PUBLIC EXPOSE - Indocement Tunggal Prakarsa, PT.

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Financial Results 2009 Consolidated Income Statement 2009 2008 Change Comments Sales Volume (k Tons) 13,455 14,662 -8% Lower domestic sales by 4% and export sales volume by 45% Net Revenues 10,576 9,780 8% Maintaining price policy but with the consequence of lower market share Cost of Revenues 5,468 5,756 -5% Lower production volume, stronger IDR; only the most efficient kilns were running in low sales season, successful in renegotiating of purchase price of major material & fuels- cause our production cost/ ton only increase by 4% Gross Profit as % of Net Revenues 5,108 48.3% 4,025 41.1% 27% Operating Expenses 1,415 1,565 -9.6% Fixed Cost under strict control & lower logistics cost due to fall in fuel & reduction of tariff Income from Operations as % of Net Revenues 3,693 34.9% 2,460 25.2% 50% EBITDA as % of Net Revenues 4,263 40.3% 3,059 31.3% 39% Interest Expenses -40 -124 -68% In line with ongoing de-gearing, incl. repayment of Rp550bn loan in 1Q09 Forex Gains/(Losses) -8 -73 89% NET INCOME 2,747 1,746 57% 12
Financial Results 2009 Consolidated Balance Sheet & Financial Highlights 2009 2008 Comments Current Assets 5,323 3,471 Significant increase in cash & cash equivalent balance following strong free operating cash flow in 3Q09 and effort to manage tight working capital in all aspect Non Current Assets 7,953 7,815 Mainly related to increase of capital expenditures Current Liabilities 1,771 1,944 Repayment of outstanding balance of Rp550bn(US$50m) loan from HC Finance B.V. Non Current Liabilities 801 821 Mainly related to the decrease in obligation under capital lease and deferred tax liability Equity + Minority Interest 10,704 8,522 Assets 13,276 11,287 Solid Balance Sheet with strong financial condition • The outstanding loan balance per 31 December 2009 is only USD 25 mio revolving loan. • Cost of fund: LIBOR plus 90 bps • Gearing ratio and debt level at the lowest level in more than a decade. 13
Page 1 and 2: PUBLIC EXPOSE Jakarta, 19 March 201
Page 3 and 4: Indocement history 1985 • PT Indo
Page 5 and 6: Indocement’s business divisions C
Page 7 and 8: Indonesia Cement Market Analysis 47
Page 9 and 10: Market Shares Composition Source: A
Page 11: Indocement Sales Highlights Market
Page 15 and 16: Investments in our “vertical inte
Page 17 and 18: Market outlook • In the last four
Page 19 and 20: Sustainable Development Program •
Page 21 and 22: Awards 2009 • 15 January 2009: Th
Page 23: Thank You 23

PUBLIC EXPOSE - Indocement Tunggal Prakarsa, PT.

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