Company Presentation

PT Waskita Karya (Persero) Tbk.

Company Overview
Brief Overview Vision & Mission

• PT Waskita Karya (Persero) Tbk, ticker code : WSKT:IJ, is Indonesia’s Vision:

largest state-owned construction company engaged in 5 business lines; To become Indonesia’s reliable and sustainable company in the field of
construction services, toll road investment, precast concrete, realty and integrated construction and investment
other infrastructure investment.
• Waskita Karya was first established as a foreign company named Mission:
Aannemings Maatschapiij N,V, Then became nationalized as State
To increase suistanable corporate value through :
Owned Company in 1961.
1. Enhancing integrated system and technology
• Listed in Indonesia Stock Exchange in December 2012 by issuing new
2. Building a solid financial foundation
shares amounting IDR 1,2 Trillion.
3. Implementing excellent Enterprise Risk Management
• Issued new shares in June 2015 through Rights Issue with the total IDR
4. Establishing competent and superior human resources
5.298 Bio :
5. Achieving a balanced portfolio through new business investments
- Government Capital Injection IDR 3.499 Bio
- Public IDR 1.798 Bio
Corporate Values
• Issued new shares of PT Waskita Beton Precast Tbk through IPO in
Indonesia Stock Exchange on 20 September 2016 with the total proceed
amounting IDR 5,2 Trillion. A Amanah
Trustworthy L Loyal
Loyal

K Kompeten
Competence
A Adaptif
Adaptive

H Harmonis
Harmony K Kolaboratif
Collaborative

2
 Management
Board of Commissioners

Badrodin Haiti M. Fadjroel Ahmad Erani T. Iskandar Muradi Bambang Setyo Dedy Syarif Usman
Rachman Yustika Wahyudi
President Independent
Commissioner/ Commissioner Commissioner Commissioner Commissioner Commissioner Commissioner
Independent Commissioner
Board of Directors

Destiawan Taufik Hendra Hadjar Seti Adji Arijanti Erfin I Ketut Pasek Bambang Rianto Gunadi
Soewardjono Kusuma Senjaya Putra

President Director Director of Finance Director of HCM and Director of QSHE and Director of Operation I Director of Operation II Director of Operation III
and Risk Management System Development Business Development

3
Shares Ownership
As of 31st December 2020

Foreign Institution
3,96%

Domestic Institution
14,42%

Foreign Individual
0,10%

Domestic Individual
15,48%

Government of Republic
of Indonesia
66,04%

4
 Business Line
Investment Construction Manufacture

Infrastructure Non-Toll Steel Fabrication

Toll Road Realty Construction Precast & Readymix
Road

• Build and Operate Realty and Property Develop infrastructure Civil, EPC, and Building • Listed in IDX on 20 Steel fabrication in
Toll Roads Development, focusing projects including : construction including : September 2016 by Cikande, Banten.
• Engage in 16 on highrise building • Power plants • Airport issuing new shares Producing steel
sections in Java & and landed house for : • Water treatment • Harbour amounting IDR 5,2 transmission tower and
Sumatera • Hotel facility • Road/Highway Trillion. toll road guardrail with
• 12 Toll roads are • Apartment • Pipelines • Railway • Produce high capacity of 4.000 ton /
operating and 4 in • SOHO • Etc • Bridges quality concrete month.
construction phase. • Office • Highrise building products including:
• Mixed Use • Power plants • Girder
• etc • Spun Pile
• Box Culvert
• Sheet Pile
• Etc

5
 Group Structure
Public Government
33,96% 66,04%

PT Waskita Karya (Persero) Tbk

59,99% 81,48% 20,00% 20,00% 12,50%

99,99% 99,99%

PT Waskita Beton Precast Tbk PT Waskita Toll Road PT Waskita Karya Realty PT Waskita Karya PT Prima Multi PT PP Sinergi PT Jasamarga
Infrastruktur Terminal Banjaratma Jogja Bawen

99,99% 98,18% 75,00% 60,00% 60,00% 99,82% 55,00% 90,00% 60,00% 60,00% 94,70% 99,99%

