kesinambungan tema · terhadap perseroan changes in laws and regulations significantly affecting...

Kesinambungan TemaTHEME CONTINUITY

Speeding Towards the Future

Terdepan Dengan InovasiLeading Through Innovation

New Horizon fora Brighter Future

Transformation for the Stronger Future

2014 2015

2016 2017

1 Annual Report 2018 | PT Wijaya Karya Beton Tbk.

Tema 20182018 THEME

Seiring dengan pertumbuhan sektor konstruksi, Perseroan mencatat pertumbuhan kinerja yang sangat signifikan di tahun 2018. Namun demikian, Perseroan menyadari bahwa di tahun-tahun mendatang tantangan bisnis akan semakin kompetitif sehingga menuntut Perseroan untuk terus berinovasi agar memiliki daya saing yang lebih tinggi. Oleh karena itu, Perseroan berupaya melakukan perbaikan proses bisnis agar lebih efisien dalam rangka meraih tingkat pertumbuhan sesuai dengan ekspektasi para pemangku kepentingan. Guna merespon tantangan masa depan tersebut, Perseroan berupaya menghasilkan produk yang berkualitas tinggi sesuai dengan standar internasional seraya mewujudkan visi Perseroan, yaitu “Menjadi Perusahaan Terkemuka dalam Bidang Engineering, Production, Installation (EPI) Industri Beton di Asia Tenggara".

In line with the growing construction sector, the Company recorded a significant growth in its performance in 2018. However, the Company is fully aware of increasingly competitive business challenge which demands the Company to continue to bring innovation for having a higher competitiveness. Therefore, the Company endeavours to improve its business process to be more efficient in order to achieve growth level as expected by the stakeholders. To respond such a future challenge, the Company strives to produce a high quality products with international standard whilst realizing the new vision, “Becoming the Leading Company in Engineering, Production, Installation (EPI) of Precast Industry in South East Asia”.

2 PT Wijaya Karya Beton Tbk. | Laporan Tahunan 2018

Daftar Istilah dan SingkatanLIST OF TERMS AND ABBREVIATIONS

AD Anggaran Dasar (Article of Associations)

AI Audit Internal (Internal Audit)

APBN Anggaran Pendapatan Belanja Negara (The State Budget)

APBN-P Anggaran Pendapatan Belanja Negara - Perubahan (Revised State Budget)

BEI Bursa Efek Indonesia (Indonesian Stock Exchange)

BOC Board of Commissioners

BOD Board of Directors

BPKP Badan Pengawasan Keuangan dan Pembangunan (Board of Finance and Development Supervision)

BPO Biro Pengendalian Operasi

BSN Badan Standarisasi Nasional (National Standardization Agency)

BUMN Badan Usaha Milik Negara (State-Owned Enterprise)

CLT PT Citra Lautan Teduh

COSO Committee of Sponsoring Organizations of The Treadway Commission

CSI Customer Satisfaction Index

CSR Corporate Social Responsibility

DPB Divisi Produk Beton (Precast Division)

DSU Departemen Sipil Umum (Civil Construction Department)

ERM Enterprise Risk Management

GCG Good Corporate Governance

GMS General Meeting of Shareholders

IFRS International Financial Reporting Standards

IPO Initial Public Offering

ISO International Organization For Standardization

IT Information and Technology

JV Joint Venture

K3 Keselamatan dan Kesehatan Kerja (Occupational Health and Safety)

KAP Kantor Akuntan Publik (Public Accountant Firm)

KNKG Komite Nasional Kebijakan Governance (National Committee on Governance Policy)

KPI Key Performance Indicator

LHP Laporan Hasil Pemeriksaan (Audit Result Report)

LTSA Licensed and Technical Service Agreement

MCU Medical Check-Up

MOU Memorandum of Understanding

MR Management Representative

MTN Medium Term Note

PAM Perusahaan Air Minum (Drinking Water Utility Company)

PC Pre-Stressed Concrete


Perseroan PT Wijaya Karya Beton Tbk.

PIC Person in Charge

PKB Perjanjian Kerja Bersama (Collective Labor Agreement)

PKBL Program Kemitraan Bina Lingkungan (Partnership and Community Development Program)

PKPT Program Kerja Pemeriksaan Tahunan (Annual Audit Program)

POS Prosedur Operasi Standar (Standard Operating Procedure)

PPB Pabrik Produk Beton (Concrete Product Factory)

PPU Pelaksana Pengelolaan Usaha (Business Management Section)

PRM Project Risk Management

PT Perseroan Terbatas (Limited Liability Company)

R&D Research & Development

RAPBN Rancangan Anggaran Pendapatan dan Belanja Negara (State Budget Plan)

RJPP Rencana Jangka Panjang Perusahaan (Corporate Long-term Plan)

RKAP Rencana Kerja dan Anggaran Perusahaan (Company’s Work and Budget Plan)

RPJP Rencana Pembangunan Jangka Panjang (Long-term Development Plan)

RUPS Rapat Umum Pemegang Saham (General Meeting of Shareholders)

SA Sales Area

SBU Strategic Business Unit

SDM Sumber Daya Manusia (Human Capital)

SK Surat Keputusan (Decision Letter)

SKBDN Surat Kredit Berdokumen Dalam Negeri (Letter of Credit)

SMK3 Sistem Manajemen Keselamatan dan Kesehatan Kerja (Occupational Health and Safety System)

SNI Standar Nasional Indonesia (Indonesian National Standard)

SOE State-owned Enterprise

SOP Standard Operating Procedure

SPI Satuan Pengawasan Intern (Internal Audit)

Tbk Terbuka (Listed)

WIKA PT Wijaya Karya (Persero) Tbk.

WIKA Kobe PT Wijaya Karya Komponen Beton

WIKA Kraton PT Wijaya Karya Krakatau Beton

WP Wilayah Penjualan (Sales Area)


Kesinambungan TemaTheme ContinuityTema 20182018 Theme

1

Daftar Istilah dan SingkatanList of Terms and Abbreviations

2

Daftar IsiContents

4

Kinerja Unggul 2018 Key Performance 2018

6

01.Kilas Kinerja HIGHLIGHTS OF THE YEAR

Ikhtisar Keuangan Financial Highlights

12

Ikhtisar Operasional Opeartional Highlights

16

Ikhtisar SahamStock Highlights

16

Aksi Korporasi Corporate Action

18

Ikhtisar Obligasi, Sukuk, atau Obligasi Konversi Highlights of Bonds, Sharia Bonds or Convertible Bonds

18

Peristiwa Penting Significant Events

19

02.Laporan Manajemen MANAGEMENT REPORT

Laporan Dewan Komisaris Remarks from the Board of Commissioners

24

Laporan Direksi Remarks from the Board of Directors

34

Surat Pernyataan Anggota Dewan Komisaris dan Anggota Direksi Tentang Tanggung Jawab atas Laporan Tahunan 2018 PT Wijaya Karya Beton Tbk.Statement from Member of the Board of Commissioners and the Board of Directors Concerning Accountability for PT Wijaya Karya Beton Tbk. 2018 Annual Report

48

03.Profil Perusahaan COMPANY PROFILE

Informasi Perusahaan Corporate Information

52

Sekilas PerusahaanThe Company at a Glance

54

Penjelasan Logo Perusahaan The Company's Logo Rationale

56

Visi dan Misi Vision and Mission

57

Jejak Langkah Milestones

58

Nilai-Nilai Budaya Kerja Perusahaan dan ParadigmaCorporate Culture, Values and Paradigm

60

Bidang Usaha Line of Business

61

Struktur Organisasi Organizational Structure

72

Profil Dewan Komisaris Board of Commissioners' Profile

74

Profil Direksi Board of Directors' Profile

81

Profil Pejabat Eksekutif Executive Officers' Profile

88

Sumber Daya Manusia Human Capital

96

Komposisi Pemegang SahamShareholders Composition

104

Struktur Grup Perusahaan The Company's Group Structure

110

Daftar Entitas Anak dan Entitas Asosiasi Subsidiaries and Association List

110

Informasi Entitas Anak Information on Subsidiaries

111

Kronologis Pencatatan Saham Share Listing Chronology

114

Kronologis Penerbitan dan Pencatatan Efek Lainnya Chronology of Other Issuance and Stock Listing

117

Nama dan Alamat Lembaga dan/atau Profesi Penunjang Name and Address of Supporting Institution and/or Profession

117

Penghargaan dan SertifikasiAwards and Certifications

120

Wilayah Kerja dan Peta OperasionalBusiness Region and Operational Maps

122

Wilayah Operasional, Jaringan Usaha, dan Alamat Entitas Anak Serta Kantor Cabang/Wilayah Penjualan/Pabrik/Crushing PlantOperational Area, Business Network, and Address of Subsidiaries and Branch Office/Sales Area/Plant/Crushing Plant

124

Informasi Pada Situs Web PerusahaanInformation in the Company's Website

127

Pendidikan dan/atau Pelatihan Dewan Komisaris, Direksi, Komite-Komite, Sekretaris Perusahaan, dan Unit Audit Internal Education and/or Training of the Board of Commissioners, the Board of Directors, Committees, Corporate Secretary, and Internal Audit Unit

128

04.Fungsi Penunjang Bisnis BUSINESS SUPPORT FUNCTIONS

Sumber Daya Manusia dan Pengelolaan Talenta Human Capital Management

134

Teknologi Informasi Information Technology

145

05.Analisis dan Pembahasan Manajemen MANAGEMENT DISCUSSION AND ANALYSIS

Tinjauan Ekonomi Makro Macroeconomic Review

150

Rencana Kerja dan Kebijakan Strategis 2018 Work Plan and Strategic Policies in 2018

152

Segmen OperasiOperation Segments

156

Segmen GeografisGeographical Segment

168

Tinjauan Keuangan Financial Review

169

Kemampuan Membayar Utang dan Tingkat Kolektibilitas Piutang Solvency and Receivables Collectability

182

Struktur Modal dan Kebijakan Manajemen atas Struktur Modal Capital Structure and Management Policy to Capital Structure

183

Ikatan yang Material untuk Investasi Barang Modal Material Commitments for Investment in Capital Goods

184

Perbandingan antara Target Anggaran Tahun 2018, Realisasi Tahun 2018, dan Proyeksi Tahun 2019 Comparison between Budget Target in 2018, Realization in 2018, and Projection in 2019

186

Informasi dan Fakta Material yang Terjadi Setelah Tanggal Laporan Akuntan Significant Subsequent Events

190

Prospek Usaha Business Prospects

191

Daftar IsiCONTENTS

>> Proyek Trackwork LRT Kelapa Gading - Velodrome Jakarta LRT Trackwork Project Kelapa Gading - Velodrome Jakarta


