pt jasa marga (persero) tbk.investor.jasamarga.com/newsroom/628502-lampiran2...jakarta-tangerang...
TRANSCRIPT
Public Expose PT Jasa Marga (Persero) Tbk.
Jakarta,8Agustus2017
Disclaimer
2
By attending this presentation, you are agreeing to be bound by the restrictions set out below. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. The information and opinions contained in this presentation are intended solely for your personal reference and are strictly confidential. The information and opinions contained in this presentation have not been independently verified, and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of, the information or opinions contained herein. It is not the intention to provide, and you may not rely on this presentation as providing, a complete or comprehensive analysis of the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of the company or its subsidiaries. The information and opinions contained in this presentation are provided as at the date of this presentation and are subject to change without notice. Neither the company (including any of its affiliates, advisors and representatives) nor the underwriters (including any of their respective affiliates, advisors or representatives) shall have any responsibility or liability whatsoever (in negligence or otherwise) for the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein nor for any loss howsoever arising from any use of this presentation. In addition, the information contained in this presentation contains projections and forward-looking statements that reflect the company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside the control of the company and its directors. No assurance can be given that future events will occur, that projections will be achieved, or that the company's assumptions are correct. Actual results may differ materially from those forecast and projected. This presentation is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto. This presentation may not be used or relied upon by any other party, or for any other purpose, and may not be reproduced, disseminated or quoted without the prior written consent of the company. Any investment in any securities issued by the company or its affiliates should be made solely on the basis of the final offer document issued in respect of such securities. Relaying copies of this presentation to other persons in your company or elsewhere is prohibited.
StrukturPerusahaan
PemerintahRepublikIndonesia
DirektoratJenderalBinaMarga
KementerianNegaraBUMNMenteriPekerjaanUmumdanPerumahanRakyat
BadanPengaturJalanTol(BPJT)
Perencanaan Jaringan Jalan Tol dan Penetapan Spesifikasi Teknis
InvestorJalanTolSwasta
Perjanjian Pengusahaan Perjanjian Pengusahaan
Kementerian Pekerjaan Umum dan Perumahan Rakyat
70%
Publik30%
Memberikan & Melakukan
Supervisi atas Konsesi Jalan Tol
StrukturRegulasi
3
Pemerintah 70%
Asing 16%
Individu 5%
Intitusi dalam negeri
5%
Reksadana 4%
StrukturPemegangSaham
Saat ini, PT Jasa Marga (Persero) Tbk. (“Perseroan”) dimiliki 70% oleh Pemerintah Indonesia melalui Kementerian BUMN danselebihnya30%dimilikiolehpublik(BadanUsahadanPerorangan).
Per30Juni2017
PTJasamargaTrasjawaTol
65%
738 738 799987
1,260
2012 2013 2014 2015 2016
HakKonsesiJalanTol(km)
600kmJalanTolBeroperasi
VolumeTransaksi
4
MarketShares
JasaMargaadalahpemimpindiindustrijalantoldiIndonesia• Memilikihakkonsesipengelolaanjalantolsepanjang1.260km• Mengoperasikanjalantolsepanjang600kmdenganpangsapasar61%
61% 80%
JavaSea
TimorSea
StraitofMalacca
BandaSea
IndianOcean
SULAWESI
PAPUAKALIMANTAN
MALUKUSUMATRA
CENTRAL JAVA § Semarang: 24.75 km § Semarang-Solo: 72.64 km § Solo-Ngawi: 90.1 km § Ngawi-Kertosono: 87.02 km § Semarang-Batang: 75 km
EAST JAVA § Surabaya-Gempol: 49.00 km § Gempol-Pandaan: 13.61 km § Gempol-Pasuruan: 34.15 km
§ Surabaya-Mojokerto: 36.27 km
§ Pandaan-Malang: 37.62 km
NORTH SUMATERA § Belmera: 42.70 km § Medan-Kualanamu-Tebing Tinggi: 61.70 km
GREATER JAKARTA & WEST JAVA § Jagorawi: 59.00 km § Jakarta-Tangerang: 33.00 km § Ulujami-Pondok Aren: 5.55 km § Jakarta Inner Ring Road: 23.55 km § Prof. Dr. Ir. Sedyatmo: 14.30 km § Jakarta-Cikampek: 83.00 km § JORR: 28.3 km § Cikampek-Padalarang: 58.50 km § Padalarang-Cileunyi: 64.40 km § Palikanci: 26.30 km § JORR W2 North: 7.70 km § Bogor Outer Ring Road: 11.00 km
§ Cengkareng-Kunciran: 14.19 km
§ Kunciran-Serpong: 11.19 km
§ Cinere-Serpong: 10.14 km § Jakarta-Cikampek II Elevated: 36.4 km
JAVA
BALI
BALI § Nusa Dua-Ngurah Rai-Benoa: 10.00 km
: Beroperasi
: Pembebasan Lahan dan Konstruksi
EAST KALIMANTAN § Balikpapan-Samarinda: 99.35 km
NORTH SULAWESI § Manado-Bitung: 39.9 km
MarketLeaderIndustriJalanTol
SisamasakonsesiMasakonsesitelahterpakai
5
JasaMargamemiliki 31 konsesi ruas jalan tol, dengan rata-rata hak konsesi selama 40 tahun sehingga perusahaanmemiliki pendapatan yang berkelanjutan. 13 konsesi awal diperpanjang masa konsesinya di tahun 2004 dengantambahan40tahun.
