan menyajikan informasi dalam dua                                           and complies with POJK No. 8/POJK.04/2015 on Issuer or
   Bahasa, yakni Bahasa Indonesia dan Bahasa Inggris                                         Public Company Websites.
   yang telah memenuhi aturan terkait dengan situs web
   perusahaan publik yakni POJK No. 8/POJK.04/2015
   tentang Situs Web Emiten atau Perusahaan Publik.
7. Transparansi Penyampaian Laporan ke Otoritas Pasar                                  7. Transparency in Reporting to the Capital Markets
   Modal (BEI dan OJK) serta Kementerian BUMN                                                Authority (IDX and OJK) and the Ministry of SOE
   Sebagai BUMN yang berstatus perusahaan terbuka,                                           As a SOE with public company status, the Company
   Perusahaan harus menyampaikan laporan kepada Bursa                                        is required to submit reports to the Indonesia Stock
   Efek Indonesia, Otoritas Jasa Keuangan, dan Kementerian                                   Exchange, the Financial Services Authority, and the
   BUMN. Berikut transparansi penyampaian laporan yang                                       Ministry of State-Owned Enterprises. The Company is
   dilakukan sepanjang tahun 2023.                                                           committed to transparency in reporting, and the following
                                                                                             reports submitted in 2023.


   Kementerian BUMN:                                                                         Ministry of SOE:
   a. Laporan Keuangan Tahun Buku 2022                                                       a. Financial Statements of Fiscal Year 2022
   b. Laporan Tahunan Tahun Buku 2022                                                        b. Annual Report of Fiscal Year 2022
   c. Penyelenggaraan RUPS Tahunan Tahun Buku 2022                                           c. Implementation of Annual GMS of Fiscal Year 2022
   d. Penyelenggaraan RUPS Luar Biasa Tahun 2023                                             d. Implementation of the 2023 Extraordinary GMS
   e. Laporan Keuangan Triwulanan Tahun Buku 2022                                            e. Quarterly Financial Statements of Fiscal Year 2022
   f. Laporan Manajemen Perusahaan Tahunan Tahun                                             f. Annual Company Management Report of Fiscal Year
      Buku 2022                                                                                       2022


   Bursa Efek Indonesia dan Otoritas Jasa Keuangan (OJK):                                    Indonesia Stock Exchange and Financial Services
                                                                                             Authority (OJK):
   a. Laporan Bulanan Registrasi Pemegang Efek                                               a. Monthly Report of Securities Holders Registration
   b. Laporan Hutang Valuta Asing                                                            b. Foreign Currency Debt Report
   c. Pengumuman Rapat Umum Pemegang Saham (RUPS)                                            c. Announcement of the 2022 Annual General Meeting of
      Tahunan Tahun Buku 2022                                                                         Shareholders (GMS).




                                                                                                                   2023 Annual Report ∙ PT Semen Baturaja Tbk
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                           Ikhtisar Kinerja             Laporan Manajemen   Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                           Performance Highlights       Management Report   Company Profile      Overview on Business Supports




 d. Pemanggilan Rapat Umum Pemegang Saham (RUPS)                            d. Notice for the Annual General Meeting of Shareholders
      Tahunan Tahun Buku 2022                                                     (GMS) for the 2022 Fiscal Year
 e. Ringkasan Risalah Rapat Umum Pemegang Saham                             e. Summary of Minutes of the Annual General Meeting of
      (RUPS) Tahunan Tahun Buku 2022                                              Shareholders (GMS) for the 2022 Fiscal Year
 f. Risalah Rapat Umum Pemegang Saham (RUPS)                                f. Minutes of the 2022 Annual General Meeting of
      Tahunan Tahun Buku 2022                                                     Shareholders (GMS).
 g. Pengumuman Rapat Umum Pemegang Saham (RUPS)                             g. Announcement of the 2023 Extraordinary General
      Luar Biasa Tahun 2023                                                       Meeting of Shareholders (GMS).
 h. Pemanggilan Rapat Umum Pemegang Saham (RUPS)                            h. Notice of the 2023 Extraordinary General Meeting of
      Luar Biasa Tahun 2023                                                       Shareholders (GMS)
 i.   Ringkasan Risalah Rapat Umum Pemegang Saham                           i.    Summary of Minutes of Meeting the 2023 Extraordinary
      (RUPS) Luar Biasa Tahun 2023                                                General Meeting of Shareholders (GMS).
 j.   Risalah Rapat Umum Pemegang Saham (RUPS) Luar                         j.    Minutes of Meeting of the 2023 Extraordinary General
      Biasa Tahun 2023                                                            Meeting of Shareholders (GMS).
 k. Informasi Perubahan Pengurus Perseroan                                  k. Information on Changes in the Management of the
                                                                                  Company
 l.   Pemberitahuan Jadwal dan Tata Cara Pembagian                          l.    Notification   of    Schedule            and     Procedures    for
      Dividen Tunai Tahun Buku 2022                                               Distribution of Cash Dividends for Fiscal Year 2022
 m. Penyampaian          Laporan          Tahunan       dan     Laporan     m. Submission of Annual Report and Sustainability
      Keberlanjutan Tahun Buku 2022                                               Report for Fiscal Year 2022
 n. Penyampaian Laporan Keuangan Tahunan 2022                               n. Submission        of     XBRL-based                Annual   Financial
      (Audited) berbasis XBRL                                                     Statements (Audited) 2022
 o. Penyampaian Bukti Iklan Laporan Keuangan Tahunan                        o. Submission of Advertising Evidence for the 2022
      2022 (Audited)                                                              Annual Financial Statements (Audited)
 p. Penyampaian Laporan Keuangan Triwulan I – 2023                          p. Submission of Quarterly Financial Statements I –2023
      (Unaudited)                                                                 (Unaudited)
 q. Penyampaian          Laporan          Keuangan      Konsolidasian       q. Submission of Consolidated Financial Statements for
      Semester I Tahun 2023 (Unaudited) berbasis XBRL                             Semester I of 2023 (Unaudited) based on XBRL
 r. Penyampaian Bukti Iklan Laporan Keuangan Semester                       r. Submission of Advertisement Proof of Financial
      I Tahun 2023 (Unaudited)                                                    Statements for Semester I of 2023 (Unaudited)
 s. Penyampaian          Laporan          Keuangan      Konsolidasian       s. Submission of Consolidated Financial Statements for
      Triwulan III Tahun 2023 (Unaudited) berbasis XBRL                           the 3rd Quarter of 2023 (Unaudited) based on XBRL
 t. Rencana Penyelenggaraan Public Expose Tahunan                           t. Annual Public Expose Plan
 u. Penyampaian Materi Public Expose Tahunan                                u. Submission of Annual Public Expose Materials
 v. Laporan Hasil Public Expose Tahunan                                     v. Annual Public Expose Results Report
 w. Laporan Hasil Evaluasi Komite Audit Atas Pemberian                      w. Report on the Evaluation Results of the Audit
      Jasa Audit oleh KAP di Tahun Buku 2022                                      Committee on the Provision of Audit Services by
                                                                                  Public Accounting Firm in the 2022 Fiscal Year
 x. Laporan Penunjukan Akuntan Publik dan/atau Kantor                       x. Report on the Appointment of a Public Accountant
      Akuntan Publik dalam rangka Audit atas Informasi                            and/or Public Accounting Firm in the framework of
      Keuangan Historis Tahunan Tahun Buku 2023                                   an Audit of Annual Historical Financial Information for
                                                                                  the 2023 Fiscal Year
 y. Perubahan Corporate Secretary                                           y. Change to the Corporate Secretary
 z. Perubahan Kepala Audit Internal                                         z. Change of Head of Internal Audit
 aa. Perubahan Komite Audit                                                 aa. Changes to the Audit Committee
 ab. Perubahan Komite Nominasi dan Remunerasi                               ab. Changes to the Nomination and Remuneration
                                                                                  Committee




562      PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                    Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik           Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis           Good Corporate Governance                  Corporate Social and Environmental Responsibility




   ac. Informasi Perubahan Nama Perseroan                                                  ac. Changes to the Company Name
   ad. Perubahan Anggaran Dasar                                                            ad. Changes to the Articles of Association
   ae. Laporan Informasi atau Fakta Material Permintaan                                    ae. Material Information or Facts Report IDX Request for
       Penjelasan BEI                                                                               Explanation
   af. Tanggapan atas Permintaan Penjelasan Bursa                                          af. Response of the Exchange Explanation Request
   ag. Laporan Informasi atau Fakta Material Penjelasan                                    ag. Information Report or Material Facts Explanation
       atas Penyesuaian Laporan Keuangan Konsolidasian                                              of Adjustments to the Consolidated Financial
       Tahun Buku 2022                                                                              Statements for Fiscal Year 2022
   ah. Laporan     Informasi            atau             Fakta    Material                 ah. Information Report or Material Facts on Signing of the
       Penandatanganan Perjanjian Kredit Sindikasi SLL                                              SLL Syndicated Credit Agreement
   ai. Laporan Informasi atau Fakta Material Pengunduran                                   ai. Information Report or Material Facts on the
       Diri Komisaris Utama                                                                         Resignation of the President Commissioner
   aj. Laporan Informasi atau Fakta Material Perubahan                                     aj. Report of Information or Material Facts on Changes in
       Akuntan Publik                                                                               Public Accountants
   ak. Laporan Informasi atau Fakta Material Pengkinian                                    ak. Information Report or Material Facts Updating the
       Data Beneficial Ownership Perseroan                                                          Company's Beneficial Ownership Data
8. Siaran Pers                                                                       8. Press conference
   Per 31 Desember 2023, Perusahaan telah menerbitkan                                      As of December 31, 2023, the Company has issued 66 (sixty
   siaran pers sebanyak 66 (enam puluh enam) naskah yang                                   six) manuscripts of press release which are classified into
   diklasifikasi ke dalam beberapa kategori informasi, yaitu:                              several information categories, namely:
   a. Informasi mengenai kinerja produksi dan penjualan                                    a. Information on production and sales performance
   b. Informasi mengenai Kegiatan CSR                                                      b. Information about CSR Activities
   c. Informasi mengenai berbagai peristiwa penting                                        c. Information regarding various important company
       perusahaan seperti Ulang Tahun, Rapat Umum                                                   events such as Birthdays, General Meeting of
       Pemegang Saham, Implementasi Teknologi, Ramah                                                Shareholders,             Technology                    Implementation,
       Lingkungan, Organisasi Karyawan dan Informasi                                                Environmentally Friendly, Employee Organization and
       penting lainnya.                                                                             other important information.
   d. Informasi mengenai Kinerja Keuangan dan Informasi                                    d. Information on Financial Performance and other
       Keuangan lainnya.                                                                            Financial Information.
   e. Informasi mengenai Prestasi dan Penghargaan yang                                     e. Information on Achievements and Awards obtained
       diperoleh
   f. Informasi mengenai Progres Investasi (CAPEX)                                         f. Information on the Investment Progress (CAPEX)
9. Email                                                                             9. E-mail
   Perusahaan menyediakan akses bagi pemegang saham,                                       The Company provides access for shareholders, investors
   investor maupun masyarakat untuk berkomunikasi                                          and the public to communicate via the company’s official
   melalui email resmi Perusahaan, yaitu corsec.smbr@sig.                                  email, namely corsec.smbr@sig.id, wbs.smbr@sig.id.
   id, wbs.smbr@sig.id
10. Media Sosial                                                                     10. Social media
   Perusahaan menyediakan berbagai informasi dan sarana                                    The        Company        provides            various          information   and
   komunikasi kepada pihak eksternal melalui media sosial                                  communication facilities to external parties through the
   Perusahaan, antara lain:                                                                Company's social media, including:
   Facebook : ptsb.tbk.official                                                            Facebook : ptsb.tbk.official
   Instagram : @pt.semenbaturaja                                                           Instagram : @pt.semenbaturaja
   x          : @ptsb_tbk                                                                  x               : @ptsb_tbk
   YouTube    : SemenBaturajaTbk                                                           YouTube         : SemenBaturajaTbk




                                                                                                                 2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan            Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile              Overview on Business Supports




   Sepanjang tahun 2023, aktivitas baik dari sisi jumlah                         Throughout 2023, activities both in terms of the number
   posting-an atau followers yang dilakukan media sosial                         of posts or followers carried out by the Company’s social
   Perusahaan adalah sebagai berikut:                                            media are as follows:
                                                                                       Followers/Subscriber
        Media Sosial / Social Media                   Desember 2022 /                     Desember 2023 /
                                                                                                                                      Perubahan / Change
                                                       December 2022                       December 2023
    Facebook                                                15.706                                   15.812                                    0.7%
    Instagram                                               27.719                                   30.337                                    9.4%
    x                                                       2.260                                    2.273                                     0.6%
    Youtube                                                   829                                    1.018                                     22.8%




Kode Etik Perusahaan
Company Code of Conduct

PROGRAM PENINGKATAN PEMAHAMAN KODE                                            ENHANCEMENT PROGRAM, TYPE OF SANCTION
ETIK, JENIS SANKSI KODE ETIK DAN JUMLAH                                       AND TOTAL REPORT ON VIOLATION OF THE CODE
LAPORAN PELANGGARAN KODE ETIK                                                 OF CONDUCT
Perusahaan      senantiasa         melaksanakan           Tata       Kelola   The Company always upholds the implementation of Good
Perusahaan yang Baik secara konsisten dan berkelanjutan                       Corporate Governance consistently and continuously. One
untuk memperkuat daya saing perusahaan serta mengelola                        of the measures taken to achieve this is the development
sumber daya dan risiko secara efektif. Salah satu upaya                       of a Code of Conduct that reflects the shared values of the
yang dilakukan adalah dengan membuat Pedoman Perilaku                         Company’s personnel, and is translated into standards of
(Code of Conduct) yang dibuat berdasarkan nilai-nilai yang                    behavior and attitude. This guideline has been approved
dianut oleh jajaran Perusahaan dan dalam implementasinya                      through Decree of the Board of Directors No. PH
dijabarkan ke dalam standar sikap dan perilaku. Pedoman                       01.04/009/2019 regarding the Code of Conduct of PT Semen
ini telah disahkan melalui Surat Keputusan Direksi No. PH                     Baturaja Tbk.
01.04/009/2019 tentang Pedoman Perilaku (Code of Conduct)
PT Semen Baturaja Tbk.


Pedoman Perilaku (Code of Conduct) merupakan sekumpulan                       The Code of Conduct comprises a set of commitments
komitmen yang terdiri dari etika usaha, etika kerja, dan etika                involving business ethics, work ethics, and ethics on specific
terhadap hal-hal khusus yang disusun untuk menjadi pedoman                    matters, which are structured to provide guidance that
yang mengatur, membentuk, dan mengendalikan kesesuaian                        regulates, shapes, and controls appropriate behavior for
perilaku, baik pengurus dan karyawan agar sejalan dengan                      both management and employees, in line with the Company’s
budaya Perusahaan dalam mendukung pencapaian visi dan                         culture to support the achievement of its vision and mission.
misi Perusahaan.


Secara terperinci, Pedoman Perilaku (Code of Conduct)                         In detail, the Code of Conduct regulates conflicts of interest,
mengatur benturan kepentingan, pemberian dan penerimaan                       giving and receiving of gifts, entertainment, donations,
hadiah, hiburan, pemberian donasi, perlindungan terhadap                      protection of information and Company assets, political
informasi dan harta Perusahaan, kegiatan politik, etika yang                  activities, ethics related to stakeholders, and reporting of
terkait dengan stakeholder, dan pelaporan atas pelanggaran                    violations and sanctions for violations.
serta sanksi atas pelanggaran.


Dalam hal ini, Perusahaan juga melakukan peninjauan dan                       The Company also reviews and updates the Code of Conduct
pemutakhiran secara berkala Pedoman Perilaku (Code of                         periodically to ensure its relevance to the needs of the
Conduct) yang berlaku di Perusahaan. Sehingga pedoman ini                     Company.
dapat diterapkan sesuai dengan kebutuhan Perusahaan.


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KEBERADAAN ETIKA BISNIS DAN ETIKA KERJA                                      BUSINESS ETHICS AND WORK ETHICS
PERUSAHAAN
Dalam mencapai visi dan misi Perusahaan, seluruh kegiatan                    In achieving the Company's vision and mission, all activities
berlandaskan pada nilai-nilai etika yang tidak hanya                         are based on ethical values that are not based solely on
berdasarkan pada tujuan ekonomis semata. Pedoman                             economic goals. The Company's Code of Conduct is made by
Perilaku (Code of Conduct) Perusahaan dibuat dengan                          referring to the values that are believed by every leader and
mengacu pada nilai-nilai yang diyakini oleh setiap pimpinan                  employee. Where the implementation of these guidelines is
dan karyawan. Penerapan pedoman ini dijabarkan dalam                         described in the attitude and behavior of every management
sikap dan perilaku setiap pengurus dan karyawan di luar dan                  and employee inside and outside the Company.
di dalam Perusahaan.


Pedoman Perilaku (Code of Conduct) PT Semen Baturaja Tbk                     The Code of Conduct of PT Semen Baturaja Tbk comprises
meliputi Etika Usaha dan Etika Kerja. Etika Usaha merupakan                  two distinct sets of ethical standards, namely Business
standar perilaku usaha yang diterapkan Perusahaan sebagai                    Ethics and Work Ethics. The former establishes the norms
suatu entitas bisnis dalam berinteraksi dan berhubungan                      of business conduct applicable to the Company when
dengan Stakeholders, baik internal maupun eksternal.                         interacting with stakeholders, whether they are internal or
Sementara itu, Etika Kerja merupakan standar perilaku kerja                  external. The latter, on the other hand, outlines the guidelines
yang dipakai dalam menjalankan tugas untuk dan atas nama                     governing work behavior when performing duties on behalf
Perusahaan, maupun dalam berinteraksi dan berhubungan                        of the Company, as well as interacting with colleagues and
dengan sesama rekan kerja serta Stakeholders.                                stakeholders.


Pedoman Perilaku (Code of Conduct) ini menjadi landasan                      The Company’s Code of Conduct serves as the foundation
kegiatan usaha Perusahaan yang berlaku dan menjadi acuan                     for all its business activities and is a guiding principle for
bagi seluruh pengurus dan karyawan Perusahaan. Dalam                         both management and employees. By adhering to ethical
hal ini, Perusahaan meyakini bahwa kegiatan usaha yang                       values and corporate culture, the Company believes that its
bersinergi dengan pola etika dan budaya Perusahaan dapat                     business activities can be directed towards professionalism
mengarahkan seluruh komponen Perusahaan untuk bersikap                       and support for the Company’s success.
secara profesional sehingga menunjang Perusahaan untuk
mencapai keberhasilan usaha.


TUJUAN PELAKSANAAN KODE ETIK PERUSAHAAN                                      CODE OF CONDUCT IMPLEMENTATION OBJECTIVES
Pelaksanaan Kode Etik Perusahaan, bertujuan:                                 Implementation of the Company's Code of Conduct has the
                                                                             following objectives:
1. Memberikan pedoman atau kepastian perilaku yang                           1. Providing clear guidelines for management and employees
   harus ditaati oleh pengurus dan karyawan pada saat                              to follow when faced with challenging situations.
   berhadapan dengan situasi yang dilematis. Perilaku yang                         Consistent and predictable behaviors promote stability in
   konsisten dan konsekuen akan menciptakan keteraturan                            the Company’s management.
   dalam pengelolaan Perusahaan.
2. Menciptakan suasana kerja yang sehat dan nyaman                           2. Creating a safe and reassuring work environment for the
   dalam lingkungan internal Perusahaan serta melindungi                           Company’s internal stakeholders, while protecting them
   pengurus dan karyawan dari tekanan atau perilaku                                from undue pressure or manipulative behaviors.
   manipulatif yang mungkin terjadi di Perusahaan.
3. Mengurangi risiko kerugian akibat tuntutan pihak ketiga                   3. Reducing the risk of lawsuits by third parties resulting from
   akibat kelalaian yang dilakukan oleh pengurus dan                               negligence on the part of the Company’s management
   karyawan.                                                                       and employees.




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4. Mendorong      perbaikan        mutu         produk     dan      layanan    4. Encouraging the continuous improvement of the
   Perusahaan dan jika terus dikembangkan dan dikelola                            Company’s products and services, which can ultimately
   pada akhirnya akan menuju pada peningkatan reputasi/                           enhance the Company’s reputation.
   citra Perusahaan.
5. Apabila dilaksanakan secara konsisten, maka secara                          5. Consistent implementation of the Code of Conduct
   internal, Pedoman Perilaku ini akan mencegah terjadinya                        promotes integrity, honesty, and professionalism among
   benturan kepentingan, menciptakan integritas, kejujuran,                       the Company’s management and employees, preventing
   dan profesionalitas pengurus dan karyawan. Sedangkan                           conflicts of interest and improving the Company’s image
   secara eksternal, penerapan Pedoman Perilaku ini akan                          in the eyes of external parties.
   meningkatkan etos kerja bagi pengurus dan karyawan
   serta reputasi/citra Perusahaan di mata pihak eksternal.


ISI DAN MUATAN KODE ETIK                                                       CONTENT AND SUBSTANCE OF THE CODE OF CONDUCT
Pedoman Perilaku (Code of Conduct) yang diterapkan pada                        The Company’s Code of Conduct is mandatory and obligates
Perusahaan bersifat mengikat dan mewajibkan seluruh                            all levels of the organization, including both management
jajaran Perusahaan baik manajemen maupun karyawan untuk                        and employees, to adhere to these applicable laws and
taat kepada peraturan yang berlaku tersebut.                                   regulations.
1. Etika Usaha                                                                 1. Business Ethics
   Secara terperinci, etika usaha yang berlaku mengatur                           In detail, applicable business ethics regulate the
   perilaku Perusahaan terhadap:                                                  Company's behavior towards:
   a. Etika Perusahaan kepada Karyawan                                            a. Ethics of the Company towards Employees
       Perusahaan melandasi hubungan dengan karyawan                                    The Company aims to establish a relationship with
       bertujuan untuk memberikan yang terbaik, dengan                                  its employees that is based on mutual respect,
       menjunjung tinggi sikap saling menghormati, bekerja                              cooperation, and the principles of transparency and
       sama serta menerapkan prinsip keterbukaan dan                                    fairness. Several behaviors developed in interacting
       keadilan. Beberapa perilaku yang dikembangkan                                    with employees are as follows:
       dalam berinteraksi dengan karyawan, antara lain:


       Menghormati hak dan kewajiban karyawan seperti                                   Respecting the rights and obligations of employees
       yang tertuang dalam aturan Perusahaan yang berlaku,                              stipulated          in      applicable           Company       regulations.
       menjunjung tinggi kerja sama yang baik berdasarkan                               Upholding good cooperation based on trust and
       kepercayaan dan saling menghargai satu sama lain,                                mutual respect of one another. Developing policies
       mengembangkan kebijakan yang terkait dengan hak                                  related to employees’ rights and obligations. Creating
       dan kewajiban karyawan, menciptakan lingkungan                                   a safe and conducive working environment that
       kerja yang aman dan kondusif yang memungkinkan                                   allows employees to be creative and innovative.
       karyawan       dapat        berkreasi         dan       berinovasi,              Employing employees based on the Company’s
       mempekerjakan karyawan atas dasar kebutuhan                                      needs while taking into account their qualifications
       Perusahaan dengan memperhatikan kualifikasi dan                                  and           job   specifications.               Supporting     employee
       spesifikasi    jabatan,       mendukung           pengembangan                   career development within the Company through a
       karier, adanya sistem reward dan punishment,                                     reward and punishment system. Fostering a working
       adanya suasana kebersamaan dalam mencapai                                        atmosphere of togetherness in the effort to achieve
       tujuan Perusahaan, menjaga privasi karyawan dan                                  Company goals. Maintaining the privacy of employees
       membangun suasana komunikasi dan keterbukaan.                                    and building an environment for good communication
                                                                                        and transparency.




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b. Etika Perusahaan terkait Serikat Karyawan                                    b. Ethics of the Company towards Labor Union
   Perusahaan mengakui Serikat Karyawan sebagai                                          The Company recognizes the Labor Union as a
   organisasi yang sah untuk mewakili dan bertindak                                      legitimate organization representing and acting on
   untuk dan atas nama anggota/karyawan yang                                             behalf of its members/employees who have working
   mempunyai hubungan kerja dengan pihak Perusahaan.                                     relations with the Company. In interacting with the
   Beberapa    perilaku         yang       dikembangkan    dalam                         Labor Union, the Company adheres to the following
   berinteraksi dengan Serikat Karyawan, antara lain:                                    behaviors:


   Serikat Karyawan dijamin untuk dapat menyelesaikan                                    The Labor Union is guaranteed to receive solutions
   keluhan-keluhan yang disampaikan secara langsung                                      to their complaints submitted directly by members/
   oleh anggota/ karyawan tanpa mengatasnamakan                                          employees, not on behalf of the union, to the Company
   serikat kepada Perusahaan maupun melalui Serikat                                      or through the Labor Union. The Labor Union does
   Karyawan, Serikat Karyawan tidak mencampuri                                           not interfere with the Board of Directors in the
   Direksi dalam pengelolaan Perusahaan, kecuali yang                                    management of the Company, except in matters
   menyangkut ketenagakerjaan atau yang berdampak                                        related to manpower or that affect manpower issues.
   pada ketenagakerjaan.
c. Etika Perusahaan kepada Pemegang Saham                                       c. Ethics of the Company towards Shareholders:
   Hubungan yang dibangun Perusahaan dan Pemegang                                        The relationship between the Company and its
   Saham dilandasi keinginan untuk berbuat yang                                          shareholders is built on the intention to act in the best
   terbaik dengan memperhatikan prinsip keterbukaan                                      possible manner, with consideration for the principles
   dan keadilan. Beberapa perilaku yang dikembangkan                                     of transparency and fairness. Several behaviors
   dalam berinteraksi dengan pemegang saham, antara                                      developed for interacting with shareholders include
   lain:                                                                                 the following:


   Menyelenggarakan komunikasi dengan Pemegang                                           Communicating with shareholders in accordance with
   Saham sesuai dengan praktik bisnis yang lazim,                                        customary business practices. Fulfilling the rights of
   menjaga dan memenuhi hak-hak Pemegang Saham                                           shareholders by taking into account the principles of
   dengan memerhatikan prinsip kesetaraan (equal                                         equal treatment in accordance with the provisions of
   treatment) sesuai dengan ketentuan Anggaran Dasar                                     the Company’s Articles of Association and applicable
   Perusahaan dan peraturan perundang-undangan                                           laws and regulations. Implementing the resolutions
   yang berlaku, melaksanakan keputusan yang telah                                       established in the General Meeting of Shareholders.
   ditetapkan dalam RUPS dan menjaga reputasi                                            Maintaining the reputation of the Company.
   Perusahaan.
d. Etika Perusahaan kepada Pelanggan                                            d. Ethics of the Company towards Customers
   Hubungan Perusahaan dengan pelanggan dilandasi                                        The Company's relationship with customers is based
   keinginan untuk memberikan pelayanan yang terbaik,                                    on the desire to provide the best service, through
   melalui penerapan sikap jujur dan saling menghormati,                                 implementing an attitude of honesty and mutual
   kerja sama dan keadilan serta melakukan pembinaan                                     respect, cooperation and fairness as well as providing
   dan pemberian sanksi/penghargaan terhadap unjuk                                       guidance and providing sanctions/rewards for the
   kerja pada distributor dan ekspeditur. Beberapa                                       performance of distributors and forwarders. Some of
   perilaku yang dikembangkan dalam berinteraksi                                         the behaviors developed in interacting with customers
   dengan pelanggan, antara lain:                                                        include:




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      Menghormati hak-hak pelanggan sesuai dengan                                  Respecting the rights of customers in accordance
      peraturan         yang          berlaku,          mengutamakan               with applicable regulations, prioritizing the Company’s
      kualitas layanan Perusahaan kepada Pelanggan,                                service quality to customers, paying attention
      memperhatikan dan menanggapi masukan dan keluhan                             to and responding to feedback and complaints
      dari pelanggan, menjaga kerahasiaan informasi                                from customers, maintaining the confidentiality
      mengenai pelanggan dan melakukan promosi sesuai                              of customer information, conducting promotions
      dengan etika dan Peraturan Perundang-Undangan                                in accordance with ethics and prevailing laws and
      yang berlaku serta menyediakan media komunikasi                              regulations, and providing communication media or
      bagi pelanggan.                                                              access for customers.
 e. Etika Perusahaan kepada Penyedia Barang dan Jasa                         e. Ethics of Company towards Suppliers of Goods and
                                                                                   Services
      Beberapa       perilaku      yang        dikembangkan         dalam          Some of the behaviors developed in this regard are as
      berinteraksi dengan penyedia barang dan jasa, antara                         follows:
      lain:
      Menyediakan informasi barang dan jasa yang                                   Provide comprehensive information on the goods
      dibutuhkan beserta tata cara dan prosedur pengadaan                          and services required, along with the procurement
      secara transparan dan objektif sesuai dengan                                 process and procedures in a transparent and
      ketentuan yang berlaku, melaksanakan pengadaan                               objective manner in accordance with applicable
      barang dan jasa secara transparan dengan memilih                             regulations. Conduct procurement of goods and
      rekanan yang memenuhi persyaratan sesuai dengan                              services in a transparent manner by selecting
      ketentuan yang berlaku, membuat kesepakatan                                  partners who meet the requirements specified in the
      kerja dengan rekanan yang dituangkan dalam suatu                             applicable regulations. Establish a work agreement
      dokumen tertulis berdasarkan itikad baik dan saling                          with the partners, based on good intentions and
      menguntungkan, menjaga keamanan dan kerahasiaan                              mutual benefits, and document it in writing. Ensure
      serta membatasi akses dari pihak-pihak yang tidak                            the security, confidentiality, and restricted access
      berhak atas data dan informasi rekanan yang bersifat                         to the partners’ confidential data and information by
      rahasia                                                                      unauthorized parties.
 f. Etika Perusahaan kepada Pemerintah                                       f. Ethics of the Company towards the Government
      Beberapa       perilaku      yang        dikembangkan         dalam          Some of the behaviors developed in interacting with
      berinteraksi dengan Pemerintah sebagai regulator,                            the Government as a regulator include:
      antara lain:
      Mematuhi       peraturan         perundang-undangan              dan         Compliance with prevailing laws, regulations, and
      peraturan perusahaan Indonesia yang terkait dengan                           company policies in Indonesia that are related to
      bisnis    Perusahaan,         mendukung           program       yang         the Company’s business. Additionally, the Company
      direncanakan Pemerintah sesuai dengan kebijakan                              supports programs set by the government and
      Perusahaan, membangun kerja sama dengan pihak                                develops cooperation with other parties that align
      lain yang sejalan dengan ketentuan dan kepentingan                           with the provisions and interests of the country.
      negara.
 g. Etika Perusahaan kepada Masyarakat                                       g. Ethics of the Company towards the Public
      Beberapa       perilaku      yang        dikembangkan         dalam          Several behaviors developed in interacting with the
      berinteraksi dengan masyarakat, antara lain:                                 communities include the following:
      Membangun dan membina hubungan yang harmonis                                 The Company shall establish and foster harmonious
      dengan masyarakat sekitar, menjunjung tinggi dan                             relationships with the surrounding communities. The
      menghormati nilai-nilai positif dan budaya yang                              Company shall uphold and respect the positive values
      dianut masyarakat sekitar, memelihara lingkungan                             and culture of the local communities, and maintain a
      hidup yang bersih sehat di sekitar Perusahaan,                               clean and healthy environment around the Company.
      mendukung aktivitas sosial masyarakat setempat                               The       Company    shall      support          local   community
      yang mempunyai manfaat, baik secara langsung                                 social activities that have positive benefits for the




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                     Management Discussion and Analysis         Good Corporate Governance                   Corporate Social and Environmental Responsibility




     maupun tidak langsung bagi Perusahaan, menjalankan                                            Company, both directly and indirectly. The Company
     program-program sosial yang melibatkan masyarakat                                             shall conduct social programs that involve the local
     sekitar dan menyediakan mekanisme dan media                                                   communities and provide mechanisms and media for
     komunikasi dengan masyarakat.                                                                 communication with the communities.
h. Etika Perusahaan kepada Pesaing Beberapa perilaku                                      h. Ethics of the Company towards Competitors
     yang dikembangkan dalam berinteraksi dengan                                                   Several behaviors developed in interacting with
     pesaing, antara lain:                                                                         competitors include:
     Tidak    melakukan           praktik-praktik           bisnis     yang                        Abstaining from business practices that violate
     melanggar undang-undang persaingan usaha, tidak                                               regulations applicable in business competition,
     melakukan kerja sama dengan pesaing yang dapat                                                avoiding any cooperation with competitors that may
     merugikan pelanggan, tidak mendiskreditkan pesaing                                            discredit customers, refraining from discrediting
     dalam kegiatan pemasaran, promosi dan periklanan                                              competitors in marketing activities, promotions,
     serta memperoleh informasi mengenai pesaing                                                   and advertisements, and refraining from violating
     dengan tidak melanggar peraturan perundang-                                                   prevailing laws and regulations in order to obtain
     undangan yang berlaku.                                                                        information on competitors.
i.   Etika Perusahaan kepada Asosiasi Semen Indonesia                                     i.       Ethics of the Company towards the Indonesian
                                                                                                   Cement Association
     Beberapa       perilaku        yang       dikembangkan          dalam                         Some of the behaviors developed in interacting with
     berinteraksi dengan Asosiasi Semen Indonesia,                                                 the Indonesian Cement Association include:
     antara lain:


     Mematuhi kode etik yang dikeluarkan asosiasi,                                                 Adherence to the code of conduct issued by the
     menjalin kerja sama antar anggota asosiasi yang                                               association, establishment of cooperation with other
     saling menguntungkan dengan tetap mengutamakan                                                members of the association based on mutual benefit
     kepentingan Pelanggan.                                                                        while prioritizing the interests of the customers.
j.   Etika Perusahaan kepada Kreditur                                                     j.       Ethics of the Company towards Creditors
     Beberapa       perilaku        yang       dikembangkan          dalam                         Some of the behaviors developed in interacting with
     berinteraksi dengan Kreditur, antara lain:                                                    creditors include:


     Menyediakan informasi yang aktual dan prospektif                                              Providing     actual         and        prospective          information
     bagi    calon     Kreditur,          memilih         Kreditur     yang                        to   potential creditors, Selecting credible, bona
     memiliki kredibilitas dan bonafiditas yang dapat                                              fide, accountable, and corruption-free creditors
     dipertanggungjawabkan serta bebas korupsi, kolusi                                             based on the principles of prudence, selectivity,
     dan nepotisme (KKN) dengan mengedepankan prinsip                                              competitiveness, and fairness Accepting, legitimate
     kehati-hatian, selektif, kompetitif dan adil, menerima                                        capital loans based on legally binding and balanced
     pinjaman modal yang diikat melalui perjanjian yang                                            agreements that are mutually beneficial and adhere to
     sah, berimbang dan saling menguntungkan dan tetap                                             the principles of fairness Providing, open information
     mengutamakan           prinsip        kewajaran,        memberikan                            about the use of funds to improve creditor trust
     informasi secara terbuka tentang penggunaan dana                                              Seeking business opportunities with creditors to
     untuk meningkatkan kepercayaan Kreditur, menjajaki                                            increase the Company’s growth.
     peluang usaha dengan Kreditur untuk meningkatkan
     pertumbuhan Perusahaan.
k. Etika Perusahaan kepada Investor                                                       k. Ethics of the Company towards Investors
     Beberapa       perilaku        yang       dikembangkan          dalam                         Some of the behaviors developed in interacting with
     berinteraksi dengan Investor, antara lain:                                                    Investors include:
     Menjalin hubungan dengan Investor yang didasarkan                                             Establishing a relationship with investors based on
     pada persamaan, kesetaraan dan saling percaya,                                                equality, fairness, and mutual trust. Provide accurate
     menyediakan informasi yang aktual dan prospektif                                              and prospective information to potential investors,




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       bagi      calon    Investor,        mengusahakan          jaminan              attempt to provide investment security guarantees,
       keamanan investasi kepada Investor, menciptakan                                and create conducive conditions that generate high
       suasana kondusif yang membuat Investor memiliki                                levels of trust in the Company. Strive to meet the
       kepercayaan          tinggi          terhadap       Perusahaan,                optimal level of investment.
       mengupayakan pemenuhan tingkat pengambilan
       investasi secara optimal.
2. Etika Kerja                                                               2. Work Ethics
   Etika kerja Perusahaan mengatur etika, antara lain:                          The work ethics of the Company regulate certain conduct,
                                                                                including the following:
   a. Perilaku Atasan                                                        a. Supervisor Behavior
       Seorang atasan adalah pimpinan dan/atau karyawan                               Supervisors, who are authorized to lead other
       Perusahaan yang diberi kewenangan untuk memimpin                               employees, are subject to certain restrictions and
       karyawan lainnya dalam Perusahaan. Di dalam etika                              allowances in their actions.
       kerja terdapat perilaku atasan yang dilarang dan
       perilaku yang dibenarkan.
   b. Perilaku Bawahan                                                          b. Subordinate Behavior
       Seorang bawahan adalah orang yang bekerja di bawah                             Subordinates, who work under a supervisor’s guidance
       pengawasan orang lain dan bertanggung jawab untuk                              and are responsible for carrying out instructions in
       melaksanakan perintah atasan sesuai dengan tujuan                              accordance with Company objectives, must adhere to
       Perusahaan, di dalam etika kerja terdapat perilaku                             certain behaviors that are allowed or prohibited.
       bawahan yang dilarang dan perilaku yang dibenarkan.
   c. Perilaku Sesama Karyawan Perusahaan                                       c. Fellow Employee Behavior
       Setiap karyawan Perusahaan merupakan individu                                  Every Company employee contributes to achieving
       yang berkaitan satu sama lain dengan kontribusi                                the company’s goals in accordance with their roles
       dalam usaha pencapaian tujuan Perusahaan sesuai                                and responsibilities as outlined in the work ethics.
       dengan peran dan tanggung jawab yang ditetapkan                                Certain behaviors are permitted while others are
       di dalam etika kerja, di dalam etika kerja terdapat                            prohibited.
       perilaku sesama karyawan yang dilarang dan perilaku
       yang dibenarkan.


3. Etika terhadap Hal-Hal Khusus                                             3. Ethics regarding Specific Matters
   Etika perilaku dalam lingkungan Perusahaan juga                              Ethical behavior within the Company environment also
   mengatur hal-hal khusus, meliputi adanya benturan                            regulates specific matters, including conflicts of interest,
   kepentingan, praktik korupsi, kolusi dan nepotisme (KKN),                    corrupt practices such as collusion and nepotism (KKN),
   gratifikasi, jamuan bisnis, pencatatan, keterbukaan                          gratuities, business entertainment, documentation,
   dan kerahasiaan informasi, aktivitas politik, minuman                        transparency        and    confidentiality            of   information,
   keras, narkotika, obat terlarang, perjudian, penggunaan                      political activities, alcohol, narcotics, drugs, gambling,
   aset perusahaan, perilaku rapat, serta tanggung jawab                        use of company assets, meeting etiquette, as well as
   terhadap sosial dan lingkungan.                                              environmental responsibility.




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                    Management Discussion and Analysis    Good Corporate Governance           Corporate Social and Environmental Responsibility




PERNYATAAN BAHWA KODE ETIK BERLAKU BAGI ANGGOTA                               STATEMENT THAT THE CODE OF CONDUCT APPLIES TO
DIREKSI, ANGGOTA DEWAN KOMISARIS, DAN KARYAWAN                                MEMBERS OF THE BOARD OF DIRECTORS, BOARD OF
PERUSAHAAN                                                                    COMMISSIONERS AND EMPLOYEES OF THE COMPANY
Untuk memastikan seluruh organ perusahaan berkomitmen                         To ensure that all organs of the company are committed to
membangun etika dan budaya bisnis yang sehat, serta                           fostering a healthy business ethics and culture, as well as
membangun pemahaman, kepedulian dan komitmen di semua                         promoting understanding, concern, and commitment at
jajaran perusahaan, Semen Baturaja wajib menandatangani                       all levels, Semen Baturaja personnel are required to sign a
Surat Pernyataan Kepatuhan terhadap Pedoman Perilaku.                         Statement of Compliance with the Code of Conduct.


Penandatanganan Pernyataan Kepatuhan Pedoman Perilaku                         Signing the Code of Conduct Compliance Statement is a
ini merupakan bentuk pernyataan bahwa kode etik Perusahaan                    declaration that the company’s code of conduct applies to
berlaku bagi Dewan Komisaris, Direksi, dan Karyawan. Di                       the Board of Commissioners, Directors, and Employees. In
tahun 2023, sebanyak 4 (empat) Dewan Komisaris, 3 (tiga)                      2022, 4 (four) Commissioners, 3 (three) Directors, and 880
Direksi dan sebanyak 880 karyawan serta mitra usaha telah                     employees and business partners signed the Statement of
menandatangani Surat Pernyataan Kepatuhan terhadap                            Compliance with the Code of Conduct.
Pedoman Perilaku.


SOSIALISASI PEDOMAN ETIKA PERUSAHAAN                                          CODE OF CONDUCT DISSEMINATION
Perusahaan telah menyebarluaskan Pedoman Perilaku (Code                       The Company has disseminated a Code of Conduct
of Conduct) kepada seluruh pemangku kepentingan di semua                      to all stakeholders at all levels periodically to provide
tingkatan secara berkala untuk memberikan pemahaman                           comprehensive understanding.
secara komprehensif.


Per 31 Desember 2023, Perusahaan telah mempublikasikan                        As of December 31, 2023, the Company has published the Code
Pedoman Perilaku (Code of Conduct) melalui email blasting                     of Conduct via email blasting to all employees and business
kepada seluruh karyawan dan mitra usaha, website                              partners, the Company's website at www.semenbaturaja.
Perusahaan di www.semenbaturaja.co.id yang bisa diakses                       co.id which can be accessed by internal and external parties
oleh pihak internal maupun eksternal dan portal internal                      and the Company's internal portal http://10.10.2.105/
Perusahaan   http://10.10.2.105/intranetptsb/            yang     bisa        intranetptsb/ which can be accessed by all employees of the
diakses oleh seluruh Karyawan Perusahaan                                      Company.


PENEGAKAN ETIKA BISNIS DAN ETIKA KERJA                                        ENFORCEMENT OF BUSINESS ETHICS AND WORK ETHICS
PERUSAHAAN
Kode etik berlaku bagi Direksi, Dewan Komisaris dan                           The code of conduct applies to the Board of Directors, Board of
Karyawan Perusahaan. Penegakan terhadap pelanggaran                           Commissioners, and all employees of the Company. Violations
kode etik dilakukan secara serius yang dapat mengakibatkan                    of the code of conduct are taken seriously, and may result in
tindakan indisipliner sesuai dengan peraturan Perusahaan.                     disciplinary action in accordance with Company regulations.
Pelaksanaan pengawasan terhadap jalannya kode etik ini                        The responsibility for supervising the implementation of this
menjadi tanggung jawab setiap atasan.                                         code of conduct lies with each superior.




                                                                                                   2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                  571
Page 574
                              Ikhtisar Kinerja                 Laporan Manajemen             Profil Perusahaan          Tinjauan Unit Pendukung Bisnis
                              Performance Highlights           Management Report             Company Profile            Overview on Business Supports




                                          Bagan Penyebaran dan Penegakan Etika Perilaku Perusahaan
                                           Scheme of Distribution and Enforcement of Code of Conduct


                                                                      Penerapan Code of Conduct                                              Infrastruktur GCG
                                                                   Implementation of Code of Conduct                                         GCG Infrastructure



     Penandatanganan Pakta Integritas                                 Penyebaran Code of Conduct
         Signing of Integrity Pact                                  Dissemination of Code of Conduct


  Pelaporan pelanggaran Pedoman Perilaku
  kepada Department of Human Resource &                                                                                              Sistem Pelaporan Pelanggaran
                                                                       Penegakan Code of Conduct
          General Affair (HR & GA)                                                                                                       Whistleblowing System
                                                                     Enforcement of Code of Conduct
   Reporting of Code of Conduct Breach to
           Department of HR & GA

                                                Verifikasi Laporan Pelanggaran (WBS) oleh Department of Corporate Secretary,
                                             Tindak lanjut oleh Department of Internal Audit dan Department of Human Resources &
                                                                                 General Affair
                                              WBS Verification by Department of Corporate Secretary, followed up by Internal Audit
                                                              Department of and Human Resources & General Affair




                                                                         Laporan kepada Direksi
                                                                       Report to Board of Directors



                                                                                                                                Department of Human Resource &
   Keputusan Direksi untuk Sanksi Disiplin
                                                                            Penetapan Sanksi                                    General Affair untuk Sanksi Disiplin
            Sedang dan Berat
                                                                            Sanctions Imposed                                                 Ringan
    BOD Decision for Moderate and Major
                                                                                                                                 Department of HR & GA for Minor
                Disciplinary
                                                                                                                                      Disciplinary Sanction



SANKSI PELANGGARAN PEDOMAN PERILAKU                                                    SANCTIONS FOR VIOLATING THE CODE OF CONDUCT
Bagi Karyawan yang terbukti melakukan pelanggaran akan                                 In the event that an employee is found to have violated the
menerima sanksi atau bentuk disiplin lainnya sesuai dengan                             Code of Conduct, they will be subject to sanctions or other
peraturan yang telah ditetapkan dalam Perjanjian Kerja                                 disciplinary actions as specified in the Collective Labor
Bersama (PKB). Bentuk sanksi tersebut berupa:                                          Agreement (CLA). The sanctions may take the form of:
1. Teguran Lisan                                                                       1. Verbal Warning
2. Surat Peringatan I                                                                  2. Warning Slip I
3. Surat Peringatan II                                                                 3. Warning Slip II
4. Surat Peringatan III                                                                4. Warning Slip III
5. Pemutusan Hubungan Kerja (PHK)                                                      5. Termination of Employment (PHK)


Sedangkan pemberian sanksi terhadap anggota Direksi atau                               If members of the Board of Directors or the Board of
Dewan Komisaris yang melakukan pelanggaran terhadap                                    Commissioners violate the Code of Conduct, the General
Pedoman Perilaku menjadi kewenangan RUPS sesuai dengan                                 Meeting of Shareholders (GMS) has the authority to impose
peraturan yang berlaku. Adapun pelanggaran Pedoman                                     sanctions in accordance with applicable regulations. In the
Perilaku yang dilakukan oleh mitra kerja sanksi diberikan                              case of business partners who violate the Code of Conduct,
sesuai dengan kontrak, peraturan perundang-undangan dan                                sanctions are imposed in accordance with the contract, laws
keputusan Perusahaan.                                                                  and regulations, and decisions made by the Company




572         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 575
                       Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis          Good Corporate Governance             Corporate Social and Environmental Responsibility




JUMLAH LAPORAN PELANGGARAN KODE ETIK                                                   TOTAL VIOLATIONS TO THE CODE OF CONDUCT VIOLATIONS
Sebagai    upaya     untuk      menerapkan              dan    menegakkan              To implement and enforce ethical business practices, the
pelaksanaan bisnis yang beretika, Perusahaan menyediakan                               Company has established a Whistleblowing facility in its
sarana laporan pelanggaran kode etik dengan melibatkan                                 code of conduct, which involves both the management and
pengurus dan karyawan Perusahaan, melalui:                                             employees of the Company. The facility is provided through:
Website : wbs.semenbaturaja.co.id                                                      Website : wbs.semenbaturaja.co.id
Email : wbs.smbr@sig.id                                                                Email : wbs.smbr@sig.id


Surat dengan menuliskan kode WBS pada bagian luar amplop                               Letter by writing the WBS code on the outside of the
surat yang ditujukan kepada:                                                           envelope addressed to:
VP of Corporate Secretary                                                              VP of Corporate Secretary
PT Semen Baturaja Tbk                                                                  PT Semen Baturaja Tbk
Jl. Abikusno Cokrosuyoso, Kertapati,                                                   Jl. Abikusno Cokrosuyoso, Kertapati,
Palembang, Sumatra Selatan 30258                                                       Palembang, Sumatra Selatan 30258


Adapun, penanganan dan pelanggaran kode etik di Perusahaan                             Meanwhile, the handling and management of violations of
dilakukan oleh Department of Human Resource & General                                  the Company’s Code of Conduct is the responsibility of the
Affair. Di tahun 2023, terdapat 10 (sepuluh) pelanggaran kode                          Department of Human Resources & General Affairs. In 2023,
etik dengan rincian sebagai berikut:                                                   there were 10 (ten) cases of Code of Conduct violations with
                                                                                       the following details:
      Jenis Sanksi / Type of Sanction                       Jumlah / Total                            Bentuk Pelanggaran / Type of Breach
                                                                                      Pelanggaran Disiplin Kerja, Etika Kerja, dan Keselamatan Kerja /
Teguran Lisan / Verbal Warning                                    4
                                                                                      Violation on Work Discipline, Work Ethics, and Work Safety
                                                                                      Pelanggaran Disiplin Kerja, Etika Kerja, dan Keselamatan Kerja /
Surat Peringatan I / Warning Slip I                                1
                                                                                      Violation on Work Discipline, Work Ethics, and Work Safety
Pemutusan Hubungan Kerja / Termination
                                                                  5                   Pelanggaran Bersifat Mendesak / Urgent Violation
of Employment
Jumlah / Total                                                    10



                                                            Tren Pelanggaran Kode Etik 2022-2023 /
                                                            Trends in Code of Conduct Violations in
                                                            2022-2023

                                                                          13
                                                                                              10




                                                                       2022                 2023




                                                                                                              2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                             573
Page 576
                             Ikhtisar Kinerja               Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report      Company Profile     Overview on Business Supports




Laporan Harta Kekayaan Penyelenggaraan Negara
State Official Wealth Report

Salah satu upaya yang senantiasa perusahaan lakukan                             n effort of the Company to always maintain and adhere to the
untuk terus menjaga serta mempertahankan prinsip Tata                           principles of Good Corporate Governance is by committing to
Kelola Perusahaan yang Baik adalah dengan berkomitmen                           preventing corrupt practices which are manifested through
mencegah       praktik    korupsi        yang         diwujudkan     melalui    the submission of State Official Wealth Reports (LHKPN). The
penyampaian Laporan Harta Kekayaan Penyelenggara                                LHKPN is a government program to ensure clean governance,
Negara (LHKPN). LHKPN ini merupakan program Pemerintah                          including in State-Owned Enterprises (SOEs). As a SOE
dalam mewujudkan Pemerintahan yang bersih, termasuk di                          subsidiary that adheres to all applicable regulations, the
lingkungan Badan Usaha Milik Negara (BUMN). Sebagai anak                        Company has established guidelines for managing LHKPN
perusahaan BUMN yang senantiasa patuh terhadap peraturan                        within the organization.
yang ada, Perusahaan mengatur pengelolaan LHKPN di
lingkungan Perusahaan.


DASAR HUKUM PENYAMPAIAN LHKPN                                                   LEGAL BASIS OF LHKPN SUBMISSION
Berdasarkan Surat Edaran Menteri BUMN No. SE-12/                                In accordance with Circular Letter No. SE-12/MBU/10/2021
MBU/10/2021 tentang Kewajiban Penyampaian Laporan                               from the Minister of SOE, it is mandatory for officials within
Harta Kekayaan Penyelenggara Negara (LHKPN) Bagi Pejabat                        the SOE environment to submit their State Officials’ Wealth
di Lingkungan BUMN dan dalam mewujudkan Perusahaan                              Reports (LHKPN) to the Corruption Eradication Commission
BUMN yang Bersih dari Praktik Korupsi, Kolusi, Nepotisme                        (KPK). This is a government program aimed at ensuring that
(KKN) serta penyalahgunaan wewenang, maka setiap                                SOE companies are free from corrupt practices, collusion,
pejabat penyelenggara negara di lingkungan BUMN memiliki                        nepotism (KKN), and abuse of authority.
kewajiban untuk melaporkan harta kekayaannya dalam
bentuk LHKPN kepada Komisi Pemberantasan Korupsi (KPK).


Selain itu, Perusahaan juga mengacu pada dasar hukum dan                        The Company also abides by the legal basis and regulations
Peraturan mengenai penyampaian LHKPN, yaitu Peraturan                           pertaining to the submission of LHKPN, which include
Komisi Pemberantasan Korupsi No. 7 Tahun 2016 tentang                           Corruption Eradication Commission Regulation No. 7 of
Tata Cara Pendaftaran, Pengumuman, dan Pemeriksaan                              2016 on Procedures for Registration, Announcement and
Harta Kekayaan Penyelenggara Negara, sebagaimana telah                          Inspection of State Officials Wealth, as most recently
diubah terakhir dengan Peraturan Komisi Pemberantasan                           amended by Corruption Eradication Commission Regulation
Korupsi No. 2 Tahun 2020 tentang Perubahan Atas Peraturan                       No. 2 of 2020 on Amendments to Corruption Eradication
Komisi Pemberantasan Korupsi No. 7 Tahun 2016 tentang                           Commission Regulation No. 7 of 2016 on Procedures for
Tata Cara Pendaftaran, Pengumuman, dan Pemeriksaan                              Registration, Announcement and Inspection of State Officials
Harta Kekayaan Penyelenggara Negara.                                            Wealth;


Berkaitan dengan hal tersebut, Perusahaan telah menyusun                        To comply with these regulations, the Company has prepared
Pedoman Penyampaian Laporan Harta Kekayaan bagi Pejabat                         Guidelines for Submission of Wealth Reports for Officials at
di lingkungan PT Semen Baturaja Tbk, yang secara berkala                        PT Semen Baturaja Tbk which was last amended in Board of
terus disempurnakan, terakhir melalui Surat Keputusan                           Directors Decree No. PH.01.04/068/2022 dated August 15,
Direksi No. PH.01.04/068/2022 tanggal 15 Agustus 2022                           2022 on LHKPN Mandatory Submission for Employees of PT
tentang Kewajiban Penyampaian LHKPN Karyawan PT Semen                           Semen Baturaja Tbk.
Baturaja Tbk




574        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                    Analisis dan Pembahasan Manajemen       Tata Kelola Perusahaan yang Baik              Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis      Good Corporate Governance                     Corporate Social and Environmental Responsibility




PEJABAT YANG DIWAJIBKAN MENYAMPAIKAN                                            OFFICIALS OBLIGATED TO SUBMIT LHKPN
LHKPN
Berdasarkan Surat Keputusan Direksi No. PH.01.04/068/2022                       Based on the Board of Directors Decree No. PH.01.04/068/2022
tanggal 15 Agustus 2022 tentang Kewajiban Penyampaian                           dated August 15, 2022 on LHKPN Mandatory Submission for
LHKPN Karyawan PT Semen Baturaja Tbk, maka:                                     Employees of PT Semen Baturaja Tbk,


Pejabat yang diwajibkan untuk menyampaikan LHKPN adalah                         The officials required to submit LHKPN are as follows:
sebagai berikut:
a. Dewan Komisaris                                                              a. Board of Commissioners
b. Direksi                                                                      b. Board of Directors
c. BOD-1                                                                        c. BOD-1
d. BOD-2                                                                        d. BOD-2
e. BOD-3 (yang mendapatkan penugasan sebagai ketua                              e. BOD-3 (who is assigned as team leader, project leader, or
   tim, ketua proyek, atau posisi sejenis yang memiliki                               similar position that has the authority to manage budgets
   kewenangan untuk pengelolaan anggaran atau wewenang                                or the authority to sign POs/Contracts)
   penandatanganan PO/Kontrak)


UNIT PENGELOLAAN LHKPN                                                          LHKPN MANAGEMENT UNIT
Susunan kepengurusan Unit Pengelolaan LHKPN di PT Semen                         The management structure of the LHKPN Management Unit
Baturaja Tbk adalah sebagai berikut :                                           at PT Semen Baturaja Tbk is as follows:
1. Koordinator                                                                  1. Coordinator
   Senior Manager of HR Operation (Department of Human                                Senior Manager of HR Operation (Department of Human
   Resource & General Affair)                                                         Resource & General Affair)
2. Anggota                                                                      2. Member
   Manager of Recruitment & Industrial Relation (Department                           Manager of Recruitment & Industrial Relation (Department
   of Human Resource & General Affair)                                                of Human Resource & General Affair)


KETENTUAN PENYAMPAIAN LHKPN                                                     LHKPN SUBMISSION REQUIREMENTS
Ketentuan    penyampaian        LHKPN           diatur   dalam    Surat         LHKPN submission is regulated in Board of Directors Decree
Keputusan Direksi No. PH.01.04/068/2022 tanggal 15 Agustus                      No. PH.01.04/068/2022 dated August 15, 2022 on LHKPN
2022 tentang Kewajiban Penyampaian LHKPN Karyawan                               Mandatory Submission for Employees of PT Semen Baturaja
PT Semen Baturaja Tbk. Di mana penyampaian LHKPN ini                            Tbk. The submission of LHKPN must adhere to the following
memiliki ketentuan sebagai berikut:                                             guidelines:
1. Pejabat Perusahaan wajib menyampaikan LHKPN kepada                           1. Company officials are obligated to submit LHKPN to the
   KPK pada saat:                                                                     KPK under the following circumstances:
   a. Pengangkatan pada saat pertama kali menjabat:                                   a. Upon initial appointment as a Company Officer;
   b. Rotasi/perpindahan ke unit kerja berbeda;                                       b. Upon re-appointment as a Company Officer after the
                                                                                               end of their term or retirement; or
   c. Berakhirnya masa jabatan.                                                       c. Upon the end of their term or retirement as a Company
                                                                                               Officer.
2. Penyampaian LHKPN sebagaimana dimaksud dalam                                 2. LHKPN as referred to in point 1 above must be submitted
   poin 1 diatas disampaikan kepada KPK paling lambat                                 to the KPK no later than 3 (three) months from the first
   3 (tiga) bulan terhitung sejak pengangkatan pertama/                               appointment, re-appointment, termination of position, or
   pengangkatan kembali/berakhirnya jabatan atau pensiun.                             retirement.
3. Penyampaian LHKPN selama menjabat sebagai Pejabat                            3. While serving as a Company Officer, submission of LHKPN
   Perusahaan dilakukan secara periodik setiap 1 tahun                                must occur periodically every year, no later than March 31
   sekali atas harta kekayaan yang diperoleh sejak tanggal 1                          of the following year for the wealth obtained from January
   Januari sampai 31 Desember dan dilaporkan paling lambat                            1 – December 31.
   tanggal 31 Maret tahun berikutnya


                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                              575
Page 578
                               Ikhtisar Kinerja             Laporan Manajemen            Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                               Performance Highlights       Management Report            Company Profile           Overview on Business Supports




REALISASI LHKPN                                                                       LHKPN REALIZATION
Jumlah pejabat yang wajib menyampaikan LHKPN di                                       The number of officials who are required to submit LHKPN to
Perusahaan pada tahun 2023 digambarkan pada tabel di                                  the Company in 2023 is depicted in the table below:
bawah ini:
                                                                 Jumlah Wajib Lapor /                        Telah Melaporkan / Completed Submission
                    Pejabat / Official                             Total Mandatory
                                                                       Officials                             Jumlah / Total                          %

Dewan Komisaris / Board of Commissioners                                        3                                  3                                100 %
Direksi / Board of Directors                                                    3                                  3                                100 %
BOD-1 (Vice President)                                                          18                                 18                               100%
BOD-2 (Senior Manager)                                                          66                                66                                100%
BOD-3 (Manager)                                                                 22                                22                                100%
Jumlah / Total                                                                  112                               112                               100%




Kebijakan Anti Korupsi
Anti-Corruption Policies

PROGRAM DAN PROSEDUR YANG DILAKUKAN                                                   PROGRAMS AND PROCEDURES IMPLEMENTED IN
DALAM MENGATASI PRAKTIK KORUPSI, BALAS                                                ADDRESSING CORRUPTION, KICKBACKS, FRAUD,
JASA (KICKBACKS), FRAUD, SUAP DAN/ATAU                                                BRIBES AND/OR GRATUITIES
GRATIFIKASI
Perusahaan senantiasa berusaha menjalankan praktik                                    The Company always strives to conduct business practices
bisnis yang bersih dan bebas dari potensi korupsi dan suap                            that are transparent and free from corruption and bribery. It
serta mendukung upaya pencegahan dan pemberantasan                                    supports efforts to prevent and eradicate corruption within
korupsi di Perusahaan. Adanya kebijakan ini diharapkan                                its operations while increasing stakeholders’ trust. To this
dapat terus menjaga serta meningkatkan kepercayaan                                    end, it has established an Anti-Bribery Policy and Gratuities
stakeholders terhadap Perusahaan. Upaya untuk mengatasi                               Control Guidelines to regulate its employees’ conduct and
praktik korupsi, balas jasa (kickbacks), fraud, suap dan/atau                         prevent corrupt practices, kickbacks, fraud, bribery, and
gratifikasi di lingkungan Perusahaan diatur dalam Kebijakan                           gratuities.
Anti Penyuapan serta Pedoman Pengendalian Gratifikasi.


Perusahaan memiliki komitmen terhadap Anti Korupsi                                    The Company’s commitment to anti-corruption is reflected
yang dimuat dalam Surat Pernyataan Kepatuhan terhadap                                 in the Declaration of Compliance with the Code of Conduct
Pedoman Perilaku serta Pakta Integritas yang ditandatangani                           and the Integrity Pact signed by its management, employees,
baik oleh pengurus maupun karyawan serta rekan bisnis                                 and business partners. The Company has also established
perusahaan. Selain itu, Perusahaan melengkapi kebijakan                               additional policies, such as GCG Guidelines, Code of Conduct,
Anti Korupsi dengan kebijakan lainnya yang berkaitan dengan                           Due Diligence Test SOP, and Whistleblowing System SOP.
upaya pencegahan terhadap korupsi berupa Pedoman GCG,
Pedoman Perilaku, SOP Uji Kelayakan (Due Diligence) serta
Prosedur Pelaporan Pelanggaran/Whistleblowing System.


Pada tahun 2023 sebagai bagian dari penerapan manajemen                               As part of the Company risk management in 2023, potential
risiko di Perusahaan, dilakukan identifikasi terhadap adanya                          risks related to corruption, fraud, bribery and Gratuity will
potensi risiko terkait korupsi, fraud, suap serta gratifikasi                         be identified as well as mitigation plans for the prevention
serta rencana mitigasi untuk proses pencegahan. Monitoring                            process. Monitoring and evaluation of these risks is carried out
dan evaluasi atas risiko tersebut dilakukan secara berkala                            periodically to ensure the effectiveness of implementation.
untuk memastikan efektivitas pelaksanaannya.




576          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 579
                    Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis             Good Corporate Governance               Corporate Social and Environmental Responsibility




PELATIHAN/SOSIALISASI ANTI KORUPSI                                                     ANTI-CORRUPTION TRAINING/DISSEMINATION
Sosialisasi atas kebijakan dan prosedur yang dimiliki oleh                             Dissemination of the Company's policies and procedures is
Perusahaan secara berkala dilakukan, untuk meningkatkan                                carried out regularly to increase awareness in supporting
awareness dalam mendukung upaya pencegahan dan                                         efforts to prevent and eradicate corruption. Furthermore, the
pemberantasan korupsi. Selain itu, Perusahaan juga                                     Company also carried out training and awareness in the form
melaksanakan pelatihan dan awareness berupa :                                          of:
1. Partisipasi pada Webinar “Optimalisasi Upaya Bersih-                                1. Participation in the Webinar "Optimizing Efforts to Clean
   Bersih Korupsi di BUMN” oleh Visi Integritas - MERCOF                                     Up Corruption in SOE" by Vision Integrity - MERCOF Law &
   Law & Governance pada 7 Juni 2023.                                                        Governance on June 7, 2023.
2. Pelatihan Tata Kelola (Governance), Risiko (Risk),                                  2. Governance, Risk and Compliance training by BPKP on
   Kepatuhan (Compliance) oleh BPKP pada 24 Juli 2023.                                       July 24, 2023.
3. Bimbingan    Teknis     “Pengendalian                 dan   Pencegahan              3. Technical        Guidance             "Controlling              and   Preventing
   Gratifikasi, Suap dan Korupsi” oleh Kasatgas Direktorat                                   Gratuity, Bribery and Corruption" by the Head of the
   AKBU – Komisi Pemberantasan Korupsi (KPK) pada 8                                          AKBU Directorate Task Force - Corruption Eradication
   Agustus 2023.                                                                             Commission (KPK) on August 8 2023.


Perusahaan   juga   turut       berpartisipasi             dalam      rangka           The Company also participated in commemorating World
memperingati Hari Anti Korupsi Sedunia pada 9 Desember                                 Anti-Corruption Day on December 9, 2023 by publishing
2023 dengan mempublikasikan pesan Anti Korupsi melalui                                 anti-corruption messages through banners, easy access
pemasangan spanduk, aplikasi easy access, email blast dan                              applications, email blasts and the Company's social media.
media sosial Perusahaan.



Kebijakan Gratifikasi
Gratuity Policy

Perusahaan senantiasa berupaya dalam mewujudkan iklim                                  The Company always strives to foster a robust business
usaha yang sehat, menghindari tindakan ataupun perbuatan-                              environment, refraining from any conduct that may engender
perbuatan yang dapat menimbulkan konflik kepentingan,                                  conflicts of interest, corruption, collusion, or nepotism (KKN).
Korupsi, Kolusi dan Nepotisme (KKN). Upaya ini dilakukan                               This is achieved by adhering to Good Corporate Governance
dengan menjalankan prinsip GCG dengan mengedepankan                                    (GCG) principles, which prioritize the company’s interests
kepentingan Perusahaan di atas kepentingan pribadi,                                    over those of individuals, families, groups, or associations. To
keluarga, kelompok ataupun golongan. Berkaitan dengan                                  this end, the company’s anti-corruption policy is grounded in
hal tersebut, kebijakan Anti Korupsi Perusahaan didasari                               the implementation of multiple regulations, including:
penerapan beberapa peraturan di antaranya:
1. Undang-Undang No. 11 Tahun 1980 tentang Tindak Pidana                               1. Law No. 11 of 1980 on Bribery Crime.
   Suap.
2. Undang-Undang       No.        28       Tahun           1999      tentang           2. Law No. 28 of 1999 on Administration of a State that is
   Penyelenggaraan Negara yang Bersih dan Bebas dari                                         Clean and Free from Corruption, Collusion and Nepotism.
   Korupsi, Kolusi dan Nepotisme.
3. Undang-Undang No. 20 Tahun 2001 tentang Perubahan                                   3. Law No. 20 of 2001 on Amendments to Law No. 31 of 1999
   atas Undang-Undang No. 31 Tahun 1999 tentang                                              on Eradication of Corruption Crimes.
   Pemberantasan Tindak Pidana Korupsi.
4. Peraturan Komisi Pemberantasan Korupsi Republik                                     4. Regulation of the Corruption Eradication Commission of
   Indonesia No. 2 Tahun 2019 tentang Pelaporan Gratifikasi.                                 the Republic of Indonesia No. 2 of 2019 on Reporting of
                                                                                             Gratuities.




                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja               Laporan Manajemen       Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                            Performance Highlights         Management Report       Company Profile      Overview on Business Supports




Selanjutnya, Perusahaan juga berkomitmen untuk tidak                            Furthermore, the Company is committed to neither accepting
menerima dan meminta gratifikasi. Dalam hal ini, Perusahaan                     nor soliciting gratuities. In this regard, the Company has
telah mengeluarkan Pedoman Pengendalian Gratifikasi yang                        issued the Gratuity Control Guidelines, which were ratified
telah disahkan melalui Surat Keputusan Direksi PT Semen                         through the Board of Directors Decree of PT Semen Baturaja
Baturaja (Persero) Tbk No. PH.01.02/069/2018 tanggal 01                         (Persero) Tbk No. PH.01.02/069/2018 dated October 01,
Oktober 2018 tentang Pedoman Pengendalian Gratifikasi                           2018, and updated through Board of Directors Decree of PT
yang telah dimutakhirkan melalui Surat Keputusan Direksi PT                     Semen Baturaja (Persero) Tbk No. PH.01.04/144/2020 dated
Semen Baturaja (Persero) Tbk No. PH.01.04/144/2020 tanggal                      December 28, 2020 as part of our pledge to support the
28 Desember 2020 sebagai komitmen dalam mendukung                               implementation of Good Corporate Governance.
penerapan Tata Kelola Perusahaan yang Baik (Good Corporate
Governance).


Pedoman     Pengendalian         Gratifikasi         tersebut      memuat       The Gratuity Control Guidelines contain clear and detailed
dengan jelas dan terperinci tentang klasifikasi gratifikasi,                    information regarding the classification of Gratuity, its
pemanfaatan dan pengelolaan gratifikasi, pelaporan dan                          utilization and management, reporting, and sanctions.
sanksi.


PRINSIP DASAR PENGENDALIAN GRATIFIKASI                                          BASIC PRINCIPLES OF GRATUITY CONTROL
Dalam pengendalian gratifikasi, Perusahaan berprinsip pada:                     In controlling gratuities, the Company adheres to the
                                                                                principles of:
1. Semua Pengurus dan Karyawan Perusahaan dan/atau                              1. All personnel of the Company, including their families, are
   Keluarga dilarang menawarkan atau memberikan suap,                              strictly prohibited from providing or accepting any form
   gratifikasi dalam bentuk apa pun.                                               of bribery or gratuity.
2. Semua pengurus dan karyawan Perusahaan dan/atau                              2. The management and employees of the Company,
   keluarga dilarang meminta atau menerima secara                                  along with their families, are prohibited from soliciting
   langsung ataupun tidak langsung Gratifikasi dari                                or accepting Gratuity directly or indirectly from
   Stakeholders, Mitra Usaha dan/atau Pihak Ketiga karena                          stakeholders, business partners, or third parties due to
   jabatannya dan berlawanan dengan kewajiban atau                                 their position, which would contradict their obligations
   tugasnya yang diterima di dalam negeri maupun luar                              or duties in the country or overseas, and regardless of
   negeri dan yang dilakukan dengan sarana elektronik atau                         whether such Gratuity is conducted through electronic
   tanpa sarana elektronik.                                                        means or otherwise.
3. Semua Pengurus dan Karyawan Perusahaan dan/                                  3. All     Company     Personnel          and        their   families   are
   atau Keluarga bertanggung jawab mencegah dan                                    responsible for preventing corruption and ensuring the
   mengupayakan sistem pencegahan korupsi di lingkungan                            implementation of corruption prevention systems within
   instansi.                                                                       the Company.
4. Pengurus dan Karyawan Perusahaan dan/atau Keluarga                           4. The Company Personnel and their families are obligated
   wajib melakukan penolakan secara sopan dan santun                               to politely and respectfully refuse any Gratuity that does
   terhadap gratifikasi yang tidak sesuai dengan ketentuan                         not comply with the established guidelines and provide an
   yang diatur dalam pedoman ini, serta memberikan                                 explanation of such guidelines to the giver.
   penjelasan terkait pedoman ini kepada pihak pemberi.
5. Pengurus dan Karyawan Perusahaan harus melaporkan                            5. Company Personnel are required to report any instance of
   kepada      Unit   Pengendalian           Gratifikasi     (UPG)       atas      accepting, requesting, or refusing Gratuity to the Gratuity
   penerimaan, permintaan dan/atau penolakan gratifikasi                           Control Unit.
   yang telah dilakukan




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                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




KLASIFIKASI GRATIFIKASI                                                       GRATUITY CLASSIFICATION
Berdasarkan Pedoman Pengendalian Gratifikasi Semen                            As per the Semen Baturaja Gratuities Control Guidelines,
Baturaja, gratifikasi didefinisikan sebagai pemberian dalam                   Gratuity is defined as a wide-ranging term that encompasses
arti luas, yaitu meliputi pemberian uang, barang, rabat                       the giving of money, goods, rebates (discounts), commissions,
(diskon), komisi, pinjaman tanpa bunga, tiket perjalanan,                     interest-free loans, travel tickets, accommodation facilities,
fasilitas penginapan, perjalanan wisata, pengobatan cuma-                     sightseeing trips, free medical treatment, and other similar
cuma, dan fasilitas lainnya. Baik itu diterima di dalam maupun                facilities, whether received domestically or abroad and
di luar negeri dan yang dilakukan dengan menggunakan                          conducted through electronic or non-electronic means.
sarana elektronik atau tanpa sarana elektronik. Secara                        Gratuity is further classified into 3 categories for detailed
terperinci, gratifikasi dikelompokkan menjadi 3 (tiga). Di                    handling and management of the Gratuity:
mana pengklasifikasian ini akan menentukan penanganan/
pengelolaan dari gratifikasi tersebut, yaitu:
1. Gratifikasi yang Wajib Dilaporkan                                          1. Reportable Gratuity
   Gratifikasi yang berhubungan dengan jabatan dan                                  These are Gratuities obtained by management and
   berlawanan dengan kewajiban atau tugasnya, serta                                 employees in any form that are related to their position
   merupakan penerimaan dalam bentuk apa pun yang                                   and contrary to their obligations or duties. Also, Gratuities
   diperoleh pengurus dan karyawan dari pihak-pihak yang                            obtained from parties suspected of having a relationship
   diduga memiliki keterkaitan dengan jabatan penerima                              with the recipient’s position or being illegal must be
   atau tidak sah secara hukum.                                                     reported.
2. Gratifikasi yang Tidak Wajib Dilaporkan                                    2. Non-Reportable Gratuity
   Gratifikasi yang berlaku umum, tidak bertentangan dengan                         These are Gratuities that are generally accepted and do
   perundang-undangan yang berlaku, dipandang sebagai                               not conflict with applicable laws. They are considered a
   wujud ekspresi keramahtamahan atau penghormatan                                  form of hospitality or respect in social relations within
   dalam hubungan sosial dalam batasan nilai yang wajar                             reasonable limits of value. Gifts that are within the
   serta pemberian yang berada dalam ranah adat istiadat,                           customs, habits, and norms that exist in society are also
   kebiasaan dan norma yang ada dalam masyarakat dalam                              non-reportable within reasonable limits.
   nilai batas yang wajar.
3. Gratifikasi yang Terkait Kedinasan                                         3. Business-Related Gratuity
   Gratifikasi yang diterima oleh pengurus dan karyawan dan                         These are Gratuities received by management and
   ditujukan atau diperuntukkan kepada PT Semen Baturaja                            employees that are addressed or intended for PT Semen
   Tbk, bukan kepada personal.                                                      Baturaja Tbk, not for individuals.


PEMANFAATAN DAN PENGELOLAAN                                                   UTILIZATION AND MANAGEMENT OF GRATUITY
GRATIFIKASI
Perusahaan memiliki kebijakan terkait pemanfaatan dan                         The Company has a policy in place for the utilization and
pengelolaan gratifikasi. Pemanfaatan penerimaan gratifikasi                   management of gratuities. Gratuities received are utilized
ini dilakukan dengan dua cara, yakni digunakan oleh penerima                  in two ways: by the recipients to support their performance
untuk menunjang kinerja serta dimanfaatkan oleh Perusahaan                    and by the Company for operational activities, as well as for
untuk kegiatan operasional dan sebagai barang display atau                    display or library items.
perpustakaan.


Dalam hal ini, pengelolaan gratifikasi dilakukan oleh Unit                    The management of gratuities is carried out by the Gratuity
Pengendalian Gratifikasi (UPG) yang telah dibentuk sejak                      Control Unit (UPG), which was established in 2018. To perform
tahun 2018. Dalam melaksanakan tugas dan tanggung                             its duties and responsibilities, the UPG is assisted by an
jawabnya, UPG dibantu oleh admin unit yang ditunjuk                           administrative unit appointed or attached according to the
atau melekat sesuai job desk yang ditetapkan oleh Direksi                     job description stipulated by the Board of Directors regarding
mengenai tugas dan wewenang UPG.                                              the UPG’s duties and authorities.




                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja               Laporan Manajemen         Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                             Performance Highlights         Management Report         Company Profile     Overview on Business Supports




STRUKTUR UNIT PENGENDALIAN GRATIFIKASI                                            GRATUITY CONTROL UNIT STRUCTURE
Ketua Unit Pengendalian Gratifikasi (UPG) adalah Vice                             The Head of the Gratuity Control Unit (UPG) is the Vice
President of Corporate Secretary dengan Wakil Ketua Senior                        President of Corporate Secretary, and the Deputy Chair is the
Manager of Secretarial & Stakeholder Management. Di samping                       Senior Manager of Secretarial and Stakeholder Management.
itu, terdapat Direktur Utama yang berperan sebagai pengarah                       Additionally, the President Director serves as a director and
dan penanggung jawab. Unit Pengendalian Gratifikasi ini juga                      is responsible for the unit. The GCU is also supported by a
dilengkapi dengan sekretaris dan anggota. Per 31 Desember                         secretary and other members. As of December 31, 2023, the
2023, struktur Unit Pengendalian Gratifikasi adalah sebagai                       structure of the Gratuity Control Unit is as follows:
berikut:


                                                             PENGARAH & PENANGGUNG JAWAB /
                                                                Director and Person in Charge
                                                                      Direktur Utama /
                                                                      President Director




                                                                            KETUA /
                                                                           Chairman
                                                                   VP of Corporate Secretary




                                                                        WAKIL KETUA /
                                                                        Vice Chairman
                                                                SM of Secretarial & Stakeholder
                                                                         Management




                                                                        SEKRETARIS /
                                                                          Secretary
                                                            Manager of GCG & System Management




                                                                          ANGGOTA /
                                                                            Member
                                                                        GCG Junior Officer




TUGAS DAN WEWENANG UNIT PENGENDALIAN                                              DUTIES AND AUTHORITIES OF THE GRATUITY
GRATIFIKASI                                                                       CONTROL UNIT
Dalam memastikan pelaksanaan pengendalian gratifikasi                             In ensuring that the implementation of Gratuity control is
berjalan efektif, Perusahaan telah mengatur tugas dan                             effective, the Company has regulated the duties and authority
wewenang Unit Pengendalian Gratifikasi, yang mencakup:                            of the Gratuity Control Unit, which includes:
1. Melakukan        sosialisasi/diseminasi/internalisasi                  atas    1. Conduct socialization, dissemination, and internalization
   ketentuan gratifikasi dan penerapan pengendalian                                   of Gratuity regulations and the implementation of Gratuity
   gratifikasi.                                                                       control.
2. Melakukan kampanye anti gratifikasi.                                           2. Conduct anti-Gratuity campaigns.
3. Menerima,      menganalisis,          dan          mengadministrasikan         3. Receive, analyze, and manage reports of Gratuity
   laporan penerimaan gratifikasi.                                                    acceptance.
4. Menerima dan mengadministrasikan laporan penerimaan                            4. Receive and manage reports of gratuity receipts.
   gratifikasi.
5. Memberikan rekomendasi penanganan laporan gratifikasi,                         5. Provide recommendations on the handling of Gratuity
   rekomendasi penetapan kepemilikan objek gratifikasi,                               reports, determine the ownership of the reported Gratuity
   dan rekomendasi pemanfaatan objek gratifikasi yang                                 objects, and suggest the utilization of the reported
   dilaporkan                                                                         Gratuity objects.


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                      Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis             Good Corporate Governance                Corporate Social and Environmental Responsibility




6. Melakukan koordinasi, konsultasi, dan meneruskan                                      6. Coordinate, consult, and forward reports of Gratuity
   laporan     penerimaan           gratifikasi            dengan       Komisi                 acceptance to the Corruption Eradication Commission
   Pemberantasan Korupsi (KPK).                                                                (KPK).
7. Melakukan monitoring dan evaluasi terhadap pelaksanaan                                7. Monitor and evaluate the implementation of gratuity
   pengendalian gratifikasi di lingkungan Perusahaan.                                          controls within the Company’s environment.
8. Melaporkan hasil pengendalian gratifikasi kepada Direksi.                             8. Report the results of gratuity control to the Board of
                                                                                               Directors.
9. Melakukan koordinasi dengan unit atau bagian terkait                                  9. Coordinate with units or departments involved in the
   implementasi dan efektivitas pengendalian gratifikasi.                                      implementation and effectiveness of gratuity control.
10. Mengusulkan      kebijakan         pengelolaan,           pembentukan                10. Propose management policies for creating an anti-
   lingkungan anti gratifikasi, dan pencegahannya.                                             gratuity environment and preventing gratuity-related
                                                                                               incidents.
11. Melakukan konfirmasi kepada penerima dan/atau pihak                                  11. Provide confirmation to the recipient and/or third parties
   ketiga lainnya terkait laporan gratifikasi, jika diperlukan.                                regarding the gratuity report, if required.
12. Merumuskan petunjuk lebih lanjut yang diperlukan untuk                               12. Prepare        additional          guidelines            necessary   for    the
   pelaksanaan pengendalian gratifikasi di Perusahaan.                                         implementation of gratuity control within the Company.
13. Mengadministrasikan laporan kegiatan Unit Pengendali                                 13. Administer the activity reports of the Gratuity Control
   Gratifikasi.                                                                                Unit.
14. Menyimpan penerimaan gratifikasi dalam bentuk barang                                 14. Document the received gratuities in the form of non-
   yang tidak mudah busuk/rusak/cepat kadaluwarsa                                              perishable and non-expiring goods until the Corruption
   sebelum diputuskan penetapan status barang tersebut                                         Eradication Commission (KPK) decides on their status.
   oleh Komisi Pemberantasan Korupsi (KPK).
15. Melaporkan rekapitulasi laporan penerimaan, penolakan                                15. Report summary reports on the acceptance or rejection
   gratifikasi kepada Direksi setiap semester paling lambat                                    of gratuities to the Board of Directors every semester
   10 hari kerja setelah berakhirnya periode semester.                                         within 10 working days after the end of the semester
                                                                                               period.
16. Melaporkan     rekapitulasi         laporan            penerimaan         dan        16. Report summary reports of acceptance and rejection
   penolakan      gratifikasi      secara         periodik      ke      Komisi                 of gratuities periodically to the Corruption Eradication
   Pemberantasan Korupsi (KPK).                                                                Commission (KPK).
17. Melakukan pemantauan dan evaluasi dalam rangka                                       17. Monitor and evaluate the effectiveness of gratuity control.
   pengendalian gratifikasi


PELAPORAN DAN SANKSI                                                                     REPORTING AND SANCTIONS
Seluruh Insan Semen Baturaja atau pihak-pihak lain                                       All personnel of Semen Baturaja, as well as external parties
(pelanggan, mitra kerja, dan masyarakat) yang tidak terlibat                             such as customers, work partners, and members of the
secara langsung, namun mengetahui adanya pelanggaran                                     community who are not directly involved but become aware of
gratifikasi yang melibatkan pengurus dan karyawan dapat                                  any Gratuity violation involving management and employees,
melaporkan penerimaan gratifikasi melalui media pelaporan                                can report such instances through the reporting channels
yang disediakan oleh Perusahaan sebagai berikut:                                         provided by the Company, which are as follows:
Website: wbs.semenbaturaja.co.id                                                         Website: wbs.semenbaturaja.co.id
Email : wbs.smbr@sig.id                                                                  Email : wbs.smbr@sig.id


Selain itu, laporan juga dapat dikirimkan dalam bentuk surat                             Additionally, reports can also be submitted in the form of a
dengan menuliskan kode WBS pada bagian luar amplop surat                                 letter by clearly writing the Whistleblowing System (WBS)
yang ditujukan kepada:                                                                   code on the outside of the envelope and addressing it to:




                                                                                                                   2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja              Laporan Manajemen       Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                             Performance Highlights        Management Report       Company Profile          Overview on Business Supports




VP of Corporate Secretary                                                      VP of Corporate Secretary
PT Semen Baturaja Tbk                                                          PT Semen Baturaja Tbk
Jl. Abikusno Cokrosuyoso, Kertapati,                                           Jl. Abikusno Cokrosuyoso, Kertapati,
Palembang, Sumatra Selatan 30258                                               Palembang, Sumatra Selatan 30258


Pelanggaran       terhadap        ketentuan           dalam      Pedoman       Violations of the provisions in these Gratuity Control
Pengendalian Gratifikasi ini akan dikenakan sanksi sesuai                      Guidelines will be subject to sanctions in accordance with
dengan ketentuan dan peraturan yang sudah ditetapkan di                        the rules and regulations that have been established in the
Perusahaan.                                                                    Company.


PELATIHAN                                                                      TRAINING
Perusahaan senantiasa melaksanakan pelatihan terkait                           The Company always carries out training related to Anti-
sosialisasi Anti Korupsi dan Pengendalian Gratifikasi sebagai                  Corruption and Gratuity Control outreach as a commitment
komitmen terhadap Budaya Anti Korupsi dan Pengendalian                         to an Anti-Corruption Culture and Gratuity Control. In this
Gratifikasi. Terkait hal tersebut, Perusahaan akan terus                       regard, the Company will continue to plan regular training and
merencanakan pelatihan dan sosialisasi secara berkala.                         outreach. As of December 31, 2023, the Company has carried
Hingga 31 Desember 2023, Perusahaan telah melaksanakan                         out training related to the socialization of Anti-Corruption
pelatihan terkait sosialisasi Anti Korupsi dan Pengendalian                    and Gratuity Control in the Company, namely as follows:
Gratifikasi di Perusahaan, yaitu sebagai berikut:
              Waktu / Time                                                     Kegiatan Pelatihan / Training Activities
                                                 Webinar Pedoman Monitoring dan Evaluasi Program Pengendalian Gratifikasi Tahun 2023 oleh
Maret / March                                    Komisi Pemberantasan Korupsi / Webinar on Monitoring and Evaluation Guidelines for the 2023
                                                 Gratuity Control Program by the Corruption Eradication Commission
April, Juli, Oktober, Desember / April, E-Learning Bimtek Peningkatan Pemahaman Gratifikasi melalui aclc.kpk / E-Learning Technical
July, October, December                 Guidance to Increase Understanding of Gratuity via aclc.kpk
                                                 Webinar "Optimalisasi Upaya Bersih-Bersih Korupsi di BUMN" oleh Visi Integritas - MERCOF Law
Juni / June                                      & Governance / Webinar "Optimizing Efforts to Clean Up Corruption in SOE" by Vision Integritas -
                                                 MERCOF Law & Governance
                                                 Bimtek “Pengendalian dan Pencegahan Gratifikasi, Suap dan Korupsi” oleh Kasatgas Direktorat
                                                 AKBU – Komisi Pemberantasan Korupsi (KPK) / Technical Guidance "Controlling and Preventing
Agustus / August
                                                 Gratuity, Bribery and Corruption" by the Head of the AKBU Directorate Task Force - Corruption
                                                 Eradication Commission (KPK)



SOSIALISASI GRATIFIKASI                                                        GRATUITY DISSEMINATION
Perusahaan memiliki unit kerja yang berfokus pada                              The Company has a work unit that focuses on controlling
pengendalian gratifikasi di lingkungan Perusahaan melalui                      gratuities within the Company through the establishment of a
dibentuknya Unit Pengendalian Gratifikasi yang disahkan                        Gratuity Control Unit which was approved through Directors'
melalui Surat Keputusan Direksi No. PH.01.02/073/2021, di                      Decree No. PH.01.02/073/2021, under Corporate Secretary
bawah pengawasan VP of Corporate Secretary, yang memiliki                      who has the duties of managing, monitoring, reporting
tugas pengelolaan, pemantauan, pelaporan gratifikasi, dan                      gratuities, and carrying out Gratuity control functions within
menjalankan fungsi pengendalian gratifikasi di lingkungan                      the Company.
Perusahaan.


Per 31 Desember 2023, Unit Pengendalian Gratifikasi telah                      As of December 31, 2023, the Gratuity Control Unit has carried
melaksanakan sosialisasi, di antaranya:                                        out the following dissemination:
1. Sosialisasi mengenai Pedoman Pengendalian Gratifikasi                       1. Socialization        on     Gratuity          Control      Guidelines   and
   dan informasi pelaporan penerimaan dan penolakan                                information on reporting receipt and rejection of Gratuity.
   gratifikasi.
2. PSA Gratifikasi berupa video terkait gratifikasi, penyuapan                 2. Gratuity PSA in the form of videos related to Gratuity,
   dan tindak korupsi melalui aplikasi internal Perusahaan.                        bribery and acts of corruption through the Company's
                                                                                   internal applications.


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                     Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis   Good Corporate Governance              Corporate Social and Environmental Responsibility




3. Penyampaian Prinsip 4 No’s (No Bribery, No Kickback, No                    3. Delivery of the 4 Nos Principles (No Bribery, No Kickback,
   Gift & No Luxurious Hospitality) kepada karyawan.                                No Gifts & No Luxurious Hospitality) to employees.
4. Iklan larangan menerima atau meminta Gratifikasi dalam                     4. Advertisement prohibiting receiving or asking for
   rangka Hari Raya Idul Fitri.                                                     gratuities during Eid al-Fitr.
5. Larangan Korupsi dalam Rangka Hari Anti Korupsi                            5. Prohibition of Corruption in the Commemoration of
   Sedunia (HAKORDIA) juga diterbitkan melalui pemasangan                           World Anti-Corruption Day (HAKORDIA) is also published
   spanduk, easy access, email dan media sosial Perusahaan.                         through banners, easy access, email and the Company's
                                                                                    social media.


