PT United Tractors Tbk (”Perseroan”) pada hari ini mengumumkan Laporan Keuangan Konsolidasian semester pertama untuk tahun buku 2019. Dalam laporan keuangan tersebut Perseroan membukukan pendapatan bersih sebesar Rp43,3 triliun atau meningkat sebesar 11% dibandingkan dengan semester pertama tahun 2018 sebesar Rp38,9 triliun. Sejalan dengan peningkatan pendapatan bersih, Perseroan membukukan laba bersih sampai dengan bulan Juni 2019 mencapai Rp5,6 triliun atau meningkat sebesar 2% jika dibandingkan dengan laba bersih pada periode yang sama tahun 2018 sebesar Rp5,5 triliun. Pertumbuhan laba bersih tersebut didorong oleh kinerja yang lebih baik dari segmen usaha Kontraktor Penambangan dan adanya kontribusi baru dari segmen usaha Pertambangan Emas, namun terdapat penurunan kinerja segmen usaha Mesin Konstruksi dan Industri Konstruksi.

Masing-masing segmen usaha, yaitu: Mesin Konstruksi, Kontraktor Penambangan, Pertambangan Batu Bara, Pertambangan Emas dan Industri Konstruksi secara berturut-turut memberikan kontribusi sebesar 28%, 44%, 16%, 8% dan 4% terhadap total pendapatan bersih konsolidasian.

Segmen Usaha Mesin Konstruksi

Segmen usaha Mesin Konstruksi mencatat penurunan penjualan alat berat Komatsu sebesar 20% menjadi 1.917 unit, dibandingkan dengan 2.400 unit pada semester pertama tahun 2018. Penurunan tersebut disebabkan oleh melemahnya penjualan alat berat dari sektor pertambangan dan perkebunan. Namun, Komatsu tetap mampu mempertahankan posisinya sebagai market leader alat berat, dengan pangsa pasar domestik sebesar 36% (berdasarkan riset pasar internal). Selain itu, pendapatan Perseroan dari penjualan suku cadang dan jasa pemeliharaan alat berat sama dengan periode yang sama tahun 2018 yaitu sebesar Rp4,4 triliun.

Penjualan produk merek lainnya yaitu UD Trucks mengalami penurunan dari 417 unit menjadi 302 unit, dan penjualan produk Scania turun dari 533 unit menjadi 291 unit. Penurunan penjualan UD Trucks dan Scania dikarenakan pengaruh penurunan harga batu bara dimana kedua produk tersebut banyak digunakan di sektor pertambangan.

Secara total, pendapatan bersih dari segmen usaha Mesin Konstruksi turun 13% menjadi sebesar Rp12,1 triliun dibandingkan Rp13,9 triliun pada periode yang sama tahun 2018.

Segmen Usaha Kontraktor Penambangan

Bidang usaha Kontraktor Penambangan dioperasikan oleh PT Pamapersada Nusantara (PAMA). Sampai dengan bulan Juni 2019, PAMA membukukan peningkatan pendapatan bersih sebesar 11% menjadi Rp19,3 triliun. PAMA mencatat peningkatan volume produksi batu bara sebesar 7% dari 56,6 juta ton menjadi 60,8 juta ton, sementara itu volume pekerjaan pemindahan tanah (overburden removal) meningkat 5% dari 445,5 juta bcm menjadi 469,0 juta bcm.

Segmen Usaha Pertambangan Batu Bara

Bidang usaha Pertambangan Batu Bara dijalankan oleh PT Tuah Turangga Agung (TTA). Total penjualan batu bara sampai semester pertama tahun 2019 mencapai 4,9 juta ton termasuk 674 ribu ton batu bara kokas, naik apabila dibandingkan dengan periode yang sama tahun 2018 sebesar 4,4 juta ton. Pendapatan unit usaha Pertambangan Batu Bara mencatat peningkatan sebesar 13% menjadi Rp6,8 triliun.

Segmen Usaha Pertambangan Emas

Pertambangan Emas dijalankan oleh PT Agincourt Resources yang mengoperasikan tambang emas Martabe di Tapanuli Selatan, Sumatera Utara. Sampai dengan bulan Juni 2019 total penjualan emas dari Martabe Gold Mine sebanyak 194.000 ons, sedangkan pendapatan bersih unit usaha Pertambangan Emas sampai dengan bulan Juni 2019 adalah sebesar Rp3,6 triliun.

