PT. WASKITA BETON PRECAST, Tbk

Company Update3Q - 2017

1

2

Who We Are

Karawang Plant (2016)

3

Establishment of Precast Division

Precast Division

Establishment of PT WaskitaBeton Precast as subsidiary

October 2014

2013

20142015

2016

Public

IPO PT Waskita Beton Precast TbkSeptember 2016

59.99% 40.01%

VisionTo Become Leading Company In Indonesia In

Manufacturing Sector of Precast, Readymix, Quarry, Construction Service And Post-tension Precast Concrete

0.62

0.80

1.802.65

4x

x Production Capacity (Million Ton per Year)

We have grown significantly since our first inception in 2013

2017

3.25

Precast Readymix

Construction Services

Our main products are Precast and Readymix Concrete

Cibitung(350,000 ton)

Sidoarjo(400,000 ton)

Palembang(200,000 ton)

Kalijati(250,000 ton)

Karawang(450,000 ton)

Bojonegara(200,000 ton)

Subang(350,000 ton)

Klaten(150,000 ton)

Sadang(375,000 ton)

Gasing(250,000 ton)

Legundi(275,000 ton)

Plant (11)

JAKARTA/BANTEN1. Desari2. Becakayu3. Cakung4. Kemayoran5. Cengkareng6. Karawaci

WEST JAVA1. Kalijati2. Kertajati3. Bocimi4. Kota Wisata5. Bekasi Barat

NORTH SUMATRA1. Kuala Tanjung2. MKTT

LAMPUNG1. Lampung2. Sedyomulyo3. Bandar Agung

SOUTH SUMATERA

1. Kayu Agung2. Bandara3. Jakabaring 14. Jakabaring 2

EAST JAVA1. Balerejo2. Sumber Asih3. Walikukun4. Tongas5. Grati6. Legundi 17. Boboh8. Bunder9. Muneng10. Meganti

CENTRAL JAVA1. Pejagan 12. Pejagan 23. Banjaratna4. Masaran5. Banaran6. Sidoharjo 1

Batching Plant (62)

7. Sidoharjo 28. Kebun Romo9. Grudo10. Baderan11. Sidowah12. Balamoa13. Petarukan14. Gringsing15. Adiwerna16. Warurejo17. Pegandon18. Warung

Asem19. Kandeman20. Kaliwungu 121. Kaliwungu 222. Sragi23. Grudo 124. Grudo 225. Subah26. Tingkir27. Ampel28. Bojong 4

30%

60%

10%

29. Sidowayah30. Kebonromo31. Ngalian

NORTH SULAWESI1. Manado -

Betung

We have developed a number of Product Lineup

5

Pre

cast

Pro

du

cts

L GUTTERU DITCH CCSP U GUTTER DIAFRAGMA WALLFCSP

BOX GIRDER PCI GIRDER

PCU GIRDER

PCT GIRDER SPUN PILE 60cmSQUARE PILE

RC PLATE BARRIER HALF SLABFULL SLAB VOIDED SLAB

SPUN PILE 1,2m

K100 – K800Rea

dym

ix P

rod

uct

s

800,000

1,800,000

2,650,000

3,250,000 58%

64%

70%

40%

50%

60%

70%

80%

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

2014 2015 2016 2017F

‘14-’16CAGR 82%

6

Precast Production Volume as per September 2017 : 1,372,379

Precast Capacity & Utility

• In 2016, plant’s capacity and precastproduction is tripled from 2014

• Our production Capicity Now Is 3,250,000Ton

Capacity expansion ensures our future growth

Precast Volume Production

463,200

1,160,000

1,561,229 1,372,379

2014 2015 2016 Sep-17

‘14-’16CAGR 84%

7

Our Competitive Edge

Cimanggis – Cibitung Tollroad (August - 2017)

Synergy with WSKT Group has given us competitive advantages

8

Tahun 2014 2015 2016 2017F

(IDR) 3.3 T 2.2 T 12.2 T POTENTIALS

Projects

Bekasi-Cawang-Kp.Melayu(Becakayu Seksi 1-2)

Pejagan Pemalang (Seksi 3) Pejagan Pemalang (Seksi 4) Terbanggi Besar – Kayu Agung

Pejagan Pemalang (Seksi 1-2) Kuala Tanjung Port Cimanggis Cibitung Paket 2 Tol Kunciran – Bandara