Selain itu, Perusahaan juga membuat alat peraga dalam                         Moreover, to support the implementation of gratuity control,
mengimplementasikan pengendalian gratifikasi, yaitu berupa                    the Company provides teaching aids such as gratuity roll-
roll-up banner gratifikasi, spanduk, stiker dan poster anti                   up banners, anti-bribery stickers placed in the Company’s
penyuapan, melalui aplikasi dan media sosial yang berlaku di                  premises, anti-bribery wallpaper domains, and gratuity
lingkungan Perusahaan.                                                        rejection reminders on PCs/laptops.


LAPORAN PENERIMAAN GRATIFIKASI DI TAHUN                                       GRATUITY RECEIPT REPORT IN 2023
2023
Per 31 Desember 2023, Perusahaan telah menerima adanya                        As of December 31, 2023, the Company had received 6 (six)
laporan gratifikasi sebanyak 6 (enam) laporan. Selanjutnya,                   reports of gratuities. All gratuity reports have been duly
seluruh laporan gratifikasi tersebut telah ditindaklanjuti                    followed up by the Company, which has distributed them to
oleh Perusahaan dengan cara disalurkan ke cleaning service                    orphanages, cleaning services, and underprivileged residents
serta warga kurang mampu yang berada di sekitar lingkungan                    in the Company’s vicinity.
Perusahaan.


MEKANISME PELAPORAN PENERIMAAN                                                GRATUITY RECEIPT REPORTING MECHANISM
GRATIFIKASI
Penerimaan, penolakan, dan permintaan gratifikasi wajib                       Acceptance, rejection, and requests for gratuities must be
dilaporkan oleh Pengurus dan Karyawan kepada Unit                             promptly reported by Semen Baturaja management and
Pengendalian Gratifikasi (UPG). Seluruh Insan Semen                           employees to the Gratuity Control Unit (UPG). All Semen
Baturaja dapat memberikan laporan secara langsung ke Unit                     Baturaja personnel can directly submit reports to the UPG
Pengendalian Gratifikasi (UPG), melalui email wbs.smbr@sig.                   through various channels, including email (wbs.smbr@sig.
id, telepon, media lain atau aplikasi sesuai mekanisme yang                   id), phone, other media, or applications within the applicable
berlaku.                                                                      mechanism.


Adapun tata cara pelaporannya adalah sebagai berikut:                         The procedures for reporting are as follow
1. Pelapor mengisi Formulir Pelaporan Gratifikasi yang                        1. Whistleblowers should fill out the Gratuity Reporting
   disediakan oleh UPG atau dapat mengunduh dari intranet                           Form provided by the UPG or download it from the GCG
   pada menu GCG disertai dokumen pendukung yang                                    menu on the intranet. The form should be accompanied
   berkaitan dengan gratifikasi paling lama 10 (sepuluh) hari                       by supporting documents related to the gratuities, and it
   kerja setelah tanggal penerimaan.                                                should be submitted no later than ten working days after
                                                                                    the date of receipt.
2. Dalam hal pelaporan penerimaan gratifikasi telah                           2. In the event that the report on the receipt of gratuities
   lewat dari 10 (sepuluh) hari kerja maka UPG tidak dapat                          is submitted after the deadline of ten working days,
   menerima laporan tersebut dan menyarankan kepada                                 the UPG cannot receive the report, and it recommends
   pelapor untuk melaporkan secara langsung kepada Komisi                           that the whistleblower report directly to the Corruption
   Pemberantasan Korupsi (KPK) baik tertulis maupun                                 Eradication Commission (KPK) either in writing or through
   melalui aplikasi Gol-KPK paling lambat 30 (tiga puluh)                           the Gol-KPK application no later than thirty working days.
   hari kerja. UPG tetap melakukan rekapitulasi terhadap                            The UPG will still recapitulate the delay in receiving the




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                              Ikhtisar Kinerja                 Laporan Manajemen      Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                              Performance Highlights           Management Report      Company Profile        Overview on Business Supports




   keterlambatan laporan penerimaan gratifikasi yang                                  reports of gratuities that have been submitted. If the
   disampaikan. Dalam hal pelaporan penerimaan gratifikasi                            report on the receipt of gratuities passes thirty working
   telah lewat 30 (tiga puluh) hari kerja sejak gratifikasi                           days since the date the gratuity was accepted, the
   tersebut diterima maka laporan gratifikasi tersebut tidak                          gratuity report cannot be followed up by the Corruption
   dapat ditindaklanjuti oleh Komisi Pemberantasan Korupsi                            Eradication Commission (KPK).
   (KPK).
3. Penerimaan Gratifikasi dalam bentuk sebagai berikut:                            3. Acceptance of Gratuities in the Following Forms:
   a. Penerimaan dalam bentuk barang yang mudah                                       a. Receipts in the form of perishable, damaged, or
       busuk/rusak/cepat kadaluwarsa dengan nilai lebih                                     quickly expired goods with a value of more than
       dari Rp200.000,- (dua ratus ribu rupiah), dilaporkan                                 Rp200,000,- (two hundred thousand rupiahs) must be
       paling lama 10 (sepuluh) hari kerja setelah tanggal                                  reported no later than 10 (ten) working days after the
       penerimaan.                                                                          date of receipt.
   b. Penerimaan dalam bentuk barang yang tidak                                       b. Receipts in the form of non-perishable, undamaged,
       mudah busuk/rusak/cepat kadaluwarsa dilaporkan                                       or goods that do not expire quickly must be reported
       paling lama 10 (sepuluh) hari kerja setelah tanggal                                  no later than 10 (ten) working days after the date of
       penerimaan.                                                                          receipt.
4. UPG wajib segera memberikan respons atas pelaporan                              4. The UPG must promptly acknowledge receipt of the
   penerimaan gratifikasi dari pelapor paling lambat dalam                            report on gratuities from the complainant within 7 (seven)
   jangka waktu 7 (tujuh) hari kerja setelah laporan diterima.                        working days.
5. Penetapan status dan perlakuan berdasarkan jenis                                5. The determination of status and treatment of received
   penerimaan gratifikasi yang diterima adalah sebagai                                gratuities is as follows:
   berikut:
   a. Barang yang mudah busuk/rusak/cepat kadaluwarsa.                                a. Perishable, damaged, or quickly expired goods:
       i)   Terhadap barang yang mudah busuk/rusak/                                         i)    Upon receipt of a report on gratuities, the
            cepat kadaluwarsa, setelah menerima laporan                                           Gratuities Control Unit (UPG) decides to distribute
            penerimaan gratifikasi oleh pelapor, maka Unit                                        the gratuities to designated parties as provided
            Pengendalian         Gratifikasi           (UPG)     menetapkan                       in Chapter II, Point 2.4, Points 3-5 of this Gratuity
            keputusan penyaluran penerimaan gratifikasi                                           Reporting Guideline submitted by the complainant.
            kepada pihak-pihak sesuai ketentuan pada Bab
            II Butir 2.4 angka 3-5 Pedoman ini pada Formulir
            Pelaporan Gratifikasi yang diajukan pelapor.
       ii) Pelapor wajib melaporkan penyaluran gratifikasi                                  ii) The complainant must report the distribution of
            tersebut paling lambat 10 (sepuluh) hari kerja                                        gratuities no later than 10 (ten) working days after
            setelah tanggal penerimaan disertai Bukti Tanda                                       the receipt date and provide proof of gratuity
            Terima Penyaluran Gratifikasi                                                         distribution.
   b. Barang        yang      tidak      mudah          busuk/rusak/cepat             b. For non-perishable goods, the Gratuities Control Unit
       kadaluwarsa. Terhadap barang yang tidak mudah                                        (UPG) must keep them in storage until ownership
       busuk/rusak/ cepat kadaluwarsa tersebut, maka                                        status is determined by the Corruption Eradication
       wajib disimpan oleh Unit Pengendalian Gratifikasi                                    Commission (KPK).
       (UPG) sampai dengan ditetapkan status kepemilikan
       oleh Komisi Pemberantasan Korupsi (KPK).
6. Unit Pengendalian Gratifikasi (UPG) melakukan verifikasi                        6. The GratuityControl Unit (UPG) verifies the completeness
   kelengkapan laporan sebelum melaporkan penerimaan                                  of gratuity reports and ensures that they are accompanied
   gratifikasi yang wajib dilaporkan disertai dengan                                  by all necessary supporting documents before submitting
   dokumen pendukung kepada Komisi Pemberantasan                                      them to the Corruption Eradication Commission (KPK) no
   Korupsi (KPK) paling lama 10 (sepuluh) hari kerja sejak                            later than 10 (ten) working days after the date of receipt.
   tanggal penerimaan laporan gratifikasi.




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                           Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                           Management Discussion and Analysis           Good Corporate Governance                Corporate Social and Environmental Responsibility




7. Dalam hal laporan gratifikasi tidak lengkap, maka laporan                                7. Incomplete gratuity reports are returned to the
   gratifikasi disampaikan kembali kepada pelapor untuk                                           complainant to be completed. If the gratuity report is
   dilengkapi. Apabila laporan gratifikasi sebagaimana                                            not completed within ten (10) working days from the date
   dimaksud tidak dilengkapi paling lama 10 (sepuluh) hari                                        of receipt of the report, the gratuity report cannot be
   kerja sejak tanggal penerimaan gratifikasi maka laporan                                        followed up.
   gratifikasi tidak dapat ditindaklanjuti.
8. KPK akan melakukan analisa, verifikasi, dan klasifikasi                                  8. The KPK will analyze, verify, classify and determine the
   serta       memberikan            penetapan             status      gratifikasi                status of the gratuity report submitted by the Gratuity
   atas laporan gratifikasi yang disampaikan oleh Unit                                            Control Unit (UPG) within a maximum of thirty (30) working
   Pengendalian Gratifikasi (UPG) paling lama selama 30                                           days.
   (tiga puluh) hari kerja.
9. Apabila KPK menetapkan gratifikasi tersebut menjadi                                      9. If the KPK determines that the gratuity belongs to the
   milik     negara        maka       Unit      Pengendalian           Gratifikasi                state, the Gratuity Control Unit (UPG) will inform the
   (UPG) menginformasikan kepada pelapor penerimaan                                               reporting party of the decision, and then the Gratuity
   gratifikasi perihal keputusan tersebut untuk kemudian                                          Control Unit will hand over the stored goods to the State
   Unit Pengendali Gratifikasi akan menyerahkan barang                                            through the KPK.
   yang disimpan kepada negara melalui KPK.
10. Unit Pengendalian Gratifikasi (UPG) membuat rekapitulasi                                10. The Gratuity Control Unit (UPG) prepares a summary of
   laporan penerimaan dan penolakan gratifikasi serta                                             the acceptance and rejection of gratuities and reports
   melaporkannya kepada Direksi secara periodik setiap                                            it to the Board of Directors periodically each semester
   semester paling lambat 10 (sepuluh) hari kerja setelah                                         no later than ten (10) working days after the end of the
   berakhirnya periode semester tersebut                                                          semester.


Alur Penerimaan Barang Cepat Rusak/Busuk/Kadaluwarsa                                        Flow for Acceptance of Perishable Goods



                                                                           Disampaikan ke UPG paling lama 10 hari kerja
  Pelapor                                                                        disertai bukti penyerahan barang
  Whistleblower                                                            Delivering to UPG no later than 10 working days
                                                                            accompanied by proof delivery of the goods




                                                                                                                                          Unit Pengendalian Gratifikasi
                                                                                                                                             Anti-Gratification Unit




                                          Langsung Diserahkan                     UPG menetapkan keputusan
                                           Directly Submitted                    penyaluran laporan penerimaan
                                                                               gratifikasi sesuai dengan Pedoman
                                                                                  Pengendalian Gratifikasi atau
                                                                                meminta kelengkapan dokumen
    Mengisi Formulir                                                            apabila dokumen belum lengkap                         i. Verifikasi                   ii. Reviu
         Gratifikasi                                                           UPG States decision distribution of                   Kelengkapan                     Dokumen
    Fill in the Gratuity                                                        the gratuity acceptance report in                   Verification of                  Document
            Form                                                              accordance with guidlines of gratuity                 Complenteness                      Review
                                          Email                 Mail          control or request for complention if
                                                                                   the document is incomplete




                                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                Ikhtisar Kinerja                    Laporan Manajemen            Profil Perusahaan            Tinjauan Unit Pendukung Bisnis
                                Performance Highlights              Management Report            Company Profile              Overview on Business Supports




Alur Penerimaan Laporan Untuk Uang/Setara Uang                                              Flow for Acceptance of Money/Money Equivalent


                                                   Disampaikan ke
                                                   UPG paling lama                                              Disampaikan ke
 Pelapor                                                                                                       KPK paling lama
                                                      10 hari kerja
 Whistleblower                                                                                                10 hari kerja sejak
                                                   sejak gratifikasi
                                                        diterima                   UPG SMBR                    laporan diterima                                Rekening KEMENKEU
                                                                                                               Delivered to KPK       a. Verifikasi Laporan       kas
                                                   Delivered to UPG                                                                      Gratifikasi /
                                                    no later than 10                                            no later than 10                                Negara
                                                                          Unit Pengendalian Gratifikasi                                  Gratification
                                                                                                                                                                 State
                                                     working days                                                working days            Report Verification
                                                                             Anti-Gratification Unit                                                           Treasury
                                                   after the gratuity                                         after the report is     b. Analisis Laporan
                                                       is received                                                  received             Gratifikasi /         Account
                                                                                                                                         Gratification
                       Langsung Diserahkan
                                                                                                                                         Report Analysis
                        Directly Submitted                                                                                            c. Penetapan status        Penyerahan Objek
Mengisi Formulir                                                                                                                         laporan Gratifikasi        Gratifikasi
  Gratifikasi                                                              i. Verifikasi    ii. Reviu                                    / Determination       Submission of Gratuity
   Fill in the                                                            Kelengkapan      Dokumen                                       of Gratification
                                                                                                                                                                     Objects
   Gratuity                                                              Verification of   Document                                      report
     Form               Email        Mail                                Complenteness       Review
                                                                                                              Paling Lama 30 hari kerja sejak laporan
                                                                                                                  diterima & dinyatakan lengkap
                                                                                                             No Latter than 30 working days since the
                                                                                                             report is received and declared complete
                                                         SK Penetapan Status Gratifikasi
                                                              Stipulation on Gratuit

                                                          Paling lama 7 hari kerja sejak
                                                               tanggal ditetapkan
                                                         Maximum 7 working days from the
                                                                date of stipulation

                                      Pelapor menyerahkan langsung objek gratifikasi yang telah
                                              ditetapkan ke KPK atau dapat melalui UPG
                                      The reporter directly submits the object of gratification that
                                       has been determined to the KPK or can be through the UPG




Kebijakan Anti Penyuapan
Anti-Bribery Policy

Perusahaan berkomitmen untuk melaksanakan semua                                             The Company is committed to conducting all of its activities in
aktivitas dengan penuh tanggung jawab dengan mematuhi                                       a responsible manner by adhering to all relevant anti-bribery
segala peraturan dan perundangan anti penyuapan yang                                        laws and regulations. The anti-bribery policy is outlined in
berlaku. Kebijakan mengenai anti penyuapan tercantum                                        the Good Corporate Governance Implementation Policy,
dalam Kebijakan Penerapan Tata Kelola Perusahaan yang                                       which was signed on September 25, 2020. The company has
Baik yang telah ditandatangani pada tanggal 25 September                                    established the following:
2020. Perusahaan telah menetapkan hal-hal sebagai berikut:
1. Mengelola Perusahaan secara amanah, jujur dan adil serta                                 1. Manage the Company in a trustworthy, honest and fair
   senantiasa menjunjung tinggi etika kerja dalam rangka                                         manner and always upholding work ethics in order to
   mencapai Visi, Misi, dan Sasaran Perusahaan.                                                  achieve the Company’s Vision, Mission and Targets.
2. Mematuhi, melaksanakan ketentuan yang tercantum                                          2. Comply with, implement the provisions contained in
   dalam Pedoman GCG, Pedoman Perilaku, Board Manual,                                            the GCG Guidelines, Code of Conduct, Board Manual,
   Pedoman         Pengendalian             Gratifikasi          dan      Pedoman                Guidelines for Gratuities Control and Guidelines for
   Benturan Kepentingan.                                                                         Conflicts of Interest.
3. Meningkatkan nilai Perusahaan secara berkesinambungan,                                   3. Increase the value of the Company on an ongoing
   dengan menerapkan Manajemen Risiko dan manajemen                                              basis, by implementing Risk Management and prudent
   pengelolaan secara berhati-hati.                                                              management.
4. Menempatkan           semua         pihak        yang        terkait      dengan         4. Place all parties related to the Company (Stakeholders)
   Perusahaan (Stakeholders) sebagai mitra kerja yang                                            as harmonious and effective partners in achieving the
   harmonis dan efektif dalam mencapai tujuan Perusahaan                                         Company’s goals with mutual benefit.
   dengan saling menguntungkan.
5. Mengungkapkan informasi yang relevan mengenai                                            5. Disclose relevant information about the Company
   Perusahaan kepada pihak-pihak yang berkepentingan                                             to interested parties adequately in accordance with
   secara memadai sesuai dengan peraturan Perusahaan                                             Company regulations and applicable laws.
   dan perundang-undangan yang berlaku.


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                     Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis            Good Corporate Governance                   Corporate Social and Environmental Responsibility




6. Menggunakan       kewenangan               dan         harta,     fasilitas         6. Use the authority, property, facilities, and resources
   serta    sumber        daya          Perusahaan           semata-mata                     of the company solely for the benefit of advancing the
   untuk sesuatu yang bermanfaat demi memajukan                                              company’s interests and refrain from using them for
   kepentingan Perusahaan dan tidak menggunakannya                                           interests that conflict with the company’s objectives.
   untuk kepentingan yang bertentangan dengan Tujuan
   Perusahaan.
7. Melakukan pengambilan keputusan yang efektif dan                                    7. Make effective and efficient decisions with full
   efisien dengan penuh tanggung jawab serta menjauhkan                                      responsibility, and abstain from accepting or giving
   diri dari tindakan menerima dan atau memberikan                                           bribes, commissions, gifts, or other forms of gratification
   suap, komisi, hadiah dan pemberian lainnya yang dapat                                     that may influence decision-making.
   mempengaruhi pengambilan keputusan.
8. Melaksanakan Sistem Manajemen Anti Penyuapan SNI ISO                                8. Implement             the       SNI        ISO       37001:2016          Anti-Bribery
   37001 : 2016 dengan prinsip "4 No’s":                                                     Management System with the “4 No’s” principles:
   a. No Bribery (hindari/menolak segala bentuk suap                                         a. No Bribery (avoid/reject all forms of bribery and
       menyuap dan pemerasan).                                                                        extortion).
   b. No Kickback (hindari/menolak meminta komisi, tanda                                     b. No Kickback (avoid/refuse soliciting commissions or
       terima kasih baik dalam bentuk uang dan dalam                                                  tokens of gratitude, whether in the form of money or
       bentuk lainnya).                                                                               other forms).
   c. No Gift (hindari/menolak penerimaan/pemberian                                          c. No Gift (avoid/reject accepting or giving gifts or
       hadiah atau gratifikasi yang bertentangan dengan                                               gratuities that violate the applicable rules and
       peraturan dan ketentuan yang berlaku).                                                         regulations).
   d. No       Luxurious         Hospitality              (hindari/menolak                   d. No Luxurious Hospitality (avoid/refuse excessive
       penyambutan dan jamuan yang berlebihan)                                                        receptions and entertainment).
9. Bersedia    mematuhi        dan       melaksanakan              Komitmen            9. Willingly comply with and seriously implement the Anti-
   Manajemen Anti Penyuapan dengan sungguh-sungguh.                                          Bribery Management Commitment.


KEBIJAKAN ANTI-FRAUD                                                                   ANTI-FRAUD POLICY
Perusahaan senantiasa menjaga komitmen dalam untuk                                     The Company upholds a strong commitment to conducting
menyelenggarakan praktik-praktik bisnis terbaik (best                                  business activities in a responsible manner by prioritizing
practice) yang mengedepankan nilai-nilai etika dan keluhuran                           ethical values and moral principles in accordance with its
akhlak serta memegang teguh amanah, sesuai dengan                                      position, function, and role in the industry.
jabatan, fungsi dan peran dalam menjalankan bisnisnya.


Upaya ini diwujudkan Perusahaan dengan menetapkan                                      This commitment is manifested by the Company by
Kebijakan Penerapan Tata Kelola Perusahaan yang Baik (Good                             establishing a Policy for Implementing Good Corporate
Corporate Governance) PT Semen Baturaja Tbk. Kebijakan ini                             Governance of PT Semen Baturaja Tbk. This policy is
disosialisasikan kepada seluruh insan Semen Baturaja dan                               disseminated to all Semen Baturaja personnel and Company
Stakeholder Perusahaan.                                                                Stakeholders.


Kebijakan     tersebut      menjelaskan              komitmen           untuk          The policy highlights the Company’s adherence to the SNI ISO
melaksanakan SNI ISO 37001:2016 Sistem Manajemen                                       37001:2016 Anti-Bribery Management System, which is based
Anti Penyuapan dengan berlandaskan prinsip 4 No’s yaitu                                on the 4 No’s principles No Bribery, No Kickback, No Gift dan
No Bribery, No Kickback, No Gift dan No Luxurious Hospitality.                         No Luxurious Hospitality.




                                                                                                                    2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja                  Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights            Management Report      Company Profile     Overview on Business Supports




Kebijakan terhadap anti-fraud merupakan bagian dari                               The anti- fraud policy is part of the internal control system to
sistem pengendalian internal untuk membangun budaya                               build a culture of compliance and create risk awareness of
kepatuhan dan menciptakan kesadaran risiko atas potensi                           the potential and consequences of fraud at all levels of the
dan konsekuensi terjadinya fraud pada seluruh jajaran                             Company.
Perusahaan.


IMPLEMENTASI DAN RESERTIFIKASI SNI                                                IMPLEMENTATION AND RECERTIFICATION SNI
ISO 37001:2016 SISTEM MANAJEMEN ANTI                                              ISO 37001:2016 ANTI-BRIBERY MANAGEMENT
PENYUAPAN                                                                         SYSTEM
Pada tahun 2016, Pemerintah mengeluarkan Instruksi                                In 2016, the Indonesian Government issued Presidential
Presiden No. 10 Tahun 2016 tentang Aksi Pencegahan dan                            Instruction No. 10 of 2016, which outlines strategies to
Pemberantasan Korupsi. Peraturan ini memuat Strategi                              prevent and eradicate corruption in state-owned and private
Pencegahan terkait Tata Kelola Badan Usaha Milik Negara dan                       enterprises. One of the programs included in this regulation
Swasta dengan salah satu programnya adalah tersusunnya                            is the formulation of SNI ISO 37001:2016. This Presidential
SNI ISO 37001:2016. Selain itu, Instruksi Presiden tersebut                       Instruction was further supported by Presidential Regulation
diperkuat dengan Peraturan Presiden No. 54 Tahun 2018                             No. 54 of 2018, which laid out the National Strategy for
tentang Strategi Nasional Pencegahan Korupsi.                                     Prevention of Corruption.


Berkaitan dengan hal tersebut, Perusahaan menginisiasi                            With this in mind, the Company took the initiative to
implementasi Sistem Manajemen Anti Penyuapan dan                                  implement an Anti-Bribery Management System and has
mempersiapkan        tahapan-tahapan                 proses       sertifikasi.    prepared the certification process stages. The Company is
Hal ini dilakukan Perusahaan dengan berlandaskan pada                             highly committed to upholding an anti-corruption culture
komitmen yang tinggi dalam menjunjung budaya anti                                 within the organization and to preventing potential bribery.
korupsi di lingkungan Perusahaan dan untuk membendung                             This commitment is based on the obligation to implement
adanya potensi tindakan penyuapan dan didasari oleh                               the ISO 37001:2016 Anti-Bribery Management System
kewajiban pelaksanaan Sertifikasi SNI ISO 37001:2016 Sistem                       Certification in state-owned enterprises, in accordance with
Manajemen Anti Penyuapan di BUMN, sesuai dengan Surat                             a letter from the Ministry of State-Owned Enterprises of the
dari Kementerian BUMN Republik Indonesia melalui Surat No.                        Republic of Indonesia (No. S-17/S.MBU/02/2020).
S-17/S.MBU/02/2020.


Menindaklanjuti kewajiban sertifikasi tersebut, Perusahaan                        Additionally, the Company has undergone the certification
melaksanakan serangkaian proses, hingga dinyatakan                                process and was granted the SNI ISO 37001:2016 Anti-Bribery
berhak mendapatkan Sertifikat SNI ISO 37001 : 2016 Sistem                         Management System Certificate on December 11 2020, which
Manajemen Anti Penyuapan pada 11 Desember 2020 yang                               expires on December 10, 2023.
berakhir masa berlakunya pada 10 Desember 2023.


Sejalan   dengan      hal     tersebut,          Perusahaan           kembali     In line with this, the Company remains committed to
berkomitmen untuk melaksanakan Audit Resertifikasi pada                           carrying out a Recertification Audit in 2023 through the
tahun 2023 melalui pelaksanaan Reassessment Visit SNI ISO                         implementation of Reassessment Visit SNI ISO 37001:2016
37001:2016 Sistem Manajemen Anti Penyuapan dengan ruang                           Anti-Bribery Management System with the scope of "The
lingkup “The manufacture of cement for the Department of                          manufacture of cement for the Department of Procurement
Procurement and Department of Corporate Secretary at Head                         and Department of Corporate Secretary at Head Office” by PT
Office” oleh PT BSI Group Indonesia.                                              BSI Group Indonesia on November 23-24, 2023.




588       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                     Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis          Good Corporate Governance            Corporate Social and Environmental Responsibility




Pada tanggal 23-24 November 2023 dilaksanakan audit                                  On November 23-24, 2023, the Company held a recertification
resertifikasi dan pada tanggal 17 Januari 2024 Perusahaan                            audit and on January 17, 2024, the Company regained the SNI
mendapatkan kembali Sertifikat SNI ISO 37001 : 2016                                  ISO 37001:2016 Anti-Bribery Management System Certificate.
Sistem Manajemen Anti Penyuapan. Dari pelaksanaan audit                              From the implementation of the recertification audit, the
resertifikasi tersebut Perusahaan mendapatkan 3 (tiga)                               Company received 3 (three) Opportunity for Improvement
Opportunity for Improvement (OFI) yang menjadi peluang                               (OFI) recommendations to enhance the effectiveness of the
peningkatan dalam efektivitas penerapan Sistem Manajemen                             Anti-Bribery Management System implementation in the
Anti Penyuapan di Perusahaan.                                                        Company.



Pencegahan Insider Trading
Insider Trading Prevention

Insider trading merupakan perdagangan saham Perusahaan                               Insider trading refers to the act of trading the Company’s
atau surat berharga lainnya (obligasi atau opsi saham) yang                          shares or other securities, such as bonds or stock options, by
dilakukan oleh individu Perusahaan yang memiliki akses                               individuals with access to non-public information.
informasi non publik Perusahaan.


Dalam hal ini, praktik insider trading merupakan perbuatan                           This illegal practice can severely harm the Company’s
ilegal yang dapat merusak citra dan kepercayaan pasar                                reputation and erode market confidence. To ensure fair and
terhadap Perusahaan. Untuk itu, Perusahaan melarang                                  efficient market conditions, Semen Baturaja strictly prohibits
adanya praktik insider trading yang dilakukan oleh Insan                             insider trading by its personnel, while ensuring information
Semen Baturaja guna menciptakan suatu keadaan pasar                                  fairness to all market players in the capital market.
yang wajar dan efisien. Hal ini tentunya dilakukan dengan
senantiasa memperhatikan keadilan informasi terhadap
seluruh pelaku pasar di Pasar Modal.


Berkaitan   dengan     praktik         insider        trading    tersebut,           To address this issue, the Company has established policies
Perusahaan telah menetapkan kebijakan yang tercantum                                 outlined in the Guidelines for Good Corporate Governance,
dalam Pedoman Tata Kelola Perusahaan yang Baik (Good                                 which were ratified by the Board of Directors of PT Semen
Corporate   Governance).        Kebijakan          ini    juga   disahkan            Baturaja (Persero) Tbk under Decree No. PH.01.04/114.A/2020.
dengan Surat Keputusan Direksi PT Semen Baturaja Tbk
No. PH.01.04/114.A/2020.


Selain tercantum dalam pedoman di atas, kebijakan                                    Apart from those listed in the guidelines, there is a policy
mengenai larangan insider trading juga tertuang dalam                                regarding the prohibition of insiders trading is also contained
Pedoman Benturan Kepentingan (Conflict of Interest) No.PH.                           in the Conflict-of-Interest Guidelines of Interest) No. PH.
01.04/0058/2022 dan Piagam Direksi No. M/SMBR/GRC/002.                               01.04/0058/2022 and Board of Directors Charter No. M/
                                                                                     SMBR/GRC/002.


Kebijakan tersebut mengatur bahwa orang dalam wajib                                  According to the policy, insiders are required to safeguard
untuk menjaga dan tidak menyebarkan informasi yang                                   and not disclose limited and confidential information to
bersifat terbatas dan rahasia agar informasi tersebut                                prevent it from being misused by certain parties to buy or sell
tidak disalahgunakan oleh pihak tertentu untuk melakukan                             the Company’s shares.
pembelian atau penjualan atas saham Perusahaan.




                                                                                                           2023 Annual Report ∙ PT Semen Baturaja Tbk
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                             Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report      Company Profile      Overview on Business Supports




Kepatuhan Terkait Kegiatan Politik
Compliance with Political Activities

KEBIJAKAN PERUSAHAAN, TERMASUK KEPADA                                         COMPANY POLICY, INCLUDING AFFILIATED
PERUSAHAAN TERAFILIASI                                                        COMPANIES
Perusahaan telah mengakomodir Surat Kementerian BUMN                          The Company has implemented the SOE Minister Circular
No. S-560/S.MBU/10/2023 tentang Keterlibatan Direksi,                         No. SE-12/MBU/10/2020 which prohibits the involvement
Dewan Komisaris/Dewan Pengawas dan Karyawan Grup                              of Directors, Board of Commissioners/Supervisory Board,
BUMN pada Penyelenggaraan Pemilihan Umum, Pemilihan                           and SOE Group Employees (SOE, SOE Subsidiaries, and
Kepala Daerah, dan/atau sebagai Pengurus Partai Politik atau                  SOE Affiliated Companies) in practical political activities in
Penjabat Kepala Daerah dan Wakil Kepala Daerah di dalam                       Regional Head Elections (Pilkada) and the use of SOE Group
Pedoman Perilaku (Code of Conduct) yang mengatur etika                        Resources. This has been incorporated into the Code of
terhadap hal-hal khusus seperti aktivitas politik.                            Conduct that regulates ethical behavior for specific matters
                                                                              such as political activities.


SOSIALISASI KEBIJAKAN                                                         POLICY DISSEMINATION
Dalam memberikan pemahaman yang baik, Perusahaan telah                        To ensure a comprehensive understanding of the Code
melakukan sosialisasi Pedoman Perilaku (Code of Conduct)                      of Conduct, the Company regularly disseminates it to all
kepada seluruh pemangku kepentingan secara berkala.                           stakeholders. The policy is shared via email, the internal
Sosialisasi kebijakan dilakukan melalui email, portal internal,               portal, and the Company’s website, which are accessible to all
dan website Perusahaan yang diberikan kepada semua                            personnel. The objective of this initiative is to enable all Semen
tingkatan. Hal ini bertujuan agar seluruh Insan Semen Baturaja                Baturaja employees to have a proper understanding of the
dapat memahami secara tepat, baik, dan benar. Berkaitan                       Code of Conduct. In addition, all management and employees
dengan hal tersebut, seluruh Pengurus dan Karyawan juga                       are required to sign a Statement Letter of Compliance as an
telah menandatangani Surat Pernyataan Kepatuhan terhadap                      affirmation of their commitment to upholding the Code of
Pedoman Perilaku tersebut.                                                    Conduct.


SANKSI                                                                        SANCTION
Apabila terdapat Karyawan yang terbukti melakukan                             In case any employee is found to have violated the Code of
pelanggaran, maka Perusahaan akan memberikan sanksi                           Conduct, the Company will enforce appropriate sanctions
atau bentuk disiplin lainnya sesuai dengan yang telah                         or other forms of disciplinary action as stipulated in the
ditentukan dalam Perjanjian Kerja Bersama. Sementara                          Collective Labor Agreement. For violations committed by
itu, sanksi pada pengurus Perusahaan yaitu Jajaran Direksi                    the Company’s management, namely the Board of Directors
atau Jajaran Dewan Komisaris yang melakukan pelanggaran                       or Board of Commissioners, the GMS has the authority to
menjadi kewenangan RUPS sesuai dengan peraturan yang                          impose sanctions in accordance with applicable regulations.
berlaku. Jika yang melakukan pelanggaran Pedoman Perilaku                     If a partner of the Company violates the Code of Conduct,
adalah mitra kerja Perusahaan, maka sanksi yang berlaku                       the sanctions will be applied as per the contract, laws and
sesuai dengan kontrak, peraturan perundang-undangan, dan                      regulations, and decisions of the Company.
keputusan Perusahaan.


PENYEDIAAN DANA UNTUK KEGIATAN POLITIK                                        FUNDS FOR POLITICAL ACTIVITIES
Selama tahun 2023, Perusahaan tidak menyediakan dana                          During 2023, the Company did not provide funds for political
untuk kegiatan politik atau kepada partai politik. Hal ini sesuai             activities or to political parties. This is in accordance with
dengan kebijakan Perusahaan yang tidak diperkenankan                          Company policy that prohibits the use of Company funds or
untuk menggunakan dana atau aset Perusahaan untuk                             assets for political interests.
kontribusi terhadap kepentingan politik.




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                      Analisis dan Pembahasan Manajemen      Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis     Good Corporate Governance              Corporate Social and Environmental Responsibility




Pengadaan Barang dan Jasa
Procurement of Goods and Services

KEBIJAKAN DAN PEDOMAN PENGADAAN                                                  POLICY AND GUIDELINES FOR PROCUREMENT OF
BARANG DAN JASA                                                                  GOODS AND SERVICES
Perusahaan     tidak         dapat           memenuhi       kebutuhan            The Company cannot fulfill its own sustainability requirements
berkelanjutannya sendiri. Untuk itu, Perusahaan perlu                            by itself. Therefore, it needs to collaborate with partners and
melakukan kerja sama dengan rekanan/pemasok yang dilalui                         suppliers to procure goods and services. The procurement
dengan adanya proses pengadaan barang dan jasa. Di mana                          process is carried out in compliance with Minister of State-
pengadaan barang dan jasa yang dijalankan sesuai dengan                          Owned Enterprises Regulation No. PER-08/MBU/12/2019,
Peraturan Presiden Republik Indonesia No 12 Tahun 2021                           which provides general guidelines for procurement of goods
tentang Pedoman Umum Pelaksanaan Pengadaan Barang dan                            and services for state-owned enterprises. In this regard, the
Jasa Badan Usaha Milik Negara. Dalam hal ini, Perusahaan                         Company emphasizes the empowerment of local partners
mengoptimalkan pemberdayaan rekanan/pemasok lokal.                               and suppliers. This approach facilitates financial business
Dengan begitu, proses bisnis keuangan baik dalam jangka                          processes in both the short and long term.
pendek maupun jangka panjang akan berjalan dengan lebih
mudah.


Selanjutnya, Perusahaan memerlukan rencana yang mumpuni                          Furthermore, in order for the procurement process to run
agar seluruh proses pengadaan dapat berjalan dengan baik.                        smoothly and effectively, the Company requires a well-
Berikut beberapa hal menjadi perhatian Perusahaan dalam                          planned strategy. The following are some of the aspects
proses pengadaan:
1. Melaksanakan tugas secara tertib, disertai rasa tanggung                      1. Tasks should be carried out in a systematic manner,
   jawab untuk mencapai sasaran, kelancaran dan ketepatan                              accompanied by a strong sense of responsibility to
   tujuan pengadaan barang & jasa;                                                     ensure that the targets and objectives of procuring goods
                                                                                       and services are achieved accurately and efficiently;
2. Bekerja secara profesional, mandiri dan menjaga                               2. Professionalism should be demonstrated at all times, with
   kerahasiaan informasi yang menurut sifatnya harus                                   a focus on maintaining the confidentiality of information
   dirahasiakan untuk mencegah penyimpangan pengadaan                                  that must be kept confidential in order to prevent any
   barang dan jasa;                                                                    irregularities during the procurement process;
3. Tidak saling mempengaruhi baik langsung maupun tidak                          3. There should be no direct or indirect influence on each
   langsung yang berakibat persaingan usaha tidak sehat;                               other, which may result in unfair business competition;
4. Menerima dan bertanggung jawab atas segala keputusan                          4. Accept and take responsibility for all decisions made in
   yang ditetapkan sesuai dengan kesepakatan tertulis                                  accordance with the written agreement of the parties
   pihak yang terkait;                                                                 involved;
5. Menghindari dan mencegah terjadinya pertentangan                              5. Prevent and avoid conflicts of interest with related
   kepentingan pihak yang terkait, baik secara langsung                                parties, either directly or indirectly, that could result in
   maupun tidak langsung, yang berakibat persaingan usaha                              unfair business competition in the procurement of goods
   tidak sehat dalam pengadaan barang & jasa;                                          and services;
6. Menghindari dan mencegah pemborosan dan kebocoran                             6. Prevent and avoid wastage and leakage of state or
   keuangan negara/Perusahaan;                                                         Company finances;
7. Menghindari dan mencegah penyalahgunaan wewenang                              7. Avoid and prevent the abuse of authority and/or collusion;
   dan/atau kolusi;
8. Tidak   menerima,         tidak       menawarkan        atau    tidak         8. Refrain from accepting, offering, or promising gifts,
   menjanjikan pemberian untuk memberi atau menerima                                   rewards, commissions, rebates, or anything else from or
   hadiah, imbalan, komisi, rabat dan apa saja dari atau                               to anyone who is known or reasonably suspected to be
   kepada siapapun yang diketahui atau patut diduga                                    related to the procurement of goods and services;
   berkaitan dengan pengadaan barang & jasa;




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                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




9. Semua Rekanan/Vendor wajib memiliki komitmen untuk                        9. All partners/vendors must commit to preventing bribery;
   mencegah penyuapan;
10. Jika diperlukan untuk memastikan penerapan komitmen                      10. If necessary, internal and external auditors conduct
   anti penyuapan Rekanan/Vendor dilakukan melalui audit                        periodic audits to ensure the implementation of partners/
   secara berkala oleh auditor internal maupun eksternal.                       vendors’ anti-bribery commitments.
11. Setiap pelaksana pengadaan (pihak yang terlibat                          11. For direct procurement, direct appointment, and limited
   dalam proses pengadaan), untuk pengadaan langsung,                           tender, the Procurement Executor’s Integrity Pact
   penunjukan langsung dan tender terbatas tanda tangan                         signature is fulfilled by approving the Integrity Pact that
   Pakta Integritas Pelaksana Pengadaan terpenuhi dengan                        has been systematized in the e-Procurement system.
   menyetujui Pakta Integritas yang telah tersistem di dalam                    However, for general tenders and non e-Procurement
   sistem e-Procurement, sedangkan untuk tender umum                            procurement, the Integrity Pact form must be signed in
   dan pengadaan non e-Procurement wajib menandatangani                         hardcopy/softcopy.
   form Pakta Integritas (hardcopy/softcopy).
12. Setiap Rekanan/Vendor penyedia barang & jasa wajib                       12. Every Partner/Vendor providing goods and services must
   menandatangani Pakta Integritas untuk setiap proses                          sign an Integrity Pact for each process of procuring goods
   pengadaan barang & jasa.                                                     and services.
13. Khusus untuk proses pengadaan barang dan jasa,                           13. Specifically for the procurement process of goods and
   karyawan yang bertindak sebagai user wajib melampirkan                       services, employees who act as users must attach an
   Pakta Integritas pemakai barang dan jasa di setiap                           Integrity Pact for users of goods and services in every
   pengajuan Purchase Requisition (PR). Pakta Integritas                        Purchase Requisition (PR) submission. The Integrity Pact
   ditandatangani oleh pejabat yang berwenang.                                  must be signed by an authorized official.
14. Unit Kerja Procurement Warehouse wajib menandatangani                    14. The Procurement Warehouse Work Unit must sign a
   Pakta Integritas penerima barang untuk setiap barang                         consignee Integrity Pact for each item received. The
   yang diterima. Pakta Integritas ditandatangani oleh Ka.                      Integrity Pact was signed by Head of Warehouse receiving
   Warehouse penerima barang.                                                   goods
15. Direksi melaporkan kepada Dewan Komisaris/Dewan                          15. The Board of Directors reports to the Board of
   Pengawas mengenai proses dan hasil pengadaan                                 Commissioners/Supervisory Board regarding the process
   barang & jasa tertentu yang bersifat substansial (bukan                      and results of procurement of certain goods & services
   bersifat rutin) sebagai penerapan dari prinsip tata kelola                   that are substantial (not routine) as an application of the
   perusahaan yang baik.                                                        principles of good corporate governance.
16. Pengadaan barang & jasa tertentu yang bersifat                           16. Procurement of certain goods & services of a substantial
   substansial (bukan bersifat rutin) sebagaimana dimaksud                      nature (not routine) as intended and determined by
   dan ditentukan oleh Direksi dengan persetujuan Dewan                         the Board of Directors with approval from the Board of
   Komisaris/Dewan Pengawas.                                                    Commissioners/Supervisory Board.


PROSEDUR DAN TATA CARA PENGADAAN                                             PROCUREMENT PROCEDURES AND PROCEDURES
Perusahaan telah menetapkan prosedur dan tata cara                           The Company has established comprehensive procedures
pengadaan barang dan jasa. Mulai dari proses perencanaan,                    for procuring goods and services, which cover every step of
realisasi pengadaan, penerimaan, pemakaian/penggunaan,                       the process from planning, realization, acceptance, usage, to
sampai dengan pengelolaan gudang yang diatur pada                            warehouse management.
dokumen berikut.


Adapun prosedur dan tata cara pengadaan barang dan jasa                      These procedures are detailed in the following documents:
tersebut tercantum dalam:
1. Peraturan Pemerintah Republik Indonesia (PP RI) No                        1. Regulation (PP RI) No 50 of 2012 on implementation of
   50 Tahun 2012 tentang penerapan Sistem Manajemen                             the Occupational Health and Safety Management System
   Keselamatan dan Kesehatan Kerja (SMK3)                                       (OHSMS)




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                    Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                    Management Discussion and Analysis   Good Corporate Governance                Corporate Social and Environmental Responsibility




2. Peraturan Presiden Republik Indonesia No. 12 Tahun 2021                   2. Presidential Regulation No. 12 of 2021 on Amendments to
   Tentang Perubahan atas peraturan presiden nomor 16                              Presidential Regulation No. 16 of 2018 on Procurement of
   Tahun 2018 tentang Pengadaan Barang/Jasa Pemerintah.                            Government Goods/Services.
3. Peraturan Menteri Perindustrian Republik Indonesia                        3. Regulation of the Minister of Industry No. 16/M-IND/
   No. 16/M-IND/PER/2/2011 tentang ketentuan dan cara                              PER/2/2011 on provisions and methods for calculating
   perhitungan tingkat komponen dalam negeri.                                      domestic component levels.
                                                                             4. Minister of State-Owned Enterprises Regulation No.
4. Peraturan Menteri BUMN RI No. PER-02/MBU/03/2023                                PER-02/MBU/03/2023 on guidelines for governance
   tentang Pedoman Tata Kelola dan Kegiatan Korporasi                              and significant corporate activities of State-Owned
   Signifikan Badan Usaha Milik Negara.                                            Enterprises.
5. Surat Kementerian BUMN No. S-563/MBU/08/2020                              5. SOE Ministry Letter No. S-563/MBU/08/2020 om use of
   perihal Penggunaan PaDi UMKM pada proses Pengadaan                              Padi MSMEs in the process of procuring and purchasing
   dan Pembelanjaan Barang dan/atau Jasa pada UMKM di                              goods and/or services for MSMEs in the SOE environment.
   Lingkungan BUMN.
6. Prosedur Pengadaan Barang dan Jasa PT Semen Baturaja                      6. SOP for Procurement of Goods and Services of PT Semen
   Tbk.                                                                            Baturaja Tbk.


TARGET/RENCANA KEGIATAN DI 2024                                              TARGET/ACTIVITY PLAN FOR 2024
Di tahun 2024, PT Semen Baturaja Tbk telah menentukan                        For 2024, PT Semen Baturaja Tbk has determined targets
target dan rencana kegiatan di bidang pengadaan barang dan                   and activity plans in the field of procurement of goods and
jasa, meliputi:                                                              services, including:
1. Perencanaan pembelian barang & jasa.                                      1. Develop plans for the procurement of goods and services.
2. Pengelolaan supplier & kontrak.                                           2. Manage suppliers and contracts.
3. Monitor seluruh proses perencanaan pengadaan barang                       3. Oversee the entire procurement planning process.
   & jasa.
4. Monitor seluruh proses tender pengadaan barang & jasa.                    4. Monitor the entire tender process for the procurement of
                                                                                   goods and services.
5. Monitor seluruh proses pengelolaan gudang barang untuk                    5. Ensure efficient warehouse management.
   memastikan kelancaran.
6. Monitor seluruh proses penerimaan material.                               6. Monitor the entire process of receiving materials.
7. Pengadaan yang bebas dari suap.                                           7. Conduct procurement activities that are free from
                                                                                   bribery.
8. Proses transaksi yang akuntabel dan transparan.                           8. Ensure accountability and transparency in all transaction
                                                                                   processes.


PELAKSANAAN KEGIATAN/ JENIS PROGRAM DI                                       IMPLEMENTATION OF ACTIVITIES/TYPES OF
2023                                                                         PROGRAMS IN 2023
Per 31 Desember 2023, kegiatan/jenis program di bidang                       As of December 31, 2023, activities/types of programs
pengadaan barang dan jasa yang telah dijalankan Perusahaan,                  in procurement of goods and services carried out by the
di antaranya:                                                                Company include:
1. Pengumuman lelang secara terbuka terkait pelaksanaan                      1. Open auction announcements on implementation of
   kegiatan melalui website dan surat kabar.                                       activities through websites and newspapers.
2. Penggunaan sistem e-proc dalam proses pengadaan.                          2. Use of the e-proc system in the procurement process.
3. Adanya evaluasi vendor performance yang dilakukan per                     3. Biannual vendor performance evaluation.
   semester.
4. Pelaksanaan proses pengadaan sesuai dengan prosedur                       4. Implementation of procurement process in accordance
   & tata cara yang berlaku.                                                       with applicable procedures & procedures.




                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile       Overview on Business Supports




5. Kewajiban untuk melampirkan pakta integritas, baik                        5. Obligation to attach an integrity pact, both partners and
   rekanan maupun user yang berwenang.                                          authorized users.


DAMPAK KUANTITATIF DARI PELAKSANAAN                                          QUANTITATIVE IMPACT OF ACTIVITIES
KEGIATAN
Adapun dampak kuantitatif dari pelaksanaan kegiatan di                       The quantitative impacts of implementing activities on
bidang pengadaan barang dan jasa sepanjang tahun 2023                        procurement of goods and services throughout 2023 are:
adalah:
1. Pelaksanaan      proses       pengadaan           dilakukan     secara    1. The procurement process is carried out in an open,
   terbuka, adil, dan akuntabel tanpa adanya diskriminasi                       fair, and accountable manner without discrimination
   pihak tertentu sesuai dengan prosedur dan tata cara yang                     of certain parties, in accordance with the applicable
   berlaku.                                                                     procedures and regulations.
2. Proses pengadaan menggunakan sistem e-proc sehingga                       2. The procurement process utilizes the e-proc system,
   terdokumentasi secara elektronik.                                            ensuring electronic documentation of all processes.
3. Pendaftaran rekanan dilakukan secara terbuka di sistem                    3. The registration of partners is conducted transparently
   e-proc.                                                                      through the e-proc system.


CAPAIAN                                                                      ACHIEVEMENTS
Berdasarkan pelaksanaan kegiatan pengadaan barang dan                        The procurement activities for goods and services in 2023
jasa di tahun 2023 berjalan dengan baik, maka hal tersebut                   were carried out successfully and achieved the set targets
telah diselesaikan sesuai dengan target yang telah ditetapkan                while following the applicable procedures. The Procurement
dan sesuai dengan prosedur dan tata cara yang berlaku.                       Division,      responsible    for      the       procurement   process,
Selain itu Department of Procurement sebagai pelaksana                       received ISO 37001-2016 Anti-Bribery Management System
proses pengadaan barang dan jasa di Perusahaan juga telah                    Certification from PT BSI Group Indonesia in 2020 and on
memperoleh Sertifikasi Sistem Manajemen Anti Penyuapan                       November 23-24, 2023 an Anti-Bribery Management System
ISO 37001 – 2016 dari PT BSI Group Indonesia pada tahun 2020                 recertification audit was carried out. ISO 37001 – 2016 by PT
dan pada tanggal 23-24 November 2023 telah dilaksanakan                      BSI Group Indonesia.
audit resertifikasi Sistem Manajemen Anti Penyuapan ISO
37001 – 2016 oleh PT BSI Group Indonesia.



Benturan Kepentingan
Conflict of Interest

Seluruh Insan Semen Baturaja dilarang melakukan tindakan                     All Semen Baturaja personnel are prohibited from taking
yang berpotensi memiliki benturan kepentingan dan memiliki                   actions that have the potential to have a conflict of interest
kepentingan pribadi terhadap setiap penggunaan wewenang                      and having a personal interest in any use of authority that can
yang dapat mempengaruhi kualitas keputusan dan/atau                          affect the quality of their decisions and/or actions. In this
tindakannya. Dalam hal ini, Perusahaan melakukan upaya                       case, the Company makes efforts to minimize the potential for
untuk meminimalisir terjadinya potensi benturan kepentingan                  conflicts of interest within the Company, namely by requiring
di lingkungan Perusahaan, yaitu dengan mewajibkan Dewan                      the Board of Commissioners and Directors to create a special
Komisaris dan Direksi untuk membuat daftar khusus. Di                        list. This list contains information about the share ownership
mana daftar ini memuat keterangan daftar kepemilikan                         of the Board of Commissioners, Directors and their families in
saham Dewan Komisaris, Direksi, beserta keluarganya pada                     the Company and other companies.
Perusahaan maupun perusahaan lainnya.




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                       Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik     Tanggung Jawab Sosial dan Lingkungan
                       Management Discussion and Analysis   Good Corporate Governance            Corporate Social and Environmental Responsibility




Selain itu, Dewan Komisaris dan Direksi juga melakukan                          The Board of Commissioners and Directors must also sign
penandatanganan Pakta Integritas yang di dalamnya memuat                        an Integrity Pact confirming that there is no potential for a
pernyataan tidak memiliki potensi Benturan Kepentingan.                         Conflict of Interest. These documents are updated every year
Pakta Integritas dan Daftar Khusus ini diperbarui setiap                        or whenever there is a change in share ownership and are
tahunnya secara berkala atau setiap ada perubahan status                        managed by the Department of Corporate Secretary.
kepemilikan saham untuk Daftar Khusus. Kedua dokumen
tersebut diadministrasikan dan disimpan oleh Department of
Corporate Secretary.


Berkaitan dengan hal tersebut, Perusahaan menyadari                             The Company believes that firm action toward handling
bahwa sikap yang tegas terhadap penanganan benturan                             conflicts of interest is essential for good corporate
kepentingan mampu menciptakan pengelolaan Perusahaan                            management and maintaining harmonious relationships with
yang baik serta hubungan yang harmonis dengan seluruh                           stakeholders. Therefore, the company established a Conflict
pemangku kepentingan. Dalam hal ini, Perusahaan telah                           of Interest Guideline, which was ratified by PT Semen Baturaja
menetapkan Pedoman Benturan Kepentingan yang disahkan                           Tbk Board of Directors Decree No. PH.01.04/0058/2022.
dengan Surat Keputusan Direksi PT Semen Baturaja Tbk                            The guideline is a reference to handle conflict of interest
No. PH.01.04/0058/2022 yang akan dijadikan panduan dalam                        situations.
penanganan situasi benturan kepentingan.


Selain tercantum dalam Pedoman Benturan Kepentingan,                            In addition to the Conflict of Interest Guidelines, the conflict
kebijakan pencegahan benturan kepentingan juga tercantum                        of interest prevention policy is also contained in the Good
dalam Pedoman Tata Kelola Perusahaan yang Baik, Pedoman                         Corporate Governance Guidelines, Code of Conduct, Board
Perilaku, Board Manual dan Piagam Direksi.                                      Manual and Board of Directors Charter.


Setiap jajaran Perusahaan wajib menghindari segala bentuk                       Every staff level of the Company is obliged to avoid all forms of
potensi benturan kepentingan yang dapat merugikan                               potential conflicts of interest that could be detrimental to the
Perusahaan dengan membebaskan diri dari situasi tersebut,                       Company by freeing themselves from the situation, notifying
memberitahu pimpinannya atau pihak yang bertanggung                             their leadership or the party responsible for the condition.
jawab atas kondisi tersebut.


Selanjutnya, Perusahaan juga mensosialisasikan pedoman                          To increase the understanding of all employees about the
tersebut melalui portal internal Perusahaan (Intranet),                         mechanism for reporting conflicts of interest in accordance
situs Perusahaan, dan melalui email kepada seluruh Insan                        with the company’s guidelines, Semen Baturaja also socializes
Semen Baturaja. Upaya ini dilakukan untuk mendukung                             these guidelines through the Company’s internal portal
penerapan Tata Kelola Perusahaan yang Baik (Good Corporate                      (Intranet), website, and email to all personnel. This effort is to
Governance) sekaligus meningkatkan pemahaman seluruh                            support the implementation of Good Corporate Governance.
Karyawan di lingkup Perusahaan mengenai mekanisme
pelaporan benturan kepentingan sesuai pedoman berlaku di
Perusahaan.



Sistem Pelaporan Pelanggaran
Whistleblowing System

Perusahaan senantiasa menjunjung tinggi komitmen dalam                          The Company always upholds its commitment to supporting
mendukung penerapan Tata Kelola Perusahaan yang Baik.                           the implementation of Good Corporate Governance. One
Salah satu upaya yang dilakukan Perusahaan adalah dengan                        of the efforts made by the Company is to provide a system
menyediakan sistem yang mengatur tata cara pengaduan                            that regulates procedures for complaints and disclosure of
dan pengungkapan pelanggaran, atau dikenal dengan                               violations known as the Whistleblowing System (WBS).
Whistleblowing System (WBS).
                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen          Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report          Company Profile      Overview on Business Supports




Di tahun 2023, Perusahaan melakukan reviu atas SOP                                 In 2023, the Company reviewed the SOP of the Whistleblowing
Pelaporan     Pelanggaran/Whistleblowing               System       No.        A   System No. A SOP 112000-04 and has been updated with
SOP 112000-04 dan telah diperbaharui dengan Prosedur                               Whistleblowing System No. P/SMBR/GRC/001 ratified by
Pelaporan Pelanggaran/Whistleblowing System No. P/SMBR/                            the Board of Directors on November 30, 2023. The WBS
GRC/001 yang disahkan oleh Direksi pada 30 November                                functions to regulate procedures for managing the system
2023.. WBS secara terperinci berfungsi untuk mengatur                              and implementing GCG principles within the Company.
tata cara pengelolaan Whistleblowing System di lingkungan
Perusahaan, sekaligus sebagai sarana dalam menerapkan
prinsip-prinsip GCG di lingkup Perusahaan.


Dalam menjalankan Sistem Pelaporan Pelanggaran/WBS,                                In implementing the Whistleblowing System/WBS, the
Perusahaan berpedoman pada Peraturan Menteri BUMN                                  Company refers to Minister of State-Owned Enterprises
No. PER-2/MBU/03/2023 tentang Pedoman Tata Kelola dan                              Regulation No. PER-2/MBU/03/2023 on Guidelines for
Kegiatan Korporasi Signifikan Badan Usaha Milik Negara Pasal                       Governance and Significant Corporate Activities of State-
45 ayat 2 yang mengatur bahwa dalam menyelenggarakan                               Owned Enterprises Article 45 paragraph 2 which regulates
WBS, Perusahaan memiliki pedoman pengaduan pelanggaran                             that in carrying out WBS, the Company has guidelines for
yang dapat digunakan untuk mendorong diadukannya                                   complaints of violations which can be used to encourage
perilaku yang melanggar ketentuan peraturan perundang-                             complaints about behavior that violates the provisions of
undangan atau tidak etis, yang di dalamnya mencakup juga                           the laws and regulations. invitation or unethical, which
suatu pedoman tentang bagaimana korporasi melindungi                               also includes a guideline on how the corporation protects
pengadu yang beritikad baik.                                                       complainants who have good intentions.


CARA PENYAMPAIAN LAPORAN PELANGGARAN                                               REPORT SUBMISSION
Seluruh Insan Semen Baturaja, bahkan pihak eksternal                               All Semen Baturaja personnel, even external parties, may
dapat menyampaikan laporan pelanggaran yang terjadi di                             submit reports of violations that occur in the Company, which
Perusahaan. Laporan tersebut dapat disampaikan melalui:                            can be submitted via:
Website : wbs.semenbaturaja.co.id                                                  Website: wbs.semenbaturaja.co.id
Email : wbs.smbr@sig.id                                                            Email: wbs.smbr@sig.id


Selain itu, laporan juga dapat dikirimkan dalam bentuk surat                       In addition, reports can also be sent in the form of a letter
dengan menuliskan kode WBS pada bagian luar amplop surat                           by writing the WBS code on the outside of the envelope
yang ditujukan kepada:                                                             addressed to:
VP of Corporate Secretary                                                          VP Corporate Secretary
PT Semen Baturaja Tbk                                                              PT Semen Baturaja Tbk
Jl. Abikusno Cokrosuyoso, Kertapati, Palembang, Sumatra                            Jl. Abikusno Cokrosuyoso, Kertapati, Palembang, South
Selatan 30258                                                                      Sumatra 30258


MEKANISME PELAPORAN PELANGGARAN                                                    WHISTLEBLOWING MECHANISM
Perusahaan telah menetapkan mekanisme pelaporan WBS                                The Company has implemented a WBS reporting mechanism
yang harus dipatuhi oleh seluruh pelapor, yaitu sesuai dengan                      that requires all whistleblowers to comply with the
Prosedur Pelaporan Pelanggaran/Whistleblowing System No.                           Whistleblowing System Procedure No. P/SMBR/GRC/001.
P/SMBR/GRC/001. Dalam hal ini, prosedur dan penanganan                             The procedures for handling reports of alleged violations are
penyelesaian laporan dugaan pelanggaran disesuaikan                                adjusted according to the mechanism specified in the SOP
dengan mekanisme yang telah ditetapkan di dalam prosedur                           for the follow-up on reports of alleged violations committed
mengenai tindak lanjut atas laporan dugaan pelanggaran                             by the Company’s Employees, Directors, and Commissioners.
yang dilakukan oleh Karyawan, Direksi dan Dewan Komisaris
Perusahaan.




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                                   Analisis dan Pembahasan Manajemen                     Tata Kelola Perusahaan yang Baik                  Tanggung Jawab Sosial dan Lingkungan
                                   Management Discussion and Analysis                    Good Corporate Governance                         Corporate Social and Environmental Responsibility




Adapun prosedur penanganan laporan dugaan pelanggaran                                                        The procedures for handling reports of alleged violations are
digambarkan dalam alur berikut ini:                                                                          described as follows:
                      Unit Administrasi                                                                                                                                              Investigator
     Pelapor                                  Div. Internal Audit   Vice President       Direktur Terkait     Direktur Utama         Komisaris Utama      Pemegang Saham                               Anak Perusahaan
                            WBS                                                                                                                                                        Eksternal

       VII (R1)
       VII (R2)

   Entry Laporan
                                   VII (R3)

                            Penerimaan
                             Laporan

                                   VII (R4)
      Laporan       Tidak
     tambahan                Verifikasi
    atau ditutup             Laporan


                        VII (R5)      Ya
                            FP/SMBR/
                            GRC/001-01




                                                                       Penerimaan
                                                 Telaah Laporan
                                                                        Laporan
                                                  & Permintaah
                                                     Arahan

                                                                                                                 Penerimaan
                                                                                                                Laporan dan                                   Selesai
                                                                                                                Penyampaian



                                                                                                v                                       Penerimaan
                                                                                                                                        Laporan dan                              Investigasi
                                                                                                                                        Tindaklanjut




                                                                                            Penerimaan Laporan dan Arahan
                                                                                                    Tindaklanjut




                                                                            Penerimaan Laporan dan Arahan Tindaklanjut




                                                                                                                     Penerimaan
                                                                                                                     Laporan dan                                                                        Tindaklanjut
                                                                                                                       Arahan



                                                                                                                     Penerimaan
                                                                                                                       Laporan
                                                                                                                     dan Arahan
                                                                                                                     Tindaklanjut

                                                 VII (R6)


      Selesai                Informasi             Tindaklanjut




Keterangan / Description:

    Laporan terkait Dewan Komisaris dan Organ Pendukung Dewan Komisaris /                Laporan terkait Direksi /             Laporan terkait Vice President dan Senior Manager /              Laporan terkait Unit
    Reports on the Board of Commissioners and Supporting Organs of the Board             Reports on the Board of               Reports on Vice President and Senior Manager                     Administrasi WBS /
    of Commissioners                                                                     Directors                                                                                              Reports on the WBS
                                                                                                                                                                                                Administration Unit
    Laporan terkait Personil unit kerja /          Laporan terkait Personil Anak Perusahaan /                 Koordinasi /                   Pemberitahuan /
    Reports on work unit personnel                 Reports on Subsidiary Personnel                            Coordination                   Notification




                                                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report      Company Profile     Overview on Business Supports




UNSUR-UNSUR PELAPORAN PELANGGARAN                                              WHISTLEBLOWING COMPONENTS
Dalam melaporkan pelanggaran/Whistleblowing System,                            In the Whistleblowing System, there are several criteria
pelapor wajib memenuhi beberapa kriteria sehingga laporan                      that must be met by the Whistleblower to ensure that the
tersebut dapat dipertanggungjawabkan. Setiap pelapor                           report is accounted for. The Whistleblower can choose to
dapat memberikan identitas berupa nama diperbolehkan                           provide their identity, which can be anonymous, along with
anonim serta nomor telepon/email atau media sosial yang                        a contact number or email address, or social media account
dipergunakan untuk berkomunikasi. Selain itu, pelapor                          for communication purposes. Additionally, the Whistleblower
juga harus melampirkan bukti pendukung baik berupa data,                       must attach supporting evidence such as data, documents,
dokumen, rekaman, atau gambar yang memuat indikasi awal                        recordings, or pictures that provide initial indications of the
yang berpedoman pada 4W1H (what, who, where, when, how).                       violation, guided by the 4W1H principle (what, who, where,
                                                                               when, how).


JENIS-JENIS PELANGGARAN YANG DAPAT                                             TYPES OF REPORTABLE VIOLATIONS
DILAPORKAN
Whistleblowing System (WBS) menindaklanjuti pelanggaran-                       The Whistleblowing System (WBS) follows up on violations
pelanggaran yang dikelompokan dalam 10 kategori sebagai                        grouped into 10 categories as follows but not limited to:
berikut namun tidak terbatas pada :
1. Korupsi                                                                     1. Corruption
2. Suap                                                                        2. Bribery
3. Gratifikasi                                                                 3. Gratuity
4. Benturan Kepentingan                                                        4. Conflict of Interest
5. Pencurian                                                                   5. Theft
6. Kecurangan                                                                  6. Fraud
7. Pelanggaran Hukum dan Peraturan Perusahaan                                  7. Violation of Company Laws and Regulations
8. Pelanggaran Kode Etik                                                       8. Violation of the Code of Conduct
9. Pembocoran Rahasia                                                          9. Leak of Confidential Information
10. Pelanggaran         Akuntansi       dan        Pelaporan    Keuangan       10. Violations of Company Accounting and Financial
   Perusahaan                                                                     Reporting


PERLINDUNGAN BAGI PELAPOR                                                      WHISTLEBLOWER PROTECTION
Perusahaan       juga     memberikan             jaminan    perlindungan       confidentiality of every complainant or disclosure. Such
dan kerahasiaan terhadap setiap pelapor pengaduan/                             assurance is detailed in the SOP for Whistleblowing System
pengungkapan. Perlindungan tersebut tercantum dalam                            Reporting, which includes the following:
SOP Pelaporan Pelanggaran/Whistleblowing System, yaitu
meliputi:
1. Perusahaan menjamin kerahasiaan identitas pelapor,                          1. The Company ensures the Whistleblower’s identity
   kecuali apabila pengungkapan tersebut diperlukan dalam                         is confidential, except when authorities require such
   kaitan dengan laporan atau penyidikan yang dilakukan                           disclosure in connection with a report or investigation.
   oleh pihak berwajib.
2. Perusahaan menjamin perlindungan terhadap pelapor                           2. The Company ensures the Whistleblower is protected
   dari segala bentuk ancaman, intimidasi, hukuman atau                           against all forms of threats, intimidation, punishment
   tindakan tidak menyenangkan dari pihak manapun selama                          or unpleasant actions from any party, as long as the
   pelapor menjaga kerahasiaan kasus yang dilaporkan                              Whistleblower maintains the confidentiality of the
   kepada pihak manapun.                                                          reported case to any party.




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                        Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan yang Baik            Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis          Good Corporate Governance                   Corporate Social and Environmental Responsibility




3. Terhadap Pelapor pelanggaran yang merupakan Karyawan                                 3. The Company protects its employees from attempts
   di lingkungan Perusahaan, Perusahaan melindungi                                            at retaliation that may arise in the work environment,
   Karyawan dari upaya balas dendam yang berpotensi                                           including unfair dismissals, demotions/rank reductions,
   timbul di lingkungan kerja, antara lain seperti pemecatan                                  transfers, harassment or discrimination in any form, and
   yang tidak adil, penurunan jabatan/pangkat dan mutasi,                                     negative entries in their personal data file.
   pelecehan atau diskriminasi dalam segala bentuk serta
   catatan yang merugikan dalam file data pribadinya.
4. Anggota Tim dan Karyawan yang terlibat dalam proses                                  4. The team members and employees involved in the
   investigasi dan pelaporan hasil investigasi wajib menjaga                                  investigation process must maintain the confidentiality
   kerahasiaan data, informasi, kertas kerja dan laporan                                      of data, information, working papers, and investigation
   hasil investigasi.                                                                         reports.
5. Tim dan Karyawan yang terlibat dalam proses investigasi                              5. The team members and employees involved in the
   dilarang mengungkapkan dan menyebarkan sebagian                                            investigation process are prohibited from disclosing
   atau seluruh data, informasi, kertas kerja dan bahan bukti                                 and disseminating part or all of the data, information,
   serta laporan hasil investigasi kepada pihak yang tidak                                    working papers, evidence, and reports on the results
   berkepentingan baik secara lisan maupun tertulis tanpa                                     of the investigation to unauthorized parties, either
   persetujuan Dewan Komisaris dan Direksi.                                                   orally or in writing, without the approval of the Board of
                                                                                              Commissioners and the Board of Directors.
6. Perusahaan menjamin bahwa dalam melakukan proses                                     6. The Company always prioritizes confidentiality and the
   atas setiap Pelaporan dan Pengaduan senantiasa                                             principle of presumption of innocence in a professional
   mengedepankan           kerahasiaan,            asas       praduga     tidak               manner in carrying out the process of each Reporting and
   bersalah dengan cara yang profesional.                                                     Complaint.
7. Pelanggaran terhadap hal-hal tersebut di atas akan                                   7. Violation of the above matters will result in sanctions and
   dikenakan sanksi dan peringatan sesuai dengan peraturan                                    warnings in accordance with the Company’s regulations.
   Perusahaan yang berlaku


PIHAK YANG MENGELOLA PENGADUAN                                                          PARTY IN CHARGE OF THE WHISTLEBLOWING
                                                                                        SYSTEM
Sistem pelaporan pelanggaran/Whistleblowing System berada                               The Whistleblowing System falls under the purview of
di bawah tanggung jawab Direksi. Di samping itu, Dewan                                  the Board of Directors, with the Board of Commissioners
Komisaris yang akan bertanggungjawab dalam pengawasan                                   assuming responsibility for supervising its implementation.
terhadap pelaksanaan sistem tersebut.


Dalam hal ini, Direksi dan Dewan Komisaris bersama-sama                                 In effect, the two boards jointly establish a Whistleblowing
membentuk organisasi pelaporan pelanggaran di Perusahaan.                               organization           within        the        Company.             This   centralized
Di mana organisasi ini bersifat sentralistik yang terdiri dari:                         organization comprises the following components:
1. Pengelola Pelaporan Pelanggaran (Vice President of                                   1. Whistleblowing Manager (Vice President of Corporate
   Corporate Secretary menunjuk Senior Manager dan unit                                       Secretary appoints and oversees a team from the GCG
   kerja GCG selaku tim administrasi WBS) untuk bertugas                                      Work Unit responsible for administering the WBS) in
   dalam:                                                                                     charge of:
   a. Menerima,         mencatat          (register)         dan   melakukan                  a. Receiving, recording, and verifying the completeness
       verifikasi terhadap kelengkapan laporan pelanggaran.                                            of reports on violations.
   b. Melaksanakan program perlindungan pelapor sesuai                                        b. Implementing the whistleblower protection program
       dengan kebijakan yang telah ditetapkan, termasuk                                                in accordance with established policies, including
       menjaga kerahasiaan pelapor dan terlapor (asas                                                  safeguarding the confidentiality of the Whistleblower
       praduga tidak bersalah).                                                                        and the reported party, based on the principle of
                                                                                                       presumption of innocence.




                                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
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                            Ikhtisar Kinerja              Laporan Manajemen      Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                            Performance Highlights        Management Report      Company Profile      Overview on Business Supports




   c. Melakukan pemantauan terhadap perkembangan                                 c. Monitoring the progress of follow-up activities related
       proses tindak lanjut laporan pengaduan pelanggaran.                             to reports of violations.
   d. Menjaga komunikasi dengan pelapor.                                         d. Maintaining communication with the Whistleblower.
   e. Melakukan reviu dan evaluasi perbaikan sistem WBS.                         e. Conducting periodic reviews and evaluations to
                                                                                       identify areas for improvement in the WBS system.
2. Tim Investigasi, dilaksanakan oleh Tim Investigasi Internal                2. Investigation Team, headed by the Internal Investigation
   (Internal Audit).                                                             Team (Internal Audit),
   Tugasnya     secara       keseluruhan             adalah   melakukan          Responsible for conducting further investigations into the
   pemeriksaan lebih lanjut terhadap substansi pelanggaran                       substance of the reported violations. Their primary task
   yang dilaporkan dengan tujuan untuk mencari dan                               is to gather the necessary evidence to verify the accuracy
   mengumpulkan         bukti-bukti          yang     diperlukan       guna      of the allegations and monitor follow-up activities.
   memastikan kebenaran pelaporan dugaan pelanggaran
   serta melakukan monitoring tindak lanjut pelaporan.


PENANGANAN PENGADUAN                                                          REPORT HANDLING
Laporan Pengaduan pelanggaran diterima sebagai berikut:                       Violation Complaint Reports are received with following
                                                                              procedure:
1. Apabila yang dilaporkan melakukan dugaan pelanggaran                       1. If the alleged violation is committed by members of the
   adalah anggota Dewan Komisaris atau anggota dari Organ                        Board of Commissioners or their Supporting Organs,
   Pendukung Dewan Komisaris maka Tim Investigasi WBS                            the WBS Investigation Team reports the violation to the
   menyerahkan laporan pelanggaran tersebut kepada                               President Director to be forwarded to the Shareholders.
   Direktur Utama untuk diteruskan kepada Pemegang
   Saham.
2. Jika Laporan Pelanggaran terkait dengan anggota Direksi                    2. If the Whistleblowing concerns a member of the Board of
   atau orang yang mempunyai hubungan khusus dengan                              Directors or an individual with a special relationship with
   anggota Direksi maka Tim Investigasi WBS menyerahkan                          a Board member, the WBS Investigation Team submits
   laporan    pelanggaran         tersebut           kepada    Komisaris         it to the President Commissioner. Further processing is
   Utama, penanganan lebih lanjut diserahkan kepada                              then transferred to the Board of Commissioners, and if
   Dewan Komisaris dan bila diperlukan investigasi dapat                         necessary, an independent outside investigator/auditor
   dilanjutkan menggunakan investigator/auditor luar yang                        may be employed.
   independen.
3. Jika Laporan Pelanggaran terkait dengan Vice President                     3. If the Whistleblowing pertains to the Vice President
   dan Senior Manager yang langsung di bawah Direksi akan                        or Senior Manager who are directly under the Board of
   didistribusikan kepada Direktur Utama dan Direktur                            Directors, it will be distributed to the President Director
   terkait untuk kemudian diproses lebih lanjut oleh Tim                         and the relevant Director. The Investigation Team will
   Investigasi dengan mengacu pada SOP Internal Audit yang                       conduct an investigation with reference to the applicable
   berlaku.                                                                      Internal Audit SOP.
4. Jika Laporan Pelanggaran dilakukan oleh Personil                           4. If the Whistleblowing involves personnel in a Division or
   unit kerja di bawah Division atau Department akan                             Department, it will be distributed to the relevant Vice
   didistribusikan kepada Vice President yang bersangkutan,                      President, President Director, and the related Director.
   Direktur Utama, dan Direktur terkait untuk kemudian                           The Investigation Team will conduct an investigation with
   diproses lebih lanjut oleh Tim Investigasi dengan mengacu                     reference to the applicable Internal Audit SOP.
   pada SOP Internal Audit yang berlaku.
5. Jika Laporan Pelanggaran terkait Personil di Anak                          5. If the Whistleblowing concerns personnel in a Subsidiary,
   Perusahaan, laporan akan diserahkan kepada Direktur                           the report will be submitted to the President Director,
   Utama dan diteruskan kepada Direktur Anak Perusahaan                          who will forward it to the Director of the Subsidiary for
   untuk ditindaklanjuti sesuai dengan peraturan yang                            further action in accordance with the regulations in force.
   berlaku di Anak Perusahaan.




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                     Analisis dan Pembahasan Manajemen        Tata Kelola Perusahaan yang Baik       Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis       Good Corporate Governance              Corporate Social and Environmental Responsibility




6. Jika Laporan Pelanggaran dilakukan oleh Tim Administrasi                       6. If the Whistleblowing is submitted by the WBS
   WBS, maka laporan pelanggaran tersebut diserahkan                                    Administration Team, it will be sent directly to the
   langsung kepada Direktur Utama. Pelaporan yang                                       President Director. Reports received by the WBS
   diterima oleh Unit Administrasi WBS segera ditentukan                                Administrative Unit are promptly evaluated to determine
   apakah dapat ditindaklanjuti sesuai informasi yang valid                             whether they meet valid criteria for further follow-up.
   atau tidak ditindaklanjuti karena informasi yang diterima
   tidak mempunyai kriteria valid.
7. Tim Investigasi melakukan proses tindak lanjut dan                             7. The Investigation Team will conduct a follow-up process
   monitoring tindak lanjut Laporan Pengaduan Pelanggaran                               and monitor the progress of the Whistleblowing Report.
   dan menginformasikan kepada Tim Administrasi WBS                                     They will inform the WBS Administration Team to finalize
   untuk penyelesaian status laporan pada Media Pelaporan                               the status of the report on the WBS Reporting Media.
   WBS.


JUMLAH LAPORAN DUGAAN PELANGGARAN                                                 NUMBER OF REPORTS OF ALLEGED VIOLATIONS
TAHUN 2023                                                                        IN 2023
Di tahun 2023, Perusahaan mencatat dan menerima 8 laporan                         In 2023, the Company noted and received 8 reports of alleged
dugaan terkait pelanggaran yang dilakukan oleh karyawan,                          violations committed by employees. The report has been
Adapun laporan tersebut telah dilakukan tindak lanjut sesuai                      followed up in accordance with the provisions stipulated in
dengan ketentuan yang diatur dalam Prosedur Pelaporan                             the SOP for Reporting Violations/ Whistleblowing System.
Pelanggaran/ Whistleblowing System.
                                                                                                           2023                                          2022
Laporan dalam Proses / Report in Progress                                                                     -                                           1
Laporan yang Selesai Ditindaklanjuti / Completed Followed Up Reports                                          5                                           2
Laporan Tidak Ditindaklanjuti / Reports that were not followed-up                                             3                                           -
Jumlah / Total                                                                                                8                                           3



Diantara 5 laporan yang ditindaklanjuti terdapat 2 laporan                        Among the 5 reports followed up, 2 reports were proven
yang terbukti adanya pelanggaran. Tindak lanjut pengaduan                         violations. The complaint is followed-up by imposing
di atas berupa pemberian sanksi sesuai dengan ketentuan                           sanctions in accordance with the provisions applicable in the
yang berlaku di Perusahaan terhadap karyawan yang telah                           Company against employees who have been proven to have
terbukti melakukan pelanggaran. Adapun terdapat 3 laporan                         committed violations. There were 3 reports that were not
tidak ditindaklanjuti karena laporan tersebut tidak memenuhi                      followed up as the reports did not meet the requirements of
syarat dalam mekanisme pelaporan pelanggaran.                                     the whistleblowing mechanism.


SANKSI BAGI TERLAPOR                                                              SANCTIONS FOR VIOLATORS
Setiap   terlapor   yang     dinyatakan           terbukti   melakukan            Individuals who are found to have committed a violation,
pelanggaran akan diberikan sanksi sesuai dengan ketentuan                         as reported, will be subject to sanctions as defined in the
yang telah ditetapkan Perusahaan.                                                 Company’s policies.


SOSIALISASI WHISTLEBLOWING SYSTEM                                                 WHISTLEBLOWING SYSTEM DISSEMINATION
Di tahun 2023, Perusahaan secara berkala melakukan                                In 2023, the Company regularly held internal outreach
sosialisasi secara internal melalui berbagai media, seperti                       through various media, such as internal bulletins, posters,
buletin internal, poster, sosialisasi etika, hingga presentasi                    ethics outreach, and direct presentations. The WBS
langsung. Adapun sosialisasi WBS bagi pihak eksternal                             dissemination for external parties is delivered via the
disampaikan melalui website dan pengiriman surat edaran/                          website and sending circulars/memos. In addition, in 2023
memo. Selain itu, pada tahun 2023 Perusahaan melakukan                            the Company will conduct a survey on the effectiveness of
survei efektivitas media pelaporan WBS kepada karyawan,                           WBS reporting media for employees, to assess the extent of




                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen       Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report       Company Profile     Overview on Business Supports




untuk menilai sejauh mana pemahaman dan kepedulian                             employee understanding and concern for reporting media,
karyawan terhadap media pelaporan, serta saran peningkatan                     as well as suggestions for improvements in the future. These
di masa yang akan datang. Hal ini dilakukan dengan tujuan                      outreach efforts were aimed at promoting Good Corporate
untuk mendukung penerapan Tata Kelola Perusahaan yang                          Governance, enhancing understanding of the Whistleblowing
Baik (Good Corporate Governance), meningkatkan pemahaman                       System mechanisms at the Company, and improving the
mengenai mekanisme sistem pelaporan pelanggaran yang                           effectiveness of its implementation.
ada di Perusahaan, dan untuk meningkatkan efektivitas
penerapan Sistem Pelaporan Pelanggaran.



Penerapan Atas Pedoman Tata Kelola Perusahaan Terbuka
Implementation of Public Company Governance Guidelines

PT Semen Baturaja Tbk telah menetapkan dasar Pedoman                           PT Semen Baturaja Tbk has established the basis for Corporate
Tata Kelola Perusahaan berdasarkan Surat Edaran Otoritas                       Governance Guidelines based on Financial Services Authority
Jasa Keuangan No. 32/SEOJK.04/2015 tentang Pedoman                             Circular Letter No. 32/SEOJK.04/2015 on Public Company
Tata Kelola Perusahaan Terbuka sebagai standar penerapan                       Governance Guidelines as a standard for implementing GCG,
GCG, yaitu meliputi 5 (lima) aspek yang diturunkan ke dalam 8                  which includes 5 (five) aspects which are reduced to 8 (eight)
(delapan) prinsip dan 25 (dua puluh lima) rekomendasi.                         principles and 25 (twenty five) recommendations.


           Implementasi Pedoman Tata Kelola Perusahaan Terbuka / Implementation of Public Company Governance Guidelines
                                                                                                                                            Halaman
                                     Rekomendasi /                               Penerapan di Semen Baturaja /
   Prinsip / Principle                                                                                                                   Pemenuhan /
                                    Recommendation                             Implementation at Semen Baturaja
                                                                                                                                        Fulfilled on Page
                                                                     Aspek 1 / Aspect 1
Prinsip 1                  Perusahaan              Terbuka        Terpenuhi / Complied                                                  376,384,388,389
Meningkatkan Nilai         memiliki cara atau prosedur            Perusahaan mempunyai prosedur pengambilan suara dalam
Penyelenggaraan            teknis            pengumpulan          pengambilan keputusan atas suatu mata acara yang terdapat
RUPS                       suara (voting) baik secara             dalam Tata Tertib RUPS, dimana sebelumnya Tata Tertib RUPS
/ Principle 1              terbuka maupun tertutup yang           telah diberikan kepada Pemegang Saham yang hadir dan
Increasing the Value of    mengedepankan independensi,            dijelaskan oleh Pimpinan RUPS saat pembukaan RUPS.
GMS Implementation         dan kepentingan pemegang               Perusahaan telah menunjuk pihak independen yaitu Biro
                           saham. / Public Company                Administrasi Efek PT Datindo Entrycom dan Notaris
                           has a technical method or              Aulia Taufani, S.H. serta Notaris Aryanti Artisari, S.H.,
                           procedure for voting, both open        M.Kn., dalam melakukan proses penghitungan suara dan/
                           and closed, which promotes             atau melakukan validasi. / The Company follows a voting
                           independence and the interests         procedure to make decisions on the agenda during the
                           of shareholders.                       GMS. Before the GMS, the rules of procedure are distributed
                                                                  to attending shareholders and explained by the Chair.
                                                                  Independent parties, namely the Share Registrar PT Datindo
                                                                  Entrycom and Notary Aulia Taufani, S.H. and Notary Aryanti
                                                                  Artisari, S.H., M.Kn., were appointed to carry out the vote
                                                                  counting process and/or conduct validation.
                           Seluruh anggota Direksi dan            Terpenuhi / Complied                                                        377
                           anggota Dewan Komisaris                Perusahaan telah menyampaikan pemberitahuan dan
                           Perusahaan Terbuka hadir               undangan kepada Direksi dan Dewan Komisaris dan
                           dalam RUPS Tahunan. / All              seluruhnya hadir dalam Rapat Umum Pemegang Saham
                           members of the Board of                Tahunan. / The Company has issued notifications
                           Directors and members of               and invitations to the Board of Directors and Board of
                           the Public Company’s Board             Commissioners and all of them have participated in the
                           of Commissioners attend the            Annual General Meeting of Shareholders.
                           Annual GMS.
                           Ringkasan     risalah      RUPS        Terpenuhi / Complied                                                    377,385,390
                           tersedia dalam Situs Web               Dalam website Perusahaan telah tercantum risalah RUPS
                           Perusahaan Terbuka paling              mulai dari RUPS Tahunan Tahun Buku 2013 sampai dengan
                           sedikit selama 1 (satu) tahun / A      RUPS Tahunan Tahun Buku 2022 dan RUPS Luar Biasa Tahun
                           summary of the minutes of the          2023. / On the Company’s website, the minutes of the GMS
                           GMS is available on the Public         have been listed starting from the 2013 Annual GMS to the
                           Company Website for at least 1         2022 Fiscal Year Annual GMS and 2023 Extraordinary GMS.
                           (one) year.




602         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 605
                        Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis   Good Corporate Governance           Corporate Social and Environmental Responsibility




          Implementasi Pedoman Tata Kelola Perusahaan Terbuka / Implementation of Public Company Governance Guidelines
                                                                                                                                                         Halaman
                                     Rekomendasi /                                Penerapan di Semen Baturaja /
  Prinsip / Principle                                                                                                                                 Pemenuhan /
                                    Recommendation                              Implementation at Semen Baturaja
                                                                                                                                                     Fulfilled on Page
Prinsip 2                  Perusahaan Terbuka memiliki       Terpenuhi / Complied                                                                     564, 567, 569
Meningkatkan               suatu kebijakan komunikasi        Perusahaan telah mempunyai kebijakan terkait komunikasi
Kualitas Komunikasi        dengan pemegang saham atau        dengan Pemegang Saham atau investor. Adapun
Perusahaan Terbuka         investor. / Public Company has    kebijakannya diatur dalam Pedoman Perilaku/Code of
dengan Pemegang            a communication policy with       Conduct (CoC) Perusahaan. / The Company has a policy
Saham atau Investor /      shareholders or investors.        regarding communication with shareholders or investors.
Principle 2                                                  The policy is regulated in the Company’s Code of Conduct
Improving                                                    (CoC).
Public Company
Communication
Quality with
Shareholders or
Investors
                           Perusahaan            Terbuka     Terpenuhi / Complied                                                                          571
                           mengungkapkan        kebijakan    Kebijakan terkait komunikasi dengan Pemegang Saham atau
                           komunikasi         Perusahaan     investor terdapat dalam website Perusahaan pada menu
                           Terbuka dengan pemegang           Tata Kelola bagian Kebijakan Perusahaan serta Pedoman
                           saham atau investor dalam         Perilaku dan Materi presentasi Perusahaan untuk Pemegang
                           Situs Web. / Public Company       Saham atau Investor tersedia dalam Situs Web Perusahaan
                           discloses the communication       untuk memberikan kesetaraan pada Pemegang Saham atau
                           policy of the Public Company      Investor atas pelaksanaan komunikasi. / The Company
                           with shareholders or investors    has established policies regarding communication with
                           on the website.                   shareholders and investors, which can be accessed on the
                                                             Company’s website under the Governance menu in the
                                                             Company Policy section. The Company’s Code of Conduct
                                                             and presentation materials for shareholders or investors
                                                             are also available on the Company’s website, ensuring equal
                                                             access to communication for all shareholders and investors.
                                                                Aspek 2 / Aspect 2
Prinsip 3                  Penentuan              jumlah     Terpenuhi / Complied                                                                    62,391,400,401
Memperkuat                 anggota Dewan Komisaris           Penentuan       jumlah      Dewan       Komisaris     telah
Keanggotaan dan            mempertimbangkan      kondisi     mempertimbangkan kondisi Perusahaan, yang terakhir
Komposisi Dewan            Perusahaan     Terbuka.     /     ditetapkan pada RUPS Luar Biasa tanggal 8 November 2023
Komisaris /                Determination of the number       berdasarkan surat dari PT Semen Indonesia (Persero) Tbk
Principle 3                of members of the Board of        selaku Pemegang Saham Seri B Mayoritas, Nomor: 000408/
Strengthening              Commissioners     considering     HK/SUP/50032577/2000/11.2023 perihal Penyampaian
the Membership             the condition of the Public       Usulan Keputusan Pemegang Saham Seri A Dwiwarna dan
and Composition            Company.                          Pemegang Saham Seri B Terbanyak PT Semen Baturaja
of the Board of                                              Tbk. Adapun berdasarkan hasil RUPS tersebut terdapat
Commissioners                                                1 (satu) orang Komisaris yang mengundurkan diri dan 2
                                                             (dua) orang Komisaris yang baru ditunjuk sehingga jumlah
                                                             Dewan Komisaris Perusahaan per tanggal 31 Desember 2023
                                                             adalah 4 (empat) orang. / The determination of the number
                                                             of Board of Commissioners has taken into account the
                                                             condition of the Company, which final decision was made
                                                             at the Extraordinary General Meeting of Shareholders on 8
                                                             November 2023 based on a letter from PT Semen Indonesia
                                                             (Persero) Tbk as the Majority Series B Shareholder, No. r:
                                                             000408/HK/SUP/50032577/2000/1.2023 on Submission of
                                                             Proposals Decision of the Series A Dwiwarna Shareholder
                                                             and Majority Series B Shareholder of PT Semen Baturaja
                                                             Tbk. Based on the results of the GMS, 1 (one) Commissioner
                                                             resigned and 2 (two) Commissioners were newly appointed.
                                                             so that the number of the Company’s Board of Commissioners
                                                             as of December 31, 2023 was 4 (four) members.




