REVENUE GROWTH & COST REDUCTION INITIATIVES 2014

Presentasi berjudul: "REVENUE GROWTH & COST REDUCTION INITIATIVES 2014"— Transcript presentasi:

1 REVENUE GROWTH & COST REDUCTION INITIATIVES 2014

2 Kebijakan Protokol Managemen Kemampuan Bertahan dan Bersaing
Background Kebijakan Protokol Managemen Kemampuan Bertahan dan Bersaing Coal Price Global Economy Sustainability Improve synergy Improve dept. Cooperation Cash Flow Management KYC Capex review System Management Cost cutting program Hold Recruitment OPEX tightening Consultant fee hold Renegotiate to vendor Socilization

3 Timeline 1 2 3 Gather Initiatives Mapping Action Plan DONE DONE
Management Acknowledgement & Discussion Execution & Monitoring DONE DONE 17 April 28 April May 2014 1 2 3 Submit report progress on monthly meeting Action Plan will be divided into Short Term and Long Term. Short Term will give impact directly in 2014 and Long Term will give impact for going concern or sustainability. Managers to decide what action plans to support the program they are having Management to decide which programs is to be executed and to approve the target

4 Mapping RWA TIA Brainstorm Proposed Approved 20 Short Term Initiatives
9 Short Term Initiatives ? Short Term Initiatives RWA 7 Long Term Initiatives None Long Term Initiatives ? Long Term Initiatives 13 Short Term Initiatives ? Short Term Initiatives ? Short Term Initiatives TIA 9 Long Term Initiatives None Long Term Initiatives ? Long Term Initiatives

5 Mainly immidiate cost cutting program are OPEX saving
Summary Current 2014 2015 On-going savings Immidiate savings Longer savings initiatives savings Demmurage US$1.4 Mn Feeder Breaker US$1.2 Mn Road Maintanance US$1.0 Mn initiatives savings TIA CSR forum US$ 0.07Mn External cost US$ 0.5 Mn Centralization US$ XX Mn Review depreciation US$ XX Mn Policy review US$ XX Mn Current Saving US$ 4Mn initiatives savings Car Rental Rp 25 Mn Internet Rp 25 Mn Low cost Carrier Rp.90 Mn Intenal Training Rp.30 Mn Share IP Phone (RWA only) Rp 30 Mn Share inbox (group) Rp 32 Mn Secure Printing Rp.100 Mn Overtime Rp 40 Mn Future Saving > US$ 1Mn Immidiate Saving Rp 372 Mn Mainly immidiate cost cutting program are OPEX saving Blue : Reswara initiatives Green : TIA initiatives All savings calculated for until year end 2014

6 RWA Group Initiatives

7 Operation TIA Initiatives
1 2 3 4 5 6 Usage of cheaper crusher usage Feeder Breaker Better Shipment scheduling Demmurage Self equipment rent Road Maintanance Sharing cost CSR forum Managing cost to village External cost Charging rental for hauling 3rd party Road Rental US$. 1,250,000 / annualy US$. 1,400,000 / annualy US$ / annually US$ / annual US$. 500,000 / annual US$. 2,200,000 / annualy Total Saving 2014 US$ 5,500,000 Total Additional Income 2014 US$ 2,200,000

8 Total Saving 2014 if applied today
GA RWA HO Initiatives 1 2 3 4 Downgrade car facility (RWA only) Car rental To immidiately stop internet facility (RWA only) Flash Internet Change the policy for only flying with Garuda if plan 10 days before (RWA only) Low cost carrier Changing the working time will allow less overtime charge (RWA only) Work hours 7am – 4pm Rp. 3,000,000 /month Rp. 3,000,000 /month Rp ,000 /month Rp ,000 /month Total Saving monthly Rp Total Saving 2014 if applied today Rp or US$18500

9 IT RWA Group Initiatives
1 2 3 4 To phone share between cubicles (RWA only) Shared IP Phone line Centralized Printer usage in SBU Secure Printer To share inbox between users (for operation personel) Sharing Inbox Cost of facilities for 2 location only Centralized sites at MDB Rp. 4,000,000 /month Rp.16,000,000/month Rp. 4,000,000 /month Rp. 30,000,000 /month Total Saving monthly Rp Total Saving 2014 if applied today Rp or US$39.000

