Profile

Industry Sector Property, Real Estate and Construction
Industry Sub Sector Building Construction
Established 1 January 1961
Listed 19 December 2012
Listed Company Code WSKT
Listed Shares 9,632,236,000
Dividend No
Major Shareholders (>5%) Government of Indonesia (68.00%)
Key Subsidiaries Waskita Sangir Energi
Waskita Toll Road
Waskita Beton Precast
Citra Washputowa

Stock Quote Waskita Karya - WSKT:

Business Summary

The main business activity of Waskita Karya involves construction services. This constitutes civil work that includes road construction, bridges, railways, construction of ports and airports, irrigation building (barrage, and irrigation channel), manpower buildings (water power plants, steam power plants, nuclear power plants) and telecommunication and radio works. Several notable projects include Soekarno-Hatta International Airport, Juanda Airport (Surabaya), Suramadu Bridge, Jatigede Dam, ADFC Tower Dubai, and Mandara Bali Toll Road.

The company also provides some non construction services such as the renting out of property and others.

Being a state-controlled company, Waskita Karya is well-positioned to acquire large infrastructure projects within the government's ambitious Masterplan for Acceleration and Expansion of Indonesia's Economic Development (MP3EI). Apart from the government, the company's customer base also consists of other state-owned enterprises and the private sector (domestic and foreign).

Operational Highlights Waskita Karya:

     2012    2013    2014    2015    2016
Construction Services
 8,807.6  9,559.1  9,483.9 12,041.4 22,373.2
Precast Services
   0,00   127.2   802.6  2,068.6  1,148.5
Toll Road Income       -       -       -    31.8   218.1
Building Rental
   0.97    0.26    0.32    0.62    1.40

in billion IDR rupiah
Source: Waskita Karya Annual Report 2016

Financial Highlights Waskita Karya:

     2010    2011    2012    2013    2014    2015    2016
Revenues  5,853.2  7,274.2  8,808.4  9,686.6 10,286.8 14,152.7 23,788.3
Cost of Revenues (5,276.9) (6,611.0) (8,076.2) (8,775.9) (9,177.9) (12,232) (19,820)
Operating Profit    389.2    485.0    628.5    706.9    949.7  1,447.0  3,145.8
Net Income    124.1    172.0    254.0    368.0    511.6  1,047.6  1,713.3
Total Comprehensive
Income
   254.4    366.6    471.9  1,567.1  1,809.2
Total Assets  4,078.7  5,116.0  8,366.2  8,788.3 12,542.0 30,309.1 61,425.2
Total Liabilities  3,628.6  4,495.8  6,359.2  6,463.5  9,777.1 20,604.9 44,652.0
Earnings per Share¹         38,14    38,20    51,90    90,19   147,48

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Waskita Karya, Annual Report 2016

Future Projection Waskita Karya's Financial Highlights:

     2015    2016   2017F   2018F   2019F
Revenues 14,152.7 23,788.3 33,507.0 41,707.0 49,555.0
Net Income  1,047.6  1,713.3  2,258.0  2,856.0  3,736.0
EBITDA  1,555.0  3,370.0  5,152.0  7,941.0 10,179.0
P/E Ratio (x)     26.9     20.3     15.4     12.2      9.3
P/B (x)      3.0      3.1      2.7      2.3      1.9

in billion IDR rupiah unless otherwise stated
Source: Maybank King Eng Securities  (23/02/2017)

Location

Contact Details

Gedung Waskita
Jalan M.T. Haryono Kav. No. 10
Cawang, Jakarta - 13340
Phone: +62 21 850 8510
Fax: +62 21 850 8506
Email: netty@waskita.co.id
www.waskita.co.id