                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                 603
Page 606
                             Ikhtisar Kinerja             Laporan Manajemen       Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report       Company Profile      Overview on Business Supports




          Implementasi Pedoman Tata Kelola Perusahaan Terbuka / Implementation of Public Company Governance Guidelines
                                                                                                                                            Halaman
                                    Rekomendasi /                               Penerapan di Semen Baturaja /
  Prinsip / Principle                                                                                                                    Pemenuhan /
                                   Recommendation                             Implementation at Semen Baturaja
                                                                                                                                        Fulfilled on Page
                          Penentuan            komposisi         Terpenuhi / Complied                                                       119-123
                          anggota Dewan Komisaris                Penentuan      komposisi    anggota    Dewan      Komisaris
                          memperhatikan keberagaman              sesuai       persyaratan     pengangkatan        tercantum
                          keahlian, pengetahuan, dan             di dalam Peraturan OJK No. 33/POJK.04/2014
                          pengalaman yang dibutuhkan             tentang Direksi dan Dewan Komisaris Emiten Atau Perusahaan
                          /   Determination     of    the        Publik. Perusahaan telah memperhatikan keberagaman
                          composition of members of              keahlian, pengetahuan dan pengalaman yang dibutuhkan.
                          the Board of Commissioners             Keberagaman jajaran Dewan Komisaris bisa dilihat pada buku
                          takes into account the diversity       laporan tahunan ini. / The Company follows the guidelines
                          of skills, knowledge and               for the composition of the Board of Commissioners as
                          experience required.                   required by OJK Regulation No. 33/POJK.04/2014 regarding
                                                                 Directors and Board of Commissioners of Issuers or Public
                                                                 Companies. The Company also considers the diversity of
                                                                 skills, knowledge, and experience required for the Board of
                                                                 Commissioners. The diversity of the Board of Commissioners’
                                                                 backgrounds can be observed in this annual report.
Prinsip 4                 Dewan Komisaris mempunyai              Terpenuhi / Complied                                                       408,411
Meningkatkan Kualitas     kebijakan penilaian sendiri            Dewan Komisaris telah memiliki kebijakan penilaian sendiri
Pelaksanaan Tugas         (Self-Assessment) untuk menilai        (Self Assessment) untuk menilai kinerja Dewan Komisaris
dan Tanggung Jawab        kinerja Dewan Komisaris / The          yang tercantum Pedoman GCG dan Board Manual. / The
Dewan Komisaris /         Board of Commissioners has             Board of Commissioners has implemented a self-assessment
Principle 4               a self-assessment policy to            policy to evaluate their performance in accordance with the
Improving the Quality     assess the performance of the          GCG Guidelines and Board Manual.
of Implementation         Board of Commissioners.
of Duties and
Responsibilities
of the Board of
Commissioners
                          Kebijakan penilaian sendiri            Terpenuhi / Complied                                                       445-449
                          (Self-Assessment) untuk menilai        Kebijakan penilaian sendiri (Self-Assessment) untuk menilai
                          kinerja   Dewan     Komisaris,         kinerja Dewan Komisaris telah diungkapkan melalui Laporan
                          diungkapkan melalui Laporan            Tahunan Perusahaan, bagian Tata Kelola Perusahaan, sub
                          Tahunan Perusahaan Terbuka             bagian Penilaian terhadap Dewan Komisaris dan Direksi / The
                          / Self-assessment policy to            policy for self-assessment of the Board of Commissioners
                          assess the performance of              has been disclosed in the Corporate Governance section
                          the Board of Commissioners,            of the Company’s Annual Report, under the sub-section
                          disclosed through the Public           Assessment of the Board of Commissioners and Directors.
                          Company Annual Repor
                          Dewan Komisaris mempunyai              Terpenuhi / Complied                                                       404-405
                          kebijakan terkait pengunduran          Dewan Komisaris mempunyai kebijakan terkait pengunduran
                          diri anggota Dewan Komisaris           diri anggota Dewan Komisaris apabila terlibat dalam
                          apabila      terlibat      dalam       kejahatan keuangan yang tercantum dalam Anggaran
                          kejahatan keuangan. / The              Dasar Perusahaan. / The Board of Commissioners has
                          Board     of     Commissioners         established a policy in accordance with the Company’s
                          has a policy regarding the             Articles of Association regarding the resignation of Board of
                          resignation of members of the          Commissioners members if they are found to be involved in
                          Board of Commissioners if they         financial crimes.
                          are involved in financial crimes.




604        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 607
                        Analisis dan Pembahasan Manajemen     Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis    Good Corporate Governance           Corporate Social and Environmental Responsibility




          Implementasi Pedoman Tata Kelola Perusahaan Terbuka / Implementation of Public Company Governance Guidelines
                                                                                                                                                          Halaman
                                     Rekomendasi /                                 Penerapan di Semen Baturaja /
  Prinsip / Principle                                                                                                                                  Pemenuhan /
                                    Recommendation                               Implementation at Semen Baturaja
                                                                                                                                                      Fulfilled on Page
                           Dewan Komisaris atau Komite        Terpenuhi / Complied                                                                        498-506
                           yang    menjalankan     fungsi     Dewan Komisaris telah memiliki Komite Nominasi dan
                           Nominasi dan Remunerasi            Remunerasi yang bertanggungjawab melakukan penyusunan
                           menyusun kebijakan suksesi         kebijakan suksesi Direksi. / The Board of Commissioners
                           dalam     proses      Nominasi     has established a policy in accordance with the Company’s
                           anggota Direksi / The Board        Articles of Association regarding the resignation of Board of
                           of Commissioners or the            Commissioners members if they are found to be involved in
                           Committee that carries out the     financial crimes.
                           Nomination and Remuneration
                           function prepares a succession
                           policy in the Nomination
                           process for members of the
                           Board of Directors
                                                                 Aspek 3 / Aspect 3
Prinsip 5                  Penentuan jumlah anggota           Terpenuhi / Complied                                        85-86,391,419-420
Memperkuat                 Direksi   mempertimbangkan         Penentuan jumlah Direksi telah mempertimbangkan kondisi
Keanggotaan dan            kondisi Perusahaan Terbuka         Perusahaan, yang terakhir ditetapkan pada RUPS Luar Biasa
Komposisi Direksi          serta    efektivitas   dalam       tanggal 8 November 2023 berdasarkan surat dari PT Semen
/                          pengambilan keputusan. / The       Indonesia (Persero) Tbk selaku Pemegang Saham Seri B
Principle 5                determination of the number        Mayoritas, Nomor: 000408/HK/SUP/50032577/2000/11.2023
Strengthening the          of members of the Board of         perihal Penyampaian Usulan Keputusan Pemegang Saham
Membership and             Directors takes into account       Seri A Dwiwarna dan Pemegang Saham Seri B Terbanyak
Composition of the         the condition of the Public        PT Semen Baturaja Tbk. Adapun berdasarkan hasil RUPS
Board of Directors         Company and effectiveness in       tersebut terdapat 1 (satu) orang Direksi yang berakhir
                           making decisions.                  masa jabatannya dan 1 (satu) orang Direksi yang baru
                                                              ditunjuk sehingga jumlah Direksi Perusahaan per tanggal 31
                                                              Desember 2023 adalah 3 (orang) orang. / The determination
                                                              of the number of Board of Directors has taken into account
                                                              the condition of the Company, which was most recently
                                                              determined at the Extraordinary GMS on November 8,
                                                              2023 based on a letter from PT Semen Indonesia (Persero)
                                                              Tbk as the Majority Series B Shareholder, No, 000408/HK/
                                                              SUP/50032577/2000/11.2023 regarding Submission of the
                                                              Proposed Decision for Series A Dwiwarna Shareholders
                                                              and Majority Series B Shareholders PT Semen Baturaja Tbk.
                                                              Based on the results of the GMS, there was 1 (one) Director
                                                              whose term of office had ended and 1 (one) Director who had
                                                              just been appointed so that the number of Company Board
                                                              of Directors as of December 31, 2023 was 3 (three) members.
                           Penentuan komposisi anggota        Terpenuhi / Complied                                                                        125-129
                           Direksi       memperhatikan,       Penentuan komposisi anggota Direksi sesuai persyaratan
                           keberagaman           keahlian,    pengangkatan tercantum di dalam Peraturan OJK No. 33/
                           pengetahuan,               dan     POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten
                           pengalaman yang dibutuhkan.        Atau Perusahaan Publik. Perusahaan telah memperhatikan
                           /   Determination     of   the     keberagaman keahlian, pengetahuan, dan pengalaman
                           composition of members of the      yang dibutuhkan. Keberagaman anggota Direksi bisa
                           Board of Directors takes into      dilihat pada buku laporan tahunan ini. / The composition
                           account the diversity of skills,   of the Board of Directors is determined based on the
                           knowledge and experience           appointment requirements specified in OJK Regulation
                           required.                          No. 33/POJK.04/2014 regarding Directors and Board of
                                                              Commissioners of Issuers or Public Companies. The company
                                                              places great emphasis on the diversity of skills, knowledge,
                                                              and experience necessary for the role. The diversity of the
                                                              Board of Directors can be observed in this annual report.
                           Anggota       Direksi     yang     Terpenuhi / Complied                                                                          128
                           membawahi bidang akuntansi         Direktur (Fungsi Keuangan dan SDM) Perusahaan adalah
                           atau     keuangan      memiliki    seorang ahli keuangan yang berpengalaman serta memiliki
                           keahlian dan/atau pengetahuan      latar belakang pendidikan keuangan yaitu lulusan dari
                           di bidang akuntansi. / Members     Sarjana Akuntansi Perbanas Institute dan Master of Business
                           of the Board of Directors          Administration Universitas Gadjah Mada. / The Company’s
                           in charge of accounting or         Director (Finance and HR Department) is an experienced
                           finance have expertise and/or      financial expert with a background in financial education.
                           knowledge in accounting.           She holds a degree in Accounting from Perbanas Institute
                                                              and a Master of Business Administration from Universitas
                                                              Gadjah Mada.




                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                  605
Page 608
                             Ikhtisar Kinerja             Laporan Manajemen       Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report       Company Profile       Overview on Business Supports




          Implementasi Pedoman Tata Kelola Perusahaan Terbuka / Implementation of Public Company Governance Guidelines
                                                                                                                                             Halaman
                                    Rekomendasi /                               Penerapan di Semen Baturaja /
  Prinsip / Principle                                                                                                                     Pemenuhan /
                                   Recommendation                             Implementation at Semen Baturaja
                                                                                                                                         Fulfilled on Page
Prinsip 6                 Direksi mempunyai kebijakan            Terpenuhi / Complied                                                        432-433
Meningkatkan Kualitas     penilaian     sendiri  (Self-          Direksi telah memiliki kebijakan penilaian sendiri (Self
Pelaksanaan Tugas         Assessment) untuk menilai              Assessment) untuk menilai kinerja Direksi yang tercantum
dan Tanggung Jawab        kinerja Direksi / The Board            dalam Pedoman GCG dan Piagam Direksi. / The Board of
Direksi.                  of Directors has a Self-               Directors has a self-assessment policy, as outlined in the GCG
/                         Assessment policy to assess            Guidelines and Board Manual, to evaluate their performance.
Principle 6               the performance of the Board
Improving the Quality     of Directors.
of Implementation of
Duties and Directors
Responsibilities.
                          Kebijakan penilaian sendiri            Terpenuhi / Complied                                                        449-454
                          (SelfAssessment) untuk menilai         Kebijakan penilaian sendiri (Self Assessment) untuk menilai
                          kinerja Direksi diungkapkan            kinerja Direksi telah diungkapkan melalui Laporan Tahunan
                          melalui    laporan   Tahunan           Perusahaan bagian Tata Kelola Perusahaan sub bagian
                          Perusahaan Terbuka. / Self-            penilaian terhadap Dewan Komisaris dan Direksi. / The
                          Assessment policy to assess            Self-Assessment policy for assessing the performance of
                          the performance of the Board           the Board of Directors has been disclosed in the Corporate
                          of Directors is disclosed              Governance section of the Company’s Annual Report.
                          through the Public Company’s           Specifically, it can be found in the assessment sub-section
                          Annual Report.                         of the Board of Commissioners and Board of Directors.
                          Direksi mempunyai kebijakan            Terpenuhi / Complied                                                        420-421
                          terkait    pengunduran        diri     Direksi mempunyai kebijakan terkait pengunduran diri
                          anggota Direksi apabila terlibat       anggota Direksi apabila terlibat dalam kejahatan keuangan
                          dalam kejahatan keuangan               yang tercantum dalam Anggaran Dasar Perusahaan / The
                          / The Board of Directors               Company’s Articles of Association stipulate a policy whereby
                          has a policy regarding the             a member of the Board of Directors must resign if they are
                          resignation of members of the          found to be involved in financial crimes.
                          Board of Directors if they are
                          involved in financial crimes.
                                                                   Aspek 4 / Aspect 4
Prinsip 7                 Perusahaan Terbuka memiliki            Terpenuhi / Complied                                                          589
Meningkatkan              kebijakan untuk mencegah               Kebijakan mengenai aspek tata kelola perusahaan terkait
Aspek Tata Kelola         terjadinya insider trading. /          insider trading pada prinsipnya telah diatur dalam Pedoman
Perusahaan melalui        Public Company has a policy to         GCG. / The GCG Guidelines generally regulate policies related
Partisipasi Pemangku      prevent insider trading.               to insider trading as part of corporate governance aspects.
Kepentingan
/ Principle 7
Improving Corporate
Governance Aspects
through Stakeholder
Participation
                          Perusahaan Terbuka memiliki            Terpenuhi / Complied                                                        576-578
                          kebijakan anti korupsi dan anti-       Kebijakan tersebut telah diatur di dalam Pedoman
                          fraud. / Public Company has an         Pengendalian Gratifikasi dan Pedoman Perilaku/Code of
                          anti-corruption and anti-fraud         Conduct (CoC) Perusahaan / This policy has been regulated
                          policy.                                in the Gratuities Control Guidelines and the Company’s Code
                                                                 of Conduct (CoC).
                          Perusahaan Terbuka memiliki            Terpenuhi / Complied                                                        591-593
                          kebijakan tentang seleksi              Proses seleksi pemasok tercantum di SOP Pengadaan Barang
                          dan peningkatan kemampuan              dan Jasa Perusahaan / The supplier selection process is
                          Pemasok atau Vendor. /                 listed in the Company’s Goods and Services Procurement
                          Public Company has a policy            SOP
                          regarding the selection and
                          capacity building of Suppliers
                          or Vendors.
                          Perusahaan Terbuka memiliki            Terpenuhi / Complied                                                          569
                          kebijakan tentang pemenuhan            Perusahaan mengatur kebijakan tentang pemenuhan hak-
                          hak-hak Kreditur. / Public             hak Kreditur dalam Pedoman GCG dan Pedoman Perilaku
                          Company has a policy regarding         (Code of Conduct) Perusahaan. / The Company regulates
                          the fulfillment of Creditors’          policies regarding the fulfillment of Creditor rights in the
                          rights.                                Company’s GCG Guidelines and Code of Conduct.




606        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 609
                        Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik    Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis   Good Corporate Governance           Corporate Social and Environmental Responsibility




          Implementasi Pedoman Tata Kelola Perusahaan Terbuka / Implementation of Public Company Governance Guidelines
                                                                                                                                                         Halaman
                                     Rekomendasi /                                Penerapan di Semen Baturaja /
  Prinsip / Principle                                                                                                                                 Pemenuhan /
                                    Recommendation                              Implementation at Semen Baturaja
                                                                                                                                                     Fulfilled on Page
                           Perusahaan Terbuka memiliki       Terpenuhi / Complied                                                                          596
                           kebijakan       Whistleblowing    Kebijakan Whistleblowing System diatur di dalam Prosedur
                           System. / Public Company has a    Pelaporan Pelanggaran/Whistleblowing System (WBS)
                           Whistleblowing System policy.     dan Manual WBS. / The Whistleblowing System policy is
                                                             regulated in the Whistleblowing System (WBS) SOP and the
                                                             WBS Manual.
                           Perusahaan Terbuka memiliki       Terpenuhi / Complied                                                                          460
                           kebijakan pemberian insentif      Kebijakan insentif jangka panjang kepada Direksi
                           jangka     panjang     kepada     mengacu pada surat Direktur Keuangan dan Manajemen
                           Direksi dan Karyawan. / Public    Portofolio PT Semen Indonesia (Persero) Nomor 001106/
                           Company has a policy of           SM/SUP/50000793/2000/09.2023 tanggal 8 September
                           providing long-term incentives    2023 tentang Penetapan Tantiem Tahun Buku 2022 serta
                           to Directors and Employees.       Gaji Direksi dan Honorarium Dewan Komisaris berikut
                                                             Tunjangan dan Fasilitas Lainnya untuk Tahun Buku 2023,
                                                             sedangkan untuk Karyawan, kebijakan tersebut terdapat
                                                             dalam Perjanjian Kerja Bersama (PKB). / The long-
                                                             term incentive policy for the Board of Directors refers
                                                             to the letter from the Director of Finance and Portfolio
                                                             Management of PT Semen Indonesia (Persero) No. 001106/
                                                             SM/SUP/50000793/2000/09.2023 dated September 8, 2023
                                                             on Determination of Tantiem for the 2022 Fiscal Year as well
                                                             as Board of Directors’ Salaries and Board of Commissioners
                                                             Honorarium The following are allowances and other facilities
                                                             for the 2023 fiscal year, while for employees, these policies
                                                             are contained in the Collective Labor Agreement (CLA).
                                                                Aspek 5 / Aspect 5
Prinsip 8                  Perusahaan             Terbuka    Terpenuhi / Complied                                                                203-205,563-564
Meningkatkan               m e m a n f a a t k a n           Selain website, Perusahaan memanfaatkan teknologi
Pelaksanaan                penggunaan           teknologi    informasi dan aplikasi media sosial lainnya seperti melalui
Keterbukaan Informasi      informasi secara lebih luas       portal internal, email, Instagram, Twitter, Facebook dan
/                          selain Situs Web sebagai media    YouTube./ In addition to the website, the company also
Prinsip 8                  keterbukaan informasi. / Public   utilizes various social media platforms and information
Improving the              Companies make wider use of       technology, such as internal portals, email, Instagram,
Implementation of          information technology apart      Twitter, Facebook, and YouTube.
Information Disclosure     from Websites as a medium for
                           information disclosure.
                           Laporan Tahunan Perusahaan        Terpenuhi / Complied                                                                        175-176
                           Terbuka        mengungkapkan      Dalam Laporan Tahunan Tahun Buku 2023 telah
                           pemilik manfaat akhir dalam       mengungkapkan Struktur Pemegang Saham dengan
                           kepemilikan saham Perusahaan      Kepemilikan lebih dari 5% (lima persen) per 31 Desember
                           Terbuka paling sedikit 5% (lima   2023. / The Annual Report for Fiscal Year 2023 has disclosed
                           persen), selain pengungkapan      the ownership structure of shareholders with more than 5%
                           pemilik manfaat akhir dalam       (five percent) ownership as of December 31, 2022.
                           kepemilikan saham Perusahaan
                           Terbuka melalui pemegang
                           saham utama dan pengendali
                           / Public Company Annual
                           Report discloses the ultimate
                           beneficial owner in the Public
                           Company share ownership of
                           at least 5% (five percent), in
                           addition to disclosure of the
                           ultimate beneficial owner in
                           the Public Company share
                           ownership through the main
                           and controlling shareholders.




                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                 607
Page 610
07
Page 611
 Tanggung Jawab Sosial dan Lingkungan
Corporate Social and Environmental Responsibility
Page 612
                            Ikhtisar Kinerja             Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                            Performance Highlights       Management Report      Company Profile     Overview on Business Supports




Tanggung Jawab Sosial dan Lingkungan
Corporate Social and Environmental Responsibility




SMBR sebagai corporate citizen yang juga merupakan emiten                    SMBR as a corporate citizen which is also a public issuer,
publik, sekaligus Perusahaan yang mengelola Sumber Daya                      as well as a company that manages natural resources in
Alam di industri semen, memiliki komitmen untuk turut                        the cement industry, has a commitment to participate in
berperan serta dalam pembangunan berkelanjutan melalui                       sustainable development through Social and Environmental
program kegiatan Tanggung Jawab Sosial dan Lingkungan                        Responsibility (TJSL) activity programs with reference to
(TJSL) dengan mengacu pada undang-undang dan peraturan                       the existing laws and regulations. SMBR always maximizes
yang berlaku. SMBR senantiasa memaksimalkan dalam                            the provision of beneficial value in the economic, social, and
pemberian nilai manfaat di bidang ekonomi, sosial, dan                       environmental fields to all stakeholders.
lingkungan kepada seluruh pemangku kepentingan.


Di samping itu, sebagai bagian dari Badan Usaha Milik Negara                 In addition, as part of a State-Owned Enterprise (SOE),
(BUMN), SMBR mengimplementasikan program kegiatan TJSL                       SMBR implements the TJSL activity program in a systematic
secara sistematis dan terpadu. Implementasi ini dilakukan                    and integrated manner. This implementation is carried out
untuk menjamin pelaksanaan, pencapaian keberhasilan,                         to ensure the implementation, achievement of success,
dan pengelolaan dampak dari program TJSL sesuai dengan                       and management of the impacts of the TJSL program in




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                     Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan yang Baik        Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis           Good Corporate Governance               Corporate Social and Environmental Responsibility




                                                             Tanggung Jawab Sosial dan Lingkungan
                                                  Corporate Social and Environmental Responsibility



prioritas dan/atau pencapaian dari tujuan Program TJSL                                accordance with the priorities and/or achievement of the
BUMN. Pemenuhan TJSL yang dijalankan Perusahaan                                       objectives of the SOE TJSL The Company's TJSL compliance
semakin diperkuat dengan regulasi terbaru, yaitu Peraturan                            is further strengthened by the latest regulations, namely
Menteri Badan Usaha Milik Negara Republik Indonesia                                   Regulation of the Minister of State-Owned Enterprises of the
No. PER-1/MBU/03/2023 tentang Penugasan Khusus dan                                    Republic of Indonesia No. PER-1/MBU/03/2023 concerning
Program Tanggung Jawab Sosial dan Lingkungan Badan                                    Special        Assignments         and        Social         and        Environmental
Usaha Miliki Negara yang menggantikan Peraturan Menteri                               Responsibility Programs for State-Owned Enterprises which
Badan Usaha Milik Negara No. PER-6/MBU/09/2022 tentang                                replaces Minister of State-Owned Enterprises Regulation
Perubahan atas Peraturan Menteri Badan Usaha Milik Negara                             No. PER-6/MBU/09/2022 concerning Amendments to
No. PER-05/MBU/04/2021 tentang Program Tanggung Jawab                                 Minister of State-Owned Enterprises Regulation No. PER-
Sosial dan Lingkungan Badan Usaha Milik Negara.                                       05/MBU/04/2021 concerning Social and Environmental
                                                                                      Responsibility Programs for State-Owned Enterprises.


Secara berkala, SMBR akan terus memberikan kontribusi                                 Periodically, SMBR will continue to make positive contributions
yang positif kepada masyarakat dan lingkungan. Dalam                                  to society and the environment. In its operational activities,
aktivitas operasionalnya, SMBR berupaya untuk mewujudkan                              SMBR strives to realize the Sustainable Development Goals
Tujuan     Pembangunan       Berkelanjutan                (TPB)/Sustainable           (SDGs), namely carrying out development that maintains
Development Goals (SDGs), yaitu melakukan pembangunan                                 a sustainable increase in the economic welfare of the
yang      menjaga   peningkatan            kesejahteraan          ekonomi             community, development that maintains the sustainability of
masyarakat     secara     berkesinambungan,                  pembangunan              the social life of the community, development that maintains
yang menjaga keberlanjutan kehidupan sosial masyarakat,                               the quality of the environment and development that ensures
pembangunan yang menjaga kualitas lingkungan hidup serta                              justice and the implementation of governance that is able
pembangunan yang menjamin keadilan dan terlaksananya                                  to maintain an improvement in the quality of life from one
tata kelola yang mampu menjaga peningkatan kualitas hidup                             generation to the next. This effort was carried out by SMBR
dari satu generasi ke generasi berikutnya. Upaya tersebut                             by realizing the optimal realization of the TJSL program for all
dilakukan oleh SMBR dengan mewujudkan realisasi program                               Company stakeholders.
TJSL dengan optimal kepada seluruh pemangku kepentingan
Perusahaan.


Program TJSL SMBR dilaksanakan dengan mengacu pada                                    The SMBR TJSL program is implemented with reference
4 (empat) pilar utama TJSL BUMN. Pilar TJSL mencakup                                  to the 4 (four) main pillars of SOE TJSL. The TJSL pillar
pada 17 Tujuan Pembangunan Berkelanjutan, yaitu (1) Tanpa                             covers 17 Sustainable Development Goals, namely (1) No
Kemiskinan; (2) Tanpa Kelaparan; (3) Kehidupan Sehat dan                              Poverty; (2) No Hunger; (3) Healthy and Prosperous Life; (4)
Sejahtera; (4) Pendidikan Berkualitas; (5) Kesetaraan Gender;                         Quality Education; (5) Gender Equality; (6) Clean Water and
(6) Air Bersih dan Sanitasi Layak; (7) Energi Bersih dan                              Adequate Sanitation; (7) Clean and Affordable Energy; (8)
Terjangkau; (8) Pekerjaan Layak dan Pertumbuhan Ekonomi;                              Decent Work and Economic Growth; (9) Industry, Innovation,
(9) Industri, Inovasi dan Infrastruktur; (10) Berkurangnya                            and Infrastructure; (10) Reducing Inequality; (11) Sustainable
Kesenjangan; (11) Kota dan Pemukiman yang Berkelanjutan;                              Cities and Settlements; (12) Responsible Consumption
(12) Konsumsi dan Produksi yang Bertanggung Jawab;                                    and Production; (13) Handling Climate Change; (14) Ocean
(13) Penanganan Perubahan Iklim; (14) Ekosistem Lautan;                               Ecosystem; (15) Land Ecosystem; (16) Peace, Justice and
(15) Ekosistem Daratan; (16) Perdamaian, Keadilan dan                                 Strong Institutions; (17) Partnership to Achieve Goals.
Kelembagaan yang Tangguh; (17) Kemitraan untuk Mencapai
Tujuan.




                                                                                                              2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 614
                              Ikhtisar Kinerja                Laporan Manajemen      Profil Perusahaan   Tinjauan Unit Pendukung Bisnis
                              Performance Highlights          Management Report      Company Profile     Overview on Business Supports




  Pilar Pembangunan Sosial
  Social Development Pillar




  Pilar Pembangunan Ekonomi
  Economic Development Pillar




  Pilar Pembangunan
  Lingkungan
  Environmental Development
  Pillar




  Pilar Pembangunan Hukum
  dan Tata Kelola
  Legal and Governance
  Development Pillar




Program TJSL SMBR diharapkan dapat meningkatkan                                   The TJSL SMBR program is expected to improve corporate
corporate image dan memperkuat corporate business.                                image and strengthen corporate business. The TJLS SMBR
program TJLS SMBR juga ditujukan untuk dapat memberikan                           program is also aimed at providing a positive impact on
dampak positif bagi masyarakat dan lingkungan untuk                               society and the environment to achieve the Sustainable
mencapai Tujuan Pembangunan Berkelanjutan.                                        Development Goals.


Informasi     pelaksanaan         program              TJSL   SMBR         yang   Information on the TJSL SMBR program which was
dilaksanakan di sepanjang tahun 2023 adalah sebagai berikut:                      implemented throughout 2023 is as follows:




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            Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
            Management Discussion and Analysis        Good Corporate Governance          Corporate Social and Environmental Responsibility




PELAKSANAAN PROGRAM TJSL SMBR                                             IMPLEMENTATION OF TJSL SMBR PROGRAM


                        PILAR PEMBANGUNAN SOSIAL ∙ SOCIAL DEVELOPMENT PILLAR




                                           19         Januari • January
                                        RENOVASI MUSHOLLA AL-IKHLAS, AIR GADING BATURAJA BARAT /
                                        RENOVATION OF AL-IKHLAS MUSALLA, AIR GADING BATURAJA BARAT
                                        Sebagai bentuk perhatian Semen Baturaja terhadap warga ring 1, melalui program Sosial
                                        Kemasyarakatan menyalurkan bantuan berupa dana kepada Musholla Al-Ikhlas. Dana tersebut
                                        digunakan untuk merenovasi musholla guna memperluas musholla yang saat ini sudah tidak dapat
                                        menampung warga ring 1 yang ingin beribadah dikarenakan populasi di wilayah tersebut semakin
                                        bertambah. Semen Baturaja juga memberikan bantuan berupa semen guna memperlancar
                                        proses renovasi dan perluasan musholla tersebut. Dengan renovasi dan perluasan musholla ini
                                        diharapkan dapat meningkatkan kapasitas dan fasilitas musholla Al-Ikhlas serta Jamaah musholla
                                        bisa beribadah dengan lebih khusuk dan nyaman. / As a form of Semen Baturaja's concern for
                                        the residents of Ring 1, through the Community Social Program, it distributed aid in the form of
                                        funds to the Al-Ikhlas Prayer Room. These funds are used to renovate the prayer room to expand
                                        the prayer room which currently cannot accommodate Ring 1 residents who want to worship
                                        because the population in the area is increasing. Semen Baturaja also provided assistance in the
                                        form of cement to expedite the renovation and expansion process of the prayer room. With the
                                        renovation and expansion of this prayer room, it is hoped that the capacity and facilities of the
                                        Al-Ikhlas prayer room will be increased and the prayer room congregation will be able to worship
                                        more solemnly and comfortably.




                                         05           Maret • March
                                        JALAN SEHAT BERSAMA BUMN DI KABUPATEN OKU /
                                        HEALTHY WALK EVENT WITH SOE IN OKU REGENCY
                                        Kegiatan ini dilaksanakan pada hari Minggu 5 Maret 2023 di Lapangan Ahmad Yani Taman Kota
                                        Baturaja. Kegiatan ini berlangsung dengan sangat meriah serta dibanjiri dengan banyak doorprize
                                        yang menarik peserta jalan sehat sebanyak 3200 peserta. Kegiatan diawali dengan ceremonial
                                        obor yang menandakan bahwa jalan sehat akan dimulai. Acara juga dimeriahkan oleh beberapa
                                        artis lokal. Terdapat bazar yang bertujuan mendukung berkembangnya UMKM lokal dalam
                                        memasarkan produknya. Kegiatan ditutup dengan pengumuman doorprize untuk para peserta.
                                        Melalui kegiatan ini SMBR berharap dapat meningkatkan kesehatan dan minat olahraga bagi
                                        masyarakat di Baturaja. / This event was held on Sunday, March 5, 2023, at Ahmad Yani Field,
                                        Baturaja City Park. This activity took place was lively and was filled with lots of door prizes, and
                                        attracted 3200 participants. The activity begins with a ceremonial torchlight which indicates that
                                        the health walk will begin. The event was also enlivened by several local artists. There is a bazaar
                                        which aims to support the development of local MSMEs in marketing their products. The activity
                                        closed with the announcement of door prizes for the participants. Through this activity, SMBR
                                        hopes to improve health and interest in sports for the people of Baturaja.




                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
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Page 616
                        Ikhtisar Kinerja                  Laporan Manajemen      Profil Perusahaan     Tinjauan Unit Pendukung Bisnis
                        Performance Highlights            Management Report      Company Profile       Overview on Business Supports




                                                  27           Juni • June
                                                 SEMEN BATURAJA SALURKAN BANTUAN SAFARI RAMADHAN UNTUK MASYARAKAT RING 1 /
                                                 SEMEN BATURAJA DISTRIBUTED RAMADHAN SAFARI AID TO RING 1 COMMUNITIES
                                                 Semen Baturaja menyalurkan bantuan program TJSL BUMN di tiga wilayah Ring 1 Operasional
                                                 perusahaan yaitu Baturaja, Palembang, dan Lampung. Total nilai bantuan yang disalurkan adalah
                                                 sebesar Rp. 150 Juta, bantuan tersebut disalurkan berupa santunan anak yatim piatu, pembagian
                                                 paket sembako untuk panti asuhan dan bantuan sarana ibadah untuk masjid. / Semen Baturaja
                                                 distributed aid for the SOE CSR program in three Ring 1 operational areas of the Company, namely
                                                 Baturaja, Palembang and Lampung. The total value of the aid distributed is Rp150 million. Aid was
                                                 distributed in the form of donation for orphans, distribution of basic food packages for orphanages
                                                 and assistance for prayer facilities for mosques.


                                                 Dengan bantuan program TJSL BUMN ini perusahaan senantiasa terus berkomitmen dalam
                                                 membantu masyarakat yang kurang mampu serta ikut membantu sarana ibadah yang ada sebagai
                                                 tempat ibadah sekaligus berkumpul yang baik bagi masyarakat. / With the help of the SOE CSR
                                                 program, the Company continues to be committed to helping underprivileged communities
                                                 and helping existing worship facilities as places of worship and gathering that are good for the
                                                 community.



                          PILAR PEMBANGUNAN EKONOMI ∙ ECONOMIC DEVELOPMENT PILLAR




                                                  23 - 31 Januari • January
                                                 UMKM OKU IKUT SERTA DALAM BAZAR SARINAH DI JAKARTA /
                                                 OKU MSMES PARTICIPATED IN THE SARINAH BAZAAR IN JAKARTA
                                                 Program Belanja Produk UMKM Bazar Sarinah dilaksanakan pada tanggal 23 s/d 31 Januari 2023
                                                 di Jakarta. SMBR bersama SIG mengirimkan UMKM binaan dalam event tersebut. Mitra binaan
                                                 SMBR membawa produknya dari Palembang dan Baturaja untuk diperkenalkan atau dipamerkan
                                                 dalam Bazar Sarinah di Jakarta. SMBR berharap UMKM dapat mempromosikan produknya dan
                                                 meningkatkan penjualan serta pendapatan UMKM daerah dengan mengikutsertakan mereka
                                                 di event nasional. Dalam kegiatan ini juga UMKM bisa melakukan studi banding dengan UMKM
                                                 binaan BUMN lain sehingga memberikan pengaruh positif bagi UMKM tersebut. / The Sarinah
                                                 Bazar MSME Product Shopping Program was held from January 23 to 31, 2023 in Jakarta. SMBR,
                                                 in collaboration with SIG, sent assisted MSMEs to the event. SMBR's fostered partners bring their
                                                 products from Palembang and Baturaja to be introduced or exhibited at the Sarinah Bazaar in
                                                 Jakarta. SMBR hopes that MSMEs can promote their products and increase sales and income of
                                                 regional MSMEs by involving them in national events. In this activity, MSMEs can also carry out
                                                 comparative studies with MSMEs assisted by other BUMNs so as to have a positive influence on
                                                 these MSMEs.




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Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
Management Discussion and Analysis        Good Corporate Governance          Corporate Social and Environmental Responsibility




                             05          Juli • July
                            ECONOMIC & EDUCATION BEE FARM
                            Rumah BUMN Baturaja bersama PT Semen Baturaja Tbk (SMBR) selaku anak usaha PT Semen
                            Indonesia (Persero) Tbk (SIG) memberikan pelatihan bertajuk Economic & Education Bee
                            Farm kepada masyarakat di sekitar perusahaan. Bekerjasama dengan Badan Usaha Milik Desa
                            (Bumdes), pelatihan dilaksanakan pada tanggal 5 Juli 2023 di Hutan Desa Laya Baturaja. / Rumah
                            BUMN Baturaja, in collaboration with PT Semen Baturaja Tbk (SMBR) as a subsidiary of PT Semen
                            Indonesia (Persero) Tbk (SIG), provided training entitled Economic & Education Bee Farm to the
                            community around the company. In collaboration with Village-Owned Enterprises (Bumdes),
                            training was held on July 5, 2023 in the Laya Baturaja Village Forest.


                            Lebah yang diternak yaitu lebah trigona tanpa sengat yang berukuran kecil dan dapat
                            menghasilkan madu dengan rasa yang cukup unik. Karena budidaya ini dirasa cukup mudah dan
                            mampu meningkatkan produktivitas serta membawa keuntungan. Madu lebah Trigona sendiri
                            merupakan bahan utama di balik suplemen konsumsi kesehatan masyarakat seperti propolis dan
                            bee polen yang sudah banyak orang ketahui dan rasakan manfaatnya. / The bees that are bred are
                            trigona stingless bees which are small in size and can produce honey with a quite unique taste.
                            Because this cultivation is considered quite easy and can increase productivity and bring profits.
                            Trigona bee honey itself is the main ingredient behind public health consumption supplements
                            such as propolis and bee pollen which many people already know and feel the benefits of.


                            Pelatihan Budidaya Lebah Trigona sp dimaksudkan untuk meningkatkan pengetahuan, dan
                            keterampilan masyarakat. SMBR berharap bisa memberikan inspirasi bagi masyarakat agar
                            bisa membuka lahan bisnis baru atau lapangan kerja baru serta meningkatkan perekonomian
                            masyarakat ring 1 Perusahaan. / Trigona sp Bee Cultivation Training is intended to increase
                            community knowledge and skills. SMBR hopes to provide inspiration for the community so that
                            they can open new business areas or new employment opportunities and improve the economy of
                            the Ring 1 Company community.




                             28          November • November
                            BANTUAN UNTUK PEMDA OKU KELOMPOK BUDIDAYA IKAN DI KABUPATEN OKU /
                            ASSISTANCE TO OKU LOCAL GOVERNMENT FISH CULTIVATION GROUP IN OKU DISTRICT
                            Semen Baturaja (SMBR) menunjukkan komitmennya peduli kepada masyarakat dan lingkungan
                            dengan memberikan bantuan kepada Masyarakat Pembudidaya ikan di Desa Marta Jaya
                            Kecamatan Lubuk Raja Kabupaten Ogan Komering Ulu dengan total bantuan sebesar Rp
                            150.000.000,- (Seratus Lima Puluh Juta Rupiah). Bantuan ini direncanakan akan dimanfaatkan
                            untuk pembelian bibit ikan, pakan ikan berupa maggot dan cacing sutra, dan pembuatn sumur bor
                            sebagai sumber air di lokasi budidaya. / Semen Baturaja (SMBR) shows its commitment to caring
                            for the community and the environment by providing assistance to the fish farming community
                            in Marta Jaya Village, Lubuk Raja District, Ogan Komering Ulu Regency with total assistance of
                            Rp150,000,000 (One Hundred and Fifty Million Rupiah). This assistance is planned to be used to
                            purchase fish seeds, fish food in the form of maggots and silk worms, and construct drilled wells
                            as a water source at cultivation locations.


                            Melalui kegiatan ini diharapkan dapat meningkatkan ekonomi bagi masyarakat dan menjaga
                            hubungan baik perusahaan dengan masyarakat. / Through this activity, it is hoped that it can
                            improve the economy for the community and maintain good relations between the Company and
                            the community.




                                                                                 2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                 615
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                        Ikhtisar Kinerja                  Laporan Manajemen       Profil Perusahaan    Tinjauan Unit Pendukung Bisnis
                        Performance Highlights            Management Report       Company Profile      Overview on Business Supports




                   PILAR PEMBANGUNAN LINGKUNGAN ∙ ENVIRONMENTAL DEVELOPMENT PILLAR




                                                  21           Juli • July
                                                 SMBR ECO CAFÉ “NGOPI BAYAR PAKAI SAMPAH” /
                                                 SMBR ECO CAFÉ “DRINK COFFEE AND PAY WITH GARBAGE”
                                                 Rumah BUMN Baturaja bersama PT Semen Baturaja Tbk (SMBR) selaku anak usaha PT Semen
                                                 Indonesia (Persero) Tbk (SIG) meresmikan Program TJSL SMBR Eco Café “Ngopi Bayar Pakai
                                                 Sampah” pada hari Jumat 21 Juli 2023 di Café Ngupi Ku-day Baturaja. / Rumah BUMN Baturaja
                                                 together with PT Semen Baturaja Tbk (SMBR) as a subsidiary of PT Semen Indonesia (Persero) Tbk
                                                 (SIG) inaugurated the SMBR Eco Café TJSL Program "Drink Coffee and Pay with Garbage" on Friday
                                                 July 21, 2023 at Café Ngupi Ku-day Baturaja.


                                                 Program ini dilaksanakan dalam rangka mendukung pengelolaan sampah di Kota Baturaja.
                                                 Masyarakat Baturaja bisa datang ke Café dengan membawa sampah yang sesuai dengan
                                                 ketentuan. Sampah tersebut dapat ditukarkan menjadi voucher kopi dan bisa digunakan sebagai
                                                 alat pembayaran kopi maupun sajian lainnya di Café Ngupi Ku-day. / This program is implemented
                                                 to support waste management in Baturaja City. Baturaja residents can come to the Café by
                                                 bringing rubbish that complies with the regulations. This waste can be exchanged for coffee
                                                 vouchers and can be used as a means of payment for coffee or other dishes at Café Ngupi Ku-day.


                                                 Program ini merupakan wujud kepedulian dan pengembangan usaha dari UMK binaan Rumah
                                                 BUMN Baturaja yaitu Ngupi Ku-day yang merupakan mitra UMK yang sudah mulai mandiri untuk
                                                 dikembangkan kembali dengan mengangkat brand ECO Café atau kedai ramah lingkungan
                                                 sekaligus menggabungkan budaya ngopi dengan aksi pelestarian lingkungan. / This program
                                                 is a form of concern and business development from the MSEs under the guidance of Rumah
                                                 BUMN Baturaja, namely Ngupi Ku-day, which is a partner of MSEs that have started to become
                                                 independent to be developed again by promoting the ECO Café brand or environmentally friendly
                                                 shop while combining coffee culture with environmental conservation actions.




                                                  14           November • November
                                                 BANTUAN UNTUK PEMERINTAH KABUPATEN OKU 3 UNIT CONTAINER SAMPAH ARM ROLL DAN
                                                 15 UNIT KOTAK SAMPAH 2 IN 1 50 LITER / ASSISTANCE FOR OKU REGENCY GOVERNMENT 3
                                                 UNITS OF ARM ROLL GARBAGE CONTAINERS AND 15 UNITS OF 2 IN 1 50 LITER TRASH BOXES
                                                 Sebagai bentuk kepedulian terhadap lingkungan PT Semen Baturaja Tbk menyerahkan 3 Unit
                                                 Container Sampah dan 15 Unit Kotak Sampah 2 in 1 dengan kapasitas 50 Liter. Bantuan ini diberikan
                                                 sebagai bentuk kepedulian terhadap lingkungan khususnya Kabupaten OKU dengan total nilai
                                                 bantuan sebesar Rp150.000.000,- (Seratus Lima Puluh Juta Rupiah) dan pemberian bantuan ini
                                                 sejalan dengan program Tanggung Jawab Sosial dan Lingkungan (TJSL) BUMN. / As a form of
                                                 concern for the environment, PT Semen Baturaja Tbk handed over 3 units of waste containers
                                                 and 15 units of 2 in 1 waste boxes with a capacity of 50 liters. This assistance is provided as a
                                                 form of concern for the environment, especially OKU Regency with a total assistance value of
                                                 Rp150,000,000 (One Hundred and Fifty Million Rupiah) and the provision of this assistance is in line
                                                 with the SOE Social and Environmental Responsibility (TJSL) program.


                                                 Melalui kegiatan ini diharapkan dapat meningkatkan kepedulian dan angka Kesehatan masyarakat
                                                 atas kebersihan lingkungan sekitarnya. / This activity is expected to increase public health
                                                 awareness and figures regarding the cleanliness of the surrounding environment




616   PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 619
Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan yang Baik   Tanggung Jawab Sosial dan Lingkungan
Management Discussion and Analysis   Good Corporate Governance          Corporate Social and Environmental Responsibility




                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                            617
Page 620
                             Ikhtisar Kinerja             Laporan Manajemen       Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                             Performance Highlights       Management Report       Company Profile           Overview on Business Supports




Informasi lebih lanjut mengenai program Tanggung Jawab                        Further information regarding the Company's Social and
Sosial dan Lingkungan (TJSL) Perusahaan di tahun 2023,                        Environmental Responsibility (TJSL) program in 2023
secara komprehensif telah diungkapkan di dalam Laporan                        has been comprehensively disclosed in the 2023 Fiscal
Keberlanjutan Tahun Buku 2023 yang disajikan secara                           Year Sustainability Report which is presented separately.
terpisah. Namun secara sekilas disajikan di dalam bab                         However, it is briefly presented in this Environmental Social
Tanggung Jawab Sosial Lingkungan ini, dan menjadi bagian                      Responsibility chapter, and is an inseparable part of this
yang tidak terpisahkan dari Laporan Tahunan ini. Hal ini                      Annual Report. This is in accordance with the Financial
sesuai sebagaimana dalam Surat Edaran Otoritas Jasa                           Services Authority Circular Letter no. 16/SEOJK.04/2021,
Keuangan No. 16/SEOJK.04/2021, yang mencakup poin-poin                        which includes the following points:
sebagai berikut:
•   Penjelasan Strategi Keberlanjutan;                                        •   Explanation of Sustainability Strategy;
•   Ikhtisar Aspek Kinerja Keberlanjutan (Ekonomi, Sosial dan                 •   Overview            of   Sustainability           Performance   Aspects
    Lingkungan Hidup);                                                            (Economic, Social, and Environmental);
•   Profil Singkat Emiten atau Perusahaan Publik;                             •   Brief Profile of the Issuer or Public Company;
•   Penjelasan Direksi;                                                       •   Explanation from the Board of Directors;
•   Tata Kelola Keberlanjutan;                                                •   Sustainability Governance;
•   Kinerja Keberlanjutan;                                                    •   Sustainability Performance;
•   Verifikasi Tertulis dari Pihak Independen;                                •   Written Verification from an Independent Party;
•   Lembar Umpan Balik (feedback) untuk Pembaca; dan                          •   Feedback Sheet for Readers; And
•   Tanggapan Perusahaan terhadap Umpan Balik Laporan                         •   Company Response to Previous Year Report Feedback.
    Tahun Sebelumnya.




618        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 621
Surat Pernyataan Dewan Komisaris dan
Direksi Tentang Tanggung Jawab atas
Laporan Tahunan 2023 PT Semen Baturaja Tbk
Board of Commissioners and Board of Directors Statement of
Accountability for 2023 Annual Report of PT Semen Baturaja Tbk
Kami yang bertanda tangan di bawah ini menyatakan                  We,        the   signatories,       hereby         stated          that   all
bahwa semua informasi dalam Laporan Tahunan 2023                   information contained in the 2023 Annual Report of
PT Semen Baturaja Tbk telah dimuat secara lengkap dan              PT Semen Baturaja Tbk has been comprehensively presented
kami bertanggung jawab penuh atas kebenaran isi Laporan            and that we are fully accountable for the accuracy of the
Tahunan PT Semen Baturaja Tbk. Demikian pernyataan ini             content of PT Semen Baturaja Tbk Annual Report. This
dibuat dengan sebenarnya.                                          Statement is made truthfully.


Jakarta, 29 April 2024                                             Jakarta, April 29, 2024




                                                       DEWAN KOMISARIS
                                                    BOARD OF COMMISSIONERS




                                                       ALEX ISKANDAR MUNAF
                                                    Komisaris Utama/ Independen
                                                 President/ Independent Commissioner




            HADI DARYANTO                               INOSENTIUS SAMSUL                            CHOWADJA SANOVA
               Komisaris                                     Komisaris                              Komisaris Independen
             Commissioner                                  Commissioner                           Independent Commissioner




                                                           DIREKSI
                                                      BOARD OF DIRECTORS




                                                         SUHERMAN YAHYA
                                                          Direktur Utama
                                                         President Director




                     MUHAMMAD SYAFITRI                                                        RAHMAT HIDAYAT
                   Direktur (Fungsi Operasi)                                        Direktur (Fungsi Keuangan dan SDM)
                 Director (Operation Function)                                       Director (Finance and HR Function)




                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
Page 622
Halaman ini sengaja dikosongkan
This page is intentionally left blank
Page 623
                        Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik      Tanggung Jawab Sosial dan Lingkungan
                        Management Discussion and Analysis            Good Corporate Governance             Corporate Social and Environmental Responsibility




Referensi SEOJK No. 16/SEOJK.04/2021:
Tentang Bentuk dan Isi Laporan Tahunan
Emiten atau Perusahaan Publik
SEOJK No. 16/SEOJK.04/2021: Reference On Form
and Contents of Annual Report of Issuers or Public
Companies

                                                                                                                                                                HALAMAN /
                                                             KETERANGAN / DESCRIPTION
                                                                                                                                                                  PAGE
                                                              I. KETENTUAN UMUM / GENERAL PROVISIONS
1.   Laporan Tahunan Emiten atau Perusahaan Publik merupakan 1.                  Annual Report of Issuers or Public Companies is the source or
     sumber informasi penting bagi investor atau pemegang saham                  important information for investors or shareholders as the basis
     sebagai salah satu dasar pertimbangan dalam pengambilan                     for consideration to make decision regarding investment, as
     keputusan investasi dan sarana pengawasan terhadap Emiten                   well as the supervision medium on Issuers or Public Companies.
     atau Perusahaan Publik.
2.   Seiring dengan perkembangan Pasar Modal dan meningkatnya 2.                 In line with the development of Capital Market and the rising
     kebutuhan investor atau pemegang saham atas keterbukaan                     needs of investors or shareholders for information disclosure,
     informasi, Direksi dan Dewan Komisaris dituntut untuk                       the Board of Directors and Board of Commissioners are required
     meningkatkan kualitas keterbukaan informasi melalui Laporan                 to improve the quality of information disclosure through the
     Tahunan Emiten atau Perusahaan Publik.                                      Annual Report of Issuers or Public Companies.
3.   Laporan Tahunan yang disusun secara teratur dan informatif 3.               Annual Report that is prepared methodically and is informative
     dapat memberikan kemudahan bagi investor atau pemegang                      may facilitate the investors or shareholders to obtain the
     saham dalam memperoleh informasi yang dibutuhkan.                           required information.
4.   Surat Edaran Otoritas Jasa Keuangan ini merupakan pedoman 4.                This Circular Letter of Financial Services Authority is a
     bagi Emiten atau Perusahaan Publik yang wajib diterapkan                    guideline for Issuers or Public Companies that must be applied
     dalam menyusun Laporan Tahunan.                                             in preparing the Annual Report.
                                                   II. BENTUK LAPORAN TAHUNAN / FORM OF ANNUAL REPORT
1.   Laporan Tahunan disajikan dalam bentuk dokumen cetak dan 1.                 The Annual Report is presented in the form of printed
     salinan dokumen elektronik.                                                 documents and copies of electronic documents.
2.   Laporan Tahunan yang disajikan dalam bentuk dokumen cetak, 2.               The Annual Report presented in the form of printed documents,
     dicetak pada kertas yang berwarna terang, berkualitas baik,                 is printed on light-colored A4-sized paper of good quality, is
     berukuran A4, dijilid, dan dapat diperbanyak dengan kualitas                bound, and can be reproduced in good quality.
     yang baik.
3.   Laporan Tahunan yang disajikan dalam bentuk salinan dokumen 3.              The Annual Report presented in the form of a copy of electronic
     elektronik merupakan Laporan Tahunan yang dikonversi dalam                  document is the Annual Report that is converted into PDF
     format PDF.                                                                 format.




                                                                                                                 2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                      621
Page 624
                                Ikhtisar Kinerja                Laporan Manajemen               Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                                Performance Highlights          Management Report               Company Profile         Overview on Business Supports




                                                                                                                                                         HALAMAN /
                                                           KETERANGAN / DESCRIPTION
                                                                                                                                                           PAGE
                                                         III. ISI LAPORAN TAHUNAN / ANNUAL REPORT CONTENT
1.   Ketentuan Umum                                             1.                  General Provisions
     a. Laporan Tahunan paling sedikit memuat informasi                             a. Annual report at least contains information about:
         mengenai:
         1) ikhtisar data keuangan penting;                                               1)  an overview of key financial data;
         2) informasi saham (jika ada);                                                   2)  stock information (if any);
         3) laporan Direksi;                                                              3)  report of the Board of Directors;
         4) laporan Dewan Komisaris;                                                      4)  report of the Board of Commissioners;
         5) profil Emiten atau Perusahaan Publik;                                         5)  the profile of Issuers or Public Companies;
         6) analisis dan pembahasan manajemen;                                            6)  management discussion and analysis;
         7) tata kelola Emiten atau Perusahaan Publik;                                    7)  the profile of Issuers or Public Companies;
         8) tanggung jawab sosial dan lingkungan Emiten atau                              8)  social and environmental responsibilities of the
             Perusahaan Publik;                                                               Issuers or Public Companies;
         9) laporan keuangan tahunan yang telah diaudit; dan                              9) the audited annual financial statements; and
         10) surat pernyataan anggota Direksi dan anggota Dewan                           10) statements of members of the Board of Directors and
             Komisaris tentang tanggung jawab atas Laporan                                    the Board of Commissioners about responsibility for
             Tahunan;                                                                         the Annual Report;

     b.    Laporan Tahunan dapat menyajikan informasi berupa                        b.    The Annual Report can present information in the form of
           gambar, grafik, tabel, dan/atau diagram dengan                                 pictures, charts, tables, and/or diagrams by stating clear
           mencantumkan judul dan/atau keterangan yang jelas,                             titles and/or descriptions so as to be easy to read and
           sehingga mudah dibaca dan dipahami;                                            understand;
2.   Uraian Isi Laporan Tahunan                                            2.       Contents of Annual Report
a.   Ikhtisar Data Keuangan Penting                                 a.              Key Financial Data Highlights
     Ikhtisar Data Keuangan Penting memuat informasi keuangan                       Key Financial Data Highlights contains financial information
     yang disajikan dalam bentuk perbandingan selama 3 (tiga) tahun                 presented in the form of comparison for 3 (three) financial years
     buku atau sejak memulai usahanya jika Emiten atau Perusahaan                   or since the commencement of business if the Issuers or Public
     Publik tersebut menjalankan kegiatan usahanya kurang dari 3                    Companies run its business activities in less than three (3)
     (tiga) tahun, paling sedikit memuat:                                           years, which at least contains:
     1) pendapatan/penjualan;                                                       1) revenues/sales;
     2) laba bruto;                                                                 2) gross profit;
                                                                                                                                                            22
     3) laba (rugi);                                                                3) profit (loss);
     4) jumlah laba (rugi) yang dapat diatribusikan kepada pemilik                  4) the amount of profit (loss) that can be attributed to
          entitas induk dan kepentingan non pengendali;                                  the owner of the parent entity and the non controlling
     5) total laba (rugi) komprehensif;                                                  interests;
     6) jumlah laba (rugi) komprehensif yang dapat diatribusikan                    5) total comprehensive (loss) profit;
          kepada pemilik entitas induk dan kepentingan non                          6) the amount of comprehensive profit (loss) that can be
          pengendali;                                                                    attributed to the owner of the parent entity and the non
                                                                                         controlling interests;
     7)    laba (rugi) per saham;                                                   7)    profit (loss) per share;
     8)    jumlah aset;                                                             8)    total assets;
     9)    jumlah liabilitas;                                                       9)    total liabilities;
     10)   jumlah ekuitas;                                                          10)   total equity;
     11)   rasio laba (rugi) terhadap jumlah aset;                                  11)   the ratio of profit (loss) to total assets
     12)   rasio laba (rugi) terhadap ekuitas;                                      12)   the ratio of profit (loss) to equity;
                                                                                                                                                           24-26
     13)   rasio laba (rugi) terhadap pendapatan/penjualan;                         13)   the ratio of profit (loss) to revenues/sales;
     14)   rasio lancar;                                                            14)   current ratio;
     15)   rasio liabilitas terhadap ekuitas;                                       15)   liability to equity ratio;
     16)   rasio liabilitas terhadap jumlah aset; dan                               16)   liability to total assets ratio; and
     17)   informasi dan rasio keuangan lainnya yang relevan dengan                 17)   information and other financial ratios that are relevant to
           Emiten atau Perusahaan Publik dan jenis industrinya;                           the Issuers or Public Companies and the type of industry;




622           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 625
                          Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik         Tanggung Jawab Sosial dan Lingkungan
                          Management Discussion and Analysis            Good Corporate Governance                Corporate Social and Environmental Responsibility




                                                               KETERANGAN / DESCRIPTION
                                                                                                                                                                     HALAMAN /
                                                                                                                                                                       PAGE
                                                                                                                                                                                   S
b.   Informasi Saham                                                   b.          Share Information
     Informasi Saham (jika ada) paling sedikit memuat:                             Share information (if any) at least contains:
     1) saham yang telah diterbitkan untuk setiap masa triwulan                    1) shares that have been issued for each quarterly period
          (jika ada) yang disajikan dalam bentuk perbandingan                          (if any) presented in the form of comparison for the last 2
          selama 2 (dua) tahun buku terakhir, paling sedikit meliputi:                 (two) financial years, which at least includes:
          a) jumlah saham yang beredar;
          b) kapitalisasi pasar berdasarkan harga pada Bursa Efek                         a)    the number of outstanding shares;
               tempat saham dicatatkan;                                                   b)    market capitalization based on prices on the Stock
          c) harga saham tertinggi, terendah, dan penutupan                                     Exchange where the shares are listed;
               berdasarkan harga pada Bursa Efek tempat saham                             c)    the highest, lowest, and closing share prices on the
               dicatatkan; dan                                                                  Stock Exchange where the shares are listed; and                        28-30
          d) volume perdagangan pada Bursa Efek tempat saham                              d)    trading volume on the Stock Exchange where the
               dicatatkan;                                                                      shares are listed;

          Informasi pada huruf a) diungkap oleh Emiten yang                               Information in letter a) is disclosed by the Issuer that is a
          merupakan Perusahaan Terbuka yang sahamnya tercatat                             Public Company whose shares are listed and not listed on
          maupun tidak tercatat di Bursa Efek;                                            Stock Exchange;

          Informasi pada huruf b), c), dan huruf d) hanya diungkapkan                     Information in letters b), c) and d) is disclosed only if the
          jika Emiten merupakan Perusahaan Terbuka dan sahamnya                           Issuer is a Public Company whose shares are listed on
          tercatat di Bursa Efek;                                                         Stock Exchange;
     2)   Dalam hal terjadi aksi korporasi, seperti pemecahan saham                2)     In case of corporate actions, such as stock split, reverse
          (stock split), penggabungan saham (reverse stock), dividen                      stock, stock dividends, bonus shares, and changes in the
          saham, saham bonus, dan perubahan nilai nominal saham,                          nominal value of the shares, stock information as outlined
          informasi saham sebagaimana dimaksud pada angka 1)                              in Figure 1) shall be added with an explanation that at least
          ditambahkan penjelasan paling sedikit mengenai:                                 cover:
          a) tanggal pelaksanaan aksi korporasi;                                          a) the date of the execution of corporate actions;
          b) rasio pemecahan saham (stock split), penggabungan                            b) stock split ratio, reverse stock, stock dividends,
                                                                                                                                                                        31
               saham (reverse stock), dividen saham, saham bonus,                              bonus shares, and changes to the nominal value of the
               dan perubahan nilai nominal saham;                                              shares;
          c) jumlah saham beredar sebelum dan sesudah aksi                                c) the number of outstanding shares before and after the
               korporasi;                                                                      corporate actions;
          d) jumlah efek konversi yang dilaksanakan (jika ada); dan                       d) the number of convertible securities (if any); and
          e) harga saham sebelum dan sesudah aksi korporasi;                              e) the number of shares before and after the corporate
                                                                                               actions;
     3)   Dalam hal terjadi penghentian sementara perdagangan                      3)     In the event of temporary suspension of stock trading
          saham (suspension), dan/atau penghapusan pencatatan                             (suspension), and/or delisting of shares in the financial
          saham (delisting) dalam tahun buku, Emiten atau                                 year, Issuers or Public Companies shall explain the reasons
                                                                                                                                                                        31
          Perusahaan Publik menjelaskan alasan penghentian                                of the temporary suspension of stock trading (suspension)
          sementara perdagangan saham (suspension) dan/atau                               and/or share delisting; and
          penghapusan pencatatan saham (delisting) tersebut; dan
     4)   Dalam hal penghentian sementara perdagangan saham                        4)     In the event of temporary suspension of stock trading
          (suspension) dan/atau penghapusan pencatatan saham                              (suspension), and/or delisting of shares in the financial
          (delisting) sebagaimana dimaksud pada angka 3) masih                            year as referred to in number 3) still continues until the
          berlangsung hingga akhir periode Laporan Tahunan,                               end of Annual Report period, Issuers or Public Companies
                                                                                                                                                                        31
          Emiten atau Perusahaan Publik menjelaskan tindakan yang                         shall explain the actions taken to settle the temporary
          dilakukan untuk menyelesaikan penghentian sementara                             suspension of stock trading (suspension) and/or share
          perdagangan saham (suspension) dan/atau penghapusan                             delisting;
          pencatatan saham (delisting) tersebut;
c.   Laporan Direksi                                            c.                 Board of Directors Report
     Laporan Direksi paling sedikit memuat:                                        Report of the Board of Directors at least contains:
     1) uraian singkat mengenai kinerja Emiten atau Perusahaan                     1) a brief description about the performance of the Issuers or
         Publik, paling sedikit meliputi:                                              Public Companies, which at least includes the following:
         a) strategi dan kebijakan strategis Emiten atau                               a) strategy and strategic policy of Issuers or Public
             Perusahaan Publik;                                                             Companies;
         b) peranan Direksi dalam perumusan strategi dan                               b) role of the Board of Directors in formulating strategy
             kebijakan strategis Emiten atau Perusahaan Publik;                             and strategic policy of Issuers or Public Companies;
         c) proses yang dilakukan Direksi untuk memastikan                             c) process carried out by the Board of Directors to
                                                                                                                                                                       65-87
             implementasi strategi Emiten atau Perusahaan                                   ensure the implementation of the strategy and
             Publik;                                                                        strategic policy of Issuers or Public Companies;
                                                                                       d) comparison between the results achieved and the
          d)  perbandingan antara hasil yang dicapai dengan yang                            target; and
              ditargetkan; dan                                                         e) constraints faced by Issuers or Public Companies;
          e) kendala yang dihadapi Emiten atau Perusahaan                          2) description about business prospects;
              Publik;                                                              3) the implementation of governance of Issuers or Public
     2)   gambaran tentang prospek usaha; dan                                          Companies; and
     3)   penerapan tata kelola Emiten atau Perusahaan Publik;




                                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                             623
Page 626
                               Ikhtisar Kinerja             Laporan Manajemen              Profil Perusahaan        Tinjauan Unit Pendukung Bisnis
                               Performance Highlights       Management Report              Company Profile          Overview on Business Supports




                                                                                                                                                     HALAMAN /
                                                        KETERANGAN / DESCRIPTION
                                                                                                                                                       PAGE
d.   Laporan Dewan Komisaris                                    d.              Board of Commissioners Report
     Laporan Dewan Komisaris paling sedikit memuat:                             Report of the Board of Commissioners at least contain:
     1) penilaian terhadap kinerja Direksi mengenai pengelolaan                 1) assessment of the performance of the Board of Directors
         Emiten atau Perusahaan Publik;                                             regarding the management of the Issuers or Public
                                                                                    Companies;
     2)   pengawasan terhadap implementasi strategi Emiten atau                 2) supervision of the implementation of the strategy of the
          Perusahaan Publik;                                                        Issuers or Public Companies;                                       43-55
     3)   pandangan atas prospek usaha Emiten atau Perusahaan                   3) opinion on business outlook of Issuers or Public Companies
          Publik yang disusun oleh Direksi;                                         prepared by the Board of Directors
     4)   pandangan atas penerapan tata kelola Emiten atau                      4) opinion on the implementation of governance of Issuers or
          Perusahaan Publik; dan                                                    Public Companies; and
     5)   frekuensi dan cara pemberian nasihat kepada anggota                   5) the frequency and advice-giving method to members of
          Direksi;                                                                  the Board of Directors;
e.   Profil Emiten atau Perusahaan Publik                        e.             Profile of Issuers or Public Companies
     Profil Emiten atau Perusahaan Publik paling sedikit memuat:                The profile of Issuers or Public Companies at least contains:
     1) nama Emiten atau Perusahaan Publik termasuk apabila                     1) the name of Issuers or Public Companies including when
          terdapat perubahan nama, alasan perubahan, dan tanggal                     there is a name change, the reason for the change, and the
          efektif perubahan nama pada tahun buku;                                    effective date of name changes in the financial year;
     2) akses terhadap Emiten atau Perusahaan Publik termasuk                   2) access to Issuers or public companies including branch
          kantor cabang atau kantor perwakilan yang memungkinkan                     office or representative office which allows the public to
                                                                                                                                                       90-91
          masyarakat dapat memperoleh informasi mengenai                             obtain information regarding Issuers or Public Companies,
          Emiten atau Perusahaan Publik, meliputi:                                   including:
          a) alamat;                                                                 a) address;
          b) nomor telepon;                                                          b) phone number;
          c) nomor faksimile;                                                        c) fax number;
          d) alamat surat elektronik; dan                                            d) electronic mail address; and
          e) alamat Situs Web;                                                       e) Website address;
     3)   riwayat singkat Emiten atau Perusahaan Publik;                        3)   brief history of Issuers of Public Companies;                     92-97
     4)   visi dan misi Emiten atau Perusahaan Publik;                          4)   vision and mission of Issuers or Public Companies;                 108
     5)   kegiatan usaha menurut anggaran dasar terakhir, kegiatan              5)   business activities according to the latest articles of
          usaha yang dijalankan pada tahun buku, serta jenis barang                  association, business activities implemented in the fiscal        98-105
          dan/atau jasa yang dihasilkan;                                             year, as well as the type of goods and/or services produced;
     6)   wilayah operasional Emiten atau Perusahaan Publik;                    6)   operational areas of Issuers or Public Companies;
          Wilayah operasional merupakan wilayah atau daerah                          Operational areas refer to areas or locations where
                                                                                                                                                        108
          pelaksanaan kegiatan operasional atau jangkauan dari                       operational activities are conducted or the reach of the
          kegiatan operasional perusahaan;                                           company’s operational activities territory;
     7)   struktur organisasi Emiten atau Perusahaan Publik dalam               7)   the organizational structure of the Issuers or Public
          bentuk bagan, paling sedikit sampai dengan struktur 1                      Companies in the form of charts, at least up to the structure
                                                                                                                                                       112-117
          (satu) tingkat di bawah Direksi, disertai dengan nama dan                  of a 1 (one) level below the Board of Directors, accompanied
          jabatan;                                                                   by the name and job title;
     8)   daftar keanggotaan asosiasi industri baik dalam skala                 8)   list of industrial association memberships in both national
          nasional maupun internasional yang berkaitan dengan                        and international level related to the implementation of            111
          penerapan keuangan berkelanjutan;                                          sustainable financing;
     9)   profil Direksi, paling sedikit memuat:                                9)   profile of Board of Directors, at least contains:
          a) nama dan jabatan yang sesuai dengan tugas dan                           a) name and position in accordance with the duties and
               tanggung jawab;                                                            responsibilities;
          b) foto terbaru;                                                           b) latest photos;
          c) usia;                                                                   c) age;
          d) kewarganegaraan;                                                        d) citizenship;
          e) riwayat pendidikan dan/atau sertifikasi;                                e) history of education and/or certifications;
          f) riwayat jabatan, meliputi informasi:                                    f) career history, including:
               (1) dasar hukum penunjukan sebagai anggota                                 (1) legal basis for appointment as a member of
                     Direksi pada Emiten atau Perusahaan Publik yang                            the Board of Directors in the Issuers or Public
                     bersangkutan;                                                              Companies concerned;
                                                                                                                                                      124-129
               (2) rangkap jabatan, baik sebagai anggota Direksi,                         (2) the double title, both as a member of the
                     anggota Dewan Komisaris, dan/atau anggota                                  Board of Directors, member of the Board
                     komite serta jabatan lainnya baik di dalam                                 of Commissioners, and/or members of the
                     maupun di luar Emiten atau Perusahaan Publik.                              committee as well as other positions both inside
                     Dalam hal anggota Direksi tidak memiliki                                   or outside of Issuers or Public Companies. If the
                     rangkap jabatan, maka diungapkan mengenai hal                              member of the Board of Directors does not hold
                     tersebut; dan                                                              double positions, the information should be
               (3) pengalaman kerja beserta periode waktunya baik                               disclosed; and
                     di dalam maupun di luar Emiten atau Perusahaan                       (3) work experience and the period of time
                     Publik;                                                                    both inside and outside of Issuers or Public
                                                                                                Companies:




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                      Management Discussion and Analysis            Good Corporate Governance                  Corporate Social and Environmental Responsibility




                                                                                                                                                                   HALAMAN /
                                                           KETERANGAN / DESCRIPTION
                                                                                                                                                                     PAGE
      g)   pendidikan dan/atau pelatihan yang telah diikuti                           g)    education and/or training which have been followed in
           anggota Direksi dalam meningkatkan kompetensi                                    improving the competence of the Board of Directors in                    168-169
           dalam tahun buku (jika ada);                                                     the financial year (if any);
      h)   hubungan Afiliasi dengan anggota Direksi lainnya,                          h)    affiliation with other members of the Board of
           anggota Dewan Komisaris, dan pemegang saham                                      Directors, members of the Board of Commissioners,
           utama, dan pengendali baik langsung maupun tidak                                 the majority and controlling shareholders, be it directly
           langsung sampai kepada pemilik individu, meliputi                                or indirectly, up to the ultimate owner, including the                   124-129
           nama pihak yang terafiliasi. Dalam hal anggota Direksi                           names of the affliated parties. In case members of the
           tidak memiliki hubungan afiliasi, maka Emiten atau                               Board of Directors have no affliation, Issuers or Public
           Perusahaan Publik mengungkapkan hal tersebut; dan                                Companies shall disclose it; and
      i)   perubahan komposisi anggota Direksi dan alasan                             i)    changes in the composition of members of the Board
           perubahannya. Dalam hal tidak terdapat perubahan                                 of Directors and the reasons thereof. If there is no
                                                                                                                                                                      85-86
           komposisi anggota Direksi, maka diungkapkan                                      change in the composition of members of the Board
           mengenai hal tersebut;                                                           of Directors, such information shall be disclosed;
10) profil Dewan Komisaris, paling sedikit memuat:                             10) profile of the Board of Commissioners, at least contains:
    a) nama dan jabatan;                                                           a) name and position;
    b) foto terbaru;                                                               b) latest photos;
    c) usia;                                                                       c) age;
    d) kewarganegaraan;                                                            d) citizenship;
    e) riwayat pendidikan dan/atau sertifikasi;                                    e) history of education and/or certifications;
    f) riwayat jabatan, meliputi informasi:                                        f) career history, including information:
         (1) dasar hukum pengangkatan sebagai anggota                                   (1) legal basis of appointment as a member of Board
              Dewan Komisaris;                                                                of Commissioners;
         (2) dasar hukum pengangkatan pertama kali sebagai                              (2) legal basis for first-time appointment as a
              anggota Dewan Komisaris yang merupakan                                          member of the Board of Commissioners who is
              Komisaris Independen pada Emiten atau                                           not an independent Commissioner in Issuers or
                                                                                                                                                                     118-123
              Perusahaan Publik yang bersangkutan;                                            Public Companies concerned;
         (3) rangkap jabatan, baik sebagai anggota Dewan                                (3) double positions, both as a member of the
              Komisaris, anggota Direksi, dan/atau anggota                                    Board of Directors, member of the Board
              komite serta jabatan lainnya baik di dalam                                      of Commissioners, and/or members of the
              maupun di luar Emiten atau Perusahaan Publik.                                   committee as well as other positions both inside
              Dalam hal anggota Dewan Komisaris tidak                                         or outside of Issuers or Public Companies. If the
              memiliki rangkap jabatan, maka diungapkan                                       member of the Board of Commisioners does not
              mengenai hal tersebut; dan                                                      hold double positions, the information shall be
                                                                                              disclosed; and
           (4) pengalaman kerja beserta periode waktunya baik                           (4) work experience and the period of time
               di dalam maupun di luar Emiten atau Perusahaan                                 both inside and outside of Issuers or Public
               Publik;                                                                        Companies;
      g)   pendidikan dan/atau pelatihan yang telah diikuti                           g)    education and/or training which have been followed
           anggota Dewan Komisaris dalam meningkatkan                                       in improving the competence of the Board of                              169-170
           kompetensi dalam tahun buku (jika ada);                                          Commissioners in the financial year (if any);
      h)   hubungan Afiliasi dengan anggota Dewan Komisaris                           h)    affiliation with other members of the Board of
           lainnya dan pemegang saham utama dan pengendali                                  Commissioners and the majority and controlling
           baik langsung maupun tidak langsung sampai kepada                                shareholders, be it directly or indirectly, up to
           pemilik individu, meliputi nama pihak yang terafiliasi.                          the ultimate owner, including the names of the                           118-123
           Dalam hal anggota Dewan Komisaris tidak memiliki                                 affliated parties. In case members of the Board of
           hubungan afiliasi, maka Emiten atau Perusahaan                                   Commissioners have no affliation, Issuers or Public
           Publik mengungkapkan hal tersebut; dan                                           Companies shall disclose it; and
      i)   pernyataan independensi Komisaris Independen                               i)    statement of the independence of the Independent
           dalam hal Komisaris Independen telah menjabat lebih                              Commissioner in terms of Independent Commissioner                          n/a
           dari 2 (dua) periode (jika ada);                                                 has served for more than 2 periods.
      j)   perubahan komposisi anggota Dewan Komisaris                                j)    changes in the composition of members of the Board
           dan alasan perubahannya. Dalam hal tidak terdapat                                of Commissioners and the reasons thereof. If there
           perubahan komposisi anggota Dewan Komisaris,                                     is no change in the composition of members of the                         61-62
           maka diungkapkan mengenai hal tersebut;                                          Board of Commissioners, such information shall be
                                                                                            disclosed;
11)   dalam hal terdapat perubahan susunan anggota Direksi dan/                 11) in the event of a change in the composition of the members
      atau anggota Dewan Komisaris yang terjadi setelah tahun                       of the Board of Directors and/or members of the Board of
      buku berakhir sampai dengan batas waktu penyampaian                           Commissioners that occurrs after the end of financial year
      Laporan Tahunan, susunan yang dicantumkan dalam                               until the deadline for submission of the Annual Report, the                    61-61, 85-86
      Laporan Tahunan adalah susunan anggota Direksi dan/atau                       composition disclosed in the annual report shall be the
      anggota Dewan Komisaris yang terakhir dan sebelumnya;                         last and previous composition of members of the Board of
                                                                                    Directors and/or the Board of Commissioners;
12) jumlah karyawan menurut jenis kelamin, jabatan, usia,                      12) the number of employees based on gender, position, age,
    tingkat pendidikan, dan status ketenagakerjaan (tetap/                         education level, and employment status (permanent/
                                                                                                                                                                     139-145
    kontrak) dalam tahun buku. Pengungkapan informasi dapat                        temporary) in the fiscal year. The information disclosure
    disajikan dalam bentuk tabel;                                                  may be presented in tables;




                                                                                                                    2023 Annual Report ∙ PT Semen Baturaja Tbk
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                           Performance Highlights       Management Report              Company Profile          Overview on Business Supports




                                                                                                                                                 HALAMAN /
                                                    KETERANGAN / DESCRIPTION
                                                                                                                                                   PAGE
  13) nama pemegang saham dan persentase kepemilikan pada                   13) the name of the shareholders and the percentage of
      akhir tahun buku, yang terdiri dari:                                      ownership at the end of the fiscal year, which consists of:
      a) pemegang saham yang memiliki 5% (lima persen) atau                     a) shareholders who have a 5% (five percent) or more of
           lebih saham Emiten atau Perusahaan Publik;                               the shares of Issuers or Public Companies;
      b) anggota Direksi dan anggota Dewan Komisaris yang                       b) members of the Board of Directors and members of
           memiliki saham Emiten atau Perusahaan Publik.                            Board of Commissioners who have shares of Issuers
           Dalam hal seluruh anggota Direksi dan/atau seluruh                       or Public Companies. In case all members of the Board         174-184
           anggota Dewan Komisaris tidak memiliki saham, maka                       of Directors and/or the Board of Commissioners
           diungkapkan mengenai hal tersebut; dan                                   do not own shares therein, the information shall be
      c) kelompok pemegang saham masyarakat, yaitu                                  disclosed; and
           kelompok pemegang saham yang masing-masing                           c) a group of public shareholders, i.e. the group of
           memiliki kurang dari 5% (lima persen) saham Emiten                       shareholders that each has less than 5% (five percent)
           atau Perusahaan Publik;                                                  of the shares of Issuers or Public Companies;
  14) persentase kepemilikan tidak langsung atas saham                      14) percentage of indirect shares owned by members of the
      Emiten atau Perusahaan Publik oleh anggota Direksi dan                     Board of Directors and Board of Commissioners of Issuers
      anggota Dewan Komisaris pada awal dan akhir tahun                          or Public Companies in the Issuers or Public Companies at
      buku, termasuk informasi mengenai pemegang saham                           the start and end of the fiscal year, including information
      yang terdaftar dalam daftar pemegang saham untuk                           on shareholders listed on the shareholder register for
      kepentingan kepemilikan tidak langsung anggota Direksi                     the interest of indirect share ownership of members of           174-184
      dan anggota Dewan Komisaris;                                               Board of Directors and Board of Commissioners; In case
      Dalam hal seluruh anggota Direksi dan/atau seluruh                         all members of the Board of Directors and/or the Board
      anggota Dewan Komisaris tidak memiliki kepemilikan                         of Commissioners do not own indirest shares therein, the
      tidak langsung atas saham Emiten atau Perusahaan Publik,                   information shall be disclosed; and
      maka diungkapkan mengenai hal tersebut.
  15) jumlah pemegang saham dan persentase kepemilikan per                  15) the number of shareholders and the percentage of share
      akhir tahun buku berdasarkan klasifikasi:                                 ownership per end of financial year by classification:
      a) kepemilikan institusi lokal;                                           a) Ownership of local institutions;
                                                                                                                                                  176-179
      b) kepemilikan institusi asing;                                           b) Ownership of a foreign institution;
      c) kepemilikan individu lokal; dan                                        c) Individual local ownership; and
      d) kepemilikan individu asing;                                            d) Individual foreign ownership;
  16) informasi mengenai pemegang saham utama dan                           16) information regarding the majority and controlling
      pengendali Emiten atau Perusahaan Publik, baik langsung                   shareholders and Issuers or Public Companies, either
                                                                                                                                                  183-184
      maupun tidak langsung, sampai kepada pemilik individu,                    directly or indirectly, up to the individual owners, presented
      yang disajikan dalam bentuk skema atau bagan;                             in the form of a scheme or a chart;
  17) nama entitas anak, perusahaan asosiasi, perusahaan                    17) name of subsidiaries, associated companies, joint venture
      ventura bersama dimana Emiten atau Perusahaan                             in which the Issuers or Public Companies have common
      Publik memiliki pengendalian bersama entitas, beserta                     control with the entity, together with their percentage
      persentase kepemilikan saham, bidang usaha, total                         of share ownership, line of business, total assets, and
                                                                                                                                                  185-186
      aset, dan status operasi Emiten atau Perusahaan Publik                    operating status of Issuers or Public Companies (if any);
      tersebut (jika ada);                                                      For subsidiaries, information about the address of the
      Untuk entitas anak, ditambahkan informasi mengenai                        subsidiaries is added;
      alamat entitas anak tersebut;
  18) kronologi pencatatan saham, jumlah saham, nilai nominal,              18) share-listing chronology, number of shares, nominal value,
      dan harga penawaran dari awal pencatatan hingga akhir                     and the offering price from the beginning of the share
      tahun buku serta nama Bursa Efek dimana saham Emiten                      listing until the end of the fiscal year as well as the name
      atau Perusahaan Publik dicatatkan, termasuk pemecahan                     of the Stock Exchange where the shares of Issuers or
                                                                                                                                                 31, 188-189
      saham (stock split), penggabungan saham (reverse                          Public Companies are listed, including stock split, reverse
      stock), dividen saham, saham bonus, dan perubahan nilai                   stock, dividend shares, bonus shares, and changes in
      nominal saham, pelaksanaan efek konversi, pelaksanaan                     share par value, implementation of securities conversion,
      penambahan dan pengurangan modal (jika ada);                              implementation of capital addition and reduction (if any);
  19) informasi pencatatan efek lainnya selain efek sebagaimana             19) other securities listing chronology other than securities
      dimaksud pada angka 18, yang belum jatuh tempo pada                       as referred to in number 18, which has not matured in the
      tahun buku paling sedikit memuat nama efek, tahun                         fiscal year, at least covering the securities name, year of       190-191
      penerbitan, tingkat suku bunga/imbal hasil, tanggal jatuh                 issuance, interest rate/return, maturity date, offering
      tempo, nilai penawaran, dan peringkat efek (jika ada);                    value, and securities rating (if any);




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                          Management Discussion and Analysis            Good Corporate Governance                Corporate Social and Environmental Responsibility




                                                                                                                                                                     HALAMAN /
                                                               KETERANGAN / DESCRIPTION
                                                                                                                                                                       PAGE
     20) informasi penggunaan jasa akuntan publik (AP) dan kantor                  20) information on the use of services from Public Accountant
         akuntan publik (KAP) beserta jaringan/asosiasi/aliansinya                     (PA) and Public Accounting Firm (PAF) along with its
         meliputi:                                                                     network/associations/alliances, covering:
         a) nama dan alamat;                                                           a) name and address;
         b) periode penugasan;                                                         b) period of service;
         c) informasi jasa audit dan/atau non audit yang diberikan;                    c) information on the audit and/or non-audit services
         d) biaya jasa (fee) audit dan/atau non audit untuk masing-                         provided;
              masing penugasan yang diberikan selama tahun buku;                       d) audit and/or non-audit fee for each service provided in
              dan                                                                           the fiscal year; and                                                        190
         e) dalam hal AP dan KAP beserta jaringan/asosiasi/                            e) if the appointed PA and PAF along with its network/
              aliansinya, yang ditunjuk tidak memberikan jasa                               associations/alliances do not provide any non-audit
              non audit, maka diungkapkan mengenai informasi                                services, the information shall be disclosed; and
              tersebut; dan
                                                                                          Information disclosure on the use of services from Public
          Pengungkapan informasi penggunaan jasa AP dan KAP                               Accountant (PA) and Public Accounting Firm (PAF) along
          beserta jaringan/asosiasi/aliansinya dapat disajikan dalam                      with its network/associations/alliances may be presented
          bentuk tabel.                                                                   in tables.
     21) nama dan alamat lembaga dan/atau profesi penunjang                        21) name and address of institutions and/or professionals
                                                                                                                                                                      190-191
         pasar modal selain AP dan KAP;                                                supporting the capital market other than PA and PAF;
f.   Analisis dan Pembahasan Manajemen                           f.                Management Discussion and Analysis
     Analisis dan pembahasan manajemen memuat analisis dan                         Management discussion and analysis explains analysis and
     pembahasan mengenai laporan keuangan dan informasi                            discussion of the financial statements and other important
     penting lainnya dengan penekanan pada perubahan material                      information with an emphasis on material changes that
     yang terjadi dalam tahun buku, yaitu paling sedikit memuat:                   occurred during the fiscal year, i.e. at least covering:
     1)   tinjauan operasi per segmen operasi sesuai dengan jenis                  1)     operational overview per operating segment according to
          industri Emiten atau Perusahaan Publik, paling sedikit                          the type of industry of Issuers or Public Companies, at least
          mengenai:                                                                       explaining:
          a) produksi, yang meliputi proses, kapasitas, dan                               a) the production, which includes the processes,                            258-270
               perkembangan-nya;                                                               capacity, and its development;
          b) pendapatan/penjualan; dan                                                    b) revenues/sales; and
          c) profitabilitas;                                                              c) profitability;
     2)   kinerja keuangan komprehensif yang mencakup                              2)     comprehensive financial performance that includes a
          perbandingan kinerja keuangan dalam 2 (dua) tahun buku                          comparison of financial performance in the last 2 (two)
          terakhir, penjelasan tentang penyebab adanya perubahan                          financial years, an explanation of the causes of changes
          dan dampak perubahan tersebut, paling sedikit mengenai:                         and the impact of those changes, at least about:
          a) aset lancar, aset tidak lancar, dan total aset;                              a) current assets, non current assets, and total assets;
          b) liabilitas jangka pendek, liabilitas jangka panjang, dan                     b) current liabilities, non current liabilities, and total
                                                                                                                                                                      271-298
               total liabilitas;                                                               liabilities;
          c) ekuitas;                                                                     c) equity;
          d) pendapatan/penjualan, beban, laba (rugi), penghasilan                        d) sales/revenue, expense, profit (loss), other
               komprehensif lain, dan total laba (rugi) komprehensif;                          comprehensive income, and total comprehensive
               dan                                                                             profit (loss);
          e) arus kas;                                                                    e) cash flow;
     3)   kemampuan membayar utang                 dengan        menyajikan        3)     solvency, by presenting the relevant ratio calculation;
                                                                                                                                                                      298-300
          perhitungan rasio yang relevan;
     4)   tingkat kolektibilitas piutang Emiten atau Perusahaan                    4)     receivable collectability rate of Issuers or Public
                                                                                                                                                                      301-303
          Publik dengan menyajikan perhitungan rasio yang relevan;                        Companies by presenting the relevant ratio calculation;
     5)   struktur modal (capital structure) dan kebijakan manajemen               5)     the capital structure and management policy on capital
          atas struktur modal (capital structure) tersebut disertai                       structure are accompanied with the basis of determination                   303-306
          dasar penentuan kebijakan dimaksud;                                             of the policies;




                                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
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                                                                                                                                                     HALAMAN /
                                                      KETERANGAN / DESCRIPTION
                                                                                                                                                       PAGE
  6)    bahasan mengenai ikatan yang material untuk investasi                 6)    Discussion about material commitments for capital goods
        barang modal dengan penjelasan paling sedikit meliputi:                     investment with explanation which at least includes:
        a) tujuan dari ikatan tersebut;                                             a) the purpose of the commitments;
        b) sumber dana yang diharapkan untuk memenuhi ikatan                        b) the expected source of funding to meet the
            tersebut;                                                                    commitments;                                                   306
        c) mata uang yang menjadi denominasi; dan                                   c) the currency for the denomination; and
        d) langkah yang direncanakan Emiten atau Perusahaan                         d) the planned steps of Issuers or Public Companies to
            Publik untuk melindungi risiko dari posisi mata uang                         protect the risk of the position of the foreign currency;
            asing yang terkait;
  7)    bahasan mengenai investasi barang modal yang                          7)    Discussion about capital goods investment which are
        direalisasikan dalam tahun buku terakhir, paling sedikit                    realized in the last financial year, at least include the
        meliputi:                                                                   following:
                                                                                                                                                        307
        a) jenis investasi barang modal;                                            a) type of capital goods investment;
        b) tujuan investasi barang modal; dan                                       b) type of capital goods investment; and
        c) nilai investasi barang modal yang dikeluarkan;                           c) the investment value of the capital goods spent;
  8)    informasi dan fakta material yang terjadi setelah tanggal             8)    Information and material facts that occur after balance
                                                                                                                                                      307-308
        laporan akuntan (jika ada);                                                 sheet date (if any);
  9)    prospek usaha dari Emiten atau Perusahaan Publik                      9)    Business prospects of the Issuers or Public Companies
        dikaitkan dengan kondisi industri, ekonomi secara                           associated with the condition of the industry, the economy
                                                                                                                                                        321
        umum dan pasar internasional disertai data pendukung                        in general and the international market accompanied by
        kuantitatif dari sumber data yang layak dipercaya;                          quantitative supporting data from reliable data sources;
  10) perbandingan antara target/proyeksi pada awal tahun buku                10) A comparison between the target/projections at the
      dengan hasil yang dicapai (realisasi), mengenai:                            beginning of the year and the results achieved (realization),
      a) pendapatan/penjualan;                                                    about:
      b) laba (rugi);                                                             a) revenues/sales;
                                                                                                                                                      309-311
      c) struktur modal (capital structure); atau                                 b) profit (loss);
      d) hal lainnya yang dianggap penting bagi Emiten atau                       c) capital structure; or
          Perusahaan Publik;                                                      d) other matters that are considered important for
                                                                                      Issuers or Public Companies;
  11)   target/proyeksi yang ingin dicapai Emiten atau Perusahaan             11)   Target/projections to be achieved by Issuers or Public
        Publik untuk 1 (satu) tahun mendatang, mengenai:                            Companies for 1 (one) year ahead, about:
        a) pendapatan/penjualan;                                                    a) revenues/sales;
        b) laba (rugi);                                                             b) profit (loss);
                                                                                                                                                      311-312
        c) struktur modal (capital structure);                                      c) capital structure;
        d) kebijakan dividen; atau                                                  d) dividend policy; or
        e) hal lainnya yang dianggap penting bagi Emiten atau                       e) other matters that are considered important for
            Perusahaan Publik;                                                          Issuers or Public Companies;
  12) aspek pemasaran atas barang dan/atau jasa Emiten atau                   12) Aspects of the marketing of goods and/or services of
      Perusahaan Publik, paling sedikit mengenai strategi                         Issuers or Public Companies, at least regarding marketing           323-326
      pemasaran dan pangsa pasar;                                                 strategy and market share;
  13) uraian mengenai dividen selama 2 (dua) tahun buku terakhir              13) Description about dividends in the last 2 (two) years (if any),
      (jika ada), paling sedikit:                                                 at least:
      a) kebijakan dividen, antara lain memuat informasi                          a) dividend policy; i.e. information on the percentage of
            persentase jumlah dividen yang dibagikan terhadap                          total dividends paid to net profit;
            laba bersih;
      b) tanggal pembayaran dividen kas dan/atau tanggal                            b)   cash dividend payment date and/or the date of
            distribusi dividen non kas;                                                  distribution of non cash dividends;
                                                                                                                                                      313-315
      c) jumlah dividen per saham (kas dan/atau non kas); dan                       c)   the amount of the dividend per share (cash and/or non
      d) jumlah dividen per tahun yang dibayar;                                          cash); and
                                                                                    d)   the amount of dividends paid per year;
        Pengungkapan informasi dapat disajikan dalam bentuk
        tabel. Dalam hal Emiten atau Perusahaan Publik tidak                        Information disclosure may be presented in tables. If
        membagikan dividen dalam 2 (dua) tahun terakhir, maka                       Issuers or Public Companies do not pay dividends in the
        diungkapkan mengenai hal tersebut.                                          last 2 (two) years, the information shall be disclosed.
  14) realisasi penggunaan dana hasil Penawaran Umum, dengan                  14) the Realization of the Use of Funds from Public Offering, on
      ketentuan:                                                                  condition that:
      a) dalam hal selama tahun buku, Emiten memiliki                             a) in the event that during the fiscal year, Issuers have
           kewajiban    menyampaikan       laporan    realisasi                        the duty of submitting the report of realization of the
           penggunaan dana, maka diungkapkan realisasi                                 use of the funds, then the realization of fund from
           penggunaan dana hasil Penawaran Umum secara                                 public offering shall be disclosed cumulatively until
                                                                                                                                                      315-316
           kumulatif sampai dengan akhir tahun buku; dan                               the end of the financial year; and
      b) dalam hal terdapat perubahan penggunaan dana                             b) in the event there is a change in use of the funds as
           sebagaimana diatur dalam Peraturan Otoritas Jasa                            set forth in the Regulation of the Financial Services
           Keuangan tentang Laporan Realisasi Penggunaan                               Authority about the Report of the Realization of Use
           Dana Hasil Penawaran Umum, maka Emiten                                      of Fund from Public Offering, then the Issuers shall
           menjelaskan perubahan tersebut;                                             explain the changes.