Depok - Antasari Tollroad MKTT Pemalang Batang Terbanggi Besar – Mesuji

Solo - Ngawi (Seksi 1-2) Batang Semarang Tol Kediri – Kertosono

Ngawi Kertosono Bogor Ciawi 2 – 4 Japanan Mojosari – Mojokerto

Cimanggis Cibitung Paket 1 LRT – Palembang Dermaga Kijing

Legundi – Bunder Penajam – Balikpapan

Kayu Agung- Palembang –Betung

Tol Probolinggo – Banyuwangi

Pasuruan – Probolinggo Jakarta - Cikampek

Boyolali – Salatiga

VERTICAL INTEGRATION

9

New Contract Achievement(In Rp Billion)

Notes : 2017 record is for 5M only

• New Contract per September 2017: Rp 7,4 Tn.

• Contracts mainly supported by business development projects (Toll-Road)

495 355 430 123 558 329 731 731

3,046

1,971

11,066

6,570 4,099

2,655

12,227

2014 2015 2016 Sep-17

Internal External Business Development Total New Contract

7,423

Obtains higher marketing performance (1/2)

10

Total Orderbook

• Orderbook as per September 2017: Rp 17.60 Tn (including Carryover 2016 of Rp 10.2 Tn)

(In Rp Billion)

4,408

5,871

15,051

17,599

2014 2015 2016 Sep-17

‘14-’16CAGR 84.4%

Obtains higher marketing performance (2/2)

11

These competitive edges are reflected in our contract achievement

No Project in 2017 Value (Rp Bn)

1 Precast, Readymix Tol Cibitung - Cilincing 1,109,148

2 Precast, Readymix Jalan Tol Cileunyi Sumedang - Dawuan Seksi 3, 4, 5, dan 6 645,057

3 Precast, Readymix Jalan Tol JORR Package 3 Serpong - Cinere 417,837

4 Readymix, - Proyek Tol Pematang Panggang - Kayu Agung 603,338

5 Girder, Spun Pile - Jalan Tol Krian Legundi Bunder 574,706

6 Readymix, Precast MCB - Proyek Tol Jakarta Cikampek II (Elevated) 563,917

7 Spun Pile, PCI Girder - Proyek Tol Pematang Panggang - Kayu Agung 556,590

8 Add Proyek Jalan Toll Batang – Semarang Paket 1 489,011

9 Pekerjaan Pembangunan Jalan Tol Krian - Legundi - Bunder- Manyar Pekerjaan Pile Slab (Penambahan Nilai Kontrak) 447,329

10 Readymix - Proyek Tol Kayu Agung - Palembang - Betung At Grade 386,927

11 Readymix - Jalan Tol Krian Legundi Bunder 272,222

12 Readymix, Girder, Spun Pile - Proyek Jalan Tol Terbanggi Besar - Kayu Agung 260,371

13 Readymix & PCI Girder Jalan Tol Jorr II Paket I Kunciran Serpong 174,904

No Project in 2016 Value (Rp Bn)

1 Precast & Readymix Legundi-Bunder Tollroad 2,600.00

2 Precast, Readymix - Tol Cimanggis - Cibitung (Seksi 2) Tollroad 2,230.24

3 Precast, readymix Batang Semarang Tollroad 1,509.76

4 LRT Palembang 1,021.51

5 Bogor Ciawi Sukabumi Tollroad, Section 2,3,4 790.76

6 Kayu Agung - Palembang - Betung Tollroad 704.76

Efficiencies are pushed forward to support better margin

12

Quarry

HORIZONTAL INTEGRATION

Mixer Truck

We own majority of our Mixer Trucks in operation for Readymix

Concrete to provide better operating margin

Location

Sambirejo, Sragen

Ungaran, Semarang

Rumpin, Bogor

Talun, Pekalongan

13

Performance Delivered

LRT Palembang (2017)

Major Contracts Progress

14

Solo Kertosono

(61.6%)

LRT Palembang

(86.4%)

CCTW I & II

(25.7%)

Becakayu

(94.5%)

*Exclude PPN, Data as per August 2017

Jakarta – Cikampek Elevated

(16.8%)

Semarang – Batang

(42.4%)

Legundi – Bunder

(45.5%)

Bogor – Ciawi –Sukabumi

(4.7%)

500

1,178

3,002

5,551

6,329 6,760

2014A 1H 2015 2015A 1H 2016 2016A 1H 2017

15

Balance Sheet Position

Total Liabilities

Interest Bearing DebtTotal Equity

(in Rp Billion)

