PT Fajar Surya Wisesa Tbk.Paparan Public / Public Expose 2019

29 November 2019

.

Memiliki kapasitasproduksi 1,3 juta ton

per tahun

1,3 million tonnesproduction capacity

Lebih dari 20 negaratujuan ekspor

Export sales to more than 20 countries

Beroperasi lebih dari30 tahun

More than 30 years in the Paper Industry

Menggunakan 100% kertas daur ulang

100% used of recycled waste paper

Green Company bersertifikat FSC, dan

terdaftar di CDM dan JCM

Green Company with FSC certification and CDM, JCM

registered

2

Sekilas Perusahaan Company Overview

Confidential 3

Sekilas Perusahaan Company Overview

Akuisisi pabrik kertas di Jawa Timur

• Melalui PT Dayasa Aria Prima, anak

perusahaan dari FASW

• Proses akuisisi telah rampung di tahun ini

• Dalam proses refurbishment, target kapasitas

produksi awal, 300 ribu ton/tahun

• Target pasar Jawa Timur dan ekspor

Akuisisi kepemilikan saham oleh SCGP Solutions

• Efektif per 28 Juni 2019

• SCGP Solutions bagian dari SCG Packaging

Public Company Limited, Thailand

• SCGP Solutions memiliki sekitar 55% FASW

Acquisition of paper mill in East Java

• Acquisition through Dayasa Aria Prima, a

subsidiary of FASW

• Acquisition process has been completed

• In refurbishment process, initial production

capacity is expected to be 300k ton/year

• Target market, East Java and exports

Acquisition of share ownership by SCGP Solutions

• Effective per 28 June 2019

• SCGP Solutions is part of SCG Packaging

Public Company Limited, Thailand

• SCGP Solutions owns around 55% of FASW

4

Cikarang BaratJakarta

JAWA BARAT

(West Java)

JAWA TIMUR

(East Java)

Lokasi PabrikJawa Barat /

West Java mill Location

Lokasi PabrikJawa Timur /

East Java mill Location

Driyorejo

Surabaya

Lokasi yang Strategis Strategic Location

Sejarah Perusahaan

Sert

ifik

at

/ C

ert

ific

ati

on

Seja

rah

Peru

sahaan /

C

orp

ora

te M

ilest

one

1988 1989 1990 1994 2001 2006 2010 2011 2012 2013 201720161996

1990 PM1

2011 Incinerator 2

2006 PM7

Cogen 2

1996 PM3

Cogen 1

Waste Water

Treatment

1989 PM2

2010 PM5

2012 PM7 upgrade

PM2 upgrade

2017 PM8

Cogen 3

2010 ISO14001

Environmental

Management

2012 FSC Certification

Clean development

mechanism (CDM)

2013 Ecolabelling

Certification

2016 WCO Authorized

Economic Operator

2011 OHSAS 18001

Employee health

and Safety

CDBCMP & KLB

--

58,000

50,000

58,000

150,000

300,000150,000

500,000

150,000

750,000

150,000

850,000150,000

1,150,000

1988

Didirikan /

Incorporated

1994

IPO in IDX

2003

Note : CDB (Coated Duplex Board), CMP (Corrugated Medium Paper), KLB (Kraft Liner Board), Cogen (Power Plant), Incinerator

2019

(ton per tahun /Year)

2018

2018 Acquisition East

Java Paper mill

1.3juta /

million

Key Milestone

2019 55% kepemilikan di

akuisisi / ownership

was acquired by

SCGP Solutions

(Singapore) Pte. LTD

Kapasitas /Capacity

2003 ISO9001:2000

Quality Management

1996 ISO9001:1994

Quality Management

2001 Incinerator 1

2017 Joint Credit

Mechanism (JCM)

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Model Bisnis FajarPaper

Kertas Daur UlangRecycle Waste Paper

Produksi KertasPaper Manufacturing

Barang KonsumsiConsumer Good Boxes

Kertas Bekas Daur UlangRecycle Waste Paper

Kertas KemasanProducts

Sustainable Business Model

6

Proses Produksi

1. Collection

2. Re pulping3. Screening & cleaning

4. Headbox

5. Press & dryer section

6. Pope Reel 7. QC check

8. Rewinder

Waste papers are collected

mostly by scavengers, and sold to

collection agents

Collection agents then will sell

and transport the pooled waste

papers to Fajar Paper

Waste papers are dumped in pulper

using conveyors, to be dissolved

with water and become paper pulp

All the contaminants, such as plastics,

wires, sands, etc. in the paper pulp are

removed based on the size (Screening)

and based on the density (Cleaning)