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                     Management Discussion and Analysis            Good Corporate Governance                Corporate Social and Environmental Responsibility




                                                                                                                                                                HALAMAN /
                                                          KETERANGAN / DESCRIPTION
                                                                                                                                                                  PAGE
15) informasi material (jika ada), antara lain mengenai investasi,            15) material information (if any), i.e. investment, expansion,
    ekspansi, divestasi, penggabungan/ peleburan usaha,                           divestment, merger/consolidation, acquisition, debt/
    akuisisi, restrukturisasi utang/modal, transaksi afiliasi,                    capital restructuring, affiliated transaction, and
    dan transaksi yang mengandung benturan kepentingan,                           transaction containing conflict of interest that occurrs in
    yang terjadi pada tahun buku, antara lain memuat:                             the fiscal year, containing among others:
    a) tanggal, nilai, dan objek transaksi;                                       a) date, value, and object of the transaction;
    b) nama pihak yang melakukan transaksi;                                       b) names of parties to the transaction;
    c) sifat hubungan Afiliasi (jika ada);                                        c) nature of the affiliation (if any);
    d) penjelasan mengenai kewajaran transaksi;                                   d) description on the reasonableness of the transaction;
    e) pemenuhan ketentuan terkait; dan                                           e) fulfillment of the related provisions; and
    f) dalam hal terdapat hubungan afiliasi, selain                               f) If there is an affliation, other than disclosing the
         mengungkapkan informasi sebagaimana dimaksud                                  information in accordance with the letters from (a)
         dalam huruf (a) sampai dengan huruf (e), Emiten atau                          to (e), Issuers or Public Companies shall disclose the
         Perusahaan Publik juga mengungkapkan informasi:                               information below:
         (1) pernyataan Direksi bahwa transaksi afiliasi                               (1) statement from the Board of Directors that
               telah melalui prosedur yang memadai untuk                                    the affiliated transaction has gone through
               memastikan bahwa transaksi afiliasi dilaksanakan                             adequate procedures to ensure that the affiliated
               sesuai dengan praktik bisnis yang berlaku umum                               transaction is carried out in accordance with
               antara lain dilakukan dengan memenuhi prinsip                                generally accepted business practices, among
               transaksi yang wajar (arms-length principle); dan                            others, by complying with the arms-length
         (2) peran Dewan Komisaris dan Komite Audit                                         principle; and
               dalam melakukan prosedur yang memadai                                   (2) the role of the Board of Commissioners and
               untuk memastikan bahwa transaksi afiliasi                                    the Audit Committee in carrying out adequate
               dilaksanakan sesuai dengan praktik bisnis yang                               procedures to ensure that affiliated transactions
               berlaku umum antara lain dilakukan dengan                                    are carried out in accordance with generally
               memenuhi prinsip transaksi yang wajar (arms-                                 accepted business practices, among others, by
               length principle);                                                           complying with the arms-length principle;
                                                                                                                                                                 316-318
         g) untuk transaksi afiliasi atau transaksi material                           g) for affiliated transactions or material transactions
               yang merupakan kegiatan usaha yang dijalankan                                which are business activities carried out in order
               dalam rangka menghasilkan pendapatan usaha                                   to generate revenues and implemented regularly,
               dan dijalankan secara rutin, berulang, dan/atau                              repeatedly, and/or continuously, an explanation
               berkelanjutan, ditambahkan penjelasan bahwa                                  that the affiliated transactions or material
               transaksi afiliasi atau transaksi material tersebut                          transactions are business activities carried
               merupakan kegiatan usaha yang dijalankan                                     out in order to revenues and impelemented
               dalam rangka menghasilkan pendapatan usaha                                   regularly, repeatedly, and/or continuously shall
               dan dijalankan secara rutin, berulang, dan/atau                              be disclosed;
               berkelanjutan;
         dalam hal transaksi afiliasi atau transaksi material                              in the event that such affiliated transactions or
         dimaksud telah diungkapkan dalam laporan keuangan                                 material transactions have been disclosed in the
         tahunan, ditambahkan informasi mengenai rujukan                                   annual financial statements, the information on
         pengungkapan dalam laporan keuangan tahunan                                       reference of disclosure in the annual financial
         tersebut.                                                                         statements shall be disclosed.
    (h) untuk pengungkapan transaksi afiliasi dan/atau
         transaksi benturan kepentingan yang merupakan                         (h) for disclosure of affiliated transactions and/or conflict-of-
         hasil pelaksanaan transaksi afiliasi dan/atau transaksi                   interest transactions resulting from the implementation
         benturan kepentingan yang telah disetujui pemegang                        of affiliated transactions and/or conflict-of-interest
         saham independen, ditambahkan informasi mengenai                          transactions that have been approved by independent
         tanggal pelaksanaan RUPS yang menyetujui transaksi                        shareholders, information on the date of the GMS which
         afiliasi dan/atau transaksi benturan kepentingan                          approves the affiliated transactions and/or conflict of
         tersebut;                                                                 interest transactions shall be disclosed;
    (i) dalam hal tidak terdapat transaksi afiliasi dan/atau
         transaksi benturan kepentingan, maka diungkapkan                     (i)    in case there is no affiliated transactions and/or conflict-
         mengenai hal tersebut;                                                      of-interest transactions, such information shall be
                                                                                     disclosed;
16) perubahan ketentuan peraturan perundang-undangan yang                     16) changes in provisions of laws and regulations that
    berpengaruh signifikan terhadap Emiten atau Perusahaan                        influence significantly to Issuers or Public Companies and
                                                                                                                                                                 328-329
    Publik dan dampaknya terhadap laporan keuangan (jika                          its impact on the financial statements (if any); and
    ada); dan
17) perubahan kebijakan akuntansi, alasan dan dampaknya                       17) accounting policy changes, reasons thereof and its impact
                                                                                                                                                                   329
    terhadap laporan keuangan (jika ada);                                         on the financial statements (if any);




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                                 Performance Highlights       Management Report              Company Profile           Overview on Business Supports




                                                                                                                                                           HALAMAN /
                                                          KETERANGAN / DESCRIPTION
                                                                                                                                                             PAGE
g.   Tata Kelola Emiten atau Perusahaan Publik                           g.       Issuers or Public Companies Governance
     Tata kelola Emiten atau Perusahaan Publik paling sedikit                     Governance of Issuers or Public Companies contains, at the very
     memuat uraian singkat mengenai:                                              least, brief description about:
     1) RUPS, paling sedikit memuat:                                              1) GMS, at least covering:
         a) informasi mengenai keputusan RUPS pada tahun buku                          a) information on GMS resolutions in the fiscal year and 1
             dan 1 (satu) tahun sebelum tahun buku meliputi:                                 (one) year before the fiscal year, which includes:
             (1) keputusan RUPS pada tahun buku dan 1 (satu)                                 (1) GMS resolutions in the fiscal year and 1 (one) year
                  tahun sebelum tahun buku yang direalisasikan                                    before the fiscal year which are realized in the
                  pada tahun buku; dan                                                            fiscal year; and
                                                                                                                                                             366-399
             (2) keputusan RUPS pada tahun buku dan                                          (2) GMS resolutions in the fiscal year and 1 (one) year
                  1 (satu) tahun sebelum tahun buku yang                                          before the fiscal year which are not realized in the
                  belum direalisasikan beserta alasan belum                                       fiscal year;
                  direalisasikan;                                                  b) in the event that Issuers or Public Companies use an
         b) dalam hal Emiten atau Perusahaan Publik                                    independent party in the implementation of the GMS for
             menggunakan pihak independen dalam pelaksanaan                            the purposes of counting votes, such information shall be
             RUPS untuk keperluan perhitungan suara, maka                              disclosed;
             diungkapkan mengenai hal tersebut;
     2)   Direksi, mencakup antara lain:                                          2)   Board of Directors, covering among others:
          a) tugas dan tanggung jawab masing-masing anggota                            a) duties and responsibilities of each member of the
               Direksi;                                                                    Board of Directors; Information on the duties and
               Informasi mengenai tugas dan tanggung jawab                                 responsibilities of each member of Board of Directors
               masing-masing anggota Direksi diuraikan dan dapat                           may be described and presented in a table format.
               disajikan dalam bentuk tabel.                                           b) a statement that the Board of Directors have
          b) pernyataan bahwa Direksi memiliki pedoman atau                                guidelines or Board of Directors charter;
               piagam (charter) Direksi;                                               c) policy and implementation about frequency of
          c) kebijakan dan pelaksanaan tentang frekuensi rapat                             meetings of the Board of Directors, including
               Direksi, termasuk rapat bersama Dewan Komisaris,                            joint meeting of the Board of Commissioners,
               dan tingkat kehadiran anggota Direksi dalam rapat                           and attendance rates of members of the Board of
               tersebut;                                                                   Directors in these meetings;
               Informasi tingkat kehadiran anggota Direksi dalam                           Information on attendance rates of members of the
               rapat Direksi, rapat Direksi bersama Dewan Komisaris,                       Board of Directors in the Board of Directors meetings,
               atau RUPS dapat disajikan dalam bentuk tabel.                               joint meetings with the Board of Commissioners, or
                                                                                           GMS may be presented in a table format.
          d)    pelatihan dan/atau peningkatan kompetensi anggota                      d) trainings and/or competence development for
                Direksi:                                                                   members of the Board of Directors:
                (1) kebijakan pelatihan dan/atau peningkatan                               (1) policy on trainings and/or competence                     418-437, 464-481
                     kompetensi bagi anggota Direksi, termasuk                                  development for members of the Board of
                     program orientasi bagi anggota Direksi yang baru                           Directors, including orientation program for
                     diangkat (jika ada); dan                                                   newly appointed member of the Board of
                (2) pelatihan dan/atau peningkatan kompetensi yang                              Directors in the fiscal year (if any); and
                     diikuti anggota Direksi dalam tahun buku (jika                        (2) trainings and/or competence development
                     ada);                                                                      attended by members of the Board of Directors in
                                                                                                the fiscal year (if any);
          e)    penilaian terhadap kinerja komite yang mendukung                       e) assessment of the performance of committees that
                pelaksanaan tugas Direksi pada tahun buku paling                           support the implementation of duties of the Board of
                sedikit memuat:                                                            Directors in the fiscal year, which at least contains:
                (1) prosedur penilaian kinerja; dan                                        (1) performance assessment procedure; and
                (2) kriteria yang digunakan seperti capaian kinerja                        (2) criteria used, such as performance achievements
                     selama tahun buku, kompetensi dan kehadiran                                in the fiscal year, competence and meeting
                     dalam rapat; dan                                                           attendance rate; and
                3) dalam hal Emiten atau Perusahaan Publik tidak                           (3) if Issuers or Public Companies do not have the
                     memiliki komite yang mendukung pelaksanaan                                 Committees that support the implementation
                     tugas Direksi, maka diungkapkan mengenai hal                               of the duties of the Board of Directors, such
                     tersebut.                                                                  information shall be disclosed.




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                     Management Discussion and Analysis            Good Corporate Governance                Corporate Social and Environmental Responsibility




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                                                          KETERANGAN / DESCRIPTION
                                                                                                                                                                    PAGE
3)   Dewan Komisaris, mencakup antara lain:                                   3)     Board of Commissioners, covering, among others:
     a) tugas dan tanggung jawab Dewan Komisaris;                                    a) duties and responsibilities of the Board of
     b) pernyataan bahwa Dewan Komisaris memiliki                                        Commissioners;
        pedoman atau piagam (charter) Dewan Komisaris;                               b) a statement that the Board of Commissioners has a
     c) kebijakan dan pelaksanaan tentang frekuensi rapat                                Board of Commissioners charter;
        Dewan Komisaris, termasuk rapat bersama Direksi,                             c) policy and implementation on the frequency of
        dan tingkat kehadiran anggota Dewan Komisaris                                    meetings of the Board of Commissioners, including
        dalam rapat tersebut, termasuk kehadiran dalam                                   joint meeting of the Board of Commissioners,
        RUPS;                                                                            and attendance rates of members of the Board of
                                                                                         commissioners in these meetings, including the GMS
          Informasi tingkat kehadiran anggota Dewan Komisaris                            attendance rate;
          dalam rapat Dewan Komisaris, rapat Dewan Komisaris                             Information on the attendance rate of members
          bersama Direksi, atau RUPS dapat disajikan dalam                               of the Board of Commissioners in the Board of
                                                                                                                                                                399-418, 464-481
          bentuk tabel.                                                                  Commissioners meeting, joint meetings with the
     e)   pelatihan dan/atau peningkatan kompetensi anggota                              Board of Directors, or GMS may be presented in a table
          Dewan Komisaris:                                                               format.
          (1) kebijakan pelatihan dan/atau peningkatan                               e) trainings and/or competence developmnet for
               kompetensi bagi anggota Dewan Komisaris,                                  members of the Board of Commissioners:
               termasuk program orientasi bagi anggota Dewan                             (1) policy regarding trainings and/or competence
               Komisaris yang baru diangkat (jika ada); dan                                   development for members of the Board of
          (2) pelatihan dan/atau peningkatan kompetensi yang                                  Commissioners, including orientation program
               diikuti anggota Direksi dalam tahun buku (jika                                 for newly appointed member of the Board of
               ada);                                                                          Commissioners in the fiscal year(if any); and
                                                                                         (2) trainings and/or competence development
                                                                                              attended by members of the Board of
                                                                                              Commissioners in the fiscal year (if any);
     f)   penilaian terhadap kinerja anggota Direksi dan                             f)    assessment of performance of members of Board of
          anggota Dewan Komisaris, paling sedikit meliputi:                                Directors and Board of Commissioners, which at least
                                                                                           covers:
          (1) prosedur pelaksanaan penilaian kinerja;                                      (1) performance          assessment         procedure
          (2) kriteria yang digunakan seperti capaian kinerja                                   implementation;
              selama tahun buku, kompetensi dan kehadiran                                  (2) criteria used, such as performance achievements
              dalam rapat; dan                                                                  in the fiscal year, competence and meeting
          (3) pihak yang melakukan penilaian;                                                   attendance rate; and
                                                                                            (3) party conducting assessment;
     g)   penilaian terhadap kinerja komite yang mendukung                           g)    performance assessment of committees supporting
          pelaksanaan tugas Dewan Komisaris pada tahun buku                                duty implementation of Board of Commissioners,
                                                                                                                                                                   445-454
          meliputi:                                                                        which at least covers:
          (1) prosedur penilaian kinerja; dan                                              (1) performance assessment procedure; and
          (2) kriteria yang digunakan seperti capaian kinerja                              (2) criteria used, such as performance achievements
               selama tahun buku, kompetensi dan kehadiran                                      in the fiscal year, competence and meeting
               dalam rapat;                                                                     attendance rate;
     h)   dalam hal Dewan Komisaris tidak membentuk Komite                           h)    if the Board of Commissioners does not form
          Nominasi dan Remunerasi, dimuat informasi paling                                 Nomination and Remuneration Committee, at least
          sedikit mengenai:                                                                the following information shall be disclosed:
          (1) alasan tidak dibentuknya komite; dan                                         (1) the reason for not forming the committees; and
          (2) prosedur nominasi dan remunerasi yang                                        (2) nomination and remuneration procedures in the
               dilakukan dalam tahun buku;                                                      fiscal year.
4)   Nominasi dan remunerasi Direksi dan Dewan Komisaris,                     4)     Nomination and remuneration of the Board of Directors
     paling sedikit memuat:                                                          and the Board of Commissioners, at least covering
     a) Prosedur nominasi, meliputi uraian singkat mengenai                          a) Nomination procedure, including short description of
          kebijakan dan proses nominasi anggota Direksi dan/                              the nomination policy and process of members of the
          atau anggota Dewan Komisaris; dan                                               Board of Directors and/or members of the Board of
                                                                                          Commissioners; and
     b)   Prosedur dan pelaksanaan remunerasi Direksi dan                            b) Remuneration procedure and implementation of
          Dewan Komisaris, antara lain:                                                   the Board of Directors and Board of Commissioners,
                                                                                          among others:
          (1)   Prosedur penetapan remunerasi Direksi dan                                 (1) Remuneration         determination     procedure
                                                                                                                                                                   454-464
                Dewan Komisaris;                                                               for the Board of Directors and the Board of
                                                                                               Commissioners;
          (2) Struktur remunerasi Direksi dan Dewan                                       (2) Remuneration structure        for the Board of
              Komisaris seperti gaji, tunjangan, tantiem/bonus                                 Directors and the Board of Commissioners, i.e.
              dan lainnya; dan                                                                 salary, allowances, bonuses, etc; and
          (3) Besarnya remunerasi masing-masng anggota                                    (3) Remuneration amount for each member
              Direksi dan anggota Dewan Komisaris;                                             of the Board of Directors and the Board of
                                                                                               Commissioners;
     Pengungkapan informasi dapat disajikan dalam bentuk                             The information disclosure can be presented in a table
     tabel.                                                                          format.




                                                                                                                 2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen              Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report              Company Profile           Overview on Business Supports




                                                                                                                                                     HALAMAN /
                                                       KETERANGAN / DESCRIPTION
                                                                                                                                                       PAGE
  5)   Dewan Pengawas Syariah, bagi Emiten atau Perusahaan                     5)   Sharia Supervisory Board for Issuers or Public Companies
       Publik yang menjalankan kegiatan usaha berdasarkan                           running business activities based on sharia principles
       prinsip syariah sebagaimana tertuang dalam anggaran                          as stated in the articles of association, which at least
       dasar, paling sedikit memuat:                                                contains:
       a) nama;
       b) dasar hukum pengangkatan Dewan Pengawas Syariah;                          a)   name;
       c) periode penugasan Dewan Pengawas Syariah;                                 b)   legal basis of appointment of the Sharia Supervisory
                                                                                                                                                        n/a
       d) tugas dan tanggung jawab Dewan Pengawas Syariah;                               Board;
            dan                                                                     c)   period of service of the Sharia Supervisory Board;
       e) frekuensi dan cara pemberian nasihat dan saran serta                      d)   duties and responsibilities of the Sharia Supervisory
            pengawasan pemenuhan Prinsip Syariah di Pasar                                Board; and
            Modal terhadap Emiten atau Perusahaan Publik;                           e)   frequency and advice-giving method as well as
                                                                                         supervision of the fulfilment of the Sharia principles in
                                                                                         the Capital Market for Issuers and Public Companies;
  6)   Komite Audit, mencakup antara lain:                                     6)   Audit Committee, include among others:
       a) nama dan jabatannya dalam keanggotaan komite;                             a) name and position in the membership of the
       b) usia;                                                                         committee;
       c) kewarganegaraan;                                                          b) age;
       d) riwayat pendidikan;                                                       c) citizenship;
       e) riwayat jabatan, meliputi informasi:                                      d) education history;
          (1) dasar hukum penunjukan sebagai anggota                                e) career history, including:
               komite;                                                                  (1) legal basis of appointment as committee’s
          (2) rangkap jabatan, baik sebagai anggota Dewan                                    members
               Komisaris, anggota Direksi, dan/atau anggota                             (2) concurrent position, either as members of
               komite serta jabatan lainnya (jika ada); dan                                  Board of Commissioners, members of Board of
          (3) pengalaman kerja beserta periode waktunya baik                                 Directors, and/or members of committees and
               di dalam maupun di luar Emiten atau Perusahaan                                other positions (if any); and
               Publik;                                                                  (3) work experience and the tenure, both in and               486-498
       f) periode dan masa jabatan anggota Komite Audit;                                     outside of the Issuers or Public Companies;
                                                                                    f) period and the term of office of members of the Audit
       g)    pernyataan independensi Komite Audit;                                      Committee;
                                                                                    g) statement of the independence of the Audit
       h)    kebijakan dan pelaksanaan tentang frekuensi rapat                          Committee;
             Komite Audit dan tingkat kehadiran anggota Komite                      h) policy and implementation about the frequency of
             Audit dalam rapat tersebut;                                                meetings of the Audit Committee and member of the
       i)    pendidikan dan/atau pelatihan yang telah diikuti                           Audit Committee attendance rates in such meetings;
             dalam tahun buku (jika ada); dan                                       i)  education and/or training which have been attended
       j)    pelaksanaan kegiatan Komite Audit pada tahun buku                          in the financial year;
             sesuai dengan yang dicantumkan dalam pedoman                           j)  the implementation of the activities of the Audit
             atau piagam (charter) Komite Audit;                                        Committee in the financial year according to the
                                                                                        guidelines or charter of Audit Committee.




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                    Management Discussion and Analysis            Good Corporate Governance                 Corporate Social and Environmental Responsibility




                                                                                                                                                                HALAMAN /
                                                         KETERANGAN / DESCRIPTION
                                                                                                                                                                  PAGE
7)   komite atau fungsi nominasi dan remunerasi Emiten atau                  7)     committee or function of Nomination and Remuneration of
     Perusahaan Publik, paling sedikit memuat:                                      Issuers or Public Companies, which at least include:
     a) nama dan jabatannya dalam keanggotaan komite;                               a) name and position in the membership of the
     b) usia;                                                                            committee;
     c) kewarganegaraan;                                                            b) age;
     d) riwayat pendidikan;                                                         c) citizenship;
     e) riwayat jabatan, meliputi informasi:                                        d) education history;
         (1) dasar hukum penunjukan sebagai anggota                                 e) career history, including:
              komite;                                                                    (1) legal basis of appointment as committee’s
         (2) rangkap jabatan, baik sebagai anggota Dewan                                      members;
              Komisaris, anggota Direksi, dan/atau anggota                               (2) double position, either as members of Board of
              komite serta jabatan lainnya (jika ada); dan                                    Commissioners, members of Board of Directors,
         (3) pengalaman kerja beserta periode waktunya baik                                   and/or members of committees and other
              di dalam maupun di luar Emiten atau Perusahaan                                  positions (if any); and
              Publik;                                                                    (3) work experience and the tenure, both inside and
     f) periode dan masa jabatan anggota komite;                                              outside of the Issuers or Public Companies;
                                                                                    f) period and the term of office of members of the
     g) uraian tugas dan tanggung jawab;                                                 committee;
                                                                                                                                                                 498-506
     h) pernyataan bahwa telah memiliki pedoman atau                                g) description of duties and responsibilities;
        piagam (charter) komite;                                                    h) a statement that the committee has already had
     i) pernyataan independensi komite;                                                  committee charter;
     j) kebijakan dan pelaksanaan tentang frekuensi rapat                           i)   statement of independency of the committee;
        komite dan tingkat kehadiran anggota komite dalam                           j)   the policy and implementation of meeting frequency
        rapat tersebut;                                                                  of the committee and attendance rate of members of
     k) pendidikan dan/atau pelatihan yang telah diikuti                                 the committee in the meeting;
        dalam tahun buku (jika ada); dan                                            k) education and/or training attended in the fiscal year (if
     l) uraian singkat pelaksanaan kegiatan komite pada                                  any); and
        tahun buku;                                                                 l)   a brief description of the implementation of the
     m) dalam hal tidak dibentuk komite nominasi dan                                     committee’s activities in the fiscal year.
        remunerasi, Emiten atau Perusahaan Publik cukup                             m) in case Nomination and Remuneration Committee
        mengungkapkan informasi sebagaimana dimaksud                                     is not established, Issuers or Public Companies shall
        dalam huruf g), h), j), dan l) dan mengungkapkan:                                disclose it as reffered to in leters g), h), j), and l) and
        (1) alasan tidak dibentuknya komite; dan                                         disclose:
        (2) pihak yang melaksanakan fungsi nominasi dan                                  (1) the reason for not forming the committee; and
             remunerasi;                                                                 (2) party carrying out the nomination and
                                                                                              remuneration function.




                                                                                                                 2023 Annual Report ∙ PT Semen Baturaja Tbk
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                              Ikhtisar Kinerja             Laporan Manajemen              Profil Perusahaan         Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report              Company Profile           Overview on Business Supports




                                                                                                                                                     HALAMAN /
                                                       KETERANGAN / DESCRIPTION
                                                                                                                                                       PAGE
  8)   komite lain yang dimiliki Emiten atau Perusahaan Publik                 8)   other committees of Issuers or Public Companies that
       dalam rangka mendukung fungsi dan tugas Direksi (jika                        support the implementation of functions and duties of the
       ada) dan/atau komite yang mendukung fungsi dan tugas                         Board of Directors (if any) and/or committees of Issuers
       Dewan Komisaris, paling sedikit memuat:                                      or Public Companies that support the implementation of
                                                                                    functions and duties of the Board of Commissioners, at
                                                                                    least covering:
       a)    nama dan jabatannya dalam keanggotaan komite;                          a) name and position in the membership of the
       b)    usia;                                                                       committee;
       c)    kewarganegaraan;                                                       b) age;
       d)    riwayat pendidikan;                                                    c) citizenship;
       e)    riwayat jabatan, meliputi informasi:                                   d) education history;
             (1) dasar hukum penunjukan sebagai anggota                             e) career history, including:
                  komite;                                                                (1) legal basis of appointment as member of
             (2) rangkap jabatan, baik sebagai anggota Dewan                                 committee;
                  Komisaris, anggota Direksi, dan/atau anggota                           (2) double position, either as members of Board of
                  komite serta jabatan lainnya (jika ada); dan                               Commissioners, members of Board of Directors,
                                                                                             and/or members of committees and other
                                                                                                                                                      507-516,
             (3) pengalaman kerja beserta periode waktunya baik                              positions (if any); and
                  di dalam maupun di luar Emiten atau Perusahaan                         (3) work experience and the tenure, both inside and
                  Publik;                                                                    outside of the Issuers or Public Companies;
       f)    periode dan masa jabatan anggota komite;
                                                                                    f)   period and the term of office of members of the
       g)    pernyataan independensi komite;                                             Committee;
       h)    pelatihan dan/atau peningkatan kompetensi yang                         g)   statement of independency of the committee;
             telah diikuti dalam tahun buku (jika ada); dan                         h)   education and/or training attended in the fiscal year (if
       i)    uraian tugas dan tanggung jawab;                                            any); and
       j)    pernyataan bahwa telah memiliki pedoman atau                           i)   description of duties and responsibilities;
             piagam (charter) komite;                                               j)   statement that the committee has already had
       k)    kebijakan dan pelaksanaan frekuensi rapat komite                            committee charter;
             dan tingkat kehadiran anggota komite dalam rapat                       k)   the policy and implementation of meeting frequency
             tersebut; dan                                                               of the committee and attendance rate of members of
       l)    uraian singkat pelaksanaan kegiatan komite pada                             the committee in the meeting; and
             tahun buku;                                                            l)   a brief description of the implementation of the
                                                                                         committee’s activities in the fiscal year.
  9)   Sekretaris Perusahaan, mencakup antara lain:                            9)   Corporate Secretary, include among others:
       a) nama;                                                                     a) name;
       b) domisili;                                                                 b) domicile;
       c) riwayat jabatan, meliputi informasi:                                      c) career history, including:
       (1) dasar hukum penunjukan sebagai Sekretaris                                (1) legal basis of appointment as Corporate Secretary;
           Perusahaan; dan                                                              and
       (2) pengalaman kerja beserta periode waktunya baik di                        (2) work experience and the tenure, both in and outside of        516-521
           dalam maupun di luar Emiten atau Perusahaan Publik;                          the Issuers or Public Companies;
       d) riwayat pendidikan;                                                       d) education history
       e) pendidikan dan/atau pelatihan yang diikuti dalam                          e) education and/or training which have been attended
           tahun buku; dan                                                              in the financial year; and
       f) uraian singkat pelaksanaan tugas Sekretaris                               f) a brief description of the implementation of the tasks
           Perusahaan pada tahun buku;                                                  of the Corporate Secretary in the financial year;
  10) Unit Audit Internal, mencakup antara lain:                               10) Internal Audit Unit includes among others:
      a) nama kepala Unit Audit Internal;                                          a) the name of the head of Internal Audit Unit;
      b) riwayat jabatan, meliputi informasi:                                      b) career history, including:
           (1) dasar hukum penunjukan sebagai kepala Unit                               (1) legal basis of appointment as the Head of Internal
                Audit Internal; dan                                                          Audit Unit; and
           (2) pengalaman kerja beserta periode waktunya baik                           (2) work experience and the tenure, both in and
                di dalam maupun di luar Emiten atau Perusahaan                               outside of the Issuers or Public Companies;
                Publik;                                                            c) qualification or certification in the internal audit
      c) kualifikasi atau sertifikasi sebagai profesi audit                             profession (if any);
                                                                                                                                                      521-529
           internal (jika ada);                                                    d) education and/or training which have been attended
      d) pendidikan dan/atau pelatihan yang diikuti dalam                               in the financial year; and
           tahun buku;                                                             e) the structure and the position of the Internal Audit
      e) struktur dan kedudukan Unit Audit Internal;                                    Unit;
      f) uraian tugas dan tanggung jawab;                                          f) description of duties and responsibilities;
      g) pernyataan bahwa telah memiliki pedoman atau                              g) a statement that the Internal Audit Unit has guidelines
           piagam (charter) Unit Audit Internal; dan                                    or committee charter; and
      h) uraian singkat pelaksanaan tugas Unit Audit Internal                      h) a brief description of the implementation of the tasks
           pada tahun buku;                                                             of the Internal Audit Unit in the financial year;




634         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
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                      Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik          Tanggung Jawab Sosial dan Lingkungan
                      Management Discussion and Analysis            Good Corporate Governance                 Corporate Social and Environmental Responsibility




                                                                                                                                                                  HALAMAN /
                                                           KETERANGAN / DESCRIPTION
                                                                                                                                                                    PAGE
11)   uraian mengenai sistem pengendalian internal (internal                   11)    the explanation regarding the internal control system
      control) yang diterapkan oleh Emiten atau Perusahaan                            (internal control) applied by the Issuers or Public
      Publik, paling sedikit mengenai:                                                Companies, at least about:
      a) pengendalian keuangan dan operasional, serta                                 a) financial and operational control, as well as
           kepatuhan terhadap peraturan perundang-undangan                                 compliance with other laws and regulations; and
                                                                                                                                                                   532-535
           lainnya; dan                                                               b) review on the effectiveness of internal control
      b) tinjauan atas efektivitas sistem pengendalian internal;                           systems;
      c) pernyataan Direksi dan/atau Dewan Komisaris atas                             c) statement of the Board of Directors and/or the Board
           kecukupan sistem pengendalian internal;                                         of Commissioners on the adequacy of the internal
                                                                                           control system;
12) sistem manajemen risiko yang diterapkan oleh Emiten atau                   12) risk management system applied by the Issuers or Public
    Perusahaan Publik, paling sedikit mengenai:                                    Companies, at least about:
    a) gambaran umum mengenai sistem manajemen risiko                              a) a general overview about the risk management system
         Emiten atau Perusahaan Publik;                                                 of Issuers or Public Companies;
    b) jenis risiko dan cara pengelolaannya; dan                                   b) types of risk and how to manage them; and
                                                                                                                                                                   542-558
    c) tinjauan atas efektivitas sistem manajemen risiko                           c) a general overview about the risk management system
         Emiten atau Perusahaan Publik;                                                 of Issuers or Public Companies;
    d) pernyataan Direksi dan/atau Dewan Komisaris atau                            d) statement of the Board of Directors and/or the Board
         komite audit atas kecukupan sistem manajemen                                   of Commissioners or the audit comittee on the
         risiko;                                                                        adequacy of the risk management system;
13) perkara penting yang dihadapi oleh Emiten atau                             13) legal cases faced by Issuers or Public Companies,
    Perusahaan Publik, entitas anak, anggota Direksi dan                           subsidiaries, members of the Board of Directors and
    anggota Dewan Komisaris (jika ada), antara lain meliputi:                      members of Board of Commissioners (if any), among
    a) pokok perkara/gugatan;                                                      others, include:
                                                                                                                                                                   558-559
    b) status penyelesaian perkara/gugatan; dan                                    a) the subject of case/lawsuit;
    c) pengaruhnya terhadap kondisi Emiten atau                                    b) the status of the settlement of litigation/lawsuit; and
        Perusahaan Publik;                                                         c) its influence on the condition of Issuers or Public
                                                                                        Companies;
14) informasi tentang sanksi administratif yang dikenakan                      14) information about administrative sanctions imposed on
    kepada Emiten atau Perusahaan Publik, anggota Dewan                            the Issuers or Public Companies, member of the Board
    Komisaris dan Direksi, oleh otoritas Pasar Modal dan                           of Commissioners and Board of Directors, by the Capital                           559
    otoritas lainnya pada tahun buku (jika ada);                                   Market authority and other authorities in the financial year
                                                                                   (if any);
15) informasi mengenai kode etik Emiten atau Perusahaan Publik                 15) information about the code of ethics of Issuers or Public
    meliputi:                                                                      Companies include:
    a) pokok-pokok kode etik;                                                      a) points of code of ethics;
    b) bentuk sosialisasi kode etik dan upaya penegakannya;                        b) the form of the dissemination of the code of ethics
         dan                                                                            and efforts to enforce it; and                                             564-573
                                                                                   c) the statement that a code of conduct applies
      c)   pernyataan bahwa kode etik berlaku bagi anggota                              to members of the Board of Directors, Board of
           Direksi, anggota Dewan Komisaris, dan karyawan                               Commissioners, and employees of the Issuers or
           Emiten atau Perusahaan Publik;                                               Public Companies;
16) uraian mengenai kebijakan pemberian kompensasi jangka                      16) description on the policy of the provision of merit-
    panjang berbasis kinerja kepada manajemen dan/atau                             based long-term compensation to management and/
    karyawan yang dimiliki Emiten atau Perusahaan Publik (jika                     or employees of the Issuers or Public Companies (if any),
    ada), antara lain berupa program kepemilikan saham oleh                        among others in the form of management stock ownership
    manajemen (management stock ownership program/MSOP)                            program (MSOP) and/or employee stock ownership
    dan/atau program kepemilikan saham oleh karyawan                               program (ESOP);
    (employee stock ownership program);

      Dalam hal pemberian kompensasi berupa manajemen
      (management stock ownership program/MSOP) dan/atau                              In case the compensation is given in the form of
                                                                                                                                                                   316, 464
      program kepemilikan saham oleh karyawan (employee                               management stock ownership program (MSOP) and/
      stock ownership program), informasi yang diungkapkan                            or employee stock ownership program (ESOP), the
      paling sedikit memuat:                                                          information to be disclosed shall at least covers:
      a) jumlah saham dan/atau opsi;
      b) jangka waktu pelaksanaan;                                                    a)    the number of shares and/or options;
      c) persyaratan karyawan dan/atau manajemen yang                                 b)    period of implementation;
           berhak; dan                                                                c)    the requirements of eligible employees and/or
      d) harga       pelaksanaan atau   penentuan    harga                                  management; and
           pelaksanaan;                                                               d)    the exercise price or the determination of the exercise
                                                                                            price;




                                                                                                                   2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                           635
Page 638
                              Ikhtisar Kinerja             Laporan Manajemen              Profil Perusahaan       Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report              Company Profile         Overview on Business Supports




                                                                                                                                                     HALAMAN /
                                                       KETERANGAN / DESCRIPTION
                                                                                                                                                       PAGE
     17) uraian mengenai sistem pelaporan pelanggaran                          17) the explanation regarding the whistleblowing system in
         (whistleblowing system) di Emiten atau Perusahaan Publik,                 Issuers or Public Companies (if any), among others include:
         antara lain meliputi:
         a) cara penyampaian laporan pelanggaran;                                  a)   how to report a violation;
         b) perlindungan bagi pelapor;                                             b)   protection for reporters;
         c) penanganan pengaduan;                                                  c)   the handling of complaints;
         d) pihak yang mengelola pengaduan; dan                                    d)   those who manage the complaint; and
         e) hasil dari penanganan pengaduan, paling sedikit                        e)   the result of the handling of complaints, at least
                                                                                                                                                      595-602
              meliputi:                                                                 include:
              (1) jumlah pengaduan yang masuk dan diproses                              (1) the number of incoming and processed
                   dalam tahun buku; dan                                                     complaints during the financial year; and
              (2) tindak lanjut pengaduan;                                              (2) follow-up of complaints;

         dalam hal Emiten atau Perusahaan Publik tidak memiliki                    if Issuers or Public Companies do not have a whistleblowing
         sistem pelaporan pelanggaran (whistleblowing system),                     system, the information shall be disclosed.
         maka diungkapkan mengenai hal tersebut.
     18) uraian mengenai kebijakan anti korupsi Emiten atau                    18) description on anti-corruption policy of Issuers or Public
         Perusahaan Publik, paling sedikit memuat:                                 Companies, at least covering:
         a) program dan prosedur yang dilakukan dalam                              a) programs and procedures implemented in handling
              mengatasi praktik korupsi, balas jasa (kickbacks),                       corruptions, kickbacks, frauds, bribery and/or
              fraud, suap dan/atau gratifikasi dalam Emiten atau                       gratification in Issuers or Public Companies; and
              Perusahaan Publik; dan
                                                                                                                                                       576-589
         b) pelatihan/sosialisasi anti korupsi kepada karyawan                     b)   training/dissemination of anti-corruption to the
              Emiten atau Perusahaan Publik;                                            employees of Issuers or Public Companies;

         dalam hal Emiten atau Perusahaan Publik tidak memiliki                    if Issuers or Public Companies do not have an anti-
         kebijakan anti korupsi, maka dijelaskan alasan tidak                      corruption policy, the information shall be disclosed.
         dimilikinya kebijakan dimaksud.
     19) penerapan atas Pedoman Tata Kelola Perusahaan Terbuka                 19) the application of Code of Corporate Governance of Public
         bagi Emiten yang menerbitkan Efek Bersifat Ekuitas atau                   Companies for Issuers who issue Equity Securities or
         Perusahaan Publik, meliputi:                                              Public Companies, including:
         a) pernyataan mengenai rekomendasi yang telah                             a) statement concerning recommendations that have
              dilaksanakan; dan/atau                                                    been implemented; and/or
         b) penjelasan      atas    rekomendasi   yang    belum                    b) explanation of the recommendations not yet                      602-607
              dilaksanakan, disertai alasan dan alternatif                              implemented, including the reason and the
              pelaksanaannya (jika ada);                                                implementation alternative (if any);

         pengungkapan informasi dapat disajikan dalam bentuk                       the information disclosure may be presented in a table
         tabel.                                                                    format.
h.   Tanggung Jawab Sosial dan Lingkungan Emiten atau h.                       Social and Environmental Responsibility of Issuers or Public
     Perusahaan Publik                                                         Companies
     1) informasi yang diungkapkan dalam bagian tanggung jawab                 1) information disclosed in the social and environmental
         sosial dan lingkungan merupakan Laporan Keberlanjutan                     responsibility is a Sustainability Report as referred
         (Sustainability Report) sebagaimana dimaksud dalam                        to the Financial Services Authority Regulation No.
         Peraturan Otoritas Jasa Keuangan No. 51/POJK.03/2017                      51/POJK.03/2017 concerning the Implementation of
         tentang Penerapan Keuangan Berkelanjutan bagi Lembaga                     Sustainable Finance for Financial Services Agency,
         Jasa Keuangan, Emiten, dan Perusahaan Publik, paling                      Issuers, and Public Companies, at least covering:
                                                                                                                                                     Disajikan di
         sedikit memuat:
                                                                                                                                                    dalam Laporan
         a) penjelasan strategi keberlanjutan;                                     a)   description of sustainability strategy
                                                                                                                                                   Keberlanjutan. /
         b) ikhtisar aspek keberlanjutan (ekonomi, sosial, dan                     b)   sustainability aspects highlight (economic, social and
                                                                                                                                                   Presented in the
              lingkungan hidup);                                                        environmental);
                                                                                                                                                    Sustainability
         c) profil singkat emiten atau perusahaan publik;                          c)   short profile of issuers or public companies;
                                                                                                                                                        Report.
         d) penjelasan direksi;                                                    d)   board of directors description;
         e) tata kelola keberlanjutan;                                             e)   sustainable governance;
         f) kinerja keberlanjutan;                                                 f)   sustainable performance;
         g) verifikasi tertulis dari pihak independen, jika ada;                   g)   written verification from an independent party, if any;
         h) lembar umpan balik (feedback) untuk pembaca, jika                      h)   feedback sheet for readers, if any; and
              ada; dan
         i)   tanggapan emiten atau perusahaan publik terhadap                     i)   response of issuers or public companies to the
              umpan balik laporan tahun sebelumnya;                                     feedbacks of the previous year’s report;




636         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 639
                     Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan yang Baik          Tanggung Jawab Sosial dan Lingkungan
                     Management Discussion and Analysis            Good Corporate Governance                 Corporate Social and Environmental Responsibility




                                                                                                                                                                 HALAMAN /
                                                          KETERANGAN / DESCRIPTION
                                                                                                                                                                   PAGE
2)   laporan keberlanjutan sebagaimana dimaksud pada angka                    2)     sustainability report as referred to in no. 1) shall be
     1), harus disusun sesuai pedoman teknis penyusunan                              prepared in accordance with the technical guideline on
     laporan keberlanjutan (sustainability report) bagi emiten                       the preparation of sustainability report for issuers and
     dan perusahaan publik sebagaimana tercantum dalam                               public companies as attached in attachment ii which is
     lampiran ii yang merupakan bagian tidak terpisahkan dari                        an inseparable part of this financial services authority
     surat edaran otoritas jasa keuangan ini;                                        circular letter.
3)   informasi laporan keberlanjutan (sustainability report) pada             3)     information on the sustainability report as stated in no. 1
     angka 1 dapat:                                                                  can:
     a) diungkapkan pada bagian lain yang relevan di luar
          bagian tanggung jawab sosial dan lingkungan, seperti                       a)    be disclosed in other relevant part outside of the
          penjelasan direksi terkait laporan keberlanjutan                                 social and environment part, such as the boar of
          diungkapkan dalam bagian terkait laporan direksi;                                directors statement regarding sustainability report in
          dan/atau                                                                         the part relevant to the board of directors report; and/
     b) merujuk pada bagian lain di luar bagian tanggung jawab                             or
          sosial dan lingkungan dengan tetap mengacu pada                            b)    referring to the part outside the social and
          pedoman teknis penyusunan laporan keberlanjutan                                  environmental responsibility part, by keep referring
          (sustainability report) bagi emiten dan perusahaan                               to the technical guideline for the preperation of
          publik sebagaimana tercantum dalam lampiran ii yang                              sustainability report of issuers and public companies
          merupakan bagian tidak terpisahkan dari surat edaran                             attached in attachment ii which is inseparable from
          otoritas jasa keuangan ini, seperti profil emiten atau                           this financial services authority circular letter, such
          perusahaan publik;                                                               as profile of issuers or public companies;
4)   laporan keberlanjutan (sustainability report) sebagaimana                4)     sustainability report as referred in no. 1 is an inseparable
     dimaksud pada angka 1 merupakan bagian yang tidak                               part of the annual report but it can be presented separately
     terpisahkan dari laporan tahunan namun dapat disajikan                          with the annual report;
     secara terpisah dengan laporan tahunan;
5)   dalam hal laporan keberlanjutan disajikan secara terpisah                5)     in case sustainability report is presented separately
     dengan laporan tahunan, informasi yang diungkapkan                              with the annual report, the information disclosed in the
     dalam laporan keberlanjutan dimaksud harus:                                     sustainability report shall:
     a) memuat seluruh informasi sebagaimana dimaksud                                a) contain information as referred in no 1); and
         pada angka 1); dan
     b) disusun sesuai pedoman teknis penyusunan laporan                             b)    be prepared based on the technical guideline for the
         keberlanjutan (sustainability report) bagi emiten dan                             preparation of sustainability report of issuers and
         perusahaan publik sebagaimana tercantum dalam                                     public companies as attached in attachment ii which
         lampiran ii yang merupakan bagian tidak terpisahkan                               is inseparable from this financial services authority
         dari surat edaran otoritas jasa keuangan ini;                                     circular letter;
6)   dalam hal laporan keberlanjutan disajikan secara terpisah                6)     in case sustainability report is presented separately with
     dengan laporan tahunan, maka dalam bagian tanggung                              the annual report, there shall be a statement explaining
     jawab sosial dan lingkungan memuat informasi bahwa                              that the social and environmental responsibility has been
     informasi mengenai tanggung jawab sosial dan lingkungan                         disclosed in the sustainability report presented separately
     telah diungkapkan dalam laporan keberlanjutan yang                              wth the annual report; and
     disajikan terpisah dari laporan tahunan; dan
7)   penyampaian laporan keberlanjutan (sustainability report)                7)     sustainability report presented separately wth the annual
     yang disajikan secara terpisah dengan laporan tahunan                           report shall be submitted together with the annual report.
     harus disampaikan bersamaan dengan penyampaian
     laporan tahunan.




                                                                                                                  2023 Annual Report ∙ PT Semen Baturaja Tbk
                                                                                                                                                                       637
Page 640
                              Ikhtisar Kinerja             Laporan Manajemen             Profil Perusahaan      Tinjauan Unit Pendukung Bisnis
                              Performance Highlights       Management Report             Company Profile        Overview on Business Supports




                                                                                                                                                 HALAMAN /
                                                       KETERANGAN / DESCRIPTION
                                                                                                                                                   PAGE
i.   Laporan Keuangan Tahunan yang Telah Diaudit                   i.          Audited Annual Financial Statements
     Laporan keuangan tahunan yang dimuat dalam Laporan                        The annual financial statements included in the Annual Report
     Tahunan disusun sesuai dengan Standar Akuntansi Keuangan                  are prepared in accordance with the Indonesian Financial
     di Indonesia dan telah diaudit oleh Akuntan. Laporan keuangan             Accounting Standards and have been audited by Accountants.
     dimaksud memuat pernyataan mengenai pertanggungjawaban                    The financial statements shall include the statements of
     atas laporan keuangan sebagaimana diatur dalam peraturan                  responsibility for financial statements as stipulated in the
     perundang-undangan di sektor Pasar Modal yang mengatur                    laws and regulations of Capital Market which regulate the
     mengenai tanggung jawab Direksi atas laporan keuangan atau                responsibility of Board of Directors for financial statements
     peraturan perundang-undangan di sektor Pasar Modal yang                   or laws and regulations of Capital Market which regulate the
     mengatur mengenai laporan berkala Perusahaan Efek dalam hal               periodic report of Securities Companies if the Issuers are
     Emiten merupakan Perusahaan Efek; dan                                     Securities Companies; and
j.   Surat Pernyataan Anggota Direksi dan Anggota Dewan j.                     Statements of Members of the Board of Directors and the
     Komisaris tentang Tanggung Jawab atas Laporan Tahunan                     Board of Commissioners on the Responsibility for the Annual
     Surat pernyataan anggota Direksi dan anggota Dewan Komisaris              Report
     tentang tanggung jawab atas Laporan Tahunan disusun sesuai                The statements of members of Board of Directors and Board
     dengan format Surat Pernyataan Anggota Direksi dan Anggota                of Commissioners on the responsibility for the Annual Report
     Dewan Komisaris tentang Tanggung Jawab atas Laporan                       are prepared in accordance with the format of Statements
     Tahunan sebagaimana tercantum dalam Lampiran yang                         of Members of the Board of Directors and the Board of
     merupakan bagian tidak terpisahkan dari Surat Edaran Otoritas             Commissioners on the Responsibility for the Annual Report
     Jasa Keuangan ini.                                                        as stipulated in the Attachment that is inseparable from this
                                                                               Circular Letter of Financial Services Authority.




638         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 641
PT Semen Baturaja Tbk
dan Entitas Anak / and Its Subsidiary




Laporan Keuangan Konsolidasian
Consolidated Financial Statements

Untuk Tahun-tahun yang Berakhir
Pada Tanggal 31 Desember 2023 dan 2022
For the Years Ended December 31, 2023 and 2022


Dan Laporan Auditor Independen/
And Independent Auditor’s Report
Page 642
 PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                       PT SEMEN BATURAJA Tbk AND ITS
                                                                              SUBSIDIARY
 DAFTAR ISI                                                                   TABLE OF CONTENTS


                                                                   Halaman/
                                                                    Page

 SURAT PERNYATAAN DIREKSI                                                     DIRECTORS’ STATEMENT LETTER

 LAPORAN AUDITOR INDEPENDEN                                                   INDEPENDENT AUDITOR’S REPORT

 LAPORAN       KEUANGAN       KONSOLIDASIAN-                                  CONSOLIDATED FINANCIAL STATEMENTS–
    Pada tanggal dan untuk tahun-tahun yang                                     As of and for the years ended December 31,
    berakhir pada tanggal 31 Desember 2023 dan                                  2023 and 2022
    2022

    Laporan Posisi Keuangan Konsolidasian                             1            Consolidated Statements of Financial Position

    Laporan  Laba     Rugi    dan     Penghasilan                                  Consolidated Statements of Profit or Loss and
       Komprehensif Lain Konsolidasian                                3               Other Comprehensive Income

    Laporan Perubahan Ekuitas Konsolidasian                           4            Consolidated Statements of Changes in Equity

    Laporan Arus Kas Konsolidasian                                    5            Consolidated Statements of Cash Flows

    Catatan atas Laporan Keuangan Konsolidasian                       6            Notes to Consolidated Financial Statements

 INFORMASI TAMBAHAN                                                           SUPPLEMENTARY INFORMATION

    Daftar I:          Laporan Posisi Keuangan-Entitas               86          Schedule I:          Statements of Financial Position-
                       Induk Tersendiri                                                               Parent Entity Only

    Daftar II:         Laporan     Laba     Rugi dan                 88          Schedule II:         Statements of Profit or Loss
                       Penghasilan Komprehensif Lain-                                                 and Other Comprehensive
                       Entitas Induk Tersendiri                                                       Income-Parent Entity Only

    Daftar III:        Laporan     Perubahan            Ekuitas-     89          Schedule III:        Statements of Changes                 in
                       Entitas Induk Tersendiri                                                       Equity-Parent Entity Only

    Daftar IV:         Laporan Arus Kas-Entitas Induk                90          Schedule IV:         Statements of Cash Flows-
                       Tersendiri                                                                     Parent Entity Only




640
                                                                          Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                       keuangan konsolidasi secara keseluruhan
Page 643
                                                                                                                            641
The accompanying notes form an integral part of these consolidated financial
                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
statements as a whole
Page 644
642   PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Page 645
                                                                                                                            643
The accompanying notes form an integral part of these consolidated financial
                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
statements as a whole
Page 646
644
                                                     Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
      PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                  keuangan konsolidasi secara keseluruhan
Page 647
                                                                                                                            645
The accompanying notes form an integral part of these consolidated financial
                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
statements as a whole
Page 648
646
                                                     Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
      PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                  keuangan konsolidasi secara keseluruhan
Page 649
                                                                                                                            647
The accompanying notes form an integral part of these consolidated financial
                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
statements as a whole
Page 650
648
                                                     Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
      PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                  keuangan konsolidasi secara keseluruhan
Page 651
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                                       PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN                                                                CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2023 DAN 2022 DAN 1 JANUARI 2022                                                            DECEMBER 31, 2023 AND 2022 AND JANUARY 1, 2022
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)                                              (Expressed in thousand of Rupiah, unless otherwise stated)


                                                             31 Desember/       31 Desember/      1 Januari/
                                                Catatan/     December 31,       December 31,     January 1,
                                                 Notes           2023              2022 *)         2022 *)

ASET                                                                                                                 ASSETS

ASET LANCAR                                                                                                         CURRENT ASSETS
Kas dan setara kas                                5,35          98.386.875        522.918.100    484.703.777        Cash and cash equivalents
Piutang usaha                                                                                                       Trade receivables
  Pihak berelasi                                  6,35         336.458.042          8.417.530     16.445.777           Related parties
  Pihak ketiga                                      6          122.511.356        196.119.884    156.988.811           Third parties
Piutang lain-lain                                                                                                   Other receivables
  Pihak berelasi                                  7,35           3.133.125          2.841.773              -           Related parties
  Pihak ketiga                                      7                3.503            348.513        618.433           Third parties
Persediaan                                         8           245.899.971        226.319.841    233.053.625        Inventories
Pajak dibayar dimuka                              17             3.883.268          2.953.546      6.200.944        Prepaid taxes
Beban dibayar dimuka                              9,35           3.188.641         23.293.100      3.085.499        Prepaid expenses
Uang muka                                         10             2.274.172          6.706.302      8.594.002        Advances
Aset keuangan lancar lainnya                      11             1.107.166            376.802        551.497        Other current financial assets

Jumlah aset lancar                                             816.846.119        990.295.391    910.242.365         Total current assets

ASET TIDAK LANCAR                                                                                                    NONCURRENT ASSETS
Penyertaan saham                                                    25.000             25.000          25.000        Investment in share
Aset pajak tangguhan                              17            11.473.518         12.626.248      14.256.152        Deferred tax assets
Aset tetap                                        12         3.955.399.358      4.081.841.325   4.163.222.503        Fixed assets
Aset takberwujud                                  13            12.193.521         20.186.318      27.897.065        Intangible assets
Aset tidak lancar lainnya                        14,35          60.793.122        137.750.651     205.362.575        Other noncurrent assets

Jumlah aset tidak lancar                                     4.039.884.519      4.252.429.542   4.410.763.295        Total noncurrent assets

JUMLAH ASET                                                  4.856.730.638      5.242.724.933   5.321.005.660       TOTAL ASSETS

*) Disajikan kembali (Catatan 41)                                                                                   *) As restated (Note 41)




Lihat catatan atas laporan keuangan konsolidasian                                                                   See accompanying notes to the consolidated
yang merupakan bagian yang tidak terpisahkan dari                                                                   financial statements which are an integral part of
laporan keuangan konsolidasian.                                                                                     the consolidated financial statements.




                                                                                 -1-



                                                                                                                                                            649
        The accompanying notes form an integral part of these consolidated financial
                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
        statements as a whole
Page 652
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                                          PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN                                                                   CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2023 DAN 2022 DAN 1 JANUARI 2022 (Lanjutan)                                           DECEMBER 31, 2023 AND 2022 AND JANUARY 1, 2022 (Continued)
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)                                                 (Expressed in thousand of Rupiah, unless otherwise stated)



                                                               31 Desember/     31 Desember/           1 Januari/
                                                 Catatan/      December 31,     December 31,          January 1,
                                                  Notes            2023            2022 *)              2022 *)

LIABILITAS DAN EKUITAS                                                                                                LIABILITIES AND EQUITY

LIABILITAS                                                                                                            LIABILITIES
LIABILITAS JANGKA PENDEK                                                                                              CURRENT LIABILITIES
Utang usaha                                                                                                           Trade payables
  Pihak berelasi                                   15,35        122.084.852      121.256.293           90.161.163       Related parties
  Pihak ketiga                                      15          295.274.230      189.970.312          157.194.262       Third parties
Utang lain-lain                                                                                                       Other payables
  Pihak berelasi                                   16,35          2.856.138       21.373.056               331.170      Related parties
  Pihak ketiga                                      16           47.193.592       45.972.723            39.987.011      Third parties
Utang pajak                                         17           26.462.856       25.492.254            22.952.769    Taxes payable
Beban akrual                                        18           39.577.964       40.362.783            42.733.853    Accrued expenses
Liabilitas imbalan kerja jangka pendek              21           13.723.795       41.199.654             9.658.431    Short term employee benefits liabilities
Pinjaman jangka panjang                                                                                               Long term debt maturity
  yang jatuh tempo dalam satu tahun:                                                                                    in one year:
  Pinjaman bank                                     19          175.000.000       99.666.150            58.854.644      Bank loans
  Liabilitas sewa                                   20            9.319.710        2.845.713            14.874.547      Lease liabilities

Jumlah liabilitas jangka pendek                                 731.493.137      588.138.938          436.747.850     Total current liabilities

LIABILITAS JANGKA PANJANG                                                                                             NONCURRENT LIABILITIES
Pinjaman jangka panjang, setelah                                                                                      Long term debt - after deducting
  dikurangi bagian yang jatuh tempo                                                                                     the portion that matures in
  dalam satu tahun:                                                                                                     one year
  Pinjaman bank                                     19          597.370.005     1.257.047.622        1.592.119.081      Bank loans
  Liabilitas sewa                                   20          110.066.183       117.604.542          116.355.640      Lease liabilities
Liabilitas pajak tangguhan                          17          128.019.117        93.554.801           72.700.163    Deferred tax liabilities
Liabilitas imbalan kerja jangka panjang             21           75.932.088        62.316.439           50.513.004    Long term employee benefit liabilities
Provisi jangka panjang                              22           51.437.752        48.924.565           46.671.869    Long term provision

Jumlah liabilitas jangka panjang                                962.825.145     1.579.447.969        1.878.359.757    Total noncurrent liabilities

JUMLAH LIABILITAS                                              1.694.318.282    2.167.586.907        2.315.107.607    TOTAL LIABILITIES

EKUITAS                                                                                                               EQUITY
Ekuitas yang dapat diatribusikan                                                                                      Equity attributable to equity holders
  kepada pemilik entitas induk                                                                                          of the parent entity
Modal saham                                                                                                           Share capital
  Modal dasar 30.000.000.000 lembar                                                                                     Authorized 30,000,000,000 shares,
  saham biasa, modal ditempatkan dan                                                                                    issued fully
  disetor penuh sebesar 9.932.534.336                                                                                   paid-up capital 9,932,534,336
  lembar saham dengan nilai nominal Rp100                                                                               shares with par value Rp100
  per lembar saham                                  23           993.253.434      993.253.434          993.253.434      per share
Tambahan modal disetor                              24         1.270.606.785    1.270.606.785        1.270.606.785    Additional paid-in capital
Kerugian komprehensif lain                                       (77.888.186)     (62.555.084)         (54.477.126)   Other comprehensive loss
Saldo laba                                                                                                            Retained earnings
  Telah ditentukan penggunaannya                                866.564.776     1.072.924.768        1.023.526.135      Appropriated
  Belum ditentukan penggunaannya                                109.898.718      (199.067.034)        (226.991.732)     Unappropriated

Total ekuitas yang dapat diatribusikan                                                                                Total equity attributable to equity
  kepada pemilik entitas induk                                 3.162.435.527    3.075.162.869        3.005.917.496      holders of the parent entity

Kepentingan nonpengendali                           26               (23.171)          (24.843)            (19.443)   Noncontrolling interests

JUMLAH EKUITAS                                                 3.162.412.356    3.075.138.026        3.005.898.053    TOTAL EQUITY

JUMLAH LIABILITAS DAN EKUITAS                                  4.856.730.638    5.242.724.933        5.321.005.660    TOTAL LIABILITIES AND EQUITY


*) Disajikan kembali (Catatan 41)                                                                                     *) As restated (Note 41)




Lihat catatan atas laporan keuangan konsolidasian                                                                     See accompanying notes to the consolidated
yang merupakan bagian yang tidak terpisahkan dari                                                                     financial statements which are an integral part of
laporan keuangan konsolidasian.                                                                                       the consolidated financial statements.




                                                                                 -2-



   650
                                                                                        Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
                PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                                     keuangan konsolidasi secara keseluruhan
Page 653
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                                PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
LAPORAN LABA RUGI DAN PENGHASILAN                                                                 CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN                                                                                AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2023 DAN 2022                                     FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)                                       (Expressed in thousand of Rupiah, unless otherwise stated)


                                                     Catatan/
                                                      Notes             2023             2022 *)

PENDAPATAN                                              27          2.040.679.390     1.881.767.356     REVENUE

BEBAN POKOK PENDAPATAN                                  28         (1.397.189.524)    (1.112.848.157)   COST OF REVENUE

LABA KOTOR                                                            643.489.866       768.919.199     GROSS PROFIT

Beban penjualan                                         29           (200.445.187)     (248.745.467)    Selling expenses
Beban umum dan administrasi                             30           (230.848.497)     (258.523.944)    General and administrative expenses
Pendapatan (beban) lainnya                              31             43.895.517        (8.579.101)    Other income (expenses)
Pendapatan keuangan                                     32              5.098.511        11.655.844     Finance income
Beban keuangan                                          33            (98.606.832)     (162.645.800)    Finance expenses

LABA SEBELUM PAJAK PENGHASILAN                                        162.583.378       102.080.731     PROFIT BEFORE INCOME TAX

BEBAN PAJAK PENGHASILAN                                17c             (41.010.873)     (24.762.910)    INCOME TAX EXPENSE

LABA TAHUN BERJALAN                                                   121.572.505        77.317.821     PROFIT FOR THE YEAR

PENGHASILAN KOMPREHENSIF LAIN                                                                           OTHER COMPREHENSIVE INCOME
Pos-pos yang tidak akan direklasifikasikan                                                              Items that will not be reclassified
  ke laba rugi                                                                                             to profit or loss
  Pengukuran kembali program imbalan pasti              21             (19.657.684)     (10.356.215)       Remeasurement of defined benefit program
  Pajak penghasilan terkait                                              4.324.690        2.278.367        Related income tax

Kerugian komprehensif lain                                                                              Total other comprehensive loss
  tahun berjalan setelah pajak                                         (15.332.994)       (8.077.848)     for the year, after tax

JUMLAH PENGHASILAN KOMPREHENSIF                                                                         TOTAL COMPREHENSIVE INCOME
  TAHUN BERJALAN                                                      106.239.511        69.239.973      FOR THE YEAR

LABA TAHUN BERJALAN                                                                                     PROFIT FOR THE YEAR
  YANG DAPAT DIATRIBUSIKAN KEPADA                                                                        ATTRIBUTABLE TO
  Pemilik entitas induk                                 34            121.570.941        77.323.331       Equity holders of parent entity
  Kepentingan nonpengendali                                                 1.564            (5.510)      Noncontrolling interest

LABA TAHUN BERJALAN                                                   121.572.505        77.317.821     PROFIT FOR THE YEAR

JUMLAH PENGHASILAN KOMPREHENSIF
  TAHUN BERJALAN YANG DAPAT                                                                             TOTAL COMPREHENSIVE INCOME
  DIATRIBUSIKAN KEPADA                                                                                   FOR THE YEAR ATTRIBUTABLE TO
  Pemilik entitas induk                                               106.237.839        69.245.373       Equity holders of parent entity
  Kepentingan nonpengendali                                                 1.672            (5.400)      Noncontrolling interest

JUMLAH PENGHASILAN KOMPREHENSIF                                                                         TOTAL COMPREHENSIVE INCOME
  TAHUN BERJALAN                                                      106.239.511        69.239.973      FOR THE YEAR

LABA PER SAHAM (Rupiah Penuh)                           34                       12                8    EARNINGS PER SHARE (Full Amount)

*) Disajikan kembali (Catatan 41)                                                                       *) As restated (Note 41)




Lihat catatan atas laporan keuangan konsolidasian                                                       See accompanying notes to the consolidated
yang merupakan bagian yang tidak terpisahkan dari                                                       financial statements which are an integral part of
laporan keuangan konsolidasian.                                                                         the consolidated financial statements.




                                                                             -3-



                                                                                                                                                     651
      The accompanying notes form an integral part of these consolidated financial
                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
      statements as a whole
Page 654
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                                                                                                                      PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                                                                             CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2023 DAN 2022                                                                                                                           FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022




                                                                                                                                                                                                                                                           Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
                                                                                                                                                                                                                                                                                        keuangan konsolidasi secara keseluruhan
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)                                                                                                                             (Expressed in thousand of Rupiah, unless otherwise stated)
                                                                                   Penghasilan
                                                                              komprehensif lain -
                                                                              tidak direklasifikasi
                                                                               ke laba rugi/ Other             Saldo laba/                   Modal yang dapat
                                                         Tambahan               comprehensive               Retained earnings               diatribusikan kepada     Komponen
                                                        modal disetor/              income -                               Belum                Perusahaan/        nonpengendali/
                                       Modal saham/       Additional            not reclassified      Dicadangkan/     dicadangkan/          Equity attributable   Noncontrolling   Jumlah ekuitas/
                                       Share capital    paid-in capital          to profit or loss    Appropriated    Unappropriated          to the Company          interest        Total equity
Saldo per 1 Januari 2022                993.253.434      1.270.606.785               (54.382.339)     1.023.526.135         (232.823.192)        3.000.180.823           (14.531)   3.000.166.292      Balance as of January 1, 2022
Dampak atas penyajian kembali                       -                     -               (94.787)                -            5.831.460             5.736.673            (4.912)        5.731.761     Impact from restatement
Saldo per 1 Januari 2022
 setelah penyesuaian *)                 993.253.434      1.270.606.785               (54.477.126)     1.023.526.135         (226.991.732)        3.005.917.496           (19.443)   3.005.898.053      Balance as of January 1, 2022 *)
Pecadangan saldo laba                               -                     -                      -      49.398.633           (49.398.633)                     -                -                 -     Appropriation of retained earnings
Laba tahun berjalan *)                              -                     -                      -                -          77.323.331             77.323.331            (5.510)      77.317.821      Profit for the year *)
Penghasilan komprehensif                                                                                                                                                                               Other comprehensive
 lain tahun berjalan                                -                     -           (8.077.958)                 -                    -            (8.077.958)             110         (8.077.848)     income for the year
Saldo per 31 Desember 2022 *)           993.253.434      1.270.606.785               (62.555.084)     1.072.924.768         (199.067.034)        3.075.162.869           (24.843)   3.075.138.026      Balance as of December 31, 2022 *)
Penurunan pencadangan saldo laba
 yang telah ditentukan penggunaannya                -                     -                      -    (206.359.992)         206.359.992                       -                -                 -     Decrease in appropriated retained earnings
Laba tahun berjalan                                 -                     -                      -                -         121.570.941            121.570.941             1.564      121.572.505      Profit for the year
Dividen                                             -                     -                      -                -          (18.965.181)          (18.965.181)                -       (18.965.181) Dividends
Penghasilan komprehensif                                                                                                                                                                               Other comprehensive
 lain tahun berjalan                                -                     -          (15.333.102)                 -                    -           (15.333.102)             108        (15.332.994)     income for the year




                                                                                                                                                                                                                                                                               PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                        993.253.434      1.270.606.785               (77.888.186)      866.564.776          109.898.718          3.162.435.527           (23.171)   3.162.412.356      Balance as of December 31, 2023
*) Disajikan kembali (Catatan 41)                                                                                                                                                                      *) As restated (Note 41)
Lihat catatan atas laporan keuangan konsolidasian                                                                                                                                                     See accompanying notes to the consolidated
yang merupakan bagian yang tidak terpisahkan dari                                                                                                                                                     financial statements which are an integral part of
laporan keuangan konsolidasian.                                                                                                                                                                       the consolidated financial statements.




                                                                                                                                                                                                                                                           652
                                                                                                                      -4-
Page 655
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                                  PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
LAPORAN ARUS KAS KONSOLIDASIAN                                                                         CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2023 DAN 2022                                       FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)                                         (Expressed in thousand of Rupiah, unless otherwise stated)


                                                                  2023                   2022

ARUS KAS DARI AKTIVITAS OPERASI                                                                        CASH FLOWS FROM OPERATING ACTIVITIES
 Penerimaan kas dari pelanggan                               1.818.977.388            2.170.839.131     Receipt from customers
 Pembayaran kas kepada pemasok                              (1.231.222.652)          (1.453.627.596)    Payments to suppliers
 Pembayaran kas kepada karyawan                               (188.227.811)            (166.581.593)    Payments to employees
 Pembayaran bunga keuangan                                    (106.846.517)            (162.929.766)    Payment of finance interest
 Penerimaan bunga                                                5.416.415               11.830.539     Interest income receipt
 Penerimaan restitusi pajak                                      2.295.323                1.921.768     Receipt from tax refunds
 Pembayaran pajak penghasilan badan                             (3.894.152)                (526.292)    Payment corporate of income tax
Arus kas bersih diperoleh dari                                                                         Net cash flows provided by
  aktivitas operasi                                            296.497.994             400.926.191      operating activities

ARUS KAS DARI AKTIVITAS INVESTASI                                                                      CASH FLOWS FROM INVESTING ACTIVITIES
 Pembelian aset tetap                                           (37.536.450)           (20.047.948)     Acquisition of fixed assets
 Pembelian aset takberwujud                                      (5.566.827)            (4.432.977)     Purchase of intangible assets
 Aset dalam pembangunan                                         (59.873.094)           (28.312.064)     Construction in progress
 Penjualan aset tetap                                                     -                146.632      Sales of fixed assets

Arus kas bersih digunakan untuk                                                                        Net cash flows used in
  aktivitas investasi                                         (102.976.371)            (52.646.357)     investing activities

ARUS KAS DARI AKTIVITAS PENDANAAN                                                                      CASH FLOWS FROM FINANCING ACTIVITIES
 Penerimaan pinjaman bank                                      901.425.000                       -      Receipt of bank loan
 Pembayaran pinjaman bank                                   (1.496.986.458)           (296.892.033)     Payment of bank loan
 Pembayaran dividen                                            (18.965.181)                      -      Payment of dividends
 Pembayaran liabilitas sewa                                     (3.449.379)            (13.208.308)     Payment of lease liabilities

Arus kas bersih digunakan untuk                                                                        Net cash flows used in
  aktivitas pendanaan                                         (617.976.018)           (310.100.341)     financing activities

(PENURUNAN) KENAIKAN BERSIH                                                                            NET (DECREASE) INCREASE
  KAS DAN SETARA KAS                                          (424.454.395)             38.179.493      IN CASH AND CASH EQUIVALENTS

PENGARUH PERUBAHAN SELISIH KURS                                                                        EFFECTS OF FOREIGN EXCHANGE RATE
 TERHADAP KAS DAN SETARA KAS                                         (76.830)               34.830      CHANGES ON CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS                                                                                     CASH AND CASH EQUIVALENTS AT THE
 PADA AWAL TAHUN                                               522.918.100             484.703.777      BEGINNING OF THE YEAR

KAS DAN SETARA KAS PADA                                                                                CASH AND CASH EQUIVALENTS AT
 AKHIR TAHUN                                                     98.386.875            522.918.100      THE END OF THE YEAR



Lihat catatan atas laporan keuangan konsolidasian                                                      See accompanying notes to the consolidated
yang merupakan bagian yang tidak terpisahkan dari                                                      financial statements which are an integral part of
laporan keuangan konsolidasian.                                                                        the consolidated financial statements.




                                                                                 -5-

                                                                                                                                                          653
      The accompanying notes form an integral part of these consolidated financial
                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
      statements as a whole
Page 656
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                              PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                           FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022 DAN UNTUK TAHUN-TAHUN                  DECEMBER 31, 2023 AND 2022 AND FOR THE YEARS
YANG BERAKHIR PADA TANGGAL TERSEBUT                                                                   THEN ENDED
(Dinyatakan dalam ribuan Rupiah,                                                   (Expressed in thousand of Rupiah,
kecuali dinyatakan lain)                                                                    unless otherwise stated)

 1.   UMUM                                                      1.    GENERAL

      Pendirian dan informasi umum                                    Company's establishment legality

      PT Semen Baturaja Tbk ("Perusahaan") didirikan                  PT Semen Baturaja Tbk (“the Company”) was
      berdasarkan Akta Notaris Jony Frederik Berthold                 established by Notarial Deed of Jony Frederik
      Tumbelaka Sinjal, Notaris di Jakarta, No. 34 tanggal            Berthold Tumbelaka Sinjal No. 34, Notary in Jakarta,
      14 November 1974, yang diubah dengan Akta                       dated November 14, 1974, amended by Notarial
      Notaris No. 49 tanggal 21 November 1974 oleh                    Deed No. 49 dated November 21, 1974 by the same
      Notaris yang sama. Akta-akta ini telah disetujui oleh           Notary. The deeds were approved by the Minister of
      Menteri Kehakiman Republik Indonesia dengan                     Justice of the Republic of Indonesia in his Decision
      Surat Keputusan No. Y.A5/422/18 tanggal                         Letter No. Y.A5/422/18 dated November 22, 1974
      22 November 1974, didaftarkan di Pengadilan                     register in District Court of Palembang No. 376/1974
      Negeri Palembang dengan No. 376/1974 tanggal                    dated November 22, 1974 and published in
      22 November 1974 dan diumumkan dalam                            Supplement No. 15 of State Gazette No. 2 dated
      tambahan No. 15 pada Berita Negara No. 2 tanggal                January 7, 1975.
      7 Januari 1975.

      Anggaran dasar Perusahaan telah mengalami                       The Company's articles of association have
      beberapa kali perubahan. Perubahan Anggaran                     undergone several changes. The latest amendment
      dasar terakhir berdasarkan Rapat Umum                           to the Articles of Association based on the General
      Pemegang Saham dilakukan dengan Akta Notaris                    Meeting of Shareholders was carried out by Notarial
      Aulia Taufani, S.H., Notaris di Jakarta, No. 46                 Deed of Aulia Taufani, S.H., Notary in Jakarta, No.
      tanggal 24 Januari 2023 mengenai perubahan                      46 dated January 24, 2023 regarding the change in
      status hukum PT Semen Baturaja (Persero) Tbk dari               the legal status of PT Semen Baturaja (Persero) Tbk
      Persero menjadi Nonpersero sehingga dilakukan                   from Persero to Nonpersero, resulting in a change in
      perubahan nama Perusahaan serta menambahkan                     the name of the Company and adding the authority
      kewenangan Pemegang Saham Seri B Mayoritas                      of the Majority Series B Shareholder, namely
      yaitu PT Semen Indonesia (Persero) Tbk.                         PT Semen Indonesia (Persero) Tbk.

      Berdasarkan Akta Perjanjiaan Pengalihan Saham                   Based on the Deed of Share Transfer Agreement
      Tanggal 19 Desember 2022 No. 15 dibuat                          dated December 19, 2022 No. 15 made before
      dihadapan dengan Akta Notaris Aulia Taufani, S.H.,              Notary Aulia Taufani, S.H., in South Jakarta. The
      di Jakarta Selatan. Pemerintah Negara Republik                  Government of Republic Indonesia as the
      Indonesia selaku pemegang saham PT Semen                        shareholder of PT Semen Baturaja (Persero) Tbk,
      Baturaja (Persero) Tbk, mengalihkan seluruh saham               transferred all B series shares with a total of
      seri B dengan jumlah saham sebanyak                             7,499,999,999        shares       valued       at
      7.499.999.999 lembar senilai Rp2.848.672.233.000                Rp2,848,672,233,000 to PT Semen Indonesia
      pada PT Semen Indonesia (Persero) Tbk.                          (Persero) Tbk.

      Entitas induk langsung Perusahaan adalah                        The      Company’s     immediate      parent is
      PT Semen Indonesia (Persero) Tbk dan entitas                    PT Semen Indonesia (Persero) Tbk and ultimate
      induk akhir Perusahaan adalah Pemerintah                        parent is Government of Republic Indonesia.
      Republik Indonesia.

      Penawaran umum efek Perusahaan                                  Public offering of shares of the Company

      Berdasarkan Surat No. S-176/D.04/2013 tanggal                   According to the letter No. S-176/D.04/2013 dated
      19 September 2013 dari Otoritas Jasa Keuangan di                September 19, 2013 from the Financial Services
      Indonesia, Perusahaan memperoleh persetujuan                    Authority Indonesia, the Company has received the
      Pernyataan Efektif Pendaftaran oleh Otoritas Jasa               approval of the Effective Registration Statement
      Keuangan.                                                       from Financial Service Authority.

      Pada tanggal 28 Desember 2013 Perusahaan telah                  On December 28, 2013 the Company has issued
      melakukan penawaran saham perdana (IPO) di                      shares through Initial Public Offering (IPO) in
      Bursa Efek Indonesia sebanyak 2.337.678.500                     Indonesia Stock Exchange as much as
      lembar saham dengan harga nominal Rp100 (dalam                  2,337,678,500 shares with nominal price Rp100 (in
      Rupiah penuh) per saham dan harga penawaran                     full Rupiah) per share and the offering price of Rp560
      saham Rp560 (dalam Rupiah penuh) per saham.                     (in full Rupiah) per share.




                                                              - 6-

654
                                                               Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                            keuangan konsolidasi secara keseluruhan
Page 657
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                             FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN UNTUK TAHUN                                                    DECEMBER 31, 2023 AND 2022 AND FOR THE YEAR
YANG BERAKHIR PADA TANGGAL TERSEBUT                                                                                      THEN ENDED
(Dinyatakan dalam ribuan Rupiah,                                                                     (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                unless otherwise stated) - Continued

       Lingkup dan jaringan usaha Perusahaan                                            Scope and network of the Company's business

       Sesuai dengan pasal 3 anggaran dasar                                             In accordance with article 3 of the Company's
       Perusahaan, Perusahaan bergerak di bidang                                        articles of association, the Company is involved in
       industri semen termasuk produksi, distribusi dan                                 the cement industrial sector including production,
       jasa-jasa lain yang terkait dengan industri semen.                               distribution, and other services around cement
                                                                                        industry.

       Kantor pusat Perusahaan terletak di Jalan Abikusno                               The Company's head office located on Abikusno
       Cokrosuyoso, Kertapati, Palembang. Lokasi pabrik                                 Cokrosuyoso, Kertapati, Palembang. Cement plants
       yang dimiliki Perusahaan terdapat di tiga lokasi yaitu                           of the Company are located in three locations which
       di Baturaja, Palembang dan Panjang (Lampung).                                    are in Baturaja, Palembang, and Panjang
       Fasilitas Pabrik di Baturaja meliputi pabrik penghasil                           (Lampung). The facility of plant in Baturaja includes
       terak (intermediate goods) dengan kapasitas                                      plant for producing clinker (intermediate goods) with
       produksi 2.700.000 ton per tahun dan pabrik                                      the production capacity of 2,700,000 tons per year
       penghasil semen (cement mill) dengan kapasitas                                   and plant for producing cement bulk with production
       produksi 3.850.000 ton per tahun.                                                capacity of 3,850,000 ton per year.

       Jumlah kapasitas ini diperoleh setelah selesainya                                The capacity was reached after the completion of
       proyek Cement Mill & Packer yang diselesaikan                                    project of Cement Mill & Packer which completed at
       pada akhir tahun 2013 dan proyek Pabrik Baturaja II                              the end of the year 2013 and project of Baturaja II
       yang diselesaikan pada akhir tahun 2017. Seluruh                                 Factory which completed at the end of the year 2017.
       hasil produksi semen dipasarkan di pasar lokal yang                              All cement production is marketed in the local market
       meliputi wilayah Sumatera Bagian Selatan dan                                     which covers the Southern Sumatra and Bengkulu
       Bengkulu.                                                                        regions.

       Selain kantor beroperasi di Baturaja, Palembang                                  In addition to the operating office in Baturaja,
       dan, Panjang, Perusahaan juga memiliki kantor                                    Palembang, and Panjang, the Company also has
       perwakilan yang beralamat di Gedung Graha Irama                                  representative office located at Graha Irama 9th floor
       Lantai 9 Ruang B - C, Jl. H.R. Rasuna Said Kav. 10,                              Room B - C, Jl. H.R. Rasuna Said Kav. 10, South
       Jakarta Selatan. Perusahaan memulai kegiatan                                     Jakarta. The Company commenced commercial
       komersialnya pada tanggal 1 September 1981.                                      operations on September 1, 1981.

       Dewan komisaris, direksi dan karyawan                                            The board of commissioners, directors and
                                                                                        employee

       Berdasarkan surat dari Menteri Badan Usaha Milik                                 Based on a letter from the Minister of State-Owned
       Negara No. SKK-30/MBU/05/2023 pada Rapat                                         Enterprises No. SKK-30/MBU/05/2023 at the
       Umum Pemegang Saham Luar Biasa (RUPSLB)                                          Extraordinary General Meeting of the Shareholders
       tanggal 8 November 2023 dan Surat dari Menteri                                   (EGMS) on November 8, 2023 and a Letter from the
       Badan     Usaha    Milik   Negara    No.   SR-                                   Minister of State-Owned Enterprises No. SR-
       195/MBU/03/2022 pada Rapat Umum Pemegang                                         195/MBU/03/2022 at the General Meeting of
       Saham (RUPS) tanggal 25 Maret 2022 komposisi                                     Shareholders (GMS) on March 25, 2022 the
       dewan komisaris mengalami perubahan. Susunan                                     composition of the board of commissioners
       dewan komisaris Perusahaan per tanggal                                           underwent a change. The composition of the
       31 Desember 2023 dan 2022 adalah sebagai                                         Company's board of commissioners as of
       berikut:                                                                         December 31, 2023 and 2022 is as follows:

                                                      2023                                   2022
      Komisaris                                                                                                    Commissioner
      Komisaris utama                       Alex Iskandar Munaf                     Franciscus M.A. Sibarani       President commissioner
      Komisaris independen                   Chowadja Sanova                           Chowadja Sanova             Independent commissioner
      Komisaris                                Hadi Daryanto                              Oke Nurwan               Commissioner
      Komisaris                              Inosentius Samsul                         Darusman Mawardi            Commissioner




                                                                                 - 7-

                                                                                                                                                  655
  The accompanying notes form an integral part of these consolidated financial
                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
  statements as a whole
Page 658
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                             PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                         FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                              FOR THE YEARS ENDED
2023 DAN 2022                                                                                     DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                 (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                            unless otherwise stated) - Continued

      Berdasarkan surat dari PT Semen Indonesia                                     Based on a letter from PT Semen Indonesia
      (Persero) Tbk tanggal 8 November 2023                                         (Persero) Tbk dated November 8, 2023
      No.       000408/HK/SUP/50032577/2000/11/2023                                 No.        000408/HK/SUP/50032577/2000/11/2023
      menindaklanjuti surat dari Menteri Badan Usaha                                following up on a letter from the Minister of State-
      Milik Negara tanggal 7 November 2023 No. SR-                                  Owned Enterprises dated November 7, 2023 No.
      546/MBU/11/2023 pada Rapat Umum Pemegang                                      SR-546/MBU/11/2023 at the Extraordinary General
      Saham Luar Biasa (RUPSLB), Surat PT Semen                                     Meeting of the Shareholders (EGMS), PT Semen
      Indonesia (Persero) Tbk tanggal 8 Mei 2023                                    Letter Indonesia (Persero) Tbk dated May 8, 2023
      No.       009008/HK/SUP/50062708/2000/05.2023                                 No.        009008/HK/SUP/50062708/2000/05.2023
      menindaklanjuti surat dari Menteri Badan Usaha                                following up on a letter from the Minister of State-
      Milik Negara tanggal 4 Mei 2023       No. SKK-                                Owned Enterprises dated May 4, 2023 No. SKK-
      30/MBU/05/2023 pada Rapat Umum Pemegang                                       30/MBU/05/2023 at the General Meeting of
      Saham (RUPS) dan Surat Menteri Badan Usaha                                    Shareholders (GMS) and Letter from the Minister of
      Milik Negara No. SR-195/MBU/03/2022 pada Rapat                                State-Owned Enterprises No. SR-195/MBU/03/2022
      Umum Pemegang Saham (RUPS) tanggal 25 Maret                                   at the General Meeting of Shareholders (GMS) on
      2022 komposisi dewan direksi mengalami                                        March 25, 2022, the composition of the board of
      perubahan. Susunan direksi Perusahaan pada                                    directors underwent changes. The composition of
      tanggal 31 Desember 2023 dan 2022 adalah                                      the Company's board of directors as of
      sebagai berikut:                                                              December 31, 2023 and 2022 is as follows:
                                                                            2023
      Direksi                                                                                             Directors
      Direktur utama                                                 Suherman Yahya                       President director
      Direktur                                                       Rahmat Hidayat                       Director
      Direktur                                                      Muhammad Syafitri                     Director
                                                                            2022
      Direksi                                                                                             Directors
      Direktur utama                                                 Daconi Khotob                        President director
      Direktur keuangan dan                                    Tubagus Muhammad Dharury                   Finance and risk
       manajemen risiko                                                                                    management director
      Direktur produksi                                                                                   Production and development
       dan pengembangan                                             Suherman Yahya                         director
      Direktur umum                                                                                       General affairs and human
       dan SDM                                                       Gatot Mardiana                        resources director
      Direktur pemasaran                                           Mukhamad Saifudin                      Marketing director

      Berdasarkan Surat Keputusan Dewan Komisaris                                   Based on the Decision Letter of Commissioners No.
      No. SK-12/DK-SB/XI/2023 tanggal 4 Desember                                    SK-12/DK-SB/XI/2023 dated December 4, 2023, the
      2023, komposisi Komite Audit mengalami                                        Board of Audit Committee have been changed.
      perubahan. Susunan Komite Audit Perusahaan per                                Board of Audit Committees of the Company as
      tanggal 31 Desember 2023 dan 2022 adalah                                      December 31, 2023 and 2022 are as follows:
      sebagai berikut:

                                                            2023                              2022
      Komite audit                                                                                                  Audit committee
      Ketua                                           Chowadja Sanova               Darusman Mawardi                Chairman
      Anggota                                            Ramza Aziz                Mansyursyah Nasution             Member
      Anggota                                             Abu Bakar                 Muhammad Imran                  Member
      Anggota                                        Alex Iskandar Munaf                    -                       Member

      Pada tanggal 31 Desember 2023 dan 2022,                                       As of December 31, 2023 and 2022 the Company
      Perusahaan mempunyai masing-masing 880 dan                                    had 880 and 897 employees. Total employees’ costs
      897 karyawan. Jumlah biaya karyawan Perusahaan                                for the year ended December 31, 2023 and 2022
      yang berakhir pada tanggal 31 Desember 2023 dan                               amounted to Rp237,742,977 and Rp243,735,627.
      2022 masing-masing sebesar Rp237.742.977 dan
      Rp243.735.627.

      Total gaji dan kompensasi manajemen kunci yang                                Total salaries and compensations of key
      mencakup direktur dan komisaris Perusahaan untuk                              management which include directors and
      tahun-tahun yang berakhir pada 31 Desember 2023                               commisioners of the Company for the years ended
      dan 2022 masing-masing sebesar Rp16.091.249                                   December 31, 2023 and 2022 amounted to
      dan Rp34.768.848.                                                             Rp16,091,249 and Rp34,768,848, respectively.


