Press Release

PT Indonesia Kendaraan Terminal Tbk

President Jokowi Celebrated the Launch 1.4 Million CBU Toyota Export Vehicle Units at PT Indonesia Kendaraan Terminal Tbk


JAKARTA, 5th September 2018 - PT. Indonesia Kendaraan Terminal, Tbk or IPCC (Stock Code: IPCC.JK), which is the only dedicated car terminal operator in Indonesia, is proud to be part of Indonesia`s economic development through the Company`s core business of being the provider of vehicle terminal services.

Taking place on Wednesday 5th September 2018, Indonesia`s largest automotive producer, PT. Toyota Motor Manufacturing Indonesia ("TMMIN") celebrated its achievement of its export target of 1.4 million CBU vehicle units, which has started in 1987 to date. The celebration was attended by His Excellency President Joko Widodo whom was accompanied by Minister of Industry Mr. Erlangga Hartarto, Coordinating Minister of Economy Mr. Darmin Nasution, Minister of Transport Mr. Budi Karya Sumadi and Cabinet Secretary Mr. Pramono Anung. In his press statement, President Jokowi said there are 2 (two) most important aspects that must be considered in the development of Indonesia`s economic foundation and future development, namely Investment and Exports, and PT TMMIN has realized this by professional handling support for its exports provided by PT Indonesia Kendaraan Terminal Tbk. In terms of investment, in the last 2 years TMMIN has invested Rp. 22 trillion to increase its production capacity, which in terms of exports per year has exceeded 200 thousand.

For IPCC, TMMIN`s achievement shows a very good progress especially when it comes to measuring the development and improvement in competitiveness of Indonesia`s automotive industry as one of the pioneer industries being noted in Making Indonesia 4.0 Roadmap.

IPCC realizes that vehicle terminals as one of the main pillars of export competitiveness of the automotive industry which must continue to grow, not only in terms of quality of operations, but also in terms of terminal capacity. For this reason, IPCC`s target to become the world`s top 5 vehicle terminal is very consistent and realistic with its existing potential. The needs of automotive industry for a dedicated vehicle terminal or special terminal for vehicles when it comes to handling services, complete facilities for Vehicle Processing Centre (VPC), Equipment Processing Centre (EPC), PortStock including road access quality have made IPCC a choice for car manufacturer to increase its export market.

"We would like to congratulate TMMIN and at the same time are proud of the trust which has been given to Indonesia Kendaraan Terminal, we will remain focused on our customer needs", said IPCC President Director Mr. Chiefy Adi Kusmargono.

The Association of Indonesia Automotive Industries or more commonly known as Gaikindo, recorded that Indonesia`s whole car exports in 2017 grew by 18.9% or it became 231.169 units. This year itself, TMMIN targets vehicle export growth of 24-25% for Toyota and Daihatsu brands. In addition to TMMIN, other APM (Brand Holder Agents) such as Suzuki, in the first half of 2018 have booked a 13.8% increase in vehicle exports to 14.479 units, while PT Mitsubishi Motor Krama Yudha Indonesia will commence its Mitsubishi Xpander`s initial export this year reaching 45.000 units. Increased vehicle exports in 2017 and also this year cannot be separated from the optimism of ATPM towards the government`s efforts to increase automotive exports through tax incentive plans to the automotive industry which includes tax holidays, tax allowances and super deductions, as well as improvement of supporting facilities such as port vehicle terminals.

The growth in automotive exports will have an impact on IPCC`s performance. As reflected in the IPCC financial report in the first half of 2018, IPCC`s net income and net profit grew by 28% and 58% to Rp. 250 billion and Rp. 94.9 billion respectively. Operationally in the first half of 2018, vehicle throughput rose 10.3% to 186,928 units, for heavy equipment, up 81% to 20,099-units and spare parts increased 44.9% to 48,900 M3.

