eum leadership 2011

8/3/2019 EUM Leadership 2011

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Delivering value with industry- focused services

Energy, Utilities & Mining

Statement of Capabilities

PwC Indonesia



Specialised services

for your business



EU&M Capability Statement 1

In IndonesiaOur Indonesian Energy, Utilities andMining (EU&M) practice comprisesover 250 professionals across ourthree Lines of Service - Assurance,Tax & Legal Services and Advisory.This large group of professionalshave deep industry knowledge

providing us with the largest groupof industry specialists in theIndonesian professional market. AtPwC, we help our clients solvecomplex business problems by combining a global mindset andlocal resources with positive actions.Through our involvement with theIndonesian Petroleum Association(IPA), the Indonesian Mining

Association (IMA), and otherindustry bodies we are helping to

shape the industry as it progressestowards truly world-class standards.Senior members of our team sit onthe Boards of both the IPA and IMA,together with key industry executives.

Our ClientsOur advisors have tremendousindustry experience, having worked

with numerous clients across the various sub-sectors of the EU&M

area. We also act for externalinvestors (private equity/nanciers)conducting due diligence (tax andnancial) and/or nancial modelreviews for investments in thesesub-sectors.

Oil and GasPwC can help energy companiesevaluate priorities, assess risks, andbuild stakeholder condence. OurIndonesian energy practice focuseson delivering professional services tocompanies of all sizes, across allsegments of the industry. We provideindustry specic solutions in the

elds of audit and assurance, andtax and advisory services to helpcompanies address their businessand stakeholder issues.Our clients in Indonesia include oiland gas companies in all thesubsectors listed below:• Upstream oil and gas• Midstream/pipeline operations• Downstream (rening/

petrochemicals/lubricantblending/LPG Processing/

tankfarms/transportation/crude tankers and LNGshipping/retail and distributionof fuels, LPG and lubricants)

• LNG projects• Coal bed methane• Oileld service providers

(drilling/workovers, drilling waste management, drillinguids’ suppliers and serviceproviders in pumping,completions, wireline services,pollution control, geophysics,seismic exploration, manpower,FPSOs and marine/offshoreequipment providers, etc.)

• EPC contractors for the EU&Msector

• O&M service providers.

Mining

PwC’s commitment to the miningindustry is unmatched and

demonstrated by our activeparticipation in industry associations around the world andin Indonesia and our thoughtleadership on the issues affectingthe industry. Through ourinvolvement with the IMA, theIndonesian Coal Mining Associationand Indonesian mining companies,

we help shape the future of theindustry. Our depth of experiencemeans you can be condent we

grasp important industry issues andknow how to respond to them. Weidentify trends and communicatethose trends to each other and to

you, our clients.

>1,000professionals

40partners and

technical advisors

With 40 years of experience, PwCIndonesia (PwC or we) has grown to

over 1,000 professional staff, including40 Indonesian national partners andexpatriate technical advisors. We bringtogether international and localknowledge, skills and experience.



2 EU&M Capability Statement

Our Indonesian mining practicefocuses on delivering professional

services to companies of all sizes,across all segments of the industry,such as:• Minerals mining• Coal mining• Coal briquette manufacturers• Mineral sand miners• Mining industry service providers

(contract miners, crushing,hauling, rehabilitation)

Utilities

The investment, environmental andtechnological challenges facing utility companies are immense. Marketcompetition and regulatory regimescontinue to vary widely acrossterritories with national differencesabounding. Sustainable value creationis taking many different routes ascompanies adapt their strategies tomeet changing market demands. InIndonesia, we are your perfect partnerin the Utilities space. Our clients in

Utilities are involved in:• Power generation• Geothermal

• Water and waste treatment plants• Utility equipment suppliers

(SCADA and control equipment,compressors, turbines, generators,boilers, etc.)

• Utility service providers (O&Mcontractors, independentengineers, etc.)