10 Internalization Training
HR Initiatives 1 Trainingto be done internally Internalization Training Rp. X,000,000 /month Total Saving monthly Rp. XX Total Saving 2014 if applied today Rp. XX or US$70,000

11 RESWARA

12 Expected Outcome/ Impact
Reswara Initiatives No Initiative Action Plan DEPT OWNER PIC Target Date Expected Outcome/ Impact Resources required 1 Penerbangan dengan kelas ekonomi untuk eksekutif kecuali penerbangan diatas 3 (tiga) jam MEMO Internal GA RW 19 May 2014 All Eksekutif 2 Penerbangan untuk konsultan atau yang bersifat entertain diberikan dengan kelas ekonomi kecuali untuk pejabat pemerintah 3 Tiket Garuda dapat diberikan apabila pemesanan perjalanan dinas dilakukan minimal 10 hari kerja. Tiket akan bersifat Non-Refundable 20-30% tiket expense 4 Biaya yang terjadi karena perubahan jadwal tiket akan menjadi beban personel yang bersangkutan. IDR /Month 5 Hotel bintang 5 tidak berlaku untuk pihak ketiga atau konsultan kecuali pejabat pemerintah 6 Mengoptimalkan penggunaan ruang kosong lantai 9 gedung TMT 1 sbb : MDB pindah ke gedung TMT 1 lt. 9 Tobe reviewed detail 7 Penggantian kendaraan fasilitas jabatan dengan menurunkan tipe kendaraan satu tingkat IDR 8 Penarikan tunjangan internet mobile/Flash modem 9 Melakukan Efektifitas jam kerja dan minimalisasi overtime, perubahan jam kerja – Pemberlakuan overtime max hanya sampai dengan pukul 19.00 IDR

13 Expected Outcome/ Impact
Reswara Initiatives No Initiative Action Plan DEPT OWNER PIC Target Date Expected Outcome/ Impact Resources required 10 Shared IP Phone line  1. Cek history pemakaian IP Phone semua karyawan 2. Design distribusi IP Phone 3. Menarik IP Phone yang tidak terpakai ICT  AT 1 July 2014  11 Secure Printer TBA  12 Cost of facilities for 2 location only  TBA 13 Reduce Cost of Money 1. Tetapkan saldo minimal 2. Kelebihan dana, lakukan penempatan deposito 3. Kelebihan dana, lakukan pengembalian sebagian pinjaman kepada pemegang saham 4. Lakukan Collection secepat mungkin (kurang dari 30 hari) - Kebijakan AR 5. Lakukan pembayaran kepada Supplier selambat mungkin (45-60 hari) - Kebijakan AP FA

14 Expected Outcome/ Impact
Reswara Initiatives No Initiative Action Plan DEPT OWNER PIC Target Date Expected Outcome/ Impact Resources required 14 Reduce building overtime & electricity 1. H+1 data entry (cash, AR, AP) 2. Perhitungan Bunga, Amortisasi, Depresiasi, Accrual, lakukan di akhir minggu 3 setiap bulan 15 Reduce Tax Penalty 1. Hindari menunda pembayaran dan pelaporan kewajiban perpajakan. Lakukan 1 minggu sebelum jatuh tempo FA 16 Review Depreciation Schedule of FA 1. Tunda waktu serah terima proyek - MIFA

15 Expected Outcome/ Impact
Reswara Initiatives No Initiative Action Plan DEPT OWNER PIC Target Date Expected Outcome/ Impact Resources required 17 Reduce training cost FInalise Competency Assessment (in-house) and develop or co-join with in-house training class for major competency gap. HR Anggia/Maria Q2 2013 Cost sharing with HR SBU & Holding. Estimated saving IDR 150 mio in budget 2014 Coordination with HR SBU and communication with HR TMT Group. Cooperate with HR-SBU dan HR within ABM Group & MDU Group for the same competency gap development need. Donny 2014 Develop mentoring and coaching program to foster soft-skill development (cross-functional within RWA, ABM and TMT Group) Selective public training approval for specific need (approval from BOD required) Donny/ Erry Approved public training will be focused on training in Jkt area (reduce transport and accommodation cost) Potential saving of IDR 50 mio in budget 2014