Segmen Usaha Industri Konstruksi

Bidang usaha Industri Konstruksi dijalankan melalui PT Acset Indonusa Tbk (ACSET). Sampai dengan semester pertama tahun 2019, ACSET membukukan pendapatan bersih sebesar Rp1,5 triliun dari sebelumnya sebesar Rp1,7 triliun pada periode yang sama tahun 2018. Penurunan tersebut berasal dari kontribusi yang lebih rendah dari segmen infrastruktur seiring dengan beberapa proyek yang saat ini hampir rampung. Namun demikian, hingga semester ini ACSET mencatat rugi bersih sebesar Rp404 miliar dari sebelumnya mencatat laba bersih sebesar Rp73 miliar pada periode yang sama tahun 2018. Hal tersebut disebabkan karena adanya keterlambatan penyelesaian beberapa proyek Contractor Pre-Financing (CPF) dan proyek struktur yang menyebabkan peningkatan biaya pendanaan (funding cost), biaya overhead dan biaya percepatan penyelesaian proyek. Nilai kontrak baru yang diperoleh ACSET pada triwulan kedua tahun 2019 mencapai Rp1,4 triliun.

Segmen Usaha Energi

PT Bhumi Jati Power (BJP) yang 25% sahamnya dimiliki oleh anak perusahaan Perseroan saat ini sedang mengembangkan pembangkit listrik tenaga uap berkapasitas 2×1.000 MW di Jepara, Jawa Tengah. Hingga kuartal kedua tahun 2019, progres pembangunan konstruksi proyek ini telah mencapai 73% dan dijadwalkan akan memulai operasi secara komersial pada tahun 2021. BJP merupakan perusahaan patungan bersama antara anak usaha Perseroan, Sumitomo Corporation dan Kansai Electric Power Co Inc.

In addition to its current portfolio business in heavy equipment, mining contracting, mining concession, construction industry and energy, PT United Tractors Tbk (“the Company”) as one of the leading heavy equipment distributor in Indonesia, has successfully diversify its business through gold mine acquisition.

The Company through its wholly own subsidiary, PT Danusa Tambang Nusantara, on 4th December 2018 has completed the acquisition of 95% shares in PT Agincourt Resources, a mining company engaged in exploration, mining, and mineral processing of gold in North Sumatra, for approximately US$1.0 billion.

Upon completion of this transaction, PT Agincourt Resources is 95% owned by PT Danusa Tambang Nusantara, while the remaining 5% is held by PT Artha Nugraha Agung, which is owned by local government.

President Director of United Tractors, Gidion Hasan remarked, “The acquisition of PT Agincourt Resources is part of the Company’s strategic portfolio diversification and expansion in other mineral field, including gold. In the future, the Company expects to have a more balanced business portfolio that will generate sustainable earning contribution in the long term.”

PT Agincourt Resources operates Martabe Gold Mine located in North Sumatra in the District of South Tapanuli. Construction of Martabe Gold Mine was commenced in 2008 and production of gold and silver was commenced in 2012. As of December 2017, the mineral resource of Martabe Gold Mine was around 8.8 million ounces of gold, and estimated gold reserve was 4.7 million ounces. In 2017, Martabe Gold Mine sold around 352,000 ounces of gold.

Fur further information, please contact:

Sara Loebis

Corporate Secretary

Email               : ir@unitedtractors.com

Alamat             : Jl. Raya Bekasi Km.22 Cakung, Jakarta Timur 13910

Telp.                : (62-21) 3511961, Fax : (62-21) 3441413

PT United Tractors Tbk (“the Company”) closed the year of 2017 with consolidated net revenue of Rp64.6 trillion, or increased by 42% from Rp45.5 trillion in 2016, driven by improved performance in all business segment. Overall, to the Company’s consolidated net revenue, Mining Contracting segment contributed 46%, followed by Construction Machinery with 38%, Mining with 11%, and Construction Industry with 5% contribution.

In line with the revenue, the Company’s net profit increased by 48% to Rp7.4 trillion compared to Rp5.0 trillion in 2016, mainly due to higher operational volumes and better profit margins.

