Board of Commissioners Report

Dear Shareholders and Stakeholders,

To begin this report, let us deliver our praise and gratitude to God Almighty for all His blessings given up to this day. We, the Board of Commissioners, are proud to be part of WIKA BETON’s performance achievement in realizing its role and strategic position in the precast concrete industry. It cannot be denied that 2020 was a very challenging year, both for the global and national economic conditions, due to the outbreak of Coronavirus Disease 2019 (COVID-19). Nonetheless, WIKA BETON continues to steadfastly uphold the business foundations that have been built and to retrace the business growth corridor with the capabilities and strategic steps that have been prepared, enabling the Company to properly maintain the business continuity by the end of 2020 fiscal year.

"In terms of operational performance, the Company managed to record the production capacity of precast concrete reaching 4,422,500 tons in 2020, an increase of 9.17% compared to the production capacity in 2019. The production capacity of Quarry products also grew by 30.34% to 1,254,429 m³, followed by the growth of average capacity of service products with the number of piling and installation projects reaching 17 projects and 268 projects, respectively, each recorded an increase of 240% and 3.88%."

Our strategic role is always focused on the supervision and provision of recommendations that are consistently set upon the principles of accountability, professionalism, and compliance with the prevailing laws and regulations. Through the publication of Annual Report of 2020 Fiscal Year, we seek to meet our roles and responsibilities in reporting and presenting our assessment on Board of Directors’ performance and our reviews on target achievement, implementation of the Company’s strategy, future business prospects, implementation of governance, and implementation of corporate social responsibility throughout 2020.

In early 2020, the world faced the outbreak of Coronavirus Disease 2019 (COVID-19) which was firstly identified in Wuhan City, China. The rapid increase in the number of cases to various countries in a relatively short time, including Indonesia, caused the government to decide on emergency response measures and limit social and economic activities in order to break the chain of virus spread. As of the end of 2020, the number of patients suffering from COVID-19 worldwide has reached 83,943,230 cases and 218 countries have felt the impact of the health crisis and a significant decrease in economic activity based on data collected by Worldometer per December 31, 2020.

The negative sentiment resulting from the pandemic caused the projected global economic growth in 2020 to contract by -4.4%, based on the World Economic Outlook: A Long and Difficult Ascent report released by the IMF. The developed countries group experienced the hardest economic blow with growth contraction reaching -5.8%, a significant decrease from the 1.7% growth recorded in 2019. Meanwhile, the developing countries group recorded a moderate growth contraction of 3.3% in 2020, a decrease compared to the 3.7% growth recorded in 2019.

Limitation and reduction in economic activities resulted in the -9.6% growth rate contraction of global trade volume. Global oil price also recorded a relatively deep decline of -32.7% in 2020.

These global macroeconomic conditions certainly had an impact on national economic growth, which, based on data from the Statistics Indonesia (BPS), contracted by -2.07% compared to 2019 based on the calculation of Gross Domestic Product (GDP) and GDP per capita. This was the first contraction in economic growth experienced since 2014.

In terms of GDP growth by business field in 2020, the construction industry experienced a contraction of -3.26%, the sixth industry that experienced the largest contraction. Therefore, the acceleration of recovery of infrastructure development is one of the priorities set in the government’s National Economic Recovery (PEN) program in order to accelerate the recovery of conditions due to the pandemic. The government has implemented various efforts to provide quality infrastructure facilities and services through rehabilitation and capacity building of damaged infrastructure facilities and new construction.

Throughout 2020, 11 National Strategic Projects (PSN) have been successfully completed. Although the Covid-19 pandemic undeniably has an impact on the slowdown of infrastructure projects, the production capacity of precast concrete in 2020 with existing conditions reached 44,813,642 tons, based on data from Asosiasi Perusahaan Pracetak dan Prategang Indonesia (AP3I). This growth trend has been running since 2014 in line with the increase in the budget limit for national infrastructure development.

Assessment on Board of Directors’ Performance and Basis of Assessment

Throughout 2020, the Board of Commissioners continued to proactively carry out the strategic role in monitoring and providing advice and recommendations on the Company’s management to the Board of Directors. Despite the unfavorable business climate and external conditions, WIKA BETON managed to record a positive performance and we assessed that the Board of Directors had made the best efforts and strategies to maintain the Company’s stability and sustainability. Through a synergistic coordination between the Board of Commissioners and Board of Directors, as well as the commitment of all Company’s personnel and strong corporate pillars and foundation, we hope that WIKA BETON can continue to achieve performance growth in the future.