CAGR*255%

CAGR* 225%

*Notes: CAGR is for annual value only

-

45

761

2,421

3,356

3,978

2014A 1H 2015 2015A 1H 2016 2016A 1H 2017

702 874 1,331 1,861

7,406 7,527

2014A 1H 2015 2015A 1H 2016 2016A 1H 2017

Total Asset

1,203 2,052

4,332

7,412

13,734 14,287

2014A 1H 2015 2015A 1H 2016 2016A 1H 2017

CAGR*238%

140

334

635

107

341

436

2014 2015 2016 2017

642

2,644

4,717

817

1,869

2,668

2014 2015 2016 2017

FY 1H

16

Earning Performance

Revenue COGS

EBITDA Net Profit

22.85% 15.86% 22.26% -

- 15.88% 30.49% 25.51%

FY

1H

Gro

ss M

argi

n

21.86% 12.64% 13.46% -

- 13.10% 19.15% 16.36%

FY

1HNe

t M

argi

n

CAGR 171% CAGR

81%

CAGR 172%

CAGR 70%

CAGR 113%

CAGR 102%

(Rp Jutaan)

495

2,225

3,667

687

1,300

1,988

2014 2015 2016 2017

150

460

1,208

141

686

1,027

2014 2015 2016 2017

EBIT

DA

Mar

gin

CAGR 184%

CAGR 170%

23.37% 17.39% 25.60% -

- 17.23% 36.70% 38.47%

FY

1H

21.26%

25.13%

14.53%12.24%

19.24%

5.80%

2014 2015 2016 2017

11.67%

7.72%

7.03%

5.21% 4.83% 3.05%

2014 2015 2016 2017

1.96

0.41

1.71

1.36

0.74

2.03

2014 2015 2016 2017

17

Financial Ratio

Return on Equity Ratio Return on Assets Ratio

Debt to Equity Ratio Current Ratio

-7% 22%CAGR

-17% -31%CAGR -22% -23%CAGR

-

0.57

0.45

0.05

1.30

0.53

2014 2015 2016 2017

FY 1H 220%

Financial Report:Profit and Loss Statement

18

(in Rp Million)

2014A 1H 2015 2015A 1H 2016 2016A 1H 2017

Sales 641,931 816,812 2,644,320 1,869,221 4,717,150 2,668,386

Cost of good sold (495,226) (687,112) (2,224,890) (1,300,187) (3,667,088) (1,987,811)

146,705 129,700 419,430 569,034 1,050,062 680,575

22.85% 15.88% 15.86% 30.44% 22.26% 25.51%

(4,008) (21,474) (54,298) (30,755) (54,280) 15,469

142,697 108,226 365,132 538,279 995,783 696,044

22.23% 13.25% 13.81% 28.80% 21.11% 26.08%

- - (19,582) (83,434) (28,438) (164,642)

142,697 108,226 345,550 454,845 967,345 531,402

Tax Expense (2,392) (1,256) (11,181) (113,818) (332,525) (94,945)

140,305 106,970 334,370 341,027 634,820 436,457

21.86% 13.10% 12.64% 18.24% 13.46% 16.36%

EBITDA 149,995 140,709 459,809 685,926 1,207,587 1,026,531

23.37% 17.23% 17.39% 36.70% 25.60% 38.47%

Gross Profit Margin

Gross Profit

Operating Cost

Operating Profit

Other income (expense)

EBITDA Margin

Earning before taxes

Operating Profit Margin

Net Profit Margin

Net profit

*Other Expenses in June 2016 & 2017 includes the interest costs which are directly attributable to the cost of a qualifying project

*

Financial Report: Balance Sheet

19

(in Rp Million)

2014A 1H 2015 2015A 1H 2016 2016A 1H 2017

980,931 1,601,630 1,003,665 3,042,198 8,132,621 10,779,583

221,675 450,236 3,328,743 4,369,397 5,601,647 3,507,236

1,202,606 2,051,865 4,332,408 7,411,594 13,734,267 14,286,819

500,441 1,178,089 2,432,181 4,104,405 4,766,317 5,304,192

- - 569,401 1,446,142 1,562,449 1,455,310

500,441 1,178,089 3,001,582 5,550,547 6,328,766 6,759,503

702,165 873,776 1,330,825 1,861,048 7,405,501 7,527,316

1,202,606 2,051,865 4,332,407 7,411,595 13,734,267 14,286,819

ASET

Total Liability

EQUITY

Total Equity

Total Liabilities and Equity

Total Current Assets

Total Non-Current Assets

LIABILITAS

Total Current Liabilities

Total Long-term Liability

Total Aset

Financial Report:Cash Flow

20

(in Rp Million)

