pt dian swastatika sentosa tbk
TRANSCRIPT
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
PT Dian Swastatika Sentosa TbkWednesday, October 21, 2020
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
1
2
3
4
5
AGENDA
Company Overview
Operational Overview H1-2020
Consolidated Financial Review H1-2020
Corporate Governance, Corporate Social Responsibility, and Awards
Economic Outlook, Business Opportunities, and Strategies
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
COMPANY OVERVIEW1
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
BUSINESS FIELD
•Pay TV
•Internet Services
•Fertilizer
•Chemical
•Pesticide
•Coal Mining
•Coal Trading
•Captive (300 MW)
•IPP (600 MW)
POWER GENERATION
COAL MINING AND TRADING
MULTIMEDIAFERTILIZER AND
CHEMICAL TRADING
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
COMPANY STRUCTURE
Power Generation GroupDSSE : PT DSSE Energi Mas Utama
Chemical Trading GroupRKN : PT Rolimex Kimia Nusamas
PT Dian Swastatika Sentosa Tbk(DSSA)
GEAR(Coal Mining
& Trading)
DSSM Group(Multimedia)
RKN Group(ChemicalTrading)
DSSI Group(Others)
DSSE Group(Power
Generation)
(39 entities) (39 entities) (2 entities) (8 entities)(9 entities)
Multimedia GroupDSSM : PT DSSA Mas Sejahtera
Coal Mining and Trading GroupGEAR : Golden Energy and Resources Limited
OthersDSSI : PT DSSA Mas Infrastruktur
Number of Subsidiaries in DSSA Group: 97 Entities
Company Structure as of June 30, 2020
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
NUMBER OF EMPLOYEES
2504 2407
608 619
H1-2019 H1-2020
Group's Employees Company's Employees
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
OPERATIONAL OVERVIEW H1-20202
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
POWER GENERATION
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
POWER PLANTS LOCATIONS
IPP PLTU SUMSEL-5SOUTH SUMATERA
IPP PLTU KALTENG-1CENTRAL KALIMANTAN
IPP PLTU KENDARI-3SOUTHEAST SULAWESI
CAPTIVE POWER PLANTSERANG
CAPTIVE POWER PLANTTANGERANG
CAPTIVE POWER PLANTKARAWANG-1
CAPTIVE POWER PLANTKARAWANG-2
TOTAL CAPACITY900 MW
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
H1-2019 H1-2020
732.971
MWh727.861
MWh
6.905.611GJ
7.163.479GJ
CAPTIVE POWER PLANTS
Electricity Capacity : 300 MWSteam Capacity : 1.336 ton/hour
OFFTAKE SALES(million USD)
-0.7%
H1-2019 H1-2020
+3.7%
Electricity Steam
24.2 24.9
H1 - 2019 H1 - 2020
+2.6%
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
IPP PLTU SUMSEL-5
• Location : Musi Banyuasin, South Sumatera• Capacity : 2 X 150 MW • Scheme : BOOT• Contract Period : 25 years• Customer : PT PLN (Persero)• Commercial Operation Date : December 20, 2016
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
IPP PLTU KENDARI-3
• Location : Konawe Selatan, South-East Sulawesi• Capacity : 2 X 50 MW• Scheme : BOOT• Contract Period : 25 years• Customer : PT PLN (Persero)• Commercial Operation Date : October 28, 2019
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
• Location : Tumbang Kajuei, Kalimantan Tengah• Capacity : 2 X 100 MW • Scheme : BOOT• Contract Period : 25 tahun • Customer : PT PLN (Persero)• Operation Year Target : 2020
IPP PLTU KALTENG-1
PROGRESSas of June 30, 2020
99%
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
IPP PLTU KALTENG-1
STEAM TURBINE #1
PLANT
COAL YARD
COOLING WATER SYSTEM
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
COAL MINING AND TRADING
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
MAIN COAL MINES LOCATIONS
BLOK KIMSOUTH SUMATERA
BIBSOUTH KALIMANTAN
BLOK SKS & PMSCENTRAL KALIMANTAN
BLOK ASLSOUTH SUMATERA
TKSCENTRAL KALIMANTAN
BLOK WRLSOUTH SUMATERA
BLOK BSLSOUTH SUMATERA
Coal Reservesas of June 30, 2020
1.265,5 million tons
Calorific Value2.688-6,200 Kcal/kg (ar)
STANMOREAUSTRALIA
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
COAL PRODUCTION AND SALES
H1 - 2019 H1 - 2020 Changes
Production Volume 13.2 million tons 17.6 million tons +33.3%
Sales Volume 14.0 million tons 18.0 million tons +28.6%
Revenue USD 495.9 million USD 581.0 million +17.2%
36%
64%
H1 - 2019
Local Export
39%61%
H1 - 2020
Local Export
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
FERTILIZER AND CHEMICAL TRADING
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
CHEMICAL SALES
H1 - 2019 H1 - 2020 Changes
Fertilizer 270,157 tons 118,390 tons -56.2%
Chemical 37,003 tons 53,715 tons +45.2%
Pesticide 1,879 kiloliters 2.776 kiloliters +47.7%
Revenue USD 109.6 million USD 60.9 million -44.4%
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
MULTIMEDIA
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
SERVICE AREAS
MEDAN
PALEMBANG
JABODETABEK
SEMARANGSURABAYA,MALANG
BANDUNG
Our Multimedia services are available in 11 major cities in
Java and Sumatra.
