pt wijaya karya beton tbk fy 2014 ... -...

PT Wijaya Karya Beton Tbk FY 2014 Report

Steps To Best Company

in Concrete Industry

14-04-2015 INV

DISCLAIMER

2

The information that follows is a presentation of general background information about PT Wijaya Karya Beton Tbk (the “Company” or “WIKA Beton”)prepared by the Company as of May 2014.

This presentation has been prepared for information purposes only. None of the information appearing in this presentation may be distributed to thepress or other media or reproduced or redistributed in the whole or in part in any form at any time. Any recipient of this presentation and its directors,officers, employees, agents and affiliates must hold this presentation and any information provided in connection with this presentation in strictconfidence and may not communicate, reproduce, distribute or disclose to any other person, or refer to them publicly, in whole or in part.

This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction inwhich such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction, and neitherthis presentation nor anything contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. Nosecurities may be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Any public offeringof securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about thecompany making the offer and its management and financial statements. No public offer of securities is to be made by the Company in the UnitedStates. This presentation may contain forward-looking statements and estimates with respect to the future operations and performance of the Companyand its affiliates. Investors and security holders are cautioned that forward-looking statements are subject to various assumptions, risks anduncertainties, many of which are difficult to predict and are generally beyond the control of the Company. Such assumptions, risks and uncertaintiescould cause actual results and developments to differ materially from those expressed in or implied by the forward-looking statements.

Accordingly, no representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of theinformation contained in this presentation, nor is it intended to be a complete statement or summary of the resources markets or developmentsreferred to in this presentation. It should not be regarded by recipients as a substitute for the exercise of their own judgment.

Neither the Company or any other person assumes responsibility for the accuracy, reliability and completeness of the forward-looking statementscontained in this presentation. The forward-looking statements are made only as of the date of this presentation. The Company is under no duty toupdate any of the forward-looking statements after this date to conform such statements to actual results or developments or to reflect the occurrenceof anticipated results or otherwise.

By accepting delivery of this presentation, the recipient agrees to accept and be bound by the statements, restrictions and limitations set forth herein.

2

1 COMPANY PROFILE

2 KEY INVESTMENT HIGHLIGHT

3 BUSINESS & INDUSTRY OVERVIEW

4 FINANCIAL HIGHLIGHT

5 COMPANY UPDATES

TABLE OF CONTENTS

3

Section 6

1 COMPANY PROFILE

To be the market leader in precast concrete industry in Southeast Asia

To provide excellent services to customers on the fulfillment of quality, time and price

To apply management system and technology which can increase efficiency, consistently maintain the quality, ensure the occupational health and safety based on environmental requirement

To continuously grow together with business partners for a mutual benefit

To enhance employees competence and welfare

“To be the foremost company in the precast concrete product industry”

CommitmentInnovation

BalanceExcellence

RelationshipTeamwork

Integrity

Vision

Mission

Core Value

VISION, MISSION & CORE VALUE

5

WIKA Beton As Sub Business Unit of WIKA

1960PT Wijaya Karya (Persero) (“WIKA”) was established.

1978 - 1980• Established new concrete factory in Bogor (1st factory).• New products: PC Poles and PC Panels.

1988• Established new concrete factory in Binjai,

North Sumatera (6th factory).• New products: bridge and drainage concretes.

1995Established new factory in Makassar, South Sulawesi (7th factory).

1981 - 1984• Established new concrete factories in Pasuruan (2nd factory),

Boyolali (3rd factory), and Majalengka (4th factory).• New products: PC Piles and Railway Sleepers.

1986Established new concrete factory in Lampung (5th factory).

KEY MILESTONE (1/2)

6

7

1997WIKA Beton was spun off as a subsidiary of WIKA.

2010Started to produce PC Piles with diameter of 1 meter.

2012• Established subsidiary, WIKA Kobe (9th factory).• Unit post tensioning.

2011• Chosen by International Organization for

Standardization, Geneva, as the reference in Economics Benefits of Standards case study.

• Established new factory in Karawang (8th factory)• New product: box girder.

2013• Established subsidiary, WIKA

Krakatau Beton (10th factory – in progress).

• Established new factory in South Lampung (11th factory – in progress).

• New line of business: quarry (natural resources processing – in progress).

