Jasa Marga Update
9M2022olders Meeting
1 August 2019
Company Overview
2
Company Highlights
Brief Snapshot
- Leading toll road operator in Indonesia with more than 40 years of experience.
- 35 toll road concessions with total length of 1,809 km.
- 70% shares owned by the Government of Indonesia.
- Listed on the Indonesia Stock Exchange since 2007, with a market cap Rp23.5 trillion as of 30th September 2022.
- Jasa Marga's Business Line
- Toll Road Concession Business Line (Hold concessions and manage its assets to give optimum return)
- Toll Road Operation Business Line (Provides operation & maintenance services for Jasa Marga Group and other toll road investors)
- Prospective Business (Manages rest areas and other properties along toll road corridors)
9M2022 Revenue Breakdown
Toll Revenue
- Subsidiaries
25%
Other Business | |
Toll Revenue - | Revenue |
9% | |
Jasa Marga | |
(13 old | |
concessions in | |
balance sheet) | |
66% |
Company Highlights
- Largest toll road operator in Indonesia with 64% market share in term of operated commercial toll roads lengths (± 1,260 km).
- The longest concession period holder in Asia reflecting stable income.
- The toll road industry has a long concession period, reflecting stable income in the future.
- Resilient industry with strong government focus.
- Strong financial profile with promising growth going forward.
Vision & Mission
Vision | To be the largest, trusted and sustainable national toll | |
road network company. | ||
1. | Lead toll road business along the end-to-end value | ||
chain professionally and continuously to improve | |||
National connectivity. | |||
2. | Optimize regional development for community | ||
progress. | |||
Mission | 3. | Increase value for shareholders. | |
4. | Enhance customer satisfaction through service | ||
excellence. | |||
5. Encourage the development and enhancement of | |||
employee performance in a harmonious | |||
environment. | |||
3
Company Key Development Milestone
1978
-
Jasa Marga was as a toll road regulator
and operator in Indonesia. - Jagorawi as the first toll road in Indonesia began its operation.
2004
The authority function was returned to the Government, under the
Ministry of Public Works through Toll
Road Regulatory Agency (BPJT)
2007
Jasa Marga became a public company through an Initial Public Offering (IPO) and listed its shares on the Indonesia Stock Exchange.
2021
▪ Manages | Positive | |
Performance | amid | the |
pandemic | with revenue | |
growth of | 22.8% | (YoY |
FY20-21) and reached EBITDA Margin at 65%.
- Booked Rp1.6T net profit.
2022
Spinning Off Transjawa Toll Road (4 operating segments and 9 ownership shares in
Transjawa Toll Road Subsidiaries) into PT JTT as a Sub-Holding of Transjawa Toll Company.
2019
- Successfully doubled our business in less than 4 years by operating 28 toll road concessions (±1,162 km).
-
Issue alternative financing
products: Infrastructure Investment Mutual Fund and Sukuk Ijarah, both at Gempol Pandaan Toll Road.
20172018
▪ Fully implemented electronic payment system in all toll roads.
-
Issue alternative financing
product: Securitization, Project Bond, Komodo Bond.
▪ Operated 24 toll road concessions (±1,000 km).
▪ Issue alternative financing product: Mutual Fund Limited Participation (Reksa Dana Penyertaan Terbatas).
4
Company Structure & Business Line Jasa Marga's Group
Jasa Marga owns 35 toll road concessions which are operated at the parent and subsidiary level, and under the sub-holding PT Jasamarga Transjawa Tol. Jasa Marga has 3 Subsidiaries which focus on the toll road operation and maintenance business and 1 Subsidiary in the prospective business.
Government of
Indonesia ("GOI")
Ministry of State-Owned
Enterprises ("MSOE")
70%
Public 30%
Shareholder Structure
Toll Road Concession Business Line
13 Mature Toll Roads | 22 New Toll Roads | ||||||
1. | Cawang-Tomang-Pluit | ||||||
1. | Nusa Dua-Ngurah Rai- | 14. | Jakarta-Cikampek II | ||||
(Jakarta Inner Ring Road) | Benoa | Elevated | |||||
2. | Prof. Dr. Ir. Sedyatmo | 2. | JORR W2 Utara (part of | 15. | Batang-Semarang | ||
JORR) | 16. | Semarang-Solo | |||||
(Airport) | |||||||
3. | Medan-Kualanamu-Tebing | 17. | Solo-Ngawi | ||||
3. | Jagorawi | Tinggi | 18. | Ngawi-Kertosono-Kediri | |||
4. | Padalarang | 4. | Bogor Ring Road | 19. | Surabaya-Mojokerto | ||
5. | JORR2 (Kunciran-Serpong) | 20. | Gempol-Pasuruan | ||||
5. | Cileunyi | ||||||
6. | Balikpapan-Samarinda | 21. | Gempol-Pandaan | ||||
6. | Jakarta Outer Ring Road | 7. | JORR2 (Cengkareng- | 22. | Pandaan-Malang | ||
7. | Ulujami-Pondok Aren | 8. | Kunciran) | ||||
8. | Jakarta-Tangerang | JORR2 (Serpong-Cinere) | |||||
9. | Manado-Bitung | ||||||
9. | Belmera | ||||||
10. | Jakarta-Cikampek II South | ||||||
10. | Jakarta-Cikampek | 11. | Probolinggo-Banyuwangi | ||||
11. | Palikanci | 12. | Yogyakarta-Bawen | ||||
13. | Gedebage-Cilacap | ||||||
12. | Surabaya-Gempol | ||||||
13. | Semarang A B C | Legend | |||||
Branch and Subsidiaries under Subholding | |||||||
PT Jasamarga Transjawa Tol |
Toll Road Operations Business Line | Prospective Business Line | |
3 Subsidiaries Supporting Operations | 1 Subsidiary in Business Development in Toll Road | |
PT Jalantol | ||
Lingkarluar | ||
Jakarta | ||
12 Associated Entities & Financial Asset Entities
As of 30th September, 2022
PRIVATE AND CONFIDENTIAL | 5 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
PT Jasa Marga (Persero) Tbk published this content on 31 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2022 11:41:01 UTC.