Info Memo Q3

Info Memo

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		in billion IDR	9M 2021	9M 2020	Growth
		Revenue	25,330	25,625	-1.1%
		Cost of Revenue	(17,886)	(17,394)	2.8%
		Gross Profit	7,444	8,231	-9.6%
		Operating Expense	(4,139)	(4,279)	-3.3%
		Operating Income	3,306	3,952	-16.3%
		EBITDA	5,699	6,276	-9.2%
		Finance Cost (Net after Finance Income)	(1,151)	(1,606)	-28.4%
		Profit Before Tax	2,121	2,309	-8.1%
		Net Profit Attributable to Owners of Parent Entity	1,388	1,542	-10.0%
		in thousand tons	9M 2021	9M 2020	Growth
		Domestic sales (including domestic clinker sales)	23,220	23,354	-0.6%
		Regional sales	6,664	5,803	14.8%
		Total sales volume	29,884	29,157	2. 5%

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in thousand tons	9M 2021	9M 2020	Growth
Domestic sales (including domestic clinker sales)	23,220	23,354	-0.6%
Regional sales	6,664	5,803	14.8%
Total sales volume	29,884	29,157	2.5%

in billion IDR	9M 2021	9M 2020	Growth
Revenue	25,330	25,625	-1.1%
Cost of Revenue	(17,886)	(17,394)	2.8%
Gross Profit	7,444	8,231	-9.6%
Operating Expense	(4,139)	(4,279)	-3.3%
Operating Income	3,306	3,952	-16.3%
EBITDA	5,699	6,276	-9.2%
Finance Cost (Net after Finance Income)	(1,151)	(1,606)	-28.4%
Profit Before Tax	2,121	2,309	-8.1%
Net Profit Attributable to Owners of Parent Entity	1,388	1,542	-10.0%

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Description	9M 2021	9M 2020	Growth
Gross Profit Margin	29.4%	32.1%	-2.7%
Operating Profit Margin	13.1%	15.4%	-2.4%
EBITDA Margin	22.5%	24.5%	-2.0%
Net Profit Margin	5.5%	6.0%	-0.5%
Return on Equity	7.7%	7.8%	-0.1%
Return on Assets	3.4%	3.3%	0.1%

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in billion IDR	30-Sep-21	31-Dec-20	Growth
Assets
Current Assets	15,185	15,565	-2.4%
Non-current Assets	61,424	62,442	-1.6%
Total Assets	76,609	78,006	-1.8%
Liabilities
Current Liabilities	14,050	11,506	22.1%
Non-current Liabilities	21,692	29,066	-25.4%
Total Liabilities	35,741	40,572	-11.9%
Temporary Syirkah Funds	1,781	1,781	0.	0%
Equity	39,087	35,653	9.	6%
Total Liabilities, Temporary Syirkah Funds, and Equity	76,609	78,006	-1.	8%

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in billion IDR	9M 2021	9M 2020	Growth
Cash Flows from Operating Activities	4,247	5,082	-16.4%
Cash Flows provided from/(used in) Investing Activities	30	(966)	103.1%
Cash Flows (used in)/provided from Financing Activities	(3,671)	(3,632)	-1.0%
Net Increase (Decrease) in Cash & Cash Equivalents	607	483	25. 6%
Cash & Cash Equivalents at Beginning of Year	2,931	3,950	-25.8%
Effect of Exchange Rate Changes on Cash & Cash Equivalent	2	49	-96.1%
Cash & Cash Equivalents at End of Year	3,539	4,483	-21. 1%

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in billion IDR	30-Sep-21	31-Dec-20	Growth
SHORT TERM LOAN
BNI	389	343	13.4%
Bank Mandiri	54	48	13.2%
Bank Loan - VND	103	105	-1.6%
Total Short Term Loan	546	496	10. 2%
LONG TERM LOAN
BNI	9,650	14,850	-35.0%
Bank Permata	400	500	-20.0%
Unamortised transaction cost	(48)	(62)	-21.8%
Total Long Term Loan	10,002	15,288	-34. 6%
BOND
Obligasi berkelanjutan I Semen Indonesia tahap I 2017	3,000	3,000	0.0%
Obligasi berkelanjutan I Semen Indonesia tahap II 2019 A	3,364	3,364	0.0%
Obligasi berkelanjutan I Semen Indonesia tahap II 2019 B	714	714	0.0%
Unamortised transaction cost	(6)	(9)	-35.9%
Total Bond	7,072	7,069	0. 0%
Lease Liabilities	857	1,101	-22. 1%
Temporary Syirkah Funds	1,781	1,781	0. 0%
TOTAL INTEREST BEARING DEBT	20,259	25,736	-21. 3%

Description		30-Sep-21		31-Dec-20		Chg.(x)
Net Debt to Equity (x)		0.49		0.67		-0.18
Debt to Equity (x)		0.59		0.75		-0.16
Net Debt to EBITDA (x)		1.97		2.51		-0.54
Debt to EBITDA (x)		2.38		2.84		-0.46
EBITDA/Interest (x)	4.66	3.91	0.75

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