                                                                           - 8-

656
                                                                            Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
      PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                         keuangan konsolidasi secara keseluruhan
Page 659
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

       Entitas anak yang dikonsolidasikan                                                 Consolidated subsidiary

       Kepemilikan saham Perusahaan pada entitas anak                                     The Company's ownership interests in consolidated
       yang dikonsolidasi sebagai berikut:                                                subsidiary are as follows:
                                                                                                         Persentase
                                                                                       Tahun operasi    kepemilikan                  Jumlah aset
                                                                                         komersial/         efektif/             (sebelum eliminasi)/
                                            Kegiatan                                      Start of        Effective                  Total assets
              Entitas anak/               usaha utama/              Domisili/           commercial      percentage               (before elimination)
               Subsidiary               Principal activities        Domicile            operations      of ownership            2023             2022

       PT Baturaja Multi Usaha        Perdagangan,                 Palembang               2016           99,94%            117.680.208        154.914.388
                                      Pembangunan,
                                      Perindustrian,
                                      Pengangkutan Darat &
                                      Jasa/Trading,
                                      Construction, Industry,
                                      Transportation &
                                      Services

       Pada tanggal 24 Februari 2016, berdasarkan Akta                                    As of February 24, 2016, based on Notarial Deed No.
       Notaris No. 49, dari Akhmad Habriand, S.H., M.H.,                                  49, of Akhmad Habriand, S.H., M.H., the Company
       Perusahaan mendirikan PT Baturaja Multi Usaha.                                     established PT Baturaja Multi Usaha. The Deed has
       Akta ini telah disahkan oleh Menteri Hukum dan Hak                                 been approved by the Minister of Law and Humans
       Asasi Manusia Republik Indonesia dalam Surat                                       Rights of the Republic of Indonesia in a Decree
       Keputusan No. AHU-0010830.AH.01.01 tanggal                                         No. AHU-0010830.AH.01.01 dated February 26,
       26 Februari 2016.                                                                  2016.

       Anggaran dasar Entitas Anak mengalami beberapa                                     The Subsidiary's articles of association has been
       perubahan, terakhir berdasarkan Akta Notaris                                       amended several times, the latest by Notarial Deed
       No. 180 tanggal 29 Januari 2018, Notaris Akhmad                                    No. 180 of Akhmad Habriand, S.H., M.H., dated
       Habriand, S.H., M.H., mengenai peningkatan modal                                   January 29, 2018 concerning the increased in
       dasar dari Rp40.000.000 menjadi Rp160.000.000                                      authorized     capital  from   Rp40,000,000     to
       dan meningkatkan modal ditempatkan dan disetor                                     Rp160,000,000 and the increase issued and fully
       dari   Rp10.025.000     menjadi    Rp40.025.000.                                   paid capital from Rp10,025,000 to Rp40,025,000.
       Perubahan anggaran dasar tersebut telah disahkan                                   This amendment has been approved by the Minister
       oleh Menteri Hukum dan Hak Asasi Manusia                                           of Law and Human Rights of the Republic Indonesia
       Republik Indonesia dalam Surat Keputusan No.                                       in its Decree No. AHU-AH.01.03.0085903 dated
       AHU-AH.01.03.0085903 tanggal 27 Februari 2018.                                     February 27, 2018.


2.     PENERAPAN     STANDAR        AKUNTANSI                                     2.      ADOPTION   OF   NEW   AND  REVISED
       KEUANGAN BARU DAN REVISI (“PSAK”)                                                  STATEMENTS OF FINANCIAL ACCOUNTING
                                                                                          STANDARDS (“PSAK”)

        a.    Amendemen/Penyesuaian Standar                         yang                 a.   Amendments/Improvements                    to    Standards
              Berlaku Efektif pada Tahun Berjalan                                             Effective in the Current Year

             Dalam tahun berjalan, Grup telah menerapkan                                      In the current year, the Group has applied a
             sejumlah amendemen/penyesuaian PSAK                                              number of amendments/ improvements to PSAK
             yang relevan dengan operasinya dan efektif                                       that are relevant to its operations and effective for
             untuk periode akuntansi yang dimulai pada atau                                   accounting period beginning on or after January
             setelah 1 Januari 2023. Penerapan atas PSAK                                      1, 2023. The adoption of these new/revised
             baru/revisi tidak mengakibatkan perubahan                                        PSAKs does not result in changes to the Group’s
             atas kebijakan akuntansi Grup dan tidak                                          accounting policies and has no material effect on
             memiliki dampak material terhadap jumlah yang                                    the amounts reported in these consolidated
             dilaporkan     dalam     laporan     keuangan                                    financial statements.
             konsolidasian.




                                                                                - 9-

                                                                                                                                                    657
 The accompanying notes form an integral part of these consolidated financial
                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 660
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                  PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                              FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                   FOR THE YEARS ENDED
2023 DAN 2022                                                                          DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                      (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                 unless otherwise stated) - Continued

          PSAK 1 (Amendemen) Penyajian Laporan                                PSAK 1 (Amendment)                     Presentation          of
          Keuangan:  Pengungkapan     Kebijakan                               Financial   Statements:                Disclosure            of
          Akuntansi                                                           Accounting Policies

          Grup telah menerapkan amandemen PSAK 1                              The Group has adopted the amendments to
          untuk pertama kalinya pada tahun berjalan.                          PSAK 1 for the first time in the current year. The
          Amandemen ini mengubah persyaratan PSAK                             amendments change the requirements in PSAK 1
          1 terkait pengungkapan kebijakan akuntansi.                         with regard to disclosure of accounting policies.
          Amandemen tersebut menggantikan seluruh                             The amendments replace all instances of the term
          istilah 'kebijakan akuntansi signifikan' dengan                     ‘significant accounting policies’ with ‘material
          'informasi kebijakan akuntansi material'.                           accounting policy information’. Accounting policy
          Informasi kebijakan akuntansi bersifat material                     information is material if, when considered
          jika, ketika dipertimbangkan bersama dengan                         together with other information included in an
          informasi lain yang termasuk dalam laporan                          entity’s financial statements, it can reasonably be
          keuangan suatu entitas, informasi tersebut                          expected to influence decisions that the primary
          secara wajar diharapkan dapat mempengaruhi                          users of general purpose financial statements
          keputusan yang diambil oleh pengguna utama                          make on the basis of those financial statements.
          laporan       keuangan     bertujuan      umum
          berdasarkan laporan keuangan tersebut.

          Paragraf pendukung dalam PSAK 1 juga diubah                         The supporting paragraphs in PSAK 1 are also
          untuk memperjelas bahwa informasi kebijakan                         amended to clarify that accounting policy
          akuntansi yang berkaitan dengan transaksi,                          information that relates to transactions, other
          peristiwa atau kondisi lain adalah tidak material,                  events or conditions that is immaterial, need not
          tidak perlu diungkapkan. Informasi kebijakan                        to be disclosed. Accounting policy information
          akuntansi mungkin material karena sifat                             may be material because of the nature of the
          transaksi terkait, peristiwa atau kondisi lain,                     related transactions, other events or conditions,
          meskipun jumlahnya tidak material. Namun,                           even if the amounts are immaterial. However, not
          tidak semua informasi kebijakan akuntansi yang                      all accounting policy information relating to
          berkaitan dengan transaksi material, peristiwa                      material transactions, other events or conditions
          atau kondisi lain bersifat material.                                is itself material.

          PSAK     25    (amendemen)       Kebijakan                          PSAK 25 (amendment) Accounting Policies,
          Akuntansi, Perubahan Estimasi Akuntansi,                            Changes in Accounting Estimates and Errors:
          dan Kesalahan: Definisi Estimasi Akuntansi                          Definition of Accounting Estimates

          Grup telah menerapkan amandemen PSAK 25                             The Group has adopted the amendments to
          untuk pertama kalinya pada tahun berjalan.                          PSAK 25 for the first time in the current year. The
          Amandemen tersebut menggantikan definisi                            amendments replace the definition of a change in
          perubahan estimasi akuntansi dengan definisi                        accounting estimates with a definition of
          estimasi akuntansi. Berdasarkan definisi baru,                      accounting estimates. Under the new definition,
          estimasi akuntansi adalah “jumlah moneter                           accounting estimates are “monetary amounts in
          dalam laporan keuangan yang bergantung                              financial statements that are subject to
          pada ketidakpastian pengukuran”. Definisi                           measurement uncertainty”. The definition of a
          perubahan estimasi akuntansi telah dihapus.                         change in accounting estimates was deleted.

          PSAK 16 (amendemen) Aset Tetap: Hasil                               PSAK 16 (amendment) Property, Plant and
          Sebelum Penggunaan yang Diintensikan                                Equipment: Proceeds before Intended Use

          Grup telah menerapkan amandemen PSAK 16                             The Group has adopted the amendments to
          untuk pertama kalinya pada tahun berjalan.                          PSAK 16 for the first time in the current year. The
          Amandemen tersebut melarang pengurangan                             amendments prohibit deducting from the cost of
          terhadap biaya perolehan suatu aset tetap                           an item of property, plant and equipment any
          untuk setiap hasil penjualan barang yang                            proceeds from selling items produced before that
          diproduksi sebelum aset tersebut tersedia untuk                     asset is available for use, i.e. proceeds while
          digunakan, yaitu hasil saat membawa aset ke                         bringing the asset to the location and condition
          lokasi dan kondisi yang diperlukan agar aset                        necessary for it to be capable of operating in the
          tersebut mampu beroperasi sesuai dengan cara                        manner intended by management. Consequently,
          yang dimaksudkan oleh manajemen. Oleh                               the Group recognises such sales proceeds and
          karena itu, Grup mengakui hasil penjualan dan                       related costs in profit or loss. The Group
          biaya-biaya terkait dalam laba rugi. Grup                           measures the cost of those items in accordance
          mengukur biaya perolehan barang-barang                              with PSAK 14 Inventories.
          tersebut sesuai dengan PSAK 14 Persediaan.


                                                               - 10 -

658
                                                                  Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
      PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                               keuangan konsolidasi secara keseluruhan
Page 661
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

              Amandemen tersebut juga memperjelas arti                                        The amendments also clarify the meaning of
              'menguji apakah suatu aset berfungsi dengan                                     'testing whether an asset is functioning properly'.
              sesuai'. PSAK 16 menetapkan hal tersebut                                        PSAK 16 specifies this as assessing whether the
              sebagai penilaian apakah kinerja teknis dan                                     technical and physical performance of the asset
              fisik suatu aset sedemikian rupa sehingga                                       is such that it is capable of being used in the
              mampu digunakan dalam produksi atau                                             production or supply of goods or services, for
              penyediaan barang atau jasa, untuk disewakan                                    rental to others, or for administrative purposes.
              kepada pihak lain, atau untuk tujuan
              administratif.

              Jika tidak disajikan secara terpisah dalam                                      If not presented separately in the consolidated
              laporan     laba    rugi    dan   penghasilan                                   statement of profit or loss and other
              komprehensif lain konsolidasian, laporan                                        comprehensive income, the consolidated
              keuangan      konsolidasian    mengungkapkan                                    financial statements shall disclose the amounts of
              jumlah penjualan dan biaya yang tercatat dalam                                  proceeds and cost included in profit or loss that
              laporan laba rugi yang berkaitan dengan item                                    relate to items produced that are not an output of
              yang diproduksi yang bukan merupakan output                                     the entity’s ordinary activities, and which line
              dari aktivitas normal entitas, dan pada item                                    item(s) in the consolidated statement of profit or
              mana jumlah tersebut disajikan dalam laporan                                    loss and other comprehensive income include(s)
              laba rugi dan penghasilan komprehensif lain                                     such proceeds and cost.
              konsolidasiannya.

              PSAK 46 (amendemen) Pajak Penghasilan:                                          PSAK 46 (amendment) Income Taxes:
              Pajak Tangguhan Terkait Aset dan Liabilitas                                     Deferred Tax related to Assets and Liabilities
              yang Timbul dari Transaksi Tunggal                                              Arising from a Single Transaction

              Grup telah menerapkan amandemen PSAK 46                                         The Group has adopted the amendments to
              untuk pertama kalinya pada tahun berjalan.                                      PSAK 46 for the first time in the current year. The
              Amandemen ini memperkenalkan pengecualian                                       amendments introduce a further exception from
              lebih lanjut dari pengecualian pengakuan awal.                                  the initial recognition exemption. Under the
              Berdasarkan amandemen tersebut, entitas                                         amendments, an entity does not apply the initial
              tidak menerapkan pengecualian pengakuan                                         recognition exemption for transactions that give
              awal untuk transaksi yang menimbulkan                                           rise to equal taxable and deductible temporary
              perbedaan temporer yang dapat dikurangkan                                       differences. Depending on the applicable tax law,
              dan dikenai pajak yang setara. Tergantung                                       equal taxable and deductible temporary
              pada peraturan perpajakan yang berlaku,                                         differences may arise on initial recognition of an
              perbedaan temporer yang dapat dikurangkan                                       asset and liability in a transaction that is not a
              dan dikenai pajak yang setara mungkin timbul                                    business combination and affects neither
              pada pengakuan awal aset dan liabilitas dalam                                   accounting profit nor taxable profit.
              suatu transaksi yang bukan merupakan
              kombinasi bisnis dan tidak mempengaruhi laba
              akuntansi maupun laba kena pajak.

              Setelah amandemen PSAK 46, entitas                                              Following the amendments to PSAK 46, an entity
              diharuskan mengakui aset dan liabilitas pajak                                   is required to recognise the related deferred tax
              tangguhan terkait, dengan pengakuan aset                                        asset and liability, with the recognition of any
              pajak tangguhan tunduk pada kriteria                                            deferred tax asset being subject to the
              terpulihkan dalam PSAK 46.                                                      recoverability criteria in
                                                                                              PSAK 46.

         b.   Standar dan Amendemen/Penyesuaian                                          b.   Standard and Amendments/ Improvements to
              Standar Telah Diterbitkan Tapi Belum                                            Standards Issued not yet Adopted
              Diterapkan
              Pada tanggal persetujuan laporan keuangan                                       At the date of authorization of these consolidated
              konsolidasian, standar, interpretasi dan                                        financial statements, the following standard,
              amandemen-amandemen atas PSAK yang                                              interpretation and amendments to PSAK relevant
              relevan bagi Grup, yang telah diterbitkan                                       to the Group were issued but not effective, with
              namun belum berlaku efektif, dengan                                             early application permitted:
              penerapan dini diijinkan, adalah sebagai
              berikut:




                                                                                - 11 -

                                                                                                                                                   659
 The accompanying notes form an integral part of these consolidated financial
                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 662
 PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                               PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
 CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
 KONSOLIDASIAN DAN ENTITAS ANAK                                                           FINANCIAL STATEMENTS
 UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                FOR THE YEARS ENDED
 2023 DAN 2022                                                                       DECEMBER 31, 2023 AND 2022
 (Dinyatakan dalam ribuan Rupiah,                                                   (Expressed in thousand of Rupiah,
 kecuali dinyatakan lain) - Lanjutan                                              unless otherwise stated) - Continued

            Efektif untuk periode yang dimulai pada atau                     Effective for periods beginning on or after
            setelah tanggal 1 Januari 2024                                   January 1, 2024

            •    PSAK 1 (amendemen) Penyajian Laporan                        •   PSAK 1 (amendment) Presentation of
                 Keuangan: Klasifikasi Liabilitas sebagai                        financial statements: Classification of
                 Jangka Pendek atau Jangka Panjang                               Liabilities as Current or Non-current

            •    PSAK 73 (amendemen) Sewa: Liabilitas                        •   PSAK 73 (amendment) Leases: Lease
                 Sewa pada Transaksi Jual dan Sewa-balik                         Liability in a Sale and Leaseback

            •    PSAK 1 (amendemen) Penyajian Laporan                        •   PSAK 1 (amendment) Presentation of
                 Keuangan: Penyajian Laporan Keuangan                            financial statements: Non-current Liabilities
                 terkait Liabilitas Jangka Panjang dengan                        with Covenants
                 Kovenan
            •    PSAK 2 (amandemen) Laporan arus kas                         •   PSAK 2 (amendment) Statement of cash
                 dan PSAK 60 (amandemen) Instrumen                               flows and PSAK 60 (amendment) Financial
                 Keuangan : Pengungkapan : Pengaturan                            Instruments : Disclosures : Supplier Finance
                 Pembiayaan Pemasok                                              Arrangements

            Efektif untuk periode yang dimulai pada atau                     Effective for periods beginning on or after
            setelah tanggal 1 Januari 2025                                   January 1, 2025

            •    PSAK     10   (amandemen)      Pengaruh                     •   PSAK 10 (amendment) The effects of
                 Perubahan Kurs Valuta Asing: Kekurangan                         changes in foreign exchange rates: Lack of
                 Ketertukaran                                                    Exchangeability

            •    PSAK 74 Kontrak Asuransi                                    •   PSAK 74 Insurance Contracts

            •    PSAK 74 (amendemen) Kontrak Asuransi:                       •   PSAK     74        (amendment)      Insurance
                 Penerapan awal PSAK 74 dan PSAK 71 -                            Contracts: Initial application of PSAK 74 and
                 Informasi Komparatif                                            PSAK 71 - Comparative Information

            Sampai dengan tanggal penerbitan laporan                         As of the issuance date of the consolidated
            keuangan     konsolidasian,    dampak     dari                   financial statements, the effects of adopting
            penerapan     standar,    amendemen       dan                    these       standards,   amendments      and
            interpretasi   tersebut   terhadap    laporan                    interpretations on the consolidated financial
            keuangan konsolidasian tidak dapat diketahui                     statements are not known nor reasonably
            atau diestimasi oleh manajemen.                                  estimable by management.


 3.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    3.    MATERIAL                 ACCOUNTING                   POLICIES
                                                                      INFORMATION

      a.   Pernyataan Kepatuhan                                       a.   Statement of Compliance

           Laporan keuangan konsolidasian ini telah                        The consolidated financial statements have been
           disusun dan disajikan sesuai dengan Standar                     prepared and presented in accordance with
           Akuntansi Keuangan di Indonesia meliputi                        Indonesian Financial Accounting Standards
           Pernyataan Standar Akuntansi Keuangan                           which include the Statement of Financial
           (PSAK) dan Interpretasi Standar Akuntansi                       Accounting Standards (PSAK) and Interpretation
           Keuangan (ISAK) yang diterbitkan oleh Dewan                     of Financial Accounting Standards (ISAK) issued
           Standar Akuntansi Keuangan – Ikatan Akuntan                     by the Financial Accounting Standard Board -
           Indonesia (DSAK–IAI) dan Keputusan Ketua                        Indonesian Institute of Accountant (DSAK - IAI),
           Bapepam-LK No. KEP-347/BL.2012 tanggal 25                       and Decree of Chairman of Bapepam-LK No.
           September 2012 tentang penyajian dan                            KEP-347/BL.2012 dated September 25, 2012,
           pengungkapan laporan keuangan emiten atau                       regarding presentation and disclosure of financial
           Perusahaan publik (Peraturan VIII.G.7).                         statements of issuers or public companies
                                                                           (Regulation VIII.G.7).




                                                             - 12 -

660
                                                               Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                            keuangan konsolidasi secara keseluruhan
Page 663
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

     b.    Dasar Penyusunan                                                              b.   Basis of Preparation

           Dasar pengukuran dalam penyusunan laporan                                          Basis of measurement in preparation of these
           keuangan konsolidasian         ini menggunakan                                     consolidated financial statements is the historical
           konsep biaya perolehan, kecuali untuk beberapa                                     costs concept, except for certain accounts which
           akun tertentu yang pengukurannya didasarkan                                        have been prepared on the basis of other
           pada nilai lain sebagaimana dijelaskan dalam                                       measurements as described in their respective
           tiap-tiap akun yang bersangkutan yang dimaksud                                     policies. Historical cost is defined as the amount
           dengan biaya perolehan adalah jumlah kas atau                                      of cash or cash equivalents paid or the fair value
           setara kas yang dibayarkan atau nilai wajar dari                                   of the other benefits transferred to acquire an
           imbalan lain yang diserahkan untuk memperoleh                                      asset at the time of acquisition or construction or,
           suatu aset pada saat perolehan atau konstruksi                                     where applicable, the amount attributed to the
           atau, jika dapat diterapkan, jumlah yang                                           asset when it is first recognized in accordance
           diatribusikan pada aset ketika pertama kali diakui                                 with certain conditions in Statement of Financial
           sesuai dengan persyaratan tertentu dalam                                           Accounting Standards (PSAK).
           Pernyataan Standar Akuntansi Keuangan
           (PSAK).

           Laporan arus kas konsolidasian disajikan dengan                                    The consolidated statements of cash flows are
           metode langsung (direct method) dan arus kas                                       prepared using the direct method by classifying
           dikelompokkan ke dalam aktivitas operasi,                                          cash flows into operating, investing, and
           investasi dan pendanaan.                                                           financing activities.

           Biaya historis umumnya didasarkan pada nilai                                       Historical cost is generally based on the fair value
           wajar dari imbalan yang diberikan dalam                                            of the consideration given in exchange for goods
           pertukaran barang dan jasa.                                                        and services.

           Nilai wajar adalah harga yang akan diterima                                        Fair value is the price that would be received to
           untuk menjual suatu aset atau harga yang akan                                      sell an asset or paid to transfer a liability in an
           dibayar untuk mengalihkan suatu liabilitas dalam                                   orderly transaction between market participants
           suatu transaksi teratur antara pelaku pasar pada                                   at the measurement date, regardless of whether
           tanggal pengukuran, terlepas dari apakah harga                                     that price is directly observable or estimated
           tersebut dapat diamati secara langsung atau                                        using another valuation technique. In estimating
           diestimasi menggunakan teknik penilaian lain.                                      the fair value of an asset or a liability, the Group
           Dalam mengestimasi nilai wajar dari suatu aset                                     takes into account the characteristics of the asset
           atau     liabilitias,  Grup       memperhitungkan                                  or liability if market participants would take those
           karakteristik aset atau liabilitas jika pelaku pasar                               characteristics into account when pricing the
           akan memperhitungkan karakteristik tersebut                                        asset or liability at the measurement date. Fair
           ketika menentukan harga aset atau liabilitas pada                                  value for measurement and/or disclosure
           tanggal pengukuran. Nilai wajar untuk tujuan                                       purposes in these interim consolidated financial
           pengukuran dan/atau pengungkapan pada                                              statements is determined on such a basis, except
           laporan     keuangan       konsolidasian      interim                              for leasing transactions that are within the scope
           ditentukan atas dasar tersebut, kecuali untuk                                      of PSAK 73 Leases, and measurements that
           transaksi sewa yang merupakan ruang lingkup                                        have some similarities to fair value but are not fair
           PSAK 73 Sewa, dan pengukuran yang memiliki                                         value, such as net realizable value in PSAK 14
           kemiripan dengan nilai wajar namun bukan                                           Inventories or value in use in PSAK 48
           merupakan nilai wajar, seperti nilai realisasi                                     Impairment of Assets.
           bersih dalam PSAK 14 Persediaan atau nilai
           pakai dalam PSAK 48 Penurunan Nilai Aset.

           Seluruh angka dalam laporan keuangan                                               Figures in the consolidated financial statements
           konsolidasian ini, dibulatkan dan disajikan dalam                                  are rounded to and stated in thousands of Rupiah
           ribuan Rupiah (“Rp”), kecuali dinyatakan lain.                                     (“Rp”), unless otherwise stated. Refer to Note 3d
           Lihat Catatan 3d untuk informasi mata uang                                         for the information on the Group’s functional
           fungsional Grup.                                                                   currency.

           Penyusunan laporan keuangan konsolidasian                                          The preparation of the consolidated financial
           sesuai dengan Standar Akuntansi Keuangan di                                        statements in conformity with Indonesian
           Indonesia mengharuskan penggunaan estimasi                                         Financial Accounting Standards requires the use
           dan asumsi. Hal tersebut juga mengharuskan                                         of certain critical accounting estimates and
           manajemen untuk membuat pertimbangan dalam                                         asumptions. It also requires management to
           proses penerapan kebijakan akuntansi Grup.                                         exercise its judgement in the process of applying
           Area yang kompleks atau memerlukan tingkat                                         the Group’s accounting policies. The areas
           pertimbangan yang lebih tinggi atau area di mana                                   involving a higher degree of judgement or
           asumsi dan estimasi dapat berdampak signifikan                                     complexity, or areas where assumptions and
           terhadap laporan keuangan konsolidasian                                            estimates are significant to the consolidated
           diungkapkan di Catatan 4.                                                          financial statements are disclosed in Note 4.


                                                                                - 13 -

                                                                                                                                                    661
 The accompanying notes form an integral part of these consolidated financial
                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 664
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                     PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                 FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                      FOR THE YEARS ENDED
2023 DAN 2022                                                                             DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                         (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                    unless otherwise stated) - Continued

             direksi memiliki, pada saat persetujuan laporan                    The directors have, at the time of approving the
             keuangan, suatu ekspektasi yang memadai                            financial statements, a reasonable expectation
             bahwa Grup memiliki sumber daya yang cukup                         that the Group has adequate resources to
             untuk melanjutkan keberadaan operasinya untuk                      continue in operational existence for the
             di masa yang akan datang. Sehingga, mereka                         foreseeable future. Thus, they continue to adopt
             melanjutkan     penerapan    dasar    akuntansi                    the going concern basis of accounting in
             kelangsungan usaha dalam penyusunan laporan                        preparing the consolidated financial statements.
             keuangan konsolidasian.

      c.     Prinsip-prinsip Konsolidasian                                 c.   Principles of Consolidation

             Laporan         keuangan            konsolidasian                  The consolidated financial statements incorporate
             menggabungkan laporan keuangan Perusahaan                          the financial statements of the Company and
             dan entitas yang dikendalikan oleh Perusahaan                      entities (including structured entities) controlled
             dan entitas anak (termasuk entitas terstruktur).                   by the Company and its subsidiary. Control is
             Pengendalian tercapai dimana Perusahaan                            achieved where the Company has the power over
             memiliki kekuasaan atas investee; eksposur atau                    the investee; is exposed, or has rights, to variable
             hak atas imbal hasil variabel dari keterlibatannya                 returns from its involvement with the investee; and
             dengan investee; dan kemampuan untuk                               has the ability to use its power to affect its returns.
             menggunakan kekuasaannya atas investee
             untuk mempengaruhi jumlah imbal hasil investor.

             Perusahaan menilai kembali apakah entitas                          The Company reassessed whether or not it
             tersebut adalah investee jika fakta dan keadaan                    controls an investee if facts and circumstances
             yang mengindikasikan adanya perubahan                              indicate that there are changes to one or more of
             terhadap satu atau lebih dari tiga elemen                          the three elements of control listed above.
             pengendalian yang disebutkan di atas.

             Ketika Perseroan memiliki kurang dari hak suara                    When the Company has less than a majority of
             mayoritas pada investee, Perseroan memiliki                        the voting rights of an investee, it has power over
             kekuasaan atas investee ketika hak suara                           the investee when the voting rights are sufficient
             investor cukup untuk memberinya kemampuan                          to give it the practical ability to direct the relevant
             praktis untuk mengarahkan aktivitas relevan                        activities of the investee unilaterally.
             secara sepihak.

             Perusahaan mempertimbangkan seluruh fakta                          The Company considers all relevant facts and
             dan keadaan yang relevan dalam menilai apakah                      circumstances in assessing whether or not the
             hak suara Perusahaan cukup untuk memberikan                        Company’s voting rights in an investee are
             Perusahaan kekuasaan, termasuk (i) ukuran                          sufficient to give it power, including (i) the size of
             kepemilikan hak suara Perusahaan relatif                           the Company’s holding of voting rights relative to
             terhadap ukuran dan penyebaran kepemilikan                         the size and dispersion of holding of the other vote
             pemilik hak suara lain; (ii) hak suara potensial                   holders; (ii) potential voting rights held by the
             yang dimiliki oleh Perusahaan, pemegang suara                      Company, other vote holders or other parties; (iii)
             lain atau pihak lain; (iii) hak yang timbul dari                   rights     arising     from     other     contractual
             pengaturan kontraktual lain; dan (iv) setiap fakta                 arrangements; and (iv) any additional facts and
             dan keadaan tambahan apapun mengindikasikan                        circumstances that indicate that the Company
             bahwa Perusahaan memiliki, atau tidak memiliki,                    has, or does not have, the current ability to direct
             kemampuan kini untuk mengarahkan aktivitas                         the relevant activities at the time that decisions
             yang relevan pada saat keputusan perlu dibuat,                     need to be made, including voting patterns at
             termasuk pemilikan suara dalam rapat umum                          previous stockholders’ meetings.
             pemegang saham sebelumnya.

             Konsolidasi entitas anak dimulai ketika                            Consolidation of a subsidiary begins when the
             Perusahaan memperoleh pengendalian atas                            Company obtains control over the subsidiary and
             entitas anak dan akan dihentikan ketika                            ceases when the Company loses control of the
             Perusahaan kehilangan pengendalian pada                            subsidiary. Specifically, income and expense of a
             entitas anak. Secara khusus, pendapatan dan                        subsidiary acquired or disposed of during the year
             beban entitas anak diakuisisi atau dijual selama                   are included in the consolidated statements of
             tahun berjalan termasuk dalam laporan laba rugi                    profit or loss and other comprehensive income
             dan penghasilan komprehensif lain konsolidasian                    from the date the Company gains control until the
             dari    tanggal   diperolehnya     pengendalian                    date when the Company ceases to control the
             Perusahaan sampai tanggal ketika Perusahaan                        subsidiary.
             berhenti untuk mengendalikan entitas anak.



                                                                  - 14 -

662
                                                                     Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                  keuangan konsolidasi secara keseluruhan
Page 665
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                               PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                           FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                FOR THE YEARS ENDED
2023 DAN 2022                                                                                       DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                   (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                              unless otherwise stated) - Continued

          Saldo, transaksi, penghasilan dan beban                                         Intragroup balances, transactions, income and
          intrakelompok usaha dieliminasi. Keuntungan                                     expenses are eliminated. Profits and losses
          dan kerugian hasil dari transaksi intrakelompok                                 resulting from intragroup transactions that are
          usaha yang diakui dalam aset juga dieliminasi.                                  recognised in assets are also eliminated. The
          Kebijakan akuntansi entitas anak telah diubah                                   accounting policies of subsidiary have been
          seperlunya untuk memastikan konsistensi                                         amended where necessary to ensure consistency
          penerapan kebijakan oleh Grup.                                                  with the policies adopted by the Group.

          Grup mengatribusikan laba rugi dan setiap                                       The Group attributed the profit or loss and each
          komponen dari penghasilan komprehensif lain                                     component of other comprehensive income to the
          kepada pemilik entitas induk dan kepentingan                                    owners of the parent and noncontrolling interest
          nonpengendali       meskipun        hal tersebut                                even though this results in the noncontrolling
          mengakibatkan kepentingan nonpengendali                                         interests having a deficit balance. The Group
          memiliki saldo defisit. Grup menyajikan                                         presents noncontrolling interest in equity in the
          kepentingan nonpengendali di ekuitas dalam                                      consolidated statement of financial position,
          laporan posisi keuangan konsolidasian, terpisah                                 separately from the equity owners of the parent.
          dari ekuitas pemilik entitas induk.

    d.    Penjabaran Mata Uang Asing                                                 d.   Foreign Currency Translation

         Transaksi dan saldo                                                               Transactions and balances
         Transaksi dalam mata uang asing dijabarkan ke                                     Foreign currency transactions are translated into
         dalam mata uang Rupiah dengan menggunakan                                         Rupiah using the exchange rates prevailing at the
         kurs yang berlaku pada tanggal transaksi. Aset                                    dates of the transactions. Foreign currency
         dan liabilitas moneter dalam mata uang asing                                      monetary assets and liabilities are translated into
         dijabarkan ke dalam mata uang Rupiah dengan                                       Rupiah at the rates of exchange prevailing at end
         menggunakan kurs yang berlaku pada akhir                                          of the the reporting period.
         periode pelaporan.

         Keuntungan dan kerugian selisih kurs yang timbul                                  Foreign exchange gains and losses resulting from
         dari penyelesaian transaksi dalam mata uang                                       the settlement of such transactions and from the
         asing dan dari penjabaran asset dan liabilitas                                    translation at period-end exchange rates of
         moneter dalam mata uang asing secara umum                                         monetary assets and liabilities denominated in
         diakui dalam laporan laba rugi konsolidasian.                                     foreign currencies are generally recognised in the
                                                                                           consolidated profit or loss.

         Kurs yang digunakan pada tanggal laporan posisi                                   As at the consolidated statement of financial
         keuangan konsolidasian, berdasarkan kurs                                          position dates, the exchange rates used, based
         tengah yang diterbitkan Bank Indonesia, adalah                                    on the middle rates published by Bank Indonesia,
         sebagai berikut (dalam Rupiah penuh):                                             were as follows (full Rupiah amount):

                                                               2023                   2022
          Mata uang asing                                                                                Foreign currency
          1 USD                                                    15.416                 15.731         1 USD
          1 EUR                                                    17.140                 16.713         1 EUR

    e.    Transaksi Pihak-pihak Berelasi                                             e.   Transactions with Related Parties

          Pihak-pihak berelasi adalah orang atau entitas                                  A related party is a person or entity that is related
          yang terkait dengan Grup (entitas pelapor):                                     to the Group (the reporting entity):

          (a) Orang atau anggota keluarga terdekat                                        (a)   A person or a close member of that person's
              mempunyai relasi dengan entitas pelapor                                           family is related to a reporting entity if that
              jika orang tersebut:                                                              person:
              i. memiliki          pengendalian      atau                                       i. has control or joint control over the
                   pengendalian bersama atas entitas                                                reporting entity;
                   pelapor;
              ii. memiliki pengaruh signifikan atas                                             ii.    has significant influence over the
                   entitas pelapor; atau                                                               reporting entity; or
              iii. merupakan personil manajemen kunci                                           iii.   is a member of the key management
                   entitas pelapor atau entitas induk dari                                             personnel of the reporting entity or of a
                   entitas pelapor.                                                                    parent of the reporting entity.


                                                                            - 15 -

                                                                                                                                                      663
   The accompanying notes form an integral part of these consolidated financial
                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
   statements as a whole
Page 666
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                       PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                   FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                        FOR THE YEARS ENDED
2023 DAN 2022                                                                               DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                           (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                      unless otherwise stated) - Continued

             (b) Suatu entitas berelasi dengan entitas                            (b)   An entity is related to a reporting entity if
                 pelapor jika memenuhi salah satu hal berikut:                          any of the following conditions applies:
                 i. Entitas dan entitas pelapor adalah                                  i. The entity and the reporting entity are
                       anggota dari kelompok usaha yang                                     members of the same group (which
                       sama (artinya entitas induk, entitas                                 means that each parent, subsidiary and
                       anak, dan entitas anak berikutnya saling                             fellow subsidiary is related to the
                       berelasi dengan entitas lain);                                       others);
                 ii. Satu entitas adalah entitas asosiasi atau                          ii. One entity is an associate or joint
                       ventura bersama dari entitas lain (atau                              venture of the other entity (or an
                       entitas asosiasi atau ventura bersama                                associate or joint venture of a member
                       yang merupakan anggota suatu                                         of a group of which the other entity is a
                       kelompok usaha, yang mana entitas lain                               member);
                       tersebut adalah anggotanya);
                 iii. Kedua entitas tersebut adalah ventura                             iii.Both entities are joint ventures of the
                       bersama dari pihak ketiga yang sama;                                 same third party;
                 iv. Satu entitas adalah ventura bersama                                iv. One entity is a joint venture of a third
                       dari entitas ketiga dan entitas yang lain                            entity and the other entity is an associate
                       adalah entitas asosiasi dari entitas                                 of the third entity;
                       ketiga;
                 v. Entitas tersebut adalah suatu program                               v.     The entity is a post employment benefit
                       imbalan kerja untuk imbalan kerja dari                                  plan for the benefit of employees of
                       salah satu entitas pelapor atau entitas                                 either the reporting entity or an entity
                       yang terkait dengan entitas pelapor. Jika                               related to the reporting entity. If the
                       entitas pelapor adalah entitas yang                                     reporting entity is itself such a plan, the
                       menyelenggarakan program tersebut,                                      sponsoring employers are also related
                       maka entitas sponsor juga berelasi                                      to the reporting entity;
                       dengan entitas pelapor;
                 vi. Entitas       yang    dikendalikan     atau                        vi. The entity is controlled or jointly
                       dikendalikan bersama oleh orang yang                                 controlled by a person identified in (a);
                       diidentifikasi dalam huruf (a);
                 vii. Orang yang diidentifikasi dalam huruf                             vii. A person identified in (a) (i) has
                       (a) (i) memiliki pengaruh signifikan atas                              significant influence over the entity or is
                       entitas atau personil manajemen kunci                                  a member of the key management
                       entitas (atau entitas induk dari entitas);                             personnel of the entity (or of a parent of
                       atau                                                                   the entity); or
                 viii. Entitas, atau anggota dari kelompok                              viii. The entity, or any member of a group of
                       yang mana entitas merupakan bagian                                     which it is a part, provides key
                       dari kelompok tersebut, menyediakan                                    management personnel services to the
                       jasa personil manajemen kunci kepada                                   reporting entity or to the parent of the
                       entitas pelapor atau kepada entitas                                    reporting entity.
                       induk dari entitas pelapor.

             Transaksi signifikan yang dilakukan dengan                           Significant transactions with related parties,
             pihak-pihak berelasi, baik dilakukan dengan                          whether or not made at similar terms and
             kondisi dan persyaratan yang sama dengan pihak                       conditions as those done with third parties, are
             ketiga maupun tidak, diungkapkan pada laporan                        disclosed    in  the    consolidated   financial
             keuangan konsolidasian.                                              statements.

      f.     Instrumen Keuangan                                              f.   Financial Instruments

             Aset keuangan                                                        Financial assets

             Grup mengklasifikasikan aset keuangan dalam                          The Group classifies its financial assets into the
             kategori berikut ini:                                                following categories:
             •   Aset keuangan diukur pada biaya perolehan                        • Financial assets measured at amortized
                 diamortisasi; dan                                                    costs; and
             •   Aset keuangan yang diukur pada nilai wajar                       • Financial assets measured at fair value
                 melalui laba rugi (“FVTPL”) atau melalui                             through profit or loss (“FVTPL”) or through
                 penghasilan komprehensif lain (“FVTOCI”).                            other comprehensive income (“FVTOCI”).

             Klasifikasi ini tergantung pada model bisnis Grup                    The classification depends on the Group’s
             dan persyaratan kontraktual arus kas – apakah                        business model and the contractual terms of the
             penentukan        arus   kasnya   semata      dari                   cash flows when determining whether their cash
             pembayaran pokok dan bunga.                                          flows are solely payment of principal and interest.

                                                                    - 16 -

664
                                                                       Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                    keuangan konsolidasi secara keseluruhan
Page 667
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

           Grup menentukan klasifikasi aset keuangan                                        The Group determines the classification of its
           tersebut pada pengakuan awal. Untuk investasi                                    financial assets at initial recognition. For
           pada instrumen ekuitas yang bukan termasuk                                       investments in equity instruments that are not
           dimiliki untuk diperdagangkan, tergantung                                        held for trading, this will depend on whether the
           apakah Grup telah melakukan pemilihan yang                                       Group has made an irrevocable election at the
           tidak dapat dibatalkan pada saat pengakuan awal                                  time of initial recognition to account for the equity
           untuk instrumen ekuitas yang diukur dengan nilai                                 investment at fair value through other
           wajar melalui penghasilan komprehensif lain.                                     comprehensive income.

           Grup melakukan reklasifikasi instrumen utang                                     The Group reclassifies debt instruments when
           jika dan hanya jika terdapat perubahan model                                     and only when its business model for managing
           bisnis atas aset keuangan tersebut.                                              those assets changes.

           Aset keuangan pada awalnya diakui sebesar nilai                                  Financial assets are initially recognised at fair
           wajar ditambah biaya transaksi yang terkait.                                     value plus related transaction costs. All
           Semua aset keuangan yang diakui selanjutnya                                      recognized financial assets are measured
           diukur secara keseluruhan pada biaya perolehan                                   subsequently in their entirety at either amortized
           yang diamortisasi atau nilai wajar, tergantung                                   cost or fair value, depending on the classification
           pada klasifikasi aset keuangan tersebut.                                         of the financial assets.

           Metode suku bunga efektif adalah metode                                          The effective interest method is a method of
           menghitung biaya perolehan diamortisasi dari                                     calculating the amortized cost of a debt
           instrumen   utang    dan     mengalokasikan                                      instrument and of allocating interest income over
           pendapatan bunga selama periode yang relevan.                                    the relevant period.

           Penurunan nilai aset keuangan                                                    Impairment of financial assets

           Grup mengakui penyisihan kerugian untuk                                          The Group recognizes a loss allowance for
           kerugian kredit ekspektasian (“KKE”) atas                                        expected credit losses (“ECL”) on investments in
           instrumen utang diukur pada biaya perolehan                                      debt instruments that are measured at amortized
           diamortisasi atau pada FVTOCI, piutang sewa,                                     cost or at FVTOCI, lease receivables, contract
           aset kontrak maupun kontrak jaminan keuangan                                     assets as well as on financial guarantee contracts
           dan komitmen pinjaman. Nilai kerugian kredit                                     and loan commitments. The amount of expected
           ekspektasian diperbarui pada tanggal pelaporan                                   credit losses is updated at each reporting date to
           untuk mencerminkan perubahan risiko kredit                                       reflect changes in credit risk since initial
           sejak pengakuan awal masing-masing instrumen                                     recognition of the respective financial instrument.
           keuangan.

           Grup selalu mengakui KKE sepanjang umurnya                                       The Group always recognizes lifetime ECL for
           untuk piutang usaha, aset kontrak dan piutang                                    trade receivable, contract assets and lease
           sewa pembiayaan. Kerugian kredit ekspektasian                                    receivables. The expected credit losses on these
           atas aset keuangan diestimasi menggunakan                                        financial assets are estimated using a provision
           matriks provisi berdasarkan pengalaman                                           matrix based on the Group’s historical credit loss
           kerugian kredit historis Perusahaan, disesuaikan                                 experience, adjusted for factors that are specific
           untuk faktor spesifik debitur, kondisi ekonomi                                   to the debtors, general economic conditions and
           umum serta penilaian atas arah kondisi kini dan                                  an assessment of both the current as well as the
           perkiraan masa depan pada tanggal pelaporan,                                     forecast direction of conditions at the reporting
           termasuk nilai waktu atas uang jika tepat.                                       date, including time value of money where
                                                                                            appropriate.

           Untuk semua instrumen keuangan lainnya, Grup                                     For all other financial instruments, the Group
           mengakui KKE sepanjang umur ketika telah ada                                     recognizes lifetime ECL when there has been a
           peningkatan risiko kredit yang signifikan sejak                                  significant increase in credit risk since initial
           pengakuan awal. Jika, sebaliknya, risiko kredit                                  recognition. If, on the other hand, the credit risk
           pada instrumen keuangan tidak meningkat                                          on the financial instrument has not increased
           secara signifikan sejak pengakuan awal, Grup                                     significantly since initial recognition, the Group
           mengukur penyisihan kerugian untuk instrumen                                     measures the loss allowance for that financial
           keuangan tersebut sejumlah KKE 12 bulan.                                         instrument at an amount equal to 12-month ECL.
           Penilaian apakah KKE sepanjang umur harus                                        The assessment of whether lifetime ECL should
           diakui didasarkan pada peningkatan signifikan                                    be recognized is based on significant increases in
           dalam kemungkinan terjadinya atau pada risiko                                    the likelihood or risk of a default occurring since
           gagal bayar sejak pengakuan awal dan bukan                                       initial recognition instead of on evidence of a
           didasarkan pada bukti aset keuangan yang                                         financial asset being credit impaired at the
           mengalami kerugian kredit pada tanggal                                           reporting date or an actual default occurring.
           pelaporan atau kejadian gagal bayar sebenarnya.


                                                                                - 17 -

                                                                                                                                                  665
 The accompanying notes form an integral part of these consolidated financial
                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 668
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                 PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                             FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                  FOR THE YEARS ENDED
2023 DAN 2022                                                                         DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                     (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                unless otherwise stated) - Continued

        Kerugian kredit ekspektasian sepanjang umur                         Lifetime ECL represents the expected credit
        merupakan kerugian kredit ekspektasian yang                         losses that will result from all possible default
        timbul dari seluruh kemungkinan peristiwa gagal                     events over the expected life of a financial
        bayar selama perkiraan umur instrumen                               instrument. In contrast, 12 month ECL represents
        keuangan. Sebaliknya, KKE 12 bulan mewakili                         the portion of lifetime ECL that is expected to
        porsi KKE sepanjang umur yang timbul dari                           result from default events on a financial
        peristiwa gagal bayar pada instrumen keuangan                       instrument that are possible within 12 months
        yang mungkin terjadi dalam 12 bulan setelah                         after the reporting date.
        tanggal pelaporan.

        Klasifikasi sebagai liabilitas atau ekuitas                         Classification as debt or equity

        Instrumen utang dan ekuitas yang diterbitkan                        Debt and equity instruments issued by the Group
        oleh Grup diklasifikasikan berdasarkan substansi                    are classified as either financial liabilities or as
        perjanjian kontraktual yang disepakati dan                          equity in accordance with the substance of the
        berdasarkan definisi dari liabilitas keuangan dan                   contractual arrangements entered into and the
        instrumen ekuitas.                                                  definitions of a financial liability and an equity
                                                                            instrument.

        Instrumen ekuitas                                                   Equity instruments

        Instrumen utang dan ekuitas yang diterbitkan                        An equity instrument is any contract that
        oleh Grup diklasifikasikan berdasarkan substansi                    evidences a residual interest in the assets of the
        perjanjian kontraktual yang disepakati dan                          Group after deducting all of its liabilities. Equity
        berdasarkan definisi dari liabilitas keuangan dan                   instruments are recorded at the proceeds
        instrumen ekuitas.                                                  received, net of direct issueance costs.

        Liabilitas keuangan                                                 Financial liabilities

        Grup mengklasifikasikan liabilitas keuangan                         The Group's financial liabilities are classified at
        dalam kategori berikut ini: diukur pada nilai wajar                 amortized costs using the effective interest
        melalui laba rugi dan yang diukur pada biaya                        method.
        perolehan diamortisasi.

        Setelah pengakuan awal yaitu sebesar nilai wajar                    After initial recognition which is at fair value plus
        ditambah biaya transaksi, Grup mengukur                             transaction costs, the Group measures all
        seluruh liabilitas keuangan pada biaya perolehan                    financial liabilities at amortized cost using
        diamortisasi dengan menggunakan metode suku                         effective interest rate method. Financial liabilities
        bunga efektif. Liabilitas keuangan dihentikan                       are derecognized when the obligation under the
        pengakuannya pada saat liabilitas tersebut                          liability is discharged, cancelled or has expired.
        dilepaskan, dibatalkan atau kadaluarsa.

        Metode suku bunga efektif adalah metode yang                        The effective interest method is a method of
        digunakan untuk menghitung biaya perolehan                          calculating the amortized cost of a financial
        diamortisasi dari liabilitas keuangan dan metode                    liability and of allocating interest expense over the
        untuk mengalokasikan biaya bunga selama                             relevant period. The effective interest rate is the
        periode yang relevan. Suku bunga efektif adalah                     rate that exactly discounts estimated future cash
        suku bunga yang secara tepat mendiskontokan                         payments (including all fees and points paid or
        estimasi pembayaran kas masa depan                                  received that form an integral part of the effective
        (mencakup seluruh komisi dan bentuk lain yang                       interest rate, transaction costs and other
        dibayarkan dan diterima yang merupakan bagian                       premiums or discounts) through the expected life
        yang tak terpisahkan dari suku bunga efektif,                       of the financial liability, or (where appropriate) a
        biaya transaksi dan premium dan diskonto                            shorter period to the net carrying amount on initial
        lainnya) selama perkiraan umur liabilitas                           recognition.
        keuangan, atau (jika lebih tepat) digunakan
        periode yang lebih singkat untuk memperoleh
        nilai tercatat bersih pada saat pengakuan awal.




                                                              - 18 -

666
                                                                 Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
      PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                              keuangan konsolidasi secara keseluruhan
Page 669
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

       Saling hapus antar instrumen keuangan                                             Offsetting financial instruments

       Aset       keuangan     dan  liabilitas keuangan                                  Financial assets and liabilities are offset and the net
       disalinghapuskan dan jumlah netonya dilaporkan                                    amount is reported in the statement of financial
       pada laporan posisi keuangan ketika terdapat hak                                  position when there is a legally enforceable right to
       yang berkekuatan hukum untuk melakukan saling                                     offset the recognised amounts and there is an
       hapus atas jumlah yang telah diakui tersebut dan                                  intention to settle on a net basis, or realise the asset
       adanya niat untuk menyelesaikan secara neto, atau                                 and settle the liability simultaneously.
       untuk merealisasikan aset dan menyelesaikan
       liabilitas secara bersamaan.

       Hak saling hapus tidak kontinjen atas peristiwa di                                The legally enforceable right must not be contingent
       masa depan dan dapat dipaksakan secara hukum                                      on future events and must be enforceable in the
       dalam situasi bisnis yang normal dan dalam peristiwa                              normal course of business and in the event of default
       gagal bayar, atau peristiwa kepailitan atau                                       in solvency or bankcrupty of the Group or the
       kebangkrutan Grup atau pihak lawan.                                               counterparty.

 g.    Kas dan Setara kas                                                           g.   Cash and Cash Equivalents

       Kas dan setara kas mencakup kas, simpanan yang                                    Cash and cash equivalents include cash in hand,
       sewaktu-waktu bisa dicairkan dan investasi likuid                                 deposits held at call with banks, other short term
       jangka pendek lainnya dengan yang jatuh tempo                                     highly liquid investments with original maturities of
       dalam waktu tiga bulan atau kurang.                                               three months or less.

       Kas dan setara kas yang dibatasi penggunaannya                                    Cash and time deposits, which are restricted in use,
       disajikan   sebagai    “kas     yang    dibatasi                                  are included within “restricted cash”.
       penggunaannya”.

 h.    Piutang Usaha dan Piutang Lain-Lain                                          h.   Trade and Other Receivables

       Piutang usaha adalah jumlah piutang dari pelanggan                                Trade receivables are amounts due from customers
       untuk barang yang dijual atau jasa yang diberikan                                 for goods sold or services rendered in the ordinary
       dalam kegiatan usaha biasa. Piutang lain-lain adalah                              course of business. Other receivables are receivables
       piutang dari transaksi selain penjualan barang dan                                from transactions other than the sale of goods and
       jasa.                                                                             services.

       Piutang usaha dan piutang lain-lain pada awalnya                                  Trade and other receivables are recognised initially at
       diakui sebesar nilai wajar dan selanjutnya diukur                                 fair value and subsequently measured at amortized
       sebesar biaya perolehan yang diamortisasi dengan                                  cost using the effective interest method, unless the
       menggunakan metode bunga efektif, kecuali dampak                                  impact of discounting is not significant, less any
       diskontonya tidak signifikan, dikurangi penyisihan                                provision for impairment.
       untuk penurunan nilai.

 i.    Persediaan                                                                   i.   Inventories

       Persediaan dinyatakan berdasarkan biaya perolehan                                 Inventories are stated at cost or net realizable value,
       atau nilai realisasi bersih, mana yang lebih rendah.                              whichever is lower. Cost is determined using the
       Biaya perolehan ditentukan dengan metode rata-rata                                weighted average method for finished goods and
       tertimbang untuk barang jadi dan barang dalam                                     work-in-progress and using the moving average
       proses serta metode rata-rata bergerak untuk bahan                                method for raw and indirect materials and spare parts.
       baku, penolong dan suku cadang. Harga perolehan                                   The cost of finished goods and work in progress
       barang jadi dan barang dalam proses terdiri dari                                  comprises of raw and indirect materials, direct labor,
       biaya bahan baku, tenaga kerja langsung, biaya-                                   other direct costs and related production overheads.
       biaya langsung lainnya dan biaya overhead yang                                    Net realizable value is the estimated selling price in
       dinyatakan sebesar nilai yang terkait dengan                                      the ordinary course of business, less the estimated
       produksi. Nilai realisasi bersih adalah taksiran harga                            costs of completion and the estimated selling cost
       jual dalam kegiatan usaha dikurangi taksiran biaya                                necessary to make the sale.
       penyelesaian dan taksiran biaya yang diperlukan
       untuk melakukan penjualan.




                                                                                - 19 -

                                                                                                                                                    667
 The accompanying notes form an integral part of these consolidated financial
                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 670
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                  PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                              FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                   FOR THE YEARS ENDED
2023 DAN 2022                                                                          DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                      (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                 unless otherwise stated) - Continued

  j.   Aset Tetap                                                  j.   Fixed Assets

       Hak atas tanah diakui sebesar harga perolehan.                   Land rights are recognized at cost.

       Grup menganalisa fakta dan keadaan untuk masing-                 The Group analyses the facts and circumstances for
       masing jenis hak atas tanah dalam menentukan                     each type of land rights in determining the accounting
       perlakuan akuntansi untuk masing-masing hak atas                 for each of these land rights so that it can accurately
       tanah tersebut sehingga dapat merepresentasikan                  represent an underlying economic event or
       dengan tepat suatu kejadian atau transaksi ekonomi               transaction.
       yang mendasarinya.

       Jika hak atas tanah tidak mengalihkan pengendalian               If the land rights do not transfer control of the
       atas aset kepada Grup, melainkan mengalihkan hak                 underlying assets to the Group, but give the rights to
       untuk menggunakan aset, Grup menerapkan                          use the underlying assets, the Group applies the
       perlakuan akuntansi atas transaksi tersebut sebagai              accounting treatment of these transactions as leases
       sewa berdasarkan PSAK 73 Sewa. Jika hak atas                     under PSAK 73 Leases. If land rights are substantially
       tanah secara substansi menyerupai pembelian                      similar to land purchases, the Group applies PSAK 16
       tanah, Grup menerapkan PSAK 16 Aset Tetap.                       Property, Plant and Equipment.

       Aset tetap yang dimiliki untuk digunakan dalam                   Fixed assets held for use in the production or supply
       produksi atau penyediaan barang atau jasa atau                   of goods or services, or for administrative purposes,
       untuk tujuan administratif dicatat berdasarkan biaya             are stated at cost, less accumulated depreciation and
       perolehan setelah dikurangi akumulasi penyusutan                 any accumulated impairment losses. Historical cost
       dan akumulasi kerugian penurunan nilai. Harga                    includes expenditure that is directly attributable to the
       perolehan termasuk pengeluaran yang dapat                        acquisition of the items. Such cost also includes
       diatribusikan secara langsung atas perolehan aset                estimated costs of dismantling and removing of the
       tersebut. Biaya perolehan juga termasuk estimasi                 item and restoring the site on which the asset is
       biaya pembongkaran, dan pemindahan aset tetap,                   located.
       dan restorasi lokasi aset.

       Biaya-biaya setelah pengakuan awal diakui sebagai                Subsequent costs are included in the asset’s carrying
       bagian nilai tercatat aset atau sebagai aset yang                amount or recognized as a separate asset, as
       terpisah, sebagaimana mestinya, hanya jika                       appropriate, only when it is probable that future
       kemungkinan besar Grup mendapat manfaat                          economic benefits associated with the item will flow to
       ekonomis di masa depan berkenaan dengan aset                     the Group and the cost of the item can be measured
       tersebut dan biaya perolehan aset dapat diukur                   reliably. The carrying amount of replaced part is
       dengan andal. Nilai tercatat dari komponen yang                  derecognized. All other repairs and maintenance are
       diganti   dihapuskan.     Biaya   perbaikan      dan             charged to the profit or loss during the financial period
       pemeliharaan dibebankan ke dalam laba rugi dalam                 in which they are incurred.
       periode keuangan ketika biaya-biaya tersebut terjadi.

       Biaya legal awal untuk mendapatkan hak legal diakui              Initial legal costs incurred to obtain legal rights are
       sebagai bagian biaya akuisisi tanah, biaya-biaya                 recognised as part of the acquisition cost of the land,
       tersebut tidak disusutkan.                                       and these costs are not depreciated.

       Biaya terkait dengan pembaruan hak atas tanah                    Costs related to renewal of land rights are recognized
       diakui sesuai dengan perlakuan akuntansi hak atas                in accordance with the accounting treatment of land
       tanah pada saat transaksi awal.                                  during initial transaction.

       Suku cadang utama dan peralatan siap pakai                       Major spare parts and stand by equipment are
       diklasifikasikan sebagai aset tetap bila diperkirakan            classified as fixed assets when they are expected to
       akan digunakan dalam operasi selama lebih dari satu              be used in operations during more than one year.
       tahun.

       Tanah dinyatakan berdasarkan biaya perolehan dan                 Land is stated at cost and not depreciated.
       tidak disusutkan.




                                                               - 20 -

668
                                                                  Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                               keuangan konsolidasi secara keseluruhan
Page 671
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                               PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                           FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                FOR THE YEARS ENDED
2023 DAN 2022                                                                                       DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                   (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                              unless otherwise stated) - Continued

    Penyusutan (selain tanah pertambangan) dihitung                                  Depreciation (except for mining properties) is
    menggunakan     metode     garis  lurus   setelah                                calculated using the straight line method after
    memperhitungkan nilai residu berdasarkan taksiran                                calculating the residual value based on the estimated
    masa manfaat ekonomis aset tetap sebagai berikut                                 useful lives of the assets as follows:

                                                                      Tahun/Years

    Bangunan dan infrastruktur                                            15 - 50          Buildings and infrastructures
    Mesin                                                                  2 - 50          Machinery
    Peralatan berat dan kendaraan                                          4 - 30          Heavy equipment and vehicles
    Peralatan kantor                                                       2-8             Office equipments

    Pada tahun 2023, Grup telah mengubah metode                                      In 2023, the Group has changed its depreciation
    penyusutan mesin dari metode unit produksi menjadi                               method for machineries from unit of production
    metode garis lurus. Perubahan estimasi akuntansi ini                             method to straight line method. The change in this
    menyebabkan beban penyusutan tahun berjalan                                      accounting estimate has increased the depreciation
    meningkat sebesar Rp37.080.342                                                   expense in the current year by Rp37,080,342

    Tanah      pertambangan  dideplesi   dengan                                      Mining properties are depleted using the unit
    menggunakan metode unit produksi berdasarkan                                     of production method based on estimated reserves.
    estimasi cadangan.

    Nilai tercatat dari suatu aset tetap dihentikan                                  The carrying amount of an item of fixed assets is
    pengakuannya       pada      saat     penghentian                                derecognized when the termination of its use since
    pemakaiannya karena tidak terdapat lagi manfaat                                  there is no future economic benefits. Any gain or loss
    ekonomis masa depan. Keuntungan atau kerugian                                    arising from derecognition is presented in
    yang timbul dari penghentian pengakuan tersebut                                  consolidated statements of profit or loss and other
    disajikan dalam laporan laba rugi dan penghasilan                                comprehensive income.
    komprehensif lain.
    Pada setiap akhir tahun, Grup melakukan reviu atas                               At the end of each year, the Group made regular
    masa manfaat, nilai residu, metode penyusutan, dan                               review of the useful lives, residual values,
    sisa umur pemakaian berdasarkan kondisi teknis dan                               depreciation method and residual life based on the
    ekonomisnya untuk menentukan adanya penurunan                                    technical and economic conditions to determine the
    nilai aset tetap.                                                                impairment of fixed assets.

    Akumulasi biaya konstruksi bangunan, jalan,                                      The accumulated costs of the construction of
    jembatan, pelabuhan, pembangkit tenaga listrik dan                               buildings, roads, bridges, harbors, power and cement
    pabrik semen serta pemasangan mesin dikapitalisasi                               plants and the installation of machinery are
    sebagai aset dalam pembangunan. Biaya bunga dan                                  capitalized as construction in progress. Interest and
    biaya pinjaman lain, seperti pinjaman yang                                       other borrowing costs, such as fees on loans used in
    digunakan untuk mendanai proses pembangunan                                      financing the construction of a qualifying asset, are
    aset tertentu, dikapitalisasi sampai dengan saat                                 capitalized up to the date when the construction is
    proses pembangunan tersebut selesai. Biaya-biaya                                 completed. These costs are reclassified into fixed
    ini direklasifikasi ke akun aset tetap pada saat proses                          asset accounts when the construction or installation
    konstruksi atau pemasangan selesai. Penyusutan                                   is complete. Depreciation of an asset begins when it
    aset dimulai pada saat aset tersebut siap untuk                                  is available for use, i.e. when it is in the location and
    digunakan, yaitu pada saat aset tersebut berada                                  condition necessary for it to be capable of operating
    pada lokasi dan kondisi yang diinginkan agar aset                                in the manner intended by management.
    siap digunakan sesuai dengan keinginan dan
    maksud manajemen.




                                                                            - 21 -

                                                                                                                                                   669
    The accompanying notes form an integral part of these consolidated financial
                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
    statements as a whole
Page 672
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                    PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                     FOR THE YEARS ENDED
2023 DAN 2022                                                                            DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                        (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                   unless otherwise stated) - Continued

  k. Aset Takberwujud                                                k. Intangible Assets

      Aset takberwujud diakui jika kemungkinan besar                      Intangible assets are recognized when it is probable
      Grup akan memperoleh manfaat ekonomis masa                          that the Group will obtain future economic benefits
      depan dari aset takberwujud tersebut dan biaya                      from the intangible asset and the cost of the asset can
      perolehan aset tersebut dapat diukur secara andal.                  be measured reliably.

      Aset takberwujud dicatat berdasarkan biaya                          Intangible assets are recorded at cost less
      perolehan dikurangi akumulasi amortisasi dan rugi                   accumulated amortization and impairment losses, if
      penurunan nilai, apabila ada. Aset takberwujud                      any. Intangible assets are amortized over their
      diamortisasi selama estimasi masa manfaatnya.                       estimated useful lives. The Group estimates the
      Grup mengestimasi nilai yang dapat diperoleh                        recoverable value of the intangible assets. If the
      kembali dari aset takberwujud. Apabila nilai tercatat               carrying amount of an intangible asset exceeds the
      aset takberwujud melebihi estimasi nilai yang dapat                 estimated recoverable amount, the carrying amount of
      diperoleh kembali, nilai tercatat aset tersebut                     the asset is reduced to the estimated recoverable
      diturunkan menjadi sebesar estimasi jumlah                          amount.
      terpulihkan.

      Aset takberwujud di bawah ini diamortisasi dengan                   The intangible assets below are amortized using the
      menggunakan metode garis lurus berdasarkan                          straight line method based on the estimated useful
      estimasi masa manfaat aset takberwujud sebagai                      lives of the intangible assets as follows:
      berikut:

                                                            Masa manfaat/Usefulness

      Piranti perangkat lunak                                   3-5 tahun/years               Computer software
      Lisensi                                                   2-5 tahun/years               License
      Aset takberwujud lainnya                                 20-30 tahun/years              Other intangible assets

      Aset takberwujud dihentikan pengakuannya ketika                     Intangible assets are derecognized when the asset is
      aset tersebut dilepaskan atau ketika tidak terdapat                 disposed of or when no future economic benefits are
      lagi manfaat ekonomis masa depan yang diharapkan                    expected from the use or disposal of the asset. The
      dari penggunaan atau pelepasan aset tersebut.                       difference in the statement between the carrying
      Selisih dalam laporan antara nilai tercatat aset                    amount of the asset and the net proceeds received
      dengan hasil neto yang diterima dari pelepasannya                   from its disposal is recognized in the consolidated
      diakui dalam laporan laba rugi dan penghasilan                      statements of profit or loss and other comprehensive
      komprehensif lain konsolidasian.                                    income.

 l.   Penurunan Nilai Aset                                           l.   Impairment of Assets

      Pada setiap akhir periode pelaporan, Grup menilai                   At the end of each reporting period, the Group assess
      apakah terdapat indikasi bahwa aset mengalami                       whether there is any indication that an asset may be
      penurunan nilai. Jika terdapat indikasi tersebut, Grup              impaired. If any such indication exists, the Group shall
      mengestimasi jumlah terpulihkan dari aset tersebut.                 estimate the recoverable amount of the asset.
      Jumlah yang terpulihkan ditentukan untuk setiap aset                Recoverable amount is determined for an individual
      secara individual, dan jika hal ini tidak dimungkinkan,             asset, if its is not possible, the Group determines the
      Grup menentukan jumlah terpulihkan dari unit                        recoverable amount of the asset’s cash generating
      penghasil kas aset tersebut.                                        unit.

      Jumlah terpulihkan adalah jumlah yang lebih tinggi                  The recoverable amount is the higher of fair value
      antara nilai wajar dikurangi biaya pelepasan                        less costs to sell and its value in use. Value in use is
      dibandingkan dengan nilai pakainya. Nilai pakai                     the present value of the estimated future cash flows
      adalah nilai kini dari arus kas yang diharapkan akan                of the asset or cash generating unit. Present values
      diterima dari aset atau unit penghasil kas yang                     are computed using pre tax discount rates that reflect
      bersangkutan.      Nilai    kini   dihitung   dengan                the time value of money and the risks specific to the
      menggunakan tingkat diskonto sebelum pajak yang                     asset or cash generating unit of the assets.
      mencerminkan nilai waktu uang dan risiko spesifik
      atas aset atau unit penghasil kas aset tersebut.

      Jika jumlah terpulihkan suatu aset lebih kecil dari                 If the recoverable amount of an asset is less than its
      jumlah tercatatnya, jumlah tercatat aset diturunkan                 carrying amount, the carrying amount of the asset
      menjadi sebesar jumlah terpulihkannya. Penurunan                    shall be reduced to its recoverable amount. The
      tersebut segera diakui dalam laba rugi.                             reduction is recognized immediately in profit or loss.

                                                                 - 22 -

  670
                                                                          Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
             PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                       keuangan konsolidasi secara keseluruhan
Page 673
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

      Rugi penurunan nilai yang telah diakui dalam periode                               An impairment loss recognized in prior period for an
      sebelumnya, selain goodwill, akan dikembalikan jika                                asset other than goodwill is reversed if there has been
      terdapat perubahan estimasi yang digunakan dalam                                   a change in the estimates used to determine the
      menentukan jumlah terpulihkan aset tersebut sejak                                  asset’s recoverable amount since the last impairment
      rugi penurunan nilai yang terakhir diakui. Jika hal ini                            loss was recognized. If this is the case, the carrying
      yang terjadi, jumlah tercatat aset tersebut dinaikkan                              amount of the asset shall be increased to its
      ke jumlah terpulihkannya. Kenaikan ini merupakan                                   recoverable amount. That increase is a reversal of an
      pembalikan dari rugi penurunan nilai sebelumnya.                                   impairment loss.

 m. Pajak Penghasilan                                                               m. Income Tax

      Manfaat atau beban pajak adalah jumlah                                             Tax benefit or expense are the aggregate amount
      keseluruhan pajak penghasilan baik kini maupun                                     included in the determination of profit or loss for the
      tangguhan yang diperhitungkan dalam menentukan                                     period in respect of current tax and deferred tax.
      laba rugi untuk suatu periode. Pajak kini dan pajak                                Current tax and deferred tax is recognized in profit or
      tangguhan diakui dalam laporan laba rugi, kecuali                                  loss, except for income tax arising from transactions
      pajak penghasilan yang timbul dari transaksi atau                                  or events that are recognized in other comprehensive
      peristiwa     yang     diakui    dalam     penghasilan                             income or directly in equity. In this case, the tax is
      komprehensif lain atau secara langsung di ekuitas.                                 recognized in other comprehensive income or equity,
      Jika hal ini yang terjadi, pajak tersebut diakui dalam                             respectively.
      penghasilan komprehensif lain atau ekuitas.

      Jumlah pajak kini untuk periode berjalan dan periode                               Current tax for current and prior periods shall, to the
      sebelumnya yang belum dibayar diakui sebagai                                       extent unpaid, be recognized as a liability. If the
      liabilitas. Jika jumlah pajak yang telah dibayar untuk                             amount already paid in respect of current and prior
      periode berjalan dan periode-periode sebelumnya                                    periods exceeds the amount due for those periods,
      melebihi jumlah pajak yang terutang, maka                                          the excess shall be recognized as an asset. Current
      kelebihannya diakui sebagai aset. Liabilitas atau aset                             tax liabilities or assets for the current and prior periods
      pajak kini untuk periode berjalan dan periode                                      shall be measured at the amount expected to be paid
      sebelumnya diukur dengan jumlah yang diperkirakan                                  to or recovered from the taxation authorities, using tax
      akan dibayar kepada atau direstitusi dari otoritas                                 rates that have been enacted or substantively
      perpajakan, yang dihitung dengan menggunakan tarif                                 enacted by the end of the reporting period.
      pajak yang berlaku.

      Manfaat terkait dengan rugi pajak yang dapat ditarik                               Tax benefits relating to tax loss that can be carried
      untuk memulihkan pajak kini dari periode                                           back to recover current tax of a previous periods is
      sebelumnya diakui sebagai aset. Aset pajak                                         recognized as an asset. Deferred tax asset is
      tangguhan diakui untuk akumulasi rugi pajak belum                                  recognized for the carry forward of unused tax losses
      dikompensasi dan kredit pajak belum dimanfaatkan                                   and unused tax credit to the extent that it is probable
      sepanjang kemungkinan besar laba kena pajak masa                                   that future taxable profit will be available against
      depan akan tersedia untuk dimanfaatkan dengan rugi                                 which the unused tax losses and unused tax credits
      pajak belum dikompensasi dan kredit pajak belum                                    can be utilized.
      dimanfaatkan.

      Aset pajak tangguhan diakui untuk seluruh                                          A deferred tax asset shall be recognized for all
      perbedaan temporer yang dapat dikurangkan                                          deductible temporary differences to the extent that it
      sepanjang kemungkinan besar laba kena pajak akan                                   is probable that taxable profit will be available to be
      tersedia untuk dimanfaatkan, kecuali jika aset pajak                               utilized, unless the deferred tax asset arises from the
      tangguhan itu timbul dari pengakuan awal aset atau                                 initial recognition of an asset or liability in a
      pengakuan awal liabilitas dalam transaksi yang                                     transaction that is not a business combination and at
      bukan kombinasi bisnis dan pada saat transaksi tidak                               the time of the transaction affects neither accounting
      mempengaruhi laba akuntansi atau laba kena pajak                                   profit nor taxable profit or tax loss.
      atau rugi pajak.

      Liabilitas pajak tangguhan diakui untuk semua                                      A deferred tax liability shall be recognized for all
      perbedaan temporer kena pajak, kecuali perbedaan                                   taxable temporary differences, except to the extent
      temporer kena pajak yang berasal dari:                                             that the deferred tax liability arises from:

      a) Pengakuan awal goodwill; atau                                                   a) The initial recognition of goodwill; or
      b) Pengakuan awal aset atau liabilitas dari transaksi                              b) The initial recognition of an asset or liability in a
         yang bukan kombinasi bisnis dan yang pada saat                                     transaction which is not a business combination
         transaksi tidak mempengaruhi laba akuntansi,                                       and at the time of the transaction, affects neither
         atau laba kena pajak atau rugi pajak.                                              accounting profit nor taxable profit or tax loss.


                                                                                - 23 -

                                                                                                                                                    671
 The accompanying notes form an integral part of these consolidated financial
                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 674
 PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                  PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
 CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
 KONSOLIDASIAN DAN ENTITAS ANAK                                                              FINANCIAL STATEMENTS
 UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                   FOR THE YEARS ENDED
 2023 DAN 2022                                                                          DECEMBER 31, 2023 AND 2022
 (Dinyatakan dalam ribuan Rupiah,                                                      (Expressed in thousand of Rupiah,
 kecuali dinyatakan lain) - Lanjutan                                                 unless otherwise stated) - Continued

       Aset dan liabilitas pajak tangguhan diukur dengan                 Deferred tax assets and liabilities are measured at the
       menggunakan tarif pajak yang diharapkan berlaku                   tax rates that are expected to apply to the period when
       ketika aset itu dipulihkan atau pada saat liabilitas              the asset is realized or the liability is settled, that have
       diselesaikan, berdasarkan tarif pajak yang berlaku                been enacted, or substantively enacted, by the end of
       pada akhir periode pelaporan.                                     the reporting period.

       Jumlah tercatat aset pajak tangguhan direviu pada                 The carrying amount of a deferred tax asset reviewed
       setiap akhir periode pelaporan untuk memastikan                   at the end of each reporting period to ensure that the
       bahwa tersedia jumlah pajak penghasilan dari laba                 available amount of income tax of future taxable
       kena pajak masa depan dalam jumlah yang memadai                   income is sufficient to compensate the carrying
       untuk mengkompensasi jumlah tercatat aset pajak                   amount of deferred tax assets.
       tangguhan.

       Grup melakukan saling hapus atas aset pajak                       The Group offsets deferred tax assets and deferred
       tangguhan dan liabilitas pajak tangguhan serta aset               tax liabilities and current tax assets and current tax
       pajak kini dan liabilitas pajak kini, jika Grup:                  liabilities if the Group:

       a) Memiliki hak yang dapat dipaksakan secara                      a) Has legally enforceable right to set off the
          hukum untuk melakukan saling hapus atas jumlah                    recognized amounts; and
          yang diakui; dan

       b) Bermaksud untuk menyelesaikan dengan dasar                     b) Intends either to settle on a net basis, or to realize
          neto atau merealisasikan aset dan menyelesaikan                   the assets and settle liabilities simultaneously.
          liabilitas secara bersamaan. Sedangkan untuk                      Whereas for deferred tax assets and liabilities if
          aset dan liabilitas pajak tangguhan jika dikenakan                levied by the same taxation authority, both the
          oleh otoritas pajak yang sama, baik atas entitas                  same taxable entity or different taxable entities.
          kena pajak yang sama ataupun berbeda.

  n.   Imbalan Kerja                                                n.   Employee Benefit

       Imbalan kerja jangka pendek                                       Short term employee benefits

       Imbalan kerja jangka pendek diakui ketika seorang                 Short term employee benefits are recognized when
       karyawan telah bekerja dalam suatu periode                        an employee has rendered service during accounting
       akuntansi. Jumlah imbalan kerjanya diukur                         period. The amount of employee benefits is
       berdasarkan nilai nominal tanpa memperhitungkan                   measured at the nominal amount without calculating
       nilai tunainya.                                                   the cash value.

       Imbalan kerja jangka pendek mencakup antara lain                  Short term employee benefits include such as wages,
       upah, gaji, bonus, dan insentif.                                  salaries, bonus, and incentive.

       Imbalan pascakerja                                                Post employment benefits

       Imbalan pascakerja seperti pensiun, uang pisah dan                Post employment benefits such as retirement,
       uang penghargaan masa kerja dihitung berdasarkan                  severance and service payments are calculated
       Undang-Undang Cipta Kerja No. 11 Tahun 2020                       based on Omnibus Law on Job Creation No. 11 Year
       tanggal 2 November 2020.                                          2020 dated November 2, 2020.

       Jumlah Imbalan Kerja Jangka Pendek dan                            The amount of short term and post employment
       Pascakerja diakui dan diukur dengan mengacu pada                  employee benefits are recognized and measured with
       PSAK 24 tentang Imbalan Kerja.                                    reference to PSAK 24 on Employee Benefits.

       Grup memiliki program imbalan pascakerja imbalan                  The Group has defined post employment benefits and
       pasti dan iuran pasti. Grup mengakui jumlah liabilitas            defined contribution plans. The Group recognizes the
       imbalan dan iuran pasti neto sebesar nilai kini                   amount of the net defined benefit liability at the
       kewajiban imbalan pasti pada akhir periode                        present value of the defined benefit obligation at the
       pelaporan dikurangi dengan nilai wajar aset program               end of the reporting period less the fair value of plan
       yang dihitung oleh aktuaris independen dengan                     assets which calculated by independent actuaries
       menggunakan metode Projected Unit Credit. Nilai                   using the Projected Unit Credit method. Present value
       kini kewajiban imbalan pasti ditentukan dengan                    benefit obligation determined by discounting the
       mendiskontokan imbalan tersebut.                                  benefit.




                                                                - 24 -

672
                                                                  Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                               keuangan konsolidasi secara keseluruhan
Page 675
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

      Biaya jasa kini, biaya jasa lalu dan keuntungan atau                               Current service cost, past service cost and gain or
      kerugian pada saat penyelesaian, termasuk biaya                                    loss on settlement, and net interest on the net defined
      bunga atas liabilitas imbalan pasti diakui dalam                                   benefit liability are recognized in profit or loss.
      laporan laba rugi.

      Pengukuran kembali atas liabilitas imbalan pasti                                   The remeasurement of the net defined benefit liability
      yang terdiri dari keuntungan atau kerugian aktuarial,                              comprises actuarial gains and losses, the return on
      imbal hasil atas aset program dan setiap perubahan                                 plan assets, and any change in effect of the asset
      dampak batas atas aset diakui sebagai penghasilan                                  ceiling are recognized in other comprehensive
      komprehensif lain.                                                                 income.

      Pada bulan April 2022, Dewan Standar Akuntansi                                     In April 2022, the Indonesian Financial Accounting
      Keuangan Ikatan Akuntan Indonesia (DSAK-IAI)                                       Standards Board of the Institute of Indonesia
      menerbitkan siaran pers dan mengklarifikasi                                        Chartered Accountants (DSAK-IAI) has issued a
      pengatribusian imbalan pada periode jasa untuk                                     press release and clarified the attribution of benefit to
      program     pensiun    berbasis   Undang-Undang                                    the periods of service for the pension program under
      Ketenagakerjaan atau Undang-Undang Cipta Kerja                                     the Manpower Act or the Job Creation Law and its
      beserta      peraturan      pelaksanaan     (UU                                    implementing regulations (Manpower Act).
      Ketenagakerjaan).

      Pesangon                                                                           Termination benefits

      Pesangon pemutusan hubungan kerja terutang                                         Termination benefits are payable when the Group
      ketika Grup memberhentikan hubungan tersebut                                       terminates the relationship before the normal
      sebelum usia pensiun normal yaitu ketika seorang                                   retirement age when an employee submits voluntary
      karyawan mengajukan pengunduran diri dengan                                        resignation and the Group receives it or when the
      sukarela dan Grup menerimanya atau pada waktu                                      Group terminates the employment relationship due to
      Grup memutuskan hubungan kerja karena                                              restructuring    accompanied        by    severance
      restrukturisasi yang disertai dengan kompensasi                                    compensation benefits. Termination benefits are
      imbalan pesangon. Pesangon pemutusan hubungan                                      recognized when that which is faster between when
      kerja diakui saat yang mana yang lebih cepat antara                                the Group is accepting submissions for the
      ketika Grup menerima pengajuan pengunduran diri                                    resignation of the employee and when the Group
      karyawan dan ketika Grup mengakui biaya                                            recognizes the restructuring costs are concerned.
      restrukturisasi yang bersangkutan.

      Pada kasus dimana suatu penawaran diajukan agar                                    In cases where an offer is submitted for employees to
      karyawan mengundurkan diri secara sukarela,                                        voluntarily resign, termination benefits are measured
      pesangon pemutusan hubungan kerja diukur                                           based on the number of employees expected to
      berdasarkan jumlah karyawan yang diharapkan                                        receive the offer. Rewards due more than twelve
      menerima penawaran tersebut. Imbalan yang jatuh                                    months after the reporting period are discounted to
      tempo lebih dari dua belas bulan setelah periode                                   present value.
      pelaporan didiskontokan ke nilai masa kini.

      Liabilitas imbalan kerja jangka panjang lainnya                                    Other long term employee benefits liability

      Grup memberikan imbalan kerja jangka panjang                                       The Group provides other long term employee
      lainnya. Pengukuran liabilitas imbalan kerja jangka                                benefits. The measurement of other long term
      panjang lainnya konsisten dengan pengukuran                                        employee benefit liabilities is consistent with the
      liabilitas imbalan pascakerja kecuali untuk                                        measurement of post employment benefit liabilities
      keuntungan/kerugian aktuaria atas liabilitas imbalan                               except for actuarial gain/loss in other long term
      kerja jangka panjang lainnya diakui pada laba rugi.                                employee benefit liability is recognized on profit or
                                                                                         loss.

 o.   Provisi                                                                       o. Provision

      Provisi diakui ketika Grup memiliki kewajiban kini                                 Provisions are recognized when the Group has a
      (baik bersifat hukum maupun bersifat konstruktif)                                  present obligation (legal or constructive) as a result
      sebagai akibat peristiwa masa lalu, kemungkinan                                    of a past event, it is probable that the Group will be
      besar Grup diharuskan menyelesaikan kewajiban                                      required to settle the obligation, and a reliable
      dan estimasi yang andal mengenai jumlah kewajiban                                  estimate can be made of the amount of the obligation.
      tersebut dapat dibuat.




                                                                                - 25 -

                                                                                                                                                   673
 The accompanying notes form an integral part of these consolidated financial
                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 676
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                     PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                 FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                      FOR THE YEARS ENDED
2023 DAN 2022                                                                             DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                         (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                    unless otherwise stated) - Continued

       Jumlah yang diakui sebagai provisi adalah hasil                      The amount recognized as a provision is the best
       estimasi terbaik pengeluaran yang diperlukan untuk                   estimate of the consideration required to settle the
       menyelesaikan kewajiban kini pada akhir periode                      present obligation at the end of the reporting period,
       pelaporan, dengan mempertimbangkan risiko dan                        taking into account the risks and uncertainties
       ketidakpastian yang meliputi kewajibannya.                           surrounding the obligation.

       Apabila suatu provisi diukur menggunakan arus kas                    Where a provision is measured using the cash flows
       yang diperkirakan untuk menyelesaikan kewajiban                      estimated to settle the present obligation, its carrying
       kini, maka nilai tercatatnya adalah nilai kini dari arus             amount is the present value of those cash flows
       kas (ketika pengaruh nilai waktu uang bersifat                       (when the effect of time value of money is material.
       material).

       Ketika beberapa atau seluruh manfaat ekonomi                         When some or all of the economic benefits required
       untuk penyelesaian provisi yang diharapkan dapat                     to settle a provision are expected to be recovered
       dipulihkan dari pihak ketiga, piutang diakui sebagai                 from a third party, a receivable is recognized as an
       aset apabila terdapat kepastian bahwa penggantian                    asset if it is virtually certain that reimbursement will
       akan diterima dan jumlah piutang dapat diukur                        be received and the amount of the receivable can be
       secara andal.                                                        measured reliably.

       Provisi restorasi                                                    Restoration provisions

       Provisi atas biaya untuk memulihkan aset pabrik                      Provisions for the costs to restore leased plant assets
       yang disewa ke kondisi semula, sebagaimana                           to their original condition, as required by the terms
       disyaratkan oleh syarat dan ketentuan sewa, diakui                   and conditions of the lease, are recognised when the
       ketika kewajiban terjadi, yaitu ketika tanggal                       obligation is incurred, either at the commencement
       permulaan atau sebagai akibat dari penggunaan aset                   date or as a consequence of having used the
       pendasar pada periode sewa tertentu, dengan                          underlying asset during a particular period of the
       estimasi terbaik direksi atas pengeluaran yang                       lease, at the directors’ best estimate of the
       disyaratkan untuk memulihkan aset tersebut.                          expenditure that would be required to restore the
       Estimasi direviu secara teratur dan disesuaikan                      assets. Estimates are regularly reviewed and
       berdasarkan kondisi-kondisi baru yang sesuai.                        adjusted as appropriate for new circumstances.

       Rehabilitasi dan restorasi tanah tambang                             Quarry rehabilitation and restoration

       Provisi atas rehabilitasi dan restorasi tanah tambang                The provision for quarry rehabilitation and restoration
       ditentukan berdasarkan ketentuan dan peraturan                       is based principally on legal and regulatory
       yang berlaku. Provisi tersebut dinilai kembali secara                requirements. The provision is reassessed regularly
       rutin dan dampak perubahannya diakui secara                          and the effects of change are recognised
       prospektif.                                                          prospectively.

       Rehabilitasi dan restorasi tanah tambang yang                        Quarry rehabilitation and restoration at the Group
       dilaksanakan Grup mencakup namun tidak terbatas                      includes, but is not limited to, top soil replacement,
       pada penggantian tanah bagian atas, pengerukan                       dredging of sediment ponds and dams, water quality
       endapan pada kolam dan bendungan, pengawasan                         control, waste handling, forest planting, and seeding.
       kualitas air, pengolahan limbah, penanaman kembali,
       dan pembibitan tanaman hutan.

  p.   Utang Usaha dan Utang Lain-lain                                p. Trade and Other Payable

       Utang usaha adalah kewajiban untuk membayar                          Trade payables are obligations to pay for goods or
       barang atau jasa yang dibeli dalam kegiatan usaha                    services that have been acquired in the ordinary
       biasa dari pemasok.                                                  course of business from suppliers.

       Utang lain-lain utamanya mempresentasikam utang                     Other payables primarily represent payables for
       ataspembelian aset tetap dan transaksi penyedia                     purchase of fixed assets and transaction services
       jasa untuk proyek.                                                  for the project.

       Utang usaha dan utang lain-lain pada awalnya                        Trade and other payables are recognized initially at
       diakui sebesar nilai wajar dan selanjutnya diukur                   fair value and subsequently measured at amortized
       sebesar biaya perolehan yang diamortisasi dengan                    cost using the effective interest method, unless the
       menggunakan metode bunga efektif, kecuali                           impact of discounting is not significant.
       dampak diskontonya tidak signifikan.



                                                                  - 26 -

674
                                                                     Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                  keuangan konsolidasi secara keseluruhan
Page 677
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

       Grup mengadakan perjanjian supplier financing                                     The Group enters into supplier financing
       dengan bank, di mana bank setuju untuk                                            agreements with banks, whereby the banks agree to
       memberikan pelunasan lebih cepat atas utang                                       provide early payment of the Group's trade payables
       usaha Grup kepada pemasok atas faktur yang                                        to the supplier in respect of invoice selected by the
       dipilih oleh pemasok.                                                             supplier.

 q.    Pengakuan Pendapatan dan Beban                                              q.    Revenues and Expenses Recognition

       Pendapatan diukur pada nilai wajar pembayaran                                     Revenue is measured at the fair value of the
       yang diterima atau dapat diterima dari penjualan                                  consideration received or receivable for the sale of
       barang atau penyerahan jasa, tidak termasuk diskon,                               goods and rendering services, excluding discounts,
       rabat dan Pajak Pertambahan Nilai (PPN).                                          rebates and Value Added Tax (VAT).

       Pendapatan dari kontrak dengan pelanggan                                          Revenue from contracts with customers

       Perusahaan mengakui pendapatan sesuai dengan                                      The Company recognizes revenues in accordance
       PSAK 72, “Pendapatan dari Kontrak dengan                                          with PSAK 72, “Revenue from Contracts with
       Pelanggan”, dengan melakukan analisis transaksi                                   Customers”, by performing transaction analysis
       melalui metode lima langkah pengakuan pendapatan                                  through the five steps of income recognition model as
       sebagai berikut:                                                                  follows:

       1. Identifikasi   kontrak     dengan     pelanggan                                1.   Identify contract(s) with a customer with
          dengan kriteria sebagai berikut;                                                    certain criteria as follows:
          - Kontrak telah disetujui oleh pihak pihak                                          - The contract has been agreed by the parties
             terkait dalam kontrak                                                               involved in the contract
          - Grup bisa mengidentifikasi hak dari pihak-                                        - The Group can identify the rights of relevant
             pihak terkait dan jangka waktu pembayaran                                           parties and the term of payment for the goods
             dari barang atau jasa yang akan dialihkan                                           or services to be transferred
          - Kontrak memiliki substansi komersial                                              - The contract has commercial substance
          - Besar kemungkinan entitas akan menerima                                           - It is probable that the entity will receive
             imbalan atas barang atau jasa yang dialihkan.                                       consideration for the goods or services
                                                                                                 transferred.

       2. Identifikasi kewajiban pelaksanaan dalam                                       2.   Identify the performance obligations in the
          kontrak. Kewajiban pelaksanaan merupakan janji-                                     contract. Performance obligations are promises
          janji dalam kontrak untuk menyerahkan barang                                        in a contract to transfer to a customer goods or
          atau jasa yang memiliki karakteristik berbeda ke                                    services that are distinct.
          pelanggan.

      3. Penetapan harga transaksi. Harga transaksi                                      3.   Determine the transaction price. Transaction
         merupakan jumlah imbalan yang berhak diperoleh                                       price is the amount of consideration to which an
         suatu entitas sebagai kompensasi atas                                                entity expects to be entitled in exchange for
         diserahkannya barang atau jasa yang dijanjikan                                       transferring promised goods or services to a
         ke pelanggan Jika imbalan yang dijanjikan di                                         customer. If the consideration promised in a
         kontrak mengandung suatu jumlah yang bersifat                                        contract includes a variable amount, the Group
         variabel, Grup membuat estimasi jumlah imbalan                                       estimates the amount of consideration to which
         tersebut sebesar jumlah yang diharapkan berhak                                       it expects to be entitled in exchange for
         diterima atas diserahkannya barang atau jasa                                         transferring the promised goods or services to a
         yang dijanjikan ke pelanggan dikurangi dengan                                        customer less the estimated amount of service
         estimasi jumlah jaminan kinerja jasa yang akan                                       level guarantee which will be paid during the
         dibayarkan selama periode kontrak.                                                   contract period.