The achievement of WIKA Beton’s performance during 2020 is reflected in the operational and financial performance indicators. In terms of operational performance, the Company managed to record the production capacity of precast concrete reaching 4,422,500 tons in 2020, an increase of 9.17% compared to the production capacity in 2019. The production capacity of Quarry products also grew by 30.34% to 1,254,429 m³, followed by the growth of average capacity of service products with the number of piling and installation projects reaching 17 projects and 268 projects, respectively, each recorded an increase of 240% and 3.88%.

Performance from the operational aspect can also be seen from the Company’s achievement of the 2020 RKAP. We assessed that the Board of Directors was able to record positive results in terms of operational and production performance as reflected in the achievement of a turnover of new contracts per December 2020 amounting to Rp4.27 trillion, reaching 81.31% of the target set out in the 2020 RKAP at Rp5.26 trillion.

On the other hand, the financial performance as presented in the Consolidated Financial Statements for the year ended on December 31, 2020, was reflected in the performance of Revenues which decreased by 32.19%, from Rp7.08 trillion recorded in 2019 to Rp4.80 trillion in 2020. The decrease in Revenues caused a similar decline in the post of Profit for the Year of 75.89%, from Rp510.71 billion recorded in 2019 to Rp123.15 billion in 2020. Amid the downward trend in business, the management has made and prepared their best efforts and strategies, especially in addressing the current pandemic situation, namely by emphasizing efficiency and cost reduction in all areas, accelerating the disbursement of accounts receivable, and accelerating production of the Carry Over faced so that the Company was able to maintain business continuity and reduce the impact due to macroeconomic conditions.

In terms of balance sheet, total assets of the Company in 2020 were recorded at Rp8.51 trillion, a decrease of 17.69% from Rp10.34 trillion recorded in the previous year. This decrease in Assets was mainly due to a decrease in Current Assets of 26.79%, from Rp7.17 trillion recorded in 2019 to Rp5.25 trillion in 2020. Despite the decline, the Company continuously strived to maintain a healthy level, as seen from the achievement of its Total Equity in 2020 at Rp3.39 trillion, slightly lower than Rp3.51 trillion recorded in 2019 due to a decrease in Retained Earnings.

The dynamics and challenges during the course of 2020 further increase the VUCAD (Volatility, Uncertainty, Complexity, Ambiguity, and Disruption) aspects that the Company may face. In this regard, the Board of Commissioners encourages the Board of Directors to continuously increase awareness of corporate risks, develop comprehensive risk control frameworks and measures, and implement a risk awareness culture in every business activity and decision-making process. At the same time, the Board of Commissioners also strengthens risk oversight through coordination with the Audit and Business Risk Committee in order to enhance early detection mechanism for potential risks affecting the Company’s performance.

The Board of Commissioners highly appreciates the efforts of Board of Directors and all personnel of WIKA BETON for the positive performance that has been successfully maintained amidst the various challenges. The Company’s efforts throughout 2020 also resulted in appreciation from external parties in the form of awards, such as the Safety Performance Award for PPB Karawang and PPB Bogor, the Second Best Public Listed Company in the categories of Excellent HR Development and Business Innovation, Top Leader on CSR Commitment 2020 and Top CSR Awards 2020, 50 Best of the Best Awards 2020 – Forbes Indonesia, 2nd Best Public Company in the category of Building and Construction – Indonesia Finance Award III 2020, the Best CMO BUMN Global Branding and Marketing Award in the category of Corporate Marketing, the Big 9 IT for Public Company in the category of Building amd Construction, and 4 awards for Transparency in Governance, Social, and Environmental Best Industry Sector Issuers at the 2020 ESG Awards.

In facing 2021, the Board of Commissioners encourages the Board of Directors to be more focused and intense in improving market management control considering the optimism that the future business outlook will be more positive and prospective in line with the business climate improvement towards a more conducive direction. We also ask the Board of Directors to improve the management of Company’s assets and strengthen the efficiency measures that have been taken so that WIKA BETON will be better prepared to reach growth in the coming year.