PT Trans PT Waskita PT Waskita PT Tol Teluk PT Pemalang PT Waskita PT Cibitung PT Cimanggis PT Waskita PT Waskita Fim
Jabar Sriwijaya Tol Bali Balikpapan Batang Bumi Wira Tanjung Priok Cibitung Modern Perkasa Realti PT Waskita Sangir PT Waskita Wado
Tol Mandara Tol Road Port Tollways Realti Energi Energi
Tollways

39,50% 35,00% 40,00% 30.00% 15,00% 18,20% 69,70%

25,00%

PT Waskita Transjawa PT Hutama PT Citra Karya PT Citra PT Kresna

PT Cinere PT Jasamarga PT Hotel Karya
Toll Road Marga Waskita Jabar Tol W aspphutowa Kusuma
Serpong Jaya Semarang Indonesia
Dyandra Marga
Batang

99,99% 77,69% 99,99%

PT Pejagan PT Semesta PT Trans-Jawa Paspro

Pemalang Tol Marga Raya Jalan-Tol
Road
22,31%
6
Business Portfolio

8
Total Contract
Total Project Managed Total On Going Project
Based on Locations
108 Projects
As of 31st December 2020

Sumatra
Kalimantan
46 8 Sulawesi Papua

11 1
2020 Project Managed
Compositions (in USD)
Java & Bali
41 Nusa
Tenggara
1
1,9
4,6 Billion
2,7 Billion
Billion Infrastructure Infrastructure Building EPC &
Connectivity Water Resources Project Subsidiaries

49% 11% 15% 25%

Carry Over
New Contract

12
 Business Process
WTR, WKR & WKIcontribute new
contracts for construction service Participating in conventional
through investment construction tender held by Govt,
2 SOE, and Private entity
Improved equity will be used to
invest in new toll road and non Conventional
1
toll road infrastructure projects Tender

Investment

7 Construction 3
Supply Materials

WSBP and WKI will provide

precast and steel materials to
5 4
support the construction projects

Toll road divestment to

improve WSKT’s equity

Toll Road Delivery to Owner

Divestment 6
Toll Road Operations
Notes : Handing over completed projects
WSBP : PT Waskita Beton Precast Tbk WTR will operate the toll road to respective owners in timely
WTR : PT Waskita Toll Road for a brief period before manner
WKR : PT Waskita Karya Realty entering divestment process
WKI : PT Waskita Karya Infrastruktur

9
Financial Performance

19
 Financial Performance
Total Asset (USD Billion) Total Equity (USD Billion)
9,21
2,14
7,25 7,44
1,69
4,55 1,18 1,24 1,17
2,25

FY 16 FY 17 FY 18 FY 19 FY 20 FY 16 FY 17 FY 18 FY 19 FY 20

Total Interest Bearing Debt (USD Billion) Net Income (USD Million)
3,61
3,35 342,22
318,67
2,33
1,76
1,05 134,3
77,56 76,22

FY 16 FY 17 FY 18 FY 19 FY 20 FY 15 FY 16 FY 17 FY 18 FY 19

BIGGEST ASSET AMONG ITS PEERS STRONG REVENUE ACHIEVEMENT 11

WSKT has the biggest asset and equity among its competitors in In the last 5 years WSKT recorded the highest revenue achievement
construction sector thus ensuring financial capability to finish every driven by solid order book
project
www.waskita.co.id
Experience List

LIST EPC PROJECTS PROJECT TYPE TOTAL CONTRACT AMOUNT

(in USD Million)
Hydro Power Plant 5 107
Hydro Power Plant

Coal Fired Power Plant Coal Fired Power Plant 11 100

8
5 Piping Oil and Gas Piping Oil and Gas 1 1,8
Fertilizer Plant
Fertilizer Plant 1 12,1
2 Cement Silo Plant
11 Cement Silo Plant 5 29
3 Chemical Plant

Transmission Line Chemical Plant 1 6,9

5
11
1 5 Substation Transmission Line 5 701
Port
Substation 3 48
SPAM
Port 2 114
* In Million
SPAM 8 39
Grand Total 42 1.159