16 Expected Outcome/ Impact
Reswara Initiatives No Initiative Action Plan DEPT OWNER PIC Target Date Expected Outcome/ Impact Resources required 18 Organization review Review current org chart and work assignment & manpower need within Dept. HR Donny Q2 2014 Efficient and slim manpower Centralization policy and philosophy (time-sharing approach) for non-operational work to assist SBU(Fin & Act, CSS, Legal, IA) 19 Manpower review Review replacement hiring (combine some duties), postponed vacant position hiring and instill multi-tasking work. 2014 Slim organization (qualitative). BoD communication to all Dept Head. Selective hiring for new additional manpower request. Support from all Dept Head in review the manpower need Restricted Overtime for OB and driver. May-14 Potential saving IDR 4.8rere mio/month Driver executive OT – group policy enforcement.

17 Expected Outcome/ Impact
Reswara Initiatives No Initiative Action Plan DEPT OWNER PIC Target Date Expected Outcome/ Impact Resources required 20 Reduce 3rd party car rental (policy & OPEX saving) Review current contract price with vendor.(re-negotiate current contract). HR RIza May-14 TBA Coordination with Procurement RWA. Manager car entitlement policy review. Riza & Donny Q2 2014 Potential saving IDR 3 mio/month Coordination with ABM. Car fuel reimbursement policy review. Donny Potential saving IDR 2 mio/month Manager awareness and enforcement from BoD. 21 Portable Booth Design Build up portable booth that allow to use for five time events CC Jun-14 IDR 60 Mio/Month 22 In House Annual Report Annual report created by Internal Team IDR 80 Mio/Year

18 Immediately Execution (May 2014)
Membuat Internal Memo (berlaku di Reswara Group) dengan isi: Penerbangan dengan kelas ekonomi untuk eksekutif kecuali penerbangan diatas 3 (tiga) jam Penerbangan untuk konsultan internal diberikan dengan kelas ekonomi kecuali untuk keperluan entertain atau pendampingan pejabat pemerintah Tiket Garuda dapat diberikan apabila pemesanan perjalanan dinas dilakukan minimal 10 hari kerja sebelum keberangkatan. Tiket akan bersifat refundable, oleh karena itu biaya yang timbul karena perubahan jadwal tiket akan menjadi beban personel yang bersangkutan. Hotel bintang 5 tidak berlaku untuk pihak ketiga atau konsultan kecuali pejabat pemerintah Penggantian kendaraan fasilitas jabatan dengan menurunkan tipe kendaraan untuk level tertentu Penarikan tunjangan internet mobile/Flash modem Melakukan Efektifitas jam kerja dan minimalisasi overtime, perubahan jam kerja – 16.00 Pemberlakuan overtime max hanya sampai dengan pukul 18.00 Shared IP Phone line Cash management dikelola dengan lebih ketat dan dengan akurasi yang tinggi serta idle cash harus dimanfaatkan seoptimal mungkin. Data entry (Cash, AR, dan AP) harus dilakukan maksimal 1 hari setelah adanya transaksi (H+1) Perhitungan Bunga, Amortisasi, Depresiasi, Accrual, harus dilakukan di akhir minggu ke-3 setiap bulan Pembayaran dan pelaporan kewaajiban perpajakan harus dilakukan maksimal 1 minggu sebelum jatuh tempo Training harus dengan approval BOD Training sebisa mungkin dilaksanakan inHouse, dan kalau diluar diutamakan semaksimal mungkin yang penyelenggaraannya di Jakarta Selective hiring for new additional manpower request, harus dengan approval BOD Review replacement hiring (combine some duties), postponed vacant position hiring and instill multi-tasking work. Sebisa mungkin menunda replacement posisi yang kosong dan menanamkan multi-tasking work Penggunaan Portable booth untuk pameran yang diikuti

19 Medium Term Execution (S2 2014)
Memindahkan Kantor MDB di Elnusa ke TMT 1 Lantai 9 setelah Project Infrastructure selesai Minimalisir jumlah office di site Install secure printer Organization and Manpower review