Supervision on Strategy Implementation

Various operational and financial achievements successfully recorded by the Company are fully supported by the proper implementation of strategic steps and policies. In this regard, we always carry out our supervisory function and provide advice and recommendations on the Company’s management to the Board of Directors so that it is in line with the Company’s 2020 RKAP, vision and mission, as well as the prevailing laws and regulations.

Referring to the targets and strategies that have been prepared in the 2020 Work Plan and Budget (RKAP), a series of comprehensive strategies in various fields have been implemented effectively. In terms of the Company’s health level, the Company’s health level score in 2020 reached 72.00 within the category of “HEALTHY A”, predicate as stipulated by Decree of the Minister of SOE No. KEP-100/MBU/2002 dated June 4, 2002 on Assessment of Soundness of State-Owned Enterprises. This achievement is in accordance with the targets set in the 2020 RKAP.

The Board of Commissioners also supports the strategic steps taken by the Board of Directors to always carry out market synergies with the WIKA Group while concentrating on markets where the Company’s quality and competence are superior, such as standard product markets with high production capacity demands, markets with high quality product demands, and markets with demands for new products or products with high engineering content.

Furthermore, we support the strategic steps carried out by the Board of Directors to open new sales areas by grouping geographic areas so that coordination, recognition, and market penetration can be carried out properly. In regard to this, the Board of Commissioners appreciates the strategic steps taken in developing product capacity through equipment modernization, adding production lines, and operating mobile plants.

Improvement in production and operating performance emphasizes the continuous development of supply chain management (SCM) based on information systems as reengineering tools in the Company’s business processes. The implementation of digitalized SCM is in line with the management’s efforts to support efficiency, particularly in streamlining the required stages, and strengthening control in the business processes carried out. The SCM developed during 2020 is also focused on managing material stock at PPU, testing SCM improvement projects in PPB and Sales Areas, as well as conducting continuous socialization to PPU.

From a financial perspective, the Board of Commissioners assesses that the strategic steps in targeting financial management through a balanced financing approach have been implemented properly. Careful selection of investments that have a direct impact on production capacity by involving the most efficient banking instruments, including cutting business costs, is considered the right effort to support the quality of investment in a sustainable manner. We will continue to encourage the Board of Directors to meet funding needs with the most efficient financing alternative while always maintaining the prudent principle.

Our supervision of the strategy implementation will continuously be strengthened on an ongoing basis by utilizing the role of the committees under the Board of Commissioners, namely the Audit and Business Risk Committee, the Nomination and Remuneration Committee, and the Good Corporate Governance (GCG) Committee. Improvements to strategic issues will be always considered in setting targets and strategies for the following year.

Advisory Frequency and Method

The Board of Commissioners strives to ensure that the adequacy of check-and-balance process between the supervisory function and provision of advice on the Company’s management to the Board of Directors is carried out properly through a number of formal and informal methods, including during joint meetings of Board of Commissioners and Board of Directors. Throughout 2020, we have held 13 joint meetings with the main discussion agenda relating to follow-up on Company’s issues requiring the attention of Board of Commissioners and Board of Directors, review on the performance of the Company and its subsidiaries, investment plans, preparation for GMS convention, progress on the completion of Audit Report, and other exposures.

Apart from the joint meeting mechanism, the our direction and recommendation are also provided in writing to the Board of Directors as a response to the report on the implementation of Board of Directors’ duties, requests for approval, or consultation submitted by the Board of Directors. We also conduct work visits to Concrete Product Plants (PPB) or projects, and submit recommendations and opinions based on the results of the work visit.

Performance Assessment of Committees underthe Board of Commissioner

The Board of Commissioners’ supervisory function on the Company’s management is supported by three committees that answer directly to the Board of Commissioners, namely the Audit and Business Risk Committee, the Nomination and Remuneration Committee, and the Good Corporate Governance (GCG) Committee. The Board of Commissioners periodically assesses the performance of these committees by considering the implementation of their duties and responsibilities according to the charter of each committee, the quality of recommendations and input given, as well as follow-up on issues of Board of Commissioners’ supervision.

During 2020, the Audit and Business Risk Committee has carried out their responsibilities in assisting the Board of Commissioners in evaluating the effectiveness of internal controls carried out by both internal and external auditors. In addition, the Audit and Business Risk Committee has provided recommendations related to the review on financial information, risk management implementation activities, and results of internal and external audit activities by the Internal Audit Unit and the Public Accounting Firm (KAP). Based on the recommendation from the Audit and Business Risk Committee in 2020, the Board of Commissioners appointed KAP Amir Abadi Jusuf, Aryanto, Mawar dan Rekan (RSM Indonesia) to carry out the General Audit activity of the Company’s Financial Statements for the 2020 Fiscal Year, as well as an audit of compliance with the laws and regulations and internal control.