Aspek Pemasaran Marketing Aspects

193

Kebijakan Dividen Dividend Policy

195

Kontribusi Terhadap Negara Contribution to the State

197

Program Kepemilikan Saham oleh Karyawan dan/atau Manajemen (ESOP/MSOP) Employee and/or Management Stock Ownership Program (ESOP/MSOP)

198

Realisasi Penggunaan Dana Hasil Penawaran UmumRealization of the Use of IPO Proceeds

198

Informasi Material Mengenai Investasi, Ekspansi, Divestasi, Penggabungan Usaha, Akuisisi, dan/atau Restrukturisasi Utang/Modal Material Information on Investment, Expansion, Divestation, Merger, Acquisition, and/or Debt/Capital Restructuring

199

Informasi Transaksi Material yangMengandung Benturan Kepentingan dan/atau Transaksi Dengan Pihak Afiliasi/Pihak Berelasi dan Realisasinya Material Transaction Containing Conflict ofInterests and/or Transaction with AffiliatedParties/Related Parties and its Realization

199

Perubahan Peraturan Perundang-Undangan Yang Berpengaruh Signifikan Terhadap Perseroan Changes In Laws and RegulationsSignificantly Affecting the Company

201

Perubahan Kebijakan Akuntansi dan dampaknya Terhadap PerseroanChange in Accounting Policies and Its Impact on the Company

201

Informasi Kelangsungan UsahaInformation on Business Continuity

202

06.Tata Kelola Perusahaan CORPORATE GOVERNANCE

Dasar Penerapan dan Komitmen Penerapan GCG General Principles and Commitment of Good Corporate Governance

206

Tujuan Penerapan GCG Purposes of GCG Implementation

211

Sosialisasi Kebijakan GCG Tahun 2018Socialization of GCG 2018

211

Roadmap Implementasi GCG Roadmap GCG Implementation

212

Penilaian Penerapan GCG Tahun 2018Evaluation of GCG Implementation 2018

213

Penilaian Penerapan GCG Aspek DewanKomisaris dan Direksi dan Tindak Lanjutnya (2018-2019)Evaluation of GCG Implementation on Board of Commissioners and Board of Directors Aspect (2018-2019)

215

Kerangka, Struktur, dan Mekanisme GCGGCG Framework, Structure and Mechanism

217

Rapat Umum Pemegang Saham (RUPS)General Meeting of Shareholders (GMS)

220

Dewan Komisaris Board of Commissioners

238

Direksi Directors

266

Hubungan Kerja Antara Dewan Komisaris dan DireksiWork Relation Between Board of Commissioners and Board of Directors

282

Penilaian Kinerja Dewan Komisaris dan DireksiBoard of Commissioners and Directors Performance Evaluation

283

Remunerasi Dewan Komisaris dan DireksiBoard of Commissioners and Directors Remuneration

288

Informasi Mengenai Pemegang Saham Utama dan Pengendali Baik Langsung Maupun Tidak Langsung Sampai Kepada Pemilik IndividuInformation on Main and Controlling Shareholders Both Directly and Indirectly to Individual Owners

291

Pengungkapan Hubungan Afiliasi AnggotaDireksi, Dewan Komisaris dan PemegangSaham Utama dan/atau PengendaliDisclosure of Affiliations Between the Members of the Board of Directors, Commissioners and Main and/or Controlling Shareholders

292

Uraian Mengenai Komite di Bawah Dewan Komisaris Explanation on Committee Under the Board of Commissioners

293

Komite Audit dan Risiko UsahaAudit and Business Risk Committee

293

Komite Nominasi dan RemunerasiNomination and Remuneration Committee

302

Komite Good Corporate Governance (GCG)Good Corporate Governance Committee

308

Sekretaris Perusahaan Corporate Secretary

314

Unit Audit Internal/Satuan Pengendalian Internal Internal Audit Unit

320

Kantor Akuntan Publik (KAP) Public Accountant Firm

329

Manajemen Risiko Risk Management

332

Sistem Pengendalian Internal Internal Control System

339

Perkara Hukum Tahun 2018Lawsuits on 2018

343

Sanksi Administratif Administrative Sanction

343

Laporan atas Aktivitas Perseroan yangMencemari Lingkungan Report on Company Activities That’s Harmful to the Environment

344

Tata Kelola Sistem Informasi dan Komunikasi Information and Communication System Management

344

Akses dan Transparansi Informasi Information of Access and Transparency

346

Kode Etik dan Budaya Perseroan Company Code of Conduct and Culture

350

Pakta Integritas The Integrity Pact

353

Kebijakan Gratifikasi dan Donasi Gratifications and Donations Policy

354

Kebijakan Insider TradingInsider Trading Policy

356

Kebijakan Anti-KorupsiAnti-Corruption Policy

356

Kebijakan Pengadaan Barang dan JasaGoods and Services Procurement Policy

357

Sistem Pelaporan Pelanggaran Whistleblowing System

361

Keberagaman Komposisi Dewan Komisaris dan DireksiBoard of Commissioners and Board of Directors Composition Diversity

366

Praktik Bad Governance Bad Governance Practices

370

Penerapan atas Pedoman Tata KelolaPerusahaan Terbuka di PerseroanImplementation on Good Corporate Governance Guidelines for PublicCompany in the Company

371

07.Tanggung Jawab Sosial Perusahaan CORPORATE SOCIAL RESPONSIBILITY

Dasar Hukum Penerapan Tanggung JawabSosial Perusahaan Legal Basis of Corporate Social Responsibility Implementation

388

Prinsip dan KebijakanPrinciples and Policies

391

Organisasi, Penanggung Jawab,dan PengelolaOrganization, Responsibility, and Manager

392

Kaleidoskop CSR 2018CSR Kaleidoscope in 2018

394

Tanggung Jawab Sosial Terhadap Lingkungan HidupSocial Responsibilities Towards the Environment

395

Tanggung Jawab Terhadap Ketenagakerjaan, Kesehatan dan Keselamatan Kerja (K3)Responsibility Toward Employment, Occupational Health and Safety (OHS)

401

Tanggung Jawab Sosial Terhadap Sosial dan MasyarakatSocial Responsibility Toward Social and Community

409

Tanggung Jawab Sosial Terhadap KonsumenSocial Responsibility for Consumers

411

Referensi Silang Kriteria Annual Report Award 2016Cross Reference of Annual Report Award 2016 Criteria

414

Informasi Keuangan FINANCIAL INFORMATION

6 PT Wijaya Karya Beton Tbk. | Laporan Tahunan 20186 PT Wijaya Karya Beton Tbk. | Laporan Tahunan 2018

Kekuatan ProduksiProduction Power

Pabrik Produk BetonConctrete Product Factory

Mobile Plant

Crushing Plant

14 13

Kekuatan Pemasaran dan Layanan Penjualan

Marketing Strengths and Sales Services

Wilayah PenjualanSales Area7

2018• Tol Layang A.P. Pettarani

Makassar• Tol Balikpapan- Samarinda• PLTU Batang• Tangguh Expansion Projects

• A.P. Pettarani Flyover Toll Road, Makassar

• Balikpapan- Samarinda Toll Road • Batang Steam Power Plant (PLTU)• Tangguh Expansion Projects

Kinerja Unggul 2018 KEY PERFORMANCE 2018

Kantor RepresentatifRepresentative Office

4

Proyek Projects

7 Annual Report 2018 | PT Wijaya Karya Beton Tbk. 7 Annual Report 2018 | PT Wijaya Karya Beton Tbk.

Pertumbuhan Pendapatan Revenue Growth

Pertumbuhan Laba Setelah Pajak Profit Growth After Tax

29,25%dari Rp5.362.263 di Tahun 2017

menjadi Rp6.930.628 di Tahun 2018from Rp5,362,263 in 2017

to Rp6,930,628 in 2018

42,94%dari Rp340.459 di Tahun 2017

menjadi Rp486.640 di Tahun 2018from Rp340,459 in 2017 to Rp486,640

in 2018

1. Kereta Cepat Jakarta – Bandung

2. Dermaga Kijing – Mempawah

3. Jalan Tol Antasari - Depok

4. Tol Kunciran Cengkareng

5. Pembangunan Pengaman Muara Sungai Ijo Kebumen

6. Jembatan Tahang

7. PLTGU Tambak Lorok

8. Tol Lampung

9. Tangguh Expansion Project

10. Jembatan Sungai Tondano

Perolehan nilai kontrak proyek sebesar Rp7,663 triliun di tahun 2018 yang meliputi proyek:Achievements in project contract values of Rp7.633 trillion in 2018 that covers these projects:

1. Jakarta - Bandung High Speed Railway

2. Kijing - Mempawah Port

3. Antasari - Depok Toll Road

4. Kunciran Cengkareng Toll Road

5. Construction of Estuary Protection in Sungai Ijo Kebumen

6. Tahang Bridge

7. PLTGU Tambak Lorok

8. Lampung Toll Road

9. Tangguh Expansion Project

10. Tondano River Bridge


• Menjadi satu-satunya peraih penghargaan Top 100 Most Valuable Indonesian Brands 2018 yang bergerak di industri beton pracetak dalam ajang penghargaan yang digelar oleh Brand Finance dan Majalah SWA.

• Sebagai Pengembangan Talenta Terbaik II BUMN Tbk dalam perhelatan 7th Anugerah BUMN 2018 yang digagas oleh BUMN Track dan didukung oleh PPM Manajemen.

• Indonesia Fastest Growing New Public Company 2018 untuk kategori Basic Industry & Chemical di ajang Best Public Companies Award 2018.

• Bronze Winner "Promising Company in Branding Campaign" kategori Anak Perusahaan BUMN dalam ajang BUMN Marketeers Awards.

• Menjadi Indonesia Most Creative Companies 2018 yang diselenggarakan oleh SWA Media dan PPM Manajemen.

• Indonesia Most Innovative Business Award 2018 sebagai Excellent Company for Business Process Innovation in Cement Sector.

• Masuk jajaran 25 Perusahaan dalam Indeks SRI KEHATI untuk ketiga kalinya.

• Sertifikat Penghargaan dan Bendera Emas Sistem Manajemen Keselamatan dan Kesehatan Kerja SMK3 dari Kementerian Ketenagakerjaan.

• Meraih Top 5 Social Business Innovation Company 2018 Category Cement yang diadakan oleh Warta Ekonomi.

• Meraih dua penghargaan sekaligus dalam acara BUMN Branding & Marketing Award 2018, yaitu The Best Branding dan Enhancing Competitiveness Through Technology from Agro, Manufacturing & Mining Sector yang diselenggarakan oleh BUMN Track.

