Investor Presentaiton
FINANCE
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 45
Description
Total Sales Volume (thousand tons)
Domestic Sales Volume (thousand tons)
Export Sales Volume (thousand tons)
YTD Q3 2020 YTD Q3 2019
IDR Bio
Variance
SMARTER FASTER
BETTER
TIGA
RODA
SEMEN
INDOCEMENT
HEIDELBERGCEMENT Group
IDR Bio
IDR Bio
%
12,197
13,503
-1,307
-9.7%
12,111
86
13,400
-1,290
-9.6%
103
-17
-16.3%
Net Revenues
10,149.6
11,347.9
Cost of Revenues
-6,712.1
Gross Profit
% of Net Revenues
3,437.5
33.9%
Operating Expenses
-2,309.6
-1,198.4
-7,670.3 958.3
3,677.6 -240.1
32.4%
-2,492.1
-12.5% 2
-6.5%
182.5
Other Operating Income (Charge) - Net
-14.1
23.1
-37.2
-7.3%
-161.2% 3
Operating Income
1,113.8
1,208.6
-94.8
-7.8%
% of Net Revenues
11.0%
10.7%
EBITDA
2,009.8
2,092.2
-82.4
-3.9%
% of Net Revenues
19.8%
18.4%
Finance Income - Net
235.2
269.2
Equity in Net Earnings of Associated Companies - Net
Income before Final Tax and Income Tax Expense
10.7
12.0
1,359.7
1,489.7
-34.0
-1.3
-130.1
Net Income for the Period
1,116.7
1,175.8
-59.0
-10.6%
-8.7%
-5.0% 5
Total Comprehensive Income for the Period
1,105.2
1,175.4
-70.2
-6.0%
Bio IDR
-10.6% 1
-12.6% 4
• Revenues decreased by -10.6% higher than sales
volume decreased of -9.7% due to blend-in effect of
lower overall average selling price by -1.0%
• Cost of Revenues decreased by -12.5% driven mainly
by lower volume and:
Lower overall fuel & power cost/ton of -8.1%:
✓ Lower unit price of coal
✓ Higher usage of LCV coal
✓
Higher usage of alternative fuels
Higher Other Operating was mainly due to
impairment loss for machinery & equipment of IDR
73.5bio, admitted in Q2
• Lower finance income was due to reduction of
interest rate over past few months
1
1,175.8
3
4
134.3
48.2
71.0
1,116.7
958.3
Lower
volume
37.2
Lower
volume
& fuel
power
Asset
Impairment
34.0
Lower
interest
rate
1.3
Deferred
Tax Benefit
1,198.4
Slide 11 10 November 2020
NI 9M2019 Revenues
Cost Rev
Del Sel
Gen Adm
Other Inc Fin Results
Equity
Tax
NI 9M2020
Public Expose - IndocementView entire presentation