PT Mitra Pinasthika Mustika Tbk · IDX:MPMX
PT Mitra Pinasthika Mustika Tbk — Q1 2017 Earnings Presentation
28 slides from PT Mitra Pinasthika Mustika Tbk's earnings presentation, May 2017
Slide 1: 1Q17 MPM Company Highlights and Financial Results
1Q17 MPM Company Highlights and Financial Results (Ticker: MPMX) May 2017
Slide 2: MPM: From Pipeline to Platform Business
MPM: FROM “PIPELINE” TO “PLATFORM” BUSINESS OUR VISION To positively impact lives through smart mobility and social integration OUR MISSION To create ecosystems of the best ideas (game changing innovation) delivered through the most relevant products and services (understanding people better) in the
Slide 3: Table of Content
TABLE OF CONTENT 01 MPM: Company Highlights 02 Consolidated Financial Results: FY 16 and 1Q 17 Updates 03 Business Segment Performance 3
Slide 4: MPM in a Snapshot: Leading Smart Mobility Company in Indonesia
MPM IN A SNAPSHOT: LEADING SMART MOBILITY COMPANY IN INDONESIA Market expertise Strong Corporate Significant Growth With 30 year of experience Governance & Financials Potentials • Est. in 1987 by W. Soeryadjaya as • BOC & BOD has over 100 years of • 4 main business segments, each with 2W distributio
Slide 5: MPM Business: Collective Power
MPM BUSINESS: COLLECTIVE POWER Distribution & Retail Auto Consumer Parts 77% 10% • 2W Honda distribution in E. Java + NTT 6% • 2W & 4W engine lubricant principal & with 290 dealer relationships, serving parts distribution company ~3.6MM active customers 7% • 3,300+ Federal Oil Centers & 10,000+ 3rd
Slide 6: Governance and Management
GOVERNANCE AND MANAGEMENT Board of Commissioners Board of Directors Strong mix of operational, strategy, M&A, and Over 100 years of combined professional experience governance expertise Edwin Soeryadjaya Rudy Halim Chairman Group CEO Tossin Himawan Troy Parwata Agung Kusumo Titien Supeno Andi Esfand
Slide 7: MPM Group Network: Presence Across Indonesia
MPM GROUP NETWORK: PRESENCE ACROSS INDONESIA 16 MPMInsurance Offices & Outlets 47 FKT Distributors for Federal Oil & Federal Mobil 33 MPMRent Offices & Service Points 10 MPMAuto Dealers 83 MPMFinance Offices & Outlets 40 MPMotor Retail Outlets 290 MPMulia Dealers 7 Resource: MPMX, as of 31 Mar 2017
Slide 8: Table of Content
TABLE OF CONTENT 01 MPM: Company Highlights 02 Consolidated Financial Results: FY 16 and 1Q 17 Updates 03 Business Segment Performance 8
Slide 9: 1Q17 Revenues: Segment Contribution & Movement
1Q17 REVENUES: SEGMENT CONTRIBUTION & MOVEMENT Revenues 1Q17 Revenues Growth % YOY, in Rp billion 75% 10% Rp 4.0T 7% (252) (21) 32 31 26 -12.6% QoQ, -4.5% YoY 4,143 -4.5% 3,959 8% 1Q17 1Q16 YoY revenue growth %YOY -7% -5% +12% +11% Distribution & Retail Consumer Parts Auto Services Financial Service
Slide 10: 1Q17 NPATMI: Segment Contribution & Movement
1Q17 NPATMI: SEGMENT CONTRIBUTION & MOVEMENT NPATMI 1Q17 NPATMI Growth % YOY, in Rp billion Rp 129B 38 (17) 81.0% QoQ, 80.2% YoY 41 Distribution & Retail (11) (1) 7 129 38% 1Q17 Auto Consumer Parts 44% 72 +80% Auto Services 1Q16 YoY NPATMI growth 8% Financial Services 10% %YOY -23% -2% +137% +781% +
Slide 11: 1Q17 Consolidated P&L Results
1Q17 CONSOLIDATED P&L RESULTS Financial Highlights (in Rp billion) Consolidated Non Financial Services Financial Services 1Q17 QoQ% YoY% %Rev 1Q17 QoQ% YoY% %Rev 1Q17 QoQ% YoY% %Rev Net Revenues 3,959 -12.6% -4.5% - 3,650 -13.0% -5.5% - 322 -7.5% 10.7% - Gross Profit 627 -16.9% 4.3% 15.8% 413 4.8% -
Slide 12: FY16 Consolidated P&L Results
FY16 CONSOLIDATED P&L RESULTS Financial Highlights (in Rp billion) Consolidated Non Financial Services Financial Services FY16 FY15 YoY% %Rev FY16 FY15 YoY% %Rev FY16 FY15 YoY% %Rev Net Revenues 17,723 16,640 6.5% - 16,509 15,471 6.7% - 1,259 1,209 4.1% - Gross Profit 2,631 2,299 14.5% 14.8% 1,728 1
Slide 13: 1Q17 Balance Sheet & Key Ratios
1Q17 Balance Sheet & Key Ratios (in Rp billion) Consolidated Non Financial Services Financial Services 1Q17 QoQ% YoY% 1Q17 QoQ% YoY% 1Q17 QoQ% YoY% Cash and Cash Equivalents 812 -36.8% -46.2% 540 -45.4% -45.0% 272 -7.7% 48.6% Total Asset 14,802 -0.8% 1.8% 9,177 -3.7% -5.8% 6,562 3.8% 14.6% Bank Fund
Slide 14: FY16 Balance Sheet & Key Ratios
