2. PRESISIDISCLAIMER
2
IMPORTANT: The following forms part of, and should be read in conjunction with, this presentation
This presentation contains privileged information and has been prepared solely for the recipient. By accepting a copy (or the contents) of this presentation, you are deemed to have acknowledged and
agreed to the provisions appearing hereinafter. The existence of this presentation and the contents thereof should not be disclosed, reproduced, copied or otherwise disseminated to any other person
or published, in whole or in part, without prior consent of PP Presisi Tbk. (“PP Presisi” or the “Company”).
Unless otherwise stated, the Company is the source for all data contained in this presentation. This presentation is not directed to, or intended for distribution to or use by, any person or entity that is
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and should not be treated as giving investment advice, and neither this document nor anything contained herein shall form the basis of or be relied on in connection with any contract or commitment
whatsoever. This presentation does not constitute a prospectus or other offering circular in whole or in part. Any decision to purchase or subscribe for securities should be made only on the basis of
the information contained in a prospectus or offering circular issued by the Company in connection with any such offering.
This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in
forward-looking statements as a result of a number of risks, uncertainties and assumptions. Although the Company believes that such forward-looking statements are based on reasonable
assumptions, it can give no assurance that such expectations will be met. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate
trends, cost of capital and capital availability, and competition from other companies.
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reliability of the information contained herein. Any reference to past performance should not be taken as an indication of future performance. The information contained in this presentation is
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other evaluation of any transaction. The recipient agrees that the merits or suitability of any such transaction to its particular situation will be independently determined by the recipient including
consideration of the legal, tax, accounting, regulatory, financial and other related aspects thereof.
Any securities which may be offered by the Company will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States
absent registration under the Securities Act or exemption from the registration requirement thereof. No public offer of any of the securities of the Company will be made in the United States. Neither
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3. PRESISI
3
EXECUTIVE SUMMARY
COMPANY IN A BRIEF
FINANCIAL SUMMARY
KEY INVESTMENT HIGHLIGHTS
1 On pole position in Indonesia’s infrastructure
development
2 Unique business model
3 Large scale fleet with reputable brand
4 Diversified customer base
5 Ample financial capacity to support expansion
PRESISI
SHAREHOLDERS’S STRUCTURE
Rp billion
PT PP (Persero) TbkPT PP (Persero) Tbk
99.98%0.02%
6 Experienced management team
Balance Sheet Profitability
Rp billion
YKKPP*YKKPP*
Note :
(*) YKKPP :
Yayasan Kesejahteraan Karyawan Pembangunan Perumahan
•PT PP Presisi Tbk (“PP Presisi) is a leading heavy equipment-based construction player with
about 13 years of experience in Indonesia’s construction industry.
•Established as an equipment rental provider, through transformation of business model since
2014, the Company now provides 5 construction services namely civil work, form work,
foundation, ready mix, and heavy equipment rental.
•Armed with large fleet scale of 1,594 units, PP Presisi currently is working on infrastructure
projects all across Indonesia.
•Strong client base both from state-owned and private companies, PP Presisi is equipped with
internationally recognized quality management and safety standards (ISO 9001, ISO 14001, and
OHSAS 18001) and ERP-SAP system.
•Solid operational performance and financial position reflected on above average profit margins,
positive operating cash flow, and relatively low-geared balance sheet, allowing the Company to
participate more actively in Indonesia’s ongoing infrastructure development.
