Jakarta – PT Solusi Bangun Indonesia Tbk (“SBI/the Company”) today, May 12, 2023, held its Annual General Meeting of Shareholders (“Meeting”) at Ra Suites Simatupang, Jakarta. One of the decisions made at the meeting was the appropriation of the 2022 net profit amounting to Rp839 billion and the distribution of dividends amounting to 30% of the net profit, totaling Rp251.78 billion, which marks a 14% increase from 2021.

“The Company successfully concluded 2022 with various achievements, both in terms of financial performance and sustainability focusing on innovations across various fronts. This certainly reflects our efforts in efficiency, innovation, and strengthening synergy with SIG as the parent company, as well as Taiheiyo Cement Corporation (TCC) as our strategic partner,” said Lilik Unggul Raharjo, the President Director.

Changes in the Company’s Board of Commissioners

The Meeting also approved changes in the composition of the Company’s Board of Commissioners as follows:

• Endorsement of the conclusion of tenure of Aulia Mulki Oemar as the President Commissioner.
• Appointment of Prijo Sambodo as the President Commissioner and Independent Commissioner. Therefore, the new composition of the Company’s Board of Commissioners is as follows:

Board of Commissioners

Board of Directors

Other Meeting Decisions

In addition to approving dividend distribution and changes in company management, the meeting also approved the Company’s Annual Report and endorsed the Company’s Financial Statements for the fiscal year ending on December 31, 2022.

Other decisions included delegating authority to the Board of Commissioners to determine bonuses for the fiscal year 2022 and remuneration (salary, facilities, and allowances) for the Management Board for the fiscal year 2023, setting bonuses for the fiscal year 2022 and remuneration (honorarium, facilities, and allowances) for the Board of Commissioners for the fiscal year 2023, and appointing the Public Accountant Office as the Company’s Independent Auditor to audit the Company’s Books for the Fiscal Year 2023.

Strengthening Capabilities for Profitability Enhancement in 2023

High inflation caused by global recession and commodity price increases contributed to a 6.5% contraction in domestic cement market demand in the first quarter of 2023 compared to the same period last year. The end of holiday seasons and dry weather entering the dry season are expected to improve demand for building materials, especially in the retail market, from the second quarter through the end of 2023.

The decline in domestic market demand also affected the Company’s cement and clinker sales volume, which contracted by 8% from 3.3 million tons to 3.1 million tons in the first quarter of 2023. However, sales volumes of ready-mix concrete and aggregates saw a significant increase driven by strategic construction projects and private sector construction. The Company achieved an increase in revenue to Rp2.92 trillion in the first quarter of 2023.

To address future industry and market challenges, Lilik Unggul Raharjo stated that SBI will strengthen its focus on four aspects: Operational Excellence, Process & Asset Optimization, Sustainable Development, and People & Leaders. In addition to enhancing synergy with SIG in optimizing production and distribution and managing market and pricing, SBI is also expanding the Company’s capabilities for utilization through the development of dock facilities and production facilities in Tuban, East Java, targeted for completion in early 2024.

“This facility presents an opportunity to target an export market potential of up to 1 million tons of cement to the United States through strategic cooperation with TCC. Projected cement demand in the United States is expected to reach around 112 million tons by 2025, with more than 20% of supply obtained from imports.1 Currently, aside from several countries that are already export destinations including Bangladesh and Australia, the Company has also exported clinker to the Philippines and Australia, which are part of TCC’s market network, known for their stable prices,” explained Lilik.

In addition to exports, synergy between SBI, SIG, and TCC also promotes the introduction and utilization of innovative solutions such as soil stabilization solutions to improve soft ground conditions. Thus, SBI has the opportunity to expand cement sales by tapping into these new market potentials. Together with TCC, SBI has begun introducing soil stabilization solutions to the mining sector to effectively, efficiently, safely address various soil-related issues in mining areas and reduce accident risks. This potential is not limited to the mining sector but also extends across various regions in Indonesia such as IKN locations in Kalimantan, public roads, and railway projects in Sumatra. This is another realization of strategic cooperation focusing on enhancing research and development of sustainable solutions.

SBI also manages profitability potential through efficient operations, lower interest rates from converting conventional debt to sustainability-linked loans, and innovation that brings innovative solutions to various customer development needs.

Tentang PT Solusi Bangun Indonesia Tbk

PT Solusi Bangun Indonesia Tbk adalah sebuah perseroan terbuka yang mayoritas sahamnya (83,52%) dimiliki dan dikelola oleh PT Semen Indonesia Industri Bangunan (SIIB) – bagian dari PT Semen Indonesia (Persero) Tbk atau SIG. Perseroan menjalankan usaha yang terintegrasi dari semen, beton siap pakai, agregat dan layanan pengelolaan limbah yang mengoperasikan empat pabrik semen di Narogong (Jawa Barat), Cilacap (Jawa Tengah), Tuban (Jawa Timur), dan Lhoknga (Aceh), dengan total kapasitas 14,8 juta ton semen per tahun, dan mempekerjakan lebih dari 2.000 orang.