12
Project Experience

26
 No Project Picture Project Name Project Value Project Period
1 LRT South Sumatera IDR 6.172.732.104.563 2016 - 2019
USD 431.916.318,26
BUILDING PROJECT

2 Istiqlal Mosque IDR 511.394.401.000 2019 - 2020

Renovation USD 35.783.115,66
Construction Work

3 Nines Plaza & IDR 676.199.727.272 2018 - 2020

Residence USD 47.314.818,08
Construction
(Structural,
Architectural, MEP
Works)
 No Project Picture Project Name Project Value Project Period
1 Margatiga Dam IDR 495.698.840.000 2017 - 2021
WATER INFRATRUCTURE PROJECT
USD 34.684.871,19

2 Way Sekampung Dam IDR 490.799.887.500 201 - 2020

in Pringsewu district USD 34.34
(Package 2), Lampung 2.083,35

3 Tapin Dam IDR 373.792.968.346 2015 - 2019

USD 26.154.914,87
 No Project Picture Project Name Project Value Project Period
NON-WATER INFRATRUCTURE PROJECT
1 Design & Build IDR 5.780.476.620.000 2016 - 2020
Package 1: Semarang - USD 404.469.550,47
Batang Toll Road (STA.
375+000 - STA.
449+200)

2 Kayu Agung - IDR 5.345.095.157.600 2016 - 2018

Palembang - Betung USD 374.005.186,38
Toll Road Package II
Section 1: STA.
13+400 - STA 33+500

3 Cibitung - Cilincing IDR 5.083.576.933.373 2017 - 2020

Toll Road STA. -0+440 USD 355.706.321,85
- Sta. 30+200 and STA.
32+800 - STA. 33+618
 No Project Picture Project Name Project Value Project Period
NON-WATER INFRATRUCTURE PROJECT
4 Jakarta - Cikampek II Elevated IDR 13,252,764,698,725 2017 - 2020
Toll Road (Design & Build) USD 998,550,686
Section Cikunir – Karawang
Barat (STA 9+500 - STA
47+500) including on/off
ramp in interchange of
Cikunir and Karawang Barat

5 Bekasi - Cawang - Kampung IDR 1,323,410,601,920 2014 - 2019

Melayu (Becakayu) Toll Road USD 109,057,322
Construction Section 1 (Sta
1+011 - Sta 11+501)
 No Project Picture Project Name Project Value Project Period
1 500 KV Transmission IDR 3.497.090.241.600 2015 - 2021
in Sumatra Island USD 244.697.212,87
Package 1, New Aur
Duri – Peranap
EPC PROJECT

2 500 KV Transmission IDR 2.547.766.124.550 2015 - 2018

in Sumatra Island USD 178.271.427,57
Package 2, Peranap –
Perawang

3 Wado Hydroelectric IDR 716.732.000.000 2017 - 2019

Power Plant in USD 50.150.928,53
Sumedang Regency,
West Java Province
 No Project Picture Project Name Project Value Project Period
1 Burj View AED 32,028,846 2007 - 2008
Development plot 85, USD 8.719.840,51
OVERSEAS PROJECT
Dubai

2 Legend Plaza AED 35,966,888 2008

Residential USD 9.791.970,87
Apartement, Dubai

3 Abu Dhabi Financial AED 96,498,901 2008 - 2009

Centre - Podium & USD 26.271.787,20
Stock Exchange
 No Project Picture Project Name Project Value Project Period
4 Abu Dhabi Financial AED 109,719,906 2008 - 2009
Centre - Tower 4 USD 29.871.200,52
OVERSEAS PROJECT

5 Riyadh Techno Valley & SAR 50,144,694 2009 - 2010

Building Administration USD 13.366.369,05
College

6 King Saud University, SAR 16,758,176 2011

Fitness College, Riyadh USD 4,466,992,36
 No Project Picture Project Name Project Value Project Period
7 King Abdullah Financial SAR 143,201,431 2010 - 2012
District, Parcel 2.11 & USD 38.171.200,64
OVERSEAS PROJECT
Parcel 2.12, 24 floor,
Riyadh

