DRIVEN TO INNOVATE
DRIVEN TOINNOVATEGROWING NETWORK2019LAPORAN TAHUNANANNUAL REPORT
DRIVEN TOINNOVATEGROWING NETWORKPerseroan meyakini bahwa inovasi dan perubahan di dalam perusahaan merupakankunci dari pertumbuhan berkesinambungan dan dapat menjaga semangat kerjademi menghadapi tantangan yang ada. Usaha Perseroan menciptakan laba, peluangusaha, dan operasi yang baik tentunya membutuhkan dukungan seluruh stakeholders.Mengembangkan hubungan baik dengan stakeholders juga menjadi fokus perbaikanPerseroan di tahun 2019.The Company believes that innovation and shifting in the Company becomekey towards a sustainable growth and will maintain work spirit in dealingwith current business challenges, and a good operation also requiresharmonious relationship with stakeholders that also becomesone of the Company's improvement focus in 2019.
PT Semen Baturaja (Persero) TbkSanggahan dan Batasan Tanggung JawaBDisclaimerLaporan Tahunan ini memuat pernyataan kondisi keuangan,hasil operasi, kebijakan, proyeksi, rencana, strategi, sertatujuan PT Semen Baturaja (Persero) Tbk yang digolongkansebagai pernyataan ke depan dalam pelaksanaan perundangundangan yang berlaku, kecuali hal-hal yang bersifat historis.Pernyataan-pernyataan tersebut memiliki prospek risiko,ketidakpastian, serta dapat mengakibatkan perkembanganaktual secara material berbeda dari yang dilaporkan.Pernyataan-pernyataan prospektif dalam Laporan Tahunan inidibuat berdasarkan berbagai asumsi mengenai kondisi terkinidan kondisi mendatang serta lingkungan bisnis dimana PTSemen Baturaja (Persero) Tbk menjalankan kegiatan usaha.PT Semen Baturaja (Persero) Tbk tidak menjamin bahwadokumen-dokumen yang telah dipastikan keabsahannyaakan membawa hasil-hasil tertentu sesuai harapan. LaporanTahunan ini memuat kata “Perseroan” atau “Perusahaan”yang didefinisikan sebagai PT Semen Baturaja (Persero) Tbk.Adakalanya kata “kami” digunakan atas dasar kemudahan untukmenyebut PT Semen Baturaja (Persero) Tbk secara umum.This Annual Report contains statements on financial conditions,operating results, policies, projections, plans, strategies,and objectives of PT Semen Baturaja (Persero) Tbk, which areclassified as forward-looking statements in the implementationof prevailing laws, except for historical matters. These statementscontain possibility of risk, uncertainty, and may result in actualdevelopments that are materially different from the reportedinformation. Prospective statements in this Annual Report arebased on various assumptions on current and future conditionsas well as business environment where PT Semen Baturaja(Persero) Tbk conducts business activities. PT Semen Baturaja(Persero) Tbk does not guarantee the documents that haveconfirmed their validity will bring certain results as expected.This Annual Report contains the words "Company" which refersto PT Semen Baturaja (Persero) Tbk. The word "we" is often usedon the basis of convenience to generally alter PT Semen Baturaja(Persero) Tbk.informasi yang disajikan dalam laporan tahunanInformation Presented in Annual ReportReferensi dan standar yang digunakan Perseroan dalampenyusunan Laporan Tahunan PT Semen Baturaja (Persero) Tbkmenggunakan parameter dan kriteria standar yang berlaku diIndonesia tempat dimana Perseroan melaksanakan kegiatanusahanya. Dikarenakan Perseroan melakukan penerbitanobligasi, maka dengan statusnya sebagai emiten penyampaianLaporan Tahunan menggunakan kriteria yang tercantum dalamPeraturan Otoritas Jasa Keuangan No. 29 /POJK.04/2016 tentangLaporan Tahunan Emiten atau Perusahaan Publik dan SuratEdaran Otoritas Jasa Keuangan No.30/SEOJK.04/2016 tentangBentuk dan Isi Laporan Tahunan Emiten atau PerusahaanPublik, serta kriteria dalam Annual Report Award (ARA).References and standards applied by the Company in preparingAnnual Report of PT Semen Baturaja (Persero) Tbk refer to thestandard parameters and criteria that prevail in Indonesia wherethe Company conducts its business activities. As a bonds-issuerCompany and its status as an Issuers submits an Annual Reportusing the criteria as stipulated