• Developed new products: hollow core slab, precast concrete for building and industrial purpose.

2008• New products: marine structure and high quality concrete piles (PHC).• Implementation of corporate risk management.

WIKA Beton As Subsidiary of WIKAKEY MILESTONE (2/2)

7

2014• Listed company at IDX 08 April 2014.• Aquisition PT Citra Lautan Teduh in Batam.• Unit Inner Boring.

Board of Commissioners

Board of Directors

Budi HartoPresident Commissioner

A. BoedionoCommissioner

Priyo SuproboIndependent Comm.

Tumik KristianingsihCommissioner

Nariman PrasetyoCommissioner

Wilfred I. A. SingkaliPresident Director

Hadian PramuditaDirector

Fery HendriyantoDirector

Entus Asnawi MukhsonDirector

M. ZulkarnainIndependent Director

MANAGEMENT TEAM

8

Asfiah MahdianiIndependent Comm.

Hari RespatiDirector

9

51.00% 60.00%99.50%

CORPORATE STRUCTURE

10

CORPORATE STRUCTURE

60%

11,22% 0,99%4,33% 23,47%

PT Wijaya Karya (Persero) TbkKoperasi Karya Mitra SatyaYayasan Wijaya KaryaTreasury StockPublik

2 KEY INVESTMENT HIGHLIGHT

Section 1

INVESTMENT HIGHLIGHTSThe Largest Capacity with Leading Market

Share to Promote

Economies of Scale

Experienced Management Team with

Extensive Track

Record in Precast

Concrete Industry

Pioneer in Indonesian Precast Concrete

Products with

Continuous Innovation

Most Complete Products in the

Industry

Wide Coverage and Well Integrated

Production Facilities

Across Indonesia

1

2

3 4

5

12

The Largest Capacity and Leading Market Share to Promote Economies of Scale

Based on MARS report, an independent surveyor, in January 2014, there are 28 precast concrete production facilities inIndonesia owned by 20 companies with total production capacity of 5.2 million ton per year. Around 89.3% of the totalcapacity is dominated by 9 companies.

WIKA Beton has the biggest production capacity with 38.6% of total production capacity in Indonesia or equivalent of2 million ton per year.

WIKA Beton’s market share was estimated around 42.7% in 2013.

Production Capacity of IndonesianPrecast Concrete Industry Market Share of WIKA Beton Based on Sales (2013)

WIKA Beton; 42.7%Competitors;

57.3%

Source: MARS Source: BCI Asia

WIKA Beton is able to promote economies of scale compared to its competitors due to its size.

1

13

WIKA Beton;38.60%Competitors;

61.40%

WIKA Beton is able to provide fast delivery and cheaper transportation costdue to close proximity to customers.

Wide Coverage: WIKA Beton will have 11 production facilities (including subsidiaries) by the end of 2014, 6 sales areas and 2 representative offices strategically located all across Indonesia.

Well Integrated: 1) Complete business cycle from engineering, raw material production, fabrication, and installation (Backward and Forward Integration); 2) Flexibility in moving supporting equipment such as moulding to all production facilities in Indonesia.

Wide Coverage and Well Integrated Production Facilities Across Indonesia 2

14

Experienced for more than 20 years in precast concrete and related industry.

Experienced Management Team with Extensive Track Recordin Precast Concrete Industry

3 Wilfred I. A. SingkaliPresident Director

31 years of experience in the precast industry

President Director of the Company since 2012.

Previously served as the Company’s Director of Engineering and Production (2007 –

2012).

Started his career with PT Wijaya Karya (Persero) Tbk as Staff of Research and

Development Construction Components in 1983.

Hadian PramuditaDirector


Director of Marketing of the Company since 2012.

Previously served as the Company’s Marketing Manager (2008 – 2012).

Started his career with PT Wijaya Karya (Persero) as Staff of Engineering in Division of

Construction Component in 1987.

Entus AsnawiMukhsonDirector

26 years of experience in finance for construction

Director of Finance and Human Resource of the Company since 2011.

Previously served as Financial General Manager in PT Wijaya Karya (Persero) Tbk.

Started his career with PT Wijaya Karya (Persero) Tbk as Staff of Accounting and Finance

in 1988.

Fery HendriyantoDirector


Director of Operation I of the Company since 2012.

