Profil

Industry Sector Basic Industry and Chemicals
Industry Sub Sector Cement
Established 15 June 1971
Listed 10 August 1977
Listed Company Code SMCB
Listed Shares 7,662,900,000
Dividend Yes
Major Shareholders (>5%) Holderfin BV (80.65%)
Key Subsidiaries Holcim Beton
Readymix Concrete Indonesia
Pendawa Lestari Perkasa
Bintang Polindo Perkasa
Holcim (Malaysia) Sdn. Bhd.

Stock Quote Holcim Indonesia - SMCB:

Business Summary

Holcim Indonesia operates two cement plants; one in Narogong (West Java) and the other in Cilacap (Central Java), and it owns a cement grinding station in Ciwandan (Banten). In a period of four years, Holcim intends to expand its production capacity to 12.5 million tons of cement per year. Increased output will originate from two new cement plants: the Tuban 1 plant, which will commence production in the third quarter of 2013, and the Tuban 2 plant, which is expected to start operations in 2015. Production capacity of both Tuban 1 and Tuban 2 is estimated at 1.7 million tons per year each. As such, the two Tuban plants, which are located in East Java, will add 3.4 million tons (annually) to the company’s current output of 9.1 million tons per year.

Holcim and its Indonesian-based subsidiaries primarily serve the island of Java, home to about 60 percent of Indonesia's total population. Java is characterized by rapid urban housing and commercial development as well as pressing needs in its infrastructure, including new power stations, ports, highways, and watercourses. Its customers include wholesalers, retailers and concrete products manufacturers (CPMs).

Holcim and its subsidiaries have a combined cement production capacity of approximately 9.1 million tons in Indonesia and a further 1.2 million tons in Malaysia. The company, which was founded as PT Semen Cibinong in 1971, is part of the Swiss-based Holcim Group, one of the largest global cement manufacturers.

Holcim Indonesia's Operational Highlights:

   2008  2009  2010  2011  2012  2013  2014  2015
Domestic Cement Sales
in million tons
  6.0   6.0   6.2   8.2   9.4   8.5   8.8   9.1
Cement Exports
in million tons
  1.6   1.9   1.6   0.5   0.1   0.2   0.2   0.5

Source: Holcim Indonesia, Annual Report 2015

Holcim Indonesia's Financial Highlights:

      2008     2009     2010     2011     2012     2013     2014     2015
Net Sales   5,341.1   5,943.9   5,960.6   7,524.0   9,011.1   8,714.1   9,483.6   9,239.0
Gross Profit
  1,950.0   2,249.7   2,249.4   2,862.9   3,346.8   3,160.0   2,776.3   2,139.4
Income from
Operations
    498.4   1,717.3   1,362.6   1,689.0   2,038.5   1,764.2   1,206.2     909.5
Net Profit     282.0     895.6     830.4   1,063.6   1,350.8   1,006.4     659.9     175.1
EBITDA     925.7   2,183.6   1,909.2   2,317.3   2,614.6   2,338.1   1,872.1   1,833.9
Total Assets   8,209.0   7,265.4 10,437.2 10,950.5 12,168.5 14,895.0 17,199.3 17,321.6
Total Liabilities   5,403.1   3,949.2   3,611.2   3,423.2   3,750.5   6,217.3   8,617.3   8,871.7
Earnings per
Share¹
      37      117      108      139      176      124       86       23
Dividend per
Share¹
     n.a.      n.a.       23       55       80       53       99

in billion IDR rupiah, unless stated otherwise
¹ in IDR rupiah
Source: Holcim Indonesia, Annual Report 2015

Future Prospects of the Indonesian Cement Sector

Indonesia's cement sector has shown a steep increase in domestic cement production and consumption. This trend is estimated to continue for a number of reasons:

Indonesia's current low per capita cement consumption
The government's intention to ramp up much-needed infrastructure development
An expanding middle class that gives rise to to new housing and real estate development
Solid national economic conditions with annual GDP growth of plus 5 percent

What are issues that negatively affect the Indonesian cement sector?

Infrastructure development is not reaching its full potential due to red tape, a weak legal system, and a lack of public and private funds
International financial turmoil (USA and Europe) can influence Indonesia's economic growth, thus affecting domestic cement demand
Recent central bank monetary tightening led to a cooling property market

Companies that dominate Indonesia's cement sector are Semen Indonesia, Indocement Tunggal Prakarsa and Holcim Indonesia. Click here for a detailed analysis of Indonesia's cement industry and market.

Lokasi

Detail Kontak

Menara Jamsostek
North Tower 15th floor
Jalan Gatot Subroto No. 38
DKI Jakarta
Phone
: +62 21 529 62011
Fax
: +62 21 529 62030
Email: esther.makainas@holcim.com
www.holcim.co.id