in Financial Services AuthorityRegulation No. 29/POJK.04/2016 concerning Annual Reports ofIssuers or Public Companies and Financial Services AuthorityCircular Letter No.30/SEOJK.04/2016 concerning the Form andContent of Annual Reports for Issuers or Public Companies, aswell as the Annual Report Award (ARA) criteria.Dalam rangka menjalankan best practice pelaksanaan prinsipprinsip Tata Kelola Perusahaan yang Baik atau Good CorporateGovernance (GCG), penyampaian laporan ini juga mengacupada pedoman praktik tata kelola yang berlaku di lingkupregional ASEAN, yaitu menggunakan parameter ASEAN CGScorecard. Perseroan juga menyampaikan beberapa aspekyang merupakan bagian dari pengembangan dan interpretasikami atas isi Laporan Tahunan. Dengan demikian, PT SemenBaturaja (Persero) Tbk mengharapkan Laporan Tahunan inidapat mendorong peningkatan keterbukaan informasi yangwajar seiring dengan terpenuhinya aspek komposisi dan aspeksubstansi.In order to exercise best practice in the Good CorporateGovernance (GCG) implementation, submission of this reportalso refers to guidelines of governance practices that is adaptedin the ASEAN scope, using ASEAN CG Scorecard parameter.The Company also presented several aspects as part of ourdevelopment and interpretation on the Annual Report contents.Therefore, PT Semen Baturaja (Persero) Tbk expects this AnnualReport will encourage improving disclosure of reasonableinformation along with the fulfillment of composition andsubstantive aspects.2
LAPORAN TAHUNAN 20192019 ANNUAL REPORTKESINAMBUNGAN TEMATheme Sustainability2018Visi untuk Memimpin dengan Nilai BerkelanjutanVision to Lead with Sustainable ValuesMempertahankan dan mengimplementasikan nilai-nilai terbaik menjadi kunciPerseroan untuk menjawab setiap tantangan. Semangat optimisme dan kebijakankebijakan yang telah dirumuskan secara strategis, Perseroan siap melangkah lebihjauh dengan performa yang lebih tangguh di peta persaingan.The cultivation of best values and its consistent implementation are the Company’smaneuvers to answer every challenge. Through optimism and strategic policies, theCompany is all set to step further with a stronger performance in the competition.2017Meningkatkan Keunggulan Menggapai KelestarianExceeding Prime for Environmental SustainabilityDi tengah kondisi industri yang semakin memberikan tantangan PT SemenBaturaja (Persero) Tbk mampu untuk terus melangkah maju dan menunjukkankeunggulannya. Berbagai langkah strategis berhasil diaktualisasikan di tahun 2017,di antaranya Perseroan sukses mendirikan pabrik semen ramah lingkungan sebagaiekspansi kegiatan operasional serta berhasil memproduksi 3.850 ton semen yangmerupakan dua kali lipat dari kapasitas semen dibanding tahun sebelumnya.In the course of challenging circumstances PT Semen Baturaja (Persero) Tbkmanaged to move forward and show its excellence. Several strategic motions havetriumphantly been actualized in 2017, amongst which are the establishment of anenvironmental-friendly plant to support its expansive operational system as wellas to procure 3,850 tons of cement which was doubling the Company’s commodityproduction capacity compared to the previous year.2016Dalam Semangat yang Tak TerpatahkanUnbreakable Spirit WithinKemajuan sebuah peradaban terlihat dari kokohnya pembangunan. PT SemenBaturaja berhasil memperkuat produktivitas dan mendistribusikan produknyahingga kota-kota lain di regional Sumbagsel. Kekuatan ini didukung oleh kokohnyasemangat sumber daya manusia, bersinergi untuk membangun intensifikasi usaha.The advancement of a civilization can be seen from the sturdy construction.PT Semen Baturaja succeeded in strengthening productivity and distributes itsproducts to other cities in the Southern Sumatera region. This strength is supportedby the sturdy fervor of human resources, synergize together to build intensivebusiness.3