Previously served as the Company’s Manager of Operation and Control (2007 – 2012).

Started his career with PT Wijaya Karya (Persero) Tbk as Sales Engineer in Division of

Concrete Products in 1993.

Hari RespatiDirector

31 years of experience the construction sector

Director of Operation Ii of the Company since 2013.

Previously served as Construction General Manager in PT Wijaya Karya (Persero) Tbk.

Started his career with PT Wijaya Karya (Persero) Tbk as Project Staff in Mataram (1983 –

1984).

M.ZulkarnainIndependent Director

Independent Director of the Company since March 2014.

Previously served as Acting Standardization Division Head PT Wijaya Karya Beton (2010).

Started his career with PT Wijaya Karya CAB VIII Surabaya (1978 – 1979). 15

1980The first PC Poles manufacturer.

1985The first precast concrete manufacturer for high rise building.

1984The first to pass PC sleepers test track.

1989Applied Segmental Mouldings System to improve efficiency and effectivity of production.

1995• The first precast concrete manufacturer earned ISO 9001 Certification.• Mass produced Very High Strength Concrete K-800.• Started to produce Corrugated Concrete Sheet Piles (CCSP).• The first manufacturer of high pressure concrete pipe.

2004The first to produce BigPC Segmental Box Girder.

2007The first PC Sleepers manufacturer for Turn Out (Wessel).

2009The first manufacturer to produce PC Piles with diameter of 800mm, 1,000mm and 1,200mm.

2012Earned PATENTS: Double Tee product and Railway Crossing.

2014PC Cylinder Piles with diameter up to 2,000mm

and maximum length of 60 meter.Inner Boring System for PC Piles installation.

WIKA Beton is committed to improve product quality and costumer satisfaction through innovation

Pioneer in Indonesian Precast Concrete Products with Continuous Innovation4

16

6 8 10

7 9

4 2

5 3 1

1. PRE-STRESSED CONCRETE POLES

(PC POLES) 2. PRE-STRESSED CONCRETE PILES

(PC PILES)

3. BRIDGE CONCRETE 4. RAILWAY SLEEPERS

5. RETAINING WALL CONCRETE

(SHEET PILES)

6. HYDRO STRUCTURE CONCRETE

(PC PIPES)

7. MARINE STRUCTURE

CONCRETE

8. BUILDING AND HOUSING

PRODUCT 9. OTHER PRECAST CONCRETE 10. ENGINEERING SERVICES

WIKA Beton has the most complete sets of products to capture the demand in precast concrete industry.

Most Complete Sets of Product in Indonesia5

Electrical PC poles, transmission electrical PC poles, telecommunication PC poles, lighting PC poles and netting PC poles.

PC Piles Spun & Square (spinning method) and PC Piles Square & Triangle (vibration method).

I-Girder, U girder, Box girder, Voided slab, Concrete diaphragm, Half slab and Double Tee

KA-Clips, DE-Clips, Pandrol, E-Clips, and Vossloch.

Corrugated concrete (CCSP) and Flat sheet piles (FCSP).

Core Type prestressed concrete pipes (PC pipes) and Reinforced Concrete Pipes (RC Pipes).

Product to support dock and offshore projects such as jetty, bridge, and breakwater structures.

Precast walls, columns, beams, stairs and other structural and architectural components.

Pipe racks for oil companies, water storage and water-cooling towers for power plants.

Technical advice, recommendations, product installations, delivery and tensioning systems.

17

3 a. INDUSTRY OVERVIEW

Section 2

20

Infrastructure Investment Requirement (RPJMN) 2015-2019 (Rp trillion)

Sector

Full

Scenario

(100%)

Partial Scenario(75%) Basic Scenario(50%)

Needs % of Full Scenario Needs% of Full

Scenario

Road 1274 851 67% 637 50%

Railway 278 222 80% 140 50%

Mass Transportation 166 115 69% 75 45%

Sea Transportation 563 424 75% 282 50%

Ferry and ASDP 91 80 88% 60 66%

Air Transportation 182 165 91% 100 55%

Electricity 1,080 762 71% 714 66%

Energy and Gas 535 420 79% 268 50%

Water Resources 1,091 845 77% 645 59%

Clean Water and Sewage 666 450 68% 330 50%

Public Housing 384 247 64% 180 47%

Information and Communication

Technology242 200 83% 130 54%

Total 6,552 4,781 3,561

Investment Requirement(priority) 5,452

INFRASTRUCTURE INVESTMENT REQUIREMENT 2015-2019

3 b. BUSINESS OVERVIEW

Section 3

PRODUCTION CAPACITY 2008 - 2018 Currently, WIKA Beton’s installed production capacity is approximately 2,2 million ton per year.