8 King Abdullah Financial SAR 79,297,838 2011 - 2012

District, Parcel 1.09, USD 21.137.314,51
31 floor, Riyadh

9 King Abdullah SAR 58,964,274 2013 - 2016

Increasing Mataf USD 15.717.281,02
Capacity, Mecca
 No Project Picture Project Name Project Value Project Period
10 King Abdullah Aziz SAR 39,048,285 2013 – 2015
International Airport – USD 10.408.554,66
OVERSEAS PROJECT
KAIA Project, Deck Slab
Elevated Road Bridges,
Jeddah

11 King Faisal Specialist SAR 30,046,600 2015 - 2017

Hospital & Research USD 8.009.101,51
Centre, Jeddah

12 Upgrading of Existing IDR 879.985.469.350 2014 - 2016

Suai Airport, Suai USD 61.463.517,01
 No Project Picture Project Name Project Value Project Period
13 Improvement / USD 45,001,108.95 2014 – 2020
Rehabilitation And
OVERSEAS PROJECT
Maintenance Of
Oecusse Roads &
Bridges, Oecusse

Experienced in Connectivity Infrastructure

Development & Construction in Overseas
Signature Projects in Connectivity
Infrastructure Development & Construction
in Indonesia at a Glance

“DEDICATION TO BUILD THE NATION”

Bekasi – Cawang –
Kampung Melayu
Toll Road, Jakarta

Bakauheni –
Terbanggi Besar Toll
Road,
Lampung
Medan –
Krian Legundi Bunder Manyar Toll Road
East Java Kualanamu
–
Tebing Tinggi
Toll Road,
North Sumatera
 Cimanggis-Cibitung Nusa Dua – Benoa
Toll Road, Toll Road,
West Java Bali

Medan – Kualanamu – Tebing Salatiga -Kartasura

Tinggi Toll Road, North Toll Road,
Sumatera Central Java

Kalikuto Bridge, Merah Putih Bridge,

Central Java Ambon

Kelok 9 Bridge, Pedamaran Bridge,

West Sumatera Riau
 Ngurah Rai Airport Kertajati
interior, Bali Airport,
West Java

Terminal 2 Juanda
International APT Pranoto
Airport, East Java Airport, South
Kalimantan

Terminal 3 Soekarno
Hatta International
Airport, Banten
 Suralaya Port, Port of Penajam,
Banten East Kalimantan

Noahtu Shipyard,
Lampung
Panjang Port,
Lampung
LRT Palembang,
South Sumatera
The First LRT in Indonesia
Trusted by the Ministry of Transportation of the Republic
of Indonesia, Waskita has successfully develop the first
ever LRT in Indonesia. Located in Palembang, South
Sumatra, LRT Palembang is one of National Strategic
Project with 23,4 km of length and 13 LRT stations.

SOEKARNO – HATTA
AIRPORT TRAIN
RAILWAY TRACK
CONNECTING FROM SHIA
(AIRPORT) TO THE HEART OF
JAKARTA
BI Office Building Plaza Mandiri
Jakarta Jakarta

High Rise Building Projects

Niaga Tower
Jakarta
Indonesia Supreme Court
Jakarta
 HOTELS & RESIDENTIALS

Shangri LaHotel Brooklyn Soho & Apartment

Aryaduta Hotel
Jakarta Banten
Jakarta

Wisma BNI 46
The “Pen”
Dominating the skyline of Jakarta, the 262 meter
skyscraper is one of the most iconic building in
Indonesia. Designed by Zeidler Partnership Architects,
Waskita Karya in collaboration with Societe Auxiliaire
d’Enterprises were trusted to build this masterpiece in Kemayoran Athletes
1992. Village Jakarta
 Other Buildings
Projects
Not only an expert in high rise buildings. Waskita
Karya has experience to build other projects such
as Aquatic Stadium in Jakarta, University of
Indonesia building, 2004 Tsunami Memorial
Museum and Baiturrahman Mosque in Nangroe
Aceh Darussalam.