PT Semen Baturaja (Persero) TbkDaftar IsiTable of ContentsPenjelasan Tema LAPORAN TAHUNAN2019Annual Report 2019 Theme Explanation1Sanggahan dan Batasan TanggungJawabDisclaimer2Informasi yang disajikan dalamlaporan tahunanInformation Presented in Annual Report2Kesinambungan TemaTheme Sustainability3Daftar IsiTable of Contents4IKHTISAR UTAMA 20192019 Main Highlights923LAPORAN MANAJEMENManagement Report24Laporan KomisarisReport from Board of Commissioners32Laporan DireksiReport from Board of Directors44Surat Pernyataan Anggota Dewan Komisarisdan Direksi Tentang Penandatanganan SuratPernyataan Tanggung Jawab Atas LaporanTahunan 2019Board of Commissioner' and Board of Directors'Statements on Signing of Responsibility onAnnual Report 201945Surat Pernyataan Anggota Dewan Komisarisdan Direksi Tentang Tanggung Jawab AtasLaporan Tahunan 2019Responsibility Statements of Board ofCommissioner and Board of Directors onAnnual Report 201910Kinerja Unggulan 20192019 Top Performance11Keunggulan KamiOur Excellence14Peristiwa Penting 20192019 Events Highlights16Ikhtisar Keuangan 20192019 Financial Highlights48Identitas PerusahaanCorporate Identity19Ikhtisar Operasional 20192019 Operational Highlights50Riwayat Singkat PerusahaanCompany at a Glance19Ikhtisar SahamShares Highlights52Visi, Misi dan Budaya PerusahaanVision, Mission and Corporate Culture20Informasi ObligasiBond Information53Riwayat Visi dan MisiVision and Mission Review21SuspensiSuspension54Nilai Budaya SMBRSMBR Corporate Value56Wilayah OperasionalOperational Area57Kegiatan Usaha, Produk dan JasaBusiness Activities, Products and Services62Struktur OrganisasiOrganization Structure66Pejabat Satu Tingkat Di Bawah DireksiExecutive One Level Under The Board ofDirectors4PROFIL PERUSAHAANCompany Profile47
LAPORAN TAHUNAN 20192019 ANNUAL REPORT68Profil Dewan KomisarisProfile of Board of Commissioners74Profil DireksiProfile of Board of Directors81Jumlah Karyawan dan Data PengembanganKompetensi KaryawanEmployee Demography and CompetencyDevelopment98Hubungan Afiliasi Antara Anggota Direksi,Dewan Komisaris dan Pemegang SahamAffiliation Between Board of Directors, Board ofCommissioners Members and Shareholders99Pernyataan Independensi Masing-MasingKomisaris IndependenIndependency Declaration of The IndependentCommissioner101Komposisi Pemegang SahamShareholders Composition105Kronologis Pencatatan SahamChronology of Shares Listing105Kronologis Pencatatan Efek LainnyaChronology of Other Securities Listing106Pemegang Saham Pengendali, Entitas Anak,Entitas Asosiasi dan Ventura BersamaControlling Shareholders, Subsidiaries,Associated Entities and Join Venture107Entitas AnakSubsidiaries110Penghargaan dan SertifikasiAwards and Certification117Lembaga dan Profesi Penunjang Pasar ModalCapital Market Supporting Institutions andProfessions119Alamat Entitas Anak, Kantor Cabang dan KantorPerwakilanAdresses of Subsidiaries, Branch, andRepresentative Offices120Informasi Pada Website PerseroanInformation on The Official Website123Pendidikan dan/atau Pelatihan DewanKomisaris, Direksi, Komite-komite, SekretarisPerusahaan dan Unit Audit InternalEducation and/ or Treining of The Boardof Commissioners, Directors, Committees,Corporate Secretary and Internal Audit Unit5
PT Semen Baturaja (Persero) TbkANALISA & PEMBAHASANMANAJEMENManagement Discussion & Analysis132TINJAUAN OPERASIONALOperational Overview139Tinjauan Kinerja KeuanganFinancial Review131140Neraca KonsolidasianConsolidated Balance Sheet146Laporan Laba Rugi dan PenghasilanKomprehensif Lain KonsolidasianConsolidated Statements of Profit or Loss andOther Comprehensive Income154Analisa Arus KasCash Flows Analysis157Kemampuan Membayar Utang dan TingkatKolektibilitas Piutang PerseroanAbility to Pay Debt and Collectibility Ratio159Struktur Modal dan Kebijakan Atas ModalCapital Structure and Capital Structure Policy162Ikatan Material untuk Investasi Barang ModalMaterial Commitment for Capital GoodsInvestment (CAPEX)162Investasi Barang ModalCapital Investment176Informasi dan Fakta Material yang TerjadiSetelah Tanggal Laporan AkuntanSubsequent Material Facts and InformationAfter Accountant Reporting Date176Informasi Material Mengenai Investasi,Ekspansi, Divestasi, Akuisisi & RestrukturisasiUtang/ ModalMaterial Information on