WIKA Beton’s installed production capacity is expected to grow 210% from 2008 – 2018.

Installed Production Capacity (Million Ton per Year)

Source: The Company

210%Increase In

Capacity

19

1.1 1.2

1.4

1.6

1.9 2.0

2.2 2.3

2.5

3.0

3.3

2008A 2009A 2010A 2011A 2012A 2013A 2014A 2015F 2016F 2017F 2018F

CUSTOMERS’ PROFILE

Top 10 Buyers 2014

Energy, 15%

Mining, 13%

Property, 17%

Industry, 11%

Customers’ Profile Based on Line of Business in 2014 (Percentage of Revenue)

Customers’ Profile Based on Ownership in 2014 (Percentage of Revenue)

Based on line of business, Infrastructure sector contributed 44% of totalWIKA Beton’s revenue in 2014.

Based on customers’ ownership, private – local companies contributed68% of total WIKA Beton’s revenue in 2014, followed by State OwnedEnterprise with 28%.

Contribution from WIKA in 2013 was 6%.

20

Infrastructure,44%

No Customer Contribution

1. PT Wijaya Karya (Persero) Tbk 8%

2. PT Perusahaan Listrik Negara (Persero) 4%

3. PT Waskita Karya (Persero) 4%

4. PT Hutama Karya (Persero) 4%

5. PT Pembangunan Perumahan (Persero) Tbk 4%

6. PT Energi Sejahtera Mas 4%

7. PT D & C Engineering 3%

8. PT Multi Artha Pratama 2%

9. PT Kawahapejaya Indonesia 2%

10. PT Sinar Menara Deli 2%

8%

1% 1%

22%

69%

WIKA Gov. of Indonesia

Private Foreign State Owned Enterprise

Private Local

LANDMARK PROJECTSBRIDGE & ROAD

BRIDGE & ROAD (cont’ d) POWER PLANT PORT

OIL & GAS

Pasupati Bridge(2004)

Cikubang – CipularangBridge (2006)

Suramadu Bridge(2008)

PLTU Cirebon(2011)

Power Plant - Semen Tonasa(2010)

Malayahati - Aceh (2006)Decorient//BAM – Dutch*

Gorgon Project – BARROW, AUSTRALIA (2012)Saipem SA*

Pipe Rack RFCC for Oil – Cilacap (2013)GS – Korea*

Drajat Cooling Tower – Garut (2005)Thiess*

East West Motorway Project –ALGERIA (2011)

Double Track Cirebon –Kroya (2012)

Bali Tollroad(2013)

Overpass Kamp. Melayu –Tanah Abang (2014)

*International Customer

21

4 FINANCIAL HIGHLIGHT

Section 5

ORDER BOOK & REVENUE Total order book is calculated through addition of new order book and carry over from previous year. Carry over from previous year may guarantee the amount of revenue generated in the following year. WIKA Beton has safely secured revenue of IDR 1.63 trillion in 2014 only from carry over from 2013.

Total Order Book Vs. Revenue (IDR Million)

27

Revenue2013

2,643,724

New Order Book2013

2,678,381

Carry Over from 2009

1,014,257

2010

Carry Over from

2012

1,625,578

2011


913,212

Revenue2010

1,430,435

Revenue2011

1,635,087

New Order Book2010

1,311,046

New Order Book2011

1,908,707

Order Book2010

2,325,303

Order Book2011

2,821,919

2012


1,106,266

Revenue2012

2,030,597

New Order Book

2012

2,587,543

Order Book 2012

3,693,809

2013

Order Book 2013

4,303,959

2014

Carry Over from 20131,630,380

Revenue2014

3,277,194

New Order Book2014

2,606,391

Order Book 2014

4,236,771

Carry Over from 2014812,815

New Order Book2015

1,388,129

Order Book 2015

2,200,944

2Q 2015

Revenue 2015

891,272

SUMMARY OF INCOME STATEMENTRevenue (IDR Bn) Gross Profit (IDR Bn)

