PT Holcim Indonesia Tbk Annual Results 2013

27 February 2014

• Sales revenues up 7.5% to Rp 9.69 trillion,

• Net profit in 2013 of Rp 952 billion or Rp 124 per share

• 2013 final dividend proposed of Rp 90 total per share

• Holcim Indonesia current available cement production capacity will rise 40% by the end of 2015 with two new kiln lines completed (Tuban 1 & 2 )

• Logistics and other investments improve market coverage, products and services capability for added value.

The results for 2013

PT Holcim Indonesia Tbk published its 2013 financial statements today, reporting sales revenue growth of 7.5% to Rp 9.69 trillion with profit for the year of Rp 952 billion, or Rp 124 earnings per share.

At the forthcoming Annual General Meeting of Shareholders (AGMS) the Board of Directors will propose a final dividend of Rp 90 total per share representing a 12.5 per cent increase over last year’s dividend to be approved and distributed to shareholders from 2013 earnings.

Selected comparative highlights: Financial Results 2013 (audited) and 2012 (audited)

Rp billion 2013 2012
Sales Revenue 9,686 9,011
Gross Profit 3,355 3,286
Gross Profit Margin 34.6% 36.47%
Operating EBITDA 2,453 2,615
Income from Operations 1,849 2,038
Net profit 952  1,351


Market conditions

Holcim sales revenue growth was sustained by increased prices, with volume broadly unchanged at 9.5 million tonnes, taking account of a lower level of economic growth in 2013, compared to the previous year, tightening credit conditions, and an increase in cement supply. Based on cement association data, the overall consumption of cement increased 5.5% to 58 million tonnes compared to increases of 14% in 2012 and 18% in 2011. The extra supply having been absorbed, demand for Holcim products increased towards the year-end and momentum has continued in 2014. New capacity at the company’s Tuban plant in East Java, coming on stream in two phases of 1.7 million tonnes each in 2014 and 2015 positions Holcim Indonesia in a very favourable position to capture future growth.


Eamon Ginley, President Director of Holcim Indonesia commented on the results, ‘This past year has been a transition period after a number of years of tight supply conditions. Holcim continued to operate at maximum capacity in 2013 and the additional 40% boost in production from the combination of Tuban 1 producing first cement in October 2013, and Tuban 2 due to commence early 2015, provides competitive advantages in low cost production and close proximity to customers. We are now starting to see the benefit, not only in completing our footprint for Java but also from timely investments in logistics and channel capacity for domestic markets as a whole.’


Specifically on Java, increased shipment by rail is already proving cost and time efficient in shortening the supply chain in the company’s largest market. The Holcim brand was further extended into Kalimantan and Sumatra in 2013. Investments included new warehousing, bulk cement silo capacity and a new packing plant, the latest supply hub being opened at Pontianak – Kalimantan during the year. These markets offer considerable potential from higher growth rates over the medium term in infrastructure and urban development.


New production records at both existing plants of Cilacap and Narogong were achieved.  In addition, the ready mixed concrete operations at Holcim Indonesia scored a five-year record in delivering 2.32 million cubic metres of concrete to customers in 2013, an increase of almost 20% over the previous year. The high demand for concrete was from a wide range of projects including commercial buildings, heavy industry and infrastructure, a power station and the extension of Indonesia’s second largest airport near Surabaya, as well as key toll road projects. In support of a full order book, a new aggregates quarry was acquired and an additional investment programme is underway to expand the number and capacity of concrete plants in order to keep up with demand. Holcim Indonesia will further strengthen its offering of value adding and innovative products, services and solutions to its customers


Financial position

The increase in total assets to Rp 14.89 trillion from Rp 12.17 trillion at year-end, reflected the first kiln line installation at Tuban, a further line in progress and investment in existing operations. The increase in net financial debt in 2013 has provided the funding necessary to support strategic goals, which include capacity expansion, supply chain and commercial excellence, improvements to resource management and a major new processing facility to be ready in 2014 for the company’s waste management operation.


Environmental and Social performance

Holcim Indonesia again received Gold and Green PROPER awards from the Ministry of the Environment and the Green Industry Award from the Ministry of Industry among a considerable number of awards for best practices. Substantial community programmes around all three plants continued, with particular successes in livestock rearing for local farm communities near Tuban and the extension of Posdaya community centres around Narogong and Cilacap, helping communities with healthcare, education and livelihood skills.



In the current year, demand for Holcim building materials and the portfolio of value added services and specialist products remain excellent. Management views the forthcoming elections as a considerable opportunity for continued resurgence in business sentiment and further investment to leverage Indonesia’s strong fundamentals and achieve long term economic growth targets.

About  PT Holcim Indonesia Tbk


PT Holcim Indonesia Tbk  (Holcim Indonesia) is a publicly listed company which its majority stake  (86.35%), is owned and managed by Swiss-based Holcim Group, one of the world’s largest cement companies with more than 85,000 employees and production capacity of more than 170 million tons of cement.


As one of the largest cement companies in Indonesia, PT Holcim Indonesia Tbk maintains integrated businesses of cement, ready-mix concrete, and aggregates production. The company operates three cement plants in Narogong-West Java,  Cilacap-Central Java, Tuban 1-East Java and a grinding facility in Ciwandan-Banten with total capacity of 11 million tons of cement and employs more than 2,500 employees.


PT Holcim Indonesia Tbk operates a domestic building material supply network, which covers special distributors, retailers, masons, and Solusi Rumah outlets – the outlet provides housing design service, building materials, building consultation, and financing access. All under one roof.

Further information please contact:

Rusli Setiawan Diah Sasanawati (Anna)
Relationship Management Director Corporate Communications Manager
PT Holcim Indonesia Tbk PT Holcim Indonesia Tbk
Mobile: 0811 860375 Telepon: +62 21 29861000 ext 8361
  Mobile: 0813 81818554
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