Pt Samator Indo Gas Tbk · IDX:AGII
Pt Samator Indo Gas Tbk — PT Aneka Gas Industri — Q1 2020 Earnings Presentation
36 slides from Pt Samator Indo Gas Tbk's earnings presentation, June 2020
Slide 1: Management Presentation Q1 Results 2020
Management Presentation Q1 Results 2020 Published June 2020
Slide 2: Table of Contents
Table of Contents Company Overview Page Business Updates Page Philosophy 6 Key Updates 23 Milestones 7 Awards 24 Company Highlights 8 Industry Outlook: GDP vs AGII 25 Products & Services 9 Industry Outlook: Southeast Asia Market 26 Business Strategy 12 Competitive Advantages Page Financial Performan
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by PT Aneka Gas Industri Tbk (“AGII”) and is circulated for the purpose of general information only and it is not intended for any specific person. All opinions and estimations included in this presentation constitute our judgment as of this date and ar
Slide 4: Contents: Company Overview
Contents 01 Company Overview 02 Competitive Advantages 03 Business Updates 04 Financial Performance FROM EVERYWHERE First Quarter Results 2020 4 IN EVERYTHING
Slide 5: Contents: Company Overview
Contents 01 Company Overview 02 Competitive Advantages 03 Business Updates 04 Financial Performance FROM EVERYWHERE First Quarter Results 2020 5 IN EVERYTHING
Slide 6: Philosophy
Philosophy • fadf Vision Mission Mission ValuesValues - PRIDE - PRIDE Top FiveTop Priorities 5 Priorities To be the most desirable 1. Give the best for the • Professionalism • Human Capital company that stakeholder • Righteousness Development continuously grows and 2. Integrity and committed • Innov
Slide 7: Milestones
Milestones 1916 1924 1958 1971 1996 2004 2008 2010-2015 2016 2017 2018 2019 NV WA Hoek NV Javasche Both PN Zatas and A portion of SAMATOR AGI issued AGII had AGI became AGII issued AGII acquired National Machine en Koelzoor companies PN Asam AGI shares (Domestically 1st Bond & rapid the 1st public s
Slide 8: Company Highlights
Company Highlights Business Overview Revenue Contribution ▪ Own 44 plants and 104 filling stations in 26 provinces across Indonesia as of 31 Dec 2019 Q12016-Q12019 CAGR +10.3% YoY g +4.2% Gas products on ▪ Engage in 4 (four) business lines 600 522 544 average contribute 490 • Industrial gas producti
Slide 9: Products and Services
Products and Services Oxygen* Sulphur Helium Hexafluoride Neon Nitrogen* Sterilization* Krypton Argon* Ammonia Xenon Refrigerant Gas Air Gas Specialty gas Rare gas Hydrogen* CNG Mixed Gas Liquid Propane Acetylene* Environmental Natural Gas Carbon Dioxide* Calibration Gas Liquid Petroleum Carbon Mono
Slide 10: Industrial Gas Application
Industrial Gas Application Type of Gas Selected Applications Production Process Oxygen • Medical services such as for respiratory support purposes • Metal fabrication • Steel manufacturing • Live fishery Nitrogen • Food industry for IQF (Individual Quick Frozen) Atmospheric air is separated in an Ai
Slide 11: Distribution Method
Distribution Method On Cylinder Site Plant (Packaged) Pipeline Bulk FROM EVERYWHERE First Quarter Results 2020 11 IN EVERYTHING
Slide 12: Business Strategy
Business Strategy Operation 1 Continue business development Integrated Monitoring in ecosystem & strengthen Services › Use real-time online monitoring competitive advantages platform for production & storage › Expand Medical facilities developed by 3rd party Equipment Trading & Medical Installation
Slide 13: Contents: Competitive Advantages
Contents 01 Company Overview 02 Competitive Advantages 03 Business Updates 04 Financial Performance FROM EVERYWHERE First Quarter Results 2020 13 IN EVERYTHING
Slide 14: Competitive Advantages