Operating Profit (IDR Bn) Net Profit (IDR Bn)

28

2009 2010 2011 2012 2013 2014

1,416 1,430 1,635

2,031

2,644

3,277 CAGR

18.3%

2009 2010 2011 2012 2013 2014

146 148 206

265

388

487

CAGR

27.3%

2009 2010 2011 2012 2013 2014

124 120 176

231

336

409 CAGR

27.0%

2009 2010 2011 2012 2013 2014

82 92

144 179

241

322 CAGR

31.4%

REVENUE CONTRIBUTION

Revenue Contribution Based on Selling Area

Selling area III DKI Jakarta has the largest contribution to revenue on average around 26% followed by Selling Area V East Java with around 20% from 2011 – 2014.

PC Piles dominated the revenue on average around 54% followed by Bridge Concrete from 2011 – 2014.

Source: Audited Financial Statement

29

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2011 2012 2013 2014

Subsidiaries

Selling Area VI

Selling Area V

Selling Area IV

Selling Area III

Selling Area II

Selling Area I

29

INCOME STATEMENT, Full Year 2012-2014FY 2014

NEW CONTRACT - - 2,606.4

REVENUE 2,030.6 100.0% 2,643.7 100.0% 3,277.2 100.0%

% yoy 30.2% 24.0%

COST OF SALES (1,765.1) -86.9% (2,255.7) -85.3% (2,790.1) -85.1%

Gross Proft Margin 265.5 13.1% 388.0 14.7% 487.1 14.9%

OPERATING EXPENSE 34.2 1.7% 51.8 2.0% 78.2 2.4%

Operating Profit Margin 231.3 11.4% 336.2 12.7% 408.9 12.5%

OTHER INCOME (EXPENSE) 2.4 0.1% (7.7) -0.3% 2.6 0.1%

Earning Before Tax 233.7 11.5% 328.5 12.4% 411.5 12.6%

INCOME TAX (54.3) -2.7% (87.3) -3.3% (89.1) -2.7%

Earning After Tax 179.4 8.8% 241.2 9.1% 322.4 9.8%

% yoy 34.4% 33.7%

%AV

FY 2012 FY 2013

Real %AV Real %AV Real

30

USAGE IPO PROCEEDProgress

No on

30 Jun 15

A BUSINESS EXPANSION (85%)

1 Processing of natural materials quarry in Cigudeg,

Donggala, Boyolali and South Lampung.

12% 72.31%

2 Development of New Factories in South Lampung,

Pasuruan, and Kalimantan.

34% 55.98%

3 Capacity expansion of existing factories at the factories in

North Sumatra Factory, Lampung, Bogor, Karawang,

Majalengka, Boyolali, South Sulawesi and mould Products.

18% 54.29%

4 The services business development such as purchase of

inner boring pile equipment and addition of post

tensioning equipment.

18% 51.20%

5 The establishment of mould maker 3% 0.00%

B WORKING CAPITAL (15%)

Additional Working Capital 15% 100.00%

100%

Total Usage of IPO Proceed until 30 Jun 2015 : 61.7%

SubjectBudget

Allocation

SUMMARY OF CONSOLIDATED BALANCE SHEETAssets (IDR Bn) Liabilities (IDR Bn)

Equity (IDR Bn) Current Ratio (x) & Quick Ratio (x)

32

CAGR

18.9%

CAGR

3.3%

CAGR

53.8%

2009 2010 2011 2012 2013 2014

1,597 1,523 1,839

2,401

2,917

3,802

2009 2010 2011 2012 2013 2014

1,338 1,201

1,409

1,797

2,187

1,577

2009 2010 2011 2012 2013 2014

259 322 430 604 730

2,226

0.56 0.59 0.49 0.52 0.59

1.11

1.06 1.05 1.00 1.02 1.06

1.41

2009 2010 2011 2012 2013 2014

Quick Ratio Current Ratio

FINANCIAL RATIO AND PROFITABILITYProfit Margin

Return on Asset (ROA) and Return on Equity (ROE) Gearing Ratio (Equity)