This year, IPCC is targeting net profit to reach Rp. 220 billion or grew 69% on a year-on-year basis. This year the IPCC has received an additional transfer of vehicle throughput previously managed by Port of Tanjung Priok (affiliation) as part of the business specialization policy (zoning) conducted by Pelindo II.

The import-export segment still dominates IPCC`s revenue to date. However, the company continues to optimize the potential of its domestic segment which has large potential going forward such as Roro Services Transhipment and joint operation with domestic ports owned by Pelindo I, III and IV. Currently IPCC has signed an MoU with Pelindo IV for cooperation in the operation of car terminals in the ports of Makassar and Samarinda, and this step is an IPCC effort to explore the business potential in the Indonesian region, especially Eastern Indonesia, which is included in international shipping lanes. "As the only international vehicle terminal management company in Indonesia, IPCC needs to realize its position as an Indonesia incorporated vehicle terminal with integrated operational areas in all regions of Indonesia," said Chiefy.

About IPCC

IPCC is a subsidiary of PT Pelabuhan Indonesia II (Persero) or Indonesia Port Corporation (IPC). IPCC provides vehicle terminal services. Its "services include Stevedoring, Cargodoring, Receiving, and Delivery," according to Chiefy. In addition, Chiefy also mentioned that IPCC also provides other services namely Vehicle Processing Center (VPC), Equipment Processing Center (EPC), Port Stock and Transhipment RoRo Services.

IPCC not only provides terminal services for automotive, however also for heavy equipment, trucks, buses, and spare parts.

IPCC has several advantages, in which one of them is being the only commercial terminal management company that provides vehicle terminal services in the 4th most populous country in the world and has 100% captive market for all import/export vehicles, as well as attractive margins.

IPCC occupies a land area totaling 31 hectares with a capacity of 700,000 units of vehicles per year. According to its plan, by 2022, IPCC targets to occupy a land area totaling 89.5 hectares with a capacity of 2.1 million vehicles. Thus, IPCC is projected to become the 5th largest car terminal operator in the world.

In terms of financial performance IPCC also shows pleasing results. In 2017, for example, IPCC booked gross revenues of Rp. 422.1 billion, up 34.3% compared to 2016 amounted Rp. 314.3 billion. IPCC EBITDA increased by 31.5% to Rp. 175.4 billion from Rp. 133.4 billion. Gross profit rose 26.8% to Rp. 208.6 billion from Rp. 164.5 billion, and IPCC net profit grew 32.2% from Rp. 98.4 billion to Rp. 130.1 billion by 2017.

While the total assets of IPCC as of December 2017 were Rp. 336.3 billion, up 26.95% compared to 2016 which stood at Rp. 264.9 billion. IPCC liabilities rose 25% to Rp. 99.2 billion from Rp. 79.3 billion, and equity grew 27.7% to Rp. 237 billion from Rp. 185.6 billion and current ratio of 3.3 times, up from 2.4 times. "In the last three years the average ROA of IPCC reaches 35.4%, EBITDA margins of 40.4%, ROE 50.6%, and total equity to assets averaging 69.8%," Chiefy said. (*)

Overview of PT Indonesia Kendaraan Terminal Tbk / IPC Car Terminal (IPCC)

Prior to becoming a separate entity, IPCC was a strategic business unit called Tanjung Priok Car Terminal (TPT), that was managed by the Head Office and operated since 28th November 2007. After its IPO that took place on 9th July 2018, PT Pelindo 2 (Persero) controls 71.3% ownership of the Company and the remaining 0.7% and 28.0% are held by PT Multi Terminal Indonesia and Public respectively.

For further information, please get in contact with:

Corporate Secretary
PT Indonesia Kendaraan Terminal, Tbk / IPC Car Terminal (IPCC)
Address: Jalan Sindang Laut No. 101, Cilincing, Jakarta Utara, Indonesia
Customer Care: +62 811 933 9930
Telp: +62 21 4393 2251
Fax: +62 21 4393 2250
Email :

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