Competitive Advantages 01 The First and Largest Industrial Gas Company 02 Market Leader in Medical Gas Sector 03 Well-diversified End Customer Base 04 Nationwide Distribution Network 05 Integrated Operational Activity 06 International Network 07 Experienced Management FROM EVERYWHERE First Quarter R
Slide 15: 1. The First and Largest Industrial Gas Company
1. The First and Largest Industrial Gas Company Largest Market Share* by Revenue Industrial Gas Market Share in Indonesia AGII is pioneer and market MNC A 16.34% leader of the nation’s MNC B 13.61% industrial gas business MNC C 6.08% ✓ Together with Samator Group (parent company), AGII holds a 2018
Slide 16: 2. Market Leader in Medical Gas Sector
2. Market Leader in Medical Gas Sector Providing Total Customer Solution to Healthcare Clients Medical Gas & Respiratory Medical Gas Equipment & Installation System Total Customer Solutions For Healthcare Establishments • AGII not only provides medical gas, but also provides medical equipment as wel
Slide 17: 3. Well-Diversified End Customer Base
3. Well-Diversified End Customer Base Not one sector contributes larger than 30% of revenue* Retail Medical Consumer Goods Infrastructure Other Manufacturing Workshop Hospitals Carbonation Aquaculture Steel Production Refining Home Industry MRI Freezing Inerting Stainless Steel Natural Gas Fracking
Slide 18: 4. Nationwide Distribution Network
4. Nationwide Distribution Network Ensuring On-Time Supply Continuity Strategy Result Support Build plants and filling stations The largest distribution network with The largest transportation fleet in the industry in the proximity of its customers 44 plants (Air Separation Plants & others) & 104 fi
Slide 19: 5. Integrated Operational Activity
5. Integrated Operational Activity Advantage in Operational Management Raw Material Procurement Processing Distribution Consumer Cylinder/ Air Packaged Air Gas (O2, N2, Ar) Supporting Supplier Materials Processing Retail Road Tankers Plant Medical Synthetic Gas Supporting Supplier Consumer Goods (C2
Slide 20: 6. International Network
6. International Network Access to Key Providers in Industrial and Healthcare Equipment › Managed under Samator Group Samator Group › Access to Key Multinational Players › Enables wider range of Air Water Inc. Tomoe Shokai Co, Ltd Taiyo Nippon Sanso Corp. and National Oxygen Pte. Ltd. solutions for
Slide 21: 7. Experienced Management
7. Experienced Management Average 30+ Years of Industry Experience Board of Commissioner Board of Directors Arief Harsono Rasid Harsono Rachmat Harsono Ferryawan Utomo President Commissioner Vice President Commissioner President Director Vice President Director Chairman of Samator Group Joined 2006
Slide 22: Contents: Business Updates
Contents 01 Company Overview 02 Competitive Advantages 03 Business Updates 04 Financial Performance FROM EVERYWHERE First Quarter Results 2020 22 IN EVERYTHING
Slide 23: Key Updates
Key Updates Plan to issue 2nd Shelf Registration Bonds & Sukuk To prepare funds for outstanding bonds and sukuk in 2020 During FY2019 and 1Q2020, 395 and 71 contracts were Approximately 55-60% of Total Contracts Processed being processed respectively were contributed by the medical sector Up to IDR
Slide 24: Awards & Events
Awards & Events MoU Signing with ITB (Institut Teknologi Bandung)* Best Vendor 2018 Material – Pertamina Drilling Supplier Quality Excellence – Coca Cola Amatil Image Source : https://www.itb.ac.id/ FROM EVERYWHERE First Quarter Results 2020 24 IN EVERYTHING
Slide 25: Industry Outlook: GDP versus AGII
Industry Outlook GDP versus AGII › From 2016-2019, AGII sales on average grew 2x (twice) domestic GDP growth % › An economic and/or sectoral boost will increase the possibility of an acceleration in company growth – and vice versa › FY2020, growth may not be the average multiple of GDP due to econom