                                                                                - 27 -

                                                                                                                                                  675
 The accompanying notes form an integral part of these consolidated financial
                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 678
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                  unless otherwise stated) - Continued

      4. Alokasi harga transaksi ke setiap kewajiban                      4.   Allocate the transaction price to each
         pelaksanaan dengan menggunakan dasar harga                            performance obligation based on the relative
         jual berdiri sendiri relatif dari setiap barang atau                  stand-alone selling prices of each distinct goods
         jasa berbeda yang dijanjikan di kontrak. Ketika                       or services promised in the contract. Where
         tidak dapat diamati secara langsung, harga jual                       these are not directly observable, the relative
         berdiri sendiri relatif diperkirakan berdasarkan                      standalone selling price are estimated based on
         biaya yang diharapkan ditambah marjin.                                expected cost-plus margin.
      5. Pengakuan       pendapatan ketika          kewajiban             5.   Recognize      revenue       when     performance
         pelaksanaan telah dipenuhi dengan menyerahkan                         obligation is satisfied by transferring a promised
         barang atau jasa yang dijanjikan ke pelanggan                         goods or services to a customer (which is when
         (ketika pelanggan telah memiliki kendali atas                         the customer obtains control of that goods or
         barang atau jasa tersebut).                                           services).

      Pendapatan dari penjualan barang diakui ketika                     Revenue from sales of goods is recognized when
      pengendalian dialihkan kepada pelanggan. Terdapat                  control transfers to the customer. There may be
      kondisi  di    mana      pertimbangan     diperlukan               circumstances when judgement is required based on
      berdasarkan lima indikator pengendalian di bawah ini:              the five indicators of control below:

      1. Pelanggan telah memiliki risiko dan manfaat                      1.   The customer has the significant risks and
         signifikan atas kepemilikan aset dan memperoleh                       rewards of ownership and has the ability to direct
         kemampuan untuk mengarahkan penggunaan                                the use of, and obtain substantially all of the
         atas, dan memperoleh secara substansial seluruh                       remaining benefits from, the goods.
         sisa manfaat dari barang.
      2. Pelanggan memiliki kewajiban kini untuk                          2.   The customer has a present obligation to pay in
         membayar sesuai dengan syarat dan ketentuan                           accordance with the terms of the sales contract.
         dalam kontrak penjualan.
      3. Pelanggan telah menerima barang. Penjualan                       3.   The customer has accepted the goods. Sales
         barang dapat tergantung pada penyesuaian                              revenue may be subject to adjustment based on
         berdasarkan inspeksi terhadap pengiriman oleh                         the inspection of shipments by the customer. In
         pelanggan. Dalam hal ini, penjualan diakui                            these cases, sales are recognised based on the
         berdasarkan estimasi terbaik Grup terhadap                            Group’s best estimate of the grade and/or
         kualitas dan/atau kuantitas saat pengiriman, dan                      quantity at the time of shipment, and any
         penyesuaian kemudian dicatat dalam akun                               subsequent adjustments are recorded against
         pendapatan. Secara historis, perbedaan antara                         revenue. Historically, the differences between
         kualitas dan kuantitas, estimasi dan/atau aktual                      estimated and actual grade and/or quantity are
         tidak signifikan.                                                     not significant.
      4. Pelanggan telah memiliki hak kepemilikan legal                   4.   The customer has legal title to the goods.
         atas barang.
      5. Pelanggan telah menerima kepemilikan fisik atas                  5.   The customer has physical possession of the
         barang.                                                               goods.

      Grup mengalihkan pengendalian atas barang atau                     The Group transfers control of a good or service
      jasa sepanjang waktu, jika satu dari kriteria berikut              overtime, if one from the following criteria is met:
      terpenuhi:
      •   Pelanggan secara simultan menerima dan                          •    The customer simultaneously receives and
          mengkonsumsi manfaat yang dihasilkan dari                            consumes the benefits provided by the entity’s
          pelaksanaan Grup selama Grup melaksanakan                            performance as the Group perform;
          kewajiban pelaksanaannya;
      •   Pelaksanaan       Grup   menimbulkan        atau                •    The Group’s performance creates or enhances
          meningkatkan aset (sebagai contoh, pekerjaan                         an asset (for example, work in progress) that the
          dalam proses) yang dikendalikan pelanggan                            customer controls as the asset is created or
          selama aset tersebut ditimbulkan atau                                enhanced; or
          ditingkatkan; atau
      •   Pelaksanaan Grup tidak menimbulkan suatu                        •    The Group’s performance does not create an
          aset dengan penggunaan alternatif bagi Grup                          asset with alternative use to the Group and the
          dan Grup memiliki hak atas pembayaran yang                           Group has an enforceable right to payment for
          dapat dipaksakan atas pelaksanaan yang telah                         performance completed to date.
          diselesaikan sampai tanggal pelaporan.
      •   Untuk setiap kewajiban pelaksanaan yang                         •    For each performance obligation satisfied over
          dipenuhi sepanjang waktu, Grup mengakui                              time, the Group recognises revenue over time by
          pendapatan sepanjang waktu dengan mengukur                           measuring the progress towards complete
          kemajuan terhadap penyelesaian penuh atas                            satisfaction of that performance obligation.
          kewajiban pelaksanaan.



                                                                - 28 -

676
                                                                   Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                keuangan konsolidasi secara keseluruhan
Page 679
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

      Grup menerapkan metode output untuk mengukur                                       The Group applies the output method for measuring
      kemajuan entitas. Grup mengecualikan dari                                          progress. The Group excludes from the measure of
      pengukuran kemajuan setiap barang atau jasa di                                     progress any goods or services for which the Group
      mana Grup tidak mengalihkan pengendalian kepada                                    does not transfer control to a customer.
      pelanggan.

      Grup mengakui pendapatan atas kewajiban                                            The Group recognises revenue for a performance
      pelaksanaan yang dipenuhi sepanjang waktu hanya                                    obligation satisfied overtime only if the Group can
      jika entitas dapat mengukur kemajuan secara wajar                                  reasonably measure its progress towards complete
      terhadap penyelesaian penuh atas kewajiban                                         satisfaction of the performance obligation. In some
      pelaksanaan. Dalam beberapa keadaan, Grup                                          circumstances, the Group may not be able to
      mungkin tidak dapat mengukur hasil kewajiban                                       reasonably measure the outcome of a performance
      pelaksanaan      secara   wajar,    tetapi  Grup                                   obligation, but the Group expects to recover the costs
      memperkirakan untuk memulihkan biaya yang terjadi                                  incurred in satisfying the performance obligation. In
      dalam memenuhi kewajiban pelaksanaan. Dalam                                        those circumstances, the Group recognises revenue
      keadaan tersebut, Grup mengakui pendapatan                                         only to the extent of the costs incurred until such time
      hanya sejumlah biaya yang terjadi sampai waktu                                     that it can reasonably measure the outcome of the
      tertentu di mana Grup dapat mengukur hasil                                         performance obligation.
      kewajiban pelaksanaan secara wajar.

 t.   Laba per Saham                                                                t.   Earnings per Share

      Laba per saham dasar dihitung dengan membagi                                       Basic earnings per share is computed by dividing the
      laba atau rugi yang dapat diatribusikan kepada                                     profit or loss attributable to ordinary equity holders of
      pemegang saham biasa entitas induk dengan jumlah                                   the parent entity by the weighted average number of
      rata-rata tertimbang saham biasa yang beredar                                      ordinary shares outstanding during the period.
      dalam suatu periode.

      Untuk tujuan penghitungan laba per saham dilusian,                                 For the purpose of calculating diluted earnings per
      Grup menyesuaikan laba atau rugi yang dapat                                        share, the Group shall adjust profit or loss attributable
      diatribusikan kepada pemegang saham biasa entitas                                  to ordinary equity holders of the parent entity, and the
      induk dan jumlah rata-rata tertimbang saham yang                                   weighted average number of shares outstanding, for
      beredar, atas dampak dari seluruh instrumen                                        the effect of all dilutive potential ordinary shares.
      berpotensi saham biasa yang bersifat dilutif.

 v.   Sewa                                                                          v. Leases

      Suatu kontrak merupakan atau mengandung sewa                                       A contract is or contains a lease if the contract
      jika kontrak tersebut memberikan hak untuk                                         conveys the right to control the use of an identified
      mengendalikan        penggunaan       suatu     aset                               assets for a period of time in exchange for
      identifikasian selama suatu jangka waktu untuk                                     consideration. To assess whether a contract conveys
      dipertukarkan dengan imbalan. Untuk menilai apakah                                 the right to control the use of an identified asset, the
      suatu kontrak memberikan hak untuk mengendalikan                                   Group assesses whether:
      suatu aset identifikasian, Grup menilai apakah:

      a.     Kontrak melibatkan penggunaan suatu aset                                    a.   The contract involves the use of an identified
             identifikasian – ini dapat ditentukan secara                                     asset – this may be specified explicitly or
             eksplisit atau implisit dan secara fisik dapat                                   implicitly and should be physically distinct or
             dibedakan atau mewakili secara substantial                                       represent substantially all of the capacity of a
             seluruh kapasitas aset yang secara fisik dapat                                   physically distinct asset. If the supplier has the
             dibedakan. Jika pemasok memiliki hak                                             substantive substitution right, the asset is not
             substitusi substantif, aset tersebut tidak                                       identified;
             teridentifikasi;
      b.     Grup memiliki hak untuk memperoleh secara                                   b.   The Group has the right to obtain substantially all
             substansial seluruh manfaat ekonomis dari                                        of the economic benefits from use of the asset
             penggunaan aset selama periode penggunaan;                                       throughout the period of use; and
             dan
      c.     Grup memiliki hak untuk mengarahkan                                         c.   The Group has the right to direct the use of the
             penggunaan aset identifikasian. Grup memiliki                                    identified asset. The Group has this right when it
             hak ini ketika hak pengambilan keputusan yang                                    has the decision-making rights that are most
             paling relevan untuk mengubah bagaimana dan                                      relevant to changing how and for what purpose
             untuk tujuan apa aset tersebut digunakan.                                        the asset is used. In certain circumstances
             Dalam kondisi tertentu di mana semua                                             where all the decisions about how and for what
             keputusan tentang bagaimana dan untuk tujuan                                     purpose the asset is used are predetermined,
             apa      aset    digunakan  telah   ditentukan                                   the Group has the right to direct the use of the
             sebelumnya, Grup memiliki hak untuk                                              asset if either:
             mengarahkan penggunaan aset tersebut jika:


                                                                                - 29 -

                                                                                                                                                   677
 The accompanying notes form an integral part of these consolidated financial
                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 680
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                            FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                 FOR THE YEARS ENDED
2023 DAN 2022                                                                        DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                    (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                               unless otherwise stated) - Continued

          -     Grup memiliki hak untuk mengoperasikan                      -    The Group has the right to operate the asset;
                aset; atau                                                       or
          -     Grup mendesain aset dengan cara                             -    The Group designed the asset in a way that
                menetapkan sebelumnya bagaimana dan                              predetermines how and for what purpose the
                untuk tujuan apa aset akan digunakan.                            asset will be used.

      Pada tanggal insepsi atau pada saat penilaian                     At inception date or on reassessment of a contract
      kembali suatu kontrak yang mengandung suatu                       that contains a lease component, the Group
      komponen sewa, Grup mengalokasikan imbalan                        allocates consideration in the contract to each lease
      dalam kontrak ke masing-masing komponen sewa                      component on the basis of their relative stand-alone
      berdasarkan harga tersendiri relatif dari komponen                prices.
      sewa.

      Pembayaran sewa yang termasuk dalam indeks                        Lease payments included in the lease payable index
      utang sewa meliputi: pembayaran sewa tetap, sewa                  include: fixed lease payments, variable rent
      variabel yang bergantung pada indeks, jumlah yang                 dependent on the index, the amount to be paid in
      akan dibayarkan dalam jaminan nilai residu dan                    residual value guarantees and the exercise price of
      harga eksekusi opsi beli, opsi perpanjangan atau                  the purchase option, renewal option or termination
      penalti penghentikan jika Perusahaan cukup pasti                  penalty if the Company is reasonably certain that it
      akan mengeksekusi opsi tersebut.                                  will exercise the option.

      Grup mengakui aset hak guna dan liabilitas sewa                   The Group recognizes a right of use asset and a
      pada tanggal dimulainya sewa. Aset hak guna                       lease liability at the lease commencement date. The
      awalnya diukur pada biaya perolehan, yang terdiri                 right of use asset is initially measured at cost, which
      dari jumlah pengukuran awal dari liabilitas sewa                  comprises the initial amount of the lease liability
      disesuaikan dengan pembayaran sewa yang                           adusted for any lease payments made at or before
      dilakukan pada atau sebelum tanggal permulaan,                    the commencement date, plus any initial direct costs
      ditambah dengan biaya langsung awal yang                          incurred and an estimate of costs to dismantle and
      dikeluarkan, dan estimasi biaya untuk membongkar                  remove the underlying asset or to restore the
      dan memindahkan aset pendasar atau untuk                          underlying asset or the site on which it is located,
      merestorasi aset pendasar atau tempat di mana aset                less any lease incentives received.
      berada, dikurangi insentif sewa yang diterima.

      Jika sewa mengalihkan kepemilikan aset pendasar                   If the lease transfers the ownership of the underlying
      pada akhir masa sewa atau jika biaya perolehan aset               asset at the end of the lease term, then the asset will
      hak    guna     merefleksikan     penyewa     akan                be depreciated from the beginning of the lease term
      mengeksekusi pilihan beli, penyewa menyusutkan                    to the end of the underlying asset’s useful life. The
      aset hak guna dari tanggal permulaan hingga akhir                 depreciation periods for the right of use assets with
      umur manfaat aset pendasar. Periode penyusutan                    buy options executed should refer to the policy for
      untuk aset hak guna dengan pilihan beli yang                      the fixed assets.
      dieksekusi tersebut mengacu pada ketentuan masa
      manfaat aset tetap.

      Liabilitas sewa awalnya diukur pada nilai kini atas               The lease liability is initially measured at the present
      pembayaran sewa yang belum dibayar pada tanggal                   value of the lease payments that are not yet paid at
      permulaan, didiskontokan menggunakan suku bunga                   the commencement date, discounted using the
      implisit dalam sewa atau, jika suku bunga tersebut                interest rate implicit in the lease or, if that rate cannot
      tidak dapat ditentukan, digunakan suku bunga                      be readily determined, the Group incremental
      pinjaman inkremental Grup. Umumnya, Grup                          borrowing rate. Generally, Group uses its
      menggunakan suku bunga pinjaman inkremental                       incremental borrowing rate as the discount rate.
      sebagai suku bunga diskonto.

      Setelah pengakuan awal liabilitas sewa diukur pada                After the initial acquisition of a lease liability is
      biaya perolehan diamortisasi menggunakan metode                   measured at amortized cost using the effective
      suku bunga efektif. Liabilitas sewa diukur kembali                interest method. It is remeasured when there is a
      ketika ada perubahan pembayaran sewa masa                         change in future lease payments arising from a
      depan yang timbul dari perubahan indeks atau suku                 change in an index or rate, if there is a change in the
      bunga, jika ada perubahan estimasi Grup atas jumlah               Group estimate of the amount expected to be
      yang diperkirakan akan dibayar dalam jaminan nilai                payable under a residual value guarantee, or if the
      residual, atau jika Grup mengubah penilaiannya                    Group changes its assessment of whether it will
      apakah      akan    mengeksekusi     pilihan   beli,              exercise a purchase, extension or termination
      perpanjangan atau penghentian.                                    option.




                                                             - 30 -

678
                                                                Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                             keuangan konsolidasi secara keseluruhan
Page 681
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

 w.     Dividen                                                                     w.   Dividend

        Pembagian dividen diakui sebagai liabilitas ketika                               Dividend distributions are recognised as a liability
        dividen tersebut disetujui Rapat Umum Pemegang                                   when the dividends are approved in the Company’s
        Saham Perseroan. Pembagian dividen diakui                                        General Meeting of the Shareholders. Dividend
        sebagai     liabilitas   ketika    dividen    disetujui                          distributions are recognised as a liability when the
        berdasarkan       keputusan     rapat    direksi   dan                           dividends are approved by a board of directors’
        persetujuan dewan komisaris telah diperoleh serta                                resolution, approval has been obtained from the
        sudah diumumkan kepada publik                                                    board of commissioners and a public announcement
                                                                                         has been made.

 y.    Pelaporan Segmen                                                             y.    Segment Reporting

       Segmen operasi dilaporkan dengan cara yang                                        Operating segments are reported in a manner
       konsisten dengan pelaporan internal yang diberikan                                consistent with the internal reporting provided to the
       kepada pengambil keputusan operasi utama.                                         chief operating decision maker. The chief operating
       Pengambil keputusan operasi utama, yang                                           decision maker, who is responsible for allocating
       bertanggung jawab mengalokasikan sumber daya                                      resources and assessing performance of the
       dan menilai kinerja segmen operasi, telah                                         operating segments, has been identified as the
       diidentifikasi sebagai komite pengarah yang                                       steering committee that makes strategic decisions.
       mengambil keputusan strategis.


 4.   PERTIMBANGAN KRITIS AKUNTANSI DAN                                             4.   CRITICAL ACCOUNTING JUDGMENTS AND KEY
      SUMBER UTAMA KETIDAKPASTIAN ESTIMASI                                               SOURCES OF ESTIMATION UNCERTAINTY

      Dalam penerapan kebijakan akuntansi Grup, yang                                     In the application of the Group accounting policies,
      dijelaskan dalam Catatan 3, direksi diwajibkan untuk                               which are described in Note 3, the directors are
      membuat pertimbangan, estimasi dan asumsi tentang                                  required to make judgments, estimates and
      jumlah tercatat aset dan liabilitas yang tidak tersedia                            assumptions about the carrying amounts of assets
      dari sumber lain. Estimasi dan asumsi yang terkait                                 and liabilities that are not readily apparent from other
      didasarkan pada pengalaman historis dan faktor-                                    sources. The estimates and associated assumptions
      faktor lain yang dianggap relevan. Hasil aktualnya                                 are based on historical experience and other factors
      mungkin berbeda dari estimasi tersebut.                                            that are considered to be relevant. Actual results may
                                                                                         differ from these estimates.

      Estimasi dan asumsi yang mendasari ditelaah secara                                 The estimates and underlying assumptions are
      berkelanjutan. Revisi estimasi akuntansi diakui dalam                              reviewed on an ongoing basis. Revisions to
      periode dimana estimasi tersebut direvisi jika revisi                              accounting estimates are recognized in the period
      hanya mempengaruhi periode tersebut, atau pada                                     which the estimate is revised if the revision affects
      periode revisi dan periode masa depan jika revisi                                  only that period, or in the period of the revision and
      mempengaruhi periode saat ini dan masa depan.                                      future periods if the revision affects both current and
                                                                                         future periods.

      Pertimbangan kritis dalam penerapan kebijakan                                      Critical judgments           in    applying        accounting
      akuntansi                                                                          policies

      Tidak terdapat pertimbangan kritis, selain dari yang                               There are no critical judgments, apart from those
      melibatkan estimasi di bawah ini, yang telah dibuat                                involving estimations below, that the directors have
      direksi dalam proses penerapan kebijakan akuntansi                                 made in the process of applying the Group’s
      Grup dan yang memiliki pengaruh signifikan terhadap                                accounting policies and that have the most significant
      jumlah yang diakui dalam laporan keuangan                                          effect on the amounts recognized consolidated
      konsolidasian.                                                                     financial statements.




                                                                                - 31 -

                                                                                                                                                  679
 The accompanying notes form an integral part of these consolidated financial
                                                                                                     2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 682
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                  PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                              FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                   FOR THE YEARS ENDED
2023 DAN 2022                                                                          DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                      (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                 unless otherwise stated) - Continued

      Sumber utama ketidakpastian estimasi                               Key sources of estimation uncertainty

      Asumsi utama mengenai masa depan dan sumber                        The key assumptions concerning future and other
      estimasi lainnya pada akhir periode pelaporan, yang                key sources of estimation at the end of the reporting
      memiliki risiko signifikan yang dapat mengakibatkan                period, that may have a significant risk of causing a
      penyesuaian material terhadap jumlah tercatat aset                 material adjustment to the carrying amounts of assets
      dan liabilitas dalam periode pelaporan berikutnya                  and liabilities within the next financial year are
      dijelaskan di bawah ini:                                           discussed as follows:

      Penyisihan untuk kerugian kredit ekspektasian atas                 Allowance for expected credit losses for trade
      piutang usaha                                                      receivables

      Grup menghitung KKE untuk piutang usaha dan                        The Group calculates ECL for trade receivables and
      piutang lain-lain. Estimasi penyisihan ECL didasarkan              other receivables. The estimated allowance for ECL
      pada asumsi default dan tingkat ECL yang didasarkan                is based on the assumption of defaults and ECL
      juga pada pengalaman kerugian kredit historis bagi                 rates, which are based on historical credit loss
      pelanggan yang memiliki karakteristik risiko kredit                experience for customers that have similar credit risk
      serupa, disesuaikan dengan informasi masa depan.                   characteristics, adjusted with forward looking
                                                                         information.

      Sebagai contoh, jika prakiraan atas kondisi ekonomi                For instance, if forecast economic conditions are
      diperkirakan memburuk selama periode/tahun depan,                  expected to deteriorate over the next period/year,
      yang dapat menyebabkan meningkatnya jumlah gagal                   which can lead to an increased number of defaults,
      bayar, tingkat kerugian kredit historis disesuaikan.               the historical credit loss is adjusted. At every
      Pada setiap tanggal pelaporan, tingkat kerugian kredit             reporting date, the historical experience is updated
      historis diperbaharui dan perubahan estimasi masa                  and changes in the forward-looking estimates are
      depan dianalisa.                                                   analyzed.

      Penilaian atas korelasi antara tingkat gagal bayar                 The assessment of the correlation between historical
      historis yang diobservasi, prakiraan atas kondisi                  experience and forecast economic conditions and
      ekonomi dan KKE merupakan estimasi yang                            ECLs is a significant estimate. The amount of ECLs
      signifikan. Jumlah KKE paling dipengaruhi oleh                     is sensitive to changes in circumstances and of
      perubahan keadaan dan prakiraan kondisi ekonomi.                   forecast economic conditions. The Group’s historical
      Pengalaman kerugian kredit historis Grup dan                       credit loss experience and forecast of economic
      prakiraan kondisi ekonomi juga mungkin tidak                       conditions may also not be representative of
      menggambarkan gagal bayar aktual pelanggan di                      customer’s actual default in the future.
      masa yang akan datang.

      Liabilitas imbalan kerja                                           Employee benefit obligation

      Nilai kini liabilitas imbalan kerja tergantung pada                The present value of the employee benefit obligations
      sejumlah      faktor    yang    ditentukan   dengan                depends on a number of factors that are determined
      menggunakan asumsi aktuaria.                                       by using actuarial assumptions.

      Asumsi yang digunakan dalam menentukan biaya                       The assumptions used in determining the net cost for
      bersih untuk pensiun termasuk tingkat pengembalian                 pensions include the same and relevant rate for
      jangka panjang yang diharapkan atas aset program                   expected long term rate of return on plan assets,
      yang sama dan relevan, tingkat kenaikan gaji di masa               future salary increase and the discount rate. Any
      datang dan tingkat diskonto. Setiap perubahan dalam                changes in these assumptions will impact the
      asumsi ini akan berdampak pada nilai tercatat                      carrying amount of employee benefit obligations.
      liabilitas imbalan kerja.

      Perpajakan                                                         Taxation

      Grup beroperasi di bawah peraturan perpajakan di                   The Group operates under the tax regulations in
      Indonesia. Pertimbangan yang signifikan diperlukan                 Indonesia. Significant judgement is required in
      untuk menentukan provisi pajak penghasilan badan                   determining the provision for corporate income taxes
      dan pajak lainnya. Apabila keputusan final atas pajak              and other taxes. Where the final tax outcome of these
      tersebut berbeda dari jumlah yang pada awalnya                     matters is different from the amounts that were
      dicatat, perbedaan tersebut akan dicatat di laba rugi              initially recorded, such differences will be recorded in
      pada periode di mana hasil tersebut dikeluarkan.                   profit or loss in the period in which such determination
                                                                         is made.



                                                               - 32 -

680
                                                                  Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                               keuangan konsolidasi secara keseluruhan
Page 683
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

 5. KAS DAN SETARA KAS                                                             5.   CASH AND CASH EQUIVALENTS

                                                                  2023                      2022

   Kas                                                                  294                    39.319        Cash on hand
   Kas di bank                                                    8.386.581                77.878.781        Cash in banks
   Deposito berjangka                                            90.000.000               445.000.000        Time deposits

   Jumlah                                                        98.386.875               522.918.100        Total

   a. Kas                                                                               a. Cash on Hand

                                                                  2023                      2022

      Rupiah                                                               294                    39.319      Rupiah

   b. Kas di Bank                                                                       b. Cash in Bank

                                                                  2023                      2022

      Pihak berelasi (Catatan 35a)                                 8.086.576               72.574.043        Related parties (Note 35a)

      Pihak ketiga                                                                                           Third parties
      Rupiah                                                                                                 Rupiah
         PT Bank Pembangunan Daerah                                                                            PT Bank Pembangunan Daerah
           Jawa Barat dan Banten Tbk                                 219.555                  218.542             Jawa Barat dan Banten Tbk
         PT Bank Mega Syariah                                         28.385                  721.670          PT Bank Mega Syariah
         PT Bank Central Asia Tbk                                     26.029                4.218.333          PT Bank Central Asia Tbk
         PT Bank Pembangunan Daerah                                                                            PT Bank Pembangunan Daerah
           Sumatera Selatan dan Bangka                                                                            Sumatera Selatan dan Bangka
           Belitung                                                    25.759                     25.939          Belitung
         PT Bank CIMB Niaga Tbk                                           277                          -       PT Bank CIMB Niaga Tbk
         PT Bank Permata Tbk Unit Usaha                                                                        PT Bank Permata Tbk Sharia
           Syariah                                                            -                   32.043          Business Unit
      USD                                                                                                    USD
         PT Bank Permata Tbk Unit Usaha                                                                        PT Bank Permata Tbk Sharia
           Syariah                                                            -                   88.211          Business Unit

      Jumlah                                                       8.386.581               77.878.781        Total

   c. Deposito Berjangka                                                                c. Time Deposit

                                                                  2023                     2022

     Pihak berelasi (Catatan 35b)                               90.000.000               440.000.000       Related parties (Note 35b)

     Pihak ketiga                                                                                          Third parties
     Rupiah                                                                                                Rupiah
     PT Bank Pembangunan Daerah                                                                            PT Bank Pembangunan Daerah
        Sumatera Selatan dan Bangka Belitung                                 -             5.000.000         Sumatera Selatan dan Bangka Belitung

     Jumlah                                                     90.000.000               445.000.000       Total




                                                                            - 33 -

                                                                                                                                                        681
    The accompanying notes form an integral part of these consolidated financial
                                                                                                           2023 Annual Report ∙ PT Semen Baturaja Tbk
    statements as a whole
Page 684
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                             PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                         FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                              FOR THE YEARS ENDED
2023 DAN 2022                                                                                     DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                 (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                            unless otherwise stated) - Continued

      Kisaran tingkat bunga kontraktual per tahun dan                         The range of contractual interest rates per annum and
      jangka waktu deposito berjangka adalah sebagai                          maturity period deposits are as follows:
      berikut:

                                                                2023                  2022

      Rupiah                                                2.25% - 7.35%        2.5% - 5.25%           Rupiah
      Jangka waktu                                         1 bulan - 3 bulan/ 1 bulan - 3 bulan/        Maturity period
                                                        1 month - 3 months 1 month - 3 months


6.    PIUTANG USAHA                                                               6. TRADE RECEIVABLES

      Saldo piutang usaha dari pihak ketiga merupakan                               Balance of trade receivable from third parties
      tagihan atas penjualan semen kepada para distributor                          presents receivable for sales to cement distributors:
      semen:

                                                                2023                 2022 *)

      Pihak berelasi (Catatan 35c)                            336.458.042              8.417.530         Related parties (Note 35c)
      Cadangan kerugian penurunan nilai                                 -                      -         Allowance for impairment losses
                                                              336.458.042              8.417.530

      Pihak ketiga                                             447.662.200          554.000.710          Third parties
      Cadangan kerugian penurunan nilai                       (325.150.844)        (357.880.826)         Allowance for impairment losses
                                                              122.511.356           196.119.884

      Jumlah                                                  458.969.398           204.537.414          Total

      *Disajikan kembali (Catatan 41)                                                                    *As restated (Note 41)

      Proses pengangkatan distributor menggunakan sistem                          The distributors appointment process uses an internal
      penilaian internal untuk menilai potensi distributor. Grup                  assessment system to assess the potential distributor.
      melakukan evaluasi terhadap kinerja distributor yang                        The Group evaluates distributor’s performance
      dilakukan setiap tahun.                                                     annually.

      Pada tahun 2023, Perusahaan melakukan penjualan                             In 2023, the Company sold cement through a mega
      semen melalui mega distributor yang dikelola oleh PT                        distributor managed by PT Semen Indonesia (Persero)
      Semen Indonesia (Persero) Tbk.                                              Tbk.

      Rincian piutang yang melebihi 5% dari jumlah piutang                        Details of receivables that are more than 5% of the
      usaha untuk tahun yang berakhir pada tanggal                                total trade receivables for the year ended December
      31 Desember 2023 dan 2022 adalah sebagai berikut:                           31, 2023 and 2022 are as follows:

                                                                 2023                  2023

      PT Semen Indonesia (Persero) Tbk                          215.016.422                     27%      PT Semen Indonesia (Persero) Tbk
      PT Maju Mix Bersama Abadi                                 117.081.327                     15%      PT Maju Mix Bersama Abadi
      PT Kapuas Musi Madelyn                                     74.975.736                     10%      PT Kapuas Musi Madelyn
      PT Semen Padang                                            65.848.887                      8%      PT Semen Padang
      PT Matra Agung Persada                                     63.556.855                      8%      PT Matra Agung Persada

      Jumlah                                                    536.479.227                     68%      Total




                                                                         - 34 -

682
                                                                              Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                           keuangan konsolidasi secara keseluruhan
Page 685
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                            FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                 FOR THE YEARS ENDED
2023 DAN 2022                                                                                        DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                    (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                               unless otherwise stated) - Continued

                                                                2023                     2022

     PT Maju Mix Bersama Abadi                                118.631.327                       21%     PT Maju Mix Bersama Abadi
     PT Kapuas Musi Madelyn                                    75.075.736                       13%     PT Kapuas Musi Madelyn
     PT Matra Agung Persada                                    70.052.335                       13%     PT Matra Agung Persada
     PT Zaza Anugerah Mandiri                                                                           PT Zaza Anugerah Mandiri
       Perkasa                                                 35.542.492                        6%       Perkasa

     Jumlah                                                   299.301.890                       53%     Total

     Umur piutang usaha berdasarkan jatuh tempo adalah                                 The aging of trade receivables based on due date is
     sebagai berikut:                                                                  as follows:

                                                                2023                     2022

     Belum jatuh tempo                                        156.224.762               69.236.540     Not yet due
     Jatuh tempo:                                                                                      Overdue:
        1 - 45 hari                                           199.437.043               12.217.914       1 - 45 days
        46 - 135 hari                                          71.237.630                7.418.200       46 - 135 days
        136 - 365 hari                                          7.919.848               62.795.343       136 - 365 days
        Lebih dari 365 hari                                   349.300.959              410.750.243       More than 365 days
                                                              784.120.242              562.418.240
     Cadangan kerugian penurunan nilai                       (325.150.844)            (357.880.826)     Allowance for impairment losses

     Jumlah                                                   458.969.398              204.537.414     Total

     Mutasi penyisihan penurunan nilai piutang adalah                                  The movement of allowance for impairment losses of
     sebagai berikut:                                                                  receivables are as follows:

                                                                2023                     2022

     Saldo awal                                             (357.880.826)             (358.769.966)     Beginning balance
     Cadangan pemulihan                                                                                 Allowance recovery
       kerugian kredit                                         32.729.982                  889.140         for credit losses

     Saldo akhir                                            (325.150.844)             (357.880.826)     Ending balance

      Pada tanggal 31 Desember 2023 dan 2022, dalam                                 As of December 31, 2023 and 2022, in calculating the
      melakukan    perhitungan   cadangan  kerugian                                 allowance for impairment losses of trade receivables,
      penurunan nilai piutang, Grup memperhitungkan                                 the Group takes into account the customer guarantee
      jaminan pelanggan sebagai pengurang cadangan                                  as a deduction of allowance for impairment losses of
      kerugian penurunan nilai piutang sebesar                                      trade receivables amounting to Rp116,541,593 and
      Rp116.541.593 dan Rp185.046.615.                                              Rp185,046,615.

      Dalam menentukan pemulihan piutang usaha, Grup                                In determining the recoverability of a trade receivables,
      mempertimbangkan setiap perubahan dalam                                       the Group considers any changes in the credit quality of
      kualitas kredit dari piutang usaha dari tanggal awal                          trade receivables from the date credit was initially
      kredit diberikan sampai dengan akhir periode                                  granted up to the end of reporting period.
      pelaporan.

      Piutang usaha yang diungkapkan di atas termasuk                               Trade receivables disclosed above include amounts
      jumlah yang telah lewat jatuh tempo pada akhir                                that are past due at the end of the reporting period for
      periode pelaporan di mana Grup telah mengakui                                 which the Group has not recognized an allowance for
      cadangan kerugian penurunan nilai piutang karena                              impairment losses because there has not been a
      belum ada perubahan kualitas kredit dan jumlah                                significant change in credit quality and the amounts of
      piutang masih dapat dipulihkan.                                               recoverable receivable.




                                                                           - 35 -

                                                                                                                                                      683
     The accompanying notes form an integral part of these consolidated financial
                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
     statements as a whole
Page 686
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

      Cadangan KKE untuk piutang usaha berdasarkan                                     ECL on trade accounts receivable using provision
      matriks provisi                                                                  matrix

                                                                                                     2023
                                                                                             Jatuh tempo/Past due
                                                    Belum jatuh                            46 – 135         136 -365
                                                      tempo/            < 45 hari/           hari/            hari/          > 365 hari/         Jumlah/
                                                    Not past due          days              days             days               days              Total

      Tingkat kerugian kredit ekspektasian/
      Expected credit loss rate                            0%              0%                 0%              19%               93%

      Estimasi jumlah tercatat bruto
        pada saat gagal bayar/
      Estimated total gross carrying
        amount at default                               156.224.762    199.437.043        71.237.630        7.919.848       349.300.959        784.120.242

      ECL sepanjang umur/Lifetime ECL                             -       (222.118)           (22.111)     (1.465.904)      (323.440.711)     (325.150.844)

      Total/Jumlah                                                                                                                             458.969.398

                                                                                                      2022 *)
                                                                                              Jatuh tempo/Past due
                                                     Belum jatuh
                                                       tempo/           < 45 hari/       46 – 135 hari/   136 -365 hari/      > 365 hari/          Jumlah/
                                                    Not past due          days               days             days               days               Total

      Tingkat kerugian kredit ekspektasian/
      Expected credit loss rate                             1%             8%                 3%                9%               85%

      Estimasi jumlah tercatat bruto
        pada saat gagal bayar/
      Estimated total gross carrying
        amount at default                               69.236.540     12.217.914           7.418.200       62.795.343        410.750.243        562.418.240

      ECL sepanjang umur/Lifetime ECL                      (585.862)      (960.381)          (189.326)       (5.777.058)     (350.368.199)      (357.880.826)

      Total/Jumlah                                                                                                                               204.537.414

      *Disajikan kembali (Catatan 41)/*As restated (Note 41)

      Pada tanggal 31 Desember 2023 dan 2022, dalam                                       On December 31, 2023 and 2022, in calculating the
      melakukan      perhitungan    cadangan       kerugian                               allowance for impairment losses on receivables, the
      penurunan nilai piutang, Grup menerapkan metode                                     Group applied a collective method to determine the
      kolektif untuk menentukan cadangan penurunan nilai                                  allowance for impairment of receivables for
      piutang untuk piutang dengan kategori distibutor yang                               receivables in the distributor category that are still
      masih aktif dalam penebusan baik secara tunai atau                                  active in purchase either in cash or direct credit to the
      kredit secara langsung ke Perusahaan. Grup juga                                     Company. The Group also applies an individual
      menerapkan metode individual untuk melakukan                                        method to calculate allowance for impairment losses
      perhitungan cadangan kerugian penurunan nilai                                       on receivables. The individual method is divided into
      piutang. Metode individual dibedakan menjadi dua                                    two, namely the related party and third party
      yaitu metode individual pihak berelasi dan pihak                                    individual method. This third party individual method
      ketiga, metode individual pihak ketiga ini dihitung                                 is calculated when receivables are overdue for more
      ketika piutang menunggak di atas 365 hari dan tidak                                 than 365 days and there is no redemption either in
      melakukan penebusan baik secara tunai atau kredit                                   cash or credit directly to the Company.
      secara langsung ke Perusahaan.

      Sedangkan untuk piutang pihak berelasi, tidak                                       Meanwhile, no provision is made for related party
      dilakukan pencadangan karena risiko tidak                                           receivables because the risk of non-payment is low.
      terbayarkan rendah. Dalam menentukan pemulihan                                      In determining the recovery of trade receivables, the
      piutang usaha, Grup juga mempertimbangkan setiap                                    Group also considers any changes in the credit
      perubahan dalam kualitas kredit dari piutang usaha                                  quality of the trade receivables from the initial date
      dari tanggal awal kredit diberikan sampai dengan                                    the credit was granted until the end of the reporting
      akhir periode pelaporan.                                                            period.

      Grup juga melakukan perjanjian jasa kerja sama                                      The Group also entered into a cooperation services
      No: HK.00.08/151A/2022 antara Uno and patners                                       agreement No: HK.00.08 /151A/2022 between Uno
      untuk menyelesaikan pendampingan penagihan                                          and partners to complete the assistance in collecting
      piutang tak tertagih.                                                               bad debt receivables.


                                                                            - 36 -

684
                                                                                     Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                                  keuangan konsolidasi secara keseluruhan
Page 687
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

        Pada akhir periode pelaporan, manajemen Grup                                     At the end of reporting period, the management of the
        berkeyakinan bahwa penyisihan penurunan nilai telah                              Group believes that the allowance for impairment is
        memadai untuk menutup kemungkinan kerugian atas                                  adequate to cover possible losses from uncollectible
        tidak tertagihnya piutang usaha.                                                 receivables.


7.      PIUTANG LAIN-LAIN                                                           7.   OTHER RECEIVABLES

        Saldo piutang lain-lain merupakan tagihan atas                                   Balance of other receivables represents for utilization
        kompensasi pemanfaatan limbah B3 dan transaksi                                   of waste B3 compensations and transactions other
        selain penjualan barang dan jasa:                                                than the sale of goods and services:

                                                                   2023                    2022

        Pihak berelasi (Catatan 35d)                                3.133.125              2.841.773      Related parties (Note 35d)
        Cadangan kerugian penurunan nilai                                   -                      -      Allowance for impairment losses
                                                                    3.133.125              2.841.773

        Pihak ketiga                                                6.704.100               6.823.368     Third parties
        Cadangan kerugian penurunan nilai                          (6.700.597)             (6.474.855)    Allowance for impairment losses
                                                                        3.503                 348.513

        Jumlah                                                      3.136.628              3.190.286      Total

        Umur piutang lain-lain berdasarkan jatuh tempo                                   The aging of other receivables based on the due date
        adalah sebagai berikut:                                                          are as follows:

                                                                   2023                    2022

        Lancar                                                      3.394.944              1.610.692      Current
        1 - 45 hari                                                         -              1.579.977      1 - 45 days
        136 - 365 hari                                                 16.290                158.961      136 - 365 days
        Lebih dari 365 hari                                         6.425.991              6.315.511      More than 365 days

                                                                    9.837.225               9.665.141
        Cadangan kerugian penurunan nilai                          (6.700.597)             (6.474.855)     Allowance for impairment losses

        Jumlah                                                      3.136.628              3.190.286      Total

        Rincian mutasi penurunan nilai piutang lain-lain                                 The details of the mutation for impairment of other
        adalah sebagai berikut:                                                          receivables are as follows:

                                                                   2023                    2022

        Saldo awal                                                 (6.474.855)              (987.790)      Beginning balance
        Penambahan cadangan                                                                                Allowance
          piutang usaha tak tertagih                                 (225.742)             (5.487.065)         for doubtful accounts

        Saldo akhir                                                (6.700.597)             (6.474.855)     Ending balance

        Manajemen        berpendapat bahwa     cadangan                                  Management believes that the allowance for
        penurunan nilai piutang lain-lain tersebut telah                                 impairment losses is adequate to cover the risk of
        memadai untuk menutupi risiko tidak tertagihnya                                  uncollectible other receivables.
        piutang lain-lain.




                                                                              - 37 -

                                                                                                                                                      685
     The accompanying notes form an integral part of these consolidated financial
                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
     statements as a whole
Page 688
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                        PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                    FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                         FOR THE YEARS ENDED
2023 DAN 2022                                                                                DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                            (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                       unless otherwise stated) - Continued

8.   PERSEDIAAN                                                         8. INVENTORIES

                                                           2023                 2022

     Bahan baku dan penolong                                                                        Raw and supporting materials
        Bahan baku                                        33.400.412            34.072.780            Raw material
        Bahan pembungkus                                  19.334.769             9.978.647            Packaging
        Bahan bakar                                        4.865.142             4.503.536            Fuel
        Bahan pelumas                                      2.207.116             2.927.154            Lubricants
        Bahan kimia                                          673.969               797.671            Chemicals
        Bahan pasir mortar                                    49.186                49.186            Mortar sand

     Subjumlah                                            60.530.594            52.328.974          Subtotal

     Barang dalam proses                                                                            Work in process
        Terak                                             52.254.116            24.750.013            Clinker
        Batu kapur                                         2.131.526             3.471.915            Limestone
        Raw mill                                           3.137.239             3.175.664            Raw mill
        Tanah liat                                           653.573             2.262.896            Clay

     Subjumlah                                            58.176.454            33.660.488          Subtotal

     Barang jadi                                                                                    Finished goods
        Semen bungkus                                      2.188.969             2.019.658             Bagged cement
        Semen curah                                       12.955.198            11.022.646             Bulk cement
        White clay                                           778.823               472.866             White clay
        Mortar                                               189.168               163.888             Mortar

     Subjumlah                                            16.112.158            13.679.058          Subtotal
     Suku cadang dan lain-lain                           145.994.436          163.096.872           Spare parts and others

     Jumlah persediaan                                   280.813.642          262.765.392           Total inventories
     Cadangan keusangan/kerugian nilai                   (34.913.671)          (36.445.551)         Allowance for obsolescence/losses

     Jumlah                                              245.899.971          226.319.841           Total

     Pada tanggal 31 Desember 2023 dan 2022 seluruh                            As of December 31, 2023 and 2022 all inventories
     persediaan diasuransikan pada PT Asuransi BRI                             were insured to PT Asuransi BRI Indonesia with the
     Indonesia dengan nilai pertanggungan masing-                              coverage value amounting to Rp326,832,091.
     masing sebesar Rp326.832.091.

     Manajemen berpendapat bahwa, nilai pertanggungan                          Management believes that the insurance coverage is
     asuransi tersebut telah memadai untuk menutupi                            adequate to cover possible losses arising from such
     kerugian yang mungkin timbul dari risiko-risiko                           risks.
     tersebut.

     Mutasi cadangan persediaan usang atau kerugian                            The movements of allowance for obsolence or losses
     nilai adalah sebagai berikut:                                             inventories are as follows:

                                                          2023                 2022

     Saldo awal                                          (36.445.551)        (33.943.599)        Beginning balance
     Pemulihan (penambahan)                                1.531.880          (2.501.952)        Recovery (addition)

     Saldo akhir                                         (34.913.671)        (36.445.551)        Ending balance

     Manajemen berpendapat bahwa cadangan kerugian                             The management believes that the allowance for
     di atas adalah cukup untuk menurunkan nilai tercatat                      obsolescence/losses is sufficient to reduce the
     persediaan ke nilai realisasi bersihnya.                                  carrying amounts of inventories to its net realizable
                                                                               values.



                                                                    - 38 -

 686
                                                                             Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                          keuangan konsolidasi secara keseluruhan
Page 689
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                    PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                     FOR THE YEARS ENDED
2023 DAN 2022                                                                                            DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                        (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                   unless otherwise stated) - Continued

9.     BEBAN DIBAYAR DIMUKA                                                        9.     PREPAID EXPENSES

                                                                 2023                     2022

        Asuransi                                                 2.617.771               22.718.611     Insurance
        Pajak bumi dan bangunan                                    534.632                  475.965     Property tax
        Lain-lain                                                   36.238                   98.524     Others

        Jumlah                                                   3.188.641               23.293.100     Total


10.    UANG MUKA                                                                  10. ADVANCES

                                                                 2023                     2022

        Uang muka pembelian                                      1.480.028                3.432.385     Purchase advance payment
        Uang muka karyawan                                         794.144                3.273.917     Employee advance

        Jumlah                                                   2.274.172                6.706.302     Total


11.    ASET KEUANGAN LANCAR LAINNYA                                                11. OTHER CURRENT FINANCIAL ASSETS

                                                                  2023                    2022

        Piutang klaim asuransi                                                                          Insurance claim receivables
           Pihak berelasi (Catatan 35e)                             972.087                       -          Related party (Note 35e)
        Pendapatan bunga deposito                                                                        Interest income of deposits
           Pihak berelasi (Catatan 35e)                               6.335                 329.930          Related party (Note 35e)
           Pihak ketiga                                              52.563                  46.872          Third parties
        Aset lancar lainnya                                          76.181                       -     Other current assets

        Jumlah                                                   1.107.166                  376.802      Total




                                                                                - 39 -

                                                                                                                                                   687
 The accompanying notes form an integral part of these consolidated financial
                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 690
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                    PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                     FOR THE YEARS ENDED
2023 DAN 2022                                                                                            DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                        (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                   unless otherwise stated) - Continued

 12.   ASET TETAP                                                              12. FIXED ASSETS

       Aset tetap terdiri dari aset tetap kepemilikan                                     Property, plant and equipment consist of direct
       langsung, aset hak guna, dan aset tetap dalam                                      ownership, right of use assets, and construction in
       pembangunan. Komposisi dan ikhtisar mutasi aset                                    progress. The composition and balance movements
       tetap dan akumulasi penyusutannya pada tanggal                                     of fixed assets as well as the accumulated
       31 Desember 2023 dan 2022 adalah sebagai berikut:                                  depreciations as of December 31, 2023 and 2022 are
                                                                                          presented as follows:

                                             1 Januari/                                                        31 Desember/
                                            January 1,      Penambahan/   Pengurangan/      Reklasifikasi/     December 31,
                                               2023          Additions     Deductions      Reclassifications       2023

       Harga perolehan                                                                                                         Acquisition cost
       Kepemilikan langsung                                                                                                    Direct ownership
        Tanah                                 134.169.236       208.971              -          14.472.977       148.851.184   Land
        Tanah tambang                          75.686.856        91.560       (367.324)                  -        75.411.092   Mining properties
        Bangunan dan infrastruktur          1.549.641.417     6.950.341              -           8.805.687     1.565.397.445   Buildings and infrastructures
        Mesin                               3.588.159.906    28.781.749              -          17.286.948     3.634.228.603   Machinery
        Peralatan berat dan kendaraan         187.960.579       452.100              -             631.314       189.043.993   Heavy equipment and vehicles
        Peralatan kantor                       86.812.664     1.920.162              -           5.845.000        94.577.826   Office equipment

       Subjumlah                            5.622.430.658    38.404.883       (367.324)          47.041.926    5.707.510.143   Subtotal
       Aset dalam pembangunan                  74.218.929    60.602.286    (12.064.436)         (46.410.612)      76.346.167   Construction in progress
       Subjumlah                            5.696.649.587    99.007.169    (12.431.760)             631.314    5.783.856.310   Subtotal

       Aset hak guna                                                                                                           Right of use assets
         Tanah                               107.986.606              -              -                    -      107.986.606     Land
         Bangunan                             10.661.255              -              -                    -       10.661.255     Building
         Kendaraan                             7.645.162      2.385.017              -             (631.314)       9.398.865     Vehicles
         Alat berat                           15.189.012              -              -                    -       15.189.012     Heavy equipment
       Subjumlah                             141.482.035      2.385.017              -             (631.314)     143.235.738   Subtotal

       Jumlah harga perolehan               5.838.131.622   101.392.186    (12.431.760)                    -   5.927.092.048   Total acquisition cost

       Akumulasi penyusutan                                                                                                    Accumulated depreciation
         Tanah tambang                          6.889.017       660.215              -                    -        7.549.232    Mining properties
         Bangunan dan infrastruktur           365.059.642    42.436.670              -                    -      407.496.312    Buildings and infrastructures
         Mesin                              1.169.241.831   145.489.534              -                    -    1.314.731.365    Machinery
         Peralatan berat dan kendaraan         96.493.193    12.644.687              -              631.314      109.769.194    Heavy equipment and vehicles
         Peralatan kantor                      79.320.900     3.361.588              -                    -       82.682.488    Office equipment
       Subjumlah                            1.717.004.583   204.592.694              -              631.314    1.922.228.591   Subtotal

       Aset hak guna                                                                                                           Right of use assets
        Tanah                                  13.904.033     4.634.677              -                    -       18.538.710    Land
        Bangunan                                7.418.452     2.316.922              -                    -        9.735.374    Building
        Kendaraan                               6.811.197     1.008.467              -             (631.314)       7.188.350    Vehicles
         Alat berat                            11.152.032     2.849.633              -                    -       14.001.665    Heavy equipment

       Subjumlah                               39.285.714    10.809.699              -             (631.314)      49.464.099   Subtotal

       Jumlah akumulasi penyusutan          1.756.290.297   215.402.393              -                     -   1.971.692.690   Total accumulated depreciation

       Nilai buku                           4.081.841.325                                                      3.955.399.358   Net book value




                                                                            - 40 -

688
                                                                                   Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
            PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                                keuangan konsolidasi secara keseluruhan
Page 691
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                     PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                 FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                      FOR THE YEARS ENDED
2023 DAN 2022                                                                                             DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                         (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                    unless otherwise stated) - Continued

                                         1 Januari/                                                            31 Desember/
                                         January 1,     Penambahan/   Pengurangan/         Reklasifikasi/      December 31,
                                           2022 *)       Additions     Deductions         Reclassifications       2022 *)

    Harga perolehan                                                                                                              Acquisition cost
    Kepemilikan langsung                                                                                                         Direct ownership
     Tanah                                134.169.236             -               -                     -        134.169.236     Land
     Tanah tambang                         46.074.477       411.050               -            29.201.329         75.686.856     Mining properties
     Bangunan dan infrastruktur         1.536.804.784     3.997.114         (59.600)            8.899.119      1.549.641.417     Buildings and infrastructures
     Mesin                              3.483.742.564    14.761.519      (1.659.239)           91.315.062      3.588.159.906     Machinery
     Peralatan berat dan kendaraan        145.396.627     2.427.732        (355.863)           40.492.083        187.960.579     Heavy equipment and vehicles
     Peralatan kantor                      72.741.922     1.784.054        (102.428)           12.389.116         86.812.664     Office equipment

    Subjumlah                           5.418.929.610    23.381.469      (2.177.130)          182.296.709      5.622.430.658     Subtotal
    Aset dalam pembangunan                 55.403.184    62.426.476      (3.041.857)          (40.568.874)        74.218.929     Construction in progress
    Subjumlah                           5.474.332.794    85.807.945      (5.218.987)          141.727.835      5.696.649.587     Subtotal

    Aset hak guna                                                                                                                Right of use assets
      Tanah                              107.986.606              -                 -                   -        107.986.606       Land
      Bangunan                            10.661.255              -                 -                   -         10.661.255       Building
      Kendaraan                          148.371.728      1.001.269                 -        (141.727.835)         7.645.162       Vehicles
      Alat Berat                          15.189.012              -                 -                   -         15.189.012       Heavy equipment
    Subjumlah                            282.208.601      1.001.269                 -        (141.727.835)       141.482.035     Subtotal

    Jumlah harga perolehan              5.756.541.395    86.809.214      (5.218.987)                      -    5.838.131.622     Total acquisition cost

    Akumulasi penyusutan                                                                                                         Accumulated depreciation
      Tanah tambang                         5.805.585     1.083.432               -                      -         6.889.017      Mining properties
      Bangunan dan infrastruktur          325.560.807    41.991.195         (59.600)            (2.432.760)      365.059.642      Buildings and infrastructures
      Mesin                             1.023.611.717    84.312.314      (1.659.239)            62.977.039     1.169.241.831      Machinery
      Peralatan berat dan kendaraan        97.600.222    20.767.871        (355.863)           (21.519.037)       96.493.193      Heavy equipment and vehicles
      Peralatan kantor                     61.751.029     5.634.861        (102.428)            12.037.438        79.320.900      Office equipment
    Subjumlah                           1.514.329.360   153.789.673      (2.177.130)           51.062.680      1.717.004.583     Subtotal

    Aset hak guna                                                                                                                Right of use assets
     Tanah                                 9.269.356      4.634.677                 -                    -        13.904.033      Land
     Bangunan                              4.754.391      2.664.061                 -                    -         7.418.452      Building
     Kendaraan                            56.663.386      1.210.491                 -          (51.062.680)        6.811.197      Vehicles
      Alat berat                           8.302.399      2.849.633                 -                    -        11.152.032      Heavy equipment

    Subjumlah                             78.989.532     11.358.862                 -          (51.062.680)       39.285.714     Subtotal

    Jumlah akumulasi penyusutan         1.593.318.892   165.148.535      (2.177.130)                      -    1.756.290.297    Total accumulated depreciation

    Nilai buku                          4.163.222.503                                                          4.081.841.325     Net book value

    *) Disajikan kembali (Catatan 41)                                                                                           *) As restated (Note 41)

    Beban penyusutan yang dibebankan pada laporan                                           Depreciation expense charged to the consolidated
    laba rugi dan penghasilan komprehensif lain                                             statements of profit or loss and other comprehensive
    konsolidasian sebagai berikut:                                                          income as follows:

                                                               2023                      2022 *)

    Beban pokok penjualan (Catatan 28)                      191.707.465                 137.233.710           Cost of sales (Note 28)
    Beban umum dan administrasi                                                                               General and administrative expenses
       (Catatan 30)                                          18.085.030                  21.881.210              (Note 30)
    Beban penjualan (Catatan 29)                              5.609.898                   6.033.615           Selling expenses (Note 29)

    Jumlah                                                  215.402.393                 165.148.535           Total

    *) Disajikan kembali (Catatan 41)                                                                         *) As restated (Note 41)




                                                                            - 41 -

                                                                                                                                                                  689
     The accompanying notes form an integral part of these consolidated financial
                                                                                                                  2023 Annual Report ∙ PT Semen Baturaja Tbk
     statements as a whole
Page 692
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                             PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                         FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                              FOR THE YEARS ENDED
2023 DAN 2022                                                                                     DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                 (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                            unless otherwise stated) - Continued

      Rincian aset tetap dalam pembangunan pada tanggal                            The details of construction in progress as of
      31 Desember 2023 dan 2022 adalah sebagai berikut:                            December 31, 2023 and 2022 as follows:

                                                                       2023
                                                   Biaya            Persentase         Estimasi
                                                 kumulatif/        penyelesaian/     penyelesaian/
                                                Accumulated         Percentage       Estimated of
                                                   cost            of completion      completion
      Nama Proyek                                                                                         Project Names
      Bangunan pabrik,                                                                                    Manufacturing buildings, non
        non pabrik, sarana                                                                                  manufacturing, facilities and
        prasarana dan tanah                           65.995.659       3% - 80%        2024-2025            land
      Eksplorasi tambang baru                         10.350.508            77%          2024             New mine exploration

      Jumlah                                          76.346.167                                          Total

                                                                       2022
                                                  Biaya             Persentase        Estimasi
                                                kumulatif/         penyelesaian/    penyelesaian/
                                               Accumulated          Percentage      Estimated of
                                                  cost             of completion     completion
      Nama proyek                                                                                        Projects name
      Bangunan pabrik,                                                                                   Manufacturing buildings, non
        non pabrik, sarana                                                                                 manufacturing, facilities and
        prasarana dan tanah                           45.592.306      1% - 95%        2023-2024            land
      Mesin pabrik                                    16.691.948            95%         2023             Machineries
      Terminal stasiun Jambi                           7.280.257             2%         2024             Jambi terminal station
      Pabrik Baturaja III                              2.723.368             3%         2024             Baturaja III plant
      Eksplorasi tambang baru                          1.931.050            29%         2024             New mine exploration

      Jumlah                                          74.218.929                                         Total

      Hak atas tanah Grup berupa Sertifikat Hak Milik                              The Grup land represents freehold land (“SHM”) and
      (“SHM”) dan Sertifikat Hak Guna Bangunan                                     land-use rights (“SHGB”). The SHGB will expire
      (“SHGB”). SHGB memiliki masa berlaku antara tahun                            between 2038 to 2044. Management believes that
      2038 hingga 2044. Manajemen berpendapat bahwa                                the SHGB are extendable.
      SHGB tersebut dapat diperpanjang.

      Pada tanggal dan 31 Desember 2023 dan 2022, aset                             As of December 31, 2023 and 2022, fixed assets
      tetap telah diasuransikan kepada PT BRI Asuransi                             were insurred to PT BRI Asuransi Indonesia and PT
      Indonesia dan PT Asuransi Jasa Indonesia (Persero)                           Asuransi Jasa Indonesia (Persero) in all risk,
      dalam all risk, machinery breakdown, business                                machinery breakdown, business interruption, public
      interruption, public liability, kendaraan bermotor, alat                     liability, vehicles, heavy equiptment, earthquake, and
      berat, earthquake dan risiko lainnya dengan jumlah                           other risk with total coverage respectively of
      pertanggungan            masing-masing         sebesar                       Rp18,453,989,978 and Rp9,753,067,558.
      Rp18.453.989.978 dan Rp9.753.067.558.

      Manajemen      berpendapat    bahwa    jumlah                                Management believes that the insurance coverage is
      pertanggungan asuransi tersebut memadai untuk                                adequate to cover possible losses on the assets
      menutup kemungkinan kerugian atas aset yang                                  insured.
      dipertanggungkan.




                                                                        - 42 -

690
                                                                            Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                         keuangan konsolidasi secara keseluruhan
Page 693
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                    PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                     FOR THE YEARS ENDED
2023 DAN 2022                                                                                            DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                        (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                   unless otherwise stated) - Continued

       Pada tanggal 31 Desember 2023 dan 2022, jumlah                                      As of December 31, 2023 and 2022 gross carrying
       tercatat bruto dari setiap aset tetap yang telah                                    value of each fixed assets have been fully
       disusutkan penuh dan masih digunakan adalah                                         depreciated and still in used are as follows:
       sebagai berikut:
                                                                 2023                      2022
       Harga perolehan:                                                                                        Acquisition cost:
       Mesin                                                  344.337.273                276.464.074           Machinery
       Bangunan dan infrastruktur                              72.549.860                 67.791.218           Buildings and infrastructures
       Peralatan berat                                         14.174.742                 60.557.658           Heavy equipment
       Peralatan kantor                                        52.389.147                 54.450.429           Office equipment
       Kendaraan bermotor                                      10.339.904                 12.290.624           Vehicles

       Jumlah                                                 493.790.926                471.554.003           Total

       Keuntungan atas pelepasan aset tetap pada tanggal                                   Gain on disposal of fixed assets as of December 31,
       31 Desember 2023 dan 2022 yang diakui pada                                          2023 and 2022 recognized in other income are as
       pendapatan operasi lainnya adalah sebagai berikut:                                  follows:

                                                                 2023                      2022

       Nilai jual                                                           -                146.632           Selling price
       Nilai buku                                                           -                      -           Book value

       Jumlah                                                               -                146.632           Total

       Pada tanggal 31 Desember 2023 dan 2022, Grup                                        As of December 31, 2023 and 2022, the Group
       berpendapat bahwa tidak ada indikasi penurunan                                      believes there is no indication of impairment in the
       nilai aset tetap.                                                                   value of fixed assets.


13.    ASET TAKBERWUJUD                                                            13.     INTANGIBLE ASSETS

       Pada tanggal 31 Desember 2023 dan 2022,                                             As of December 31, 2023 and 2022, the composition
       komposisi dan ikhtisar mutasi masing-masing aset                                    and summary of the movements of each intangible
       takberwujud berikut akumulasi penyusutannya                                         assets and its accumulated amortization are as
       adalah sebagai berikut:                                                             follows:

                                          1 Januari/                                                             31 Desember/
                                          January 1,     Penambahan/     Pengurangan/       Reklasifikasi/       December 31,
                                            2023          Additions       Deductions       Reclassifications         2023

       Harga perolehan                                                                                                              Acquisition cost
       Kepemilikan langsung                                                                                                         Direct ownership
       Hak atas tanah                       1.323.874                -               -                    -           1.323.874     Landrights
       Lisensi                              6.502.137                -               -                    -           6.502.137     Licenses
       Piranti perangkat lunak             61.309.955                -               -            6.855.000          68.164.955     Computer software

       Subjumlah                           69.135.966                -               -            6.855.000          75.990.966     Subtotal

       Aset takberwujud dalam                                                                                                       Intangible assets in
         pembangunan                                                                                                                  progress
       Piranti perangkat lunak              2.412.500       5.308.000                -           (6.855.000)            865.500     Computer software

       Subjumlah                           71.548.466       5.308.000                -                     -         76.856.466     Subtotal

       Akumulasi amortisasi                                                                                                        Accumulated amortization
       Kepemilikan langsung                                                                                                        Direct ownership
       Hak atas tanah                       1.025.037          47.792                -                     -          1.072.829    Landrights
       Lisensi                              6.047.109         325.607                -                     -          6.372.716    Licenses
       Piranti perangkat lunak             44.290.002      12.927.398                -                     -         57.217.400    Computer software

       Subjumlah                           51.362.148      13.300.797                -                     -         64.662.945     Subtotal

       Nilai buku                          20.186.318                                                                12.193.521     Net book value




                                                                                - 43 -

                                                                                                                                                              691
  The accompanying notes form an integral part of these consolidated financial
                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
  statements as a whole
Page 694
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                  PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                              FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                   FOR THE YEARS ENDED
2023 DAN 2022                                                                                          DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                      (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                 unless otherwise stated) - Continued

                                         1 Januari/                                                          31 Desember/
                                         January 1,       Penambahan/   Pengurangan/      Reklasifikasi/     December 31,
                                           2022            Additions     Deductions      Reclassifications       2022

     Harga perolehan                                                                                                          Acquisition cost
     Kepemilikan langsung                                                                                                     Direct ownership
     Hak atas tanah                         1.323.874               -               -                   -         1.323.874   Landrights
     Lisensi                                6.502.137               -               -                   -         6.502.137   Licenses
     Piranti perangkat lunak               54.756.223         203.732               -           6.350.000        61.309.955   Computer software

     Subjumlah                             62.582.234         203.732               -           6.350.000        69.135.966   Subtotal

     Aset takberwujud dalam                                                                                                   Intangible assets in
       pembangunan                                                                                                              progress
     Piranti perangkat lunak                4.416.500       4.645.000       (299.000)          (6.350.000)        2.412.500   Computer software

     Subjumlah                             66.998.734       4.848.732       (299.000)                    -       71.548.466   Subtotal

     Akumulasi amortisasi                                                                                                     Accumulated amortization
     Kepemilikan langsung                                                                                                     Direct ownership
     Hak atas tanah                           977.248          47.789               -                    -        1.025.037   Landrights
     Lisensi                                5.595.038         452.071               -                    -        6.047.109   Licenses
     Piranti perangkat lunak               32.529.383      11.760.619               -                    -       44.290.002   Computer software

     Subjumlah                             39.101.669      12.260.479               -                    -       51.362.148   Subtotal

     Nilai buku                            27.897.065                                                            20.186.318   Book value


     Hak atas tanah                                                                     Landrights
     Merupakan biaya perpanjangan hak atas tanah di                                     Represent cost to extend the landright in Baturaja,
     Baturaja,    Palembang,     dan    Lampung yang                                    Palembang, and Lampung which amortized for 30
     diamortisasi selama 30 (tiga puluh) tahun.                                         (thirty) years.

     Lisensi                                                                            Licenses

     Merupakan biaya izin penggunaan suatu perangkat                                    Represent a license fee for the use of an information
     lunak sistem informasi yang diamortisasi selama 5                                  system software which amortized over 5 (five) years.
     (lima) tahun.

     Piranti perangkat lunak                                                            Computer software
     Merupakan biaya atas piranti perangkat lunak yang                                  Represent a computer software which amortized
     diamortisasi selama 5 (lima) tahun. Pada tahun 2019,                               over 5 (five) years and in 2019, the Company has
     Perusahaan telah melakukan tahap implementasi                                      carried out the implementation phase of the ERP
     terhadap ERP (Enterprise Resource Planning) SAP                                    (Enterprise Resource Planning) SAP (Systems
     (Systems Application and Products in Data                                          Applications and Products in Data Processing) with
     Processing) bekerja sama dengan PT Telkom                                          PT Telkom Indonesia (Persero) Tbk and go live early
     Indonesia (Persero) Tbk dan telah go live pada                                     on January 2, 2019 and amortized over 5 (five) years.
     tanggal 2 Januari 2019 dan diamortisasi selama
     5 (lima) tahun.

     Beban amortisasi dibebankan pada laporan laba rugi                                 Amortization expense charged to consolidated
     dan penghasilan komprehensif lain konsolidasian                                    statements of profit or loss and other comprehensive
     sebagai berikut:                                                                   income as follows:

                                                               2023                     2022

     Beban umum dan administrasi                                                                        General and administrative expenses
        (Catatan 30)                                          11.417.723             11.875.218             (Note 30)
     Beban pokok penjualan (Catatan 28)                        1.858.348                362.595         Cost of sales (Note 28)
     Beban penjualan (Catatan 29)                                 24.726                 22.666         Selling expenses (Note 29)

     Jumlah                                                   13.300.797             12.260.479          Total

     Pada tanggal 31 Desember 2023 dan 2022, Grup                                       As of December 31, 2023 and 2022, the Group
     berpendapat bahwa tidak ada indikasi penurunan                                     believes there is no indication of impairment in the
     nilai aset takberwujud.                                                            value of intangible assets.



                                                                           - 44 -

 692
                                                                                    Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                                 keuangan konsolidasi secara keseluruhan
Page 695
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                  PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                              FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                   FOR THE YEARS ENDED
2023 DAN 2022                                                                                          DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                      (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                 unless otherwise stated) - Continued

 14.   ASET TIDAK LANCAR LAINNYA                                                  14. OTHER NONCURRENT ASSETS

                                                                  2023                  2022*)

        Aset keuangan                                                                                 Financial assets
        Klaim yang masih harus diterima                         24.424.292              24.424.292    Claims that still has to be accepted
        Cadangan penurunan nilai                                (5.272.776)             (2.584.715)   Allowance of impairment
        Subjumlah                                               19.151.516              21.839.577    Subtotal

        Piutang denda                                           26.886.449              27.355.303    Penalty of trade receivable
        Cadangan piutang denda                                 (26.886.449)            (27.355.303)   Allowance penalty of trade receivable
        Subjumlah                                                        -                       -    Subtotal

        Deposito yang dibatasi penggunaannya                    21.958.829              95.552.365    Restricted deposits
        Uang jaminan                                            17.861.760              17.861.760    Cash deposits

        Aset nonkeuangan                                                                              Nonfinancial assets
        Lain-lain                                                1.821.017               2.496.949    Others

        Subjumlah                                               41.641.606             115.911.074    Subtotal

        Jumlah                                                  60.793.122             137.750.651    Total

        *Disajikan kembali (Catatan 41)                                                               *As restated (Note 41)

       Klaim yang masih harus diterima                                                   Claims that still has to be accepted

       Klaim mesin pabrik yang masih harus diterima                                      The plant machinery claim that still needs to be
       merupakan penggantian atas mesin dalam masa                                       received is a replacement of the machine within the
       garansi kepada Tianjin Cement Industry Design and                                 warranty period to the Tianjin Cement Industry
       Research Institute Co. Ltd sesuai dengan                                          Design and Research Institute Co. Ltd in accordance
       kesepakatan kontrak kerja (Catatan 36).                                           with the work contract agreement (Note 36).

       Piutang denda                                                                     Penalty of trade receivable

       Piutang denda merupakan denda distributor sebagai                                 Penalty of trade receivable represents penalty
       akibat keterlambatan membayar pokok piutang atas                                  charged to the Company’s distributors as a result of
       pembelian semen.                                                                  the delay of the payment of receivables from
                                                                                         purchasing cement transactions.

       Deposito yang dibatasi penggunaannya                                              Restricted deposits

       Deposito yang dibatasi penggunaannya merupakan                                    Restricted time deposits represent deposits used for
       deposito yang digunakan untuk jaminan restorasi                                   collateral for mining land restoration and collateral for
       tanah tambang dan jaminan atas pinjaman entitas                                   loans from subsidiary.
       anak.

       Uang jaminan                                                                      Cash deposits

       Merupakan uang jaminan kepada PT Perusahaan                                       Represent cash deposits to PT Perusahaan Listrik
       Listrik Negara (Persero).                                                         Negara (Persero).

       Lain-lain                                                                         Others

       Merupakan klaim atas pembayaran pesangon                                          Represents a claim for employee severance payment
       karyawan yang dibayarkan terlebih dahulu oleh                                     which is paid in advance by the Company and
       Perusahaan dan kegiatan bersifat umum yang                                        general activities that have a useful life of one
       mempunyai masa manfaat selama satu periode                                        accounting period and claim for tax refund of
       akuntansi dan klaim atas pengembalian pajak entitas                               subsidiary.
       anak.




                                                                              - 45 -

                                                                                                                                                    693
   The accompanying notes form an integral part of these consolidated financial
                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
   statements as a whole
Page 696
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                        PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                    FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                         FOR THE YEARS ENDED
2023 DAN 2022                                                                                DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                            (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                       unless otherwise stated) - Continued

15. UTANG USAHA                                                         15. TRADE PAYABLES

                                                            2023                2022

    Utang usaha                                                                                  Trade payables
       Pihak berelasi (Catatan 35i)                                                                 Related parties (Note 35i)
          Rupiah                                          108.627.459        109.744.532               Rupiah
       Pihak ketiga                                                                                 Third parties
          Rupiah                                          153.224.041        117.842.447               Rupiah
         Subjumlah                                        261.851.500        227.586.979              Subtotal

    Utang usaha terkait perjanjian                                                               Trade payables under
       supplier financing                                                                           supplier financing arrangement
       Pihak berelasi (Catatan 35i)                                                                  Related parties (Note 35i)
          Rupiah                                           13.457.393         11.511.761               Rupiah
       Pihak ketiga                                                                                  Third parties
          Rupiah                                          142.050.189         72.127.865                Rupiah
         Subjumlah                                        155.507.582         83.639.626              Subtotal

    Jumlah                                                417.359.082        311.226.605          Total


 16. UTANG LAIN-LAIN                                                    16. OTHER PAYABLES

                                                            2023               2022

        Utang lain-lain                                                                         Other payables
           Pihak berelasi (Catatan 35j)                                                            Related parties (Note 35j)
              Rupiah                                        2.856.138         21.373.056               Rupiah
           Pihak ketiga                                                                            Third parties
              Rupiah                                       47.193.592         45.972.723               Rupiah

           Jumlah                                          50.049.730         67.345.779             Total



17. PERPAJAKAN                                                               17. TAXATION

   a.     Pajak Dibayar Dimuka                                                 a.      Prepaid Taxes

                                                            2023               2022 *)
           Perusahaan                                                                             The Company
           Pajak penghasilan badan:                                                               Corporate income tax:
            pasal 28a                                       2.430.101               788.427        article 28a

           Entitas anak                                                                           Subsidiary
           Pajak pertambahan nilai                          1.058.253               792.605       Value added tax
           Pajak penghasilan badan:                                                               Corporate income tax:
            pasal 28a                                         394.914           1.372.514          article 28a
           Jumlah                                           3.883.268           2.953.546         Total

           *Disajikan kembali (Catatan 41)                                                       *As restated (Note 41)




                                                                    - 46 -

694
                                                                          Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                       keuangan konsolidasi secara keseluruhan
Page 697
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                    PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                     FOR THE YEARS ENDED
2023 DAN 2022                                                                                            DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                        (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                   unless otherwise stated) - Continued

      b.   Utang Pajak                                                                           b.     Taxes Payable

                                                                  2023                     2022
           Perusahaan                                                                                       The Company
           Pajak pertambahan nilai                                7.752.694                9.056.714        Value added tax
           Pajak pertambahan nilai wapu                           9.615.972                7.257.493        Collected value added tax
           Pajak mineral bukan logam                                                                        Nonmetal mineral and
              dan batuan                                          1.617.643                 858.704            rocks tax
           Pajak penghasilan:                                                                               Income tax:
              Pasal 4 (ayat 2)                                      319.445                   94.839           Article 4 (paragraph 2)
              Pasal 15                                               13.486                        -           Article 15
              Pasal 21                                            5.163.244                1.191.046           Article 21
              Pasal 22                                              631.029                1.370.143           Article 22
              Pasal 23/26                                           880.590                  837.698           Article 23/26

           Subjumlah                                             25.994.103               20.666.637        Subtotal

           Entitas anak                                                                                     Subsidiary
           Pajak penghasilan:                                                                               Income tax:
              Pasal 4 (ayat 2)                                         1.855                  14.189           Article 4 (paragraph 2)
              Pasal 21                                                12.084                   6.674           Article 21
              Pasal 23/26                                             23.373                  16.175           Article 23/26
              Utang pajak lainnya                                    431.441               4.788.579           Other taxes payable

           Subjumlah                                                 468.753               4.825.617        Subtotal

           Jumlah                                                26.462.856               25.492.254        Total

 c.        Beban Pajak Penghasilan                                                          c.        Income Tax Expenses

                                                                  2023                    2022 *)
           Perusahaan                                                                                       The Company
           Pajak tangguhan                                       38.836.849               23.182.559        Deferred tax
           Entitas anak                                                                                     Subsidiary
           Pajak kini                                             1.069.137                        -        Current tax
           Pajak tangguhan                                        1.104.887                1.580.351        Deferred tax

                                                                  2.174.024                1.580.351
           Konsolidasian                                                                                    Consolidated
           Pajak kini                                             1.069.137                        -        Current tax
           Pajak tangguhan                                       39.941.736               24.762.910        Deferred tax

           Jumlah                                                41.010.873               24.762.910        Total

           *Disajikan kembali (Catatan 41)                                                                 *As restated (Note 41)




                                                                                 - 47 -

                                                                                                                                                        695
  The accompanying notes form an integral part of these consolidated financial
                                                                                                           2023 Annual Report ∙ PT Semen Baturaja Tbk
  statements as a whole
Page 698
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                           PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                       FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                            FOR THE YEARS ENDED
2023 DAN 2022                                                                                   DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                               (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                          unless otherwise stated) - Continued

      Rekonsiliasi antara laba sebelum pajak penghasilan                          A reconciliation between profit before corporate
      yang    ditujukan     dalam    laporan      keuangan                        income tax in consolidated financial statement and
      konsolidasian dengan taksiran laba (rugi) fiskal:                           estimate of fiscal taxable income (losses), is as
                                                                                  follows:

                                                           2023                  2022 *)

      Laba konsolidasian sebelum pajak                                                          Consolidated profit before
         penghasilan                                    162.583.378             102.080.731         income tax
      Dikurangi:                                                                                Less:
      Laba (rugi) sebelum pajak penghasilan                                                     Profit (loss) before subsidiary
         entitas anak                                      4.677.615             (7.241.193)       income tax
      Laba sebelum pajak penghasilan                                                            Profit before income tax of the
         Perusahaan                                     157.905.763             109.321.924         Company

      Perbedaan permanen:                                                                       Permanent differences:
         Pendapatan bunga yang                                                                     Interest income charged
            telah dikenakan pajak final                   (5.706.313)           (11.813.399)           with final income tax
         Beban operasional yang                                                                    Non deductible operating
            tidak boleh dikurangkan                      12.268.103              17.921.633            expense
         Sumbangan                                        3.932.705               2.677.831        Donation
         Penyusutan aset tetap                            7.360.810               7.649.165        Depreciation of fixed assets
         Promosi                                          1.791.852               3.681.511        Promotions
         Lain-lain                                       (1.021.773)             45.720.995        Others

      Jumlah perbedaan permanen                          18.625.384              65.837.736     Total permanent differences

      Perbedaan waktu:                                                                          Timing differences:
         Penyusutan aset tetap                           (66.853.593)       (140.643.771)           Depreciation of fixed assets
         Beban imbalan kerja                             (33.725.343)          1.401.868            Employee benefits expenses
         Penyisihan piutang                              (33.829.074)          1.892.756            Receivable allowance
         Penyisihan persediaan                            (1.531.880)          2.378.798            Inventories allowance
         Provisi biaya bongkar                             2.158.490           2.064.993           Provision for unloading costs
         Sewa hak guna                                     6.718.628           6.762.398           Lease rights
         Lain-lain                                       (13.773.988)         34.382.535            Others
      Jumlah perbedaan waktu                            (140.836.760)           (91.760.423)    Total timing differences

      Laba fiskal sebelum                                                                       Taxable income before
         kompensasi rugi fiskal                          35.694.387              83.399.237        tax loss compensation

      Pemanfaatan rugi fiskal                            (35.694.387)           (83.399.237)    Utilization of tax loss

      Laba kena pajak Perusahaan                                   -                       -    Taxable income of the Company

      Beban pajak penghasilan                                                                   Current income tax expense
         kini Perusahaan                                           -                       -       of the Company

      *) Disajikan kembali (Catatan 41)                                                         *) As restated (Note 41)




                                                                       - 48 -

696
                                                                            Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                         keuangan konsolidasi secara keseluruhan
Page 699
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                             PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                         FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                              FOR THE YEARS ENDED
2023 DAN 2022                                                                                                     DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                                 (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                            unless otherwise stated) - Continued

          Perhitungan taksiran pajak penghasilan dan utang                                          The calculation of estimated taxable income and
          pajak penghasilan dengan tarif yang berlaku:                                              income tax payables using the prevailing rate:

                                                                    2023                         2022 *)

          Perusahaan                                                                                                   The Company
          Taksiran pajak                                                                                               Provision for corporate
          Penghasilan dengan tarif yang berlaku                                     -                          -       Income tax based on prevailing rate
          Dikurangi:                                                                                                   Less:
          Pajak penghasilan dibayar dimuka:                                                                            Prepaid income tax:
             Pasal 22                                               2.347.855                        721.888              Article 22
             Pasal 23                                                  82.246                         66.539              Article 23

          Lebih bayar pajak                                        (2.430.101)                      (788.427)          Overpayment tax

          Entitas anak                                                                                                 Subsidiary
          Taksiran pajak                                                                                               Provision for corporate
           penghasilan dengan tarif yang berlaku                    1.069.137                                  -          income tax based on prevailing rate
          Dikurangi:                                                                                                   Less:
          Pajak penghasilan dibayar dimuka:                                                                            Prepaid income tax:
             Pasal 22                                                  50.948                              -              Article 22
             Pasal 23                                               1.413.103                      1.372.514              Article 23
          Lebih bayar pajak                                          (394.914)                    (1.372.514)          Overpayment tax

          *Disajikan kembali (Catatan 41)                                                                              *As restated (Note 41)

 d.       Pajak Tangguhan                                                                                      d. Deferred Tax

                                                                    Dikreditkan             Dibebankan
                                                                   (dibebankan)            ke penghasilan
                                                                    ke laba rugi/        komprehensif lain/
                                                    1 Januari/       Credited            Charged to other      31 Desember/
                                                    January 1/     (charged) to           comprehensive        December 31/
                                                      2023         profit or loss             income               2023

          Liabilitas (aset) pajak tangguhan                                                                                        Deferred tax liabilites (assets)
          Perusahaan                                                                                                               The Company
          Penyusutan                               250.221.619      14.707.793                            -     264.929.412        Depreciation of fixed assets
          Kompensasi rugi fiskal                   (41.028.124)      7.852.762                            -     (33.175.362)       Compensation of tax losses
          Liabilitas imbalan kerja                 (13.597.758)      1.361.790                   (4.372.533)    (16.608.501)       Employee benefit liabilities
          Penyisihan penurunan nilai piutang       (68.568.751)      6.873.759                            -     (61.694.992)       Allowance for impairment of receivables
          Penyisihan penurunan nilai persediaan     (7.990.928)        337.014                            -      (7.653.914)       Allowance for impairment of inventories
          Provisi jangka panjang                   (10.763.404)       (552.901)                           -     (11.316.305)       Long term provision
          Aset hak guna                             22.394.805      (1.767.654)                           -      20.627.151        Right of use assets
          Liabilitas sewa                          (26.482.051)        233.655                            -     (26.248.396)       Lease liabilities
          Lain-lain                                (10.630.606)      9.790.630                            -        (839.976)       Others

          Subjumlah                                 93.554.801      38.836.849                   (4.372.533)    128.019.117        Subtotal

          Entitas anak                                                                                                             Subsidiary
          Penyusutan                                    210.661        (275.296)                         -             (64.635)    Depreciation of fixed assets
          Kompensasi rugi fiskal                     (1.135.552)      1.135.552                          -                   -     Compensation of tax losses
          Liabilitas imbalan kerja                     (111.858)        (32.543)                    47.843             (96.558)    Employee benefit liabilities
          Penyisihan penurunan nilai piutang        (11.589.499)        277.174                          -         (11.312.325)    Allowance for impairment of receivables

          Subjumlah                                 (12.626.248)      1.104.887                     47.843         (11.473.518)    Subtotal

          Jumlah                                    80.928.553      39.941.736                   (4.324.690)    116.545.598        Total




                                                                                        - 49 -

                                                                                                                                                                             697
      The accompanying notes form an integral part of these consolidated financial
                                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
      statements as a whole
Page 700
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                      PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                  FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                       FOR THE YEARS ENDED
2023 DAN 2022                                                                                              DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                          (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                     unless otherwise stated) - Continued

                                                                 Dikreditkan         Dibebankan
                                                                (dibebankan)       ke penghasilan
                                                                 ke laba rugi/    komprehensif lain/
                                                 1 Januari/       Credited        Charged to other      31 Desember/
                                                January 1/      (charged) to       comprehensive        December 31/
                                                  2022 *)       profit or loss         income              2022 *)

      Liabilitas (aset) pajak tangguhan                                                                                  Deferred tax liabilities (assets)
      Perusahaan                                                                                                         The Company
      Penyusutan                                219.279.989      30.941.630                        -     250.221.619     Depreciation of fixed assets
      Kompensasi rugi fiskal                    (44.023.390)      2.995.266                        -     (41.028.124)    Compensation of tax losses
      Liabilitas imbalan kerja                  (10.961.427)       (308.411)              (2.327.920)    (13.597.758)    Employee benefit liabilities
      Penyisihan penurunan nilai piutang        (68.720.982)        152.231                        -     (68.568.751)    Allowance for impairment of receivables
      Penyisihan penurunan nilai persediaan      (7.467.592)       (523.336)                       -      (7.990.928)    Allowance for impairment of inventories
      Provisi jangka panjang                    (10.267.811)       (495.593)                       -     (10.763.404)    Long term provision
      Aset hak guna                              24.533.257      (2.138.452)                              22.394.805     Right of use assets
      Liabilitas sewa                           (27.132.776)        650.725                        -     (26.482.051)    Lease liabilities
      Lain-lain                                  (2.539.105)     (8.091.501)                       -     (10.630.606)    Others

      Subjumlah                                   72.700.163     23.182.559               (2.327.920)      93.554.801    Subtotal

      Entitas anak                                                                                                       Subsidiary
      Penyusutan                                      62.238         148.423                      -           210.661    Depreciation of fixed assets
      Kompensasi rugi fiskal                      (3.741.232)      2.605.680                      -        (1.135.552)   Compensation of tax losses
      Liabilitas imbalan kerja                      (151.433)         (9.978)                49.553          (111.858)   Employee benefit liabilities
      Penyisihan penurunan nilai piutang         (10.425.725)     (1.163.774)                     -       (11.589.499)   Allowance for impairment of receivables

      Subjumlah                                  (14.256.152)      1.580.351                 49.553       (12.626.248)   Subtotal

      Jumlah                                      58.444.011     24.762.910               (2.278.367)      80.928.553    Total

      *) Disajikan kembali (Catatan 41)                                                                                  *) As restated (Note 41)


      Terhadap aset pajak tangguhan di atas telah                                           The deferred tax asset above has been reviewed and
      dilakukan kaji ulang dan kemudian disimpulkan                                         then concluded that no impairment has to be
      bahwa tidak ada penurunan nilai yang harus diakui.                                    recognized.

      Rincian rugi fiskal Perusahaan sebagai berikut:
                                                                                            The Company's fiscal losses are as follows:

                                                                   2023                       2022

      Perusahaan                                                                                                The company
      Rugi fiskal 2019                                                    -                 23.456.419          Fiscal loss 2019
      Rugi fiskal 2020                                          101.972.514                114.210.483          Fiscal loss 2020
      Rugi fiskal 2021                                           48.824.571                 48.824.571          Fiscal loss 2021

      Jumlah                                                    150.797.085                186.491.473          Total

 e.   Surat Ketetapan Pajak                                                                  e. Tax Assessments

      Sampai dengan 31 Desember 2023, Perusahaan                                            As of December 31, 2023, the Company has received
      telah menerima pengembalian pajak atas                                                tax refunds for submitting objections to the 2018 Tax
      pengajuan      permohonan      keberatan   Hasil                                      Audit Results to the Regional Office for Large
      Pemeriksaan Pajak Tahun 2018 ke Kantor Wilayah                                        Taxpayers, including SKPKB PPh 22 and VAT
      Wajib Pajak Besar antara lain atas SKPKB PPh 22                                       amounting to Rp1,507,096 of which Rp200 is
      dan PPN sebesar Rp1.507.096 di mana Rp200                                             compensated for the tax debt. namely STP PPh 21
      dikompensasi ke utang pajak yaitu STP PPh 21                                          for the April 2023 period for the Palembang Branch
      Masa April 2023 atas NPWP Cabang Palembang                                            NPWP of Rp100, and STP PPh 23 for the August
      sebesar Rp100 dan STP PPh 23 Masa Agustus                                             2020 period for the Baturaja Branch NPWP of Rp100
      2020 atas NPWP Cabang Baturaja sebesar Rp100                                          so that the net value of the tax refund received by the
      sehingga nilai bersih pengembalian pajak yang                                         company is Rp1,506,896.
      diterima perusahaan adalah sebesar Rp1.506.896.




                                                                                 - 50 -

698
                                                                                     Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                                  keuangan konsolidasi secara keseluruhan
Page 701
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                    PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                     FOR THE YEARS ENDED
2023 DAN 2022                                                                                            DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                        (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                   unless otherwise stated) - Continued

      Perusahaan juga telah menerima pengembalian                                         The company has also received a tax refund for
      pajak atas pengajuan permohonan pengurangan                                         submitting an application for a reduction in STP VAT
      STP PPN Wapu pada pemeriksaan tahun pajak                                           Wapu for the 2018 tax year audit to the Large
      2018 ke Kantor Wilayah Wajib Pajak Besar sebesar                                    Taxpayer Regional Office amounting to Rp229,580 of
      Rp229.580     di   mana    sebesar     Rp169.776                                    which Rp169,776 was compensated for tax debt
      dikompensasi ke utang pajak antara lain SKP Hasil                                   including SKP from the Year Tax Audit Results 2017
      Pemeriksaan Pajak Tahun 2017 sebesar                                                amounting to Rp169,706, STP PPh 21 for the
      Rp169.706, STP PPh 21 Masa Desember 2020                                            December 2020 period for the Palembang Branch
      atas NPWP Cabang Palembang sebesar Rp70                                             NPWP amounting to Rp70, so that the net value of
      sehingga nilai bersih pengembalian pajak yang                                       the tax refund received by the company is equal to
      diterima perusahaan adalah sebesar Rp59.803.                                        Rp59,803. On January 20, 2023, the Company paid
      Pada tanggal 20 Januari 2023, Perusahaan telah                                      the remaining tax debt for the 2017 Tax Audit Result
      membayar sisa utang pajak atas SKP Hasil                                            SKP amounting to Rp1,418,472.
      Pemeriksaan Pajak Tahun 2017 sebesar
      Rp1.418.472.

