Pelabuhan Indonesia II (SOE)

Business Summary

The history of Pelindo II dates back to 1960 when the Indonesian government established eight state-owned enterprises called Perusahaan Negara Pelabuhan (I to VIII) that were tasked with port operation management across the country. Between 1964 and 1992 several important changes with regard to the structure and tasks of these companies were made; its tasks were confined to the management of commercialized ports only and its legal structure was transformed from being multiple individual companies into entities of a single public corporation called Perusahaan Umum (Perum).

In 1983 the government divided Perum into four operational areas. These four resulting Perum Pelabuhan entities were placed under the supervision of the government's Transportation Ministry. In 1992 the public corporation was changed into a Limited Liability Company and the names of its entities were changed into Indonesia Port Corporation I to IV (Pelindo I to IV). 

A presidential degree in April 2012 assigned Pelindo II to develop and operate the New Priok Port (also known as the Kalibaru Port) in North Jakarta. This is the largest port construction in the history of Indonesia and will strengthen the national logistics chain as well as function as an international hub for seaborne trade. The port is scheduled to be fully operational by 2023.

Financial Highlights Pelabuhan Indonesia II:

	2013	2014	2015	2016	2017	2018
Revenues	6.08	7.01	7.70	8.93
Operating Profit	1.61	1.71	2.05	2.72
Net Profit	1.80	1.55	1.33	1.51
Total Assets	15.0	22.0	42.6	43.5
Total Liabilities	5.8	12.1	31.6	31.6

 

	2007	2008	2009	2010	2011	2012
Revenues	2.09	2.50	2.51	3.02	4.02	5.42
Operating Profit	0.61	0.60	0.82	1.02	1.42	1.85
Net Profit	0.85	1.05	0.94	1.26	1.49	1.87
Total Assets	5.44	6.41	7.04	7.78	9.15	11.9
Total Liabilities	1.19	1.49	1.71	1.96	2.20	4.2

^{in trillion IDR rupiah
Source: IPC, Annual Report 2016}

Pelindo II operates twelve commercialized ports, located in ten Indonesian provinces:

1. Teluk Bayur (West Sumatra)	7. Balam (Bangka Belitung)
2. Jambi (Jambi)	8. Banten (Banten)
3. Boom Baru (South Sumatra)	9. Tanjung Priok (Jakarta)
4. Bengkulu (Bengkulu)	10. Sunda Kelapa (Jakarta)
5. Panjang (Lampung)	11. Cirebon (West Java)
6. Tanjung Pandan (Bangka Belitung)	12. Pontianak (West Kalimantan)

Pelindo II also engages in cooperation with private companies, for example cooperation in terminal operation.

Pelindo II issued two series of global bonds on the Singapore Stock Exchange in 2015 with a total combined amount of USD $1.6 billion. The first series, worth USD $1.1 billion, matures within ten years (interest rate of 4.25 percent and yield at 4.375 percent). The second series, worth USD $500 million, matures within 30 years (interest rate of 5.375 percent and yield at 5.5 percent).

New Priok Port Development

The New Priok Port Development Masterplan (also known as the Kalibaru Port) is a planned extension of the Tanjung Priok port in North Jakarta. It is envisaged to become a world-class port that will more than triple the port's annual capacity when fully operational in 2023. For a more detailed account of this project, please visit the New Priok Port Development Project in our Public Projects section.