Construction Machinery Segment

Construction Machinery recorded an increase in Komatsu sales volume by 74% from a total of 2,181 units in 2016 to 3,788 units. Such increase was due to sales increase particularly from mining and plantation sectors. Komatsu managed to maintain its position as market leader with 35% market share (according to internal market research). Sales volume of UT’s other distributed brands, such as UD Trucks was increased from 361 units to 700 units, and Scania products sales was increased from 532 units to 1,116 units.

In line with the growth of unit sales, spare parts and maintenance services also recorded an increase in revenue by 22% to Rp7.1 trillion due to the growing need of customers to maintain and improve the life cycle of their equipment fleets. In total, Construction Machinery business line recorded an increase in revenue by 69% to Rp24.7 trillion, compared to Rp14.6 trillion in 2016.

Mining Contracting Segment

The Company operates its Mining Contracting segment through PT Pamapersada Nusantara (PAMA). In 2017, PAMA recorded 23% increase in net revenue to Rp29.6 trillion, with total coal production volume up by 3% from 109.2 million tons to 112.6 million tons, while overburden removal volume was up 14% from 701.5 million bcm to 800.8 million bcm.

Mining Segment

The Company’s Mining segment was operated by PT Tuah Turangga Agung. Total coal sales volume in 2017 decreased by 8% to 6.3 million tons, due to lower volume in coal trading business. However, the revenue was increased by 40% to Rp7.2 trillion, due to significantly higher average coal selling price.

Construction Industry Segment

The Construction Industry segment was represented by PT Acset Indonusa Tbk (ACSET). By the end of December 2017, ACSET booked revenue of Rp3.0 trillion, compared to Rp1.8 trillion in 2016. In line with revenue increase, net profit rose by 126% from Rp68 billion in 2016 to Rp154 billion.

In 2017, ACSET was awarded new contracts with total project valuation of Rp8.4 trillion, compared to Rp3.8 trillion in 2016. New notable contracts in 2017 are mostly infrastructure projects, including  Jakarta-Cikampek II Elevated Toll Road, Bakauheni-Sidomulyo Toll Road, JORR II Kunciran-Serpong Toll Road, and Light Rail Transit (LRT) Cawang – Dukuh Atas.

In March 2017, 25%-owned PT Bhumi Jati Power (BJP) has completed its project financing agreement with lenders (financial close). BJP will develop and operate 2×1,000 MW thermal power plant in Jepara, Central Java. Until the end of 2017, the progress of development has reached 12% and scheduled to start commercial operation in 2021. BJP is a joint venture between a subsidiary of the Company, Sumitomo Corporation and Kansai Electric Power Co. Inc.

In March 2017, the Company through its subsidiary Tuah Turangga Agung has completed the acquisition of 80.1% ownership in PT Suprabari Mapanindo Mineral (SMM), a coking coal concession in Central Kalimantan. SMM has started its commercial production by the end of 2017.

PT Bhumi Jati Power (“BJP”) has satisfied the required conditions precedent for the project financing of the Tanjung Jati B coal-fired power plant Units 5 & 6 Expansion Project or also called Pembangkit Listrik Tenaga Uap (PLTU) Jawa-4 (“Project”) and commenced construction work on the Project on March 31, 2017. BJP is owned by Sumitomo Corporation, The Kansai Electric Power Co., Inc., and PT United Tractors Tbk, through wholly-owned subsidiaries, respectively Sumi  Energy Ventures LLC, KP Power Development B.V. , and PT Unitra Persada Energia.

This BOT (Build, Operate and Transfer) Project will cost approximately US$4.2 billion, and the project cost mainly funded with the loan  from the Japan Bank for International Cooperation (JBIC) and a syndication of seven commercial banks: Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Trust Bank, Limited, Mitsubishi UFJ Trust and Banking Corporation, The Norinchukin Bank, and Singapore’s Oversea-Chinese Banking Corporation Limited covered by NEXI Overseas Investment Insurance.

BJP will build two new units of a high efficiency ultra-supercritical coal-fired power plant (generation capacity of 2,000 MW) that introduces efficient and environmentally friendly technology in an area adjacent to the existing Tanjung Jati B coal-fired power plant (Units 1-4), located in Jepara Regency, Central Java. The power plant will supply electricity over a period of 25 years to Indonesian power utility company PT PLN (Persero), following the completion of plant construction.