We also have extensive experienceproviding a variety of services toRenewable and Carbon MarketParticipants as follows:

Renewable Energy • Biofuels (liquids, biogas, solid

biomass)• Hydropower• Photovoltaic• Solar thermal• Wind

Carbon Market Participants• Clean Development Mechanism

(CDM) project developers• Carbon buyers (including nancial

institutions and carbon funds)• Carbon sellers

• Our market share in Energy, Utilities & Mining in Indonesia

is 60%, based on production.

• PwC was involved in four of the ve biggest Initial Public

Offerings (IPO) in Indonesia in the past ve years.

• Our audit market share is 40% of the Indonesian stock

exchange based on market capitalisation - the biggest of all

professional services rms.

• We have over 1,000 professionals ready to serve you.

“PwC work very efciently and deliverthe result on time”

From PwC Indonesia’s

Client Satisfaction Survey




“PwC industry knowledge andknow how areunquestionable”



Our ServicesOur offerings have been organised intothree Lines of Service, each staffed

with highly qualied, experiencedprofessionals and leaders in ourprofession.

Audit and AssuranceServicesManaging Corporate Risk andGovernance.

PwC audits companies in all EU&Msectors – including national,international, upstream, midstream,downstream, oil eld and miningservices companies. Our practiceprovides a full range of assuranceservices including:• Statutory Audit

Our statutory audit provides an

opinion on an organisation’snancial information; advice oncontrols over an organisation’snancial information; advice oncontrols and processing system

weaknesses; conrmation of accounting treatment with respectto complex transactions; and any other regulatory reportingrequirements such as those underSarbanes-Oxley 404.

• Regulatory Compliance• Sarbanes-Oxley Readiness

and ComplianceOur services include projectmanagement; technical anddocumentation support; risk assessment; solution design andimplementation; changemanagement and training; andquality assurance and review.

• Independent Controls Assurance

• Information Systems andProcess Assurance

• Joint Venture AuditsDue to the unique structuring of business ventures in the EU&Msector, it is often necessary for non-operating participants toundertake audit procedures of theoperator. The deep industry knowledge of our Assuranceprofessionals and their core auditskills allow us to perform joint

venture audits that focus on theissues that really matter.

Tax ServicesBuilding Efciencies andClarifying Complexities.

PwC’s EU&M tax professionals solvechallenging issues, anticipate changesthat can impact on our clients’ taxsituations and nancial statements,and keep them informed of local and

international tax regulations whichaffect their operations.Some of our value-driven tax servicesfor EU&M companies include:• International Tax

Structuring Our team is able to help youstructure your business in atax-efcient manner, both locally and globally. We can help youconstruct effective cross-borderstrategies, manage your global

structural tax rate and any potential exposure to taxation inIndonesia.

• Mergers and AcquisitionsEarly tax planning is essential toreduce both the actual transactiontax costs and the long termsustainable tax rate following amajor transaction. When makingan acquisition, disposing of anon-core business, or goingthrough a merger, companiesneed to identify and manage taxrisks and ensure that future netcash ows are optimised.

• International AssignmentServices

A specialist group dealing withexpatriate individual taxcompliance, employee share/option plans and tax issuesarising from internationalassignments.

•

Transfer Pricing (TP)SupportTP compliance includingappropriate documentation isperhaps one of the mostcontentious areas for Indonesiantax payers. Our specialist TP teamincludes an EU&M unit workingsolely on the TP issues relevant toEU&M tax payers.




“PwC Indonesiadoes a great jobunderstanding ourindustry and company issues and acting

proactively to addressthem”



• Dispute ResolutionOur tax dispute resolution team

works with clients on both aproactive and a defensive basis,assisting clients right throughfrom the pre-tax audit stage(preparation and risk assessment)to the audit and post-tax auditstages, and on to the Tax Court or

Supreme Court level.• Indirect Taxes

Our indirect tax professionals canassist with the range of indirecttaxes including Value-Added Tax(VAT/PPN) and customs, as wellas export and import duties.