2004 2008 2012 2016 2020 2024 2028 2032 2036 2040 2044 2048 2052 2056 2060 2064 Jagorawi Belmera
Semarang Sections A, B, C Jakarta-Tangerang Surabaya-Gempol
Jakarta Inner Ring Road Jakarta-Cikampek
Padaleunyi Prof. Dr. Ir. Sedyatmo Ulujami-Pondok Aren
Palikanci Cipularang
Jakarta Outer Ring Road JORR W2 North
Bogor Outer Ring Road Gempol-Pasuruan
Semarang-Solo Kunciran-Serpong
Cengkareng-Kunciran Surabaya-Mojokerto
Gempol-Pandaan Nusa Dua-Ngurah Rai-Benoa
Medan-Kualanamu-Tebing Tinggi Solo-Ngawi
Ngawi-Kertosono Batang-Semarang Pandaan-Malang
Balikpapan-Samarinda Manado-Bitung
Jakarta-Cikampek Elevated
KonsesiLama
MasaKonsesiJalanTolTerpanjangdiAsia
Konsesilama
ProyekJalanTolBaruJasaMargaper30Juni2017
6
Proyek MasaKonsesi Panjang(km) BiayaInvestasi(triliun) KepemilikanJSMR
Sisa Biaya Investasi
A.BeroperasiPenuh 1 NusaDua-NgurahRai-Benoa(4) 2057 10 2.01 55.0% 2 JORRW2North(partofJORR)(5) 2044 7.7 2.01 65.0%
B.SebagianBeroperasi 3 Gempol-Pandaan(6) 2049 13.61 1.31 92.2% 4 BogorOuterRingRoad(1) 2054 11 4 55.0% 5 Semarang-Solo(partofTransJava)(2) 2055 72.6 7.3 58.9% 6 Surabaya-Mojokerto(partofTransJava)(3) 2049 36.3 4.03 55.0% 7 Gempol-Pasuruan(partofTransJava)(7) 2058 34.15 4.17 98.8%
C.MasaPembebasanLahandanKonstruksi 8 JORR2(Cengkareng-Kunciran) 35tahun 14.19 4.98 76.2% 9 JORR2(Kunciran-Serpong) 35tahun 11.19 2.86 60.0% 10 Medan-Kualanamu-TebingTinggi 40tahun 61.7 4.71 55.0% 11 Solo-Ngawi(partofTransJava) 35tahun 90.1 9.21 60.0% 12 Ngawi-Kertosono(partofJava) 35tahun 87.02 7.05 60.0% 13 JORR2(Serpong-Cinere) 35tahun 10.14 2.57 55.0% 14 Batang-Semarang(partofTransJava) 45tahun 75 11.04 60.0% 15 Pandaan-Malang 35tahun 37.62 5.97 60.0% 16 Balikpapan-Samarinda 40tahun 99.35 9.97 55.0% 17 Manado-Bitung 40tahun 39.9 5.12 65.0% 18 Jakarta-CikampekIIElevated 45tahun 36.4 16.23 80.0%
TOTAL 747.97 104.54 ± 70Triliun
Ket.: (1)Beroperasisejak01Oktober2013.(2)SeksiKebonJeruk-Cileduk(5.70km)beroperasisejak04Januari2014;SeksiCileduk-Ulujami(2.00km)beroperasisejak22Juli2014.(3)SeksiGempol-Pandaan(12km)beroperasisejak12Juni2015.(4)Seksi1:Sentul-KedungHalang(3.85km)beroperasisejak23November2009;Seksi2A:KedungHalang-KedungBadak(1.95km)beroperasisejak04Juni2014.(5)Seksi 1 :Semarang-Ungaran(10.80km)beroperasi sejak 17November2011;Seksi2:Ungaran-Bawen(12.30km)beroperasi sejak 04April2014.(6)Seksi1A:Waru-Sepanjang(2.30km)beroperasi sejak 05September2011,Seksi4:Kriyan-Mojokertoberoperasi sejak 19March2016.(7)Gempol-Pasuruan:SeksiBangil-Rembang(7km)beroperasi sejak 13April2017.
StrategiPendanaan
7
AssetRecycling DebtRecycling
FundRising
• SekuritisasipendapatantoldimukarencananyadiRuasToljagorawi,dengantargetpenerbitansekitarRp1-3triliununtukmemperkuatstrukturmodalmelaluiinstrumennondebt.
