Management

Presentation
March 2016
LINES OF BUSINESS

CONSTRUCTION EPC PROPERTY & REALTY MANUFAKTUR PRECAST

Apartment Precast Concrete

Building Power Plant Offices
Airport Industry Condotel
Seaport Oil & Gas
Road & Bridges
Watery Works

PT APG
PMU EPC PT APP PT APB
Construction
Division 1 -7 Division
Property TOD
Div. LRT
Construction Division Hotel
Div. LRT 2
Engineering
 ADHI SHARES OWNERSHIP
8,8%
13,2%

40,2% 35,8% Government of Indonesia Public

51 % 49 %
51,0% 51,0%

Dec 2014 Dec 2015

Government Local Foreign
3
 BOARD OF COMMISIONERS

M. Fadjroel Bobby Achirul Wicipto Setiadi Rildo Ananda Muchlis Rantoni Hironimus
Rachman Awal Nazief Anwar Luddin Hilapok

President Commissioner Commissioner Commissioner Independent Independent

Commissioner Commissioner Commissioner

4
 BOARD OF DIRECTORS

Kiswodarmawan Haris Gunawan BEP Adji Satmoko Djoko Prabowo Budi Saddewa Pundjung
Soediro Setyabrata

President Director Director Director Director Director Director

5
ADHI SHARES PERFORMANCE
3.400
Last price as of March 2: IDR 2,590

3.000
YTD Return : 21,03%

2.600

2.200

1.800

1.400
Feb-15 May-15 Aug-15 Nov-15 Feb-16

ADHI IJ JCI Rebase as of 27-Feb-15

 MARKET SEGMENTATION
100%

90% 16,5%
21,6%
26,9%
32,0%
80% 40,0% 37,1%
41,1%

70%
27,3%
60% 47,8% 18,9%
31,4%
50% 20,4% 25,7%
25,4%
40%

30%
51,1% 49,1%
20% 41,7% 39,6%
35,7% 33,5% 37,2%

10%

0%
2010 2011 2012 2013 2014 2015 2016F
PRIVATE 21,6% 16,5% 26,9% 40,0% 41,1% 32,0% 37,1%
SOE 27,3% 47,8% 31,4% 20,4% 25,4% 18,9% 25,7%
GOVERNMENT 51,1% 35,7% 41,7% 39,6% 33,5% 49,1% 37,2%
TYPE OF WORK
100%

90% 22%
29%
80%
2%
70% 5%
60%
35%
21%
50%

40%

30%
45%
20% 41%

10%

0%
2015 2016F
Other Infrastructure 22% 29%
Dock 2% 5%
Road & Bridge 35% 21%
Building 41% 45%
2016 SALES TARGET
in million rupiah [CATEGORY NAME];
[VALUE]

Properti &
Hotel ;
1.682

Konstruksi & EPC ;

17.663
CONSOLIDATED PERFORMANCE
In million IDR

2015A 2016F
New Contract 13.962 25.064
% Growth 51% 80%
Carry Over 7.758 12.331
Order Book 21.720 37.395
Sales (in tn) 9,4 20,0
Gross Margin 10,4% 12,3%
EBIT Margin 9,4% 8,5%
EBITDA Margin 9,7% 8,8%
EAT Margin 4,94% 3,76%

6
CONSTRUCTION & EPC
In billion IDR
in million rupiah

Construction & 2014 2015 2016F 14.000.000 12.952.088

EPC 12.000.000
10.000.000
New Contract 8.232,0 12.952,1 18,749,3
8.000.000
Sales 8.133,8 9.202,3 16.612,7
6.000.000
Gross Margin 8,1% 8,3% 10,0% 4.000.000
2.000.000
-
 PRECAST CONCRETE
In billion IDR

Precast 2014 2015 2016F

Concrete
New Contract 145,27 227,99 2.350,11
Sales 164,91 149,0 606,8
Gross Margin 20,83% 21,6% 15,4%

in million rupiah
250.000 227.998

200.000 Kapasitas Seluruh (Ton) Produksi Terpakai (Ton)

Nama Produk
Pabrik Sadang Pabrik Mojokerto Pabrik Sadang Pabrik Mojokerto
150.000
Spun Pile 160,130 35,298 138,444 31,650
100.000 CCSP 46,200 12,128 15,925 10,491
Kolom 27,413 - 20,381 -
50.000
PCI Girder - 54,313 - 1,956
- Square Pile 31,680 17,280 - -
FSP 56,100 - - -
Mei-15
Feb-15