Advisory ServicesEnhancing Corporate Value

PwC Advisory Services group provides

advice and assistance to EU&Mcompanies based on our deepnancial, analytical and businessprocess skills. We do this in a mannerthat helps our clients createstakeholder value, build trust andcommunicate with the marketplace.Throughout the business cycle, wehave teams who keep abreast of newdevelopments and trends to help ourclients compete and perform better• Transaction Services

PwC’s Transaction Services groupadvises companies in all sectors of the EU&M industry on

acquisitions, alliances anddivestitures. Our people helpcompanies improve the way they do deals - whether buying acompany, selling a business orraising capital - so that onesuccessful deal leads to and fundsthe next one. We are the leadingadvisor for the provision of

transaction services to the EU&Mindustry in Indonesia.

• Internal AuditWe can assist organisations thatneed help in improving the quality and effectiveness of their internalaudit processes by advising andassisting in the development of internal audit and risk management plans andmethodologies, includingassessing whether the internal

audit function is deliveringeffectively to stakeholders. We alsoprovide internal audit resourcesolutions, including fulloutsourcing or complementary in-house functions utilisingexperienced professionals withstrong EU&M industry knowledge

who are supported by subjectmatter specialists. In addition, wecan develop training for internalauditors using our extensive

market and industry knowledge tocreate highly tailored solutions.




• In FY2010, PwC rms provided services to 415 of the companies in the Fortune Global 500

and 415 of the companies in the FT Global 500

• PwC rms serve over 2,500 of the largest and most complex energy, utilities and miningcompanies in the marketplace.

• More than 161,000 people in 154 countries in rms across the PwC network share theirthinking, experience and solutions to develop fresh perspectives and practical advice.

• The PwC network has ofces in 757 locations in 154 countries.

• PwC rms serve 64% of the world’s largest energy companies listed in the FT Global 500.

• PwC rms audit 28% of the utilities companies in the Global S&P 1200 list.

• PwC rms audit 47% of the FT Global 500 mining companies and provide other

professional services to the remainder of them.

Our extensive experience

Financial expertise to help our

clients and their stakeholders withadvice that enhances sustainable value.


KnowledgePwC’s network of industry specialists arelinked by a sophisticated internal

knowledge management system, givingthem the tools to use their wide-ranginginsights and draw upon the most up todate information for the benet of ourclients.

The PwC network’s programme of ‘thought leadership’ is widely respected. From round-tablediscussions to global surveys, we shareknowledge with our clients onindustry issues. PwC rms plays a

central role in many key developmentsin the industry. For instance, we arerepresented on the committee of theWorld Energy Council (WEC) and area WEC patron.




In tune with

industry issues

Each year, PwC rms prepare industry-dedicated reports and gatheropinion on the issues that are of key strategic importance to our clientsand the challenges that lie ahead. Our extensive ‘thought leadership’programme draws on the insight of our world-wide network of industry specialists as well as the industry itself.

From round table discussions to global surveys, we keep our clientsinformed on industry issues ranging from fuel mix and technology choices to business performance and sustainability. We look at key developments both within and outside the sector, such as mergers andacquisitions activity, human resource strategies, reporting and

compliance standards.



PwC Contacts - Energy, Utilities & Mining

Yanto Kamarudin [email protected]

Shunsuke [email protected]

Hong Hyeon [email protected]

Yusron Fauzan [email protected]

Assurance Services

Dwi [email protected]

Sacha [email protected]

Daniel [email protected]

Fandy [email protected]

Tax Services

Ali [email protected]

Triadi [email protected]

Anthony [email protected]

Antonius [email protected]

Tim [email protected]

Michael [email protected]

Advisory Services

Japanese BusinessDesk

Korean BusinessDesk

Gopinath [email protected]

Joshua Wahyudi [email protected]

Stephen [email protected]

Zayarwan [email protected]

Triono [email protected]

Plaza 89Jl. H.R. Rasuna Said Kav. X-7 No.6Jakarta 12940 - INDONESIA P.O. Box 2473 JKP 10001T: +62 21 5212901F: +62 21 5290 5555/5290 5050



Our CR initiatives:

• Two working days a year aregranted to all PwC employeesto participate in and volunteerfor social activities. 1,911 hours

were spent in scal year 2010

with participation from 286 of our people to complete 4community projects.