• SaatinisedangtahapfinalisasiregistrasiOJK.
Sekuri[sasi
• Obligasi/SukukmelaluiPenawaranUmumBerkelanjutan(PUB)II(2017-2019)sebesarRp19,8triliun(TahapI-2017akanditerbitkansekitarRp7triliun)
• RencanapenerbitanProjectBondsdilevelAnakPerusahaan
ProjectBonds
• Melepassahammenjadi55%darikepemilikansahamsebesar73,91%diRuasTolSemarang-Solo(PTTransMargaJateng)
• Melepassahamminoritassebesar19,1%diRuasTolKebonJeruk-Penjaringan(PTJakartaLingkarBaratSatu)
Divestasi
• PerseroanmembentuksubholdingTransJawauntukmempermudahak`vitasoperasional14RuasTolyangdimilikiJasaMarga&WaskitaTollRoad,dimanaditahun2018rencananyasebagiansahamnyaakandilepaskepublik(IPO)melaluiPTJasamargaTransjawaTol.
TransJavaSub-Holding
Pertumbuhanpenjualanmobilyangfluktua[fdiIndonesia[dakberdampaksignifikanterhadapvolumelalulintasJasaMarga.Namun,peningkatanpenjualanmobilakanberkontribusipadapeningkatanvolumelalulintas.
Note:(1) HargaBBMnaiksecarasignifikanpadaOktober2005,namundampaknyabaruterasapada2006;(2) GAIKINDO:GabunganIndustriKendaraanBermotorIndonesia(TheAssocia`onofIndonesianAutomo`veIndustries).
-
200
400
600
800
1,000
1,200
1,400
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Directimpactoffuelpricehike(1)
Directimpactofeconomic
crisis
EconomicSlowDown
Source:hDp://www.gaikindo.or.id(2)Source:JasaMarga
-
200
400
600
800
1,000
1,200
1,400
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
VolumeLaluLintasJalanTolJasaMarga(Juta) PenjualanMobildiIndonesia(ribukendaraan)
8
JalantolsebagaisalahsatukuncidalamrencanainfrastrukturIndonesia,memainkanperananyangpen[ngdalammenghubungkanantarkotadanjaringandistribusi.Untukmemas[kanrencanainfrastrukturterusberjalan,pemerintahmenjaminketersediaanjalandanruasjalantol.
PertumbuhanVolumeLaluLintas
• Tarif tol awal dihitung berdasarkan kelayakan investasi, kemampuan pengguna jalan tol untuk membayar tol dan penghematan operasionalkendaraan ke`kamenggunakan jalan tol. Kelayakan investasi dihitungberdasarkanes`masi biaya investasi danproyekpendapatan selamamasakonsesi.
• TariftolawaltercantumdalamPPJTsebelumdimulainyakonstruksi.
• PenyesuaiantarifdiaturolehUU,dihitungberdasarkanIndeksHargaKonsumerdandilakukanse`apduatahun.
• PenetapantariftolawaldanpenyesuaiannyaberdasarkanKeputusanMenteriPekerjaanUmum.
Tarif
• Pembebasan lahan adalah tanggung jawab Pemerintah yangdilakukanolehBadanPetanahanNasional.
• Harga tanahditentukanolehpenilai independenberdasarkanhargapasaryangwajar
• Untuk beberapa proyek, Pemerintah mengambil alih biayatanah.
• Pemilik tanah dapat memilih untuk menolak melaluipengadilandanpengadilanharusmenentukandalam30hari.
• Setelah proses transaksi (normal) ataupun melalui putusanpengadilan,makaproyekdapatdimulai.
• Penyelesaianulang(re-seDlement)jugamerupakanpilihan.
• Pemerintahharusmelakukansosialisasisecaratransparandarijauh-jauhhari
• Badan Pertanahan Nasional (BPN) adalah badan yangbertanggung jawab untuk pembebasan lahan untukkepen`nganumum.
PembebasanLahan
9
Pemerintahberkomitmenuntukmemas[kanketersediaanlahandanmengaturskematarifyangwajarbagioperatorjalantol.