Batakan Stadium
Home of the Home of the Persiba Balikpapan Football Club, the
stadium filled by 40,000 loyal fans during matchday and
easily one of the best football stadium in Indonesia. The
“Sun Bear” stadium proposed to be one of the venue to host the
2020 U-20 World Cup
 Cahya Kawaluyan Hospital, Semen Padang Hospital,
West Java West Sumatera

State University of Pasar Minggu

Makassar, South Sulawesi Hospital,
Jakarta
 01

Sumatera 500 KV Electricity Trans-

01
Raknamo Dam

02
02

mission Jambi & Riau

Lhokguci
Dam

03
03
Karian
Dam

04 04
Gondang Dam Started in 2015, the project is one of the longest transmission
line ever built in Indonesia and is a monumental masterpiece of
Waskita Karya.
918 transmission towers span for more than 350 KM from Jambi
to Riau province and will be ready to support electricity
distribution program in Sumatera Island.
 Malinau Steam Muara Karang Steam
Power Plant, North Power Plant, Jakarta
Kalimantan

Barru Steam Power Plant

2x50 MW, Semarang
South Sulawesi Steam Power Plant,
Central Java
Subsidiaries

26
Toll Road Investment
Jakarta
• Bekasi - Cawang - Kp Melayu (16 km)
842 KM
North Sumatra • Cimanggis - Cibitung (25 km) Toll Road
• Kuala Tanjung - Tb Tinggi - Parapat (143 km) • Cibitung - Cilincing (34 km) Concession Length
• Depok - Antasari (22 km)
• Cinere - Serpong (10 km)

± USD 11,4 Billion

Total Investment
Central Java
South Sumatra • Kanci - Pejagan (35 km)
• Kayu Agung - Palembang - Betung (112 km) • Pejagan - Pemalang (58 km)
• Pemalang - Batang (39 km) ± USD 2,4 Billion
• Batang - Semarang (75 km) Equity Portion
• Yogyakarta – Bawen (76 km)

West Java

Construction Phase • Ciawi - Sukabumi (54km) East Java

• Cileunyi - Sumedang - Dawuan (60 km) • Pasuruan - Probolinggo (44 km)
Fully Operating
• Krian - Legundi - Bunder - Manyar (38 km)
Partial Operating

36
Traffic Comparisons FY19 vs FY20
Total Traffic Volume
• During the large scale social distancing
10,1 measures ”PSBB”) (April-June 2020) toll roads
8,8
traffic decreased by almost 50% from the
7,7
7,1 average normal daily traffic.
6,2 6,5
• During the new normal or PSBB transition to
end of year 2020, toll road traffic has returned
2,7
back to normal
1,2
• Toll road operational in 2020 :

Kanci - Pejagan Pejagan Pemalang Cimanggis - Cibitung

o Kayu Agung – Palembang – Betung Toll
Kayu Agung - Palembang -
- Pemalang - Batang Betung Road (March 2020)
7,9 o Depok – Antasari Toll Road (August 2020)
6,5 o Cimanggis – Cibitung Toll Road (November
6,0
2020)
4,1 o Krian – Legundi – Bunder Toll Road
3,2 3,1
(December 2020)

0,1

Pasuruan - Probolinggo Bekasi - Kp Melayu Ciawi - Sukabumi Krian - Legundi - Bunder - Manyar

(In Million Vehicle Per Year)

2019 2020

37
Realty Investment
• All realty investment are carried out by PT Waskita Karya Realty
• Focusing on high rise building (residential), superblocks, and landed house
• PT Waskita Karya Realty has 2 major brands : Vasaka (Residentials / Superblock) and Teraskita (Hotels and
Offices)

Investment
No Project Location Area Usage
Value
(in USD Mio)
1 Teraskita Hotel Jakarta Jakarta 0,3 Ha 23 Hotel & Office

2 Teraskita Hotel Bandung Bandung 0,2 Ha 8,9 Hotel & Office

3 Teraskita Hotel Makassar Makassar 0,2 Ha 10,2 Hotel & Office Vasaka Solterra, Jakarta Teraskita Hotel, Jakarta

4 Brooklyn Jakarta 1,0 Ha 63,1 Apartment, SOHO & Office

5 Yukata Suites Jakarta 0,5 Ha 54,2 Apartment

6 Solterra Jakarta 3,4 Ha 73,4 Apartment

7 Nines Plaza & Residence Jakarta 0,8 Ha 87,1 Mixed Use

8 88 Avenue Surabaya 3,4 Ha 76,8 Mixed Use Vasaka Bali, Bali Masion Teraskita Hotel, Bandung