The Nomination and Remuneration Committee has carried out their duties and responsibilities properly as well throughout the year. Regarding the nomination function, the Committee has submitted recommendations on the system and procedure for selecting and replacing the members of Board of Commissioners and Board of Directors to be submitted at the GMS. Meanwhile, regarding the remuneration function, the Committee has evaluated the remuneration policy and provided recommendations to the Board of Commissioners on the amount of tantiem, salary/honorarium, allowances, and facilities for the Board of Commissioners and Board of Directors in 2020.

Meanwhile, throughout 2020, the GCG Committee has conducted supervision, evaluation, and review on the effectiveness of GCG in the Company, as well as developing policy tools in accordance with the Company’s needs and the prevailing laws and regulations.

In 2020, the composition of Company’s Audit Committee and Business Risk underwent a change in which Ms. Asfiah Mahdiani and Mr. Yustinus Prastowo no longer served as the Head and Member of Audit and Business Risk Committee. Thus, their position in the composition of Audit and Business Risk Committee as of December 31, 2020 was replaced by Mr. Priyo Suprobo as the Head and concurrent Member, Ms. Indrieffouny Indra as Member, and Mr. Gunarto as Member, based on the Decree of Board of Commissioners No. SK.07/DK-WB/V/2020 dated May 5, 2020.

View on Good Corporate Governance (GCG) Implementation

The performance achievement and sustainable business growth of WIKA Beton are inseparable from the commitment and consistency of the management and all personnel of the Company in applying the principles and best practices of Good Corporate Governance (GCG). The implementation of GCG within the Company has been supported by adequate structures, organs, and policies, in accordance with the Company’ needs as well as the prevailing laws and regulations. As part of top management, we fulfill our responsibility for monitoring and assessing the effectiveness of GCG implementation with the assistance of the GCG Committee, in the form of recommendations and input on future GCG improvements.

The Board of Commissioners also emphasizes the control and risk management functions through risk management evaluation by taking into account key issues, as well as internal and external assumptions in developing an integrated and adequate risk management framework and practice. With the background of VUCAD factors that can affect the Company’s performance, we are committed to continuously strengthening the Company’s vigilance over potential risks that may arise. As one of the external factors that have an impact on the Company, this pandemic condition encourages us to always strengthen the risk management aspects of the project obtained by carefully reviewing the technical, execution, and financial aspects, as well as customers’ conditions, including the project execution contract as a precaution in the event of a failure in the disbursement of accounts receivable.

In strengthening the GCG culture for all WIKA BETON's employees in all business units, the Company has carried out regular dissemination of GCG policies. In 2020, the Company conducted GCG dissemination activities, among others, to the employees at PPB Boyolali and Sales Area IV, delivered GCG materials through WTON Magz, and socialized GCG materials in an online manner in the WIKA Beton Sales Engineer forum. Thus, GCG principles and best practices can be imprinted and applied by all personnel in all operational areas of WIKA BETON.

Based on assessment result, WIKA BETON has successfully demonstrated good GCG achievements. This can be seen from the achievement of WIKA BETON which is able to maintain the GCG Assessment Score in 2020 which is the same as the GCG assessment result in 2019, namely 89,936 with "Excellent" predicate. Meanwhile, compared to the KPI target, the GCG score exceeded the KPI target set at 88.5.

Nonetheless, we shall continue to encourage efforts to improve GCG implementation on an ongoing basis. One of the targets to be achieved is the improvement of functions of the work unit leader to monitor and ensure that all aspects of compliance with the prevailing laws and regulations have been implemented properly at the head office, regional office, or on projects. At the same time, it is also essential for GCG improvement to enhance the roles and functions of the Legal & GCG work units in monitoring and ensuring the implementation of provisions and policies applicable in the Company, which can also serve as guidelines in carrying out the duties of every WIKA BETON's employee.