DukunganPemerintahyangKuat
10
Semarang-Batang(75km)ProgresKonstruksi30.02%
Semarang–Solo(73km)ProgresKonstruksiSemarang-SalaNga:100%ProgresPembebasanLahanSalaNga-Kertasuro:97.80%
Solo–Ngawi(90km)ProgresKonstruksi:66.85%
Ngawi–Kertosono(49km)ProgresKonstruksi:73.97%
Surabaya–Mojokerto(36.3km)ProgresKonstruksi:90.54%
Gempol–Pandaan(12km)
Gempol–Pasuruan(34.2km)ProgresKonstruksi:72.86%
Pandaan–Malang(37.62km)ProgresKonstruksi:13.51%
Beroperasisebagian
PembebasanLahandanKonstruksi
ProyekJalanTolBaru:PulauJawa
*Dataper30Juni2017
11
BogorOuterRingRoad(BORR)(11km)ProgresPembebasanLahan:
Seksi2BKd.Badak–Yasmin:92.00%ProgresKonstruksi:26.62%
Cengkareng–Kunciran(14.19km)ProgresPembebasanLahan:28.68%
Kunciran–Serpong(11.19km)ProgresPembebasanLahan:86.08%
Serpong–Cinere(10.14km)ProgresPembebasanLahan:45.44%
JakartaCikampekIIElevated(36.40km)ProgresKonstruksi:5.27%
BeroperasiSebagian
Prosespembebasanlahandankonstruksi
*Dataper30Juni2017
ProyekJalanTolBaru:Jabodetabek
12
Medan-Kualanamu-TebingTinggi(61.7km)ProgresKonstruksi:81,51%ProgresPembebasanLahan:87.84%
SUMATRA
KALIMANTAN
Balikpapan-Samarinda(99.35km)ProgresKonstruksi:21.73%ProgresPembebasanLahan:93.02%
SULAWESI
MALUKU
Manado-Bitung(39.9km)ProgresPembebasanLahan:61.05%
*Dataper30Juni2017
ProyekJalanTolBaru:Sumatera,Kalimantan&Sulawesi
13
6,3117,228 7,631 8,832
4,214 4,529
2013 2014 2015 2016 2Q2016 2Q2017
Revenue
36%43% 46% 47% 46%
53%
2013 2014 2015 2016 2Q2016 2Q2017
Opera[ngMargin
54%55% 56%
59%58% 58%
2013 2014 2015 2016 2Q2016 2Q2017
EBITDAMargin
3,3994,007 4,285
5,229
2,463 2,624
2013 2014 2015 2016 2Q2016 2Q2017
EBITDA
508581
510
906
335
543
2013 2014 2015 2016 2Q2016 2Q2017
OtherBusinessRevenue
5,8036,646 7,121
7,926
3,879 3,986
2013 2014 2015 2016 2Q2016 2Q2017
TollRevenue
2,259
3,0733,478
4,166
1,9592,408
2013 2014 2015 2016 2Q2016 2Q2017
Opera[ngIncome NetIncomeMargin
(dalammiliarrupiah)
PertumbuhanPositif
16%20% 19%
21% 21.96% 22.44%
2013 2014 2015 2016 2Q2016 2Q2017
14
KinerjaKeuangandanOperasional2016
Audited 2017RKAP ∆(YoY)
CAPEX(Rp) 9,577.0 19,554.2 104%
Revenue(Rp)(diluarpendapatankonstruksi) 8,832.3 10,286.5 16%
TotalAsset(Rp) 53,500.3 74,818.7 40%
3.603.30
3.053.44
2.56
2013 2014 2015 2016 2017
InterestCoverageRa[o
Covenant:Min1,25
1.75 1.89 1.972.27
2.79
2013 2014 2015 2016 2017
DebtEarningRa[oCovenant:Max5
KapasitasKeuangan
15
Kamal 4 = 61.00% Meruya 1 = 58.94% Meruya 2 = 57.43% Kunciran 1 = 54.24% Jelambar 1 = 50.23% Meruya Utara 4 = 47.17% Kunciran 2 = 47.12%
Pondok Ranji Sayap = 49.44% Pondok Ranji Sayap arah Jakarta = 48.87%
Cikunir 1 & 3 = 72.11%
E-TollCardPenetra[onRate(%)JakartaGreaterArea&E-TollPenetra[on
ManfaatE-toll:
§ BagiPerusahaan:Efisiensiyangtinggipadabebanpengumpulantoldanwaktutransaksiyanglebihcepatuntukmengurangikemacetan.
§ PenggunaTol:Transaksinontunaidanwaktutransaksiyanglebihcepat
2.42%
5.55% 5.17%
9.25%10.92%11.57%
15.61%
24.20%
29.16%
2009 2010 2011 2012 2013 2014 2015 2016 2Q2017
ModernisasiPelayananTransaksi
RencanaTolOperasi2017
16
JalanTolMedan-Kulanamu-TebingTinggiSeksiPerbarakan-SeiRampah
JalanTolSemarang-SoloSeksiBawen-Sala[ga
JalanTolSolo-Ngawi
JalanTolNgawi-KertosonoSeksiNgawi-Saradan
JalanTolSurabaya-MojekertoSeksiSepanjang-Krian
JalanTolGempol–Pasuruan*
210km
JalanTolBeroperasi
25.0 KM
Catatan.*RuasTolGempol-PasuruanSeksiBangil-Rembang(7km)telahberoperasidibulanApril2017.
335.3
543.3
2Q2016PendapatanTol PendapatanUsahaLain
Mengelolatempatis`rahatdanproper`lainnyayangberadadalamkoridorjalantol.