The formation of paper sheet from

paper pulp starts here, where the

paper pulp distribution and moisture

reduction are controlled to get a

good formation of paper sheet

The water content of the newly-formed paper

sheet is further reduced in these sections

Press section is where paper sheet is pressed in

between two rolling rolls before going to dryer

section

Dryer section is where paper sheet is dried using

steam-heated rolls

The perfectly formed paper sheet is

winded in the pope reel and becomes

one jumbo roll

Various sections of the jumbo roll

are checked by QC to determine the

paper quality of that jumbo roll

The jumbo is re-winded

where the cores are inserted

in the middle of the new

jumbo roll, and then cut into

smaller rolls

Production Process

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Sertifikasi

IS0 14001Environmental Management

Berlaku sampai /

Valid thru

2020

IS0 18001Employee health and safety

Berlaku sampai /

Valid thru

2020

Forest Stewardship CouncilBerlaku sampai /

Berlaku sampai /

Valid thru

2022

IS0 9001Management Quality System

Belaku sampai /

Valid thru

2022

IS0 45001Occupational Health and

Safety Management SystemBerlaku sampai /

Valid thru

2020

Clean Development MechanismCarbon Credit

Berlaku / Valid

2012 - 2022

Ekolabel / EcolabelingRecyclable and Eco-friendly

Berlaku sampai / Valid thru

2020

Joint Credit MechanismGreenhouse Gas (GHG)

emission reductionsBerlaku sampai /

Valid thru 2021

Authorized Economic OperatorMinistry of Finance Indonesia

Berlaku sampai /

Valid thru

2021

Certifications

8

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Perbandingan Pertumbuhan PDB Regional /GDP Growth Rates Comparison

5,3% 5,8%

5,4%

4,6%

3,1%

Indonesia Vietnam Philippines Malaysia Thailand

(2017-21 CAGR)

Data Demografi – Indonesia /Indonesia - Demographic Data

31% 30% 29% 28% 26% 25% 23% 22% 21% 21% 20%

65% 65% 66% 67% 68% 68% 68% 68% 68% 67% 66%

5% 5% 5% 5% 6% 7% 8% 10% 11% 12% 14%

2000 2005 2010 2015 2020F 2025F 2030F 2035F 2040F 2045F 2050F

Age 0 - 14 Age 15 - 64 Age 65+

212 227 243 258 272 285 296 305 312 318 322

Total population (million)

Konsumsi Pribadi – Indonesia /Indonesia - Personal Consumption

4.512 4.750 4.980 5.231 5.492 5.761 6.067 6.352 6.669

2013 2014 2015 2016 2017F 2018F 2019F 2020F 2021F

(IDR trn)

Konsumsi Kertas per negara / Paperboard consumption by country

12

19

33

47

49

49

56

88

111

124

Philippines

Indonesia

Vietnam

Singapore

China

Thailand

UK

Japan

Germany

US(kg / Capita)

Data Ekonomi Economic Data

Dari berbagai sumber /

From various sources

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Laporan Rugi Laba Income Statement

(Dalam Milyar Rupiah) 2017A 2018A 9M2018 9M2019 (in IDR Billion)

Penjualan Bersih 7,337 9,938 7,451 6,367 Net Sales

(–) Beban Pokok Penjualan -5,924 -6,920 -5,208 -4,792 (–) Cost of Goods Sold

Laba Kotor 1,413 3,019 2,243 1,575 Gross Profit

(–) Beban Operasional -255 -464 -353 -328 (–) Operational Expenses

Laba Operasional 1,158 2,555 1,890 1,248 Operating Income

(–) Beban Keuangan -293 -319 -257 -240 (–) Interest & Finance Costs

(–) Lain – Lain -40 -247 -365 87 (–) Others

Laba sebelum pajak 825 1,988 1,268 1,095 Profit before Tax

(-) beban pajak -229 -583 -401 -289 (-) Tax Expense

Laba bersih 596 1,405 868 806 Net Profit

Margin Laba Bersih 8% 14% 12% 13% Net Profit Margin

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Laporan Posisi Keuangan Balance Sheet

(Dalam Milyar Rupiah) 2017A 2018A 9M2018 9M2019 (in IDR Billion)

Aset tidak lancar bersih 6,586 7,435 6,637 7,956 Total Noncurrent Assets

Kas dan bank 288 355 304 114 Cash and Bank

Piutang usaha 1,344 1,872 1,766 1,602 Account Receivable

Aset lain-lain 1,152 1,303 1,595 1,318 Others - Asset

Total Aset 9,370 10,965 10,303 10,990 Total Assets

Utang usaha 1,081 1,188 1,048 1,027 Account Payable

Utang bank 1,030 878 1,172 1,399 Bank Loans

Utang jangka panjang yang jatuh

tempo dalam satu tahun1,318 351 351 442

Current Maturities of

Long-Term Loans

Utang jangka panjang 1,802 2,889 2,459 2,506 Long Term Loans

Liabilitas pajak tangguhan 301 478 459 505 Differed Tax Liabilities

Utang/Liabilitas lain-lain 550 893 831 605 Others - Loans and Liabilities

Total Liabilitas 6,082 6,677 6,320 6,484 Total Liabilities

Total Ekuitas 3,288 4,288 3,982 4,505 Total Equity

Total Liabilitas dan Ekuitas 9,370 10,965 10,303 10,990 Total Liabilities and Equity

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Thank You Terima Kasih(Thank You)

Q & A