Investment, Expansion,Divestment, Acqisition & Debt/ CapitalRestructuring177Transaksi Material Yang Mengandung BenturanKepentinganMaterial Transactions with Conflict Interest179Perubahan Peraturan Perundang-undanganChanges in Regulation180Perubahan Kebijakan AkuntansiChanges in Accounting Policies183Informasi Kelangsungan UsahaInformation on Business ContinuityTata Kelola PerusahaanGood Corporate Governance187188Penerapan Tata Kelola PerusahaanCorporate Governance Implementation204Rapat Umum Pemegang SahamGeneral Meeting of Shareholders (GMS)222Dewan KomisarisBoard of Commissioners163Perbandingan Antara Target Pada Awal TahunBuku dengan Hasil yang DicapaiComparison Between Targets at The Beginningof The Fiscal Year with The Result Achievement235164Perbandingan Antara Target Tahun Mendatangdengan Hasil yang DicapaiComparison Between The Future Years Targetwith The Achieved ResultsKomisaris IndependenIndependent Commissioners238167Prospek UsahaBusiness ProspectKinerja Komite di Bawah Dewan KomisarisPerformance of The Committees under TheBoard of Commissioners239169Aspek PemasaranMarketing AspectDireksiBoard of Directors174Kebijakan DividenDividend Policy255176Realisasi Penggunaan Dana Hasil PenawaranUmumRealization of Public Offering ProceedsHubungan Afiliasi antara Anggota Direksi,Dewan Komisaris dan Pemegang SahamAffiliation between Members of the Boardof Directors, Board of Commiss ioners andShareholders258Penilaian Penerapan GCG Atas DewanKomisaris dan DireksiAssessment on GCG Application for Board ofCommissioners and Board of Directors6
LAPORAN TAHUNAN 20192019 ANNUAL REPORT263Keberagaman Komposisi Dewan Komisaris danDireksiBoard of Commissioners and Board of DirectorsComposition Diversity269Komite Nominasi dan RemunerasiNomination and Remuneration Committee270Kebijakan Remunerasi Bagi Dewan Komisarisdan DireksiRemuneration Policy for The Board ofCommissioners and Directors276Komite AuditAudit Committee288Komite Manajemen RisikoRisk Management Committee302Sekretaris PerusahaanCorporate Secretary308Satuan Internal AuditInternal Audit Division315Sistem Pengendalian InternalInternal Control System318Audit EksternalExternal Audit321Unit Kerja Manajemen RisikoRisk Management Work Unit336Jumlah Laporan Harta Kekayaan PejabatNegara (LHKPN)Total State Officials Assets Report (LHKPN)339Program Peningkatan Pemahaman Kode Etik,Jenis Sanksi Kode Etik dan Jumlah LaporanPelanggaran Kode EtikCode of Conduct Improvement Program, Typesof Sanctions Code of Ethics and Number ofReports of Code of Ethics Violations346Pelaporan GratifikasiGratification Reporting352Benturan KepentinganConflict of Interest353Laporan dan Pengelolaan WBS Selama Tahun2019WBS Reports and Management During 2019359Program Kepemilikan Saham KaryawanEmployee Share Ownership Program362Perkara PentingLitigation362Sanksi AdministratifAdministration Sanctions363Akses Informasi dan Data PerseroanCorporate Information and Data Access368Penerapan atas Pedoman Tata KelolaPerusahaan TerbukaImplementation of Governance Guideline forPublic CompanyTANGGUNG JAWABSOSIAL PERUSAHAANCorporate Social Responsibility375382Tanggung Jawab Sosial Perusahaan TerkaitCore Subject Operasi yang AdilCorporate Social Responsibilities Related toFair Operations Core Subject384Tanggung Jawab Sosial Terhadap Hak AsasiManusiaCorporate Social Responsibility Related toHuman Rights390Tanggung Jawab Sosial Perusahaan di BidangLingkungan HidupCorporate Social Responsibilities in TheEnvironment424Tanggung Jawab Sosial Perusahaan TerhadapPraktik Ketenagakerjaan Kesehatan danKeselamatan KerjaCorporate Social Responsibility on Healt andSafety Employment Practices456Tanggung Jawab Sosial Perusahaan TerhadapBarang dan/ Atau JasaCorporate Social Responsibility Upon Goodsand/or Services462Tanggung Jawab Sosial Perusahaan TerhadapPengembangan Sosial dan KemasyarakatanCorporate Social Responsibility on Social andCommunity Development473Program Kemitraan & Program Bina LingkunganUnggulan PT Semen Baturaja (Persero) TbkPT Semen Baturaja (Persero) Tbk. FeaturedPartnership Programs & CommunityDevelopment ProgramsReferensi PenyusunanLaporan Tahunan 2019487LAPORAN KEUANGAN AUDIT503Reference of The 2019 Annual ReportAudited Financial Report7