MenyediakanjasapemeliharaanuntukJasaMargadanperusahaanjalantollain
MenyediakanjasapengoperasianuntukJasaMargadanperusahaanjalantollain
JasaPengoperasianTol JasaPemeliharaan Proper[
62.04%
(MilliarRupiah)
17
88%
12%
2Q2017
92%
8%
2Q2016
JasaMargamemilikiAnakPerusahaanbidangusahanontolyangmembukukanpendapatanyangmeningkatsignifikandariQuartal2tahun2016keQuartal2tahun2017sebesar62.04%.
2Q2017
PengembanganBisnisUsahaLain
LAMPIRAN
19
SummaryofIncomeStatements(Milliar)
(FYE 31 Dec)
Y2013 Y2014 Y2015 Y2016 2Q2016 2Q2017 ∆Rp ∆%
Restated Restated (Audited) (Audited) (Unaudited) (Unaudited) (YoY) (YoY)
(Audited) (Audited)
PENDAPATAN*) 6,310.9 7,227.8 7,630.7 8,832.3 4,214.2 4,528.8 314.6 7.5%
Beban tol dan usaha lainnya (3,231.3) (3,562.8) (3,518.0) (4,022.9) (1,935.6) (2,104.5) (169.0) 8.7%
Beban umum dan administrasi (1,087.8) (884.8) (893.3) (949.0) (443.4) (506.9) (63.5) 14.3%
Beban lain-lain (33.5) (20.3) (29.8) (99.0) (19.2) (75.3) (56.1) 291.4% Penghasilan lain-lain 254.7 287.9 272.9 357.1 126.9 511.4 384.5 302.9%
OPERATING INCOME 2,259.2 3,072.7 3,477.7 4,165.5 1,959.1 2,408.2 449.1 22.9% Operating Income Margin 35.8% 42.5% 45.6% 47.2% 46.5% 53.2% N/A 6.7%
EBITDA 3,398.5 4,006.8 4,285.0 5,228.5 2,462.6 2,623.9 161.31 6.6% EBITDA Margin 53.9% 55.4% 56.2% 59.2% 58.4% 57.9% N/A -0.5%
Beban bunga (944.2) (1,215.3) (1,405.0) (1,509.0) (744.9) (970.3) (225.4) 30.3% LABA SEBELUM PAJAK
PENGHASILAN 1,310.6 1,850.7 2,068.3 2,649.7 1,435.8 1,209.2 -226.64 -15.8%
Beban pajak penghasilan (381.9) (613.7) (749.1) (846.6) (334.9) (475.6) (140.8) 42.0% LABA BERSIH 1,027.7 1,421.7 1,466.4 1,889.3 925.5 1,016.1 90.63 9.8%
Net Income Margin 16.3% 19.7% 19.2% 21.4% 21.96% 22.44% N/A 0.5%
*)TanpaPendapatanKonstruksi
20
SummaryofBalanceSheet(Milliar)
(FYE 31 Dec)
Y2013 Y2014 Y2015 Y2016 2Q2017 ∆Rp ∆%
Restated Restated (Audited) (Audited) (Unaudited)
(Audited) (Audited)
Kas dan setara kas 3,514.1 3,290.8 3,323.2 4,124.9 4,844.9 720.0 17.5%
Aset lancar lainnya 274.2 255.0 405.8 8,841 12,492.5 3,651.5 41.3%
Aset tidak lancar 24,276.2 28,314.2 32,995.9 40,534.4 48,474.6 7,940.2 19.6%
TOTAL ASET 28,064.5 31,860.0 36,725.0 53,500.3 65,812.0 12,311.8 23.0%
Liabilitas jangka pendek 4,870.8 4,301.0 7,743.8 18,627.0 15,182.7 -3,444.3 -18.5%
Liabilitas jangka panjang 13,004.4 16,538.2 16,612.5 18,534.5 32,771.4 14,236.9 76.8%
TOTAL LIABILITAS 17,875.2 20,839.2 24,356.3 37,161.5 47,954.1 10,792.6 29.0%
Ekuitas 10,189.3 11,020.7 12,368.7 16,338.8 17,858.0 1,519.2 9.3%
TOTAL LIABILITAS DAN EKUITAS 28,064.5 31,860.0 36,725.0 53,500.3 65,812.0 12,311.7 23.0%
21
VolumeLaluLintasperRuas(jutakendaraan)
Sec[on Branch/Subsidiary 2012 2013 2014 2015 2016 2Q2016 2Q2017∆%
2Q17vs.2Q16
CAGR2012-2016
1 Jagorawi Jagorawi 189.9199.6 201.3 204.2 207.7 102.29 102.34 0.0% 2.3%
2 Jakarta-Cikampek Jakarta-Cikampek 194.9 202.2 206.1 215.0 221.7 110.87 104.31 -5.9% 3.3%
3 Jakarta-Tangerang Jakarta-Tangerang 107.9113.0 119.8 127.4 130.9 64.51 64.35 -0.2% 5.0%
4 Prof.Dr.Ir.SedyatmoCawang-Tomang-Cengkareng
72.1 74.8 76.4 76.2 79.6 38.80 40.60 4.7% 2.5%