• Meraih dua penghargaan sekaligus, yaitu Top IT on WTON Mobile App dan Top Digital Transformation Readiness dalam acara Top IT & Top Telco Award 2018 yang diselenggarakan oleh Majalah IT Works.

• Top 50 Emiten Mid-Cap oleh Indonesian Institute for Corporate Director (IICD).

Pengakuan dari Berbagai Institusi Acknowledgement from Various Institutions

• The only one awarded the Top 100 Most Valuable Indonesian Brands 2018 in the precast concrete industry in the award ceremony held by Brand Finance and SWA Magazine.

• As Best Talent Development II Public SOE in the 7th Anugerah BUMN 2018 that was held by BUMN Track and supported by PPM Manajemen.

• Indonesia Fastest Growing New Public Company 2018 in the Basic Industry & Chemical in Best Public Companies Award 2018.

• Bronze winner for “Promising Company in Branding Campaign” in the SOE Subsidiary Category in the BUMN Marketeers Awards.

• Awarded Indonesia Most Creative Companies 2018 held by SWA Media and PPM Manajemen.

• Awarded Indonesia Most Innovative Business Award 2018 as Excellent Company for Business Process innovation in Cement Sector.

• Ranked in the 25 Companies in SRI KEHATI Index for the third year in a row.

• Received a certificate of Appreciation and Gold Flag for Occupational Health and Safety Management System SMK3 from the Ministry of Labor.

• Awarded the Top 5 Social Business Innovation Company 2018 in Cement Category by Warta Ekonomi.

• Awarded 2 awards in BUMN Branding & Marketing Award 2018, The Best Branding and Enhancing Competitiveness through Technology from Agro, Manufacturing & Mining Sector that was held by BUMN Track.

• Achieved 2 awards, top IT on WTON Mobile App and Top Digital Transformation Readiness in Top IT & Top Telco Award 2018 held by IT Works Magazine.

• Top 50 Mid-Cap Entity by Indonesian Institute for Corporate Director (IICD).

Kinerja Unggul 2018 KEY PERFORMANCE 2018


SKOR ASSESSMENT GCG YANG TINGGI SEBESAR 88,46 DENGAN KATEGORI PENILAIAN “SANGAT BAIK” YANG MENCERMINKAN

KEBERHASILAN PERSEROAN DALAM MENERAPKAN GCG SECARA EFEKTIF.

HIGH GCG ASSESSMENT SCORE OF 88.46 WITH ASSESSMENT CATEGORY “VERY GOOD” THAT REFLECTS ON THE COMPANY’S ACHIEVEMENT IN

EFFECTIVELY IMPLEMENTING GCG.

Kinerja Keuangan yang SolidSolid Financial Performance

Pertumbuhan Pendapatan Usaha sebesar 29,25% menjadi Rp6,93 triliun di tahun 2018

dari Rp5,36 triliun di tahun 2017.Revenue growth of 29,25%to Rp6.93 trillion

in 2018 from Rp5.36 trillion in 2017.

Pertumbuhan jumlah Aset sebesar 25,66% dari Rp7,07 triliun di tahun 2017 menjadi

Rp8,88 triliun di tahun 2018.Growth in Total Asset of 25.66% from Rp7.07

trillion in 2017 to Rp8.88 trillion in 2018.

Peningkatan Laba Tahun Berjalan sebesar 42,94% hingga mencapai Rp486,64 miliar di tahun 2018

dari Rp340,46 miliar di tahun 2017.Growth in Current Year Income of 42.94% to reach

Rp486.64 billion in 2018 from Rp340.46 billion in 2017.

Likuiditas terjaga yang tercermin dari kenaikan jumlah Ekuitas sebesar 14,15% dari Rp2,75 triliun

di tahun 2017 menjadi Rp3,14 triliun di tahun 2018.Liquidity is maintained, reflected from the increase in

Equity of 14.15% from Rp2.75 trillion in 2017 to Rp3.14 trillion in 2018.

Kenaikan Laba Bersih per Saham sebesar 44,26% dari Rp38,68 di tahun 2017 menjadi

Rp55,80 di tahun 2018.Growth in Net Income per Share of 44.26% from

Rp38.68 in 2017 to Rp55.80 in 2018.

Cash flow operasi pada posisi positif sebesar Rp733,38 miliar yang mampu mendorong

pertumbuhan kinerja Perseroan.Positive growth in operational cash flow of

Rp733.83 billion that is able to support the performance and investment growth

of the Company.

Pendapatan Usaha Revenue

Jumlah Aset Total Assets

Laba Tahun Berjalan Current Year Income

Ekuitas Equity

Laba Bersih Per Saham Net Income Per Share

Cash Flow OperasiOperational Cash Flow

29,25%

25,66%

42,94%

14,15%

44,26%

Rp733,38 miliarbillion

Kilas Kinerja HIGHLIGHTS OF THE YEAR



Ikhtisar Keuangan FINANCIAL HIGHLIGHTS

Laporan Laba Rugi dan Penghasilan Komprehensif Lain KonsolidasianConsolidated Statements of Profit or Loss and Other Comprehensive Income Dalam jutaan Rupiah / In million Rupiah

KeteranganRemarks 2018 2017 2016 2015 2014

Pertumbuhan Growth (%)

CAGR2014-2018

Pendapatan Bersih Net Revenues

6.930.628 5.362.263 3.481.732 2.652.622 3.277.195 29,25% 20,59%

Beban Pokok Pendapatan Cost of Revenues

(6.048.206) (4.695.624) (2.977.299) (2.324.039) (2.790.105) 28,81% 21,34%

Laba Kotor Gross profit

882.422 666.639 504.433 328.583 487.090 32,37% 106,31%

Beban Usaha Operating Expenses

(149.876) (136.281) (96.174) (90.150) (76.888) 9,98% 18,16%

Laba Usaha Operating profit

732.546 530.359 408.258 238.433 410.202 38,12% 15,60%

Pendapatan (Beban) Bunga Interest Income (Expenses)

(89.852) (84.722) (40.167) (25.941) 6.031 6,06% 96,46%

Pendapatan (Beban) Lain-lain Other Income (Expenses)

(23,442) (26.135) (27.251) (12.780) (3.408) (10,30%) 61,95%

Laba Sebelum Pajak Profit before Tax

619.251 419.501 340.840 199.711 412.825 47,62% 10,67%

Beban Pajak Penghasilan Income Tax Expenses

(132.611) (79.042) (58.692) (27.750) (89.117) 67,77% 10,45%

Laba Tahun Berjalan Profit for the Year

486.640 340.459 282.148 171.962 323.708 42,94% 10,73%

Penghasilan (Beban) Komprehensif Lain Other Comprehensive Income (Expenses)

3.380 (2.042) (3.520) (13.216) (5.045) (265,52%) (9,53%)

Laba Komprehensif Comprehensive Income

490.020 338.417 278.628 158.746 318.663 44,80% 11,36%

LABA YANG DAPAT DIATRIBUSIKAN KEPADA: INCOME ATTRIBUTABLE TO:

Pemilik Entitas Induk Owners of The Parent Entity

486.353 337.124 273.007 174.056 329.813 44,27% 10,20%

Kepentingan Non Pengendali Non-Controlling Interest

287 3.335 9.141 (2.094) (6.105) (91,39%) (53,44%)

Jumlah Laba Tahun Berjalan Total Profit for the Year

486.640 340.459 282.148 171.962 323.708 42,94% 10,73%

LABA KOMPREHENSIF YANG DAPAT DIATRIBUSIKAN KEPADA: COMPREHENSIVE INCOME ATTRIBUTABLE TO:

Pemilik Entitas Induk Owners of The Parent Entity

489.638 334.995 269.487 160.840 324.768 46,16% 10,81%

Kepentingan Non Pengendali Non-Controlling Interest

382 3.422 9.141 (2.094) (6.105) (88,84%) (49,99%)

Jumlah Laba Komprehensif Total Comprehensive

490.020 338.417 278.628 158.746 318.663 (85,52%) (37,38%)

Laba Bersih Per Saham (dalam Rupiah penuh) Earnings Per Share (in full Rupiah)

55,80 38,68 31,32 19,97 37,84 144,26% 10,20%

PROFIL PERUSAHAANCom

pany ProfileTANGGUNG JAW

AB SOSIAL PERUSAHAANCorporate Social Responsibility

LAPORAN MANAJEM

ENM

anagement Report

TATA KELOLA PERUSAHAANCorporate Governance

ANALISIS DAN PEMBAHASAN M

ANAJEMEN

Managem

ent Discussion and AnalysisFUNGSI PENUNJANG BISNISBusiness Support Functions

KILAS KINERJAHighlights of the Year


2016 2017 20182016 2017 2018

2016 2017 2018

2016 2017 2018

2016 2017 2018

2016 2017 2018

Laba Komprehensif yang Dapat Diatribusikan Kepada Pemilik Entitas Induk

Comprehensive Income Attributable to Equity Holders of the Parent Entity

Laba Bersih per Saham (dalam Rupiah Penuh)Earnings Per Share

(in full rupiah)

Dalam jutaan Rupiah/In million Rupiah

Laba KomprehensifComprehensive Income

Laba Tahun Berjalan yang Dapat Diatribusikan Kepada Pemilik Entitas Induk

Income Attributable to Equity Holders of the Parent Entity

Pendapatan Usaha Operating Profit

Laba Tahun BerjalanProfit of the Year

3.48

1.73

2 5.36

2.26

3

6.93

0.62

8

282.14

8

340.45

9

486.64

0

273.00

7 337.124

278.62

8

338.41

7

490.02

0

486.35

3

269.48

7

334.99

5

31,32

38,68 55

,80

489.63

8


2016 2017 2018

Laporan Posisi Keuangan KonsolidasianConsolidated Statement of Financial Position

Dalam jutaan Rupiah/In million Rupiah


Pertumbuhan Growth (%)

CAGR2014-2018

ASET ASSETSAset Lancar Current Assets

5.870.714 4.351.377 2.439.937 2.454.909 2.127.365 34,92% 28,89%

Aset Tetap Fixed Asset

2.947.961 2.679.459 2.219.224 1.997.515 1.671.205 10,02% 15,25%

Aset Tidak Lancar Lainnya Other Non-Current Assets

4.380 4.380 3.197 3.852 4.089 0,00% 1,73%

Aset Pajak Tangguhan Deferred Tax Assets

1.312.528 - - - - 100% -

Investasi pada Entitas Asosiasi Investments in Associates

25.614 25.374 - - - 0,95% -

Investasi pada Ventura Bersama Investments in Joint Ventures

31.796 7.386 - - - 330,49% -

Jumlah Aset Total Assets

8.881.778 7.067.976 4.663.078 4.456.276 3.802.659 25,66% 23,62%

LIABILITAS LIABILITIESLiabilitas Jangka Pendek Current Liabilities

5.248.086 4.216.314 1.863.794 1.793.465 1.509.857 24,47% 36,54%

Liabilitas Jangka Panjang Non-Current Liabilities

496.880 103.726 308.051 399.208 90.210 (52,10%) 53,20%

Jumlah Liabilitas Total Liabilities

5.744.966 4.320.041 2.171.845 2.192.672 1.600.067 32,98% 37,65%

EKUITAS EQUITYJumlah Ekuitas Total Equity

3.136.812 2.747.935 2.491.233 2.263.603 2.202.592 14,15% 9,24%

EKUITAS YANG DAPAT DIATRIBUSIKAN KEPADA:EQUITY ATTRIBUTABLE TO:Pemilik Entitas IndukOwners of Parent Entity