      Pada tahun 2023, Perusahaan telah membayar STP                                      In 2023, the Company has paid STP PPh 21 for the
      PPh 21 Masa Juni 2023 atas NPWP Cabang Jakarta                                      June 2023 period on the NPWP of the Jakarta Branch
      sebesar Rp100, STP PPh 21 Masa Juni 2023 atas                                       amounting to Rp100, STP PPh 21 for the June 2023
      NPWP Cabang Baturaja sebesar Rp100, STP PPh                                         Period on the NPWP of the Baturaja Branch
      21 Masa Juni 2023 atas NPWP Cabang Palembang                                        amounting to Rp100, STP PPh 21 for the Period of
      sebesar Rp100 dan STP PPN Wapu Masa Juli 2023                                       June 2023 on the NPWP of the Palembang Branch
      sebesar Rp2.505.                                                                    amounting to Rp100, and Wapu VAT STP for the July
                                                                                          2023 period of Rp2,505.

      Pada Mei 2023, Perusahaan kembali menerima                                          In May 2023, the Company again received the Decree
      Surat Keputusan Direktur Jenderal Pajak No. KEP-                                    of the Director General of Taxes No. KEP-
      00056/SKPPKP/KPP.1903/2023                  tentang                                 00056/SKPPKP/KPP.1903/2023               concerning
      Pengembalian          Pendahuluan         Kelebihan                                 Preliminary Refund of Tax Overpayments on the 2022
      Pembayaran Pajak atas SPT Tahunan PPh Tahun                                         Annual Income Tax Return amounting to Rp788,427
      Pajak 2022 sebesar Rp788.427 dan pengembalian                                       and the tax refund has been received by Company.
      pajak tersebut telah diterima oleh Perusahaan.


 18. BEBAN AKRUAL                                                                    18. ACCRUED EXPENSES

                                                                2023                      2022

      Listrik                                                  25.853.989                14.828.209   Electricity
      Jasa profesional                                          5.517.544                 5.510.338   Professional fees
      Beban bunga                                               1.522.707                12.642.900   Interest expenses
      Lain-lain                                                 6.683.724                 7.381.336   Others

      Jumlah                                                   39.577.964                40.362.783   Total




                                                                                - 51 -

                                                                                                                                                   699
 The accompanying notes form an integral part of these consolidated financial
                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 702
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                            PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                        FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                             FOR THE YEARS ENDED
2023 DAN 2022                                                                                    DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                           unless otherwise stated) - Continued

 19. PINJAMAN BANK                                                                19. BANK LOANS

                                                           2023                  2022

      Kredit sindikasi                                                                          Syndicated loan
      PT Bank Negara Indonesia                                                                  PT Bank Negara Indonesia
         (Persero) Tbk                                  483.903.592         683.400.000            (Persero) Tbk
      PT Bank Mandiri (Persero) Tbk                     134.417.665                   -         PT Bank Mandiri (Persero) Tbk
      PT Bank HSBC Indonesia                            134.417.665                   -         PT Bank HSBC Indonesia
      PT Bank CIMB Niaga Tbk                             48.686.078                   -         PT Bank CIMB Niaga Tbk
      PT Bank Pembangunan Daerah                                                                PT Bank Pembangunan Daerah
         Jawa Barat dan Banten Tbk                                 -        160.800.000            Jawa Barat dan Banten Tbk
      PT Bank Mega Syariah                                         -        160.800.000         PT Bank Mega Syariah
      PT Bank Mega                                                 -        160.800.000         PT Bank Mega
      PT Bank Pembangunan Daerah                                                                PT Bank Pembangunan Daerah
         Sumatra Selatan dan                                                                       Sumatra Selatan dan
         Bangka Belitung                                           -        120.600.000            Bangka Belitung
      PT Bank Pembangunan Daerah                                                                PT Bank Pembangunan Daerah
         Maluku dan Maluku Utara                                   -         40.200.000            Maluku dan Maluku Utara
      PT Bank Pembangunan Daerah                                                                PT Bank Pembangunan Daerah
         Bengkulu                                                  -         40.200.000            Bengkulu

      Subjumlah                                         801.425.000       1.366.800.000         Subtotal
      Biaya transaksi yang belum                                                                Unamortized transaction
         diamortisasi                                    (29.054.995)       (16.527.114)           cost

                                                        772.370.005       1.350.272.886
      Dikurangi bagian yang akan
         jatuh tempo dalam satu tahun                   (175.000.000)       (93.500.000)        Less current maturities
      Kredit sindikasi                                                                          Credit syndicated
         bagian jangka panjang                          597.370.005       1.256.772.886            long term portion

      Kredit investasi                                                                          Credit investment
      PT Bank Mega Syariah                                         -             6.440.886      PT Bank Mega Syariah
      Dikurangi bagian yang akan
         jatuh tempo dalam satu tahun                              -          (6.166.150)       Less current maturities
      Kredit investasi                                                                          Credit investment
         bagian jangka panjang                                     -              274.736          long term portion

      Jumlah pinjaman bank jangka panjang
         yang akan jatuh tempo                                                                  Total long term bank loans
         dalam satu tahun                               (175.000.000)       (99.666.150)           maturity in one year
      Jumlah pinjaman bank jangka panjang
         setelah dikurangi bagian                                                               Total long term bank loans
         yang jatuh tempo                               597.370.005       1.257.047.622            less current maturities

      Kredit sindikasi                                                              Syndicated loan

      Pada tanggal 14 April 2022 berdasarkan Adendum                                On April 14, 2022 based on the Addendum to the
      Perjanjian Kredit Sindikasi No. 2 (14), Perusahaan                            Syndicated Credit Agreement No. 2 (14), the
      memperoleh persetujuan penurunan tingkat suku                                 Company obtained approval to reduce the loan
      bunga kredit dari 9,45% per annum menjadi 9,25% per                           interest rate from 9.45% per annum to 9.25% per
      annum yang berlaku efektif terhitung sejak tanggal 10                         annum which is effective as of May 10, 2022.
      Mei 2022.




                                                                        - 52 -

700
                                                                           Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                        keuangan konsolidasi secara keseluruhan
Page 703
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

        Sampai dengan 31 Desember 2023, Perusahaan                                        As of December 31, 2023, the Company has paid
        telah membayar Rp1.366.800.000. Pembayaran                                        Rp1,366,800,000. Principal payments in February
        pokok di bulan Februari 2023 sebesar                                              2023 amounted to Rp23,375,000 and the Company
        Rp23.375.000   dan     Perusahaan  melakukan                                      accelerated principal payments in February 2023
        percepatan pembayaran pokok di bulan Februari                                     amounting to Rp442,000,000 and made loan
        2023 sebesar Rp442.000.000 serta melakukan                                        repayments in March 2023 amounting to
        pelunasan pinjaman pada bulan Maret 2023                                          Rp901,425,000.
        sebesar Rp901.425.000.

        Pada tanggal 27 Maret 2023 telah dilakukan                                        On March 27, 2023, an SLL agreement was signed
        penandatanganan perjanjian SLL dari PT Bank                                       from PT Bank Negara Indonesia (Persero) Tbk with
        Negara Indonesia (Persero) Tbk dengan pagu                                        credit limit of Rp901,425,000. The agreement which
        Rp901.425.000. Perjanjian tersebut merupakan                                      is a syndicated loan refinancing Deed No. 14 dated
        refinancing pinjaman sindikasi Akta No.14 tanggal                                 February 16, 2021 with a period of 5 years from the
        16 Februari 2021 dengan jangka waktu 5 tahun                                      signing of the credit agreement or the December 23,
        sejak penandatanganan perjanjian kredit atau                                      2027 and 3 months JIBOR interest rate.
        tanggal 23 Desember 2027 dan suku bunga JIBOR
        3 bulan.

       Selama periode fasilitas tanpa persetujuan tertulis                                During the period of loan facilities, without the written
       dari pemberi pinjaman, Perusahaan tidak dapat                                      consent from the lenders, the Company is not
       diperbolehkan untuk, antara lain:                                                  allowed to among others:
       1. Mengadakan penggabungan usaha (merger)                                         1. Enter into a business merger or consolidation
           atau konsolidasi dengan perusahaan lain.                                           with other companies;
       2. Melakukan akuisisi/pengambilalihan aset milik                                  2. Acquire assets owned by third parties.
           pihak ketiga.
       3. Mengubah       susunan      pengurus,   direksi,                               3.   Change composition of the management,
           komisaris, dan kepemilikan saham Perusahaan.                                       directors, commissioners, and share ownership
                                                                                              of the Company.
       4.    Melakukan investasi (di luar investasi/capital                              4.   Make       investments    (excluding     regular
             expenditure rutin), penyertaan modal atau                                        investment/capital     expenditures),     equity
             pengambilalihan saham pada perusahaan lain.                                      participation or take over of shares in other
                                                                                              companies.
       5.    Mengubah bentuk atau status hukum                                           5.   Change the form or legal status of the Company.
             perusahaan.
       6.    Membagikan deviden kepada pemegang                                          6.   Distribute dividends to shareholders.
             saham.

       Kecuali jika telah terdapat persetujuan dari                                       Unless there has been approval from the
       pemegang saham (dalam hal ini Kementerian                                          shareholders (in this case the Ministry of SOEs).
       BUMN).

       Sesuai dengan perjanjian pinjaman, Perusahaan                                      As specified by the loan agreement, the Company is
       wajib mempertahankan atau meningkatkan kinerja                                     required to comply with certain financial covenants,
       keuangan dengan indikator rasio keuangan sebagai                                   as follows:
       berikut:
       a. Rasio aset lancar terhadap utang lancar minimal                                 a. Current ratio minimum 1 times.
           1 kali.
       b. Rasio total utang terhadap total ekuitas                                        b. Debt Equity Ratio maximum 2.5 times.
           maksimal 2,5 kali.
       c. Debt Service Coverage Ratio (DSCR) minimal                                      c. Debt Service Coverage Ratio (DSCR) minimum
           100%.                                                                             100%.

        Pada tanggal 31 December 2023, Perusahaan telah                                   As of December 31, 2023, the Company has
        memenuhi rasio keuangan tersebut.                                                 complied with these financial ratios.

       Saldo terutang pada akhir periode 31 December                                      The outstanding balance at the end of December 31,
       2023 dan 31 Desember 2022 masing-masing                                            2023 and December 31, 2022 amounted to
       sebesar adalah sebesar Rp876.425.000 dan                                           Rp876,425,000 and Rp1,366,800,000, respectively.
       Rp1.366.800.000




                                                                                - 53 -

                                                                                                                                                    701
 The accompanying notes form an integral part of these consolidated financial
                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 704
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                          PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                      FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                           FOR THE YEARS ENDED
2023 DAN 2022                                                                                  DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                              (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                         unless otherwise stated) - Continued

       Kredit investasi                                                         Investment credit

       Berdasarkan Perjanjian Penyediaan Fasilitas (Wa’d)                       Based on the Facility Provision Agreement (Wa'd)
       No.1031/WA’D/BMS/XII/2020       pada       tanggal                       No.1031/WA'D/BMS/XII/2020 on December 29,
       29 Desember 2020, Entitas anak memperoleh                                2020, the subsidiary obtained financing facilities from
       fasilitas pembiayaan dari PT Bank Mega Syariah                           PT Bank Mega Syariah with a maximum limit of
       berupa dengan batas maksimum sebesar                                     Rp30,000,000. This loan is intended for investment
       Rp30.000.000. Pinjaman ini bertujuan untuk tujuan                        purposes. The term of this loan has a grace period
       investasi. Jangka waktu pinjaman ini mendapatkan                         for principal payments up to 36 months starting from
       masa tenggang pembayaran pokok hingga 36 bulan                           the signing of this agreement. This loan bears
       terhitung sejak ditandatangani perjanjian ini.                           interest of 4.50% per year with a term up to
       Pinjaman ini dikenakan bunga 4,50% per tahun                             December 29, 2023. This loan is guaranteed by
       dengan jangka waktu hingga 29 Desember 2023.                             deposit under PT Semen Baturaja Tbk (Note 14) and
       Pinjaman ini dijamin dengan deposito atas nama                           was repaid on September 26, 2023.
       PT Semen Baturaja Tbk (Catatan 14) dan telah
       dilakukan pelunasan pada tanggal 26 September
       2023.


 20.   LIABILITAS SEWA                                                   20. LEASE LIABILITIES

       Liabilitas sewa yang terdiri dari:                                       Lease liabilities are as follows:

                                                          2023                 2022 *)

       Perusahaan                                                                              The Company
       Liabilitas sewa bruto                                                                   Gross lease liabilities
       Tidak lebih dari 1 tahun                         11.888.430             12.664.617      No later than a year
       Lebih dari 1 sampai 5 tahun                      41.491.586             40.808.553      More than a year up to 5 years
       Lebih dari 5 tahun                              213.650.251            224.388.589      More than 5 years
       Jumlah                                          267.030.267            277.861.759      Total
       Beban bunga keuangan di masa depan              (147.719.374)       (157.488.796)       Future charges on lease

       Nilai kini liabilitas sewa pembiayaan           119.310.893            120.372.963      Present value of lease liabilities

       Entitas anak                                                                            Subsidiary
       Liabilitas sewa bruto                                                                   Gross lease liabilities
       Tidak lebih dari 1 tahun                             78.556                78.705       No later than a year
                                                            78.556                78.705
       Beban bunga keuangan di masa depan                   (3.556)               (1.412)      Future charges on lease

       Nilai kini liabilitas sewa pembiayaan                75.000                77.293       Present value of lease liabilities

       *Disajikan kembali (Catatan 41)                                                         *As restated (Note 41)




                                                                     - 54 -

702
                                                                        Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                     keuangan konsolidasi secara keseluruhan
Page 705
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                      PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                  FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                       FOR THE YEARS ENDED
2023 DAN 2022                                                                                              DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                          (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                     unless otherwise stated) - Continued

                                                                  2023                      2022 *)
        Konsolidasi                                                                                        Consolidation
        Liabilitas sewa - bruto                                                                            Gross lease liabilities
         Pembayaran sewa minimum                                                                           Minimum lease payment
         Tidak lebih dari 1 tahun                               11.966.986                 12.743.322      No later than 1 year
         Lebih dari 1 sampai 5 tahun                            41.491.586                 40.808.553      More than 1 year and up to 5 years
         Lebih dari 5 tahun                                    213.650.251                224.388.589      More than 5 years
        Jumlah                                                 267.108.823                277.940.464      Total

        Beban bunga keuangan di masa depan                    (147.722.930)               (157.490.209)    Future charges on leases
        Nilai kini liabilitas sewa                             119.385.893                120.450.255      Present value of lease liabilities
        Dikurangi bagian jangka pendek                          (9.319.710)                (2.845.713)     Less current portion
        Liabilitas sewa                                                                                    Finance lease liabilities
            jangka panjang                                     110.066.183                117.604.542          long term

        *) Disajikan kembali (Catatan 41)                                                                  *) As restated (Note 41)

        Grup menyewa tanah dari PT Kereta Api Indonesia                                      Group lease land from PT Kereta Api Indonesia
        (Persero) dan PT Pelabuhan Indonesia (Persero),                                      (Persero) and PT Pelabuhan Indonesia (Persero),
        gedung dari PT Kereta Api Indonesia (Persero) serta                                  buildings from PT Kereta Api Indonesia (Persero),
        kendaraan dari PT Energitama Solusindo, PT Surya                                     and vehicles from PT Energitama Solusindo,
        Darma Perkasa, CV Lakshmi Motor, PT Mandiri                                          PT Surya Darma Perkasa, CV Lakshmi Motor,
        Tunas Finance, dan PT Chandra Sakti Utama                                            PT Mandiri Tunas Finance, and PT Chandra Sakti
        Leasing.                                                                             Utama Leasing.

        Beban bunga liabilitas sewa Grup sampai dengan                                       Interest expenses of the Group's lease liabilities until
        31 Desember 2023 dan 2022, masing-masing                                             December 31, 2023 and 2022, amounted
        sebesar Rp9.767.278 dan Rp10.338.720.                                                Rp9,767,278 and Rp10,338,720, respectively.


 21.    LIABILITAS IMBALAN KERJA                                                    21.      EMPLOYEE BENEFIT LIABILITIES
                                                                   2023                      2022
        Perusahaan                                                                                          The Company
        Imbalan kerja jangka pendek                              13.227.452                40.762.840       Short term employee benefits
        Imbalan kerja jangka panjang                             75.493.188                61.807.992       Long term employee benefits

        Entitas anak                                                                                        Subsidiary
        Imbalan kerja jangka pendek                                  496.343                  436.814       Short term employee benefits
        Imbalan kerja jangka panjang                                 438.900                  508.447       Long term employee benefits

        Jumlah                                                   89.655.883               103.516.093       Total

        Konsolidasian                                                                                       Consolidated
        Imbalan kerja jangka pendek                              13.723.795                41.199.654       Short term employee benefits
        Imbalan kerja jangka panjang                             75.932.088                62.316.439       Long term employee benefits

        Jumlah                                                   89.655.883               103.516.093       Total

        Liabilitas imbalan kerja jangka pendek                                               Short term employee benefits liabilities

                                                                   2023                      2022
        Perusahaan                                                                                         The Company
        Tunjangan produktivitas dan                                                                        Productivity benefits and
           seragam karyawan                                      13.227.452                40.762.840         employee uniforms
        Entitas anak                                                                                       Subsidiary
        Insentif                                                     496.343                  436.814      Incentive

        Jumlah                                                   13.723.795                41.199.654      Total



                                                                                 - 55 -

                                                                                                                                                       703
  The accompanying notes form an integral part of these consolidated financial
                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
  statements as a whole
Page 706
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                          PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                      FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                           FOR THE YEARS ENDED
2023 DAN 2022                                                                                  DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                              (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                         unless otherwise stated) - Continued

      Perusahaan                                                                 The Company
      Imbalan kerja jangka panjang                                               Long term employee benefit
      Perusahaan memperoleh persetujuan dari Menteri                             The Company received an approval from the Minister
      Keuangan Republik Indonesia dengan Surat                                   of Finance of the Republic of Indonesia in Decision
      Keputusan      No.   Kep400/KM.17/1999     tanggal                         Letter No. Kep400/KM.17/1999 dated November 15,
      15 November 1999 untuk mendirikan Dana Pensiun                             1999 to establish PT Semen Baturaja Tbk Employee
      Karyawan PT Semen Baturaja Tbk yang merupakan                              Pension Fund which represents defined benefit
      dana pensiun manfaat pasti yang dikelola oleh                              pension fund managed by separate trustee
      pengurus yang terpisah, yang memberikan manfaat                            administered, that give defined benefit for employees
      pasti bagi karyawan yang masuk kerja sebelum tahun                         start working before year 2007, after serving a
      2007 dan telah memenuhi persyaratan tertentu                               qualifying period, are entitled to defined benefits on
      apabila karyawan tersebut pensiun, cacat, atau                             retirement, disability, or death.
      meninggal dunia.
      Estimasi liabilitas imbalan kerja pada tanggal                             The estimated employee benefit liabilities as of
      31 Desember 2023 dan 2022 adalah sebagai berikut:                          December 31, 2023 and 2022 are as follows:

                                                           2023                  2022

      Liabilitas imbalan pensiun                           8.597.019               508.448         Pension benefits liabilities
      Liabilitas imbalan pesangon                         44.835.788            37.681.431         Retirement benefits liabilities
      Liabilitas imbalan cuti dan                                                                  Leave and services
         penghargaan masa kerja                           22.499.281            24.126.560            rewards benefits liabilities

      Jumlah                                              75.932.088            62.316.439         Total

      Asumsi aktuarial utama yang digunakan adalah sebagai                              The principal actuarial assumptions used were
      berikut:                                                                          as follows:
                                                        2023                            2022
      Tingkat kenaikan gaji:                                                                                  Salary increase:
         Program pensiun                     7,5% pertahun/per annum        5% pertahun/per annum                Pension plan
         Imbalan kerja lainnya               5% pertahun/per annum          5% pertahun/per annum                Other employee benefits

      Tingkat diskonto:                                                                                       Discount rate:
         Program pensiun                     7% pertahun/per annum          5% pertahun/per annum                Pension plan
         Imbalan kerja lainnya               6,75% pertahun/per annum       5% pertahun/per annum                Other employee benefits

      Liabilitas bersih imbalan pensiun yang diakui di laporan                         The net liabilitiy for pension benefits recognized
      posisi keuangan konsolidasian adalah sebagai berikut:                            in the consolidated statements of financial
                                                                                       position is as follows:

                                                           2023                    2022

      Nilai kini kewajiban                                                                            Present value of employee benefits
          imbalan pasti - program pensiun                 86.354.401             64.311.432             liabilities - pension plan
      Nilai wajar aset program                           (77.757.382)           (69.529.228)          Fair value of plan assets
      Dampak batas atas aset                                       -              5.726.244           Impact of the asset cap
      Subjumlah                                            8.597.019                508.448           Subtotal

      Nilai kini dari kewajiban imbalan                                                               Present value of employee benefits
          pasti - imbalan pesangon                        57.013.151             50.336.370             liabilities - retirement benefits
      Nilai wajar aset program                           (12.177.363)           (12.654.939)          Fair value of plan assets
      Subjumlah                                           44.835.788             37.681.431           Subtotal

      Liabilitas imbalan kerja jangka                                                                 Other long term employee benefit
          panjang lainnya                                 22.499.281             24.126.560             liabilities
      Subjumlah                                           22.499.281             24.126.560           Subtotal
      Jumlah                                              75.932.088             62.316.439           Total




                                                                       - 56 -

704
                                                                            Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                         keuangan konsolidasi secara keseluruhan
Page 707
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                     PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                 FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                      FOR THE YEARS ENDED
2023 DAN 2022                                                                                             DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                         (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                    unless otherwise stated) - Continued

      Mutasi nilai kini liabilitas imbalan kerja adalah sebagai                                 Movements of the present value of employee
      berikut:                                                                                  benefits liabilities is as follows:
                                                               31 Desember/December 31 , 2023
                                                                              Imbalan cuti besar
                                              Program            Imbalan      dan penghargaan
                                              pensiun/         pasca kerja/       masa kerja/
                                              Pension           Retirement   Leave and service                  Jumlah/
                                                plan             benefits       reward benefit                   Total
      Nilai kini kewajiban                                                                                                      Present value of employee
         imbalan kerja                        64.311.432         50.336.370               24.126.560          138.774.362         benefits liabilities
      Biaya jasa kini                            998.170          4.000.467                8.337.950           13.336.587       Current service cost
      Biaya bunga                              4.785.658          3.635.981                1.378.342            9.799.981       Interest costs
      Pengukuran kembali liabilitas:                                                                                            Remeasurements:
         Perubahan asumsi keuangan             6.582.446           2.532.663                            -        9.115.109        Changes in financial assumptions
                                                                                                                                  Changes in demographic
        Perubahan asumsi demografik           17.443.260                   -                        -           17.443.260           assumptions
        Penyesuaian atas pengalaman           (1.257.495)             14.105                  158.664           (1.084.726)       Adjustments on experience
      Pembayaran manfaat                      (6.509.070)         (3.506.435)             (11.502.235)         (21.517.740)     Benefits paid

      Nilai kini kewajiban                                                                                                      Ending present value of employee
         imbalan kerja akhir                  86.354.401          57.013.151               22.499.281          165.866.833        benefits liabilities

                                                                 31 Desember/December 31, 2022
                                                                            Imbalan cuti besar
                                            Program            Imbalan       dan penghargaan
                                            pensiun/         pasca kerja/       masa kerja/
                                            Pension          Retirement     Leave and service               Jumlah/
                                             plan              benefits       reward benefit                 Total

      Nilai kini kewajiban                                                                                                  Present value of employee
         imbalan kerja:                      67.921.001        39.684.737             18.847.524            126.453.262         benefits liabilities
      Biaya jasa kini                           926.516         3.619.747              7.969.038             12.515.301     Current service cost
      Biaya jasa lalu                            22.975                 -                      -                 22.975     Past service cost
      Biaya bunga                             4.697.056         2.524.318              1.247.166              8.468.540     Interest costs
      Penyesuaian karena                                                                                                    Adjustments due to changes
         perubahan metode atribusi           (3.114.182)       (4.436.820)                      -            (7.551.002)        in the attribution method
      Pengukuran kembali liabilitas                                                                                         Remeasurements:
         imbalan kerja:                                                                                                         Gain from changes in
         Perubahan asumsi keuangan                    -        10.861.960               (327.997)            10.533.963           financial assumptions
         Penyesuaian atas pengalaman           (276.431)                -              2.409.942              2.133.511         Adjustment on experience
      Pembayaran manfaat                     (5.865.503)       (1.917.572)            (6.019.113)           (13.802.188)    Benefits paid

      Nilai kini kewajiban                                                                                                  Ending present value of employee
         imbalan kerja akhir                 64.311.432        50.336.370             24.126.560            138.774.362        benefits liabilities

      Beban imbalan kerja yang dibebankan pada laporan                                      Amounts recognized in the consolidated statement
      laba rugi dan penghasilan komprehensif lain                                           of profit or loss and other comprehensive income
      konsolidasian merupakan jumlah neto dari:                                             consists of the net total of the following amounts:
                                                              31 Desember/December 31, 2023
                                                                             Imbalan cuti besar
                                              Program           Imbalan      dan penghargaan
                                              pensiun/        pasca kerja/       masa kerja/
                                              Pension          Retirement   Leave and service                Jumlah/
                                               plan             benefits       reward benefit                 Total
      Biaya jasa kini                            734.085          4.000.467               8.337.950          13.072.502      Current service cost
      Biaya bunga bersih                          35.604          2.721.869               1.378.342           4.135.815      Net interest expense
      Kerugian aktuaria                                -                  -                 158.664             158.664      Actuarial loss
      Komponen dari biaya imbalan pasti                                                                                      Components of defined benefit
         yang diakui dalam laba rugi             769.689          6.722.336               9.874.956          17.366.981        cost recognized in profit or loss

      Pengukuran kembali liabilitas                                                                                          Remeasurement on the net
        imbalan pasti - bersih:                                                                                                 defined benefit liability:
      Perubahan asumsi keuangan                 6.582.446         2.532.663                         -         9.115.109      Change in financial assumption
                                                                                                                             Changes in demographic
      Perubahan asumsi demografik             17.443.260                     -                      -        17.443.260         assumptions
      Pengukuran kembali liabilitas                                                                                          Remeasurement on the net liabilities
        (aset) imbalan                             38.073           457.188                         -            495.261        (assets) return
      Dampak batas aset program                (6.152.556)                -                         -         (6.152.556)    Effect of assets ceiling
      Penyesuaian atas pengalaman              (1.257.495)           14.105                         -         (1.243.390)    Experience adjustments
      Komponen beban imbalan pasti                                                                                           Components of defined benefit
        yang diakui dalam penghasilan                                                                                           cost recognized in other
        komprehensif lain                     16.653.728          3.003.956                         -        19.657.684         comprehensive income

      Jumlah                                  17.423.417          9.726.292               9.874.956          37.024.665      Total



                                                                                 - 57 -

                                                                                                                                                                   705
   The accompanying notes form an integral part of these consolidated financial
                                                                                                                2023 Annual Report ∙ PT Semen Baturaja Tbk
   statements as a whole
Page 708
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                            FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                 FOR THE YEARS ENDED
2023 DAN 2022                                                                                        DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                    (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                               unless otherwise stated) - Continued

                                                             31 Desember/December 31, 2022
                                                                            Imbalan cuti besar
                                              Program          Imbalan      dan penghargaan
                                              pensiun/       pasca kerja/       masa kerja/
                                              Pension         Retirement   Leave and service             Jumlah/
                                               plan            benefits       reward benefit              Total

      Biaya jasa kini                             692.583       3.619.747             7.969.038          12.281.368    Current service cost
      Biaya jasa lalu                              22.975               -                     -              22.975    Past service cost
      Biaya bunga bersih                          135.413       1.594.183             1.247.166           2.976.762    Net interest expense
      Penyesuaian karena                                                                                               Adjustments due to changes
         perubahan metode atribusi             (3.114.182)     (4.436.820)                    -          (7.551.002)     in the attribution method
      Kerugian aktuaria                                 -               -             2.081.945           2.081.945    Actuarial loss
      Komponen dari biaya imbalan pasti                                                                                Components of defined benefit
         yang diakui dalam laba rugi           (2.263.211)        777.110            11.298.149           9.812.048      cost recognized in profit or loss

      Pengukuran kembali liabilitas                                                                                    Remeasurement on the net
        imbalan pasti - bersih:                                                                                           defined benefit liability:
      Pengukuran kembali liabilitas                                                                                    Remeasurement on the net liabilities
        (aset) imbalan                         (6.573.982)        618.424                     -          (5.955.558)      (assets) return
      Dampak batas aset program                 5.726.244               -                     -           5.726.244    Effect of assets ceiling
      Perubahan asumsi keuangan                         -      10.861.960                     -          10.861.960    Change in financial assumptions
      Penyesuaian atas pengalaman                (276.431)              -                     -            (276.431)   Experience adjustments
      Komponen beban imbalan pasti                                                                                     Components of defined benefit
        yang diakui dalam penghasilan                                                                                     cost recognized in other
        komprehensif lain                      (1.124.169)     11.480.384                     -          10.356.215       comprehensive income

      Jumlah                                   (3.387.380)     12.257.494            11.298.149          20.168.263    Total

      Perubahan dalam nilai wajar aset program adalah                                     Changes in the fair value of plan assets are as
      sebagai berikut:                                                                    follows:

                                                                2023                     2022
                                                                 Rp                       Rp

      Saldo awal tahun                                         82.184.167                75.940.260          Balance at the beginning of the year
      Pendapatan bunga                                            914.113                   930.135          Interest income
      Kontribusi pemberi kerja                                  9.329.597                 1.024.149          Employer contributions
      Kontribusi peserta                                          264.085                   233.933          Participant contributions
      Pembayaran manfaat                                       (7.438.323)               (6.461.510)         Benefits paid
      Pengukuran kembali atas                                                                                Remeasurement on the net
        Nilai wajar neto aset program                             (495.261)               5.955.558             Fair value of plan assets
      Imbalan hasil atas aset program                            5.176.367                4.561.642          Return on plan assets

      Saldo akhir                                               89.934.745               82.184.167          Balance at the end of the year


      Aset program terdiri dari:                                                       Plan assets comprise the following:

                                                                2023                     2022

      Obligasi                                                          37%                       39%       Bonds
      Surat berharga negara                                             22%                       19%       Government bonds
      Penempatan langsung                                               15%                       16%       Direct placement
      Kas dan deposito                                                  14%                       11%       Cash and time deposit
      Tanah dan bangunan                                                 8%                        8%       Land and building
      Saham                                                              4%                        7%       Stocks
      Reksadana                                                          0%                        0%       Mutual fund

      Subjumlah                                                        100%                       100%      Subtotal




                                                                            - 58 -

706
                                                                                Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                             keuangan konsolidasi secara keseluruhan
Page 709
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

       Sensitivitas dari kewajiban imbalan pasti terhadap                                The sensitivity of the employee benefits liabilities to
       perubahan asumsi aktuarial utama adalah sebagai                                   changes in the principal actuarial assumptions is as
       berikut:                                                                          follows:

                                                             31 Desember/December 31, 2023
                                                          Dampak atas kewajiban imbalan pasti/
                                                         Impact on employee benefits liabilities
                                               Perubahan asumsi/    Kenaikan asumsi/    Penurunan asumsi/
                                                   Change in          Increase in           Decrease in
                                                  assumption          assumption            assumption

        Tingkat diskonto                               0,5%                      7.332.559             7.907.008     Discount rate
        Kenaikan gaji                                  0,5%                      4.755.946             4.511.831     Salary increase

                                                             31 Desember/December 31, 2022
                                                          Dampak atas kewajiban imbalan pasti/
                                                         Impact on employee benefits liabilities
                                               Perubahan asumsi/    Kenaikan asumsi/    Penurunan asumsi/
                                                   Change in          Increase in            Decrease in
                                                  assumption          assumption             assumption

        Tingkat diskonto                               0,5%                      5.327.573             5.697.323     Discount rate
        Kenaikan gaji                                  0,5%                      4.081.976             3.859.791     Salary increase

       Analisa sensitivitas didasarkan pada perubahan atas                               The sensitivity analysis is based on a change in an
       satu asumsi aktuarial di mana asumsi lainnya                                      assumption while holding all other assumptions
       dianggap konstan.                                                                 constant.

       Dalam praktiknya, hal ini jarang terjadi dan perubahan                            In practice, this is unlikely to occur, and changes in
       beberapa asumsi mungkin saling berkorelasi. Analisa                               some of the assumptions may be correlated. The
       sensitivitas tersebut dihitung menggunakan metode                                 sensitivity analyses are calculated using the
       projected unit credit.                                                            projected unit credit method.

       Melalui program imbalan pasti, Grup menghadapi                                    Through its employee benefits pension plans, the
       sejumlah risiko signifikan sebagai berikut:                                       Group is exposed to a number of significant risks of
                                                                                         which are detailed below:

       •    Perubahan imbal hasil obligasi                                               •     Changes in bond yields
            Liabilitas imbalan kerja yang dihitung berdasarkan                                 The employee benefit liabilities calculated under
            PSAK No. 24 menggunakan tingkat diskonto                                           PSAK No. 24 use a discount rate on bond yields.
            obligasi. Jika tingkat diskonto tersebut turun,                                    If bond yields decrease, the defined benefit will
            kewajiban imbalan pasti akan cenderung                                             tend to increase.
            mengalami kenaikan.

       •    Tingkat kenaikan gaji                                                        •     Salary growth rate
            Liabilitas imbalan kerja Grup berhubungan                                          The Group’s employee benefits liabilities are
            dengan tingkat kenaikan gaji. Semakin tinggi                                       linked to salary growth rate. Higher salary growth
            tingkat kenaikan gaji akan menyebabkan semakin                                     rate will lead to higher liabilities.
            besarnya jumlah liabilitas.

       •    Volatilitas aset                                                             •     Asset volatility
            Liabilitas program dihitung menggunakan tingkat                                    The employee benefit liabilities are calculated
            diskonto yang merujuk kepada tingkat imbal hasil                                   using a discount rate referred to government/
            obligasi pemerintah/perseroan. Jika imbal hasil                                    corporate bond yields. If plan assets
            aset program lebih rendah, defisit program akan                                    underperform this yield, this will create a plan
            terjadi.                                                                           deficit.

       Durasi rata-rata dari kewajiban imbalan pada tanggal                              The average duration of the benefit liabilities at
       31 Desember 2023 adalah 5 tahun untuk program                                     December 31, 2023 was 5 years for pension benefits
       dana pensiun dan 10 tahun untuk program manfaat                                   and 10 years for other employee benefits
       lainnya (31 Desember 2022: 5 tahun dan 10 tahun).                                 (December 31, 2022: 5 years and 10 years).

       Pada tanggal 31 Desember 2023, Grup diharapkan                                        As of December 31, 2023 the Group expected to
       membayar iuran sebesar Rp6.667.906 untuk                                              make a contribution amounting to Rp6,667,906 to the
       program manfaat pasti selama tahun anggaran                                           defined benefit plans during the next financial year
       berikutnya (31 Desember 2022: Rp6.182.949).                                           (December 31, 2022: Rp6,182,949).


                                                                                - 59 -

                                                                                                                                                     707
 The accompanying notes form an integral part of these consolidated financial
                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 710
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                      PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                  FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                       FOR THE YEARS ENDED
2023 DAN 2022                                                                                              DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                          (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                     unless otherwise stated) - Continued

 22.   PROVISI JANGKA PANJANG                                                      22. LONG TERM PROVISION
                                                                                 2023
                                                                     Provisi
                                                                   tambahan                Jumlah
                                                                (pengurangan)/              yang
                                           Saldo awal/             Additional            terealisasi/         Saldo akhir/
                                           Beginning              (deduction)              Amount               Ending
                                            balance                provision              realized             balance

       Provisi reklamasi dan                                                                                                     Provision for reclamation and
         pasca tambang                       21.003.066                853.836                          -          21.856.902      mine closure
       Estimasi biaya bongkar                                                                                                    Estimate cost of dismantling
         aset tetap                          27.921.499              1.659.351                          -          29.580.850      of fixed assets

       Saldo akhir                           48.924.565              2.513.187                          -          51.437.752    Ending balance

                                                                              2022 *)
                                                                     Provisi
                                                                   tambahan             Jumlah
                                                                (pengurangan)/           yang
                                           Saldo awal/             Additional         terealisasi/            Saldo akhir/
                                           Beginning              (deduction)           Amount                  Ending
                                            balance                provision           realized                balance

       Provisi reklamasi dan                                                                                                     Provision for reclamation and
         pasca tambang                       20.316.225                686.841                          -          21.003.066      mine closure
       Estimasi biaya bongkar                                                                                                    Estimate cost of dismantling
         aset tetap                          26.355.644              1.565.855                          -          27.921.499      of fixed assets

       Saldo akhir                           46.671.869              2.252.696                          -          48.924.565    Ending balance

       *) Disajikan kembali (Catatan 41)                                                                                         *) As restated (Note 41)

       Rehabilitasi dan restorasi tanah tambang dilakukan                                     Quarry rehabilitation and restoration is carried out
       sesuai dengan rencana yang disampaikan kepada                                          based on plan reported to the authority. Dismantling
       otoritas terkait. Pembongkaran aset tetap akan                                         of fixed assets will be realized at the end of land rent
       dilakukan pada saat selesainya masa sewa lahan                                         period of related fixed assets.
       terkait aset tetap tersebut.

 23.   MODAL SAHAM                                                                  23.      SHARE CAPITAL
       Modal dasar Perusahaan pada tanggal 31 Desember                                        Authorized capital of the Company as of December
       2023 dan 2022 adalah sebagai berikut:                                                  31, 2023 and 2022 are as follows:
                                                                                2023
                                                                       Nilai nominal/Par value
                                                             Rp100 (dalam Rupiah penuh/ in full Rupiah)
                                                                                                            %
                                                     Jumlah saham/                  Jumlah/             Kepemilikan/
                                                    Number of shares                 Total               Ownership
       Modal dasar                                                                                                      Authorized capital
       Saham seri A (Dwiwarna)                                         1                   100                          Series A (Dwiwarna) shares
       Saham seri B                                       29.999.999.999     2.999.999.999.900                          Series B shares

       Jumlah modal dasar                                 30.000.000.000     3.000.000.000.000                         Total authorized capital
       Negara Republik Indonesia                                                                                       Republic of Indonesia
       saham seri A (Dwiwarna)                                         1                       100                     series A (Dwiwarna) shares
       PT Semen Indonesia (Persero) Tbk                                                                                PT Semen Indonesia (Persero) Tbk -
          saham seri B                                     7.499.999.999         749.999.999.900            76%          series B shares
       PT Asuransi Jiwa IFG - saham seri B                   784.084.300          78.408.430.000             7%        PT Asuransi Jiwa IFG - series B share
       Suherman Yahya ("Direksi")                                 16.098               1.609.800             0%        Suherman Yahya ("Director")
       Masyarakat - saham seri B                           1.648.433.938         164.843.393.800            17%        Public - series B share
       Jumlah modal ditempatkan                                                                                        Total issued and fully
          dan disetor penuh                                9.932.534.336         993.253.433.600            100%         Paid up capital

       Jumlah saham dalam portapel                        20.067.465.664     2.006.746.566.400                          Total share in portfolio




                                                                               - 60 -

708
                                                                                        Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                                     keuangan konsolidasi secara keseluruhan
Page 711
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                   PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                    FOR THE YEARS ENDED
2023 DAN 2022                                                                                           DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                       (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                  unless otherwise stated) - Continued

                                                                            2022
                                                                   Nilai nominal/Par value
                                                       Rp100 (dalam Rupiah Penuh/ in full Rupiah)
                                                                                                %
                                                   Jumlah saham/             Jumlah/       Kepemilikan/
                                                  Number of shares            Total         Ownership
        Modal dasar                                                                                              Authorized capital
        Saham seri A (Dwiwarna)                                  1                      100                      Series A (Dwiwarna) shares
        Saham seri B                                29.999.999.999        2.999.999.999.900                      Series B shares

        Jumlah modal dasar                          30.000.000.000        3.000.000.000.000                      Total authorized capital
        Negara Republik Indonesia                                                                                Republic of Indonesia
        aaham seri A (Dwiwarna)                                    1                      100                    series A (Dwiwarna) shares
        PT Semen Indonesia (Persero) Tbk                                                                         PT Semen Indonesia (Persero) Tbk -
           saham seri B                              7.499.999.999          749.999.999.900         76%            series B shares
        PT Asuransi Jiwa IFG - saham seri B            784.084.300           78.408.430.000          7%          PT Asuransi Jiwa IFG - series B share
        Suherman Yahya ("Direksi")                          16.098                1.609.800          0%          Suherman Yahya ("Director")
        Daconi Khotob ("Direksi")                           12.500                1.250.000          0%          Daconi Khotob ("Director")
        Masyarakat - saham seri B                    1.648.421.438          164.842.143.800         17%          Public - series B share
        Jumlah modal ditempatkan                                                                                 Total issued and fully
           dan disetor penuh                         9.932.534.336          993.253.433.600         100%           paid up capital

        Jumlah saham dalam portapel                 20.067.465.664        2.006.746.566.400                      Total share in portfolio


       Berdasarkan Akta Notaris Aulia Taufani, S.H.,                                      Based on Deed of Notary Aulia Taufani, S.H., No.
       No. 15 tanggal 19 Desember 2022 Pemerintah                                         15 dated December 19, 2022 the Government of
       Indonesia resmi melakukan inbreng saham dengan                                     Indonesia officially inbreng shares by transferring
       mengalihkan saham Negara Republik Indonesia                                        the shares of the Republic of Indonesia (“Negara
       (“Negara RI”) sejumlah 7.499.999.999 saham Seri B                                  RI”) in the amount of 7,499,999,999 Series B shares
       dengan         nilai     seluruhnya       sebesar                                  with a total value of Rp2,848,672,369,646 or
       Rp2.848.672.369.646 atau mewakili 76% dari                                         representing 76% of the total issued capital and fully
       seluruh modal ditempatkan dan disetor penuh dalam                                  paid in Semen Baturaja into SIG shares, as a
       Semen Baturaja ke dalam saham SIG, sebagai                                         continuation of the Cement Sub Cluster SOE
       kelanjutan Program Integrasi BUMN Sub Klaster                                      Integration Program through the Pre-emptive
       Semen melalui proses Hak Memesan Efek Terlebih                                     Rights (HMETD) process.
       Dahulu (HMETD).

       Berdasarkan surat No. 47/DIR/AJIFG/ K/INV/I/2022                                   Based on letter No. 47/DIR/AJIFG/ K/INV/I/2022
       tanggal 11 Januari 2022, PT Asuransi Jiwa IFG telah                                dated January 11, 2022, PT Asuransi Jiwa IFG has
       menerima transfer aset berupa kepemilikan saham                                    received an asset transfer in the form of share
       atas PT Asuransi Jiwasraya sebesar 913.172.000                                     ownership of PT Asuransi Jiwasraya amounting to
       lembar.                                                                            913,172,000 shares.

       Entitas induk langsung Perusahaan adalah                                           The Company’s direct parent is PT Semen
       PT Semen Indonesia (Persero) Tbk dan entitas induk                                 Indonesia (Persero) Tbk and the ultimate parent is
       akhir Perusahaan adalah Pemerintah Republik                                        Government of Republic Indonesia.
       Indonesia.

 24.   TAMBAHAN MODAL DISETOR                                                     24.     ADDITIONAL PAID IN CAPITAL

       Tambahan modal disetor Perusahaan pada tanggal                                     Additional paid in capital of the Company as of
       31 Desember 2023 dan 2022 adalah sebagai berikut:                                  December 31, 2023 and 2022 are as follows:

                                                                  2023                     2022

        Agio saham                                           1.312.128.287              1.312.128.287      Share premium
        Biaya emisi efek ekuitas                               (41.521.502)               (41.521.502)     Emission fee

        Jumlah                                               1.270.606.785              1.270.606.785      Total




                                                                              - 61 -

                                                                                                                                                      709
   The accompanying notes form an integral part of these consolidated financial
                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
   statements as a whole
Page 712
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                               PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                           FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                FOR THE YEARS ENDED
2023 DAN 2022                                                                                       DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                   (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                              unless otherwise stated) - Continued

 25.   PENGGUNAAN SALDO LABA                                                  25.     USE OF RETAINED EARNINGS

       Penggunaan saldo laba untuk tahun yang berakhir                                Use of retained earnings for the year ended
       pada 31 Desember 2023 dan 2022 sebagai berikut:                                December 31, 2023 and 2022 as follows:

                                                                2023                      2022

       Dividen PT Semen Indonesia                                                                         Dividend of PT Semen Indonesia
          (Persero) Tbk                                        14.320.500                       -            (Persero) Tbk
       Dividen publik                                           4.644.681                       -         Public dividend
       (Pengurangan) penambahan cadangan                     (206.359.992)             49.398.633         (Deduction) addition reserve

       Jumlah                                                (187.394.811)             49.398.633         Total


 26.   KEPENTINGAN NONPENGENDALI                                              26.     NONCONTROLLING INTERESTS

       a.   Kepentingan nonpengendali atas ekuitas entitas                           a.     Noncontrolling interests in equity of subsidiary
            anak

                                                               2023                   2022 *)

            PT Baturaja Multi Usaha                               (23.171)                  (24.843)     PT Baturaja Multi Usaha

            Jumlah                                                (23.171)                  (24.843)     Total

            *Disajikan kembali (Catatan 41)                                                              *As restated (Note 41)

       b.   Bagian laba (rugi) yang diatribusikan kepada                             b.     Profit (loss)        attributable    to    noncontrolling
            kepentingan nonpengendali                                                       interests

                                                               2023                   2022 *)

            PT Baturaja Multi Usaha                                   1.672                  (5.400)     PT Baturaja Multi Usaha

            Jumlah                                                    1.672                  (5.400)     Total

            *Disajikan kembali (Catatan 41)                                                              *As restated (Note 41)


 27.   PENDAPATAN                                                             27.     REVENUE
                                                               2023                       2022
       Penjualan pada pihak ketiga                                                                        Sales to third parties
       Penjualan semen                                       454.832.662            1.848.071.730         Sales of cement
       Jasa pengangkutan                                         186.540                1.860.632         Transportation services
       Lain-lain                                                 189.953                   17.416         Others
       Subjumlah                                             455.209.155            1.849.949.778         Subtotal
       Penjualan pada pihak berelasi                                                                     Sales to related parties
          (Catatan 35.l)                                                                                   (Note 35.l)
       Penjualan semen                                                                                   Sales of cement
       PT Semen Indonesia (Persero) Tbk                     1.394.682.014                          -     PT Semen Indonesia (Persero) Tbk
       PT Semen Padang                                         97.188.714                          -     PT Semen Padang
       PT Solusi Bangun Indonesia Tbk                          60.685.879                          -     PT Solusi Bangun Indonesia Tbk

       Subjumlah                                            1.552.556.607                          -     Subtotal
       Penjualan white clay                                                                              Sales of white clay
       PT Pupuk Sriwidjaja                                    32.913.628              31.817.578         PT Pupuk Sriwidjaja

       Jumlah                                               2.040.679.390           1.881.767.356        Total



                                                                         - 62 -

  710
                                                                                     Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
             PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                                  keuangan konsolidasi secara keseluruhan
Page 713
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                       PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                   FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                        FOR THE YEARS ENDED
2023 DAN 2022                                                                                               DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                           (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                      unless otherwise stated) - Continued

          Penjualan lain-lain merupakan pendapatan entitas                                    Other sales represent revenues of subsidiary
          anak yang terdiri dari penjualan barang umum seperti                                consisting general goods sales such as light bricks,
          penjualan bata ringan, pipa, dan asbes.                                             pipes, and asbestos.
          Rincian penjualan yang melebihi 10% dari jumlah                                     Details of customers, which sales are more than 10%
          penjualan untuk periode-periode yang berakhir pada                                  of sales for the years ended on December 31, 2023
          tanggal 31 Desember 2023 dan 2022 adalah sebagai                                    and 2022 are as follows:
          berikut:
                                                    2023                                       2022

          PT Semen Indonesia                                                                                   PT Semen Indonesia
             (Persero) Tbk                                      1.394.682.014                          -          (Persero) Tbk
          CV Samudra Panca Jaya                                             -                125.911.265       CV Samudra Panca Jaya

          Jumlah                                                1.394.682.014                125.911.265       Total


 28.      BEBAN POKOK PENDAPATAN                                                      28.     COST OF REVENUE

                                                                     2023                     2022 *)
          Bahan bakar & listrik                                   432.044.916                349.348.339       Fuel & electricity
          Bahan baku & penolong                                   337.210.538                260.047.520       Raw material and supplies
          Depresiasi dan amortisasi                               193.565.813                137.596.305       Depreciation and amortization
             (Catatan 12 and 13)                                                                                 (Note 12 and 13)
          Tenaga kerja                                            116.458.985                109.793.477       Labor costs
          Pabrikasi lainnya                                       325.751.555                241.040.266       Other manufacture expenses

          Subjumlah                                             1.405.031.807               1.097.825.907       Subtotal
          Persediaan barang dalam proses                                                                        Work in process
          Persediaan awal                                           33.660.489                 43.363.949       Beginning balance
          Persediaan akhir                                         (58.176.454)               (33.660.488)      Ending balance
          Beban pokok produksi                                  1.380.515.842               1.107.529.368       Cost of goods manufactured
          Persediaan barang jadi                                                                                Finished goods
          Persediaan awal                                           13.679.058                 18.997.847       Beginning balance
          Pembelian barang jadi                                     19.106.782                          -       Finished goods purchase
          Persediaan akhir                                         (16.112.158)               (13.679.058)      Ending balance
          Beban pokok pendapatan                                1.397.189.524               1.112.848.157       Cost of revenue

          *Disajikan kembali (Catatan 41)                                                                      *As restated (Note 41)

          Rincian pemasok yang melebihi 10% dari jumlah                                       Details of suppliers who supplied more than 10% of
          pembelian untuk periode periode yang berakhir pada                                  purchasing for the periods ended December 31, 2023
          tanggal 31 Desember 2023 dan 2022 adalah sebagai                                    and 2022 are as follows:
          berikut:
                                                               2023                                     2022
                                                        Rp                  %                   Rp                  %
          PT Perusahaan Listrik Negara                                                                                          PT Perusahaan Listrik Negara
             (Persero)                              201.463.633                 11%           184.759.916               24%        (Persero)
          PT Bukit Asam Tbk                         105.480.865                  6%           143.939.061               19%     PT Bukit Asam Tbk

          Jumlah                                    306.944.498                 17%           328.698.977               43%     Total


          Lihat Catatan 35 untuk rincian informasi mengenai                                   Refer to Note 35 for details information of related
          pihak berelasi.                                                                     parties.




                                                                                - 63 -

                                                                                                                                                            711
       The accompanying notes form an integral part of these consolidated financial
                                                                                                               2023 Annual Report ∙ PT Semen Baturaja Tbk
       statements as a whole
Page 714
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                      PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                  FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                       FOR THE YEARS ENDED
2023 DAN 2022                                                                              DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                          (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                     unless otherwise stated) - Continued

 29.   BEBAN PENJUALAN                                                29.   SELLING EXPENSES

                                                         2023                2022 *)
       Pengangkutan dan distribusi                      153.308.615         167.654.289         Freight and distribution
       Gaji, upah dan tunjangan                          31.993.373          46.293.734         Salaries, wages and allowances
       Penyusutan dan amortisasi                                                                Depreciation and amortization
          (Catatan 12 dan 13)                             5.634.624           6.056.281            (Note 12 and 13)
       Promosi                                            2.733.892          18.870.473         Promotion
       Beban pemeliharaan                                 2.141.764           1.378.064         Maintenance expenses
       Perjalanan dinas                                     420.050           1.204.166         Business trip
       Lain-lain                                          4.212.869           7.288.460         Others

       Jumlah                                           200.445.187         248.745.467         Total

       *Disajikan kembali (Catatan 41)                                                         *As restated (Note 41)


 30.   BEBAN UMUM DAN ADMINISTRASI                                    30.   GENERAL AND ADMINISTRATIVE EXPENSES

                                                         2023                2022 *)

       Gaji, upah dan tunjangan                         107.711.868         133.330.060         Salaries, wages and allowance
       Penyusutan dan amortisasi                                                                Depreciation and amortization
           (Catatan 12 dan 13)                           29.502.753          33.756.428            (Note 12 and 13)
       Jasa profesional                                  24.094.735          20.673.746         Professional fee
       Denda pajak, asuransi dan sewa                    12.555.317          14.512.494         Taxes penalty, insurance and rent
       Perjalanan dinas                                   9.037.614           5.535.935         Business trip
       Jasa outsourcing                                   8.643.306           8.978.073         Labour outsourcing expense
       Beban pemeliharaan                                 5.996.145           6.574.530         Maintenance
       Telekomunikasi dan koordinasi                      5.690.271           8.379.005         Telecommunication and coordination
       Keamanan                                           5.661.283           4.509.330         Security
       Sumbangan                                          4.524.987           2.722.094         Donation
       Alat tulis kantor                                  3.757.126           4.944.734         Stationery
       Listrik dan air                                    3.604.724           3.500.645         Electricity and water
       Pembinaan jasmani dan rohani                       1.345.709             816.916         Mental and physical development
       Diklat dan pengadaan pegawai                       1.286.723           1.344.629         Training and recruitment
       Rapat dinas                                          550.589             432.939         Meeting
       Penelitian dan pengembangan                          328.979             231.295         Research and development
       Lain-lain                                          6.556.368           8.281.091         Others

       Jumlah                                           230.848.497         258.523.944         Total

       *Disajikan kembali (Catatan 41)                                                          *As restated (Note 41)

       Beban umum dan administrasi - lainnya, antara lain                   General and administrative - other expenses,
       merupakan beban kebutuhan rumah tangga,                              represent household needs, guesthouse, cable TV,
       kebutuhan mess, langganan TV Kabel, dan                              and document delivery.
       pengiriman dokumen.




                                                                 - 64 -

712
                                                                       Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
         PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                    keuangan konsolidasi secara keseluruhan
Page 715
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                     PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                 FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                      FOR THE YEARS ENDED
2023 DAN 2022                                                                                             DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                         (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                    unless otherwise stated) - Continued

 31.    PENDAPATAN (BEBAN) LAINNYA                                                   31.   OTHER INCOME (EXPENSES)

                                                                   2023                    2022 *)

        Pendapatan lainnya                                          5.964.537                2.879.151       Other income
        Pendapatan klaim                                                                                     Insurance and guarantee
         asuransi dan jaminan                                       4.735.878                1.521.000         claim income
        Pendapatan klaim dan denda                                    442.307                1.871.962       Claim revenue and penalties
        Penghasilan atas                                                                                     Gain on disposal
         penjualan aset tetap                                                    -            146.632          of fixed assets

        Subjumlah                                                 11.142.722                 6.418.745        Subtotal

        Cadangan kerugian penurunan nilai                         31.816.913                (9.227.281)       Allowance for impairment losses
        Rugi selisih kurs                                                                                     Losses from foreign
         transaksi                                                   (213.988)                (317.098)         exchange rate transactions
        Beban lainnya                                               1.149.870               (5.453.467)       Others expenses

        Subjumlah                                                 32.752.795               (14.997.846)       Subtotal

        Jumlah                                                    43.895.517                (8.579.101)       Total

        *Disajikan kembali (Catatan 41)                                                                      *As restated (Note 41)


 32.    PENDAPATAN KEUANGAN                                                          32.   FINANCE INCOME

                                                                   2023                     2022


        Pendapatan bunga deposito                                  4.017.775                 9.886.895       Interest income from deposits
        Pendapatan jasa giro                                       1.045.854                 1.673.070       Income on current accounts
        Pendapatan bunga tabungan                                     34.882                    95.879       Saving interest income

        Jumlah                                                     5.098.511                11.655.844       Total


 33.    BEBAN KEUANGAN                                                               33.   FINANCE EXPENSES

                                                                   2023                    2022 *)

        Beban bunga pinjaman bank                                 82.859.484               148.054.116       Interest expense of bank loan
        Beban bunga sewa                                           9.767.278                10.338.720       Interest expense of lease
        Beban bunga aset restorasi                                 1.659.352                 1.565.854       Restoration asset interest expense
        Beban bunga pasca tambang dan                                                                        Post mining and reclamation
           reklamasi                                               1.221.156                 1.140.336           interest expenses
        Beban bunga MTN                                               76.829                 1.216.483       Interest expense of MTN
        Beban bunga lainnya                                        3.022.733                   330.291       Other interest expenses

        Jumlah                                                    98.606.832               162.645.800       Total

        *Disajikan kembali (Catatan 41)                                                                      *As restated (Note 41)




                                                                                 - 65 -

                                                                                                                                                       713
  The accompanying notes form an integral part of these consolidated financial
                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
  statements as a whole
Page 716
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                            PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                        FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                             FOR THE YEARS ENDED
2023 DAN 2022                                                                                    DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                           unless otherwise stated) - Continued

 34.   LABA PER SAHAM                                                       34.   EARNINGS PER SHARE

                                                              2023                     2022

       Laba yang dapat diatribusikan                      121.570.941.446         77.323.331.449         Profit attributable to
          kepada pemilik entitas induk                                                                      the equity holders of parent entity
          (dinyatakan dalam Rupiah penuh)                                                                   (in full amount)
       Jumlah rata-rata tertimbang saham                                                                 Weight average number of ordinary
          biasa untuk perhitungan laba                                                                      shares for the computation
          per saham dasar                                   9.932.534.336          9.932.534.336            of basic earnings per share
       Laba bersih per saham                                                                             Net profit per share
          (Rupiah penuh)                                               12                          8        (full amount)

       Perusahaan tidak menghitung laba per saham                                 The Company did not calculate diluted earnings per
       dilusian karena Perusahaan tidak mempunyai efek                            share because there was no identified effect or
       berpotensi dilusian.                                                       dilutive potential ordinary share.


 35.   TRANSAKSI DENGAN PIHAK BERELASI                                      35.   TRANSACTION WITH RELATED PARTIES

       Di bawah ini adalah ikhtisar saldo-saldo dan jumlah-                       Below are the summary of balances and transactions
       jumlah transaksi dengan pihak berelasi:                                    with related parties:

                                                              2023                  2022

       a. Kas dan setara kas                                                                           a. Cash and cash equivalents
          Kas di bank                                                                                     Cash in bank
          Rupiah                                                                                          Rupiah
          PT Bank Mandiri (Persero) Tbk                       3.825.821             54.227.538            PT Bank Mandiri (Persero) Tbk
          PT Bank Negara Indonesia                                                                        PT Bank Negara Indonesia
             (Persero) Tbk                                    3.437.277             11.045.409              (Persero) Tbk
          PT Bank Rakyat Indonesia                                                                        PT Bank Rakyat Indonesia
             (Persero) Tbk                                      344.003              4.675.408              (Persero) Tbk
          PT Bank Syariah Indonesia Tbk                         155.488              2.294.834            PT Bank Syariah Indonesia Tbk
          Subjumlah                                           7.762.589             72.243.189            Subtotal
          USD                                                                                             USD
          PT Bank Negara Indonesia                                                                        PT Bank Negara Indonesia
             (Persero) Tbk                                      323.987                330.854              (Persero) Tbk
          Subjumlah                                             323.987                330.854            Subtotal

          Jumlah                                              8.086.576             72.574.043            Total
          Persentase terhadap jumlah aset                         0,17%                   1,38%           Percentage to total assets
       b. Deposito berjangka                                                                           b. Time deposits
          PT Bank Syariah Indonesia Tbk                      70.000.000           115.000.000             PT Bank Syariah Indonesia Tbk
          PT Bank Rakyat Indonesia                                                                        PT Bank Rakyat Indonesia
             (Persero) Tbk                                   20.000.000           240.000.000               (Persero) Tbk
          PT Bank Mandiri (Persero) Tbk                               -            80.000.000             PT Bank Mandiri (Persero) Tbk
          PT Bank Negara Indonesia                                                                        PT Bank Negara Indonesia
          (Persero) Tbk                                               -              5.000.000              (Persero) Tbk
          Jumlah                                             90.000.000           440.000.000             Total
          Persentase terhadap jumlah aset                         1,85%                   8,39%           Percentage to total assets




                                                                      - 66 -

 714
                                                                               Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                            keuangan konsolidasi secara keseluruhan
Page 717
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                              PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                          FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                               FOR THE YEARS ENDED
2023 DAN 2022                                                                                      DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                  (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                             unless otherwise stated) - Continued

                                                               2023                  2022

     c. Piutang usaha                                                                             c. Trade receivables
        PT Semen Indonesia (Persero) Tbk                     215.016.422                      -      PT Semen Indonesia (Persero) Tbk
        PT Semen Padang                                       74.145.832                      -      PT Semen Padang
        PT Solusi Bangun Indonesia Tbk                        36.547.862                      -      PT Solusi Bangun Indonesia Tbk
        PT Pupuk Sriwidjaja                                   10.747.926              8.260.799      PT Pupuk Sriwidjaja
        PT Varia Usaha Beton                                           -                156.731      PT Varia Usaha Beton
         Jumlah                                              336.458.042              8.417.530     Total
         Persentase terhadap jumlah aset                             6,93%                0,16%     Percentage to total assets

     d. Piutang lain-lain                                                                         d. Other receivables
        PT Pertamina EP                                         3.039.239             2.841.773      PT Pertamina EP
        PT Pertamina Hulu Energi Oses                              93.886                     -      PT Pertamina Hulu Energi Oses
         Jumlah                                                 3.133.125             2.841.773     Total
         Persentase terhadap jumlah aset                             0,06%                0,05%     Percentage to total assets

     e. Aset keuangan lancar lainnya                                                              e. Other current financial assets
        PT Asuransi Jasa Indonesia                                                                   PT Asuransi Jasa Indonesia
           (Persero)                                              972.087                    -         (Persero)
        PT Bank Syariah Indonesia Tbk                                   -              130.928       PT Bank Syariah Indonesia Tbk
        PT Bank Rakyat Indonesia                                                                     PT Bank Rakyat Indonesia
           (Persero) Tbk                                             6.225             128.099         (Persero) Tbk
        PT Bank Mandiri (Persero) Tbk                                   94              70.615       PT Bank Mandiri (Persero) Tbk
        PT Bank Negara Indonesia                                                                     PT Bank Negara Indonesia
           (Persero) Tbk                                                 16                 288        (Persero) Tbk

         Jumlah                                                   978.422              329.930      Total

         Persentase terhadap jumlah aset                             0,02%                0,01%     Percentage to total assets

     f. Aset tidak lancar lainnya                                                                 f. Other noncurrent assets
        PT Bank Mandiri (Persero) Tbk                               99.885              99.885       PT Bank Mandiri (Persero) Tbk
        PT Bank Negara Indonesia                                                                     PT Bank Negara Indonesia
           (Persero) Tbk                                            50.000           53.335.870        (Persero) Tbk

         Jumlah                                                   149.885            53.435.755     Total

         Persentase terhadap jumlah aset                             0,00%                1,02%     Percentage to total assets

     g. Beban dibayar dimuka                                                                      g. Prepaid expenses
        PT BRI Asuransi Indonesia                                          -         19.159.330      PT BRI Asuransi Indonesia
        PT BRI Life                                                        -            683.482      PT BRI Life

         Jumlah                                                            -         19.842.812     Total

         Persentase terhadap jumlah aset                             0,00%                0,38%     Percentage to total assets

     h. Uang jaminan                                                                              h. Cash deposits
        PT Perusahaan Listrik Negara                                                                 PT Perusahaan Listrik Negara
           (Persero)                                          17.861.760             17.861.760        (Persero)

         Persentase terhadap jumlah aset                             0,37%                0,34%     Percentage to total assets




                                                                           - 67 -

                                                                                                                                                715
    The accompanying notes form an integral part of these consolidated financial
                                                                                                   2023 Annual Report ∙ PT Semen Baturaja Tbk
    statements as a whole
Page 718
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                     PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                 FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                      FOR THE YEARS ENDED
2023 DAN 2022                                                                             DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                         (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                    unless otherwise stated) - Continued

                                                           2023                 2022

     i. Utang usaha                                                                               i. Trade payables
        PT Pos Logistik                                    32.282.116           17.400.869           PT Pos Logistik
        PT Bukit Asam Tbk                                  19.284.059           64.733.806           PT Bukit Asam Tbk
        PT Semen Padang                                    17.644.591                    -           PT Semen Padang
        PT Kereta Api Indonesia                                                                      PT Kereta Api Indonesia
           (Persero)                                        9.854.808            4.610.719             (Persero)
        PT Baturaja Daya Insani                             8.050.119            5.864.834           PT Baturaja Daya Insani
        PT Dahana (Persero)                                 6.106.942            4.931.646           PT Dahana (Persero)
        PT Semen Indonesia (Persero) Tbk                    3.938.093                    -           PT Semen Indonesia (Persero) Tbk
        PT Semen Indonesia Logistik                         2.769.581                    -           PT Semen Indonesia Logistik
        PT Petrokimia Gresik                                2.226.613            5.698.844           PT Petrokimia Gresik
        PT Pasoka Sumber Karya                              1.894.024            2.236.314           PT Pasoka Sumber Karya
        PT Pertamina Persero                                1.424.880                    -           PT Pertamina Persero
        PT Pelabuhan Tanjung Priok                          1.379.662              781.786           PT Pelabuhan Tanjung Priok
        Koperasi Konsumen Warga                                                                      Koperasi Konsumen Warga
           Semen Gresik                                      870.712                      -            Semen Gresik
        PT Telemedia Dinamika Sarana                         642.792                140.180          PT Telemedia Dinamika Sarana
        PT Telekomunikasi Indonesia                                                                  PT Telekomunikasi Indonesia
           (Persero) Tbk                                      97.098                351.538            (Persero) Tbk
        PT Sucofindo (Persero)                                80.260                 64.900          PT Sucofindo (Persero)
        Koperasi Karyawan Semen Baturaja                      34.273                 14.675          Koperasi Karyawan Semen Baturaja
        PT Bank Negara Indonesia                                                                     PT Bank Negara Indonesia
           (Persero) Tbk                                      29.236                     -             (Persero) Tbk
        PT Indonesia Comnets Plus                             17.600               189.442           PT Indonesia Comnets Plus
        PT Kereta Api Logistik                                     -             2.724.979           PT Kereta Api Logistik
        Subjumlah                                         108.627.459         109.744.532            Subtotal

        Utang usaha terkait perjanjian                                                               Trade payables under
           supplier financing                                                                          supplier financing
        PT Baturaja Daya Insani                            12.631.415           11.216.073           PT Baturaja Daya Insani
        PT Pasoka Sumber Karya                                825.978              295.688           PT Pasoka Sumber Karya
        Subjumlah                                          13.457.393           11.511.761           Subtotal
        Jumlah                                            122.084.852         121.256.293            Total
        Persentase terhadap                                                                          Percentage to
           jumlah liabilitas                                    7,20%                  5,60%           total liabilities

     j. Utang lain-lain                                                                           j. Other current liabilities
        PT Semen Indonesia                                  2.856.138                    -           PT Semen Indonesia
        PT BRI Asuransi Indonesia                                   -           20.200.526           PT BRI Asuransi Indonesia
        RS Pelabuhan Palembang                                      -              599.898           RS Pelabuhan Palembang
        PT Aneka Tambang (Persero) Tbk                              -              484.446           PT Aneka Tambang (Persero) Tbk
        PT Asuransi Jiwa IFG                                        -               59.963           PT Asuransi Jiwa IFG
        PT Bio Farma (Persero)                                      -               18.414           PT Bio Farma (Persero)
        PT Asuransi Jasa Indonesia (Persero)                        -                8.931           PT Asuransi Jasa Indonesia (Persero)
        PT Asuransi Kredit Indonesia                                -                  878           PT Asuransi Kredit Indonesia
        Jumlah                                              2.856.138           21.373.056           Total
        Persentase terhadap                                                                          Percentage to
           jumlah liabilitas                                    0,17%                  0,99%           total liabilities




                                                                  - 68 -

  716
                                                                           Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                        keuangan konsolidasi secara keseluruhan
Page 719
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                              PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                          FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                               FOR THE YEARS ENDED
2023 DAN 2022                                                                                      DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                  (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                             unless otherwise stated) - Continued

                                                                2023                  2022
     k. Beban akrual                                                                                 k. Accrued expenses
        PT Perusahaan Listrik Negara                                                                    PT Perusahaan Listrik Negara
           (Persero)                                           25.853.989             14.828.209          (Persero)
        PT Bank Negara Indonesia                                                                        PT Bank Negara Indonesia
           (Persero) Tbk                                          913.624              6.321.450          (Persero) Tbk
        PT Bank Mandiri (Persero) Tbk                             258.860                      -        PT Bank Mandiri (Persero) Tbk
        PT Kereta Api Indonesia (Persero)                               -                170.500        PT Kereta Api Indonesia (Persero)
        Jumlah                                                 27.026.473             21.320.159        Total
        Persentase terhadap                                                                             Percentage to
           jumlah liabilitas                                          1,59%                  0,98%        total liabilities

     l. Penjualan                                                                                    l. Sales
        PT Semen Indonesia (Persero) Tbk                   1.394.682.014                        -       PT Semen Indonesia (Persero) Tbk
        PT Semen Padang                                       97.188.714                        -       PT Semen Padang
        PT Pupuk Sriwijaya                                                                              PT Pupuk Sriwijaya
           (White Clay )                                      32.913.628              31.817.578          (White Clay)
        PT Solusi Bangun Indonesia                            60.685.879                       -        PT Solusi Bangun Indonesia
        Jumlah                                             1.585.470.235              31.817.578        Total
        Persentase terhadap
           jumlah penjualan                                         77,69%                   1,69%      Percentage to total sales

     m. Pembelian produk dan jasa                                                                    m. Purchase of goods and services
        PT Semen Padang                                         8.970.969                      -        PT Semen Padang
        PT Dahana (Persero)                                     6.106.942              4.754.937        PT Dahana (Persero)
        PT Pelabuhan Tanjung Priok                              1.379.662                411.588        PT Pelabuhan Tanjung Priok
        PT Telkom Indonesia (Persero)                              97.098                492.812        PT Telkom Indonesia (Persero)
        PT Sucofindo (Persero)                                     64.900                 64.900        PT Sucofindo (Persero)
        PT Asuransi Jasa Indonesia                                  3.572                  3.572        PT Asuransi Jasa Indonesia
           (Persero)                                                                                        (Persero)
        PT Sucofindo Cabang                                                                             PT Sucofindo Cabang
         Palembang                                                  15.360                      -         Palembang
         Subjumlah                                             16.638.503              5.727.809         Subtotal
         Pembelian bahan baku                                                                            Purchase of raw material
            dan penunjang                                                                                  and supplies
         PT Bukit Asam Tbk                                   105.480.865             143.939.061         PT Bukit Asam Tbk
         PT Dahana (Persero)                                  17.017.489                       -         PT Dahana (Persero)
         PT Petrokimia Gresik                                 12.497.442               8.317.562         PT Petrokimia Gresik
         PT Pertamina Patra Niaga                              5.991.780                       -         PT Pertamina Patra Niaga
         PT Semen Indonesia Distributor                                -               7.004.600         PT Semen Indonesia Distributor
         PT Industri Kemasan                                                                             PT Industri Kemasan
          Semen Gresik                                                      -           786.830           Semen Gresik
         Subjumlah                                           140.987.576             160.048.053         Subtotal

         Biaya angkutan material                                                                         Transportation expenses
                                                                                                           for material
         PT Pos Logistik                                       60.851.917             62.230.898         PT Pos Logistik
         PT Kereta Api Indonesia                                                                         PT Kereta Api Indonesia
            (Persero)                                          26.463.043             32.005.630            (Persero)
         PT Kereta Api Logistik                                14.425.896             15.527.920         PT Kereta Api Logistik
         PT Pasoka Sumber Karya                                 7.558.720              3.660.277         PT Pasoka Sumber Karya

         Subjumlah                                           109.299.577             113.424.725         Subtotal




                                                                           - 69 -

                                                                                                                                                   717
     The accompanying notes form an integral part of these consolidated financial
                                                                                                      2023 Annual Report ∙ PT Semen Baturaja Tbk
     statements as a whole
Page 720
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                            FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                 FOR THE YEARS ENDED
2023 DAN 2022                                                                                        DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                    (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                               unless otherwise stated) - Continued

                                                                 2023                     2022
        Pembelian listrik                                                                                       Electricity purchase
        PT Perusahaan Listrik Negara                                                                            PT Perusahaan Listrik Negara
           (Persero)                                           201.463.633              184.759.916               (Persero)
        Subjumlah                                              201.463.633              184.759.916             Subtotal
        Jumlah                                                 468.389.289              463.960.503             Total
        Persentase terhadap                                                                                     Percentage to
           jumlah pembelian                                          25,66%                    28,50%             total purchase

     Rincian sifat hubungan dan jenis transaksi yang                                    The details of nature and type of transaction with the
     material dengan pihak berelasi adalah sebagai                                      related parties are as follows:
     berikut:
     Pihak yang berelasi/Related parties                        Sifat berelasi/Nature of relation          Transaksi berelasi/Transaction of relation

     PT Asuransi Jasa Indonesia (Persero)                  Perusahaan di bawah entitas pengendali/       Pembelian jasa asuransi/
                                                           Entities under common control                 Purchase of Insurance

     PT Asuransi Jiwa IFG                                  Perusahaan di bawah entitas pengendali/       Pembelian jasa asuransi/
                                                           Entities under common control                 Purchase of Insurance

     PT Bank Mandiri (Persero) Tbk                         Perusahaan di bawah entitas pengendali/       Penerimaan pinjaman/Loan facility
                                                           Entities under common control                 Penempatan dana/Placement of fund

     PT Bank Negara Indonesia (Persero) Tbk                Perusahaan di bawah entitas pengendali/       Penempatan dana/Placement of fund
                                                           Entities under common control                 Penerimaan pinjaman/Loan facility

     PT Bank Rakyat Indonesia (Persero) Tbk                Perusahaan di bawah entitas pengendali/       Penempatan dana/
                                                           Entities under common control                 Placement of fund

     PT Bank Syariah Indonesia Tbk                         Perusahaan di bawah entitas pengendali/       Penempatan dana/
                                                           Entities under common control                 Placement of fund

     PT Bukit Asam Tbk                                     Perusahaan di bawah entitas pengendali/       Pembelian bahan bakar/
                                                           Entities under common control                 Purchase of fuel

     PT Dahana (Persero)                                   Perusahaan di bawah entitas pengendali/       Pembelian bahan baku/
                                                           Entities under common control                 Purchase of raw material

     PT Kereta Api Indonesia (Persero)                     Perusahaan di bawah entitas pengendali/       Pembelian jasa angkutan/Railway service
                                                           Entities under common control                 Sewa Tanah/Land Rent

     PT Kereta Api Logistik                                Perusahaan di bawah entitas pengendali/       Pembelian jasa angkutan/
                                                           Entities under common control                 Purchase of freight

     PT Pasoka Sumber Karya                                Perusahaan di bawah entitas pengendali/       Pembelian jasa angkutan/
                                                           Entities under common control                 Purchase of freight

     PT Pelabuhan Tanjung Priok                            Perusahaan di bawah entitas pengendali/       Pembelian jasa angkutan/
                                                           Entities under common control                 Purchase of freight

     PT Perusahaan Listrik Negara (Persero)                Perusahaan di bawah entitas pengendali/       Pembelian energi listrik/
                                                           Entities under common control                 Purchase of electricity
     PT Petrokimia Gresik                                  Perusahaan di bawah entitas pengendali/       Pembelian bahan baku/
                                                           Entities under common control                 Purchase of raw material
     PT Pos Logistik                                       Perusahaan di bawah entitas pengendali/       Pembelian jasa angkutan/
                                                           Entities under common control                 Purchase of freight

     PT Semen Indonesia Distributor                        Perusahaan di bawah entitas pengendali/       Pembelian bahan baku/
                                                           Entities under common control                 Purchase of clinker
     PT Sucofindo (Persero)                                Perusahaan di bawah entitas pengendali/       Pembelian jasa surveyor/
                                                           Entities under common control                 Purchase of surveyor




                                                                            - 70 -

  718
                                                                                      Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
            PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                                   keuangan konsolidasi secara keseluruhan
Page 721
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                           PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                       FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                            FOR THE YEARS ENDED
2023 DAN 2022                                                                                                   DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                               (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                          unless otherwise stated) - Continued

       Pihak yang berelasi/Related parties                          Sifat berelasi/Nature of relation                      Transaksi berelasi/Transaction of relation

       PT Telkom Indonesia (Persero)                           Perusahaan di bawah entitas pengendali/                   Pembelian jasa komunikasi/
                                                               Entities under common control                             Purchase of communication

       PT Varia Usaha Beton                                    Perusahaan di bawah entitas pengendali/                   Penjualan semen/
                                                               Entities under common control                             Sales of cement

       PT Indonesia Comnets Plus                               Perusahaan di bawah entitas pengendali/                   Pembelian jasa IT/
                                                               Entities under common control                             Purchase of IT service

       PT Telemedia Dinamika Sarana                            Perusahaan di bawah entitas pengendali/                   Pembelian jasa IT/
                                                               Entities under common control                             Purchase of IT service

       PT Pupuk Sriwidjaja Palembang                           Perusahaan di bawah entitas pengendali/                   Pengelolaan limbah/
                                                               Entities under common control                             Waste management

       Badan Penyelenggara Jaminan Sosial (BPJS) Perusahaan di bawah entitas pengendali/                                 Pembelian jasa asuransi/
                                                 Entities under common control                                           Purchase of insurance

       Baturaja Daya Insani                                    Perusahaan di bawah entitas pengendali/                   Pembelian jasa tenaga kerja/
                                                               Entities under common control                             Purchase of labor services

       PT Industri Kemasan Semen Gresik                        Perusahaan di bawah entitas pengendali/                   Pembelian bahan baku dan penunjang/
                                                               Entities under common control                             Purchase of raw material and supplies
       Koperasi Karyawan Semen Baturaja                        Perusahaan di bawah entitas pengendali/                   Pembelian jasa/
                                                               Entities under common control                             Purchase of services

       PT Bio Farma (Persero)                                  Perusahaan di bawah entitas pengendali/                   Pembalian jasa kesehatan/
                                                               Entities under common control                             Purchase of health services

       Asuransi Kredit Indonesia                               Perusahaan di bawah entitas pengendali/                   Pembelian jasa asuransi/
                                                               Entities under common control                             Purchase of insurance


 36.   IKATAN, PERJANJIAN DAN KONTINJENSI                                                  36.       COMMITMENTS,                         AGREEMENTS                     AND
                                                                                                     CONTINGENCY

       Konsesi penambangan batu kapur                                                                Limestone mining concession

                                          Surat keputusan/Decree                                               Izin/Permit
        No.                                                                                          Pemegang/                                       Lokasi/Location
                   Nomor/Numb er            Tanggal/Date                   Oleh/By                             Period akhir/ End period
                                                                                                       Holder
                                                               Kepala Dinas Penanaman Modal
                                                                                                                                          Kabupaten Ogan Komering Ulu, Provinsi
                     IUP OP No.                                dan Pelayanan Terpadu Satu
         1                               23 Maret/March 2010                                             SB       22 Maret/March 2030     Sumatera Selatan/Ogan Komering Ulu
               0346/DPMPTSP.V/V/2019                           Pintu/Head of Investment Office
                                                                                                                                          District, South Sumatera
                                                               and One-Stop Integrated Services
                                                               Gubernur                   Sumatera                                        Kabupaten Ogan Komering Ulu, Provinsi
                     IUP OP No.
         2                                 28 Juli/July 2017   Selatan/Governor      of      South       SB         27 Juli/July 2037     Sumatera Selatan/Ogan Komering Ulu
               269/DPMPTSP.V/VII/2017
                                                               Sumatera                                                                   District, South Sumatera
                                                            Kepala Dinas Penanaman Modal
                                                20
              IUP OP No. 236/KEP.KA.DPM-                    dan Pelayanan Terpadu Satu                           18 November/Novemb er Kabupaten Sarolangun, Provinsi Jambi/
         3                               November/Novemb er                                              SB
                 PTSP-6/IUP.OP/XI/2019                      Pintu/Head of Investment Office                              2039          Sarolangun District, Jamb i
                                               2019
                                                            and One-Stop Integrated Services
                                                                                                                                          Kabupaten Ogan Komering Ulu Selatan,
                                                               Bupati    Ogan    Komering  Ulu
                     IUP OP No.                                                                                                           Provinsi  Sumatera    Selatan/Ogan
         4                                 29 Juli/July 2013   Selatan/Regent of Ogan Komering           SB         28 Juli/July 2028
               302/KPTS/TAMBEN/2013                                                                                                       Komering Ulu Selatan District, South
                                                               Ulu Selatan
                                                                                                                                          Sumatera
                                                               Kepala Dinas Penanaman Modal
                                                                                                                                          Kabupaten Ogan Komering Ulu, Provinsi
                      IUP OP No.                               dan Pelayanan Terpadu Satu
         5                               23 Maret/March 2020                                             SB       23 Maret/March 2025     Sumatera Selatan/Ogan Komering Ulu
                0034/DPMPTSP.V/I/2020                          Pintu/Head of Investment Office
                                                                                                                                          District, South Sumatera
                                                               and One-Stop Integrated Services
                                                                                                                                          Kabupaten Ogan Komering Ulu Selatan,
                                                               Bupati    Ogan    Komering  Ulu
                     IUP OP No.                                                                                                           Provinsi  Sumatera    Selatan/Ogan
         6                                 29 Juli/July 2013   Selatan/Regent of Ogan Komering           SB         28 Juli/July 2028
               303/KPTS/TAMBEN/2013                                                                                                       Komering Ulu Selatan District, South
                                                               Ulu Selatan
                                                                                                                                          Sumatera
                                                               Kepala Dinas Penanaman Modal
                                                                                                                          10              Kabupaten Ogan Komering Ulu, Provinsi
                     IUP OP No.             11 September/      dan Pelayanan Terpadu Satu
         7                                                                                               SB       September/Septemb er    Sumatera Selatan/Ogan Komering Ulu
                 2202053216770010          Septemb er 2023     Pintu/Head of Investment Office
                                                                                                                         2043             District, South Sumatera
                                                               and One-Stop Integrated Services
                                                               Kepala Dinas Penanaman Modal
                  IUP Eksplorasi No.
                                                               dan Pelayanan Terpadu Satu                                                 Kabupaten Sarolangun, Provinsi Jambi/
         8    0707211/198/KEP.KA.DP M-    22 Juni/June 2017                                              SB        21 Juni/June 2024
                                                               Pintu/Head of Investment Office                                            Sarolangun District, Jamb i
                 PTSP-6/IUP/X/2020
                                                               and One-Stop Integrated Services




                                                                                  - 71 -

                                                                                                                                                                            719
   The accompanying notes form an integral part of these consolidated financial
                                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
   statements as a whole
Page 722
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                    PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                     FOR THE YEARS ENDED
2023 DAN 2022                                                                            DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                        (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                   unless otherwise stated) - Continued

      Fasilitas kredit                                                       Credit facilities

      PT Bank Mandiri (Persero) Tbk                                          PT Bank Mandiri (Persero) Tbk

      Pada tanggal 31 December 2023 dan 31 Desember                          On December 31, 2023 and December 31, 2022 the
      2022, Perusahaan melakukan perjanjian kredit                           Company conducted a credit agreement with
      dengan PT Bank Mandiri (Persero) Tbk yang terdiri                      PT Bank Mandiri (Persero) Tbk consisting of:
      dari:

      a.      Fasilitas Noncash Loan                                        a.     Noncash Loan Facility

              Pinjaman ini merupakan fasilitas noncash loan                        This loan is a noncash loan facility obtained by
              yang diperoleh oleh Perusahaan dengan pagu                           the Company with a maximum limit of USD
              maksimum USD 3.100.000 dari limit Global Line                        3,100,000 from the Global Line limit based on
              berdasarkan Perjanjian Kredit Modal Kerja                            the twenty sixth Addendum Working Capital
              Adendum keduapuluh enam pada tanggal 31                              Credit Agreement on May 31, 2023 under
              Mei    2023    atas   perjanjian   No.    KP-                        agreement No. KP-COD/04/PLC/2001, Deed
              COD/04/PLC/2001, Akta No. 176 tanggal 31                             No. 176 dated October 31, 2001 made before
              Oktober 2001 dibuat di hadapan Machrani                              Machrani Moertolo Soenarto S.H., Notary in
              Moertolo Soenarto S.H., Notaris di Jakarta.                          Jakarta. With the facility term starting from June
              Dengan jangka waktu fasilitas terhitung sejak                        28, 2023 until June 27, 2024.
              tanggal 28 Juni 2023 sampai dengan 27 Juni
              2024.

      b.      Perjanjian Mandiri Supplier Financing (MSF)                   b.     Mandiri Supplier Financing Agreement
              Pada tanggal 31 Mei 2023, Induk Perusahaan                           On May 31, 2023, the Parent Company entered
              melakukan perjanjian dengan PT Bank Mandiri                          into an agreement with PT Bank Mandiri
              (Persero) Tbk berdasarkan Pernyataan Kembali                         (Persero) Tbk based on the Restatement of
              Perjanjian Kerja Sama PT Semen Indonesia                             Cooperation Agreement PT Semen Indonesia
              (Persero) Tbk No. 006031/KU/DP/50057381/                             (Persero)                  Tbk             No.
              2000/05.2023 dengan PT Bank Mandiri                                  006031/KU/DP/50057381/2000/05.2023         and
              (Persero) Tbk No. CBG.CB2/CSD.PKS.024/                               PT Bank Mandiri (Persero) Tbk No.
              2023. Dengan jangka waktu fasilitas kredit                           CBG.CB2/CSD.PKS.024/2023. With the term of
              ditetapkan terhitung mulai tanggal 28 Juni 2023                      the credit facility set from June 28, 2023 until
              sampai dengan 27 Juni 2024.                                          June 27, 2024.
      PT Bank Negara Indonesia (Persero) Tbk                                  PT Bank Negara Indonesia (Persero) Tbk

      Pada tanggal 16 Juni 2023, Induk Perusahaan                            On June 16, 2023, the Parent Company entered
      melakukan perjanjian kredit dengan PT Bank Negara                      into a credit agreement with PT Bank Negara
      Indonesia (Persero) Tbk yang terdiri dari:                             Indonesia (Persero) Tbk which consists of:
      a.      Fasilitas LC/SKBDN                                              a.     LC/SKBDN Facilities
              Pinjaman ini merupakan fasilitas noncash loan                         This loan is a noncash loan facility obtained by
              yang diperoleh berdasarkan Perjanjian Fasilitas                       the Company from the Global Line limit based
              Kredit     Tidak    Langsung       No.       (4)                      on Indirect Credit Facility Agreement No. (4)
              001/BIN/PPFKTL/2020 tanggal 16 Juni 2023,                             001/BIN/PPFKTL/2020 dated June 16, 2023,
              fasilitas tersebut tanpa agunan (negative                             the facility is without collateral (negative
              pledge) dengan jangka waktu fasilitas terhitung                       pledge) with the facility term starting from April
              mulai 17 April 2023 sampai dengan 16 April                            17, 2023 to April 16, 2024.
              2024.
      b.      Fasilitas Open Account Financing                                b.     Open Account Financing Facilities
              Pinjaman ini merupakan fasilitas Noncash Loan                         This loan is a noncash loan facility obtained
              yang diperoleh berdasarkan Perjanjian Fasilitas                       from the Global Line limit based on Indirect
              Kredit     Tidak     Langsung      No.       (4)                      Credit     Facility  Agreement      No.       (4)
              001/BIN/PPFKTL/2020 tanggal 16 Juni 2023,                             001/BIN/PPFKTL/2020 dated June 16, 2023,
              fasilitas tersebut tanpa agunan (negative                             the facility is without collateral (negative
              pledge) dengan jangka waktu fasilitas terhitung                       pledge) with a facility period starting from
              mulai 17 April 2023 sampai dengan 16 April                            April 17, 2023 to April 16, 2024. The facility is
              2024. Fasilitas digunakan untuk membayar                              used to pay supplier bills that have been
              tagihan pemasok yang telah direkomendasikan                           recommended by the entity in accordance with
              oleh entitas maksimal sesuai jangka waktu                             the maximum the invoice period that the entity
              faktur yang telah ditetapkan entitas dan                              has set and is a maximum of 90 calendar days.
              maksimal 90 hari kalender.


