Pt Japfa Comfeed Indonesia Tbk Class A · IDX:JPFA
Pt Japfa Comfeed Indonesia Tbk Class A — Investor Presentation (2020)
22 slides from Pt Japfa Comfeed Indonesia Tbk Class A's investor presentation, 2020
Slide 1: Investor Presentation
INVESTOR PRESENTATION FY 2017 INVESTOR PRESENTATION 3Q 2018
Slide 2: Index
Index Company Overview Key Investment Highlights Financial and Operational Highlights 1
Slide 3: Company Overview
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Slide 4: Vertically Integrated Business Model
Company Overview Core competencies across the value chain POULTRY AQUACULTURE BEEF CATTLE UPSTREAM VERTICALLY INTEGRATED BUSINESS MODEL ANIMAL FEED PRODUCTION UPSTREAM BREEDING MIDSTREAM COMMERCIAL FARMING DOWNSTREAM PROCESSING DOWNSTREAM CONSUMER PRODUCTS 3
Slide 5: Industrialized approach drives operational and financial benefits
Industrialized approach drives operational and financial benefits A Scale B Technology & genetics – 2nd largest feed and DOC producer in Indonesia with significant scale across the value chain: – Exclusive relationship with Aviagen for the sourcing of grandparent stock with superior genetics which i
Slide 6: Japfa: Well positioned for long-term growth
Japfa: Well positioned for long-term growth Poultry leader in Indonesia − Cattle fattening business in Indonesia − 2nd largest poultry feed producer in Indonesia − Aquaculture is primarily a Beef Trading − Core business and stable segment of feed business with some 2% and the value chain farming ove
Slide 7: Growing responsibly
Growing responsibly Japfa’s animal protein business in Indonesia showed strong sales growth in the 2010 – 2014 period driven by strong poultry demand, which then stagnated in the 2014 – 2015 period. After the down-cycle, Japfa’s poultry business resumed growth in 2016 Japfa’s annual capex budget
Slide 8: Key Investment Highlights
<j Key Investment Highlights
Slide 9: Investment highlights
Investment highlights 1 Attractive industry dynamics driven by strong structural growth in protein consumption 2 Leading integrated poultry national champion with nationwide footprint 3 Core feed business offers stable profitability 4 Industrialised Business Model: Leading Market Positions 5 Experie
Slide 10: Attractive industry dynamics driven by strong structural growth in protein consumption
1 Attractive industry dynamics driven by strong structural growth in protein consumption Ample room for sustained growth in business locations with one of the lowest poultry consumption per capita rates in Asia. Strong projected growth in GDP per capita to underpin growing protein consumption
Slide 11: Leading integrated poultry national champion with nationwide footprint
2 Leading integrated poultry national champion with nationwide footprint 2nd largest Indonesian poultry feed and DOC Nationwide footprint with presence in all major producer islands Poultry feed production capacity market share (%) Company’s Operational Areas 34% 31% Japfa is the largest indigenous
Slide 12: Poultry Feed: Stable Base Margin
Poultry Feed: Stable Base Margin 400 16% 350 14% LTM OPM Poultry Feed 12% 300 Price Change3 10% 250 8% 200 6% 150 4% 100 2% 50 0% 1 LTM1 Poultry Feed OPM (%) SBM Price 2 Corn Price 2 USD/IDR 3 Poultry Feed OPM has been stable around 10% - 11% as feed has the ability to effectively pass on fluctuatio
Slide 13: Segmental Trends: PT Japfa Tbk (Poultry)
Segmental Trends: PT Japfa Tbk (Poultry) Revenue (IDR Billion) Operating Profit (IDR Billion) Operating Profit Margin (%) 48,543 47,123 22.6% 50,000 43,338 5,568 5,037 40,000 5,185 4,178 34,650 1,597 13,902 3,598 3,233 14.0% 15,625 898 13.6% 12,681 195 12.0% 30,000 10,643 2,586 895 10.2% 6,414 264 5
Slide 14: Japfa Ltd: A Leading Pan-Asian Industrialized Agri-Food Company
3 Japfa Ltd: A Leading Pan-Asian Industrialized Agri-Food Company WHAT WE DO WHERE WE ARE WHY WE DO IT We produce quality We employ over 3 billion people living protein staples, dairy, 40,000 people across in our target markets and packaged food that Singapore, Indonesia, More than 40% of the nouris
Slide 15: Leading Market Positions in Multiple Protein Staples
4 Leading Market Positions in Multiple Protein Staples Leading upstream regional market positions Average Daily Milk Yield (ADM)1 China 39.6 kg/head #1 Poultry Feed Production2 Indonesia 22% #2 DOC Production1 Indonesia 25% #2 DOC Production1 Vietnam 20% #2 Poultry Feed Production1 Myanmar 27% #1 DO
Slide 16: Experienced and tenured management team
5 Experienced and tenured management team Proven track record of guiding the Company through various cycles Board of Commissioners* Syamsir Siregar Hendrick Kolonas Retno Astuti Ignatius Herry Ito Sumardi President Vice President Wibisono Wibowo Djuni Sanyoto Commissioner Commissioner Independent In
Slide 17: Financial and Operational Highlights
Financial and Operational Highlights
Slide 18: PT Japfa Tbk – Financial Performance
PT Japfa Tbk – Financial Performance Revenue Operating Profit EBITDA PAT Rp Billion Rp Billion Rp Billion Rp Billion FY 2020 36,965 2,635 3,887 1,222 -4.9% y-o-y -16.0% y-o-y -6.1% y-o-y -31.9% y-o-y FY 2019 38,872 3,136 4,139 1,794 Solid results in challenging Covid-19 year Revenue and profitabil
Slide 19: PT Japfa Tbk – Stable rolling operating profit
PT Japfa Tbk – Stable rolling operating profit PT Japfa Tbk is an agri-food business, hence will be subject to cyclicality which directly impacts its revenue and profitability. Cyclicality is dependent on a variety of external factors, which are beyond the Company’s control, including the seasonal
Slide 20: Proven financial track record
Proven financial track record Net Revenues Operating Profit EBITDA Net Profit (IDR Billion) (IDR Billion) (IDR Billion) (IDR Billion) 38,872 36,965 3,136 4,139 3,887 2,635 1,794 1,222 FY 2019 FY 2020 FY 2019 FY 2020 FY 2019 FY 2020 FY 2019 FY 2020 Total Assets Net Debt / Equity (%) CAPEX Total Inter
Slide 21: Capex
Capex (IDR Billion) 3,065 2,348 1,645 FY2018 FY2019 FY2020 Note: Certain prior periods’ figures have been restated to conform with the presentation in the audited consolidated financial statements as of and for the year ended 31 December 2020 20
Slide 22: Thank You
Thank You IMPORTANT NOTICE: This investor presentation is for information only and should not be relied upon to make any investment or divestment decision with respect to securities of PT Japfa Tbk. Shareholders and potential investors are advised to seek independent advice in the making of any inve
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