33

10.3 10.3

12.6 13.1

14.7 14.9

8.7 8.4

10.8 11.4 12.7 12.5

5.8 6.4

8.8 8.8 9.1 9.8

2009 2010 2011 2012 2013 2014

Gross Profit Margin (%) Operating Profit Margin (%) Net Profit Margin (%)

5.2 6.0 7.9 7.5 8.3 8.5

31.8 28.6

33.6

29.7

33.0

14.5

2009 2010 2011 2012 2013 2014

ROE (%)

ROA (%)

0.18

0.03 0.040.03

0.74

0.27

2009 2010 2011 2012 2013 2014

Gearing Ratio

5 COMPANY UPDATES

Section 4

COMPANY UPDATES

35

A. QUARRY CIGUDEG – JAWA BARAT

• Land area 36,7 Ha

• Project’s working time 6 months

• Prod Capacity 350 ton per hour

• Starting operation on 29 Jan 2015

• Initial Investment : Rp 113bn

COMPANY UPDATESB. SOUTH LAMPUNG FACTORY (1/2)

• Land area 67 Ha

- Quarry 41 Ha

- Plant Area 26 Ha

• Project Progress :

- Cut & fill 95%

- Machinery Instalation & Jetty

expansion in progress

• Production : Cylinder Pile dia up to 2

meters, Lenght up to 100 meters.

• 1st phase : 2 Plant for Cylinder Pile

• 2nd phase : 2 Plant for Cylinder Pile

36

COMPANY UPDATES

37

B. SOUTH LAMPUNG FACTORY (2/2)

38

COMPANY UPDATESC. SOME OF ON GOING PROJECT (1/2)

Gold Coast Apartment

and Golf Island Project in PIKAgung Sedayu Group Reclamation Project

PT OKI Pulp & Papers Mill Project in Sei Baung OKI

39

COMPANY UPDATESC. SOME OF ON GOING PROJECT (2/2)

Dompak Bridge Project at Kepulauan Riau

Oleochemical Factory Project at Dumai, Riau

40

ANALYST REPORTNo Analyst Company

Target Price

(Rp)Maintain Report Date

1 Maria Renata UOB Kayhian 1,095 Buy 5 Juni 2015

2 Theodorus ArielKristian Lautandhana Securindo 1,500 Buy 15 Mei 2015

3 Joko Sogie Danareksa Sekuritas 1,350 Hold 4 Mei 2015

4 Martha Christina Phillip Capital Securities 1,420 Buy 2 Apr 2015

5 Deidy Wijaya DBS Vickers Securities Indonesia 1,600 Buy 26 Jan 2015

6 Maxi Liesaputra Sucorinvest Central Gani 1,550 Buy 19 Jan 2015

7 Arief Budiman Ciptadana Securities 1,725 Buy 16 Jan 2015

8 Handoko Wijoyo Mandiri Sekuritas 1,600 Buy 6 Jan 2015

9 Rachel Tan Credit Suisse Malaysia 1,345 Buy 27 Nov 2014

10 Dian Octiana Buana Capital Securities 1,120 Hold 22 Oct 2014

11 Yualdo Tirtakencana Yudoprawiro RHB-OSK Securities 1,260 Buy 20 Oct 2014

12 Danny Eugene Mega Capital Indonesia 1,300 Buy 18 Sep 2014

41

STOCK PERFORMANCE

42

AWARDS & ACHIEVEMENT (1/2)

SMK3

Thiess

ISO 9001:2008

SNIAudit Certificate

WTON as part of Morgan

Stanley Capital Index (MSCI)

started on 07 Nov 2014

43

AWARDS & ACHIEVEMENT (2/2)

Fastest Growing Issuer 2015 -

Cement Category

by Warta Ekonomi Indonesia

Magazine

Best Employers 2015

by AON Hewitt Indonesia

Best IPO Deal of The Year 2014 in

Southeast Asia dan Best IPO of

The Year 2014 in Southeast Asia

For Retail Investors dari Alpha

Southeast Asia

Investor Award 2015

by Investor Magazine

44

COMPANY NEWSCSR Program – Kutanegara, Karawang, West Java

WIKA Beton planted 13,851 Seeds in 2014

WIKA Beton goes to campus - ITB

Sanitary facilities for public

CSR Program – Scholarship and Education Program

WIKA Beton goes to campus - UNSRI

END OF PRESENTATION

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