The project is scheduled to achieve commercial operation in 2021 and positioned as a part of 35,000MW power plants construction program promoted by Indonesian government.

Profile of PT Bhumi Jati Power (“BJP”)

BJP is a joint venture company established for the purpose of development and operation of the Project. PT Unitra Persada Energia holds 25% shares, Sumi Energy Ventures LLC holds 50% shares, and KP Power Development B.V. holds 25% shares in BJP.

PT United Tractors Tbk (“the Company”) today announced its consolidated financial statements for the financial year 2016. In the report, the Company recorded consolidated net revenue during 2016  decreased by 8% to Rp45.5 trillion compared to Rp49.3 trillion in 2015. The decrease was mainly driven by lower production volume and revenue from Mining Contracting business unit. Contribution in total revenue per business segment was mostly from Mining Contracting segment, that is 53%, followed by 32% from Construction Machinery, 11% from Mining, and 4% from Construction Industry.

Meanwhile, the Company recorded net income of Rp5.0 trillion in 2016, up 30% compared to Rp3.9 trillion in 2015 due to the absence of impairment loss on the carrying value of its coal mining properties which affected in 2015. Excluding the impact of non-cash impairment loss, the 2016 net income would have been 22% lower than 2015 (2015: Rp6.4 trillion).

Construction Machinery Segment

Construction Machinery segment recorded an increase in Komatsu sales volume by 3% to 2,181 units from 2,124 units in 2015. Higher sales volume of heavy equipment originated from construction and mining sectors. Komatsu remains the market leader in heavy equipment market in Indonesia, with market share at 32% (according to internal market research). On the other hand, the revenue of spare parts sales and maintenance services decreased by 5% to Rp5.8 trillion. Overall, total revenue of Construction Machinery segment during 2016 increased to Rp14.6 trillion or rose 7%.

Mining Contracting Segment

The Company operates its Mining Contracting segment through PT Pamapersada Nusantara (“PAMA”) which recorded a 21% decrease in net revenue of Rp24.0 trillion compared to Rp30.5 trillion in 2015. This result was primarily driven by lower overburden removal by 8% from 766.6 million bcm to 701.5 million bcm, while coal production was amounted to 109.2 million tons, relatively the same as last year.

Mining Segment

The Company’s Mining segment was operated by PT Tuah Turangga Agung. Total coal sales volume in 2016 increased by 48% to 6.8 million tons, driven by increased production capacity and better weather condition. In line with increasing coal sales volume, revenue of Mining business was also increased by 34% to Rp5.1 trillion from Rp3.8 trillion.

Construction Industry Segment

The Construction Industry segment was represented by PT Acset Indonusa Tbk (ACSET). In  2016, ACSET posted an increase in net revenue from Rp1.4 trillion to Rp1.8 trillion, with net income increased by 63% to Rp68.3 billion. ACSET has successfully obtained new contracts worth of Rp3.8 trillion in 2016 compared to Rp 3.1 trillion in 2015.

Business competition is every day’s reality not only among individuals or corporations but also among countries. The business competition should be addressed with hard work and efficient system. Bearing this in mind, the government of Indonesia has initiated to build the Bonded Logistics Centers (Pusat Logistik Berikat / PLB) serving as multi-function logistics warehouse for import and local goods by withholding the import duty and exempting value the added tax (PPN) and enabling operational flexibility. President of the Republic of Indonesia Joko Widodo officially opened the PLB in March 2016.

The legal basis for construction of the PLB is the Government Regulation (PP) No. 85 year 2015 on the amendment of the PP No. 32 year 2009 on the bonded warehouse and the amendment of the Finance Minister Regulation (PMK) No. 272//PMK.04/2015 on the bonded logistics center. The PLBs are located across Indonesia and they comprise multiple products, from automotive to industrial raw materials.

United Tractors’ PLB 

As a company constantly improving its service for the customer, UT also utilizes this facility. Registered as one of the companies in the PLB, UT now owns two bonded locations, which were chosen to reach out its customers, in Balikpapan, East Kalimantan and Cilincing, North Jakarta.

The presence of the PLB can facilitate logistics process by cutting the trade chain.  The product, initially to be exported, is diverted for the home market, shortening customer’s lead time for heavy equipment or spare parts needed. Customers also enjoy the benefit from exempted VAT (value added tax), getting heavy equipment and spare parts at more affordable prices.