• Providing nancial support to various foundations (charity partners) in Indonesia.

• People-giving program. 225 of PwC’s employees participatedin setting aside part of theirmonthly income for ourcharitable activities.

• Fund-raising activity during

the PwC year-end party. In2008, 8 volunteers had theirhead shaved on stage to helpraise funds to build a school. In2009, 8 partners and technicaladvisors performed a wayang

orang play, helping to raisemoney for computer trainingfor Papua children.

• In 2010, US$ 96,000 ($ 307,000 within the period 2006 to2010) was distributed to

charity and natural disasterrelief activities.

Some evidence of ourcommitment in social andcommunity work:

• Supporting the planting of 6,000 mangroves and 1,200trees as part of a tree adoptionprogram.

• Making dreams come true:Dream School Project in

cooperation with Nurani DuniaFoundation to build 3-levelclassrooms and a 3-levelmultifunction hall in SDNPondok Kacang Barat 3,Tangerang.

• Providing nancial support forthe implementation program of The Learning Farm (TLF -Karang Widya Foundation).TLF provides self andentrepreneurship development

for street youth throughorganic farming.

• In August 2009, PwC and TheIndonesian Chamber of Commerce and Industry (KADIN) signed an MoU toempower Small and MediumEnterprises through trainingand mentoring programs. Thisis our contribution toIndonesian economicdevelopment.

Corporate Responsibility ReportOur Corporate Responsibility Report can be accessed at www.pwc.com/id/en/corporate-responsibility.

Corporate Responsibility

To us, Corporate Responsibility (CR) means a commitment to a sustainable future and to the society in which we live and work. CR is a motivating factor and a way of working we expect from our employees.We hope that it helps our people in their development and to become responsible leaders, who not only focus on our clients but also on the world around them. We want to weave CR into the bre of ourorganization.



More insights

Visit www.pwc.com/id to download ororder hardcopies of reports

1. Oil & Gas in Indonesia Investmentand Taxation Guide

2. Mining in Indonesia Investmentand Taxation Guide

3. Electricity in Indonesia Investmentand Taxation Guide4. mineIndonesia5. Oil & Gas Survey 6. Indonesian Pocket Tax Book 7. Timor Lestè, Tax and Investment

Guide8. Indonesia Major Oil & Gas

Concession and InfrastructureMap

9. Indonesian Mining Areas Map10. Indonesia Major Power Plants and

Transmission Lines Map11. Energy, Utilities and Mining

Newsash12. Oil & Gas, Mining, Power and

Renewable Deals

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4

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9

5

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www.pwc.com/id

© 2011 PwC. All rights reserved. Not for further distribution without the permission of PwC. "PwC" refers to thenetwork of member rms of PricewaterhouseCoopers International Limited (PwCIL), or, as the context requires,individual member rms of the PwC network. Each member rm is a separate legal entity and does not act asagent of PwCIL or any other member rm. PwCIL does not provide any services to clients. PwCIL is notresponsible or liable for the acts or omissions of any of its member rms nor can it control the exercise of theirprofessional judgment or bind them in any way. No member rm is responsible or liable for the acts or omissionsof any other member rm nor can it control the exercise of another member rm's professional judgment or

bind another member rm or PwCIL in any way.

PwC Indonesia is comprised of KAP Tanudiredja, Wibisana & Rekan, PT PricewaterhouseCoopers Indonesia Advisory and PT Prima Wahana Caraka, each of which is a separate legal entity and all of which togetherconstitute the Indonesian member rm of the PwC global network, which is collectively referred to as PwCIndonesia.

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