176,598 subscribers
812,707 home-passes
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
PAY TV AND INTERNET SERVICE SALES
H1 - 2019 H1 - 2020 Changes
Subscribers 133,346 176,598 +32.4%
Home-passes 725,959 812,707 +11.9%
Revenue USD 19.6 million USD 21.0 million +7.1%
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
CONSOLIDATED FINANCIAL REVIEWH1-2020
3
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
CONSOLIDATED FINANCIAL REVIEW
331.8
544.7
823.8 832.1771.6
H1-2016 H1-2017 H1-2018 H1-2019 H1-2020
REVENUES(million USD)
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
75.3%
14.0%
7.9%
2.7%
0.1%
H1-2020
Coal Mining andTrading
Power Generation
Chemical Trading
Multimedia
Others
REVENUE DISTRIBUTION BASED ON BUSINESS SEGMENT
59.6%24.8%
13.2%
2.4%0.1%
H1-2019
CONSOLIDATED FINANCIAL REVIEW
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
H1 - 2019(in million USD)
H1 - 2020(in million USD)
Changes
Gross Profit 292.1 292.1 0.0%
Operating Profit 132.5 118.4 -10.6%
EBITDA 153.9 149.1 -3.1%
Net Income 47.8 42.3 -11.5%
FY - 2019(in million USD)
H1 - 2020(in million USD)
Changes
Current Assets 865.3 924.3 6.8%
Non-Current Assets 2,853.7 2,923.8 2.5%
Total Assets 3,719.0 3,848.1 3.5%
Current Liabilities 667.4 673.8 1.0%
Non-Current Liabilities 1,413.5 1,419.6 0.4%
Total Liabilities 2,080.9 2,093.4 0.6%
Total Equity 1,638.1 1,754.8 7.1%
CONSOLIDATED FINANCIAL REVIEW
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
FINANCIAL RATIONS
FY - 2019 H1 - 2020
Current Ratio 129.7% 137.2%
Liabilities-to-Equity Ratio 127.0% 119.3%
Liabilities-to-Assets Ratio 56.0% 54.4%
Return on Assets 1.9% 1.1%
Return on Equity 4.4% 2.4%
Gross Profit Margin 34.8% 37.9%
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
CORPORATE GOVERNANCE, CORPORATE SOCIAL RESPONSIBILITY, AND AWARDS
4
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
CORPORATE GOVERNANCE
• In H1-2020, the Company has conducted the following meetings:
• On June 29, 2020, the Company has conducted the Annual General Meeting of Shareholders andthe Extraordinary General Meeting of Shareholders to change the composition of the members ofthe Board of Directors and to amend the Articles of Association of the Company.
• The Company has reported its financial and non-financial information transparently through the
Company’s website www.dssa.co.id and IDX website www.idx.co.id.
Number of Meetings
Annual General Meeting of Shareholders 1
Extraordinary General Meeting of Shareholders 1
Board of Commissioners 6
Board of Directors 6
Audit Committee 4
Nomination Committee 3
Remuneration Committee 2
Joint Meetings 2
Activities in H1-2020
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
CORPORATE GOVERNANCE
Franky Oesman WidjajaPresident Commissioner
Indra WidjajaVP Commissioner
Evita H. LegowoIndependent Commissioner
Robert A. SimanjuntakIndependent Commissioner
Andy N. SommengIndependent Commissioner
L. Krisnan CahyaPresident Director
AndrijantoDirector
Hermawan TarjonoDirector
Lokita PrasetyaDirector
BOARD OF DIRECTORS
BOARD OF COMMISSIONERS
Company’s Boards
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
CORPORATE GOVERNANCE
Robert A. SimanjuntakChairman
Evita H. LegowoChairman
Carel RisakottaMember
Franky Oesman WidjajaMember
Asep KarsidiMember
Susi SusantijoMember
NOMINATION AND REMUNERATION COMMITTEES
AUDIT COMMITTEE
Company’s Committees
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
CORPORATE GOVERNANCE
Inspection from the government regarding the implementation of Covid-19 protocols in the office
Socialization of the Covid-19 protocolto all employees through Zoom meeting
Provision of masks, hand sanitizers, and vitamin C for employees
Body temperature checkbefore entering the head office area
COVID-19 Protocol Implementations
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
CORPORATE GOVERNANCE
Masks and physical distancing in the site area
Body temperature checkfor all employees and contractors
Disinfectant sprayingtwice a week on site
Disinfectant booth and hand washing facilitiesin front of the site lobby
COVID-19 Protocol Implementations
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
CORPORATE SOCIAL RESPONSIBILITY
Mass Treatment Program for Toddlers and the Elderlyin 3 villages in Bayung Lencir District, South Sumatra
(January 2020)
Submission of PPE Aid to the Covid-19 Handling Task Force, Bayung Lencir District, South Sumatra
(April 2020)
Providing Basic Food Assistance in the Context of Eid Al-Fitr, Bayung Lencir District, South Sumatra