4. PRESISITABLE OF CONTENTS
4
1 Indicative Offering Structure 5
2 Company Overview 8
3 Key Investment Highlights 15
4 Operational and Financial Highlights 24
5 Appendices 31
5. 1 | Indicative Offering Structure & Timetable1 | Indicative Offering Structure & Timetable
Way Sekampung Dam, Pringsewu, Lampung
Currently ongoing construction
This is the first dam project by PP Presisi
6. PRESISI
6
Indicative Offering Structure & Timetable
INDICATIVE OFFERING STRUCTURE
Issuer PT PP Presisi Tbk (“PP Presisi” or the “Company”)
Offering Structure
Base offer size: 2,352,000,000 new shares (23% of enlarged capital)
Maximum offer size of 4,239,330,000 new shares (35% of enlarged capital)
Price Range IDR 430 – IDR 550 per share
Offering Size
Base offer size: IDR 1.0 trillion – IDR 1.3 trillion (USD 75 million – USD 96 million)
Maximum offer size: IDR 1.8 trillion – IDR 2.3 trillion (USD 135 million – USD 173 million)
Market cap post Offering
Base offer size: IDR 4.4 trillion – IDR 5.6 trillion (USD 326 million – USD 417 million)
Maximum offer size: IDR 5.2 trillion – IDR 6.7 trillion (USD 390 million – USD 503 million)
Offering Type
Initial Public Offering under the Indonesian Financial Services Authority (“Otoritas Jasa
Keuangan” or “OJK”) regulation and global institutional placement under Regulation S
(with Wrap)
Use of Proceeds
• Approximately 70% for capital expenditure
• Approximately 30% for working capital
Listing Indonesia Stock Exchange (“IDX”)
Joint Lead Underwriters
PT Bahana Sekuritas
PT CIMB Sekuritas Indonesia
PT Danareksa Sekuritas
PT Mandiri Sekuritas
7. PRESISI
7
Indicative Offering Structure & Timetable
INDICATIVE TIMETABLE
Bookbuilding Period /
Management Roadshow
23 – 31 October 2017 (book close on 31 October at 04:00 PM Jakarta time)
Pricing Date 31 October 2017
Effective Date 9 November 2017
Public Offering Period (retail) 13 – 14 November 2017
Payment Date 14 November 2017
Allotment Date 16 November 2017
Payment Date (DVP)
Distribution Date
17 November 2017
Listing Date 20 November 2017
8. 2 | Company Overview2 | Company Overview
Cikopo – Palimanan (Cipali) Toll Road, 116 km, West Java
Completed in 2015, the toll road is currently Indonesia’s longest toll road
LMA performed civil work service for the Cipali toll road
9. PRESISI
9
Company Overview
VISION AND MISSION
To provide construction services based on
heavy machinery on a national scale
To provide civil construction and building
structure work services for construction
society all across Indonesia that creates
value-added to all of stakeholders
Vision
Mission
10. PRESISI
10
Company Overview
AT A GLANCE
Notes:
* Consolidated total shareholder equity, as of July 31, 2017
** Derived from dividing interesting-bearing debt with shareholder equity as of July 31, 2017
UNIQUE BUSINESS MODEL
Heavy equipment-based contractor with various
construction services
LARGE SCALE Operating fleet of more than 1,500 units
WIDE PORTFOLIO
Civil work, form work, foundation, ready mix, and
equipment rental
MULTIPLE AVENUES OF
GROWTH
Organic and inorganic growth in the last 5-years
FINANCIAL STRENGTH
About IDR 1.3 trillion of equity* with approx. 1.0x
gearing ratio**
11. PRESISI
11
Company Overview
KEY MILESTONES
11
2004 2014 2015 2016
May
Established as PT Prima
Jasa Aldodua (PT PJA)
which provided
equipment rental
service
2017
June
Acquired by PT PP
(Persero) Tbk (“PTPP”)
and renamed as PT PP
Alat Konstruksi (“PP
Alkon”)
July
Renamed as PT PP
Peralatan Konstruksi
(“PP Peralatan”)
May
Renamed as PT PP
Presisi (“PP Presisi”)
June
Acquired 51% stake of
PT Lancarjaya Mandiri
Abadi (“LMA”)
July
PTPP increased capital
in PP Presisi
June
Started business
transformation by
entering Formwork
business line
September
Entered Ready Mix
business
September
Entered Civil Works
business with focus on
Toll Road and Dam
projects
Equipment
Rental Business
Expand
Business
Portfolio
Leap forward
through organic
and inorganic
growth
14. PRESISIBUSINESS PORTFOLIO
14
Company Overview
Vendors
Scope of
Work
Form Work
(Bekisting)
Ready Mix
Foundation
(Bore Pile)
Civil Work
Equipment
Rental
Kobelco
United Tractor
Lieber
Caterpillar
XCMG
Zoomlion
XCMG
Bauer
Lieber
Holcim Cement
Semen Merah Putih
Semen Padang
Semen Tonasa
Semen Indonesia
PCH Australia
Nanjing Wellmade China
Papan Mandiri
Cemerlang
CCI
Potaindo Machinary
Indonesia (Tower Crane)
Tass Engineering (Concrete
Pump)
Putra Bangun (Tower
Crane & Passenger Hoist)
Sumitomo (Excavator)
Cut and fill
Soil ripening
Ready mix concrete
ASPHALT-Hotmix
Rigid Pavement
Various equipment rental
according to specific work
Vertical system
Horizontal system
Full system
Concrete production
To make hole according
to the size and depth
requirement by
temporary chasing
Bekisting to the hole
Fill in with ready mix
1,461 units 6 bore pile units 8 plants 133 units27,000 square meter
Revenue
contribution(2)
Key
Financials(2)
48.9% (3) n/a 25.8% 9.8% 15.5%
Net Revenues (3)
IDR 216.4 billion
Gross Margin (3)
24%
Net Revenues:
n/a
Gross Margin:
n/a
Net Revenues:
IDR 113.6 billion
Gross Margin:
18%
Net Revenues:
IDR 42.8 billion
Gross Margin:
26%
Net Revenues:
IDR 68.3 billion
Gross Margin:
30%
Fleet size(1)
(1) As of July 31, 2017
(2) 7-months 2017
(3) Including bore pile
15. 3 | Key Investment Highlights3 | Key Investment Highlights
Solo – Kertosono (Soker) Toll Road, 177 km, Central Java
Construction is ongoing; Once completed, Soker will be Indonesia’s longest toll road
LMA is chosen as civil work service contractor in the Soker toll road
16. PRESISI
16
KEY INVESTMENT HIGHLIGHTS
Key Investment Highlights
On pole position in Indonesia’s infrastructure development1
Unique business model2
Large scale fleet with reputable brand3
Diversified customer base4
Ample financial capacity to support expansion5
Experienced management team6
17. PRESISI#1 ON POLE POSITION IN INDONESIA’S INFRASTRUCTURE DEVELOPMENT
Key Investment Highlights
17
Source: Minister of Finance
As a construction equipment-based contractor, PT PP Presisi is on pole position to seek opportunities in Indonesia’s
infrastructure development.