3.064.482 2.675.988 2.422.708 2.421.950 2.205.241 14,52% 8,57%

Kepentingan Non Pengendali Non-Controlling Interests

72.330 71.947 68.525 58.184 59.454 0,53% 5,02%

Penyertaan pada Entitas Anak Investments in Subsidiaries

356.615 356.615 356.615 356.615 269.812 0,00% 7,22%

Modal Kerja Bersih Net Working Capital

622.628 135.063 576.144 661.444 617.508 360,99% 0,21%

2016 2017 2018

Jumlah LiabilitasTotal Liabilities

Jumlah AsetTotal Assets

2016 2017 2018

Jumlah EkuitasTotal Equity

Ikhtisar Keuangan FINANCIAL HIGHLIGHTS

2.74

7.93

5

2.49

1.23

3

4.66

3.07

8 7.06

7.97

6

4.32

0.04

1

2.17

1.84

5

8.88

1.77

8

5.74

4.96

6

3.13

6.81

2




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Rasio-Rasio Keuangan Financial Ratios

KeteranganRemarks

SatuanUnit

2018 2017 2016 2015 2014 Pertumbuhan Growth (%)CAGR

2014-2018

RASIO LIKUIDITAS LIQUIDITY RATIORasio Kas Cash Ratio

% 16,48% 15,13% 18,36% 45,92% 68,78% 8,92% (30,04%)

Rasio Cepat Quick Ratio

% 88.88% 78,68% 93,65% 102,17% 110,59% 12,96% (5,32%)

Rasio Lancar Current Ratio

% 111,86% 103,20% 130,91% 136,88% 140,90% 8,39% (5,61%)

Modal Kerja Bersih Net Working Capital

% 8,98% 2,52% 16,55% 24,94% 18,84% 256,35% (16,91%)

Rasio Aktivitas Activity Ratio

Periode Pengumpulan Collection Period

haridays

63,89 83,01 68,51 78,45 53,00 (23,07%) 4,78%

Perputaran Persediaan Inventory Turnover

kalitimes

63,52 70,39 72,80 85,65 51,00 (9,76%) 5,64%

Perputaran Piutang Receivable Turnover

kalitimes

5,71 4,40 5,33 4,65 6,90 29,77% (4,62%)

Perputaran Aset Lancar Current Asset Turnover

kalitimes

1,18 1,23 1,43 1,08 1,50 (4,07%) (5,82%)

Perputaran Aset Tetap Fixed Assets Turnover

kalitimes

2,35 2,00 1,57 1,33 2,00 17,5% 4,11%

Perputaran Total Aset Total Asset Turnover

kalitimes

80,02 81,05 79,95 63,32 95,36 (1,27%) (4,29%)

Perputaran Modal KerjaWorking Capital Turnover

kalitimes

11,13 39,70 6,04 4,01 5,30 (71,96%) 20,38%

Rasio Leverage Leverage Ratio Rasio Total Utang terhadap Debt to Asset Ratio

% 64,68% 61,12% 46,58% 49,20% 42,10% 5,82% 11.33%

Rasio Kemampuan Membayar Bunga Times Interest Earned Ratio

% 789,2% 595,10% 947,10% 894,30% 6.745,10% 32,62% (41,51%)

Rasio Solvabilitas Solvency RatioRasio Hutang terhadap Ekuitas Debt to Equity Ratio

% 183,15% 157,21% 87,18% 96,87% 72,64% 16,50% 26,01%

Rasio Rentabilitas Rentability RatioMargin Laba Kotor Gross Profit Margin

% 12,73% 12,43% 14,49% 12,39% 14,86% 2,41% (3,79%)

EBITDA Margin % 13,49% 12,74% 14,86% 17,79% 15,00% 5,89% (2,62%)

Rasio Produksi Production Ratio

% 89,43% 90,11% 88,27% 88,27% 87,48% (0,75%) 0,55%

Margin Laba Bersih Net Profit Margin

% 7,02% 6,35% 8,10% 6,48% 10,06% 10,55% (8,60%)

Rasio Pengembalian atas Investasi Return on Investment (ROI)

% 8,18% 7,62% 11,83% 11,83% 14,06% 7,35% (12,66%)

Rasio Pengembalian atas Modal Kerja Return on Working Capital

% 1,14% 3,73% 8,96% 8,96% 11,63% (69,44%) (11,89%)

Rasio Pengembalian atas Ekuitas Return on Equity Ratio (ROE)

% 20,58% 17,82% 14,62% 14,62% 21,87% 15,49% (1,51%)

Rasio Pengembalian atas Aset Return on Assets (ROA)

% 5,48% 4,77% 5,98% 3,56% 8,38% 14,88% (4,50%)


Ikhtisar Operasional OPERATIONAL HIGHLIGHTS

Ikhtisar Saham STOCK HIGHLIGHTS

Kapasitas Produksi Beton Pracetak (ton)Production Capacity of Precast Concrete

2018 2017 2016 2015 2014

3.644.000 3.065.000 2.540.000 2.335.000 2.230.000

Produktivitas Produksi Beton Pracetak (%)Production Productivity of Precast Concrete

2018 2017 2016 2015 2014

91,60 103,00 85,10 80,00 87,40

Ikhtisar Operasional Quarry dan JasaOperational Overview of Quarry and Services

KeteranganRemarks

SatuanUnit

2018 2017 2016 2015 Pertumbuhan Growth (%)CAGR

2014-2018

PemancanganPiling

ProyekProject

3 3 4 1 0 44,2%

Post-Tension ProyekProject

239 224 166 125 6,7% 24,1%

Quarry m3 626.155 552.606 274.653 284.201 13,3% 30,1%Proyek/Instalasi

Project/InstallationProyekProject

5 4 4 - 25% 0%

PeriodePeriod

Jumlah Saham yang Beredar

Total Outstanding

Shares

Kapitalisasi PasarMarket

Capitalization

Harga Saham Tertinggi

Highest Stock Price(Rp)

Harga Saham Terendah

Lowest Stock Price(Rp)

Harga Penutupan

SahamClosing Price

(Rp)

Volume Perdagangan (dalam ribu saham)

Trading Volume(in thousand shares)

2017Triwulan IFirst Quarter

8.715.466.600 6.449.445.284.000 805 740 740 112.128.800

Triwulan IISecond Quarter

8.715.466.600 5.272.857.293.000 630 580 605 164.771.300

Triwulan IIIThird Quarter

8.715.466.600 5.708.630.623.000 680 535 655 519.911.900

Triwulan IVFourth Quarter

8.715.466.600 4.357.733.300.000 510 498 500 22.400.200

2018Triwulan IFirst Quarter

8.715.466.600 4.488.465.299.000 645 494 515 4.711.000

Triwulan IISecond Quarter

8.715.466.600 3.555.910.372.800 520 408 408 3.778.800

Triwulan IIIThird Quarter

8.715.466.600 3.172.429.842.400 428 356 364 5.979.800

Triwulan IVFourth Quarter

8.715.466.600 3.277.015.441.600 394 298 376 16.175.300




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Informasi Saham Perseroan Sejak Penawaran Umum Perdana (IPO) Hingga 31 Desember 2018Company Stock Information Since Initial Public Offering (IPO) Until December 31, 2018


Harga Tertinggi (Rp)Highest Price

645 805 1.075 1.440 1.325

Harga Terendah (Rp)Lowest Price

298 498 825 770 740

Harga Penutupan (Rp)Closing Price

376 500 825 825 1.300

Nilai Buku Per Saham (Rp)Book Value per Share

204,98 315,29 285,75 259,70 252,72

Price to Book Value (%) 1,83 1,59 2,89 3,18 5,14

Price to Earning Ratio (%) 12,93 12,88 26,39 41,35 34,36

Jumlah Saham Beredar Total Outstanding Shares

8.715.466.600 8.715.466.600 8.715.466.600 8.715.466.600 8.715.466.600

Grafik Harga Penutupan dan Volume Perdagangan Tahun 2018Closing Price and Trading Volume in 2018

0

150

300

450

600

750 100.000.000

Divi

dend

80.000.000

60.000.000

40.000.000

20.000.000

0

Jan

Harga Penutupan (dalam Rupiah)/Closing Price (in Rupiah)

Volume Perdagangan (dalam lembar saham)/Trading Volume (in shares)

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

376


Sepanjang tahun 2018, Perseroan tidak melakukan aksi korporasi

seperti pemecahan saham (stock split), penggabungan saham

(reverse stock), dividen saham, saham bonus, penurunan nilai

nominal saham, penghentian sementara perdagangan saham

(suspension), dan penghapusan pencatatan saham (delisting).

Dividen TunaiBerikut adalah tabel pembagian Dividen Tunai untuk Tahun Buku

2017 dan Tahun Buku 2018:

KeteranganRemarks

2018 2017 Kenaikan (Penurunan)Increase (Decrease)

Dividen kas yang dibagikanDistributed Cash Dividend

Rp101.140.994.048 Rp81.715.425.760 Rp19.425.568.288

Dividen per SahamDividend per Share

Rp12,13 Rp9,80 Rp2,33

Rasio Pembagian DividenDividend Payout Ratio

30,00% 30,00% -

Tanggal PengumumanAnnouncement Date

19 Maret 2018March 19, 2018

15 Maret 2017March 15, 2017

Tanggal PembayaranPayment Date

20 April 2018April 20, 2018

12 April 2017April 12, 2017

Throughout 2018, the Company did not make any corporate

action as stock split, reverse stock, share dividend, bonus shares,

decrease in share nominal value, suspension of share trading, and

delisting.

