sinar mas overview,
DESCRIPTION
Status June 2014TRANSCRIPT
Introduction to and Overview of
Sinar Mas
1
Shared corporate values
Integrity
Positive Attitude
Commitment
Continuous Improvement
Innovative
Loyal
“Be a man of integrity,
be responsible to your
family, job and society.” Eka Tjipta Widjaja
Our Founder
2
Explaining the Sinar Mas name
The name Sinar Mas means Golden Ray. It is inspired by the
golden ray shining endlessly, giving light and life.
Sinar Mas is a brand name that is used by companies that are independently
managed but share a common history and corporate values
3
1938
Our Journey
1968
1972
1982
1986
1996 2006
2013 2005
Eka Tjipta Widjaja
started his
entrepreneurial
journey in
Makassar at the
age of 15
Established
a soda chemical
factory, Tjiwi
Kimia which later
became Sinar
Mas’s first paper
factory
PT Dian
Swastatika
Sentosa was
founded to supply
electricity to
APP’s
manufacturing
facilities
PT Smart Telecom
was established
Sinar Mas to
celebrate its 75th
Anniversary
Built the first
copra cooking oil
refinery, BIMOLI,
Bitung Manado Oil
Ltd. In North
Sulawesi
PT Internas Artha
Leasing Company
was founded,
evolving into an
integrated
financial services
company
Sinar Mas
Forestry started to
manage its first
plantation forest
Bank Shinta was
acquired which
officially became
Bank Sinarmas in
2006
1930 1940 1950 1960 1970 1980 1990 2000 2010
1972
Started property
development
business with PT
Duta Pertiwi
1950s
Mr E. T. Widjaja
was successfully
trading vegetable
oils such as Copra
(coconut) and
palm oil
4
pulp and paper products real estate and development
telecommunications
All Sinar Mas businesses are committed to the highest business, environment and social
standards for sustainable, inclusive growth.
It is today one of Asia’s leading enterprises, consisting of 6 main business pillars and also
undertaking important initiatives in healthcare and education.
In total Sinar Mas creates 380,000 jobs and supports 500,000 additional jobs in Indonesia
Sinar Mas business pillars
5
Teguh Ganda Wijaya
Pulp & Paper
6
Asia Pulp and Paper, APP
One of the world’s
leading pulp and paper
producer
10 million tons of capacity per year
Pulp & Paper Mills in Indonesia
Zero-deforestation policy
Sales in more than 120 countries Source: Annual Report 2013, combined
data of producers under APP Brand
7
PROPER Recognitions 2013 – December 10th
Of APP as announced by the Minister of
Environment, Prof. Dr. Balthazar Kambuaya
Awards and recognition
Primaniyarta Award - Trade Ministry Award
For the most successful Exporting company
Green Industry Awards 2013 – November 26th
For Level 5 Category, the highest level by the
Minister of Industry, Mr. MS Hidayat
Non-Deforestation policy
announcement - 5 February 2013
Forestry Minister
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Agribusiness & Food
Franky O. Widjaja
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Agribusiness & Food
6.6 billion $US in revenues
9% of Indonesia’s total output
471,000 HA planted (<5% of total area)
2.77 million tons of palm products
Among highest yield in the world:
5.6 Tonnes CPO per HA per year
Indonesia’s largest palm-
based agro-business is
committed to ensure
applying its Forest
Conservation Policy
throughout the supply chain Source: GAR Financial results 28Feb14
10
For a third year, SMART received the
Primaniyarta Award from the Ministry of
Trade of the Republic of Indonesia as an
extraordinary exporter.
