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WSBP Obtained Rp 300 Million Credit Facility from BRI Syariah

Jakarta, May 29th 2017. PT Waskita Beton Precast Tbk (WSBP) signed a credit facility from PT Bank BRI Syariah on Monday (29/05). The Company obtained a loan of Rp 300 Bn to finance the Cimanggis-Cibitung Toll Ways (CCTW) project of Section 2, which has a contract value of Rp 2,2 Tn. This agreement is an addendum or extension of the terms of the previous agreement with the same amount already settled in mid-May 2017.

The previously, the company has received credit facilities were used to finance the Palembang Light Rail Transit / LRT project and procurement of PCI Grider. This credit facility is a Working Capital or Musyarakah Contract with a tenor of 15 months since the agreement is signed.

CCTW project has a length of 26,3 km with the current progress is 20,1%. The CCTW will connect with the Jagorawi Toll, Cinere-Jagorawi Toll (construction phase), Jakarta Cikampek Toll and Cibitung-Cilincing Toll. The CCTW project, which was rebuilt in October 2015, is targeted for completion in 2019.

Ratna Ningrum

Corporate Secretary

PT Waskita Beton Precast, Tbk 

Indonesia’s Minister of Transportation Review the LRT Palembang Project Progress, Will Operate On June 2018

Jakarta, May 23th, 2017.  On Saturday, May 23th, 2017, the prestigious project by PT Waskita Karya (Persero) (WSKT) Tbk as main contractor and PT Waskita Beton Precast Tbk (WSBP) as the readymix and girder supplier for LRT Palembang project had visited by special guests from Minister of Transportation Indonesia, Budi Karya. The arrival of Budi Karya to ensure the preparation of LRT Palembang to support the 2018 Asian Games in Palembang.

The contract value of LRT Palembang related with readymix and grider supplied by WSBP has addendum of additional contract value from Rp 963 Bn to around Rp 1,2 Tn. As of March 2017, the progress of LRT Palembang related to readymix and grider supplied by WSBP has reached 68% or equivalent to Rp 826 Bn from total contract of around Rp 1,2 Tn. LRT Palembang expected to be completed faster than the initial target, which is 100% in December 2017 for the LRT line and start the operations in June 2018.

Ratna Ningrum

Corporate Secretary

PT Waskita Beton Precast, Tbk 

Q1 of 2017, WSBP Contract Realization Realized 35%

5 April 2017. During periof of January – March 2017, PT Waskita Beton Precast Tbk (WSBP) get a new contract Rp 4.4 Tn. This achievement equivalent to 35% of the new contract target in 2017 is Rp 12,3 Tn. Throughout March 2017, WSBP's new contracts increased with the inclusion of several projects such Jakarta Garden City, Jakarta - Cikampek Toll Road Project and Betung Ship Project. The acquisition of new contracts in the Q1 of 2017 Rp 4,4 Tn increased to 6,5 times from the acquisition of new contracts in the Q1 of 2016 amounting to Rp 677,5 Bn.

President Director of PT Waskita Beton Precast Tbk, Jarot Subana, said the massive government infrastructure project is not only a blessing for construction companies, but also for WSBP which is the largest precast producer in the country. He explains, WSBP products currently supply many needs of road infrastructure development, especially from toll road projects.

"The demand for precast and readymix in the post-Jokowi road infrastructure project were significantly increased. In 2016, we managed to get a new contract Rp 12, 2 Tn. During the first three months of 2017, we obtained new contracts worth Rp 4,4 Tn or 35% of the new contract target of Rp 12,3 Tn. For the incoming year, new contracts will remain high", Jarot said.

This year, WSBP once again increased the production capacity by 600.000 tons to 3,25 million tons. WSBP will add 2 precast plants in Kalimantan and Sumatra with each capacity of 300.000 tons. In 2016, WSBP also expanded its production capacity to 2,65 million tons from 1,8 million tons in 2015.

In the framework of strengthening working capital, in the last week of March 2017, the company obtained an additional working capital loan from PT Bank ICBC of Rp 300 Bn to Rp 700 Bn. Finance Director, Budi Setyono said that after the IPO, company will increase the portion of bank loans to strengthen working capital, especially to accommodate the entry of turnkey projects that have a premium margin.

"Currently our debt to equity is 0,45 times with the amount of equity Rp 7,4 Tn. It’s mean, we still have a large space for bank loans. The IPO fund is still remaining Rp 3,7 Tn and this year we are targeting the acceptance of Becakayu turnkey project is Rp 3 Tn. We are very ready, "Budi said.

With a new 2017 contract target of Rp12,3 Tn added with a carry over of 2016 of Rp 10 Tn, the company has a total order book of Rp 22 Tn. For financial performance, in 2017, WSBP is targeting Rp 7,75 Tn revenue, or 64% growth (YoY) and net profit target of Rp 1,13 Tn, or 78% growth (YoY).

Ratna Ningrum

Corporate Secretary

PT Waskita Beton Precast, Tbk 

PT Waskita Beton Precast Tbk Booked Net Profit Rp 391 Billion

Jakarta, November 1st, 2016. As one of the newest listed companies in Indonesia Stock Exchange, PT Waskita Beton Precast Tbk (stock code: WSBP) delivered the first performance in Q3 of 2016. Based on unaudited financial statements for the period ending September 30th,   2016, the company's revenues realized Rp 3,066 Tn, with revenues from sales of precast concrete amounting to Rp 2,45 Tn. While the revenue from readymix concrete sales of Rp 614 Bn with net profit obtained of Rp 391 Bn or 65% from target of 2016 is Rp 610 Bn, and growing by 85% compared to profit in the same period last year amounted to Rp 211 Bn.

In mid-September 2016, WSBP succeeded in an IPO (Initial Public Offering) and raised funds Rp 5,16 Tn. The IPO fund will be used for 44% for business development, and 56% for working capital. As of September 2016, WSBP has secured a new contract of Rp 7,45 Tn or around 94% of the new contract target set for 2016 at Rp 8 Tn. The major contracts that have been obtained by WSBP are Cimanggis- Cibitung Toll Road Project of Rp 2,3 Tn, Bogor - Ciawi - Sukabumi Toll Road Rp 770 Bn, Pasuruan - Probolinggo Toll Road Rp 500 Bn, Pemalang - Batang Toll Road Rp 1,5 Tn, Batang - Semarang Toll Road Rp 500 Bn, and LRT Palembang Rp 1 Tn.

Up to September 2016, WSBP has a total production capacity of 2,3 million tons, of which the Karawang plant has a capacity of 400.000 tons, Cibitung is capable of producing with a capacity of 350.000 tons, Sadang plant has a capacity of 375.000 tons, Subang plant has a capacity of 300.000 tons, Bojanegara plant has a capacity of 200.000 tons, Kalijati has a capacity of 250.000 tons, in Palembang plant has a capacity of 100.000 tons, and Prambon, Sidoarjo has a capacity of 325.000 ton. By the end of 2016, WSBP plants to build 2 new precast plants in Palembang for 250.000 tons and Klaten for 100.000 tons. So in this year, WSBP production capacity is targeted to increase to 2,65 million tons by the end of 2016.

Ratna Ningrum

Corporate Secretary

PT Waskita Beton Precast, Tbk