Cash DividendBelow is the table of Cash Dividend Distribution for Fiscal Year

2017 and 2018:

Aksi Korporasi CORPORATE ACTION

Ikhtisar Obligasi, Sukuk, atau Obligasi Konversi HIGHLIGHTS OF BONDS, SHARIA BONDS OR CONVERTIBLE BONDS

Hingga akhir tahun 2018, tidak terdapat informasi terkait jumlah

obligasi/sukuk/obligasi konversi yang beredar (outstanding),

tingkat bunga/imbalan, tanggal jatuh tempo, peringkat obligasi/

sukuk. Hal dikarenakan Perseroan tidak melakukan pencatatan

obligasi, sukuk atau obligasi konversi, maupun pencatatan efek

lainnya sepanjang tahun 2018.

Until the end of 2018, there’s no information relating to bonds/

sharia bonds/convertible bonds that are outstanding, interest rate/

reward, due date, bonds/sharia bonds ratings. This was due to the

Company not making any bonds/sharia bonds/convertible bonds

listing, as well as other securities listing throughout 2018.




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Peristiwa Penting SIGNIFICANT EVENTS

Seluruh jajaran Manajemen Perseroan dengan disaksikan oleh

Dewan Komisaris mengesahkan RKAP seluruh Unit Kerja tahun

2018 bertempat di Lampung pada 18 Januari 2018. Selain itu,

Perseroan juga secara resmi memperkenalkan nilai perusahaan

yang baru, yaitu ACE (Agility, Caring, Excellence) agar setiap

insan Perseroan mampu bertindak trengginas dan cepat terhadap

peluang dan perubahan bisnis, mampu proaktif dan peduli

terhadap pemangku kepentingan, serta mampu memberi hasil

unggul kepada pelanggan dan seluruh pemangku kepentingan.

18/01

19/01

Perseroan meresmikan Jalur Produksi ke-4 di Pabrik Produk

Beton (PPB) Lampung Selatan yang merupakan jalur putar modern

pertama yang menerapkan penggunaan teknologi produksi

dan sistem produksi terkini sehingga mampu meningkatkan

produktivitas hingga 3 kali lipat dibandingkan dengan sistem

produksi generasi sebelumnya.

All of the Company’s Management witnessed by the Board of

Commissioners ratified CBP of all Work Units in 2018 in Lampung

on January 18, 2018. Furthermore, the Company has also officially

introduced its new values, ACE (Agility, Caring, Excellence) so all

of its employees are able to act excellently and agile in response to

business opportunities and changes, able to be proactive and care

about the stakeholders, as well as able to give excellent results to

customers and all all stakeholders.

The Company inaugurated the 4th Production line in the Concrete

Product Plant (PPB) South Lampung that was the first modern

rotary track that implements the use of the latest production

technology and system so it is able to improve its productivity

3 times compared to the previous generation’s production system.


27/08

Penyelenggaraan Public Expose Tahunan di Ruang Foyer,

Gedung Bursa Efek Indonesia yang dimoderatori oleh Bapak

Bima Andriansyah Harimurti selaku perwakilan dari Divisi

Penilaian Perusahaan Group 2 PT Bursa Efek Indonesia.

Public Exposed was held at the Foyer of Indonesian Stock

Exchange Building that was moderated by Mr. Bima Andriansyah

Harimurti as representative of Group 2 Company Assessment

Division of PT Bursa Efek Indonesia.

Jajaran Manajemen Perseroan bersama Deputi Manajer Proyek

Light Rail Transit (LRT) Jakarta melakukan uji coba LRT Jakarta.

The Company’s Management along with Light Rail Transit (LRT)

Project Deputy Manager underwent a trial of LRT Jakarta.

21/08

Perseroan dan PT Margautama Nusantara (MUN) melalui Anak

Perusahaan, yaitu PT Bosowa Marga Nusantara (BMN) secara

resmi menandatangani Perjanjian Kontrak Desain dan Konstruksi

Jalan Tol Layang A.P. Pettarani (Seksi III) Makassar yang

berlangsung di The Ritz-Carlton Jakarta.

The Company and PT Margautama Nusantara (MUN), through its

subsidiary PT Bosowa Marga Nusantara (BMN) officially signed

Design and Construction Contract Agreement for A.P. Pettarani

Flyover Toll Road (Section III) Makassar that took place in The Ritz-

Carlton, Jakarta.

02/0419/03

Penyelenggaraan Rapat Umum Pemegang Saham Tahunan

(RUPST) di Main Hall Gedung Bursa Efek Indonesia yang dihadiri

oleh 6.391.037.889 saham atau mewakili 76,647% dari jumlah

saham yang dikeluarkan oleh Perseroan (tidak termasuk saham

treasuri). Pada acara RUPST ini, terdapat 7 agenda yang dibahas

salah satunya mengenai pembagian dividen sebesar 30% dari

laba bersih yang diperoleh pada tahun 2017 atau senilai Rp101,1

miliar kepada para Pemegang Saham.

The Annual General Meeting of Shareholders (AGMS) was held at

the Main Hall of Indonesian Stock Exchange Building, attended by

6,391,037,889 shares or representing 76.647% of the total shares

listed by the Company (excluding treasury shares). In this AGMS,

7 agendas were discussed, one of which was about dividend

distribution of 30% of the Net Income received in 2017 or about

Rp101.1 billion to shareholders.

Peristiwa PentingSIGNIFICANT EVENTS




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WIKA Beton siap meningkatkan ekspansi usaha bidang beton pracetak di wilayah Indonesia Timur melalui penandatanganan Perjanjian Penggunaan Tanah Industri antara WIKA Beton dengan PT Kawasan Industri Makassar (PT KIMA) seluas + 4,45 Ha.

Peluang pasar precast concrete di Indonesia Timur yang terbilang cukup besar hingga 5 tahun mendatang membuat WIKA Beton

19/12

Menteri Pekerjaan Umum dan Perumahan Rakyat (PUPR), Basuki

Hadimuljono, melakukan kunjungan kerja ke Pabrik WIKA Beton di

Subang dan berkesempatan untuk meninjau struktur pelengkung

yang dicetak untuk digunakan di Jembatan Tumbang-Samba

Kalimantan Tengah.

Minister of Public Works and Housing, Basuki Hadimuljono, made

a work visit to Subang WIKA Beton plant and had the chance to

see the curved structure that was cast to be used for the Tumbang-

Samba Bridge in Central Kalimantan.

06/11

04/12

Penandatanganan perjanjian pengadaan produk beton pracetak

Aquapond yang digunakan untuk tangki penyimpanan air antara

Yamau Co., Ltd dan PT Wijaya Karya Beton Tbk.

Signing of agreement between Yamau Co., Ltd and PT Wijaya

Karya Beton Tbk. regarding the procurement of Aquapond precast

concrete products which will be used for water storage tanks

14/11

Penandatanganan Perjanjian antara PT Wijaya Karya Beton Tbk.

dengan PT Sinarbali Binakarya tentang kerja sama pembangunan

Rumah Beton (RISHA).

Signing of agreement between PT Wijaya Karya Beton Tbk. and

PT Sinarbali Binakarya regarding the cooperation in building

Rumah Beton (RISHA).

melalui Pabrik Produk Beton Sulawesi Selatan (PPB Sulsel) mengembangkan jalur produksi salah satunya untuk memenuhi kebutuhan beton pracetak pada proyek pembangunan Tol Layang A.P. Pettarani Makassar. Penambahan lahan ini juga menjadi solusi atas kebutuhan lahan stockyard PPB Sulsel. Kedepannya, lahan ini akan digunakan untuk menunjang pelaksanaan proyek strategis lainnya di wilayah Indonesia Timur.

WIKA Beton is ready to expand its business in precast concrete in Eastern Indonesia through the Agreement Signing of the Industrial Land Usage between WIKA Beton with PT Kawasan Industri Makassar (PT KIMA) for + 4.45 Ha land.

The opportunity for precast concrete market in Eastern Indonesia is considered quite big for the next 5 years that made WIKA Beton through its Southern Sulawesi Concrete Product Plant (PPB Sulsel) to develop production lines, one of which to meet the needs for precast concrete at the A.P. Pettarani Makassar Flyover Toll Road construction. This additional land is also a solution for the needs for PPB Sulsel stockyard land. Going forward, this land will be used to support other strategic projects in Eastern Indonesia.

Laporan Manajemen MANAGEMENT REPORT



Foto/Photo: Faiz Abdurahman (Instagram: @abdfaiz)


DEWAN KOMISARIS MENILAI BAHWA DIREKSI SECARA KESELURUHAN TELAH MENUNJUKKAN KINERJA YANG BAIK SEPANJANG TAHUN 2018. KEBERHASILAN INI TIDAK LEPAS DARI BERBAGAI STRATEGI YANG DIIMPLEMENTASIKAN SECARA EFEKTIF DAN SESUAI DENGAN TARGET YANG TELAH DICANANGKAN.

Laporan Dewan KomisarisREMARKS FROM THE BOARD OF COMMISSIONERS

Bambang PramujoKomisaris Utama | President Commissioner

THE BOARD OF COMMISSIONERS CONSIDERS THAT THE BOARD OF DIRECTORS HAS SHOWN GOOD PERFORMANCE THROUGHOUT 2018. THIS SUCCESS WAS CLOSELY RELATED TO THE EFFECTIVELY IMPLEMENTED STRATEGY AND WAS IN LINE WITH THE TARGETS THAT HAD BEEN SET.





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Dear Respected Shareholders and Stakeholders,

Representing the Board of Commissioners,

first of all I would like to take this opportunity

to express my gratitude of His blessings for

the achievement of the Company’s positive

performance in 2018.

Entering 2018, the dynamics of the

global economy occurred especially in

the first and second quarters, due to the

normalization of the policies of the Central

Bank of the United States (US) or The

Federal Reserve (Fed) which ultimately had

brought an impact of liquidity tightening.

Expansive policies implemented by

the United States by cutting taxes and

encouraging expenditures, coupled with

trade wars between the United States

and China has increasingly made global

economic conditions uncertain. The

global economic turmoil has quite brought

an impact on the national economy.

The IMF projected Indonesia’s economic

growth at the end of 2018 at 5.1%, in its

October 2018 World Economic Outlook

(WEO) report, lower than the economic

growth targeted by the Indonesian

government in the 2018 State Budget, i.e.

at 5.4%.

Para Pemegang Saham dan Pemangku Kepentingan yang Terhormat,

Mewakili Dewan Komisaris, pertama-tama

saya ingin menggunakan kesempatan ini

untuk menyampaikan ungkapan syukur

kehadirat-Nya atas pencapaian kinerja

positif Perseroan selama tahun 2018.

Memasuki tahun 2018, perubahan

dinamika ekonomi global terjadi terutama

pada kuartal I dan II yang disebabkan

oleh normalisasi kebijakan Bank Sentral

Amerika Serikat (AS) atau The Federal

Reserve (The Fed) yang pada akhirnya

berdampak pada pengetatan likuiditas.