PT Semen Baturaja (Persero) Tbk8201901 Ikhtisar2019 HighlightsManajemen02 LaporanManagement ReportPerusahaan03 ProfilCompany Profile
& Pembahasan Manajemen04 AnalisaManagement Discussion & AnalysisKelola Perusahaan05 TataGood Corporate GovernanceSosial Perusahaan06 TanggungjawabCorporate Social ResponsibilityLAPORAN TAHUNAN 20192019 ANNUAL REPORT01IKHTISARKINERJAPERFORMANCEHIGHLIGHTS9
PT Semen Baturaja (Persero) Tbk201901 Ikhtisar2019 HighlightsManajemen02 LaporanManagement ReportPerusahaan03 ProfilCompany ProfileKINERJA UNGGULAN 20192019 TOP PERFORMANCEPendapatanBersihNet RevenuePenjualanSales1.999,52,1juta/ millionHARGA SAHAMShare Pricejuta ton/ million tonBIAYAPELATIHANTraining Expense4.340380-1.775IDRjuta/ million10
& Pembahasan Manajemen04 AnalisaManagement Discussion & AnalysisKelola Perusahaan05 TataGood Corporate GovernanceSosial Perusahaan06 TanggungjawabCorporate Social ResponsibilityLAPORAN TAHUNAN 20192019 ANNUAL REPORTKEUNGGULAN KAMIOur ExcellencePerseroan memiliki keunggulan strategis berupaletak geografis pabrik yang mendekati wilayahpasar Sumatera bagian Selatan (Sumbagsel) danmerupakan satu-satunya pabrik semen yangterintegrasi di Sumbagsel. PT Semen Baturaja(Persero) Tbk merupakan Pabrik Semen di Indonesiayang didirikan pada tahun 1974 dan diresmikan olehPresiden Republik Indonesia kedua, Soeharto.The Company has strategic advantages such as geographical location of the plants nearby the market in SouthernSumatera area and the only integrated cement plant in Southern Sumatera. PT Semen Baturaja (Persero) Tbk isthe only Cement Plant in Indonesia established in 1974 and inaugurated by Soeharto as the second President ofRepublic Indonesia.Keunggulan LokasiLocation AdvantagePT Semen Baturaja (Persero) Tbk memiliki 3 (tiga) lokasiPabrik, yaitu di Baturaja, Palembang dan Lampung dan2 (dua) Distribution Centre di Jambi dan Lubuk Linggau.Perseroan memiliki keunggulan strategis berupa letakgeografis pabrik yang mendekati wilayah pasar Sumbagseldan merupakan satu-satunya pabrik semen terintegrasi diSumatera Bagian Selatan.PT Semen Baturaja (Persero) Tbk has 3 (three) Plantlocations in Baturaja, Palembang, and Lampung and 2(two) Distribution Centers in Jambi and Lubuk Linggau. TheCompany has strategic advantages such as geographicallocation of the plants nearby the market in SouthernSumatera area and the only integrated cement plant inSouthern Sumatera.Keunggulan KAPASITASCapacity ExcellenceDengan telah beroperasinya Pabrik Baturaja II yangmemiliki kapasitas 1,85 Juta Ton, maka total kapasitasproduksi Semen Baturaja saat ini mencapai 3,85 Juta Ton.Within the operation of Baturaja Plant II with capacityof 1.85 million Tons, total capacity of Semen Baturaja iscurrently achieving 3.85 million Tons.RAMAH LINGKUNGANEnvironment FriendlyPT Semen Baturaja (Persero) Tbk berkomitmenmewujudkan industri semen yang berkesinambungandan ramah lingkungan dengan menerapkan rekayasaSilvikultur di Area Pabrik Semen Baturaja yang terletak diBaturaja, Provinsi Sumatera Selatan.PT Semen Baturaja (Persero) Tbk is committed to establisha sustainable and environment-friendly cement industry byimplementing Silviculture engineering in Semen BaturajaPlant Area in Baturaja, South Sumatera.11
PT Semen Baturaja (Persero) Tbk201901 Ikhtisar2019 HighlightsManajemen02 LaporanManagement ReportPerusahaan03 ProfilCompany ProfileKeunggulan AKREDITAS SEMENBenefits of Cement AccreditationSMBR memiliki 3 Laboratorium Pengujian yang berlokasidi Plant Baturaja, Plant Palembang dan Plant Panjang.Masing-masing laboratorium
Laporan Tahunan menggunakan kriteria yang tercantum dalam Peraturan Otoritas Jasa Keuangan No. 29 /POJK.04/2016 tentang Laporan Tahunan Emiten atau Perusahaan Publik dan Surat Edaran Otoritas Jasa Keuangan No.30/SEOJK.04/2016 tentang Bentuk dan Isi Laporan Tahunan Emiten atau Perusahaan Publik, serta kriteria
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