Government Infrastructure Spending Integration of Connectivity Infrastructures to Support Priority Zones
Infrastructure Projects in the Planned State Budget (RAPBN) 2018
Road
856 km
Toll Road
25 km
Railway
639 km
Airport
15 locations
Dam
47 units
Public Towers
7,062 units
Source: Minister of Finance
Source: Statistic Bureau Centre, Indonesia State Budget Source: Indonesia State Budget 2017, Statistic Bureau Centre
1.3
1.6
1.9 1.9 1.8
2.9
3.4
4.0 3.9
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
-
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
2010 2011 2012 2013 2014 2015 2016 2017E 2018E
Infra Budget % of GDP
86 114
145 156
155
256
317
401
409
Rptrillion %
18. PRESISI#2 UNIQUE BUSINESS MODEL
Key Investment Highlights
Ready Mix Form Work RentalFoundationCivil Work
Infrastructure
Power Plant
Building
PRESISI
Projects
18
PRESISI PRESISI PRESISI
PRESISI PRESISI PRESISI PRESISIPRESISI
PRESISI
PRESISI
19. PRESISI#3 LARGE SCALE FLEET (MOBILE) WITH REPUTABLE BRAND
Key Investment Highlights
July 2017
Total mobile fleet:
1,461 units
Average age:
2.86 years
Excavator Dump Truck Bulldozer
Mixer Truck Vibro Roller
unit years unit unit
unit unit
19
years years
years years
20. PRESISI#3 LARGE SCALE FLEET (NON-MOBILE) WITH REPUTABLE BRAND
Key Investment Highlights
July 2017
Total non-mobile fleet:
133 units
Average age:
4.67 years
Tower Crane Crawler Crane Passenger Hoist
unit unit unit
20
years years years
21. PRESISI#4 DIVERSIFIED CUSTOMER BASE
Key Investment Highlights
StateOwnedEnterpriseInternationalDomestic
Past and
Present
SOE
Clients
21
Past and
Present
Private
Clients
22. PRESISI#5 AMPLE FINANCIAL CAPACITY TO SUPPORT EXPANSION
Key Investment Highlights
22
Gross Profit Margin
Operating Profit Margin
Net Profit Margin
Presisi’s last 3.5 years cumulative contracts : Rp3.5 trillion
LMA’s last 3.5 years cumulative contracts : Rp5.8 trillion
Rp billion Rp billion
2,105 2,072
5,898
7,357
Lower Net Gearing Higher than average Profit Margins
Solid Order Book Positive Operating Cash Flow
Sources: Companies
2016 July 2017
Average
2014 : 12%
2015 : 13%
2016 : 14%
35%
32%
26%
Average
2014 : 10%
2015 : 10%
2016 : 11%
Average
2014 : 5%
2015 : 6%
2016 : 6%
29%
27%
22%
13%
11%
14%
23. PRESISI#6 EXPERIENCED MANAGEMENT TEAM
Key Investment Highlights
23
Ir. Iswanto Amperawan (President Director)
Appointed as President Director since February
2017
Previously served as Head of Branch III (2015-
2017) and Head of Branch V at Semarang (2013-
2015)
Ir. Iswanto Amperawan (President Director)
Appointed as President Director since February
2017
Previously served as Head of Branch III (2015-
2017) and Head of Branch V at Semarang (2013-
2015)
Benny Pidakso, SE (Director)
Appointed as Finance Director since March 2013
Previously served as Head of ASKU Branch VII at Bali
(2011-2013)
Benny Pidakso, SE (Director)
Appointed as Finance Director since March 2013
Previously served as Head of ASKU Branch VII at Bali
(2011-2013)
Ir. Arief Subyandono (Independent Director)
Appointed as Director of PP Presisi since August 2017
Previously served as Director of PT PP Energi (2016-
2017)
Ir. Arief Subyandono (Independent Director)
Appointed as Director of PP Presisi since August 2017
Previously served as Director of PT PP Energi (2016-
2017)
Ir. Hasanin Ade Putra (Director)
• Appointed as Operation Director since August
2016
• Previously served as Project Manager, EPC