Commitmentto Shareholders

The Board of Commissioners is of the opinion that the Company can uphold its commitment to maintain returns and fulfill the rights of the Company’s shareholders through the distribution of cash dividends for the 2019 fiscal year amounting to Rp15.36 per share, with a total value of Rp128.07 billion paid on April 29, 2020. This proves the Company’s consistency in maintaining trust and providing added value for Shareholders as part of its continuous responsibility and commitment.

View on Whistleblowing System (WBS) Implementation

We fully support the implementation of Whistleblowing System (WBS) as an early warning system and a mechanism capable of preventing potential violations and fraud occurring within the Company. The implementation of WBS is a manifestation of the Company’s commitment to upholding the corporate principles that are clean, responsible, and full of integrity, based on compliance with applicable regulations.

In line with our supervisory function, we define the Company’s WBS as a mechanism that supports the supervisory function; hence, it needs to be regularly evaluated. We considered that the WBS implementation had been carried out properly over the course of 2020 in accordance with applicable procedures. We have carried out our role in evaluating reports of violations and determining follow-up actions for each report received. We also provide suggestions to improve the quality of WBS implementation, especially on socialization front in order to increase the awareness of Company’s employees and stakeholders regarding indications of violations and fraud that occur within the WIKA Beton.

View on Business Outlook Prepared by the Board of Directors and Basis of Consideration

Although global and national economic conditions in 2020 were heavily influenced by the Covid-19 pandemic and various other sentiments, the outlook of economic growth is projected to strengthen again with various influencing macroeconomic indicators. The IMF projects that global economic growth in 2021 will strengthen by 5.5%, an increase compared to the 2020 projection of -3.5%. This outlook is based on the increasing economic activity in line with the decline in the Covid-19 case after the severe limitation in the global economy.

In line with these improvements, national economic growth is also predicted to continue to recover in 2021. Based on the 2021 State Budget, Indonesia’s economic growth will still within the target range of 5.0%, although the risk of uncertainty remains looming. This growth target can be achieved through the improved handling of Covid-19 pandemic, support from the fiscal stimulus in the form of the ongoing PEN program, and optimism for improved consumption by the government and the public.

Infrastructure is one of the prioritized sectors in supporting the acceleration of national economic recovery with the 2021 budget limit set by the government at Rp417.4 trillion, with a development direction focused on the infrastructure postCovid-19 pandemic. This positive outlook is supported by the projected growth of the national construction industry which is predicted to grow in the range of 5.2%-6.7% in 2021. These assumptions will provide greater opportunities for the Company to penetrate the market and acquire new projects, in line with the increasing need for precast concrete.

Taking into account market conditions in 2020, the Board of Commissioners has conducted an evaluation on the Company’s business outlook prepared by the Board of Directors in the 2021 RKAP. The determination of targets and plans has carefully measured and considered a number of assumptions on both the external and internal conditions of the Company. The Board of Commissioners assesses that the targets and plans set are relatively realistic and in accordance with the expectations of shareholders. However, we also urge the management to stay optimistic and be cautious with regard to the various dynamic factors and situations, given that macroeconomic conditions are still fraught with uncertainty and may have an impact on the Company’s performance.

We support the steps taken by the Board of Directors to continue the efficiency strategy, accompanied by evaluation and assessment efforts in accordance with the dynamics and needs of the Company. Continuous development of the implementation of Supply Chain Management (SCM) will support cost reduction and streamline the stages in the Company’s supply chain and business processes. We remind the Board of Directors to always improve the implementation of prudent principle in every decisionmaking process and in strengthening control and management of risks that may arise in the future.

We also welcome the decision of Board of Directors to continuously strengthen the synergy with the WIKA Group as part of the strategic policies taken in the coming year in order to maintain excellence and competitiveness, both in strategic projects within Indonesia and abroad. Nonetheless, we advise the Board of Directors to always be selective and evaluate the investments by prioritizing those that can provide direct benefits to the Company’s sales and profits. Thus, the Company’s business continuity can be guaranteed in the long term.

We are optimistic that, with these positive future projections as well as the support of a series of carefully prepared strategies, WIKA Beton can record higher business development and growth in the coming year based on a better foundation and a more optimum approach than the previous year.

Review on Corporate Social Responsibility Implementation

WIKA Beton is highly committed to the fulfillment of Corporate Social Responsibility (CSR) which always relies on the aspects of people, profit, and planet. Through the integration of CSR programs with the Sustainable Development Goals (SDGs), the Company seeks to carry out balanced business activities with its interests so as to be able to support environmental sustainability and social welfare. Hence, the Company ultimately can create a sustainable business and a harmonious relationship with stakeholders.