Awards and recognition
Entrepreneur of The Year 2011
from Enterprise Asia
The Gold Standard Award for
Communicator of The Year 2012
was presented in Hong Kong
Representing Conservation
International, a reputable USA based
environment NGO, Harrison Ford met
with Pak Franky Widjaja to discuss GAR-
SMART's activities as a global front
runner on zero deforestation, sustainable
palm oil (SPO)
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Real Estate & Development
Muktar Widjaja
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New town development, resorts, hotels, industrial and commercial estates with projects in
Indonesia, China, Singapore and Malaysia. Some 10,000 hectares land bank in Indonesia
Sinar Mas Land : 2.8 billion $US in Assets, 563 million $US in Revenues (Annual Report 2013)
Real Estate & Development
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Awards and recognition
14
Financial Services
Indra Widjaja
15 Source: 2012 Annual reports
Integrated Financial Services
SM MultiFinance: 4 billion $US in assets, 1.5 billion $US in revenues
Bank Sinarmas: 1.4 billion $US in assets, 136.6 million $US in revenues
Multiartha employs 14,396 people and has
1,152 offices in Indonesia
#1 life and general insurance company
381 branch offices in 156 Indonesian cities
Source: Annual Report 2013
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“Best Sharia 2013
Category Total Asset < Rp 1 trillion“
Investor Magazine
Ranked 3rd
“Good Corporate Governance”
Anugerah Perbankan Indonesia
2013
Awards and recognition
Ranked 2nd
“Corporate Social Responsibility”
Anugerah Perbankan Indonesia
2013
17
CDMA based wireless
connection focusing on
providing fast and secure
voice and data transfer
services in Indonesia
11 million subscribers
From 600 to 1,000 base transceiver stations in 2014
Best buy phone 2012 in Indonesia
Best CDMA phone 2012 and 2013 in Indonesia
Best CDMA operator 2012 and 2013 in Indonesia
Telecommunications
Source: Smartfren 2013
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DSS, Dian Swastatika Sentosa
4 Business groups:
-Mining & energy
-Chemical trading
-Infrastructure and
-Multimedia
Production of 5.3 million tons of coal, 1.3 million MWh electricity
1.2 Billion $US in Assets, 630 Million $US in Revenues
Building a 2 x 150 MW power plant (400 million $US)
Energy and Infrastructure
Source: Annual Report 2013, DSS
19
DSS Strategy
Investments in renewable energies, incl. Bio-Fuel
Reduction of energy consumption
Maximising Green in, around all production sites
Good Corporate Governance (transparency, global
reporting initiative, whistleblowing system)
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Sinar Mas President Office
Gandi Sulistiyanto
21
President Office
Coordinates, oversees and supports Diplomacy and Advocacy
activities of the business pillars
Business Pillars
President Director, Managing Directors Aligning Business
Objectives and Corporate Sustainability Values
Save the PLANET, Work Group (to organize, recommend and
carry out key Initiatives)
PROFIT & Growth for Better
Indonesia, Work Group (to organize,
recommend and carry out key Initiatives)
Board of Trustees
Shareholders. Final Approval of All Major Initiatives
Corporate Forum
Responsible to supervise the creation, implementation and communication of Sustainability Strategies and Values, as well
as the Integration of strategies and values into all the businesses
Serve the PEOPLE, Work Group (to organize, recommend and
carry out key Initiatives)
Advisory Board Enhance Global Credibility and
Presence
• Promote Education
• Support start-up businesses
•Community Empowerment
• Job Training
•Cooking Oil Bazaar (BMG)
• Wakaf Al Qur’an
•Protect Forests and support Reforestation
•Protect Wildlife and Indonesia’s Bio-diversity
•Enhance eco-friendly activities
• Promote, preserve Indonesia’s culture & art
• Museum of Sinar Mas founder ETW
Corporate organisation
• Involve Sinar Mas to develop global solutions
• Support bringing together Indonesian, regional
and global views and opinion leaders
•Promote Sinar Mas to lead research and debate
in critical economic, social, environmental topics
22
Environment Education Healthcare
Other initiatives supported
Others
Yayasan Buddha Tzu Chi
also provides assistance
incase of disaster, character
building (Cinta Kasih)
23
Floating Clinic – Riau,
Sumatera
Agribusiness & Food
Real Estate & Development
Regularly created Cheap
Oil Bazaar
Financial Services
Clean river rehabilitation-
Cikapundung-Garut
Telecommunication
SMART Life – learning
education for internet
Social initiatives undertaken
Energy and Infrastructure
Literacy Training
at Banjarsari Village
Pulp & Paper
Urban Park – Taman Kota
In BSD
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Supports the education of children
SMART manages 104 primary,
secondary schools with over 21,000
students and 1,226 teachers.
We also subsidise government schools,
extending outreach to +35.000 students
Source: ETF and SMART Tbk May 2014
A responsible employer creating
jobs for sustainable livelihoods
380,000 jobs created directly
500,000 additional indirectly
Ensuring health & safety standards
Member of Global Compact, Sedex
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Sinar Mas is one of Asia’s leading businesses
Committed to the highest technical, environmental and social standards
Operating according to Good Corporate Governance principles