Division, PT PP (Persero) Tbk (2011-2016)
Ir. Hasanin Ade Putra (Director)
• Appointed as Operation Director since August
2016
• Previously served as Project Manager, EPC
Division, PT PP (Persero) Tbk (2011-2016)
Board of Directors
26 years’ experience
in construction sector
23 years’ experience
in construction sector
12 years’ experience
in construction sector
30 years’ experience
in construction sector
Ir. M. Toha Fauzi, MT
(President Commissioner)
Appointed as President
Commissioner since February
2017
Appointed as Infrastructure
Director of PT PP (Persero)
Tbk since 2016
Previously served as Head of
Operation Division II (2011-
2016)
Ir. M. Toha Fauzi, MT
(President Commissioner)
Appointed as President
Commissioner since February
2017
Appointed as Infrastructure
Director of PT PP (Persero)
Tbk since 2016
Previously served as Head of
Operation Division II (2011-
2016)
Ir Nawang Sri Retno Kartiko
M.Eng (Commissioner)
Appointed as Commissioner
since February 2017
Appointed as Head of Supply
Chain Management of PT PP
(Persero) Tbk since 2016
Previously served as Head of
Control and Bussiness PT PP
Persero Tbk (2015-2016)
Ir Nawang Sri Retno Kartiko
M.Eng (Commissioner)
Appointed as Commissioner
since February 2017
Appointed as Head of Supply
Chain Management of PT PP
(Persero) Tbk since 2016
Previously served as Head of
Control and Bussiness PT PP
Persero Tbk (2015-2016)
Ir. Ketut Darmawan
(Independent Commissioner)
Appointed as Commissioner
since August 2017
Previously served as
Operation Director of PT PP
(Persero) Tbk (2011-2015)
Ir. Ketut Darmawan
(Independent Commissioner)
Appointed as Commissioner
since August 2017
Previously served as
Operation Director of PT PP
(Persero) Tbk (2011-2015)
Board of Commissioners
25 years’ experience
in construction sector
28 years’ experience
in construction sector
32 years’ experience
in construction sector
Average years of experience in Indonesia construction sector: 25 years+
24. 4| Operational and Financial Highlights4| Operational and Financial Highlights
Ready Mix plant at Medan - Kuala Namu - Tebing Tinggi, 61.7 km, North Sumatra
The plant ran at daily capacity of 90 cubic meter per hour
The first ready mix plant owned and operated by PP Presisi
25. PRESISI
25
NEW CONTRACT BY TYPE OF WORK
Operational and Financial Highlights
*including LMA
*
Rp973 billion Rp946 billion
Rp4.9 trillion Rp2.5 trillion
26. PRESISI
26
NEW CONTRACT BY PROJECT OWNER
Operational and Financial Highlights
*
*including LMA
Rp973 billion Rp946 billion
Rp4.9 trillion Rp2.5 trillion
27. PRESISI
27
BURN RATE
Operational and Financial Highlights
PP Presisi
Formwork
1-2 years projects
Starting
Civil Work
in late 2016
2-3 years projects
Consolidated
with LMA for 1 month
LMA
*
**
*awarded many projects in late 2016
**carry over from 2016 & additional projects in H12017
Burn rate : revenue/order book
28. PRESISI
28
INTERNATIONAL STANDARD TO IMPROVE EXCELLENT OPERATION
Operational and Financial Highlights
ISO 9001 : 2015 ISO 14001 : 2015 OHSAS 18001 : 2007
30. PRESISISTRONG BALANCE SHEET
Operational and Financial Highlights
(Rp bn.)
Net Fixed Assets
Debt*
(Rp bn.)
Total Assets
(Rp bn.)
Equity
(Rp bn.)
30
A : audited
Jul2017 : consolidated with LMA
*interest bearing
31. 5 | Appendices5 | Appendices
Bakaheuni-Sidomulyo Toll Road, Lampung
Currently ongoing construction
Part of the Trans Sumatra toll road, PP Presisi and LMA are working together in this project