Sep-15

Nop-15
Des-15
Jan-15

Jun-15
Jul-15
Mar-15
Apr-15

Okt-15
Agust-15

Pile Cap 26,469 - 5,823 -

Box Culvert 17,417 - 8,170 -
Total 365,409 119,019 188,743 44,097
7
LIGHT RAIL TRANSIT (LRT)

9
1st Phase Construction

10
 PROPERTY
In billion IDR

Property 2014 2015 2016F

Marketing Sales 911.3 784.8 1.825,5
Pendapatan Usaha 858,8 610,6 1.488,2
Gross Margin 35,70% 29,90% 28,25%
Total Land Bank Development (sqm) 394.588
Total Land Bank Next Project (sqm) 50.861 Taman Melati
Total Land Bank (sqm) 445.449 Margonda

in million rupiah
900.000
800.000 784.794
700.000
600.000
500.000 Luas Lahan (m2) 1,740
400.000 Properti Apartemen
300.000
200.000 Luas Gedung (m2) 20,727
100.000
- Saleable Area (m2) 14,968
Total Unit 513

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 PROPERTY
Development

Taman Melati Taman Melati

Yogyakarta Jatinangor
@Sinduadi

Luas Lahan (m2) 4.645

Luas Lahan (m2) 5.239
Properti Apartemen
Taman Melati Properti Apartemen
Luas Lahan (m2) 5.756 Luas Gedung (m2)
Surabaya @Merr 19.459
Luas Gedung (m2) Gross 23.715 Gross
Properti Apartemen
Saleable Area (m2) Semi Gross 25.287 Saleable Area (m2)
Luas Gedung (m2) Gross 53.562 17.849
Semi Gross
Total Unit 897
Saleable Area (m2) Semi Gross 32.240 Total Unit 758

Total Unit 1.130 14

PROPERTY
Development
Grand Dhika City
Bekasi (Cempaka
Tower)
Grand Dhika City
@Jatiwarna
(Emerald Tower)

Luas Lahan (m2) 9.000

Luas Lahan (m2) 5.000
Apartemen
Properti
Apartemen Mixed Use
Properti
Mixed Use Luas Gedung (m2)
32.293
Gross
Luas Gedung (m2) Gross 41.802
Saleable Area (m2)
27.152
Saleable Area (m2) Semi Gross 27.828 Semi Gross

Total Unit 898

Total Unit 793
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PROPERTY
Development
The Taman Dhika
Sidoarjo Kota

Luas Lahan (m2) 8.400

Properti Hunian
Total Unit 35 Luas Lahan (m2) 270,920
The Taman Dhika
Ciracas Properti Hunian
Total Unit 1,218

Luas Lahan (m2) 13.000

The Taman Dhika Properti Hunian
Cinere 16
Total Unit 28
 PROPERTY
Development
Luas Lahan (m2) 23.565
Properti Commercial
Luas Gedung (m2) 37.337
Saleable Area (m2) 25.161

Mandau City
Mall

Luas Lahan (m2) 14.888

Cimone Mall
Properti Commercial
Luas Gedung (m2) 49.379 Luas Lahan (m2) 16.000
Grand Dhika
Saleable Area (m2) 22.834 Commercial Properti Commercial
Estate
Luas Gedung (m2) 9.606
Saleable Area (m2) 8.858
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PROPERTY
Development

Perkantoran
Taman Melati
Margonda 18 Office Park

Luas Lahan (m2) 12.400

Luas Lahan (m2) 4.035 Properti Office
Properti Office Saleable Area (m2) 7.200
Saleable Area (m2) 3.600
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PROPERTY
Next Project