                                                                 - 72 -

720
                                                                    Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                 keuangan konsolidasi secara keseluruhan
Page 723
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                    PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                     FOR THE YEARS ENDED
2023 DAN 2022                                                                                            DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                        (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                   unless otherwise stated) - Continued

        c. Fasilitas Notional Pooling                                                       c.   Notional Pooling Facility
           Pinjaman ini merupakan fasilitas cash loan yang                                       This loan is a cash loan facility obtained Parent
           diperoleh oleh Perusahaan berdasarkan                                                 Company based on the Notional Pooling
           Perjanjian Kerjasama Pelayanan Jasa Notional                                          Services Cooperation Agreement No. BNI:
           Pooling No. BNI: BIN/009/PKS/NP/2019 dan                                              BIN/009/PKS/NP/2019               and           No.
           No.SI:0001624/KU/DP/50050429/2000/09/2019                                             SI:0001624/KU/DP/50050429/2000/09/2019
           beserta perubahannya dengan jangka waktu                                              and its amendments with a period from April
           mulai 26 April 2023 sampai dengan       26 April                                      26, 2023 to April 26, 2024, the facility is without
           2024, fasilitas tersebut tanpa agunan (negative                                       collateral (negative pledge).
           pledge).
        d. Fasilitas Kredit Sindikasi Sustainability                                        d.    Sustainability Linked Loan Syndicated
           Linked Loan                                                                            Credit Facility
           Pada tanggal 28 Maret 2023 telah dilakukan                                            On March 28, 2023, a SLL agreement was
           penandatanganan perjanjian SLL dari PT Bank                                           signed from PT Bank Negara Indonesia
           Negara Indonesia (Persero) Tbk merupakan                                              (Persero) Tbk, a syndicated loan refinancing
           refinancing pinjaman sindikasi Akta No.14                                             Deed No. 14 dated February 16 2021 with a
           tanggal 16 Februari 2021 dengan jangka waktu                                          term of 5 years from the signing of the credit
           5 tahun sejak penandatanganan perjanjian                                              agreement or December 23, 2027 and an
           kredit atau tanggal 23 Desember 2027 dan suku                                         interest rate of JIBOR 3 month + margin
           bunga JIBOR 3 bulan + marjin (upfront fee:                                            (upfront fee: 0.35% flat proportional to
           0,35% flat proporsional sesuai penarikan,                                             withdrawal, payable a maximum of one day
           dibayarkan saat maksimal satu hari sebelum                                            before the facility withdrawal date), the facility
           tanggal penarikan fasilitas), fasilitas tersebut                                      is without collateral (negative pledge).
           tanpa agunan (negative pledge).
       PT Bank Rakyat Indonesia (Persero) Tbk                                               PT Bank Rakyat Indonesia (Persero) Tbk

       Fasilitas kredit jangka pendek dan supply chain                                      Short term credit facility and supply chain
       financing account payable                                                            financing account payable
       Perusahaan menandatangani Penawaran Putusan                                          The Company signed Credit Verdict Offer No. 7
       Kredit No. 7 tanggal 13 September 2023 tentang                                       dated September 13, 2023 concerning the
       perpanjangan fasilitas Supply Chain Account                                          extension of the Supply Chain Account Payable
       Payable (SCF AP) dengan jangka waktu kredit                                          (SCF AP) facility with a credit period valid until 18
       berlaku sampai 18 Agustus 2024, fasilitas tersebut                                   August 2024, this facility is without collateral
       tanpa agunan (negative pledge).                                                      (negative pledge).
       Perjanjian distributor tunggal                                                       Sole distributor agreement
       Pada tanggal 10 Maret 2023, Perusahaan                                               On March 10, 2023, the Company into an
       menandatangani perjanjian dengan PT Semen                                            agreement with PT Semen Indonesia (Persero)
       Indonesia (Persero) Tbk, untuk menjalin kerja sama                                   Tbk, to establish cooperation by appointing PT
       dengan menunjuk PT Semen Indonesia (Persero)                                         Semen Indonesia (Persero) Tbk as the sole
       Tbk sebagai distributor tunggal. Perjanjian ini                                      distributor. This agreement is valid from March 11,
       berlaku dari tanggal 11 Maret 2023 sampai dengan                                     2023 until March 10, 2028.
       10 Maret 2028.
       Klaim kerusakan gear box Tianjin Cement                                              Tianjin Cement Industry & Research Institute
       Industry & Research Institute Co., Ltd (“TCDRI”)                                     Co., Ltd (“TCDRI”) gear box damage claims
       Grup melakukan kerjasama pembangunan pabrik                                          The Group cooperated in the construction of the
       Baturaja II (“BTA II”) dengan TCDRI pada tahun                                       Baturaja II (“BTA II”) factory with TCDRI in 2015.
       2015. Pabrik BTA II selesai dibangun dan mulai                                       The BTA II factory was completed and started
       beroperasi pada tahun 2017.                                                          operations in 2017.
       Pada 29 Maret 2019, muncul indikasi kerusakan                                        On March 29, 2019, there were indications of
       pada gear box di pabrik BTA II. Terkait kerusakan                                    damage to the gear box at the BTA II factory. In
       tersebut, Grup mengajukan klaim sebesar                                              relation to these damages, the Group submitted a
       Rp24.424.292 pada tanggal 28 Agustus 2019.                                           claim amounting to Rp24,424,292 on August 28,
                                                                                            2019.

       Hasil korespondensi pada tanggal 29 September                                        The results of correspondence on September 29,
       2020 TCDRI menyatakan hanya bersedia                                                 2020, TCDRI stated that they were only willing to
       membayar sebesar Rp12.162.600 dari total                                             pay Rp12,162,600 of the total claim submission. So
       pengajuan klaim. Maka pada tanggal 5 Oktober                                         on October 5, 2020, the Company stated that it was
       2020 Perusahaan menyatakan bersedia menerima                                         willing to accept the payment of Rp12,162,000 but
       pembayaran Rp12.162.600, namun Perusahaan                                            would still collect the remainder of the total claim
       akan tetap akan menagih sisa dari total klaim yang                                   submitted.
       diajukan.

                                                                                 - 73 -

                                                                                                                                                    721
  The accompanying notes form an integral part of these consolidated financial
                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
  statements as a whole
Page 724
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                 PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                             FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                  FOR THE YEARS ENDED
2023 DAN 2022                                                                                         DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                     (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                unless otherwise stated) - Continued

       Perusahaan telah melakukan upaya hukum di                                     The Company has taken legal action at the Indonesian
       Badan Arbitrase Nasional Indonesia (”BANI”),                                  National Arbitration Board (“BANI”), that on August 10,
       bahwa pada tanggal 10 Agustus 2023 BANI telah                                 2023 BANI has issued a Decision No. 45089/X/ARB-
       mengeluarkan     Putusan   No.     45089/X/ARB-                               BANI/2022 which in essence in the main case punishes
       BANI/2022 yang pada pokoknya dalam pokok                                      the Respondent (TCDRI) to pay compensation in cash
       perkara menghukum Termohon (TCDRI) untuk                                      and at the same time to the Company amounting to
       membayar ganti kerugian secara tunai dan                                      Rp13,180,237 and EUR683,844.
       sekaligus kepada Perusahaan senilai Rp13.180.237
       dan EUR683.844.
                                                                                     On January 8, 2024, the Company received cash
       Pada tanggal 8 Januari 2024, Perusahaan                                       compensation amounted Rp9,385,698 in accordance
       menerima ganti kerugian secara tunai sebesar                                  with decision No. 45089/X/ARD-BANI/2022.
       Rp9.385.698     sesuai     dengan    putusan
       No. 45089/X/ARD-BANI/2022.


 37.   ASET DAN LIABILITAS MONETER DALAM MATA                                  37. MONETARY     ASSETS     AND   LIABILITIES
       UANG ASING                                                                  DENOMINATED IN FOREIGN CURRENCY

                                                           2023                                   2022
                                               Mata uang                              Mata uang
                                                 asing/                                 asing/
                                                Foreign           Ekuivalen/           Foreign           Ekuivalen/
                                               currency           equivalent          currency           equivalent

       Aset                                                                                                                 Assets
       Kas dan setara kas        USD                  21,02          323.987                  26,63          419.065        Cash and cash equivalents

       Jumlah aset                                                   323.987                                 419.065        Total assets

       Aset bersih                                                   323.987                                 419.065        Net assets



 38.   INFORMASI TAMBAHAN LAPORAN ARUS KAS                                     38.      ADDITIONAL INFORMATION OF CONSOLIDATED
       KONSOLIDASI                                                                      STATEMENT OF CASH FLOWS

       Informasi tambahan atas laporan kas yang berkaitan                               Supplementary information to the consolidated
       dengan aktivitas nonkas sebagai berikut:                                         statement of cash flows relating to noncash activities
                                                                                        are as follows:

                                                                  2023                 2022

       Aktivitas investasi                                                                              Investing activities
       Perolehan aset tetap                                                                             Acquisition of fixed assets through
          melalui kenaikan utang lainnya                                                                   increasing of other payables
          dan beban akrual                                    15.759.865             14.891.432            and accrued expenses

       Perolehan aset dalam pembangunan                                                                 Acquisition of construction in progress
          melalui kenaikan utang lainnya                                                                  through increasing of other payables
          dan beban akrual                                    44.152.453             43.423.261           and accrued expenses

       Perolehan aset takberwujud                                                                       Acquisition of intangible assets
          melalui kenaikan utang lainnya                                                                  through increasing of other payables
          dan beban akrual                                     4.491.000              4.749.827           and accrued expenses

       Perolehan aset hak guna                                                                          Acquisition of right of use assets
          melalui liabilitas sewa                              2.385.017              1.001.269           through of lease liabilities




                                                                          - 74 -

 722
                                                                                     Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                                  keuangan konsolidasi secara keseluruhan
Page 725
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                               PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                           FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                                FOR THE YEARS ENDED
2023 DAN 2022                                                                                                       DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                                   (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                              unless otherwise stated) - Continued

       Rincian  rekonsiliasi liabilitas pada    tanggal                                                Details of liabilities reconciliation as of December 31,
       31 Desember 2023 dan 2022 adalah sebagai berikut:                                               2023 and 2022 are as follows:
                                                                                             2023
                                           Saldo awal/                Arus kas/               Nonkas/                  Amortisasi/            Saldo akhir/
                                         Beginning balance            Cash flow              Noncash                  Amortization           Ending balance

        Pinjaman bank                        1.356.713.772           (595.561.458)                -                     11.217.691                 772.370.005        Bank loans
        Liabilitas sewa                        120.450.255            (13.216.657)              2.385.017                9.767.278                 119.385.893        Lease liabilities

        Jumlah                               1.477.164.027           (608.778.115)              2.385.017               20.984.969                 891.755.898        Total

                                                                                            2022
                                                                                           Nonkas dan
                                                                                          penyesuaian/
                                           Saldo Awal/               Arus kas/            Noncash and                 Amortisasi/           Saldo akhir/
                                         Beginning balance           Cash flow             adjustments               Amortization          Ending balance

        Pinjaman bank                        1.650.973.725          (296.892.033)                      -                2.632.080            1.356.713.772          Bank loans
        Liabilitas sewa                        131.230.187           (23.479.044)              2.360.392               10.338.720              120.450.255          Lease liabilities

        Jumlah                               1.782.203.912          (320.371.077)              2.360.392               12.970.800            1.477.164.027          Total



 39.   INSTRUMEN KEUANGAN, MANAJEMEN RISIKO                                                       39.           FINANCIAL INSTRUMENT, FINANCIAL RISK AND
       KEUANGAN DAN MODAL                                                                                       CAPITAL MANAGEMENT

       a.    Kategori dan Kelas Instrumen Keuangan                                                              a.   Categories and                      Classes            of        Financial
                                                                                                                     Instruments

                                                    Ase t ke ua nga n              Ase t ke ua nga n
                                                       pa da bia ya                pa da nila i wa ja r
                                                        pe role ha n              me la lui la ba rugi/                     Jumla h
                                                      dia mortisa si/            Fina nc ia l a sse ts a t            a se t ke ua nga n/
                                                  Fina nc ia l a sse ts          fa ir va lue through                        Tota l
                                                  a t a mortiz e d c ost             profit or loss                  fina nc ia l a sse ts
             31 Desember 2023                                                                                                                        Dec ember 31, 2023

             AS ET LANCAR                                                                                                                            CURRENT AS S ETS
             Kas dan setara kas                               98.386.875                                -                       98.386.875           Cash and c ash equivalents
             Piutang usaha                                                                                                                           Trade rec eivables
               Pihak berelasi                                336.458.042                                -                      336.458.042              Related parties
               Pihak ketiga                                   122.511.356                               -                       122.511.356             Third parties
             Piutang lain- lain                                                                                                                      Other rec eivables
               Pihak berelasi                                    3.133.125                              -                          3.133.125            Related parties
               Pihak ketiga                                          3.503                              -                              3.503            Third parties
             Aset keuangan lanc ar lainnya                       1.107.166                              -                          1.107.166         Other c urrent financ ial assets

             AS ET TIDAK LANCAR                                                                                                                      NO NCURRENT AS S ETS
             Penyertaan saham                                              -                       25.000                              25.000        Investment in share
             Aset tidak lanc ar lainnya                        58.972.105                             -                          58.972.105          Other non- c urrent assets
             Jumla h Ase t Kua nga n                      6 2 0 . 5 7 2 . 17 2                    25.000                    6 2 0 . 5 9 7 . 17 2     Tota l Fina nc ia l Asse ts



                                                      Aset keuangan                    Aset keuangan
                                                         pada biaya                   pada nilai w aj ar
                                                         perolehan                   melalui laba rugi/                      Jumlah
                                                        diamortisasi/               Financial assets at                  aset keuangan/
                                                     Financial assets                fair value through                       Total
                                                     at amortized cost                  profit or loss                  financial assets

             31 Desember 2022                                                                                                                        December 31, 2022

             ASET LANCAR                                                                                                                             CURRENT ASSETS
             Kas dan setara kas                                 522.918.100                                 -                    522.918.100         Cash and cash equivalents
             Piutang usaha                                                                                                                           Trade receivables
               Pihak berelasi                                     8.417.530                                 -                      8.417.530            Related parties
               Pihak ketiga                                     196.119.884                                 -                    196.119.884            Third parties
             Piutang lain-lain                                                                                                                       Other receivables
               Pihak berelasi                                      2.841.773                                -                       2.841.773           Related parties
               Pihak ketiga                                          348.513                                -                         348.513           Third parties
             Aset keuangan lancar lainnya                            376.802                                -                         376.802        Other current financial assets

             ASET TIDAK LANCAR                                                                                                                       NONCURRENT ASSETS
             Penyertaan saham                                            -                           25.000                           25.000         Investment in share
             Aset tidak lancar lainnya                          135.253.702                              -                       135.253.702         Other non-current assets

             Jumlah Aset Kuangan                                866.276.304                          25.000                      866.301.304         Total Financial Assets




                                                                                        - 75 -

                                                                                                                                                                                        723
   The accompanying notes form an integral part of these consolidated financial
                                                                                                                             2023 Annual Report ∙ PT Semen Baturaja Tbk
   statements as a whole
Page 726
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                           PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                       FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                            FOR THE YEARS ENDED
2023 DAN 2022                                                                                   DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                               (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                          unless otherwise stated) - Continued


                                                                  Liabilitas pada
                                                                 biaya perolehan
                                                                   diamortisasi/
                                                                   Liabilities at
                                                                    amortized
                                                                       cost

              31 Des em ber 2023                                                           Decem b er 31, 2023

              LIABILITAS JANGKA PENDEK                                                     Current Financial Liabilities
              Utang us aha                                                                 Trade accounts payab le
                Pihak berelas i                                      122.084.852            Related parties
                Pihak ketiga                                         295.274.230            Third parties
              Utang lain-lain                                                              Other accounts payab le
                Pihak berelas i                                        2.856.138            Related parties
                Pihak ketiga                                          47.193.592            Third parties
              Beban akrual                                            39.577.964           Accrued expenses
              Pinjam an jangka panjang                                                     Long term deb t m aturity
                yang jatuh tem po dalam s atu tahun:                                         in one year:
                Pinjam an bank                                       175.000.000              Bank loans

              LIABILITAS JANGKA PANJANG                                                    NONCURRENT LIABILITIES
              Pinjam an jangka panjang, s etelah                                           Long term deb t - after deducting
                dikurangi bagian yang jatuh tem po                                           the portion that m atures in
                dalam s atu tahun:                                                           one year:
                Pinjam an bank                                       597.370.005             Bank loans

              Jumlah Liabilitas Keuangan                           1.279.356.781           Total Financial Liabilities


                                                                  Liabilitas pada
                                                                 biaya perolehan
                                                                   diamortisasi/
                                                                   Liabilities at
                                                                    amortized
                                                                       cost

              31 Desember 2022                                                             Decemb er 31, 2022

              LIABILITAS JANGKA PENDEK                                                     Current Financial Liabilities
              Utang usaha                                                                  Trade accounts payab le
                Pihak berelasi                                       121.256.293            Related parties
                Pihak ketiga                                         189.970.312            Third parties
              Utang lain-lain                                                              Other accounts payab le
                Pihak berelasi                                        21.373.056            Related parties
                Pihak ketiga                                          45.972.723            Third parties
              Beban akrual                                            40.362.783           Accrued expenses
              Pinjaman jangka panjang                                                      Long term deb t maturity
                yang jatuh tempo dalam satu tahun:                                           in one year:
                Pinjaman bank                                         99.666.150              Bank loans

              LIABILITAS JANGKA PANJANG                                                    NONCURRENT LIABILITIES
              Pinjaman jangka panjang, setelah                                             Long term deb t - after deducting
                dikurangi bagian yang jatuh tempo                                            the portion that matures in
                dalam satu tahun:                                                            one year:
                Pinjaman bank                                      1.257.047.622             Bank loans

              Jumlah Liabilitas Keuangan                           1.775.648.939           Total Financial Liabilities



      b.     Tujuan dan            Kebijakan         Manajemen    Risiko              b.    Financial Risk Management Policies and
             Keuangan                                                                       Objectives
             Perusahaan terpengaruh risiko pasar, risiko kredit,                            The Group is influenced by market risk, credit
             dan risiko likuiditas. Manajemen menerapkan                                    risk and liquidity risk. Management applies risk
             manajemen risiko atas risiko-risiko tersebut                                   management for such risks by evaluating the
             dengan melakukan evaluasi atas risiko keuangan                                 financial risks and the appropriate financial risk
             dan kerangka pengelolaan risiko keuangan yang                                  governance framework for the Group. Such risk
             tepat untuk Grup. Pengelolaan risiko tersebut                                  management          provides   assurance        to
             memberikan keyakinan kepada manajemen bahwa                                    management those prudent financial activities
             aktivitas keuangan dikelola secara pruden sesuai                               are managed according to appropriate policies
             kebijakan dan prosedur yang tepat dan risiko                                   and procedures and financial risks are identified,
             keuangan diidentifikasi, diukur, dan dikelola sesuai                           measured, and managed in accordance with

                                                                        - 76 -

724
                                                                             Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                          keuangan konsolidasi secara keseluruhan
Page 727
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                            FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                 FOR THE YEARS ENDED
2023 DAN 2022                                                                                        DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                    (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                               unless otherwise stated) - Continued

           dengan kebijakan dan risk appetite.                                               policies and risk appetite.
           Grup menentukan nilai wajar dari pinjaman bank                                    The Group determines fair values of loans from
           serta utang bunga dan denda dengan                                                the bank as well as accrued interest and
           mendiskontokan     arus    kas    masa   datang                                   penalties are by discounting the future cash
           menggunakan suku bunga yang berlaku dari                                          flows using prevailing interest rate of observable
           transaksi pasar yang dapat diamati untuk                                          market transactions for an instrument with the
           instrument dengan persyaratan, risiko kredit dan                                  same requirements, credit risk and maturity.
           jatuh tempo yang sama.

     Manajemen menerapkan kebijakan pengelolaan risiko-                                  The Management applies policies of managing these
     risiko sebagaimana dirangkum di bawah ini.                                          risks which summarized below.

     Risiko pasar                                                                        Market risk

     Risiko pasar adalah risiko nilai wajar arus kas masa                                Market risk is the risk at fair value of future cash flows
     depan suatu instrumen keuangan akan berfluktuasi                                    of a financial instrument will fluctuate because of
     karena perubahan harga pasar. Harga pasar                                           changes in market prices. Market prices comprise
     mengandung tiga tipe risiko: risiko tingkat suku bunga,                             three types of risk: interest rate risk, foreign currency
     risiko nilai tukar mata uang asing, dan risiko harga.                               risk, and price risk. Financial instruments affected by
     Instrumen keuangan yang terpengaruh oleh risiko                                     market risk included cash and cash equivalent, trade
     pasar termasuk kas dan setara kas, piutang usaha,                                   receivables, other receivables, trade payable, other
     piutang lain-lain, utang usaha, utang lain-lain, utang                              payables, long term payable, and accrued expenses.
     jangka panjang, dan beban akrual.

     Risiko nilai tukar mata uang asing                                                  Foreign currency risk

     Risiko nilai tukar mata uang asing adalah risiko                                    Foreign currency risk is a risk at fair value of future
     perubahan nilai wajar arus kas di masa datang dari                                  cash flows of a financial instrument fluctuates as a
     suatu instrumen keuangan yang berfluktuasi sebagai                                  result of changes in foreign currency exchange rates
     akibat perubahan nilai tukar mata uang asing yang                                   used by the Company. Exposure of the Company
     digunakan oleh Perusahaan. Eksposur Perusahaan                                      against exchange rate fluctuations mainly derived
     terhadap fluktuasi nilai tukar terutama berasal dari                                from debt arise from the procurement of goods and
     utang pengadaan barang dan jasa dalam mata uang                                     services denominated in USD, as well as cash on
     USD, serta kas dalam mata uang asing.                                               other currency.

     Tabel berikut ini menunjukkan sensitivitas kemungkinan                              The following table demonstrate the sensitivity to a
     perubahan tingkat pertukaran mata uang asing                                        reasonably possible change in the foreign currency
     terhadap Dolar Amerika Serikat, dengan asumsi                                       against the US Dollar with all other variable held
     variabel lain konstan, dampak terhadap laba sebelum                                 constant, with the effect to the consolidated income
     beban pajak penghasilan konsolidasian sebagai                                       before corporate income tax expense as follows:
     berikut:

                                                                        2023              2022

     Dampak terhadap laba sebelum beban pajak penghasilan                                              Effect on income before income tax
     Perubahan tingkat pertukaran terhadap USD (1%)                          2.527            3.269    Change in exchange rate against Rupiah (1%)
     Perubahan tingkat pertukaran terhadap USD (-1%)                        (2.527)          (3.269)   Change in exchange rate against Rupiah (-1%)



     Risiko suku bunga atas arus kas                                                  Cash flows interest rate risk

     Risiko suku bunga atas arus kas merupakan suatu                                  Interest rate risk on Cash flow represent a risk that
     risiko dimana arus kas masa datang suatu instrumen                               the future cash flows of a financial instrument will
     keuangan akan berfluktuasi akibat perubahan suku                                 fluctuate due to changes in market interest rate.
     bunga pasar.

     Saat ini, Grup tidak mempunyai kebijakan untuk                                   Currently, the Group do not have a formal policy to
     melindungi nilai atas risiko suku bunga. Kebijakan                               protect for interest rate exposures. Measures taken
     yang diambil manajemen dalam mengantisipasi risiko                               by management in anticipation of interest rate risk is
     suku bunga yaitu dengan mengevaluasi secara                                      to evaluate periodically comparing fixed rates to
     periodik perbandingan suku bunga tetap terhadap                                  floating interest rates in line with relevant changes in
     suku bunga mengambang sejalan dengan perubahan                                   interest rates in the market. Management also
     suku bunga yang di pasar. Manajemen juga                                         conducted a survey on banks to obtain an estimate
     melakukan survei perbankan untuk mendapatkan                                     of the relevant interest rate.
     perkiraan mengenai suku bunga yang relevan.


                                                                           - 77 -

                                                                                                                                                     725
     The accompanying notes form an integral part of these consolidated financial
                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
     statements as a whole
Page 728
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                    PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                     FOR THE YEARS ENDED
2023 DAN 2022                                                                            DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                        (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                   unless otherwise stated) - Continued


     Tabel    berikut  ini   menunjukkan sensitivitas                      The following table demonstrate the sensitivity to a
     kemungkinan perubahan tingkat suku bunga                              reasonably possible change in the interest rate to the
     terhadap laba sebelum beban pajak penghasilan                         consolidated income before corporate income tax
     konsolidasian sebagai berikut:                                        expense as follows:

                                                            2023                 2022

     Dampak terhadap laba sebelum beban pajak penghasilan                                      Effect on income before income tax
     Perubahan bunga pinjaman bank (1%)                      8.014.250           13.732.409    Change in loan interest rate (1%)
     Perubahan bunga pinjaman bank (-1%)                    (8.014.250)         (13.732.409)   Change in loan interest rate (-1%)


     Risiko kredit                                                         Credit risk

     Risiko kredit adalah risiko kerugian yang dihadapi                    Credit risk is the loss risk that occurs in the Company
     Perusahaan sebagai akibat wanprestasi dari pihak                      as the result of defaulted from third parties. The third
     ketiga. Pihak ketiga yang dimaksud yaitu distributor                  parties are referred to the distributors and counter
     dan pihak lawan yang gagal memenuhi kewajiban                         parties that fail to fulfill their contractual obligations.
     kontraktual mereka.
     Kebijakan manajemen dalam mengantisipasi risiko                       Management policies in anticipation of this credit risk
     kredit yang timbul dari distributor adalah sebagai                    arose from the distributors are as follows:
     berikut:
     1. Grup hanya akan melakukan hubungan usaha                           1.     The Group will only conduct business
          dengan pihak ketiga yang diakui, kredibel dan                           relationships with third parties who are
          bankable.                                                               recognized, credible, and bankable.
     2. Mempunyai kebijakan untuk penjualan kredit dan                     2.     Have a policy for credit sales and all third parties
          semua pihak ketiga yang akan melakukan                                  who will make credit trade have to go through
          perdagangan secara kredit harus melalui                                 credit verification procedures.
          prosedur verifikasi kredit.
     3. Meminta kepada pihak ketiga yang akan                              3.     Request third parties who will do the credit trade
          melakukan       perdagangan   kredit  dengan                            with the Company to provide collateral in the
          Perusahaan untuk memberikan jaminan berupa                              form of fixed assets, time deposit or bank
          aset tetap, deposito berjangka, atau bank                               guarantee.
          garansi.
     4. Memberikan batasan atau plafon kepada pihak                        4.     Provide limits or plafond to a third party who will
          ketiga yang akan melakukan perdagangan kredit                           take credit trade with the Group at amount of
          dengan Grup sebesar jaminannya.                                         their guarantees.
     5. Melakukan pemantauan atas jumlah piutang dan                       5.     Monitor the amount of receivables on an ongoing
          memaksimalkan penjualan secara tunai secara                             basis and maximize cash sales to reduce the risk
          terus menerus untuk mengurangi risiko piutang                           of doubtful accounts.
          tidak tertagih.

     Grup meminimalkan risiko kredit aset keuangan                         The Group minimize credit risks financial assets such
     seperti kas setara kas dengan mempertahankan                          as cash and cash equivalent by maintaining minimum
     saldo kas minimum dan memilih bank yang                               cash balance and select qualified bank for the funds
     berkualitas untuk penempatan dana.                                    placement.

     Eksposur maksimum risiko kredit adalah sebesar nilai                  The maximum exposure to the credit risk is
     tercatat sebagaimana di ungkapkan pada Catatan 5,                     represented by the carrying amount as shown in
     6, 7,11, dan 14. Tidak ada risiko kredit yang terpusat                Notes 5, 6, 7, 11, dan 14. There is no significant
     secara signifikan.                                                    concentration of credit risk.

     Risiko likuiditas                                                     Liquidity risk

     Risiko likuiditas adalah suatu risiko yang dapat terjadi              Liquidity risk is a risk that occurs when short term
     di mana pendapatan jangka pendek tidak dapat                          revenue cannot cover short term expenditure.
     menutupi pengeluaran jangka pendek.

     Mengingat bahwa kebutuhan dana Grup ini cukup                         Consideration that funding requirements of the Group
     signifikan sebagai akibat dari meningkatnya aktivitas                 are currently significant as a result of increased
     pengembangan atau perluasan bisnis, maka dalam                        activity of development or expansion of business,
     mengelola risiko likuiditas, Grup terus menerus                       then in managing liquidity risk, the Group continue to
     memantau dan menjaga tingkat kas dan setara kas                       monitor and maintain levels of adequacy of cash and
     agar memadai untuk membiayai kebutuhan                                cash equivalents to finance the operational needs of
     operasional Grup.                                                     the Group.


                                                                - 78 -

  726
                                                                          Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
            PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                       keuangan konsolidasi secara keseluruhan
Page 729
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                  PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                              FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                   FOR THE YEARS ENDED
2023 DAN 2022                                                                                          DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                      (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                 unless otherwise stated) - Continued


      Selain itu, Grup juga secara rutin mengevaluasi                                    In addition, the Group also regularly evaluate cash
      proyeksi arus kas untuk mengatasi dampak dari                                      flow projections and actual cash to cope with the
      fluktuasi arus kas, termasuk jadwal jatuh tempo                                    impact of fluctuations in cash flow, including the
      liabilitas jangka panjang dan terus menelaah kondisi                               maturity schedule of long term liabilities and continue
      pasar keuangan untuk inisiatif penempatan dan                                      to examine the condition of financial markets to
      penggalangan dana yang meliputi pinjaman bank,                                     placement and fund raising initiatives, including bank
      penerbitan ekuitas pasar modal dan ekuitas utang.                                  loans, issuance of equity and debt securities.

      Tabel berikut ini menunjukan profil jangka waktu                                   The table below summarizes the maturity profile of
      pembayaran liabilitas Grup berdasarkan pembayaran                                  the Group financial liabilities based on contractual
      dalam kontrak.                                                                     payments.

                                                               31 Desember/December 31, 2023
                                                     Kurang dari          Di atas
                                                      1 tahun/           1 tahun/
                                                     Less than            Above              Jumlah/
                                                       1 year             1 Year              Total

      Utang usaha                                       417.359.082                         -          417.359.082         Trade payables
      Utang lain-lain                                    50.049.730                         -           50.049.730         Other payables
      Beban akrual                                       39.577.964                         -           39.577.964         Accrued expenses
      Liabilitas sewa                                    11.966.986               255.141.837          267.108.823         Lease liabilities
      Pinjaman bank jangka panjang                      230.435.246               784.393.500        1.014.828.746         Long term bank loan

      Jumlah                                            749.389.008           1.039.535.337          1.788.924.345         Total


                                                                31 Desember/December 31, 2022
                                                      Kurang dari          Di atas
                                                       1 tahun/           1 tahun/
                                                      Less than            Above              Jumlah/
                                                        1 year             1 Year              Total

      Utang usaha                                       311.226.605                           -         311.226.605         Trade payables
      Utang lain-lain                                    67.345.779                           -          67.345.779         Other payables
      Beban akrual                                       40.362.783                           -          40.362.783         Accrued expenses
      Liabilitas sewa                                    12.743.322                 265.197.142         277.940.464         Lease liabilities
      Pinjaman bank jangka panjang                      120.142.445               1.636.121.662       1.756.264.107         Long term bank loan

      Jumlah                                            551.820.934               1.901.318.804       2.453.139.738         Total


      Pengelolaan modal                                                                  Capital management
      Tujuan utama pengelolaan modal Perusahaan adalah                                   The primary objective of the Company capital
      untuk memastikan pemeliharaan rasio modal yang                                     management is to ensure that it maintains healthy
      sehat untuk mendukung usaha dan memaksimalkan                                      capital ratios in order to support its business and
      imbalan bagi pemegang saham.                                                       maximize shareholder value.

      Perusahaan disyaratkan untuk memelihara tingkat                                    The Company are required under their respective
      permodalan tertentu oleh perjanjian pinjaman.                                      loan agreements to maintain the level of existing
      Persyaratan permodalan eksternal tersebut telah                                    share capital. This externally imposed capital
      dipenuhi oleh entitas terkait pada tanggal                                         requirement has been complied with by the relevant
      31 Desember 2023 dan 2022. Selain itu, Perusahaan                                  entities as of December 31, 2023 and 2022. In
      juga dipersyaratkan oleh Undang-undang No. 40                                      addition, the Company are also required by the Law
      Tahun 2007 tentang Perusahaan Terbatas, efektif                                    No. 40 Year 2007 regarding Limited Liability Entities,
      sejak    tanggal   16    Agustus    2007,    untuk                                 effective August 16, 2007, to allocate and maintain a
      mengalokasikan sampai dengan 20% dari modal                                        non-distributable reserve fund until the said reserve
      saham diterbitkan dan dibayar penuh ke dalam dana                                  reaches 20% of the issued and fully paid share
      cadangan yang tidak boleh didistribusikan.                                         capital. This externally imposed capital requirements
      Persyaratan permodalan eksternal tersebut telah                                    are considered by the Company and decided at the
      dipertimbangkan oleh Perusahaan serta telah                                        Annual General Meeting of Shareholders (GMS).
      diputuskan pada Rapat Umum Pemegang Saham
      (RUPS).



                                                                            - 79 -

                                                                                                                                                     727
   The accompanying notes form an integral part of these consolidated financial
                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
   statements as a whole
Page 730
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                             PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                         FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                              FOR THE YEARS ENDED
2023 DAN 2022                                                                                     DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                 (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                            unless otherwise stated) - Continued


       Perusahaan mengelola struktur permodalan dan                                 The Company manage their capital structure and
       melakukan      penyesuaian,     bila    diperlukan,                          makes adjustments, if necessary, in line with the
       berdasarkan perubahan kondisi ekonomi. Untuk                                 changes in economic conditions. To maintain or
       memelihara dan menyesuaikan struktur permodalan,                             adjust the capital structure, the Company may adjust
       Perusahaan dapat menyesuaikan pembayaran                                     the dividend payment to shareholders, issue new
       dividen kepada pemegang saham, menerbitkan                                   shares or raise debt financing. No changes were
       saham baru atau mengusahakan pendanaan melalui                               made in the objectives, policies or processes during
       pinjaman. Tidak ada perubahan atas tujuan kebijakan                          the period ended December 31, 2023 and 2022.
       maupun proses selama periode yang berakhir pada
       tanggal 31 Desember 2023 dan 2022.

       Perusahaan        mengawasi       modal       dengan                         The Company monitors its capital using gearing
       menggunakan rasio pengungkit (gearing ratio),                                ratios, by dividing interest bearing loan to total equity
       dengan membagi total pinjaman berdampak bunga                                attributable to equity holders of the parent entity. The
       dengan total ekuitas yang dapat diatribusikan kepada                         Company’s policy is to maintain its gearing ratio
       pemilik entitas induk. Kebijakan Perusahaan adalah                           within the range of gearing ratios of the leading
       menjaga rasio pengungkit dalam kisaran dari                                  companies in Indonesia in order to secure access to
       perusahaan terkemuka di Indonesia untuk                                      finance at a reasonable cost. Including in interest
       mengamankan akses terhadap pendanaan pada                                    bearing loan are short term bank loans and long term
       biaya yang rasional. Termasuk dalam total pinjaman                           bank loans and lease liabilities.
       berdampak bunga adalah pinjaman bank jangka
       pendek, pinjaman bank jangka panjang dan liabilitas
       sewa pembiayaan.

       Rasio pengungkit pada tanggal 31 Desember 2023                               The gearing ratios as of December 31, 2023 and
       dan 2022 adalah sebagai berikut:                                             2022 are as follows:
                                                           2023                   2022

       Pinjaman bank                                    772.370.005        1.356.713.772          Bank loans
       Liabilitas sewa                                  119.385.893          120.450.255          Lease liabilities
       Total pinjaman yang
          berdampak bunga                               891.755.898        1.477.164.027          Total interest bearing loans
       Jumlah ekuitas                                  3.162.412.356       3.075.138.026          Total equity
       Rasio pengungkit (x)                                       0,28                   0,48     Gearing ratio (x)


 40.   INFORMASI SEGMEN                                                     40.    SEGMENT INFORMATION

       Segmen geografis                                                             Geographical segments

       Tabel berikut menunjukkan distribusi dari aset dan                           The following table shows the distribution of the
       pendapatan Grup berdasarkan segmen geografis:                                Group assets and revenue by geographical
                                                                                    segment:

                                                           2023                   2022

       Aset                                                                                       Assets
       Sumatera Selatan                                4.643.081.013        5.033.970.608         South Sumatera
       Lampung                                           136.373.202          130.259.475         Lampung
       Jambi                                              75.309.221           75.309.196         Jambi
       Jakarta                                             1.967.202            3.185.654         Jakarta
       Jumlah aset                                     4.856.730.638        5.242.724.933         Total assets




                                                                         - 80 -

728
                                                                            Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
        PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                         keuangan konsolidasi secara keseluruhan
Page 731
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                      PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                  FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                       FOR THE YEARS ENDED
2023 DAN 2022                                                                                              DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                          (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                     unless otherwise stated) - Continued

                                                                 2023                      2022

        Pendapatan                                                                                      Revenue
        Pasar basis                                                                                     Basis market
        Sumatera Selatan                                     321.207.929              986.548.212       South Sumatera
        Lampung                                            1.302.706.475              655.520.254       Lampung
                                                           1.623.914.404            1.642.068.466

        Pasar nonbasis                                                                                  Nonbasis market
        Jambi                                                 270.597.319             127.701.751       Jambi
        Bengkulu                                              103.118.845              63.048.948       Bengkulu
        Bangka Belitung                                         9.758.701              15.252.565       Bangka Belitung
                                                              383.474.865             206.003.264
        Jumlah penjualan semen                             2.007.389.269            1.848.071.730       Total sales of cement

        Penjualan white clay                                                                             Sales of white clay
        Sumatera selatan                                       32.913.628                 31.817.578     South Sumatera
        Jumlah penjualan white clay                            32.913.628                 31.817.578     Total sales of white clay

        Jasa angkutan dan lainnya                                                                       Transportation services and others
        Sumatera Selatan                                           376.493                 1.878.048    South Sumatera
        Total jasa angkutan                                                                             Total transportation services
           dan lainnya                                             376.493                 1.878.048       and others

        Jumlah pendapatan                                  2.040.679.390            1.881.767.356       Total revenue


 41.    PENYAJIAN KEMBALI DAN REKLASIFIKASI                                        41. RESTATEMENT AND RECLASSIFICATION OF
        LAPORAN KEUANGAN KONSOLIDASI                                                   CONSOLIDATED FINANCIAL STATEMENTS

        Dalam proses penyusunan laporan keuangan                                           In the process of preparing the Group's consolidated
        konsolidasian Grup pada tanggal dan untuk tahun                                    financial statements as of and for the year ended
        yang berakhir 31 Desember 2023, manajemen                                          December 31, 2023, management reconsidered the
        mempertimbangkan ulang interpretasi atas fakta,                                    interpretation of the relevant accounting facts,
        keadaan, dan perlakuan akuntansi yang relevan                                      circumstances and treatment which resulted into
        yang berdampak pada penyajian kembali dan                                          restatement and reclassification of the consolidated
        reklasifikasi laporan keuangan konsolidasian                                       financial statements as of and for the year ended
        pada dan untuk tahun yang berakhir pada tanggal                                    December 31, 2022. Consequently, the consolidated
        31 Desember 2022. Oleh karena itu, laporan                                         statement of financial position as of January 1, 2022
        posisi keuangan konsolidasian per 1 Januari 2022                                   was presented as a result of this restatement and
        disajikan sebagai hasil dari penyajian kembali dan                                 reclassification.
        klasifikasi ulang ini.

        1.    Provisi Jangka Panjang                                                      1.   Long Term Provision

              Grup belum melakukan pencatatan atas                                             The Group has not yet recorded the estimated
              estimasi biaya bongkar aset tetap atas Pabrik                                    costs of dismantling fixed assets for the
              Palembang dan Pabrik Panjang yang berdiri                                        Palembang Factory and Panjang Factory which
              di atas tanah milik PT Kereta Api Indonesia                                      stand on land owned by PT Kereta Api Indonesia
              dan PT Pelabuhan Indonesia II. Oleh karena                                       and PT Pelabuhan Indonesia II. Therefore,
              itu,   manajemen      memutuskan        untuk                                    management decided to restate the consolidated
              menyajikan kembali laporan keuangan                                              financial statements as of December 31, 2022
              konsolidasian pada tanggal 31 Desember                                           and the beginning of the comparison period,
              2022 dan awal periode sajian komparasi,                                          January 1, 2022. This adjustment resulted in an
              1 Januari      2022.    Penyesuaian        ini                                   increase in the fixed asset balance of
              menyebabkan kenaikan saldo aset tetap                                            Rp10,506,037,     long term provision of
              sebesar Rp10.506.037, saldo provisi jangka                                       Rp26,355,644, decrease in deferred tax
              panjang sebesar Rp26.355.644, penurunan                                          liabilities of Rp3,486,913 and decrease on
              saldo liabilitas pajak tangguhan sebesar                                         retained earnings of Rp12,362,693 on January
              Rp3.486.913 dan penurunan saldo laba                                             1, 2022.
              sebesar Rp12.362.693 pada tanggal 1
              Januari 2022.


                                                                                 - 81 -

                                                                                                                                                      729
  The accompanying notes form an integral part of these consolidated financial
                                                                                                         2023 Annual Report ∙ PT Semen Baturaja Tbk
  statements as a whole
Page 732
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                    PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                     FOR THE YEARS ENDED
2023 DAN 2022                                                                            DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                        (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                   unless otherwise stated) - Continued

               Penyesuaian ini juga menyebabkan kenaikan                      This adjustment also caused an increase in cost
               beban     pokok     pendapatan    sebesar                      of revenue of Rp499,138 and an increase in
               Rp499.138 dan kenaikan beban keuangan                          finance expenses of Rp1,565,864 for the year
               sebesar Rp1.565.864 untuk tahun yang                           ending December 31, 2022.
               berakhir 31 Desember 2022.

      2.       Provisi Reklamasi dan Pasca Tambang                       2.   Provision for Reclamation and Mine Closure

               Grup melakukan kajian ulang atas saldo                         The Group conducted a review of the balance of
               cadangan provisi reklamasi dan pasca                           reclamation and post-mining provision reserves
               tambang dan ditemukan terdapat kelebihan                       and it was found that there was an excess of
               pencatatan provisi yang disebabkan oleh                        provisions recorded due to the double future
               double future value atas tingkat inflasi dan                   value of the inflation rate and the assets related
               belum dilakukannya pencatatan aset terkait                     to these provision activities had not been
               dengan kegiatan provisi tersebut. Oleh                         recorded. Therefore, management decided to
               karena itu, manajemen memutuskan untuk                         restate the consolidated financial statements as
               menyajikan kembali laporan keuangan                            of December 31, 2022 and the beginning of the
               konsolidasian pada tanggal 31 Desember                         comparison period, January 1, 2022. This
               2022 dan awal periode sajian komparasi,                        adjustment resulted in an increase in the fixed
               1 Januari      2022.    Penyesuaian        ini                 asset balance of Rp5,726,027, a decrease in the
               menyebabkan kenaikan saldo aset tetap                          long term provision balance of Rp27,754,469,
               sebesar Rp5.726.027, penurunan saldo                           increase in deferred tax liabilities Rp7,365,709
               provisi     jangka     panjang       sebesar                   and an increase in retained earnings of
               Rp27.754.469, kenaikan saldo liabilitas pajak                  Rp26,114,788 on January 1, 2022.
               tangguhan sebesar Rp7.365.709 dan
               kenaikan saldo laba sebesar Rp26.114.788
               pada tanggal 1 Januari 2022.

               Penyesuaian     ini  juga   menyebabkan                        This adjustment also resulted in a decrease in
               penurunan beban pokok pendapatan                               cost of revenue of Rp3,148,348 and increase in
               sebesar Rp3.148.348 dan kenaikan beban                         finance expenses of Rp1,140,336 for the year
               keuangan sebesar Rp1.140.336 untuk tahun                       ending December 31, 2022.
               yang berakhir 31 Desember 2022.

      3.       Liabilitas Sewa                                           3.   Lease Liabilities

               Grup melakukan kajian ulang liabilitas sewa                    The Group conducted a review of the land lease
               tanah Pabrik Palembang dan Pabrik Panjang                      liabilities of the Palembang Factory and Panjang
               atas tanah milik PT Kereta Api Indonesia dan                   Factory for land owned by PT Kereta Api
               PT Pelabuhan Indonesia II. Terdapat                            Indonesia and PT Pelabuhan Indonesia II. There
               penyesuaian perhitungan liabilitas sewa                        is an adjustment to the calculation of lease
               yang    sebelumnya        basis   perhitungan                  liabilities, which previously used the basis of
               menggunakan realisasi pembayaran menjadi                       calculations using realized payments as a basis
               basis sesuai jadwal pembayaran yang telah                      according to the payment schedule stipulated in
               ditetapkan dalam kontrak sewa untuk                            the lease contract to determine the value of
               menentukan nilai liabilitas dan aset sewa hak                  leasehold liabilities and assets. Therefore,
               guna. Oleh karena itu, manajemen                               management decided to restate the consolidated
               memutuskan untuk menyajikan kembali                            financial statements as of December 31, 2022
               laporan keuangan konsolidasian pada                            and the beginning of the comparison period,
               tanggal 31 Desember 2022 dan awal periode                      January 1, 2022. This adjustment resulted in an
               sajian komparasi,        1 Januari 2022.                       increase in the fixed asset balance of
               Penyesuaian ini menyebabkan kenaikan                           Rp28,179,928, an increase in the lease liability
               saldo aset tetap sebesar Rp28.179.928,                         balance of Rp39,644,657, decrease in deferred
               kenaikan saldo liabilitas sewa Rp39.644.657,                   tax liabilities of Rp2,522,240 and an decrease in
               penurunan saldo liabilitas pajak tangguhan                     retained earnings of Rp8,942,489 on January 1,
               sebesar Rp2.522.240 dan penurunan saldo                        2022.
               laba sebesar Rp8.942.489 pada tanggal 1
               Januari 2022.

               Penyesuaian ini juga menyebabkan kenaikan                      This adjustment also caused an increase in cost
               beban     pokok     pendapatan    sebesar                      of revenue of Rp989,345 and an increase in
               Rp989.345 dan kenaikan beban keuangan                          finance expenses of Rp1,823,316 for the year
               sebesar Rp1.823.316 untuk tahun yang                           ending December 31, 2022.
               berakhir 31 Desember 2022.

                                                                - 82 -

730
                                                                   Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
           PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                keuangan konsolidasi secara keseluruhan
Page 733
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                    PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                     FOR THE YEARS ENDED
2023 DAN 2022                                                                                            DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                        (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                   unless otherwise stated) - Continued

       4.    Liabilitas Imbalan Kerja Jangka Pendek                                      4.   Short Term Employee Benefits Liabilities

             Grup belum melakukan pencatatan atas                                             The Group has not recorded the accrued costs
             biaya akrual tunjangan hari raya. Oleh                                           of holiday allowances. Therefore, management
             karena itu manajemen memutuskan untuk                                            decided to restate the consolidated financial
             menyajikan kembali laporan keuangan                                              statements on December 31, 2022 and the
             konsolidasian pada tanggal 31 Desember                                           beginning of the comparative period presented,
             2022 dan awal periode sajian komparasi, 1                                        January 1, 2022. This adjustment causes an
             Januari 2022. Penyesuaian ini menyebabkan                                        increase in the short term employee benefits
             kenaikan saldo liabilitas imbalan kerja jangka                                   liabilities balance of Rp8,115,179 and decrease
             pendek sebesar Rp8.115.179 dan penurunan                                         in retained earnings of Rp8,115,179.
             saldo laba sebesar Rp8.115.179.

       5.    Piutang Usaha            –    Cadangan         Kerugian                     5.   Trade Receivable - Allowance for Impairment
             Penurunan Nilai                                                                  Losses

             Entitas anak Perusahaan melakukan kajian                                         The Company’s subsidiary carry out a review of
             ulang atas cadangan kerugian penurunan                                           the allowance for impairment losses on trade
             nilai piutang usaha kepada pihak ketiga yang                                     receivables from uncollectible third parties who
             belum tertagih yang berisiko gagal bayar dan                                     are at risk of default and need to increase the
             perlu dilakukan penambahan cadangan                                              allowance for impairment losses. Therefore,
             kerugian penurunan nilai. Oleh karena itu                                        management decided to restate the consolidated
             manajemen memutuskan untuk menyajikan                                            financial statements as of December 31, 2022
             kembali laporan keuangan konsolidasian                                           and the beginning of the comparison period,
             pada tanggal 31 Desember 2022 dan awal                                           January 1, 2022. This adjustment resulted in a
             periode sajian komparasi, 1 Januari 2022.                                        decrease in trade receivable balances of
             Penyesuaian ini menyebabkan penurunan                                            Rp8,773,577, decrease in deferred tax liabilities
             saldo piutang usaha sebesar Rp8.773.577,                                         and Rp1,930,187 and a decrease in retained
             penurunan saldo liabilitas pjak tangguhan                                        earnings of Rp6,843,390 on January 1, 2022.
             sebesar Rp1.930.187 dan penurunan saldo                                          This adjustment also caused an increase in other
             laba sebesar Rp6.843.390 pada tanggal                                            expenses of Rp7,735,444 for the year ending
             1 Januari 2022. Penyesuaian ini juga                                             December 31, 2022.
             menyebabkan kenaikan beban lainnya
             sebesar Rp7.735.444 untuk tahun yang
             berakhir 31 Desember 2022.

       6.    Pajak Tangguhan                                                             6.   Deferred Tax

             Entitas anak Perusahaan melakukan kajian                                         The Company’s subsidiary carry out a review of
             ulang atas saldo aset dan liabilitas pajak                                       the balance of deferred tax assets and liabilities
             tangguhan dimana entitas anak belum                                              where the subsidiary has not recorded deferred
             mencatat pajak tangguhan atas pengaruh                                           tax due to the impact of recognizing allowance
             dari     pengakuan   cadangan     kerugian                                       for impairment losses on receivables. Therefore,
             penurunan nilai piutang. Oleh karena itu                                         management decided to restate the consolidated
             manajemen memutuskan untuk menyajikan                                            financial statements as of December 31, 2022
             kembali laporan keuangan konsolidasian                                           and the beginning of the comparison period,
             pada tanggal 31 Desember 2022 dan awal                                           January 1, 2022. This adjustment resulted in an
             periode sajian komparasi, 1 Januari 2022.                                        increase in deferred tax asset balances of
             Penyesuaian ini menyebabkan kenaikan                                             Rp14,256,152, decrease in deferred tax
             saldo aset pajak tangguhan sebesar                                               liabilities balance of Rp4,320,089 and an
             Rp14.256.152, penurunan saldo liabilitas                                         increase in retained earnings of Rp18,576,241
             pajak tangguhan sebesar Rp4.320.089 dan                                          on January 1, 2022. This adjustment also
             kenaikan saldo laba sebesar Rp18.576.241                                         resulted in a increase in income tax expense of
             pada tanggal 1 Januari 2022. Penyesuaian                                         Rp842,303 for the year ending December 31,
             ini juga menyebabkan kenaikan beban pajak                                        2022.
             penghasilan sebesar Rp842.303 untuk tahun
             yang berakhir 31 Desember 2022.

       7.    Lainnya                                                                     7.   Others

             Penyesuaian dan reklasifikasi lainnya                                            Other adjustments and reclasification are
             merupakan penyesuaian-penyesuaian dan                                            adjustments and reclasification that are
             reklasifikasi yang secara individual tidak                                       individually not significant in value to correct
             signifikan    nilainya untuk   mengoreksi                                        recording errors.
             kesalahan pencatatan.


                                                                                - 83 -

                                                                                                                                                    731
 The accompanying notes form an integral part of these consolidated financial
                                                                                                       2023 Annual Report ∙ PT Semen Baturaja Tbk
 statements as a whole
Page 734
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                    PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                     FOR THE YEARS ENDED
2023 DAN 2022                                                                                            DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                        (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                   unless otherwise stated) - Continued

      Ringkasan atas dampak penyajian kembali dan                                        A summary of the impact of the restatement and
      reklasifikasi atas laporan keuangankonsolidasian                                   reclassification of the Group's consolidated financial
      Grup disajikan pada tabel di bawah ini:                                            statements is presented in the table below:
                                                                   31 Desember/ December 31, 2022
                                                  Dilaporkan
                                                 sebelumnya/                                             Disajikan
                                                 As previously     Penyesuaian/       Reklasifikasi/     kembali/
                                                   reported         Adjustment       Reclassification   As restated

      ASET                                                                                                               ASSETS
      ASET LANCAR                                                                                                        CURRENT ASSETS
      Piutang usaha                                                                                                      Trade receivables
        Pihak berelasi                                8.417.530                 -                  -        8.417.530      Related parties
        Pihak ketiga                                212.628.905       (16.509.021)                 -      196.119.884      Third parties
      Pajak dibayar di muka                           4.959.948            42.045         (2.048.447)       2.953.546    Prepaid taxes
      Beban dibayar di muka                          22.817.135                 -            475.965       23.293.100    Prepaid expenses
      Uang muka                                       7.182.267                 -           (475.965)       6.706.302    Advances

      ASET TIDAK LANCAR                                                                                                  NONCURRENT ASSETS
      Aset pajak tangguhan                                    -        12.626.248                  -       12.626.248    Deferred tax assets
      Aset tetap                                  4.043.993.169        37.848.156                  -    4.081.841.325    Fixed assets
      Aset tidak lancar lainnya                     138.233.225        (2.531.021)         2.048.447      137.750.651    Other noncurrent assets

      LIABILITAS                                                                                                         LIABILITIES
      LIABILITAS JANGKA PENDEK                                                                                           CURRENT LIABILITIES
      Liabilitas imbalan kerja jangka pendek         33.084.475         8.115.179                   -      41.199.654    Short term employee benefits liabilities
      Pinjaman jangka panjang                                                                                            Long term debt maturity
        yang jatuh tempo dalam satu tahun:                                                                                 in one year
        Pinjaman bank                                99.666.150                 -                   -      99.666.150      Bank loans
        Liabilitas sewa                               8.406.639        (5.560.926)                  -       2.845.713      Lease liabilities

      LIABILITAS JANGKA PANJANG                                                                                          NONCURRENT LIABILITIES
      Pinjaman jangka panjang, setelah                                                                                   Long term debt - after deducting
        dikurangi bagian yang jatuh tempo                                                                                  the portion that matures in
        dalam satu tahun:                                                                                                  one year
        Pinjaman bank                             1.257.047.622                 -                   -   1.257.047.622      Bank loans
        Liabilitas sewa                              74.440.418        43.164.124                   -     117.604.542      Lease liabilities
      Liabilitas pajak tangguhan                     93.901.761          (346.960)                  -      93.554.801    Deferred tax liabilities
      Provisi jangka panjang                         51.041.268        (2.116.703)                  -      48.924.565    Long term provision

      EKUITAS                                                                                                            EQUITY
      Saldo laba                                                                                                         Retained earnings
       Telah ditentukan penggunaannya             1.072.924.768                 -                   -   1.072.924.768      Appropriated
        Belum ditentukan penggunaannya             (187.394.811)      (11.672.223)                  -    (199.067.034)     Unappropriated
      Kepentingan nonpengendali                         (13.546)          (11.297)                  -         (24.843)   Noncontrolling Interests




                                                                              - 84 -

732
                                                                                     Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
          PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                                  keuangan konsolidasi secara keseluruhan
Page 735
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                                    PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                                FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                                     FOR THE YEARS ENDED
2023 DAN 2022                                                                                            DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                                        (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                                   unless otherwise stated) - Continued

                                                                       1 Januari/ January 1, 2022
                                                  Dilaporkan
                                                 sebelumnya/                                             Disajikan
                                                 As previously     Penyesuaian/     Reklasifikasi/       kembali/
                                                   reported         Adjustment     Reclassification     As restated

      ASET                                                                                                                 ASSETS
      ASET LANCAR                                                                                                          CURRENT ASSETS
      Piutang usaha                                                                                                        Trade receivables
        Pihak berelasi                              16.445.777                -                  -          16.445.777       Related parties
        Pihak ketiga                               165.762.388       (8.773.577)                 -         156.988.811       Third parties
      Pajak dibayar dimuka                           7.043.550         (842.606)                 -           6.200.944     Prepaid taxes
      Beban dibayar dimuka                           2.412.308                -            673.191           3.085.499     Prepaid expenses
      Uang muka                                      9.267.193                -           (673.191)          8.594.002     Advances

      ASET TIDAK LANCAR                                                                                                    NONCURRENT ASSETS
      Aset pajak tangguhan                                   -       14.256.152                     -       14.256.152     Deferred tax assets
      Aset tetap                                 4.118.810.511       44.411.992                     -    4.163.222.503     Fixed assets

      LIABILITAS                                                                                                           LIABILITIES
      LIABILITAS JANGKA PENDEK                                                                                             CURRENT LIABILITIES
      Liabilitas imbalan kerja jangka pendek         1.543.252        8.115.179                     -        9.658.431     Short term employee benefits liabilities
      Pinjaman jangka panjang                                                                                              Long term debt maturity
        yang jatuh tempo dalam satu tahun:                                                                                   in one year
        Pinjaman bank                               58.854.644                -                     -       58.854.644       Bank loans
        Liabilitas sewa                             12.896.985        1.977.562                     -       14.874.547       Lease liabilities

      LIABILITAS JANGKA PANJANG                                                                                             NONCURRENT LIABILITIES
      Pinjaman jangka panjang, setelah                                                                                      Long term debt - after deducting
        dikurangi bagian yang jatuh tempo                                                                                    the portion that matures in
        dalam satu tahun:                                                                                                    one year
        Pinjaman bank                            1.592.119.081                -                     -    1.592.119.081       Bank loans
        Liabilitas sewa                             78.688.545       37.667.095                     -      116.355.640       Lease liabilities
      Liabilitas pajak tangguhan                    75.740.973       (3.040.810)                    -       72.700.163      Deferred tax liabilities
      Provisi jangka panjang                        48.070.694       (1.398.825)                    -       46.671.869     Long term provision

      EKUITAS                                                                                                              EQUITY
      Penghasilan (kerugian) komprehensif lain      (54.382.339)        (94.787)                    -      (54.477.126)    Other comprehensive income (loss)
      Saldo laba                                                                                                           Retained earnings
       Telah ditentukan penggunaannya            1.023.526.135                -                     -    1.023.526.135       Appropriated
       Belum ditentukan penggunaannya             (232.823.192)       5.831.460                     -     (226.991.732)      Unappropriated
      Kepentingan nonpengendali                        (14.531)          (4.912)                    -          (19.443)    Noncontrolling interests



                                                 31 Desember/                                           31 Desember/
                                                 December 31,      Penyesuaian/     Reklasifikasi/      December 31,
                                                     2022           Adjustment     Reclassification         2022

                                                                                                                           Consolidated statements of
      Laporan laba rugi dan penghasilan                                                                                      profit or loss and other
        komprehensif konsolidasian                                                                                           comprehensive income

      Beban pokok penjualan                      (1.038.618.958)     (1.806.202)       (72.422.997)      (1.112.848.157)   Cost of revenue
      Beban usaha                                                                                                          Operating expenses
        Beban penjualan                           (327.596.323)              (6)        78.850.862        (248.745.467)       Selling expenses
        Beban umum dan administrasi               (259.408.789)         884.845                  -        (258.523.944)       General and administrative expenses
        Pendapatan (beban) lainnya                   5.584.208       (7.735.444)        (6.427.865)         (8.579.101)       Other income (expenses)
      Pendapatan (beban) keuangan                                                                                          Financial income (expense)
        Pendapatan keuangan                         11.690.674                -            (34.830)         11.655.844        Finance income
        Beban keuangan                            (158.151.124)      (4.529.506)            34.830        (162.645.800)       Finance expenses
      Beban pajak penghasilan                      (20.439.155)      (4.323.755)                 -         (24.762.910)    Income tax expense

      Laporan arus kas konsolidasian                                                                                       Consolidated statements of cashflow

                                                                                                                           CASH FLOWS FROM
      ARUS KAS DARI AKTIVITAS OPERASI                                                                                        OPERATING ACTIVITIES
      Pembayaran bunga keuangan                       (551.478)               -       (162.378.288)       (162.929.766)    Payment of finance interest
      Pembayaran bunga pinjaman bank              (152.107.552)                        152.107.552                   -     Payment of interest bank loan
                                                                              -
      ARUS KAS DARI                                                                                                        CASH FLOWS FROM
       AKTIVITAS PENDANAAN                                                                                                   FINANCING ACTIVITIES
      Pembayaran bunga liabilitas sewa              (10.270.736)              -         10.270.736                     -   Payment of lease liabilities interest




                                                                              - 85 -

                                                                                                                                                               733
  The accompanying notes form an integral part of these consolidated financial
                                                                                                            2023 Annual Report ∙ PT Semen Baturaja Tbk
  statements as a whole
Page 736
PT SEMEN BATURAJA Tbk DAN ENTITAS ANAK                                        PT SEMEN BATURAJA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN DAN ENTITAS ANAK                                                                    FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER                                                         FOR THE YEARS ENDED
2023 DAN 2022                                                                                DECEMBER 31, 2023 AND 2022
(Dinyatakan dalam ribuan Rupiah,                                                            (Expressed in thousand of Rupiah,
kecuali dinyatakan lain) - Lanjutan                                                       unless otherwise stated) - Continued

 42.   INFORMASI KEUANGAN                       TAMBAHAN   ATAS         42. SUPPLEMENTARY FINANCIAL INFORMATION
       LAPORAN KEUANGAN

       Informasi keuangan Perusahaan (entitas induk)                           The accompanying financial information of the
       terlampir, yang terdiri dari laporan posisi keuangan                    Company (parent), which comprises the statements
       tanggal 31 Desember 2023 dan 2022 dan 1 Januari                         of financial position as of December 31, 2023 and
       2022, serta laporan laba rugi dan penghasilan                           2022 and January 1, 2022, and the statements of
       komprehensif lainnya, laporan perubahan ekuitas,                        profit or loss and other comprehensive income,
       dan laporan arus kas untuk periode-periode yang                         changes equity, and cash flows for the years then
       berakhir pada tanggal tersebut, (secara kolektif                        ended, (collectively referred to as the “Parent
       disebut sebagai “Informasi Keuangan Entitas Induk”)                     Financial Information”), which is presented as a
       yang disajikan sebagai informasi tambahan                               supplementary information to the consolidated
       terhadap laporan keuangan konsolidasian, disajikan                      financial statements, is presented for the purposes
       untuk tujuan analisis tambahan dan bukan                                of additional analysis and is not a required part of
       merupakan bagian dari laporan keuangan                                  the consolidated financial statements under
       konsolidasian yang diharuskan menurut Standar                           Indonesian Financial Accounting Standards. The
       Akuntasi Keuangan di Indonesia. Informasi                               Parent Financial Information is the responsibility of
       Keuangan Entitas Induk merupakan tanggung jawab                         management and was derived from and relates
       manajemen serta dihasilkan dari dan berkaitan                           directly to the underlying accounting notes and
       secara langsung dengan catatan akuntansi dan                            other records used to prepare the consolidated
       catatan lainnya yang mendasarinya yang digunakan                        financial statements, except for the investments in
       untuk menyusun laporan keuangan konsolidasian,                          subsidiary which are accounted for using the cost
       kecuali untuk investasi pada entitas anak yang                          method.
       dicatat menggunakan metode biaya.


 43.   TANGGUNG    JAWAB  MANAJEMEN  DAN                                43.    MANAGEMENT’S  RESPONSIBILITY  AND
       PERSETUJUAN ATAS LAPORAN KEUANGAN                                       APPROVAL OF CONSOLIDATED FINANCIAL
       KONSOLIDASIAN                                                           STATEMENTS

       Penyusunan dan penyajian wajar laporan keuangan                         The preparation and fair presentation of
       konsolidasian     merupakan      tanggung   jawab                       the consolidated     financial statements were
       manajemen dan telah disetujui oleh Direktur untuk                       the responsibility of the management and were
       diterbitkan pada tanggal 7 Maret 2024.                                  approved by the Directors and authorized for
                                                                               issuance on March 7, 2024.



                                                            *********




                                                                  - 86 -

734
                                                                    Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
       PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                 keuangan konsolidasi secara keseluruhan
Page 737
PT SEMEN BATURAJA Tbk                                                                                                   PT SEMEN BATURAJA Tbk
INFORMASI TAMBAHAN                                                                                              SUPPLEMENTARY INFORMATION
INDUK PERUSAHAAN SAJA                                                                                                       PARENT ENTITY ONLY
LAPORAN POSISI KEUANGAN                                                                                    STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2023 DAN 2022 DAN 1 JANUARI 2022                                                DECEMBER 31, 2023 AND 2022 AND JANUARY 1, 2022
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)                                  (Expressed in thousand of Rupiah, unless otherwise stated)

                                                   31 Desember/           31 Desember/       1 Januari/
                                                   December 31,           December 31,      January 1,
                                                       2023                  2022 *)          2022 *)

ASET                                                                                                           ASSETS

ASET LANCAR                                                                                                    CURRENT ASSETS
Kas dan setara kas                                     97.143.131           513.805.008     481.679.990        Cash and cash equivalents
Piutang usaha                                                                                                  Trade receivables
  Pihak berelasi                                     477.359.809            180.510.407     181.253.027           Related parties
  Pihak ketiga                                       120.033.928            181.829.437     140.434.538           Third parties
Piutang lain - lain                                                                                            Other receivables
  Pihak berelasi                                       3.133.125              2.854.423         244.203           Related parties
  Pihak ketiga                                             3.503                336.127         618.433           Third parties
Persediaan                                           244.807.477            224.362.222     231.618.998        Inventories
Pajak dibayar dimuka                                   2.430.101                788.427         766.707        Prepaid taxes
Biaya dibayar dimuka                                   1.866.055             22.285.512       1.947.375        Prepaid expenses
Uang muka                                              1.857.546              6.546.724       7.410.722        Advances
Aset lancar lainnya                                    2.424.127                376.802         551.500        Other current assets

Jumlah aset lancar                                   951.058.802          1.133.695.089   1.046.525.493        Total current assets

ASET TIDAK LANCAR                                                                                              NONCURRENT ASSETS
Penyertaan saham                                      40.000.000             40.000.000      40.000.000        Investment in share
Aset tetap                                         3.884.047.598          3.998.763.247   4.068.730.119        Propert, plant and equipment
Aset takberwujud                                      11.916.438             19.888.818      27.564.566        Intangible assets
Aset tidak lancar lainnya                             59.420.608            135.702.205     201.907.889        Other noncurrent assets

Jumlah aset tidak lancar                           3.995.384.644          4.194.354.270   4.338.202.574         Total noncurrent assets

JUMLAH ASET                                        4.946.443.446          5.328.049.359   5.384.728.067        TOTAL ASSETS


*) Disajikan kembali (Catatan 41)                                                                              *) As restated (Note 41)




                                                                                - 86 -



                                                                                                                                                       735
       The accompanying notes form an integral part of these consolidated financial
                                                                                                          2023 Annual Report ∙ PT Semen Baturaja Tbk
       statements as a whole
Page 738
PT SEMEN BATURAJA                                                                                                         PT SEMEN BATURAJA
INFORMASI TAMBAHAN                                                                                            SUPPLEMENTARY INFORMATION
INDUK PERUSAHAAN SAJA                                                                                                     PARENT ENTITY ONLY
LAPORAN POSISI KEUANGAN                                                                                  STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2023 DAN 2022 DAN 1 JANUARI 2022                                              DECEMBER 31, 2023 AND 2022 AND JANUARY 1, 2022
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)                                (Expressed in thousand of Rupiah, unless otherwise stated)
Lanjutan                                                                                                                               Continued

                                                   31 Desember/     31 Desember/            1 Januari/
                                                   December 31,     December 31,           January 1,
                                                       2023            2022 *)               2022 *)

LIABILITAS DAN EKUITAS                                                                                        LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK                                                                                     CURRENT LIABILITIES
Utang usaha                                                                                                  Trade payables
  Pihak berelasi                                     143.319.531     143.927.452           116.136.208          Related parties
  Pihak ketiga                                       291.734.046     188.200.941           151.105.954          Third parties
Utang lain-lain                                                                                              Other payables
  Pihak berelasi                                        2.856.138     21.373.056               331.170          Related parties
  Pihak ketiga                                         47.149.854     45.920.817            39.932.580          Third parties
Utang pajak                                            25.994.103     20.666.637            18.124.041       Taxes payable
Beban akrual                                           36.016.925     37.351.085            41.587.132       Accrued expenses
Pinjaman jangka panjang yang                                                                                 Long term debt maturity
  Jatuh tempo dalam satu tahun:                                                                                 in one year
Pinjaman bank                                        175.000.000      93.500.000            53.000.000       Bank loans
Liabilitas sewa                                        9.244.710       2.768.420             7.397.471       Lease liabilities
Liabilitas imbalan kerja jangka pendek                13.227.452      40.762.839             9.315.178       Short term employee benefits liabilities

Jumlah liabilitas jangka pendek                      744.542.759     594.471.247           436.929.734        Total current liabilities

LIABILITAS JANGKA PANJANG                                                                                     NONCURRENT LIABILITIES
Pinjaman jangka panjang, setelah
  Dikurangi bagian yang jatuh tempo                                                                           Long term debt - After deducting
  dalam satu tahun:                                                                                           the portion that matures in one year
  Pinjaman bank                                      597.370.005    1.256.772.886        1.585.640.806           Bank loans
  Liabilitas sewa                                    110.066.183      117.604.542          115.933.330           Lease liabilities
Liabilitas pajak tangguhan                           128.019.117       93.554.801           72.700.163       Deferred tax liabilities
Liabilitas imbalan kerja jangka panjang               75.493.188       61.807.992           49.824.670       Long term employee benefit liabilities
Provisi jangka panjang                                51.437.752       48.924.565           46.671.869       Long term provision

Jumlah liabilitas jangka panjang                     962.386.245    1.578.664.786        1.870.770.838        Total noncurrent liabilities

JUMLAH LIABILITAS                                  1.706.929.004    2.173.136.033        2.307.700.572        TOTAL LIABILITIES

Ekuitas yang dapat diatribusikan                                                                              Equity attributable
  kepada pemilik                                                                                                to equity holders
  entitas induk                                                                                                 of the parent entity
Modal saham                                                                                                   Share capital
  Modal dasar 30.000.000.000                                                                                    Authorized 30,000,000,000
  Lembar saham biasa, modal                                                                                     common shares, issued
  ditempatkan dan disetor penuh                                                                                 fully paid-up
  sebesar 9.932.534.336                                                                                         capital 9,932,534,336
  lembar saham dengan nilai nominal                                                                             shares with per par value Rp100
  Rp100 per lembar saham                             993.253.434      993.253.434          993.253.434          per share
Tambahan modal disetor                             1.270.606.785    1.270.606.785        1.270.606.785        Additional paid-in capital
Saldo laba                                         1.052.338.201      952.234.468          866.095.103        Retained earnings
Kerugian komprehensif lain                           (76.683.978)     (61.181.361)         (52.927.827)       Other comprehensive loss

JUMLAH EKUITAS                                     3.239.514.442    3.154.913.326        3.077.027.495       TOTAL EQUITY

JUMLAH LIABILITAS DAN EKUITAS                      4.946.443.446    5.328.049.359        5.384.728.067        TOTAL LIABILITIES AND EQUITY



*) Disajikan kembali (Catatan 41)                                                                            *) As restated (Note 41)




                                                                        - 87 -



 736
                                                                                 Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
             PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
                                                                                                              keuangan konsolidasi secara keseluruhan
Page 739
PT SEMEN BATURAJA Tbk                                                                                                  PT SEMEN BATURAJA Tbk
INFORMASI TAMBAHAN                                                                                             SUPPLEMENTARY INFORMATION
INDUK PERUSAHAAN SAJA                                                                                                      PARENT ENTITY ONLY
LAPORAN LABA RUGI DAN PENGHASILAN                                                              STATEMENTS OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN                                                                                                     COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                                         FOR THE YEARS ENDED
31 DESEMBER 2023 DAN 2022                                                                                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)                                 (Expressed in thousand of Rupiah, unless otherwise stated)


                                                                 2023                  2022 *)

PENDAPATAN                                                  2.006.153.442           1.858.246.513     REVENUE

BEBAN POKOK PENDAPATAN                                     (1.365.701.006)          (1.099.208.115)   COST OF REVENUE

LABA KOTOR                                                    640.452.436             759.038.398     GROSS PROFIT

Beban penjualan                                              (203.103.200)           (247.484.440)    Selling expenses
Beban umum dan administrasi                                  (225.324.433)           (251.116.757)    General and administrative expenses
Pendapatan (beban) lainnya                                     39.258.406                (757.776)    Other income (expenses)
Pendapatan keuangan                                             5.036.590              11.602.127     Finance income
Beban keuangan                                                (98.414.036)           (161.959.628)    Finance expenses

LABA SEBELUM PAJAK PENGHASILAN                                157.905.763             109.321.924     PROFIT BEFORE INCOME TAX

BEBAN PAJAK PENGHASILAN                                        (38.836.849)           (23.182.559)    INCOME TAX EXPENSE

LABA TAHUN BERJALAN                                           119.068.914              86.139.365     PROFIT FOR THE YEAR

PENGHASILAN KOMPREHENSIF LAIN                                                                         OTHER COMPREHENSIVE INCOME
Pos-pos yang tidak akan direklasifikasikan                                                            Items that will not be reclassified
  ke laba rugi                                                                                           to profit or loss
  Pengukuran kembali program imbalan pasti                     (19.875.150)           (10.581.454)       Remeasurement of defined benefit program
  Pajak penghasilan terkait                                      4.372.533              2.327.920        Related income tax

Jumlah penghasilan komprehensif lain                                                                  Total other comprehensive loss
  tahun berjalan setelah pajak                                 (15.502.617)             (8.253.534)     for the year, after tax
JUMLAH PENGHASILAN KOMPREHENSIF                                                                       TOTAL COMPREHENSIVE INCOME
  TAHUN BERJALAN                                              103.566.297              77.885.831      FOR THE YEAR




*) Disajikan kembali (Catatan 41)                                                                     *) As restated (Note 41)




                                                                           - 88 -



                                                                                                                                                     737
    The accompanying notes form an integral part of these consolidated financial
                                                                                                        2023 Annual Report ∙ PT Semen Baturaja Tbk
    statements as a whole
Page 740
PT SEMEN BATURAJA Tbk                                                                                                                                                        PT SEMEN BATURAJA Tbk
INFORMASI TAMBAHAN                                                                                                                                                   SUPPLEMENTARY INFORMATION
INDUK PERUSAHAAN SAJA                                                                                                                                                            PARENT ENTITY ONLY




                                                                                                                                                                                                            Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan
                                                                                                                                                                                                                                         keuangan konsolidasi secara keseluruhan
LAPORAN PERUBAHAN EKUITAS                                                                                                                                       STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2023 DAN 2022                                                                                     FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)                                                                                       (Expressed in thousand of Rupiah, unless otherwise stated)
                                                                                  Penghasilan
                                                                             komprehensif lain -
                                                                             tidak direklasifikasi
                                                                             ke laba rugi/ Other                     Saldo laba/
                                                        Tambahan               comprehensive                      Retained earnings
                                                       modal disetor/              income -                                      Belum
                                       Modal saham/      Additional            not reclassified           Dicadangkan/        dicadangkan/     Jumlah ekuitas/
                                       Share capital   paid-in capital          to profit or loss         Appropriated       Unappropriated      Total equity
Saldo per 1 Januari 2022               993.253.434      1.270.606.785               (52.927.827)          1.017.670.369       (148.346.968)      3.080.255.793    Balance as of January 1, 2022
Dampak atas penyajian kembali                     -                      -                       -                              (3.228.298)         (3.228.298)   Impact on restatement
Saldo per 1 Januari 2022                                                                                                                                          Balance as of January 1, 2022
 setelah penyesuaian *)                993.253.434      1.270.606.785               (52.927.827)          1.017.670.369       (151.575.266)      3.077.027.495     after adjustment *)
Pecadangan saldo laba                             -                      -                       -             49.398.633      (49.398.633)                   -   Appropriation of retained earnings
Laba tahun berjalan *)                            -                      -                       -                       -     86.139.365           86.139.365    Profit for the year *)
Penghasilan komprehensif                                                                                                                                          Other comprehensive
 lain tahun berjalan                              -                      -            (8.253.534)                        -               -          (8.253.534)    income for the year
Saldo per 31 Desember 2022 *)          993.253.434      1.270.606.785               (61.181.361)          1.067.069.002       (114.834.534)      3.154.913.326    Balance as of December 31, 2022 *)
Penurunan pencadangan saldo laba                                                                                                                                  Decrease in appropriated
 yang telah ditentukan penggunaannya              -                      -                       -            (123.285.465)   123.285.465                     -    retained earnings




                                                                                                                                                                                                                                PT Semen Baturaja Tbk ∙ Laporan Tahunan 2023
Laba tahun berjalan                               -                      -                       -                       -    119.068.914         119.068.914     Profit for the year
Dividen                                           -                      -                       -                       -     (18.965.181)        (18.965.181)   Dividends
Penghasilan komprehensif                                                                                                                                          Other comprehensive
 lain tahun berjalan                              -                      -          (15.502.617)                         -               -         (15.502.617)    income for the year
Saldo per 31 Desember 2023             993.253.434      1.270.606.785               (76.683.978)              943.783.537     108.554.664        3.239.514.442    Balance as of December 31, 2023
*) Disajikan kembali (Catatan 41)                                                                                                                                 *) As restated (Note 41)




                                                                                                                                                                                                            738
                                                                                                     - 89 -
Page 741
PT SEMEN BATURAJA Tbk                                                                                                      PT SEMEN BATURAJA Tbk
INFORMASI TAMBAHAN                                                                                                 SUPPLEMENTARY INFORMATION
INDUK PERUSAHAAN SAJA                                                                                                          PARENT ENTITY ONLY
LAPORAN ARUS KAS                                                                                                     STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                                             FOR THE YEARS ENDED
31 DESEMBER 2023 DAN 2022                                                                                             DECEMBER 31, 2023 AND 2022
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)                                     (Expressed in thousand of Rupiah, unless otherwise stated)


                                                            2023                      2022


ARUS KAS DARI AKTIVITAS OPERASI                                                                     CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan kas dari pelanggan                          1.802.569.650            2.047.807.773       Receipt from customers
Pembayaran kas kepada pemasok                         (1.216.893.573)          (1.351.594.374)      Payments to suppliers
Pembayaran kas kepada karyawan                          (185.955.785)            (163.880.790)      Payments to employees
Pembayaran bunga keuangan                               (106.732.345)            (158.324.390)      Payment of finance interest
Penerimaan bunga                                           5.036.590               11.734.661       Interest income receipt
Penerimaan restitusi pajak                                 2.295.323                        -       Receipt from tax refunds
Pembayaran pajak penghasilan badan                        (2.430.101)                       -       Payment corporate of income tax
Arus kas bersih diperoleh dari                                                                      Net cash flows provided by
  aktivitas operasi                                      297.889.759                385.742.880      operating activities

ARUS KAS DARI AKTIVITAS INVESTASI                                                                   CASH FLOWS FROM INVESTING ACTIVITIES
Pembelian aset tetap                                      (37.499.755)               (19.966.948)   Acquisition of fixed assets
Pembelian aset takberwujud                                 (5.566.827)                (4.432.977)   Purchase of intangible assets
Aset dalam pembangunan                                    (59.873.094)               (28.312.064)   Construction in progress
Penjualan aset tetap                                                -                    146.632    Sales of fixed assets
Arus kas bersih yang digunakan untuk                                                                Net cash flows used in
  aktivitas investasi                                    (102.939.676)               (52.565.357)    investing activities

ARUS KAS DARI AKTIVITAS PENDANAAN                                                                   CASH FLOWS FROM FINANCING ACTIVITIES
Penerimaan pinjaman bank                                 901.425.000                           -    Receipt of bank loan
Pembayaran pinjaman bank                              (1.490.545.571)               (291.000.000)   Payment of bank loan
Pembayaran dividen                                       (18.965.181)                          -    Payment of dividends
Pembayaran liabilitas sewa                                (3.449.379)                (10.087.335)   Payment of lease liabilities

Arus kas bersih digunakan untuk                                                                     Net cash flows used in
  aktivitas pendanaan                                    (611.535.131)              (301.087.335)    financing activities

(PENURUNAN) KENAIKAN BERSIH                                                                         NET (DECREASE) INCREASE
  KAS DAN SETARA KAS                                     (416.585.048)               32.090.188      IN CASH AND CASH EQUIVALENTS

PENGARUH PERUBAHAN SELISIH KURS                                                                     EFFECTS OF FOREIGN EXCHANGE RATE
 TERHADAP KAS DAN SETARA KAS                                   (76.829)                  34.830      CHANGES ON CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS PADA                                                                             CASH AND CASH EQUIVALENTS
 AWAL TAHUN                                              513.805.008                481.679.990      AT THE BEGINNING OF THE YEAR

KAS DAN SETARA KAS PADA                                                                             CASH AND CASH EQUIVALENTS
 AKHIR TAHUN                                               97.143.131               513.805.008      AT THE END OF THE YEAR




                                                                            - 90 -

                                                                                                                                                        739
     The accompanying notes form an integral part of these consolidated financial
                                                                                                           2023 Annual Report ∙ PT Semen Baturaja Tbk
     statements as a whole
Page 742
PT Semen Baturaja Tbk                 Pabrik Baturaja
Kantor Pusat                          Jl. Raya Tiga Gajah Baturaja
Jl. Abikusno Cokrosuyoso, Kertapati   Ogan Komering Ulu, Sumatera Selatan 32117
Palembang 30258, Sumatera Selatan     Telp. +62 735 - 320344, 320366, 320368
Telp. +62 711 - 511261

Pabrik Panjang                        Kantor Perwakilan Jakarta
Jl. Yos Sudarso KM 7 Panjang          Gedung Graha Irama Lt. 9 Blok B & C
Bandar Lampung 35243                  Jl. H. R. Rasuda Said Kav. 10, Jakarta 12950
Telp. +62 721 - 31718, 31818, 31538   Telp. +62 21 - 5261113, 5261114



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Names mentioned 113 people and organisations named in the text · linked when the evidence is strong

linked org Semen Baturaja Tbk · Direktur p.2 ×761
linked person ALEX ISKANDAR MUNAF p.44 ×9
linked org Bukit Asam p.49 ×6
linked person HADI DARYANTO · Komisaris p.58 ×8
linked person CHOWADJA SANOVA · Komisaris p.58 ×10
linked person INOSENTIUS SAMSUL · Komisaris p.58 ×7
linked person Franciscus M.A Sibarani p.64 ×3
linked person SUHERMAN YAHYA · Direktur p.66 ×10
linked person MUHAMMAD SYAFITRI · Direktur p.84 ×4
linked person RAHMAT HIDAYAT p.84 ×6
linked person Daconi Khotob · Direktur p.87 ×5
linked person ABU BAKAR p.118
linked person RAMZA AZIZ p.118
linked org Garudafood Putra Putri Jaya Tbk p.122 ×5
linked org Astra Agro Lestari Tbk p.122 ×5
linked org Dana Pensiun p.127 ×7
linked org Dana Pensiun Karyawan p.127
linked org United Tractors p.131 ×2
possible org Otoritas Jasa Keuangan p.2
possible org Semen Indonesia. p.4 ×60
possible org Bursa Efek Indonesia p.30
possible org PT Taspen (Persero) p.122 ×2
unresolved org Financial Services Authority p.2
unresolved org Minister of State-Owned Enterprises p.2
unresolved org Menteri Badan Usaha Milik Negara Nomor PER- p.2
unresolved org Milik Negara. p.2
unresolved org Secara Internasional · Komisaris p.10
unresolved person Sekretariat · Komisaris p.10
unresolved org PT Semen p.16 ×3
unresolved org Indonesia (Persero) Tbk p.16 ×2
unresolved org Kementerian BUMN. Integrasi p.16
unresolved org Ministry of SOE. This p.17
unresolved org Ministry of Industry p.18 ×2
unresolved org Menteri Perindustrian RI p.18
unresolved org Minister of Industry p.18
unresolved org Kementerian Perindustrian Republik Indonesia. p.18
unresolved org Ministry of Manpower p.21
unresolved org Kementerian Ketenagakerjaan Republik Indonesia. p.21
unresolved org Indonesia Stock Exchange p.30
unresolved org Kementerian BUMN p.35 ×3
unresolved org Ministry of SOEs p.35 ×4
unresolved org Pusat Statistik p.39
unresolved org Bank Indonesia p.54 ×2
unresolved org Kota Nusantara p.55
unresolved person CAPAIAN KINERJA · KOMISARIS p.57
unresolved person Kronologi Perubahan Komposisi · Komisaris p.64
unresolved org Menteri Negara p.78
unresolved org Minister of State p.78
unresolved org Milik Negara No. PER- p.78
unresolved org Menteri p.81
unresolved org Milik Negara. Selain p.82
unresolved person Tubagus M. Dharury · Direktur p.88
unresolved org Finance SDM · Director p.88
unresolved person Akta Notaris Aryanti Artisari S.H. p.88 ×3
unresolved person Deed Aryanti Artisari S.H. p.88
unresolved org Menteri BUMN No. SE- p.111
unresolved org Milik Negara. Nilai-nilai p.111
unresolved — Operation Function · Director p.117 ×2
unresolved org Executive Director ALATIEF Corporation p.121
unresolved org PT BISMATEK p.121
unresolved org Baturaja Tbk p.121 ×3
unresolved org Menteri Experience p.122
unresolved org Koordinasi Penanaman Modal p.122
unresolved org PT Bumi Mekar Tani p.122 ×2
unresolved org PT Bedugul p.122 ×2
unresolved org PT Astra Agro Niaga p.122 ×2
unresolved org Menteri Koordinator Bidang Perekonomian Republik Indonesia p.122
unresolved org Menteri Lingkungan Hidup dan Kehutanan p.123
unresolved org Minister of Experience p.123
unresolved org Kementerian Lingkungan Hidup dan Kehutanan p.123 ×2
unresolved org Ministry of Environment and Forestry p.123 ×2
unresolved org Menteri Perdagangan Bidang Promosi Perdagangan Dalam Negeri p.123
unresolved org Minister of Trade p.123
unresolved org RemunerasiPT Semen Baturaja Tbk p.123
unresolved org Keahlian Setjen DPR RI p.124
unresolved org Keahlian DPR RI p.124
unresolved org PT Sanjaya Cipta Sejahtera p.125
unresolved org PT Sanjaya Energi Asri p.125
unresolved org PT Indo Gas Methan p.125
unresolved org SMEC MEO Australia Internasional Ltd p.125
unresolved org Mobil Cepu Ltd p.125
unresolved — Operations Function · Director p.127 ×2
unresolved person Akta Notaris Aulia Taufani p.127 ×2
unresolved — Reappointed · President Director p.127
unresolved org PT Baturaja Daya Insani p.127 ×2
unresolved org Dana Pensiun Karyawan Semen Baturaja p.127
unresolved org PT Baturaja Multi p.128 ×2
unresolved org PT Kabau Sirah SP p.128
unresolved org PT Kabau Sirah SP Football Club p.128
unresolved org PT Semen Padang p.128 ×17
unresolved org PT Semen Indonesia Beton p.130
unresolved org PT Semen Experience p.130
unresolved org PT Varia Usaha Beton p.130 ×3
unresolved org PT Topabiring Trans Logistik p.130 ×2
unresolved org PT Semen Tonasa p.130 ×2
unresolved org PT Semen Padang Experience p.131
unresolved org PT Sepatim Batamtama p.131 ×2
unresolved org PT United Tractors Semen Gresik p.131 ×2
unresolved org PT Semen Gresik p.131 ×4
unresolved org PT Swadaya Graha p.131 ×2
unresolved org PT Industri Kemasan Semen Gresik p.131
unresolved org PT Semen Gresik Packaging Industry p.131
unresolved org Departemen Keuangan RI p.131
unresolved org Ministry of Finance p.131
unresolved org PT Semen Baturaja Company Shareholding p.131
unresolved org Yayasan Artha Bakti Owned Certification p.132
unresolved org MarkPlus Inc. p.133
unresolved org Yayasan Artha Bakti Palembang p.133
unresolved org Nasional Owned Certification p.133
unresolved org Nasional Sertifikasi p.133 ×2
unresolved org PT Baturaja Multi Usaha Tk Vice p.139 ×2
unresolved org Dana Pensiun Buana p.139
unresolved org Dana Pensiun Tk. Senior Manager p.139

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