Post-merger revenue of 4 SOEs: Pelindo confident about earning Rp31 trillion
This article has been translated by PwC Indonesia as part of our Indonesia Infrastructure News Service. PwC Indonesia has not checked the accuracy of, and accepts no responsibility for the content.
Bisnis Indonesia - Pendapatan pascamerger 4 BUMN: Pelindo yakin raih Rp31 triliun
11 September 2023
By: Hendra Wibawa
Jakarta - PT Pelabuhan Indonesia (Persero) is optimistic about obtaining a revenue of Rp31 trillion this year, sustained by the post-merger port standardisation progress that has commenced on 1 October 2021.
Pelindo Managing Director Putut Sri Muljanto said that the management was also confident about earning a profit of Rp3.8 trillion in accordance with the set target in the 2023 Work, Programme, and Budget (RKAP).
“The revenue target this year is more or less Rp30 trillion – Rp31 trillion. Meanwhile, the net profit [target] is Rp3.8 trillion,” he said after the opening of Pelindo Run and Ride 2023 at Gelora Bung Karno in Jakarta on Saturday (9/9).
Until now, he is still reluctant about revealing the realisation of revenue and profit in the first half of 2023. However, Putut explained that Pelindo’s step to standardise their ports after the merger was accelerated to boost the company’s revenue target realisation.
In the 2023 RKAP, Pelindo set to obtain a profit and a net profit of Rp6.38 trillion and Rp3.81 trillion respectively.
Besides that, Pelindo has set to achieve an EBITDA of Rp10.29 trillion, total assets of Rp112.07 trillion, and equities of Rp47.29 trillion. This year, Pelindo’s shareholders have approved a capital expenditure (capex) of Rp10.69 trillion.
To achieve the target, Pelindo’s management has set cruise ship visits to reach 48 units, which will consist of 2 units of 300 m – 350 m cruise ships, 12 units of 250 m – 300 m cruise ships, 13 units of 200 m – 250 m cruise ships, and 21 units of cruise ships that are under 200 m.
Putut revealed that port standardisation in Pelindo included its system, facilities, equipment, and human resources.
In the early stage, he affirmed that the port standardisation programme has been ongoing for 5 years. It targets to make a single standard for services in eastern and western Indonesia. “So, the customer experience will be the same. It means the standards are fulfilled,” Putut said.
He affirmed that the standardisation of all Pelindo services could bring the company closer to customers.
According to him, the Pelindo Run and Ride 2023 competition that was held online was one of the efforts to introduce Pelindo to more people.
Putut logged that there were 26,721 people who registered to participate in Pelindo Run and Ride 2023, which increased by 28.5% from last year.
When he opened Pelindo Run and Ride 2023, Pelindo President Director Arif Suhartono appreciated the enthusiasm of the people to participate in the flag off ceremony that was held on the 40th National Sports Day commemoration.
He stated that the flag off ceremony of Pelindo Run and Ride 2023 was held simultaneously in four major cities in Indonesia, namely Jakarta, Surabaya, Medan and Makassar.
“We are inviting all participants to be sportive, maintain their competitive spirit, and be determined to achieve victory,” he stated.
At the event, Arif affirmed Pelindo’s commitment to improving connectivity and standardising port services to reduce logistics costs. The step is also meant to improve integrated logistics services that can increase sectoral contribution to Indonesia’s economy.
“We hope that Pelindo will not only benefit the maritime and the logistics sectors, but also the people of Indonesia,” Arif said.
Logistics costs
In his scientific oration at Universitas Brawijaya, State-owned Enterprises (SOE) Minister Erick Thohir reckoned that Pelindo’s merger was meant to lower logistics costs.
The result of the transformation could be seen after 1 year as performance and productivity increased at several ports.
The increase in stevedoring productivity is measured using the box per ship per hour parameter and the port stay reduction is measured in the number of days.
“Merging ports can suppress the logistics costs of maritime transportation. Continuously integrating Pelindo’s ports with the industrial estates behind them,” Erick stated.
Regarding the matter, he added that Pelindo was sustainably developing their port facilities and infrastructure to support logistics integration.
One of them is the development of Kijing Terminal in Mempawah Regency in West Kalimantan that will be fitted with supporting facilities to sustain industrial and logistics activities.
He hopes that Kijing Terminal can be an integrated logistics area to improve the efficiency of the supply chain in West Kalimantan, which includes CPO and bauxite.
Besides that, Pelindo is also constructing Cibitung Cilincing Toll Road (JTCC) that is planned to operate in April 2023. The construction of JTCC is also a part of the effort to strengthen the connectivity with hinterlands, which will also accelerate logistics mobility from industrial estates in eastern Jakarta to Tanjung Priok and vice versa.
Erick added that the SOE transformation strategy must be able to make global business players out of SOEs.
“The holding that I am establishing is integrating the value chain and the supply chain of SOEs, so they will create a strong ecosystem that is ready to compete globally,” Erick said.
To support the idea, Pelindo has prepared its 2021-2025 roadmap. Meanwhile, the period from 2023 to 2024 will be the business expansion and partnerships phase.
During the phase, there will be several business expansion programmes, such as strategic partnerships and collaborations with domestic and global shipping companies to improve maritime connectivity.