2014A 1H 2015 2015A 1H 2016 2016A 1H 2017

Net Cash from Operations (85,007) (261,031) (686,135) (1,065,330) (3,034,905) (2,543,132)

Net Cash from Investing (21,615) (109,280) (123,555) (681,578) (833,320) (904,253)

Net Cash From Financing 378,844 423,844 635,655 2,230,849 7,975,859 1,299,765

Net increase/(decrease) in cash held 272,221 53,533 (174,035) 483,942 4,107,635 (2,147,619)

Cash at the beginning of the year - - 272,221 98,186 98,186 4,205,820

Cash at the end of the year 272,221 53,533 98,186 582,127 4,205,820 2,058,201

CAGR* 225%

702 1,113

1,331

7,175 7,406 7,516

2014A 3Q 2015 2015A 3Q 2016 2016A 3Q 2017

500

1,991

3,002

6,411 6,329

8,280

2014A 3Q 2015 2015A 3Q 2016 2016A 3Q 2017

1,203

3,104 4,332

13,586 13,734

15,796

2014A 3Q 2015 2015A 3Q 2016 2016A 3Q 2017

Balance Sheet Position

Total Liabilities

Interest Bearing DebtTotal Equity

(in Rp Billion)

CAGR*255%

*Notes: CAGR is for annual value only

Total Asset

CAGR*238%

188 761

2,782 3,356

4,778

2014A 3Q 2015 2015A 3Q 2016 2016A 3Q 2017

21

149

458

1,165

264

981

1,642

2014 2015 2016 2017

EBIT

DA

Mar

gin

140

334

635

211

503

825

2014 2015 2016 2017

Ne

t M

argi

n

495

2,225

3,478

1,367

2,212

3,665

2014 2015 2016 2017

FY

3Q

CAGR 64%

22.85% 15.86% 22.26% -

- 15.47% 27.87% 26.87%

642

2,644

4,717

1,617

3,066

5,011

2014 2015 2016 2017

FY 3Q

Earning Performance

Revenue COGS

EBITDA Net Profit

21.86% 12.64% 13.46% -

- 13.06% 16.39% 16.47%

CAGR 171%

CAGR 76%

CAGR 113%

CAGR 98%

(Rp Jutaan)

23.24% 17.32% 24.69% -

- 16.31% 32.01% 32.77%

Gro

ss M

argi

n

CAGR 172%

FY

3Q

FY

3Q

22

CAGR 179%

CAGR 150%

21.26%

25.13%

14.53%

18.97%

12.13%11.23%

2014 2015 2016 2017

FY 3Q

1.96

0.41

1.71

1.19

1.83

1.59

2014 2015 2016 2017

FY 3Q

0.57 0.45

0.17

0.39

0.64

2014 2015 2016 2017

FY 3Q CAGR

Financial Ratio

Return on Equity Ratio Return on Assets Ratio

Debt to Equity Ratio Current Ratio

-7% 15%CAGR

-17% -23%CAGR -22% -12%CAGR

94%

23

11.67%

7.72%7.03%

6.80% 6.02%5.62%

2014 2015 2016 2017

FY 3Q

2014A 3Q 2015 2015A 3Q 2016 2016A 3Q 2017

Sales 641,931 1,616,735 2,644,320 3,066,477 4,717,150 5,011,381

Cost of good sold (495,226) (1,366,553) (2,224,890) (2,211,727) (3,667,088) (3,664,993)

Gross Profit 146,705 250,183 419,430 854,750 1,050,062 1,346,388

Gross Profit Margin 22.85% 15.47% 15.86% 27.87% 22.26% 26.87%

Operating Cost (4,802) (36,627) (56,075) (54,334) (97,012) (117,334)

Operating Profit 141,903 213,555 363,355 800,416 953,050 1,229,053

Operating Profit Margin 22.11% 13.21% 13.74% 26.10% 20.20% 24.53%

Other Income/expense 794 1,668 1,777 3,338 42,733 93,197

Profit before financial charges & Tax 142,697 215,223 365,132 803,754 995,783 1,322,251