9 Reiz Condo Medan 0,7 Ha 56,2 Apartment & Condominium

10 Vasaka Denpasar Bali 12 Ha 79,6 Residential

11 Waskita Rajawali Tower Jakarta 0,6 Ha 37 Office

12 Waskita Modern Realty Jawa Barat 600 Ha 549* Urban City Development

13 Wanakarta City Jawa Barat 200 Ha 343* Urban City Development Vasaka Reiz Condo, Medan Teraskita Hotel, Makassar

38
Realty Investment Performance
Hotel Occupancy Rate Hotel Revenue (USD Million)

87,10%
80,45%
2,7 2,9
59,62%
1,8 Brooklyn Office Block, Jakarta

2018 2019 2020 2018 2019 2020

Total Units Sold Property Revenue (USD Million)

Yukata Apartment, Jakarta

31
564

17
13
159
0

2018 2019 2020 2018 2019 2020

Two Senopati Apartment, Jakarta

39
Non-Toll Road Infrastructure
Sangir Mini Hydro Power Plant
• Capacity : 2 x 5 MW

Sangir Mini Hydro Power

• Location: Sangir, West Sumatra
• Total Investment : USD 18,2 Million
• Operating since 2017

Plant
• Prepared to become major player in the field of infrastructure Sangir Mini Hydro Power Plant Revenue (USD Million)
investment 4
3,5
• Invest and develop various infrastructure project such as:
✓ Power plant
1,9
✓ Water treatment plant 1,3
✓ Oil & gas pipeline
✓ Ports
2017 2018 2019 2020

40
Precast Concrete Manufacture
All precast concrete business is managed through PT Waskita Beton Precast. Listed
in Indonesia Stock Exchange since 20 September 2016 with total proceed of
USD 356 Million
Business Line

Construction Service
7%

Precast Readymix
45% 48%

Plant (9) : 3,700 (in ‘000 MT) Batching Plant (73)

Gasing, South Sumatera : 725 Jabodetabek : 24 Batching Plant

Karawang, West Java : 575 West Java : 3 Batching Plant
Bojonegara, Central Java : 475 Central Java : 3 Batching Plant
Sidoarjo, East Java : 425 East Java : 7 Batching Plant
Sadang, West Java : 350 Yogyakarta : 3 Batching Plant
Cibitung, West Java : 325 Sumatera : 30 Batching Plant
Subang, West Java : 350 Sulawesi : 3 Batching Plant
Klaten, Central Java : 225
Kalijati, West Java : 250

41
Precast Concrete : Performance Highlights
New Contract Achievement (USD Million) FY20 New Contract Segmentation

840
757

457 482
FY20 New
Contract 46,0%
Internal
128 54,0% USD 128
Million
External
FY16 FY17 FY18 FY19 FY20

Revenue (USD Million) Precast Concrete Utilization Rate

549 100%
487 513
80% 71% 70%
324 60%
40%
151 22%
20%
0%
FY16 FY17 FY18 FY19 FY20 2018 2019 2020

42
Steel Fabrication

Plant Location:

Cikande Industrial Area, Banten

Current Production Capacity:

48,000 Ton / Year

Currently supporting internal market for Transmission Products

Project in Sumatra and Waskita’s Toll Road
developments

Toll Road Guardrail Menara Transmisi

43
Thank You

Mailing Address : Phone : (+6221) 8508510/20

Waskita Heritage Building E-mail : investor.relations@waskita.co.id
MT. Haryono Kav, No. 10 Cawang Website : www.waskita.co.id
Jakarta 13340

Disclaimer:
This 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 the solicitation of an offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal, The information herein has been obtained 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
the use by recipient only and may not be reproduced or copied/photocopied or duplicated or made available in any form, by any means, or redistributed to others without written permission of
PT Waskita Karya (Persero) Tbk.

35