Taman Melati
Yogyakarta
@Sardjito
Grand Dhika Mansion
@Pejaten Tahap I dan II

Luas Lahan (m2) 4.941

Properti Apartemen Luas Lahan (m2) 22,042

Luas Gedung (m2) 34.430 Properti Hunian

Saleable Area (m2) 21.715 Total Unit 400

Total Unit 721 19

PROPERTY
Next Project

Taman Melati
Mardhika Park
Malang @Dinoyo

Luas Lahan (m2) 15,500

Properti Apartemen
Luas Gedung (m2) Gross 58.447
Luas Lahan (m2) 4.841
Saleable Area (m2) Semi Gross 49.680
Properti Apartemen
Total Unit 2,160
Luas Gedung (m2) Gross 29.833
Saleable Area (m2) Semi Gross 28.480
Total Unit 971 20
PROPERTY
Next Project
Taman Melati
Margonda 3

Luas Lahan (m2) 3.537

Properti Apartemen
Luas Gedung (m2) Gross 32.516
Saleable Area (m2) Semi Gross 22.920
Total Unit 882 21
 HOTEL Hotel Grandhika
Semarang

Hotel Grandhika
Blok M

Luas Lahan (m2) 2.346

Properti Hotel
Luas Gedung (m2) 12.597
Guest Room Unit 161

Hotel Grandhika
Medan

Luas Lahan (m2) 2.700

Properti Hotel
Luas Gedung (m2) 21.883 Luas Lahan (m2) 3.618
Guest Room Unit 241 Properti Hotel
Luas Gedung (m2) 10.231 22
Guest Room Unit 123
FINANCIAL HIGHLIGHT

Revenue (Rp billion) Gross Profit (Rp billion)

25.000
3.000
19.951 2.447
20.000 2.500
2.000
15.000
9.800 9.390 1.500 1.193
10.000 8.654 956 998 975
6.695 7.628
1.000 734
5.000 500

- -
2011A 2012A 2013A 2014A 2015A 2016F 2011A 2012A 2013A 2014A 2015A 2016F

EAT (Rp billion)

800 750
700
600
500 464
408
400 329
300 212
182
200
100
-
2011A 2012A 2013A 2014A 2015A 2016F
 FINANCIAL HIGHLIGHT
Total Asset (Rp billion) Total Liability (Rp billion)

30.000 25.000
24.903
25.000 19.192
20.000

20.000
16.378 15.000
15.000 11.562
9.721 10.549 10.000 8.261 8.818
10.000 7.872 6.795
6.113 5.123
5.000 5.000

- -
2011 2012 2013 2014 2015 2016F 2011 2012 2013 2014 2015 2016F

Total Equity (Rp billion)

6.000 5.711
5.176
5.000
4.000
3.000
2.000 1.460 1.641
990 1.077
1.000
-
2011 2012 2013 2014 2015 2016F
 FINANCIALRATIO

Gearing Ratio (X) Net Gearing Ratio (X)

1,6
1,4 1,0 0,9
1,4
1,2 0,8
1,2
1,0 0,9 0,6
0,8 0,7
0,6 0,4
0,6 0,5
0,2 0,1
0,4
0,2 -
- (0,2) 2011A 2012A 2013A 2014A 2015A 2016F
2011A 2012A 2013A 2014A 2015A 2016F (0,0) (0,2)
(0,4) (0,2)

(0,6) (0,4)
 PT Adhi Karya (Persero) Tbk.

THANK YOU
Visit us at www.adhi.co.id

For further information please contact:

Ki Syahgolang Permata, Corporate Secretary
P. +62 21 797 5312 F. +62 21 797 5311 E. adhi@adhi.co.id

Disclaimer:
Important Notice
 This document was prepared solely and exclusively for the parties presently being invited for the purpose of discussion. Neither this
document nor any of its content may be reproduced, disclosed or used without the prior written consent of PT Adhi Karya (Persero)
Tbk.
 This document may contain statements that convey future oriented expectations which represent the Company’s present views on
the probable future events and financial plans. Such views are presented on the basis of current assumptions, are exposed to various
risks and are subject to considerable changes at any time. Presented assumptions are presumed correct, and based on the data
available on the date, which this document is assembled. The company warrants no assurance that such outlook will, in part of as a
whole, eventually be materialized. Actual results may diverge significantly from those projected. The information in this document is
subject to change without notice, its accuracy is not verified or guaranteed, it may be incomplete or condensed and it may not
contain all material information concerning the Company.
 None of the Company, PT Adhi Karya (Persero) Tbk. or any person connected with any of them accepts any liability whatsoever for
any loss howsoever arising from any use of this document or its contents or otherwise arising in connection therewith.

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