Market Share Indonesia's Top Three Cement Producers

Market Share Market Share Market Share

Company
2005 2010 2015
Semen Gresik 46.8% 43% 43.6%
Indocement Tunggal Prakarsa 28.4% 31% 29.1%
Holcim Indonesia 13.9% 14% 15.4%

Source : Bisnis Indonesia (http://www.indonesia-investments.com/business/business-columns/what-about-indonesia-s-cement-industry-in-20

nesia-s-cement-industry-in-2016/item6510)
Indonesian Cement Sales 2008-2016

Year Cement Sales YoY Growth

2016¹ 65 million +6.6%
2015 61 million +1.8%
2014 60 million +3.3%
2013 58 million +5.6%
2012 55 million +14.6%
2011 48 million +20.0%
2010 40 million +4.2%
2009 38.4 million +1.1%
2008 38 million -

Source : Indonesia Cement Association (http://www.indonesia-investments.com/business/business-columns/what-about-indonesia-s-cement

Indonesian Cement Sales in H1-2016 per Island/Region

Cement Sales (in % of Total

Island/Region YoY Growth
million tons) Domestic Sales
Java 16.24 55.08% +1.3%
Sumatra 6.24 17.78% +6.9%
Sulawesi 2.54 8.62% 24.80%
Kalimantan 2.00 6.78% -16.00%
Nusa Tenggara 1.68 5.72% +2.1%
Moluccas & Papu 767,770 2.60% 16.90%
Indonesia 29.48 100% +3.1%

Source : Indonesia Cement Association (http://www.indonesia-investments.com/news/todays-headlines/cement-producers-in-indonesia-conc

 Cement Sales of Indonesia's Top Cement Producers

Company April 2016 (in Y/Y Growth

million tons)
Semen Indonesia 1.97 +5.2%
Indocement Tunggal Prakarsa 1.20 -14.40%
Holcim Indonesia 0.57 -11.50%
Semen Baturaja 0.10 -4.0%

Source : Investor daily (http://www.indonesia-investments.com/news/todays-headlines/cement-sales-in-indonesia-rise-4.2-in-january-april-2

ment-producers-in-indonesia-concerned-about-oversupply/item7096)
onesia-rise-4.2-in-january-april-2016/item6826)
Cement Exports of Indonesia's Top 3 Cement Producers

Company 2014 2015

Semen Indonesia 1,376,174 1,388,459
Indocement Tunggal Prakarsa 156,504 212,500
Holcim Indonesia 77,722 227,524
In IDR million

Source : http://www.indonesia-investments.com/business/industries-sectors/cement/item6179?searchstring=cement%20market
hstring=cement%20market
Semen Indonesia's Operational Highlights

2008 2009 2010 2011 2012 2013

Cement Production in
18.2 18.1 18.2 19.8 22.8 26.9
million tons

Production Capacity
18.0 19.0 19.0 20.2 28.5 30.0
in million tons

Domestic Sales in
17.7 18.4 17.9 19.7 21.8 25.4
million tons

Source: Semen Indonesia Annual Report 2015 (http://www.indonesia-investments.com/business/indonesian-companies/semen-indonesia/ite

Semen Indonesia's Financial Highlights

2009 2010 2011 2012 2013 2014

Net Revenue 14,387.9 14,344.2 16,378.8 19,598.0 24,501.2 26,987.0
Gross Profit 7,486.9 9,297.6 10,944.1 11,578.9
Net Income 3,326.5 3,633.2 3,925.4 4,848.0 5,370.2 5,559.9
EBITDA 4,772.6 4,969.5 5,402.0 6,869.1 8,099.0 8,296.8
Total Assets 12,951.3 15,563.0 19,661.6 26,579.1 30,792.9 34,331.7
Total Liabilities 2,625.6 3,423.2 5,046.5 8,414.2 8,988.9 9,326.7
Earnings per Share¹ 566 613 662 817 905 937
Dividend per Share¹ 308.45 306.26 330.89 367.74 407.42 375.34
in billion IDR rupiah, except stated otherwise
¹ in IDR rupiah

Source: Semen Indonesia Annual Report 2015 (http://www.indonesia-investments.com/business/indonesian-companies/semen-indonesia/ite