Kebijakan ekspansif yang diterapkan oleh

Amerika Serikat dengan memotong pajak

dan mendorong belanja, ditambah dengan

perang dagang antara Amerika Serikat

dan China semakin membuat kondisi

ekonomi global menjadi tidak menentu.

Gejolak ekonomi global tersebut cukup

berdampak pada perekonomian nasional.

IMF memproyeksikan pertumbuhan

ekonomi Indonesia di akhir tahun 2018

sebesar 5,1%, dalam laporannya yang

berjudul World Economic Outlook

(WEO) Oktober 2018, lebih rendah dari

target pertumbuhan perekonomian

yang ditargetkan pemerintah Indonesia

sebesar 5,4% di APBN 2018.


Sebaliknya, industri beton pracetak tumbuh cukup signifikan di

tahun 2018 yang disebabkan oleh pertumbuhan infrastruktur

yang sangat pesat, yang mana hal ini berimbas positif terhadap

kinerja Perseroan secara keseluruhan.

Evaluasi Kinerja Perseroan dan Direksi

Dewan Komisaris menilai bahwa Direksi secara keseluruhan

telah menunjukkan kinerja yang baik sepanjang tahun 2018,

yang tercermin dari indikator-indikator keuangan yang tersaji

pada Laporan Keuangan Auditan Tahun Buku 2018. Bila dilihat

dari Laporan Laba Rugi Konsolidasian, Perseroan membukukan

Pendapatan Usaha yang meningkat 29,25% menjadi Rp6,93

triliun dari tahun sebelumnya sebesar Rp5,36 triliun. Kenaikan ini

disebabkan karena keberhasilan menjalankan strategi penjualan

dengan mencapai ketepatan waktu produksi dan distribusi serta

kemampuan Perseroan dalam mempertahankan mutu produk

sehingga dapat menjaga kepercayaan pelanggan. Perseroan

juga mampu membukukan Laba Bersih sebesar Rp486,64 miliar,

meningkat 42,94% dibandingkan dengan tahun sebelumnya

sebesar Rp340 miliar yang melebihi target RKAP sebesar 3,48%.

Sementara itu, ditinjau dari Laporan Posisi Keuangan Konsolidasian,

Dewan Komisaris menilai bahwa Perseroan telah mencatat adanya

peningkatan Total Aset menjadi sebesar Rp8,88 triliun, meningkat

25,66% dibandingkan tahun sebelumnya sebesar Rp7,07 triliun.

Peningkatan Aset tersebut terutama disebabkan oleh adanya

kenaikan jumlah Aset Lancar sebesar 34,92% dari Rp4,35 triliun

di tahun 2017 menjadi Rp5,87 triliun di tahun 2018 dan kenaikan

jumlah Aset Tidak Lancar sebesar 10,84% dari Rp2,72 triliun

menjadi Rp3,01 triliun. Permodalan Perseroan terlihat semakin

kuat dimana Total Ekuitas tumbuh 14,15% dari Rp2,75 triliun

menjadi Rp3,14 triliun. Selain itu jumlah Aset Perseroan mencatat

pencapaian sebesar 103,85% dari target RKAP tahun 2018.

Dewan Komisaris berpendapat bahwa keberhasilan ini tidak lepas

dari berbagai strategi yang diimplementasikan secara efektif

dan sesuai dengan target yang telah dicanangkan, di antaranya

strategi penguatan eksistensi Perseroan di lini bisnis baru seperti

Ready Mix dan bidang Jasa Instalasi.

Dewan Komisaris juga mendukung langkah strategis yang telah

diambil oleh Direksi untuk menggarap Desain dan Konstruksi

Jalan Tol Layang A.P. Pettarani (Seksi III) Makassar dimana untuk

pengerjaan proyek tersebut, Perseroan menambah kapasitas

produksi di salah satu pabrik yang berada di kawasan industri

Pabrik Makassar sebanyak 90.000 ton sehingga akan menjadi

300.000 ton/tahun. Selain itu, Perseroan juga akan berperan

di bidang Engineering, Production, dan Installation (EPI) pada

proyek tol layang pertama di Makassar ini. Hal ini dinilai sejalan

dengan visi Perseroan untuk menjadi Perusahaan terkemuka

dalam bidang Engineering, Production, dan Installation (EPI)

industri beton di Asia Tenggara.

In contrast, the precast concrete industry grew significantly in

2018 due to very rapid infrastructure growth which had a positive

impact on the Company’s overall performance.

Evaluation in Performance of the Company and Board of Directors

The Board of Commissioners considered that the Board of

Directors has shown good performance throughout 2018, as

reflected in the financial indicators presented in the Audited

Financial Statement for Fiscal Year of 2018. From the perspective

of Consolidated Income Statement, the Company booked

Operating Revenues that increased by 29.25% to Rp6.93 trillion

from the previous year of Rp5.36 trillion. This increase was due

to the success implementation of sales strategy, by achieving

timely production and distribution, and the Company’s ability

to maintain product quality which consequently could maintain

the customers’ trust. The Company was also able to book a Net

Profit of Rp486.64 billion, an increase of 42.94% compared to the

previous year of Rp340 billion, which exceeded the Work Plan

and Corporate Budget (RKAP) target of 3.48%.

Meanwhile, from the Consolidated Financial Statement

perspective, the Board of Commissioners considered that the

Company has recorded an increase in Total Assets to Rp8.88

trillion, an increase of 25.66% compared to the previous year of

Rp7.07 trillion. Such increase in Asset was primarily due to the

increase in Current Asset at 34.92% from Rp4.35 trillion in 2017

to Rp5.87 trillion in 2018, and the increase in Non-Current Asset

at 10.84% from Rp2.72 trillion to Rp3.01 trillion. The Company’s

capital showed growth, where Total Equity went up at 14.15%

from Rp2.75 trillion to Rp3.14 trillion. The Company’s Assets

booked an increase of 103.85% from the RKAP target for 2018.

The Board of Commissioners was of the opinion that this success

was closely related to the effectively implemented strategy and

was in line with the targets that had been set, including the

strategy of the Company’s breakthrough in new business lines

such as Ready Mix and Installation Service.

The Board of Commissioners also supported the strategic steps

which has taken by the Board of Directors to work on the Design

and Construction of A.P. Pettarani Flyover Toll Road (Section

III) Makassar where the Company will increase the production

capacity by 90,000 tons in one of the factories in the Makassar

industrial area to realize 300,000 tons/year. In addition, the

Company also played a role in Engineering, Production and

Installation (EPI) in this first flyover toll road project in Makassar.

This is considered in line with the Company’s vision to become

a leading company in the field of Engineering, Production and

Installation (EPI) for concrete industry in Southeast Asia.






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Dewan Komisaris juga melihat bahwa Direksi telah mampu

melakukan pengelolaan risiko yang efektif. Upaya Direksi secara

berkala dan berkelanjutan untuk terus mengembangkan kerangka

sistem pengelolaan risiko dan struktur pengendalian internal yang

terpadu dan komprehensif dinilai dapat memberikan deteksi dini

tentang adanya potensi risiko yang berpengaruh pada kinerja

Perseroan.

Dalam hal teknologi informasi, Direksi telah menunjukkan

kapabilitasnya melalui penggunaan teknologi otomatisasi dalam

sistem produksi dalam rangka meningkatkan produktivitas.

Direksi juga dinilai telah menerapkan prinsip kehati-hatian guna

mendorong pertumbuhan bisnis non organik sesuai dengan

masukan dari Dewan Komisaris sehingga dapat berkontribusi

secara optimal pada kinerja Perseroan.

Selain memberikan dukungan penuh bagi pemantapan segmen

jasa instalasi maupun peningkatan kapasitas produksi dari pabrik-

pabrik yang sudah ada, Dewan Komisaris juga memberikan

apresiasi khusus kepada Direksi dengan diluncurkannya inovasi

produk beton terbaru yakni Box Culvert pada struktur underpass

proyek Tol Depok – Antasari.

Dewan Komisaris merasa gembira atas pencapaian Perseroan

yang dibuktikan dengan berbagai penghargaan yang diterima

oleh Perseroan sepanjang tahun 2018, di antaranya Top 100

Most Valuable Indonesian Brands 2018, Pengembangan Talenta

Terbaik II BUMN Tbk dalam perhelatan 7th Anugerah BUMN

2018, Indonesia Fast Growing New Public Company 2018

untuk kategori Basic Industry & Chemical di ajang Best Public

Companies Award 2018, Bronze Winner “Promising Company in

Branding Campaign” kategori Anak Perusahaan BUMN dalam

ajang BUMN Marketeers Awards, Indonesia Most Creative

Companies 2018, dan Indonesia Most Innovative Business

Award 2018 sebagai Excellent Company for Business Process

Innovation in Cement Sector. Selain itu, Dewan Komisaris juga

mengapresiasi Perseroan yang untuk ketiga kalinya masuk

jajaran 25 Perusahaan dalam Indeks SRI KEHATI.

Dewan Komisaris memandang bahwa keberhasilan ini tidak lepas

dari adanya sinergi yang baik dengan WIKA Group. Untuk ke

depannya, Dewan Komisaris berharap agar sinergi yang sudah

terjalin dengan baik ini dapat dipertahankan guna mendukung

pembangunan ekonomi nasional secara lebih optimal sehingga

dapat memberikan dampak positif bagi masyarakat luas.

Pengawasan terhadap Implementasi Strategi Perseroan

Dewan Komisaris melakukan pengawasan secara aktif terhadap

implementasi strategi Perseroan melalui komite-komite yang

berada di bawahnya, yaitu Komite Audit dan Risiko Usaha,

Komite Remunerasi dan Nominasi serta Komite Good Corporate

Governance (GCG).

The Board of Commissioners also saw that the Board of Directors

has been able to carry out effective risk management. The

periodical and continuous efforts of the Board of Directors to

continuously develop a framework of risk management systems

and an integrated and comprehensive internal control structure

are considered having provided early detection of potential risks

that may affect the Company’s performance.

In terms of information technology, the Board of Directors has

demonstrated its capabilities through the use of automation

technology in production systems in order to increase

productivity. The Board of Directors is also considered to have

applied the precautionary principle to encourage the growth of

non-organic business in accordance with input from the Board of

Commissioners, in order to contribute optimally to the Company’s

performance.

In addition to providing full support for strengthening the

installation service segment and increasing production capacity

from existing factories, the Board of Commissioners also handed

special appreciation to the Board of Directors by launching the

latest concrete product innovation, namely Box Culvert, applied

on the underpass structure of the Depok - Antasari Toll project.