(May 2020)
Handover of Block Aid to Residents Affected by House Fire, Bayung Lencir District, South Sumatra
(May 2020)
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
CORPORATE SOCIAL RESPONSIBILITY
Inauguration of the Floating Reading Park, WawatuVillage, North Moramo District, South KonaweRegency, Southeast Sulawesi (February 2020)
Submission of PPE Aid to the Department of Industry and Trade of South Konawe Regency, Southeast
Sulawesi (May 2020)
Delivery of Basic Food Aid to ResidentsTanjung Tiram Village, Southeast Sulawesi
(May 2020)
Providing Al Quran and Prayer Matto Ar-Rahman Mosque, Wawatu Village, Southeast
Sulawesi (May 2020)
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
CORPORATE SOCIAL RESPONSIBILITY
Submission of PPE Aid to Gunung Mas Police,Central Kalimantan
(April 2020)
Submission of Aid to the Covid-19 Handling Task Force, Rungan District, Central Kalimantan
(April 2020)
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
AWARDS
TOP CSR AWARD #Star 4TOP LEADER on CSR COMMITMENT 2020July 29, 2020
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
ECONOMIC OUTLOOK, BUSINESS OPPORTUNITIES, AND STRATEGIES
5
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
ECONOMIC OUTLOOK
WORLD ECONOMY• As a result of the Covid-19 pandemic, the World Bank predicts world economic
growth of -5.2% in 2020.
• The world economy is expected to improve and grow by 4.2% in 2021.
INDONESIAN ECONOMY• The Covid-19 pandemic has also affected the Indonesian economy.
• Based on the development of indicators for the stability of the IDR value per
September 25, 2020, the Bank of Indonesia predicts Indonesia's economic growth
throughout 2020 will be around 1.48%.
• The Indonesian economy is predicted to grow in the range of 4.8% to 5.8% in
2021.
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
POWER GENERATION BUSINESSOPPORTUNITIES AND STRATEGIES
The Company analyzes every new business opportunity that may provide added valueto the Company, including opportunities to explore the renewable energy businesses.
National Power PlantEnergy Mix
as of May 2020
Source: Director General of Electricity, Ministry of Energy and Mineral Resources
63.92%18.08%
14.95%
3.05%
Coal Gas Renewables Oil
• To date, electricity in Indonesia still has ahigh dependence on coal energy.
• The prospect of coal-fired power plantsis expected to persist in the comingyears.
• The government supports thedevelopment of environmentally friendlytechnologies for coal-fired power plantsand continues to encourage the use ofsustainable energy for the developmentof the new and renewable energy-basedelectricity.
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
MINING BUSINESSOPPORTUNITIES AND STRATEGIES
32% 31% 28%
22% 24% 25%
27% 25%21%
6% 5%6%
10% 10%11%
2% 3%3%
1% 2%6%
2010 2020 2035
World Primary Energy Mix
Oil Natural GasCoal NuclearBiomass Hydro Renewable Energies
The company will continue to strive to strengthen its thermal coal marketing to domestic and export markets such as China, India, Malaysia and to reach new markets in Southeast Asia.
The Company, through its subsidiaries, has also begun to diversify its business into metallurgical coal and gold mining.
Source: Total
Short Term Opportunities
• As a result of the Covid-19 pandemic and theimplementation of lockdowns in various countriesin the world, global coal demand and prices haveweakened.
• In Indonesia, coal demand and prices for bothdomestic and export sales are also weakened.
Long Term Opportunities
• Coal will still be an important player in the energymix of a lot of countries in the world.
• The prospect of coal exports remains good asdemand from the Chinese market remains large;also the increasing demands from new powerplants in Southeast Asia, such as in Vietnam andthe Philippines.
PUBLIC EXPOSE H1-2020 – OCTOBER 21, 2020
(million people)
MULTIMEDIA BUSINESSOPPORTUNITIES AND STRATEGIES
The Company strives to increase market penetration, among others through improving service quality, expanding service areas, offering a variety of products that suit market needs at competitive prices, and
improving customer service.
Source: Processed from the Central Bureau of Statistics and Statista
0
50
100
150
200
250
300
2017 2018 2019 2020 2021 2022 2023 2024
Jumlah Penduduk Jumlah Pengguna Internet Jumlah Pengguna E-commerce
CAGR 8%
CAGR 17%
Total Population Number of Internet Users Number of E-commerce Users
THANK YOU