Slide 26: Industry Outlook: Southeast Asia Market
Industry Outlook Southeast Asia Market* Market Size per FY2018 Market Forecast Projected Annual Growth Rate (in %) 2018-2022 Myanmar An estimated total of Vietnam 16 14.9 USD 37.4 Mil USD 3.54 Billion USD 206 Mil 14 11.7 12 10.8 11.2 Thailand Philippines 10 8.7 USD 849 Mil USD 356 Mil 7.3 7.9 8 6.6
Slide 27: Shelf Registration Information
Shelf Registration Information Fixed-Coupon Bonds Sukuk Ijarah Issuer PT Aneka Gas Industri Tbk Listed Indonesia Stock Exchange Corporate rating Bonds and the Sukuk are both rated A-(idn) by Fitch Purpose Refinancing Maturity (years) 3 5 3 5 Listing date 6 June 2017 1st tranche of 310 (IDR billion)
Slide 28: Contents: Financial Performance
Contents 01 Company Overview 02 Competitive Advantages 03 Business Updates 04 Financial Performance FROM EVERYWHERE First Quarter Results 2020 28 IN EVERYTHING
Slide 29: Financial Highlights
Financial Highlights • Exposed to various industries, including Food & Beverage, Light, Healthcare, Retail, Well-Diversified Risk Energy, Consumer Goods, Oil & Gas, Petrochemical & Many More • 45% - 50% Gross Margin Sustained Profitability • 17% - 20% EBIT Margin • 30% - 35% EBITDA Margin Stable Gro
Slide 30: Financial Performance: Revenue and Costs
Financial Performance Revenue in IDR Billion Cost Composition in IDR Billion Q12016-Q12019 CAGR +12.0% YoY g +7.8% Q12016-Q12019 CAGR +10.3% YoY g +4.2% % of Sales 148 27% 126 138 111 101 544 522 259 275 298 55% 193 230 490 432 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 389 COGS OPEX Revenue by Product
Slide 31: Financial Performance: Profit and EBITDA
Financial Performance Gross Profit Profit Attributable to Owners of Entity Q12016-Q12019 CAGR +8.0% YoY g -0.2% Q12016-Q12019 CAGR +19.4% YoY g -36.7% 247 247 30 231 26 196 202 23 18 19 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 EBIT EBITDA Q12016-Q12019 CAGR +4.
Slide 32: Financial Performance: Assets, Liabilities and Equities
Financial Performance Assets, Liabilities & Equities in IDR Billion Assets in IDR Billion 7,021 7,189 FY2016-FY2019 CAGR +6.3% g +2.4% 6,404 6,648 5,848 7,021 7,189 3,320 6,404 6,648 3,148 3,300 5,848 3,358 Equities 2,761 Liabilities 3,721 3,869 Asset 2,997 2,972 3,500 FY2016 FY2017 FY2018 FY2019 Q1
Slide 33: Quarterly Revenue Trends
Quarterly Trends Revenue 650.0 600.0 › Since 2017, the company on average Q1 Total, 544.4 booked 52%-53% of sales on 2nd half Revenue in IDR Billion 550.0 › Each year, sales continue to grow positively as targeted 500.0 › During Q1 2020, the company still achieved positive top-line growth, 450.0 lar
Slide 34: Key Financial Ratios
Key Financial Ratios Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 Profitability Gross Profit Margin % 50.35 46.84 47.09 47.32 45.31 Earning Before Interest & Tax (EBIT) Margin % 24.90 21.33 20.53 20.92 16.97 Earning Before Interest, Tax Depreciation & Amortization (EBITDA) Margin % 35.50 34.13 33.40 33.8
Slide 35: Analyst Estimates
Analyst Estimates EBITDA Net Income Revenue Analyst Estimates VS Company Actuals Analyst Estimates VS Company Actuals Analyst Estimates VS Company Actuals 100% 104% 102% 102% 98% 1,000 97% 93% 300 3,000 100% 88% 100% 100% 250 2,500 2,204 2,143 800 685 702 2,073 648 80% 80% 1,838 80% 607 in IDR Billi
Slide 36: Thank You
Thank You Contact us Investor Relations PT Aneka Gas Industri Tbk (Head Office) UGM Samator Pendidikan Building, Tower A, 5th Floor Jl. Dr. Sahardjo No. 83, Manggarai, Tebet Jakarta Selatan 12850, Indonesia Phone : +62 21 8370 9111 ext 155 Fax : +62 21 8370 9111 Email : investor.relations@anekagas.c
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