The Board of Commissioners is pleased with the achievements

of the Company as evidenced by various awards the Company

received throughout 2018, including Top 100 Most Valuable

Indonesian Brands 2018, Second Best BUMN Tbk Talent

Development on the 7th BUMN 2018 Award, Indonesia Fast

Growing New Public Company 2018 for the Basic Industry &

Chemical category in the Best Public Companies Award 2018,

Bronze Winner “Promising Company in Branding Campaign” in

the category of SOE Subsidiary in the BUMN Marketeers Awards,

Indonesia Most Creative Companies 2018, and Indonesia Most

Innovative Business Award 2018 as Excellent Company for

Business Process Innovation in Cement Sector. In addition,

the Board of Commissioners also appreciated the Company’s

achievement for the third time being placed as one of top 25

companies in the SRI KEHATI Index.

The Board of Commissioners viewed that this success was also

due to the good synergy with the WIKA Group. The Board of

Commissioners expected that the synergy that has been well

established can continuously be maintained in order to support

national economic development more optimally so enables the

Company to deliver a positive impact on the wider community.

Supervision over Corporate Strategy Implementation

The Board of Commissioners actively monitored the

implementation of the Company’s strategy through the

committees under its aegis, namely the Audit and Business Risk

Committee, the Remuneration and Nomination Committee and

the Good Corporate Governance (GCG) Committee.


Secara berkala Dewan Komisaris melakukan review terhadap

penerapan strategi yang dieksekusi oleh Direksi dan senantiasa

memberikan masukan kepada Direksi untuk mengevaluasi setiap

program yang dijalankan guna menentukan kembali program

mana yang perlu dilanjutkan dan mana yang memerlukan evaluasi

lebih lanjut sehingga dapat mendorong kinerja perusahaan di

tahun-tahun mendatang.

Frekuensi dan Cara Pemberian Nasihat kepada Direksi

Pemberian nasihat kepada Direksi dilakukan melalui rapat

formal maupun diskusi informal. Rapat formal paling sedikit

diadakan sekali dalam empat bulan dimana sepanjang 2018

frekuensi rapat bersama dengan Direksi tercatat sebanyak 12

kali, sedangkan diskusi informal dapat dilakukan sewaktu-waktu

tanpa harus melalui mekanisme rapat.

Adapun yang menjadi fokus pembahasan dalam rapat-rapat

gabungan tersebut antara lain adalah evaluasi hasil usaha dan

kinerja Perseroan, rencana investasi, realisasi RKAP, persiapan

pelaksanaan RUPS, perkembangan penyelesaian Laporan Audit

dan hal-hal lainnya.

Penilaian Atas Kinerja Komite di Bawah Dewan Komisaris

Untuk tahun buku 2018, Dewan Komisaris menilai bahwa Komite

Audit dan Risiko Usaha, Komite Remunerasi dan Nominasi serta

Komite Good Corporate Governance (GCG) telah menjalankan

tugas dan tanggung jawabnya secara efektif sesuai charter yang

berlaku bagi masing-masing komite, termasuk memberikan

rekomendasi serta laporan kepada Dewan Komisaris atas

hal-hal yang perlu menjadi perhatian dan tindak lanjut Dewan

Komisaris.

Di tahun 2018, Komite Audit dan Risiko Usaha telah menjalankan

tanggung jawabnya dalam membantu Dewan Komisaris

mengevaluasi efektivitas pengendalian internal yang dilakukan

oleh audit internal maupun auditor eksternal. Selain itu, Komite

Audit dan Risiko Usaha juga telah memberikan rekomendasi terkait

penunjukan Kantor Akuntan Publik (KAP) yang akan melakukan

audit terhadap Laporan Keuangan Perseroan Tahun Buku 2018.

Berdasarkan rekomendasi dari Komite Audit dan Risiko Usaha,

Dewan Komisaris telah menunjuk KAP Amir Abadi Jusuf, Aryanto,

Mawar & rekan (RSM Indonesia) untuk melakukan pekerjaan

Audit Umum Laporan Keuangan Perseroan Tahun Buku 2018

serta Audit kepatuhan terhadap peraturan perundang-undangan

dan pengendalian intern. KAP Amir Abadi Jusuf, Aryanto, Mawar

& rekan (RSM Indonesia) ditunjuk untuk menggantikan KAP

Satrio Bing Eny & rekan (Delloitte) dikarenakan adanya sanksi

administratif berupa pembatalan pada KAP tersebut.

Sementara itu, Komite Remunerasi & Nominasi telah menelaah,

mengusulkan dan menetapkan besarnya tantiem Tahun

Periodically, the Board of Commissioners conducts reviews on

the implementation of the strategies executed by the Board of

Directors and always provides input to the Board of Directors to

evaluate each program carried out to determine which programs

that should be continued and which ones requiring further

evaluation. This is aimed so that the programs can drive the

company’s performance in the coming year.

Frequency and Method of Advisory to the Board of Directors

Advice to the Board of Directors is provided through formal

meetings and informal discussions. The formal meetings are

held at least once in four months, where throughout 2018 joint

meetings with the Board of Directors have been held 12 times,

while informal discussions can be held at any time without

passing through a meeting mechanism.

The focus of the discussion in the joint meetings includes

evaluating the results of the business and the performance of the

Company, investment plans, realization of the RKAP, preparation

of the GMS implementation, progress of the compilation of Audit

Reports and other matters.

Performance Assessment of Committee under Board of Commissioners

For the financial year of 2018, the Board of Commissioners considered

that the Audit and Business Risk Committee, Remuneration and

Nomination Committee as well as the Good Corporate Governance

(GCG) Committee have carried out their duties and responsibilities

effectively according to the charter which applies to each committee,

among others is providing recommendations and report to the Board

of Commissioners on matters that require attention and follow-up of

the Board of Commissioners.

In 2018, the Audit Committee and Business Risk have carried

out its responsibilities in helping the Board of Commissioners

to evaluate the effectiveness of internal control performed by

internal audit and external auditor. In addition, the Audit and

Business Risk Committee has also provided recommendations

regarding the appointment of the Public Accountant Firm (KAP)

which will conduct an audit of the Company’s Financial Statement

Fiscal Year 2018. Based on recommendations from the Audit

and Business Risk Committee, the Board of Commissioners has

appointed KAP Amir Abadi Jusuf, Aryanto, Mawar and partner

(RSM Indonesia) to carry out the general audit into the Company’s

Financial Statements 2018 and compliance audit against with

legislation and internal control. KAP Amir Abadi Jusuf, Aryanto,

Mawar and partner (RSM Indonesia) was appointed to replace

KAP Satrio Bing Eny & partner (Delloitte) due to administrative

sanctions for canceling the registration to the latter.

Meanwhile, the Remuneration & Nomination Committee has

reviewed, proposed and determined the amount of tantiem for the






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ANAJEMEN

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Buku 2017 serta menetapkan gaji/honorarium, tunjangan

dan fasilitas bagi Direksi dan Komisaris Tahun 2018, serta

memberikan saran terkait proses nominasi untuk Direksi dan

komposisi Dewan Komisaris. Sedangkan Komite GCG telah

melakukan penelahaan atas efektivitas GCG di Perseroan

berdasarkan prinsip-prinsip dan pedoman GCG.

Perlu kami sampaikan pula bahwa terhitung sejak tanggal 30

April 2018, susunan Komite Audit mengalami perubahan dimana

Ibu Rosmala dan Bapak Soemartojo tidak lagi menjabat sebagai

Anggota Komite Audit. Posisi keduanya digantikan oleh Bapak

Herry Trisaputra Zuna dan Bapak Tarcicius Sawardi berdasarkan

Surat Keputusan Dewan Komisaris No. SK.03/DK-WB/IV/2018

tanggal 30 April 2018.

Efektivitas Penerapan Tata Kelola Perusahaan

Dewan Komisaris berpendapat bahwa penerapan Tata Kelola

Perusahaan (GCG) di lingkungan Perseroan telah menunjukkan

kualitas yang sangat memadai. Setiap insan Perseroan dianggap

telah memahami pentingnya mengaplikasikan kelima prinsip

GCG dalam kegiatan operasional sehari-hari. Hal ini tidak lepas

dari komitmen Perseroan untuk terus melakukan sosialisasi GCG

terhadap para karyawan di berbagai lini.

Keberhasilan Perseroan dalam menerapkan GCG secara efektif

tercermin dari pencapaian skor assessment GCG yang tinggi

dari Tim Assessor terpercaya BPKP Perwakilan Provinsi DKI

Jakarta sebesar 88,46 dengan kategori penilaian “Sangat Baik”.

Implementasi GCG di lingkungan Perseroan memperlihatkan

perkembangan yang signifikan dan dapat dilihat pada nilai skor

assessment GCG Perseroan yang semakin meningkat dari tahun

ke tahun.

Kemajuan dalam implementasi GCG selama ini terbukti telah

memberikan dampak yang positif bagi Perseroan, antara

lain meningkatnya kinerja dan daya saing Perseroan, serta

kepercayaan para pemangku kepentingan (stakeholders)

Perseroan.

Untuk ke depannya, Dewan Komisaris berharap agar penerapan

GCG Perseroan yang bisa dikategorikan sangat baik ini dapat

terus disempurnakan melalui komitmen yang kuat dan partisipasi

aktif dari seluruh insan Perseroan dalam rangka menjaga

kepercayaan dan kepentingan para pemangku kepentingan

secara berkelanjutan.

Komitmen Terhadap Pemegang Saham

Dewan Komisaris memandang bahwa Perseroan dapat menjaga

komitmen untuk mempertahankan imbal hasil bagi para

pemegang saham Perseroan melalui pembagian dividen tunai

untuk tahun buku 2017 sebesar Rp12,13 per saham dengan total

nilai Rp101.140.994.048 yang telah dibayarkan pada tanggal

Fiscal Year 2017 and determined the salaries/honorarium, benefits

and facilities for the Board of Directors and Commissioners

in 2018, and provided suggestions regarding the nomination

process for the Board of Directors and the composition of the

Board of Commissioners. As for GCG Committee, it has evaluated

the effectiveness of GCG in the Company referring to the GCG

principles and guidelines.

We informed that as of April 30, 2018 the composition of

the Audit Committee was changed, where Ms. Rosmala and

Mr. Soemartojo were no longer held the position of Audit

Committee member. The two persons have been replaced by

Mr. Herry Trisaputra Zuna and Mr. Tarcicius Sawardi, based on

Letter of Board of Commissioners No. SK.03/DK-WB/IV/2018

dated April 30, 2018.

Effectiveness of Corporate Governance Implementation

The Board of Commissioners saw that the implementation of

Corporate Governance (GCG) within the Company has shown

adequate quality. Every member of the Company is considered

to has understood the importance of applying the five principles

of GCG in daily operational activities. This is inseparable with

the Company’s commitment to continue to conduct GCG

dissemination to employees at various lines.