5 JakartaInnerRingRoad 205.4 208.3 206.4 208.5 215.3 106.10 106.12 0.0% 1.2%
6 PadaleunyiPurbaleunyi
60.3 58.0 60.0 60.0 61.0 29.80 30.55 2.6% 0.3%
7 Cipularang 5.3 5.9 6.3 6.3 6.5 3.20 3.28 2.4% 5.0%
8 Surabaya-Gempol Surabaya-Gempol 75.5 81.7 82.9 89.6 97.7 47.92 48.86 2.0% 6.6%
9 Semarang Semarang 45.3 48.9 48.1 50.4 51.8 24.79 25.60 3.3% 3.4%
10 Belmera Belmera 21.7 24.0 25.4 24.8 25.8 12.58 13.74 9.2% 4.4%
11 Palikanci Palikanci 19.3 20.2 19.9 23.0 19.0 11.94 7.10 -40.5% -0.4%
12 JakartaOuterRingRoadPTJalantolLingkarluarJakarta
76.1 79.6 84.5 90.7 95.8 46.86 47.67 1.7% -9.0%
13 Ulujami-PondokAren 44.3 46.9 45.1 43.7 46.1 22.50 23.38 3.9% 1.0%
14 BogorOuterRingRoad PTMargaSaranaJabar 11.2 12.5 13.7 15.3 16.5 7.98 7.86 -1.5% 10.1%
15 Surabaya-Mojokerto PTMargaNujyasumoAgung 8.6 11.3 12.1 13.0 15.4 7.34 8.19 11.6% 15.5%
16 Semarang-Solo PTTransMargaJateng 5.0 6.6 15.6 18.7 20.5 9.51 10.67 12.2% 42.6%
17 NusaDua-NgurahRai-Benoa PTJasamargaBaliTol -3.3 14.3 16.5 17.5 8.15 9.18 12.6% N/A
18 JORRW2Utara PTMargaLingkarJakarta -- 14.5 24.7 26.9 12.97 14.65 13.0% N/A
19 Gempol-Pandaan PTJasamargaPandaanTol ---2.8 5.8 2.71 3.20 18.08% N/A
20 Gempol-Pasuruan PTTransJa`mPasuruan - - - - 0.0 0.00 0.05 N/A N/ATOTAL 1,142.81,196.81,252.41,310.81,361.3 670.82 671.70 0.1% 3.1%
**
*
Note:*Adanyaperubahanpolaperjalanandandampakdaripeniadaangerbangtolcikopodikarenakanintegrasicluster1(Cikampek,Padaleunyi,Cipularang,Cikopo-Palimanan)**AdanyaperubahanpencatatanvolumelalinsebagaidampakpeniadaangerbangtolPlumbon3,Plumbon4,danCipernaUtamadikarenakanintegrasiClusterII(Palimanan-Kanci,Kanci-Pejagan,Pejagan-BrebesTimur)
22
PendapatanTol(CabangdanAnakPerusahaan)(Milliar)
Branch/Subsidiary 2012 2013 2014 2015 2016 2Q2016 2Q2017∆%
2Q17vs.2Q16
CAGR2012-2016
1 Jagorawi 508.1 548.2
607.5
620.2
697.0 343.2 341.8 -0.4% 8.2%
2 Jakarta-Cikampek 896.2 976.61,023.41,137.81,232.5 596.6 635.3 6.5% 8.3%
3 Jakarta-Tangerang 379.6 408.0
467.1
507.5
580.7 287.6 331.6 15.3% 11.2%
4 Cawang-Tomang-Cengkareng 1,063.61,110.01,212.31,247.01,412.7 689.5 724.7 5.1% 7.4%
5 Purbaleunyi 924.91,017.41,175.91,197.51,350.6 661.5 624.8 -5.5% 9.9%
6 Surabaya-Gempol 240.8 270.5
309.0
335.8
402.0 200.0 199.8 -0.1% 13.7%
7 Semarang 97.2 104.8
106.5
113.2
136.6 65.6 67.4 2.7% 8.9%
8 Belmera 73.2 81.6
91.3
90.2
105.5 51.8 54.8 5.7% 9.6%
9 Palikanci 100.5 107.5
112.4
133.0
169.5 80.1 86.0 7.4% 13.9%
10 PTJalantolLingkarluarJakarta 1,215.71,055.01,182.41,163.71,010.2 586.0 526.7 -10.1% -4.5%
TOTALPARENTLEVEL 5,499.85,679.56,288.06,545.97,097.3 3,561.9 3,592.9 0.9% 6.6%11 PTMargaSaranaJabar 41.145.667.286.9100.2 46.2 49.0 6.1% 25.0%12 PTJasamargaSurabayaMojokerto 13.4 17.6 18.8 20.1 36.0 15.2 22.0 44.2% 28.0%13 PTTransMargaJateng 27.5 36.5 107.3 129.5 152.8 70.7 80.3 13.6% 53.6%14 PTJasamargaBaliTol - 23.7 106.1 122.7 143.3 66.5 75.2 13.2% N/A15 PTMargaLingkarJakarta - - 59.0 188.0 337.3 90.7 133.0 46.7% N/A16 PTJasamargaPandaanTol - - - 27.8 59.7 27.8 32.8 18.1% N/A17 PTTransJa`mPasuruan - - - - - 0.3 - N/A
