Semen Baturaja Holds AGMS, Reorganizes Company Management Composition

Photo: Doc. Baturaja Cement

JAKARTA - PT Semen Baturaja (Persero) Tbk (SMBR) has just held the Annual General Meeting of Shareholders (AGMS) for the 2021 Fiscal Year in Jakarta, Friday, March 25. The AGMS of Semen Baturaja was 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 IDR 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 BUMN 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. The 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 SibaraniCommissioner: Oke NurwanIndependent Commissioner: Darusman MawardiIndependent Commissioner: Chowadja Sanova President Director: DaconiDirector of Production & Development: Suherman Yahya Director of Finance: Tubagus Muhammad Dharury Director General & HR: Gatot Mardiana Marketing Director: Mukhamad Saifudin

Shareholders attended the AGMS offline and online in accordance with the applicable health protocols. This time, shareholders gave approval for seven agenda items. The first agenda item concerns 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 are fully responsible for the discharge and release of responsibility 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 the company succeeded in going through difficult situations during the COVID-19 pandemic by recording a sales volume of 1.9 million tons, an increase of 1 percent from 2020.

The company was also able to maintain its market share in the Southern Sumatra (Sumbagsel) region of 31 percent. In addition, an increase in market share occurred in the Lampung area which reached 29 percent or increased by 1 percent (yoy).

In terms of financial performance, the Company was able to maximize sales with the achievement of Rp1.8 trillion, an increase of 2 percent from the realization in 2020. So that the Company's net profit performance grew 372 percent to Rp51.8 billion in 2021.

"Although the cement industry is still experiencing over-supply conditions, the Company's positive performance is inseparable from 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 methods. blasting versus 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.