The success of the Company in implementing GCG effectively is

reflected in the achievement of a high score of GCG Assessment

conducted by the trusted Assessor Team of the BPKP of

Jakarta Province, i.e. 88.46 with the “Very Good” rating. GCG

implementation in the Company has shown significant progress

and can be seen in the Assessment score of the Company’s GCG

that goes higher year by year.

Progress in GCG implementation has been proven to have

a positive impact on the Company, such as increasing the

Company’s performance and competitiveness, as well as

stakeholders’ trust.

In the future, the Board of Commissioners hopes that the

implementation of the Company’s high-level GCG can continue

to be refined through strong commitment and active participation

from all the Company’s employees. The objective of this is to

maintain the trust and interests of stakeholders in a sustainable

manner.

Commitments to Shareholders

The Board of Commissioners saw that the Company could

maintain its commitment to maintaining returns for the Company’s

shareholders through the distribution of cash dividends for the

2017 financial year of Rp12.13 per share, with the total share

values amounted to Rp101,140,994,048 and was paid on April 20,


20 April 2018. Hal ini membuktikan konsistensi Perseroan

dalam menjaga kepercayaan dan memberikan nilai tambah

bagi Pemegang Saham mengingat keberadaan para Pemegang

Saham tersebut sangatlah penting bagi keberlangsungan bisnis

Perseroan.

Perubahan Susunan Dewan Komisaris

Pada kesempatan ini Dewan Komisaris juga ingin melaporkan

bahwa susunan Dewan Komisaris telah mengalami perubahan

berdasarkan hasil Keputusan Rapat Umum Pemegang Saham

Tahunan yang diadakan pada tanggal 19 Maret 2018, di mana

Bapak Gandira Gutawa Sumapraja dan Ibu Tumik Kristianingsih

tidak lagi berada di jajaran Dewan Komisaris. Posisi keduanya

digantikan oleh saya sebagai Komisaris Utama dan Bapak Yohanes

Babtista Priyatmo Hadi sebagai Komisaris. Adapun alasan

perubahan susunan Dewan Komisaris ini karena penyegaran

organisasi dalam rangka upaya peningkatan kinerja Perseroan.

Pandangan dan Peran Dewan Komisaris atas Implementasi Whistleblowing System (WBS) Perseroan

Dewan Komisaris memandang bahwa implementasi

Whistleblowing System (WBS) telah berjalan dengan baik dimana

semua elemen yang terlibat semakin memahami apa yang

menjadi peran, tugas dan tanggung jawabnya masing-masing.

Seluruh insan Perseroan juga semakin banyak yang mengetahui

keberadaan WBS ini berkat sosialisasi yang dilakukan oleh

manajemen setiap tahun. Manajemen senantiasa berupaya

mendorong para karyawan untuk tidak ragu dan takut dalam

menyampaikan pengaduan apabila mereka mengetahui adanya

penyimpangan yang terjadi di unit-unit kerjanya.

Terkait dengan WBS tersebut, Dewan Komisaris berperan dalam

menerima laporan beserta data dan fakta dari fungsi penerima

laporan pelanggaran. Selain itu Dewan Komisaris juga melakukan

evaluasi terhadap laporan pelanggaran apakah diperlukan

investigasi lebih lanjut atau sudah cukup dilakukan penetapan

hukuman.

Prospek Usaha di Tahun 2019

Menurut para ekonom, pertumbuhan ekonomi dunia pada tahun

2018 yang mencapai 3,8% diprediksi mengalami perlambatan

menjadi 3,6% pada tahun 2019. Angka ini sedikit lebih rendah

dibandingkan proyeksi Dana Moneter Internasional (IMF)

sebesar 3,7%. Sementara itu, pertumbuhan ekonomi nasional

diproyeksikan berada di kisaran 5,2% menurut Bank Dunia,

sedikit lebih rendah dibandingkan proyeksi Pemerintah sebesar

5,3% yang tertuang dalam APBN 2019.

Namun demikian, kondisi ekonomi makro tersebut sepertinya

tidak akan menjadi penghambat terhadap laju industri beton

pracetak. Sebaliknya, pengembangan infrastruktur yang sangat

gencar oleh pemerintah justru telah mendorong tingginya

kebutuhan terhadap material seperti beton pracetak.

2018. This proves the consistency of the Company in maintaining

trust and providing added value to Shareholders given that the

existence of the Shareholders is very important for the business

continuity of the Company.

Changes in the Composition of the Board of Commissioners

On this occasion, the Board of Commissioners would also

inform that the composition of the Board of Commissioners

has been changed, following the Decision of Annual General

Meeting of Shareholders held on March 19, 2018, where

Mr. Gandira Gutawa Sumapraja and Ms. Tumik Kristianingsih

were no longer members of the Board of Commissioners. The

position of President Commissioner has been taken over by

myself and the Commissioner, by Mr. Yohanes Babtista Priyatmo

Hadi. The reason for this changes is the organization needed

fresh air for improving the Company’s performance.

The Board of Commissioners' Outlook and Role on the Company’s Implementation of Whistleblowing System (WBS)

The Board of Commissioners considered that the implementation

of the Whistleblowing System (WBS) has been running well where

all the elements involved understand better what their respective

roles, duties and responsibilities are. More and more of the

Company’s employees are aware of the existence of this WBS,

due to the information provided by management every year. The

Management always strived to encourage employees not to be

hesitate and fear in filing complaints if they are aware of any

irregularities that occur in their work units.

Related to the WBS, the Board of Commissioners plays a role in

receiving reports along with data and facts from the department

that receives a violation complaint. In addition, the Board of

Commissioners also evaluates complaints of violations, to

see whether further investigation is needed or penalty may be

imposed.

Business Prospects in 2019

According to economists, the world economic growth in 2018,

which reached 3.8% is predicted to slow down to 3.6% in 2019.

This figure is slightly lower than the International Monetary Fund

(IMF) projection of 3.7%. Meanwhile, World Bank projected

Indonesia’s economic growth will be approximately 5.2%, slightly

lower than the government’s projection of 5.3% as stated in the

2019 State Budget.

However, these macroeconomic conditions do not seem to be an

obstacle to the pace of the precast concrete industry. Conversely,

the intensive development of infrastructure by the government

has actually encouraged the high demand for materials, including

precast concrete.






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ANAJEMEN

Managem



Dewan Komisaris menghimbau manajemen untuk bersikap

optimis namun tetap berhati-hati dalam mengeksekusi berbagai

program mengingat kondisi makroekonomi yang masih diliputi

ketidakpastian.

Dewan Komisaris menyambut baik prospek usaha dan rencana

strategis Direksi di tahun 2019 dan berpendapat bahwa rencana

program dan target-target bisnis tersebut cukup realistis

untuk dicapai. Direksi dinilai telah secara cermat dan hati-hati

menetapkan strategi dan target-target utama di tahun 2019.

Dewan Komisaris juga mengapresiasi strategi Direksi dalam

melakukan penjajakan kerjasama dengan perusahaan induk dan

BUMN lainnya untuk melakukan penetrasi pasar ke Asia Tenggara.

Selain itu, Dewan Komisaris juga memberikan masukan kepada

Direksi untuk tetap mengedepankan keberlanjutan bisnis dalam

jangka panjang dibanding pertumbuhan yang agresif.

Terkait dengan pengembangan usaha di masa mendatang,

Dewan Komisaris menyarankan kepada Direksi untuk senantiasa

melakukan evaluasi terhadap setiap investasi yang dilakukan

dengan melibatkan konsultan guna memperoleh hasil kajian yang

lebih akurat sehingga memudahkan Direksi untuk mengambil

keputusan strategis dalam pengembangan usaha guna

meningkatkan daya saing di masa depan.

Di tahun 2018, Perseroan sudah meletakkan dasar untuk

2019 baik dari sisi produksi maupun kondisi keuangan yang

baik. Untuk itu, Dewan Komisaris yakin bahwa Perseroan

siap menerima tantangan untuk produksi di luar negeri dan

mengembangkan lini bisnis di luar produk seperti jasa kontraktor

di tahun mendatang.

Apresiasi

Mengakhiri laporan ini, atas nama Dewan Komisaris, saya

ingin menyampaikan apresiasi yang sebesar-besarnya kepada

jajaran Direksi atas kinerjanya yang luar biasa dalam mengelola

Perseroan, para karyawan atas dedikasi dan loyalitasnya

terhadap Perseroan. Tidak lupa saya ucapkan terima kasih

yang tak terhingga kepada para pelanggan, mitra bisnis, para

pemegang saham dan pemangku kepentingan lainnya atas

kepercayaan dan dukungan yang telah diberikan kepada

Perseroan. Semoga dengan adanya sinergi yang terjalin dengan

baik dan didukung dengan inovasi yang tiada henti, Perseroan

mampu mempercepat pertumbuhan bisnis yang positif secara

berkelanjutan di tahun-tahun mendatang.

Bambang PramujoKomisaris Utama

President Commissioner

The Board of Commissioners urged the Management to be

optimistic but remain cautious in executing various programs

given the yet uncertain macroeconomic conditions.

The Board of Commissioners welcomed the Board of Directors’

business prospect analysis and strategic plans for 2019 and

assumed that these are feasible to realize. The Board of Directors

is considered to have carefully and cautiously set the main

strategies and targets for 2019.

The Board of Commissioners also appreciated the Board of

Directors’ strategy in exploring cooperation with other holding

companies and BUMNs to penetrate Southeast Asia market. In

addition, the Board of Commissioners also provided input to the

Board of Directors to continue prioritize business sustainability in

the long term rather than aggressive growth.

Regarding future business development, the Board of

Commissioners advised the Board of Directors to always evaluate

every investment made by involving consultants in order to obtain

more accurate study results. This is aimed to facilitate the Board

of Directors to make strategic decisions in business development

to improve competitiveness in the future.

In 2018, the Company has laid good foundation for 2019 both

in terms of production and financial conditions. To that end,

the Board of Commissioners is confident that the Company is

ready to accept challenges for overseas production and develop

business lines outside of products such as contractor services in

the coming year.

Appreciation

Concluding this report, on behalf of the Board of Commissioners,

I would like to express my highest appreciation to the Board

of Directors for their outstanding performance in managing the

Company, and to the employees for their dedication and loyalty

to the Company. I also immeasurably thank the customers,

business partners, shareholders and other stakeholders for the

trust and support provided to the Company. Hopefully with well-

established synergy supported by continuous innovation, the

Company would be able to accelerate positive business growth

in a sustainable manner in the coming years.


Dewan Komisari

kesinambungan tema · terhadap perseroan changes in laws and regulations significantly affecting...

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