Semen Baturaja Holds AGMS, Reorganizes Company Management Composition

JAKARTA – PT Semen Baturaja (Persero) Tbk (SMBR) has just held the 2021 Annual General Meeting of Shareholders (AGMS) at Wisma Antara, Central Jakarta on Friday (25/03) chaired directly by the Company’s President Commissioner, Franky Sibarani.

As one of the state-owned companies in South Sumatra that is engaged in the cement industry, SMBR recorded a positive performance in 2021 by pocketing the Company’s net profit of Rp 51.8 billion. The net profit in 2021 is set as other reserves used for company investment in accordance with the consideration of Indonesia’s economic conditions, the need for funds for development investment and to maintain the Company’s liquidity in good condition.

This time, the AGMS also approved changes to the composition of the company’s management. Changes in the composition of the company’s management are based on the need to face challenges to SOEs in the future. The Company would like to thank and give the highest appreciation for the contribution of the replaced company management in maintaining the financial and operational performance of SMBR.
Changes in the composition of the Company’s Management are as follows:

1. Jobi Triananda Hasjim who previously served as President Director was replaced by Daconi.
2. Daconi who previously served as Director of Production & Development was replaced by Suherman Yahya.
3. M. Jamil who previously served as Director of Finance and Risk Management was replaced by Tubagus Muhammad Dharury.
4. Amrullah, who previously served as General & HR Director, was replaced by Gatot Mardiana.
5. Dismissal of Endang Tirtana as Independent Commissioner.
6. Reappointment of Oke Nurwan as Commissioner
   Then the new composition of the Company’s Management based on the decision of the AGMS for the 2021 Financial Year:
   President Commissioner : Franky Sibarani
   Commissioner : Okay Nurwan
   Independent Commissioner : Darusman Mawardi
   Independent Commissioner : Chowadja Sanova

Managing Director : Daconi
Director of Production & Development : Suherman Yahya
Director of Finance & Risk Management : Tubagus Muhammad Dharury
General Director & HR : Gatot Mardiana
Marketing Director : Mukhamad Saifudin

Shareholders attended the AGMS offline and online in accordance with the applicable health protocols. This time, the shareholders gave approval for 7 (seven) agenda items. The first item on the agenda is the approval of the board of directors’ annual report, the report on the implementation of the supervisory duties of the board of commissioners, and the ratification of the financial statements for the 2021 financial year. At the same time, the Board of Directors and the Board of Commissioners have fully discharged and discharged their responsibilities for the performance that has been carried out during the 2021 financial year.

In a report submitted by the Director of Finance & Risk Management M. Jamil, it was reported that if the company succeeded in going through a difficult situation during the Covid-19 Pandemic by recording a sales volume of 1.9 million tons, an increase of 1% from 2020. The company was also able to maintain its share market in the Southern Sumatra (Sumbagsel) region, which is 31%. In addition, an increase in market share occurred in the Lampung region which reached 29% or increased by 1% (yoy).
In terms of financial performance, the Company was able to maximize sales with the achievement of 1.8 trillion or an increase of 2% from the realization in 2020. So that the Company’s net profit performance grew 372% to Rp 51.8 billion in 2021.

“Although the cement industry is still experiencing oversupply conditions, the Company’s positive performance does not escape the strategic initiatives that we implement in the company to continue to make efficiency through the SMBRGO45 program and increase productivity through SMBRGO3T.” added Jamil.

SMBRGO45 is a strategic initiative of the company through the implementation of production cost efficiency programs, including increasing the use of coal from the most economical sources, maintaining smooth operations with Predictive Maintenance and Preventive Maintenance programs, optimizing cement production, optimizing the use of B3 waste as raw material and energy, and optimizing blasting methods. compared to surface mining methods.

In increasing employee productivity, the Company implements the SMBRGO3T strategy through an organizational restructuring program. With organizational changes will optimize employee performance in accordance with their fields.

The AGMS agenda went smoothly, while other agenda items approved at the AGMS included: Financial Statements for the 2021 Micro Small Business Funding Program, as well as the provision of settlement and release of responsibilities (volledig acquit et de charge) to the Board of Directors and the Board of Commissioners of the Company for the management and supervision that has been carried out during the 2021 Fiscal Year;

Determination of the use of the Company’s Net Profit which is set for the company’s investment reserves, followed by the agenda for determining the bonus for the company’s directors and commissioners for the 2021 financial year and the income of the directors and commissioners for the 2022 financial year;
Appointment of a public accounting firm for auditing it Financial Statements of the Company and Financial Statements of the Partnership and Community Development Program for the Financial Year of 2022 and finally the Ratification of the Regulation of the Minister of State-Owned Enterprises of the Republic of Indonesia. {}