 2014 2015

28.3 28.4

31.8 31.8

26.2 26.1

n-companies/semen-indonesia/item194?searchstring=holcim%20indonesia)

2015
26,948.0
10,646.0
4,521.5
7,427.4
38,153.1
10,712.3
762

n-companies/semen-indonesia/item194?searchstring=holcim%20indonesia)
Indocement Tunggal Prakarsa's Operational Highlights

2008 2009 2010 2011 2012 2013 2014

Cement Production in
12.5 11.8 12.9 15.4 18.0 17.8 18.5
million tons
Cement Sales in
18.0 18.2 18.7
million tons
Cement Export in
2.3 1.6 1.0 0.6 0.1 0.08
million tons

Source: Indocement Tunggal Prakarsa Annual Report 2015 (http://www.indonesia-investments.com/business/indonesian-companies/indoce

Indocement Tunggal Prakarsa's Financial Highlights

2009 2010 2011 2012 2013 2014 2015

Net Revenue 10,576 11,138 13,888 17,290 18,691 19,996 17,798
Gross Profit 5,108 5,541 6,414 8,270 8,654 9,106 7,909
Operating Income 3,693 4,061 4,418 5,877 6,064 6,001 5,057
EBITDA 4,263 4,683 5,082 6,650
Net Income 2,749 3,225 3,602 4,763 5,012 5,293 4,357
Total Assets 13,277 15,346 18,151 22,755 26,607 28,885 27,638
Total Liabilities 2,572 2,246 2,418 3,336 3,630 4,308 3,772
Earnings per share¹ 746 876 977 1,293 1,361 1,437 1,183
Dividend per share¹ 150 225 263 450 1,350 415
in billion IDR rupiah, except stated otherwise
¹ in IDR rupiah

Source: Indocement Tunggal Prakarsa Annual Report 2015 (http://www.indonesia-investments.com/business/indonesian-companies/indoce

 2015

17.3

17.1

0.11

ness/indonesian-companies/indocement-tunggal-prakarsa/item205?searchstring=holcim%20indonesia)

ness/indonesian-companies/indocement-tunggal-prakarsa/item205?searchstring=holcim%20indonesia)
Holcim Indonesia's Operational Highlights

2008 2009 2010 2011 2012 2013

Domestic Cement Sales in 6.0 6.0 6.2 8.2 9.4 8.5

million tons

Cement Exports in million 1.6 1.9 1.6 0.5 0.1 0.2

tons

Source: Holcim Indonesia, Annual Report 2015 (http://www.indonesia-investments.com/business/indonesian-companies/holcim-indonesia/ite

Holcim Indonesia's Financial Highlights

2008 2009 2010 2011 2012 2013

Net Sales 5,341.10 5,943.90 5,960.6 7,524.0 9,011.1 8,714.1
Gross Profit 1,950.00 2,249.70 2,249.4 2,862.9 3,346.8 3,160.0
Income from Operations 498.4 1,717.30 1,362.6 1,689.0 2,038.5 1,764.2
Net Profit 282 895.6 830.4 1,063.6 1,350.8 1,006.4
EBITDA 925.7 2,183.60 1,909.2 2,317.3 2,614.6 2,338.1
Total Assets 8,209.00 7,265.40 10,437.20 10,950.50 12,168.50 14,895.00
Total Liabilities 5,403.10 3,949.20 3,611.2 3,423.2 3,750.5 6,217.3
Earnings per Share¹ 37 117 108 139 176 124
Dividend per Share¹ n.a. n.a. 23 55 80 53
in billion IDR rupiah, except stated otherwise
¹ in IDR rupiah

Source: Holcim Indonesia, Annual Report 2015 (http://www.indonesia-investments.com/business/indonesian-companies/holcim-indonesia/ite

 2014 2015

8.8 9.1

0.2 0.5

donesian-companies/holcim-indonesia/item388?searchstring=holcim%20indonesia)

2014 2015
9,483.6 9,239.0
2,776.3 2,139.4
1,206.2 909.5
659.9 175.1
1,872.1 1,833.9
17,199.30 17,321.60
8,617.3 8,871.7
86 23
99

donesian-companies/holcim-indonesia/item388?searchstring=holcim%20indonesia)