TOTALSUBSIDIARYLEVEL 81.9 123.2
358.4
575.1
829.3 317.0 392.6 23.8% 78.4%
TOTAL 5,581.85,802.76,646.47,121.07,926.6 3,878.9 3,985.5 2.7% 9.2%
23
ImplementasiE-TollCard
No. TollRoadSec[on 2009 2010 2011 2012 2013 2014 2015 2016 2Q2017
1 Cawang-Tomang-Pluit 2.46% 5.57% 7.36% 11.69% 13.32% 14.72% 23.54% 36.25% 38.98%(JakartaInnerRingRoad)
2 Prof.Dr.Ir.Sedyatmo(Airport) 2.32% 6.21% 8.11% 12.26% 14.45% 16.35% 23.95% 36.30% 37.71%
3 Purbaleunyi 0.67% 7.36% 17.97% 20.15%
4 Jakarta-Cikampek 1.13% 0.46% 6.78% 8.53% 9.01% 9.31% 17.10% 21.73%
5 Palikanci 0.78% 0.68% 0.75% 2.80% 4.68% 5.45%
6 Jagorawi 3.22% 9.97% 11.80% 14.90% 12.57% 18.83% 21.94%
7 Surabaya-Gempol 3.54% 3.30% 3.05% 7.51% 12.45% 16.20%
8 Semarang 1.59% 1.32% 2.13% 10.27% 18.87% 28.41%
9 JakartaOuterRingRoad 11.78% 14.25% 16.04% 22.33% 30.09% 36.11%
10 Jakarta-Tangerang 8.42% 13.51% 14.72% 20.77% 33.97% 38.65%
11 Belmera 2.29% 2.52% 3.35% 4.36% 16.61% 23.10%
12 BogorOuterRingRoad 5.06% 6.57% 17.25% 22.96% 24.62%
13 Semarang-Bawen 2.44% 12.82% 20.12% 24.13%
14 NusaDua-NgurahRai-Benoa 2.93% 1.95% 3.91% 9.86% 11.58%
15 JORRW2North 30.99% 34.41%
TOTAL 2.42% 5.55% 5.17% 9.25% 10.92% 11.57% 15.61% 24.20% 29.16%
Pada21Maret2016,Pembayaranmelaluie-TollsudahdapatmenggunakankartudariseluruhBankBUMNdiruasJORR,Jakarta-TangerangdanBORR.
ProyekBaruJasaMargaPer30Juni2017
24
Seksi Lokasi Panjang(km)
KepemilikanJSMR(%)
BiayaInvestasi(Rptriliun) PeriodeKonsesi Seksi
AkuisisiTanahper30Juni
2017
Konstruksiper30June2017
A. BeroperasiPenuh
1 NusaDua-NgurahRai-Benoa(1) Java 10 55.0% 2.01 2057
2 JORRW2North(partofJORR)(2) GreaterJkt 7.7 65.0% 2.01 2044
B. BeropersiSebagian
3 Gempol-Pandaan(3) Java 13.61 92.2% 1.31 2049
4 BogorOuterRingRoad(4) GreaterJkt 11 55.0% 4 2054 Sec`on2BKd.Badak-Yasmin 95% 26.62%
5 Semarang-Solo(partofTransJava)(5) Java 72.6 58.9% 7.3 2055 SectionBawen-Salatiga(17.5km)
SectionSalatiga-Kartasuro(29.02km)100%97.8%
100%9.05%
6 Surabaya-Mojokerto(partofTransJava)(6) Java 36.3 55.0% 4.03 2049
Section1A:Waru-Sepanjang(2.3km)Section1B:Sepanjang-WRR(4.3km)Section2:WRR-Driyorejo(5.1km)Section3:Driyorejo-Kriyan(6.1km)Section4:Krian-Mojokerto(18.5km)
100%100%100%100%100%
100%89.72%60.01%66.45%100%
7 Gempol-Pasuruan(partofTransJava)(7) Java 34.15 98.8% 4.17 2058
Sec`on1:Gempol-Rembang(13.9km)Sec`on2:Rembang-Pasuruan(6.6km)Sec`on3:Pasuruan-Gra`(13.65km)
100%98.80%40.60%
98.75%20.85%
-
Ket.: (1)Beroperasisejak01Oktober2013.(2)SeksiKebonJeruk-Cileduk(5.70km)beroperasisejak04Januari2014;SeksiCileduk-Ulujami(2.00km)beroperasisejak22Juli2014.(3)SeksiGempol-Pandaan(12km)beroperasisejak12Juni2015.(4)Seksi1:Sentul-KedungHalang(3.85km)beroperasisejak23November2009;Seksi2A:KedungHalang-KedungBadak(1.95km)beroperasisejak04Juni2014.(5)Seksi 1 :Semarang-Ungaran(10.80km)beroperasi sejak 17November2011;Seksi2:Ungaran-Bawen(12.30km)beroperasi sejak 04April2014.(6)Seksi1A:Waru-Sepanjang(2.30km)beroperasi sejak 05September2011,Seksi4:Kriyan-Mojokertoberoperasi sejak 19March2016.(7)Gempol-Pasuruan:SeksiBangil-Rembang(7km)beroperasi sejak 13April2017.