Total Financial Charges & Net of joint Venture - (2,060) (19,582) (133,662) (28,438) (248,775)

Earning before taxes 142,697 213,163 345,550 670,092 967,345 1,073,476

Tax Expense / Income (2,392) (2,035) (11,181) (167,562) (332,525) (248,300)

Net profit 140,305 211,128 334,370 502,530 634,820 825,176

Net Profit Margin 21.86% 13.06% 12.64% 16.39% 13.46% 16.47%

EBITDA 149,201 263,745 458,032 981,449 1,164,855 1,642,429

23.24% 16.31% 17.32% 32.01% 24.69% 32.77%EBITDA Margin

Financial Report:Profit and Loss Statement

(in Rp Million)

*Financial Charges in September 2016 & 2017 includes the interest costs which are directly attributable to the cost of a qualifying project

24

*

Financial Report: Balance Sheet

(in Rp Million)

25

2014A 3Q 2015 2015A 3Q 2016 2016A 3Q 2017

980,931 2,378,749 1,003,665 8,945,660 8,132,621 10,824,409

221,675 724,883 3,328,743 4,640,713 5,601,647 4,971,510

1,202,606 3,103,632 4,332,408 13,586,373 13,734,267 15,795,918

500,441 1,990,697 2,432,181 4,884,408 4,766,317 6,822,379

- - 569,401 1,526,866 1,562,449 1,457,707

500,441 1,990,697 3,001,582 6,411,274 6,328,766 8,280,087

702,165 1,112,935 1,330,825 7,175,098 7,405,501 7,515,832

1,202,606 3,103,632 4,332,407 13,586,372 13,734,267 15,795,918

ASET

Total Liability

EQUITY

Total Equity

Total Liabilities and Equity

Total Current Assets

Total Non-Current Assets

LIABILITAS

Total Current Liabilities

Total Long-term Liability

Total Aset

Financial Report:Cash Flow

(in Rp Million)

26

2014A 3Q 2015 2015A 3Q 2016 2016A 3Q 2017

Net Cash From Operations (85,007) (417,265) (686,135) (1,930,670) (3,034,905) (2,231,459)

Net Cash From Investing (21,615) (157,902) (123,555) (479,532) (833,320) (949,174)

Net Cash From Financing 378,844 335,000 635,655 7,706,928 7,975,859 320,659

Net increase/(decrease) in cash held 272,221 (240,167) (174,035) 5,296,727 4,107,635 (2,859,974)

Cash at the Beginning of the year - 272,221 272,221 98,186 98,186 4,205,820

Cash at the end of the year 272,221 32,054 98,186 5,394,913 4,205,820 1,345,846

27

2017 Target

Jakabaring Palembang Batching Plant (2017)

2017 Target

28

Financial

• Revenue : Rp 7.75 Trillion

• Net Profit : Rp 1.13 Trillion

Operational

• New Contract : Rp 12.36 Trillion

• Production Capacity : 3.25 Million tons

• Utilization : 70%

% to 2016 Achievement

+64.3%

+78.0%

+1.3%

+22.6%

+0.0%

715

1,286

700

140

67

197

215

389

-

47

256

-

2016F 2017F 2018F

Precast Readymix Quarry Equipment

29

(in Rp Billion)WSBP Plan in Capital Expenditure

(in

Rp

Bill

ion

)

Capital Expenditure Plan

2016F 2017F 2018F Total

Precast 715 1,286 700 2,701

Readymix 140 67 197 404

Quarry 215 389 - 604

Equipment 47 256 - 303

Total 1,117 1,998 897 4,012

DisclaimerThis material is for information only, and we are not soliciting any action based upon it. This report is not to be construed as an offer to sell or thesolicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The information herein has beenobtained from sources believed to be reliable, but we do not warrant that it is accurate or complete, and it should not be relied upon as such.Opinion expressed is our current opinion as of the date appearing on this material only, and subject to change without notice. It is intended for theuse by recipient only and may not be reproduced or copied/photocopied or duplicated or made available in any form, by any means, orredistributed to others without written permission of PT Waskita Beton Precast.

Thank You

Head Office: Gedung Teraskita Jakarta, 3 & 3A Floor Jl. MT. Haryono Kav. No. 10A Cawang, Jakarta 13340Ph. (+6221) 22892999Website: www.waskitaprecast.co.id

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