We are of the opinion that, throughout 2020, the Company has implemented CSR programs and activities properly and in accordance with applicable sustainability principles. CSR implementation has also been based on the primary principles and information that support decision-making process in accordance with ISO 26000, particularly in an effort to target sustainability issues relevant to the Company’s business activities. Under the four pillars of WIKA Beton’s CSR, namely WTON Peduli, WTON Pintar, WTON Sehat, and WTON 3R, the implementation of CSR that is of philanthropic, community involvement & development (CID), and non-community involvement & development (NonCID) natures has been implemented properly.

Changes in the Composition of Board of Commissioner

In 2020, there was a change in the composition of the Board of Commissioners based on the GMS resolution. The change in the composition of Board of Commissioners based on the period and date of the GMS resolution is as follows:

The resolutions of the Annual GMS for 2019 Fiscal Year dated March 26, 2020, approved the respectful dismissal of the following names from their position as the Company’s Board of Commissioners.

Name Position Basis of Dismissal
Bambang Pramujo President Commissioner Deed No. 19 dated April 9, 2020, drawn up before Ir. Nanette Cahyanie Handari Adi Warsito, S.H., Notary in Jakarta
Asfiah Mahdiani Independent Commissioner Deed No. 19 dated April 9, 2020, drawn up before Ir. Nanette Cahyanie Handari Adi Warsito, S.H., Notary in Jakarta
Yustinus Prastowo Independent Commissioner Deed No. 19 dated April 9, 2020, drawn up before Ir. Nanette Cahyanie Handari Adi Warsito, S.H., Notary in Jakarta

Meanwhile, the resolution of 2020 Extraordinary GMS (EGMS) dated August 4, 2020, approved the respectful dismissal of the following names from their position as the Company’s Board of Commissioners:

Name Position Basis of Dismissal
Agung Budi Waskito President Commissioner Deed No. 13 dated August 12, 2020, drawn up before Ir. Nanette Cahyanie Handari Adi Warsito, S.H., Notary in Jakarta
Yohanes Baptista Priyatmo Hadi Independent Commissioner Deed No. 13 dated August 12, 2020, drawn up before Ir. Nanette Cahyanie Handari Adi Warsito, S.H., Notary in Jakarta

Hence, the composition of Company’s Board of Commissioners as of December 31, 2020 is as follows:

Name Position Basis of Dismissal
Ade Wahyu President Commissioner Deed No. 13 dated August 12, 2020, drawn up before Ir. Nanette Cahyanie Handari Adi Warsito, S.H., Notary in Jakarta
Herry Trisaputra Zuna Commissioner Deed No. 24 dated March 20, 2017, drawn up before Ir. Nanette Cahyanie Handari Adi Warsito, S.H., Notary in Jakarta
Heru Wisnu Wibowo Commissioner Deed No. 19 dated April 9, 2020, drawn up before Ir. Nanette Cahyanie Handari Adi Warsito, S.H., Notary in Jakarta
Priyo Suprobo Independent Commissioner Deed No. 21 dated April 9, 2020, drawn up before Ir. Nanette Cahyanie Handari Adi Warsito, S.H., Notary in Jakarta
Indrieffouny Indra Independent Commissioner Deed No. 19 dated April 9, 2020, drawn up before Ir. Nanette Cahyanie Handari Adi Warsito, S.H., Notary in Jakarta
Appreciation and Closing

All achievements and positive performance recorded during 2020 shall not hinder WIKA BETON's steps to continuously enhance its ongoing efforts and commitment to achieving its vision and mission. To realize this goal, the Company undoubtedly needs the contributions and roles of various parties. Hence, we would like to express our gratitude for the trust and loyalty given by all shareholders and stakeholders, which always motivate us to deliver added value for all parties. We also extend our gratitude to all members of Board of Directors and employees of WIKA Beton for their dedication and hard work so that we are able to drive growth together.

Armed with optimism for future growth and continuous innovation, WIKA BETON will face the future with more mature readiness and better achievements to remain a leader in the industry. May God Almighty always provide the strength to achieve these goals.

Jakarta, April 2021

On behalf of the Board of Commissioners of PT Wijaya Karya Beton Tbk,

Ade Wahyu

President Commissioner