Seksi Lokasi Panjang(km)
KepemilikanJSMR(%)
BiayaInvestasi(Rptriliun) PeriodeKonsesi Seksi
AkuisisiTanahper30Juni
2017
Konstruksiper30June2017
C. PembebasanLahandanKonstruksi
8 JORR2(Cengkareng-Kunciran) GreaterJkt 14.19 76.2% 4.98 35tahun
Section1Section2Section3Section4
28.68% -
9 JORR2(Kunciran-Serpong) GreaterJkt 11.19 60.0% 2.86 35tahun
86.08% -
10 Medan-Kualanamu-TebingTinggi Sumatera 61.7 55.0% 4.71 40tahun
Tj.Morowa-Parbarakan-Kualanamu(17.8km)Parbarakan-LubukPakam(4.85km)LubukPakam-AdolinaAdolina-PerbaunganPerbaungan-TelukMengkuduTelukMengkudu-SeiRampahSeiRampah-TebingTinggi
99.03%100%100%100%99.32%93.46%45.03%;
66.32%100%100%100%89.57%88.90%
-
11 Solo-Ngawi(partofTransJava) Java 90.1 60.0% 9.21 35tahun
SectionI:Solo-Mantingan(35.15km)SectionII:Mantingan-Ngawi(34.2km)
91.74%94.11%
78.25%57.50%
12 Ngawi-Kertosono(partofTransJava) 87.02 60.0% 7.05 35tahun
SectionI:Ngawi-Magetan(20km)SectionII:Magetan-Madiun(8.45km)SectionIII:Madiun-Saradan(21.06km)
99.45%100%99.51%
71.81%73.21%76.88%
13 JORR2(Serpong-Cinere) GreaterJkt 10.14 55.0% 2.57 35tahun 45.44% -
14 Semarang-Batang(partofTransJava) 75 60.0% 11.04 45tahun
Section1Batang–BatangTimur(3.2km)Section2BatangTimur-Weleri(36.35km)Section3Weleri-Kendal(11.05km)Section4Kendal-Kaliwungu(13.50km)Section5Kaliwungu-Krapyak(10.9km)
100%94.09%78.15%73.38%83.61%
Section1&2:27.22%
Section3:22.88%
Section4&5:36.86%
15 Pandaan-Malang Java 37.62 60.0% 5.97 35tahun
SectionI:Purwodadi-Pandaan(14.92km)SectionII:Lawang-Purwodadi(8km)SectionIII:PakisI-Lawang(7.5km)SectionIV:PakisII–PakisI(4.10km)SectionV:Malang-PakisII(3.10km)
85.02%78.23%96.38%
-41.66%
SectionI-V:10.84%
25
ProyekBaruJasaMarga(lanjutan)Per30Juni2017
Seksi Lokasi Panjang(km)
KepemilikanJSMR(%)
BiayaInvestasi(Rptriliun)
PeriodeKonsesi SeksiAkuisisiTanahper30Juni
2017
Konstruksiper30June
2017
C. PembebasanLahandanKonstruksi(lanjutan)
16 Balikpapan-Samarinda Kalimantan 99.35 55.0% 9.97 40tahun
Balikpapan-Samboja(22km)Samboja-Muarajawa(31km)Muarajawa-Palaran(17.3km)Palaran-Samarinda(18km)Sepinggan-Km13Balikpapan(11.1km)
100%99.61%94.07%86.71%100%
Section2,3&4:18.53%
17 Manado-Bitung Sulawesi 39.9 65.0% 5.12 40tahunRingRoadManado-Sukur(7.9km)Sukur-Airmadidi(7km)Airmadidi-Bitung(25km)
93%56%62%
---
18 Jakarta-CikampekIIElevated GreaterJkt 36.4 80.0% 16.23 45tahun - 5.27%
TOTAL 747.97 104.54
26
ProyekBaruJasaMarga(lanjutan)Per30Juni2017
TERIMAKASIH
PTJASAMARGA(PERSERO)Tbk.PlazaTolTamanMiniIndonesiaIndah,Jakarta13550Indonesia
Tel.:(62-21)8413526,8413630Fax.:(62-21)8413540
E-mail:investor.rela`[email protected]:www.jasamarga.com