FY16 Balance Sheet & Key Ratios (in Rp billion) Consolidated Non Financial Services Financial Services FY16 FY15 YoY% FY16 FY15 YoY% FY16 FY15 YoY% Cash 1,285 1,484 -13.4% 990 1,160 -14.6% 295 324 -9.0% Total Asset 14,926 14,480 3.1% 9,534 9,741 -2.1% 6,325 5,671 11.5% Bank Funding 4,293 4,338 -1.0%
Slide 15: Key Focus 2017: (1) Cost Leadership
KEY FOCUS 2017: (1) COST LEADERSHIP Financial Highlights (in Rp billion) Consolidated Non Financial Services Financial Services 1Q17 QoQ% YoY% %Rev 1Q17 QoQ% YoY% %Rev 1Q17 QoQ% YoY% %Rev Revenue / HC 3.6 -17.4% -4.3% - 5.2 -20.2% -9.8% - 0.8 -8.2% 19.8% - Total Opex 412 -27.5% -5.7% 10.6% 250 -21.2
Slide 16: Key Focus 2017: (2) Operating Cash Flow
KEY FOCUS 2017: (2) OPERATING CASH FLOW 1Q17 Cash Flow (in Rp billion) Operational Highlights 1,484 1,511 Non Financial Services 1Q16 1,285 1Q17 812 1Q17 1Q16 YoY% AR Days 16.6 18.8 -11.5% 303 -82 AP Days 25.9 30.3 -14.6% -165 -226 -146 -130 Inventory Days 22.3 22.4 -0.6% Beginning Operating Investi
Slide 17: Key Focus 2017: (3) Collaborative Economy & New Growth
KEY FOCUS 2017: (3) COLLABORATIVE ECONOMY & NEW GROWTH Summary Kick off Accelerate Collaborative Economy initiative within MPM Group Focus on Financing and Insurance penetration to MPM’s distribution and retail business Launch MPM Planet initiative through RallyPoint App Ecosystem to build c
Slide 18: MPMFinance Transaction
MPMFinance TRANSACTION MPMX & JACCS Plans in MPMFinance Jun ‘14 Feb ‘17 Mar ‘17 2Q17 Established as 60:40 JV MPMX announced plan to sell MPMX & JACCS announced Transaction finalization between MPMX and JACCS partial stakes in MPMFinance formal signing of definitive expected to be in 2Q17 after the m
Slide 19: 1Q17 Key Events
1Q17 KEY EVENTS Jan’17 Feb’17 Feb’17 Mar’17 Mar’17 Mulia received Best MPM received The FKT received Top Brand Federal Oil received MPM rebranding with its Performance PIC Most Innovative Award 2017 category Silver Champion of new vision & mission Community 2016 Business Award 2W Engine Lubricant fo
Slide 20: Table of Content
TABLE OF CONTENT 01 MPM: Company Highlights 02 Consolidated Financial Results: FY 16 and 1Q 17 Updates 03 Business Segment Performance 20
Slide 21: 2W Distribution & Retail: Continue Leadership in E. Java and NTT
2W DISTRIBUTION & RETAIL : CONTINUE LEADERSHIP IN E. JAVA AND NTT Sales Volume (Unit in thousands, YoY%) 1Q17 Highlights +1% -2% Overall sales volume in 1Q17 was slightly lower than 1Q16 but well -7% above industry average due to the following: Mulia 902 912 897 212 197 o Unfavorable weather conditi
Slide 22: 4W Dealership: Improve Sales Productivity & Service Level
4W DEALERSHIP : IMPROVE SALES PRODUCTIVITY & SERVICE LEVEL 1Q17 Highlights Sales Volume (Units, YoY%) Overall sale volume was decreased in 1Q17 due to the following: +29% -22% o 528 units of Nissan-Datsun cars were sold, representing a -66% 3,680 4,755 3,732 66% decrease from the same period due to
Slide 23: Consumer Parts: Strengthen Channel & New Product Development
CONSUMER PARTS: STRENGTHEN CHANNEL & NEW PRODUCT DEVELOPMENT 1Q17 Highlights Sales Volume (Units in thousand litres, YoY%) FKT maintained stable performance despite the slowdown in the +7% -0% economy. Here are the drivers: -7% o Low consumer traffic to retail outlets due to weather 59,200 63,341 63
Slide 24: Auto Services: Maintain Operational Excellence & Cash Flow
AUTO SERVICES: MAINTAIN OPERATIONAL EXCELLENCE & CASH FLOW 1Q17 Highlights Fleet Size (Units, YoY%) +1% +2% +2% An excellent first quarter for MPMRent. Here is the summary: o Strong net profit delivered, representing a significant 13,935 14,137 14,425 13,847 14,135 growth from last year. o Fleet siz
Slide 25: MPMFinance: Selective Growth While Maintaining Focus on Asset Quality
MPMFINANCE: SELECTIVE GROWTH WHILE MAINTAINING FOCUS ON ASSET QUALITY New Booking (in Billions of Rupiah, YoY%) 1Q17 Highlights +37% +11% +56% An excellent first quarter performance for MPMFinance, and here is 4,015 4,461 2,934 791 1,237 why. o Asset quality greatly improved, posting NPL level of 2.
Slide 26: MPMInsurance: Increase Penetration Group & Non-Group Businesses
MPMINSURANCE: INCREASE PENETRATION GROUP & NON-GROUP BUSINESSES 1Q17 Highlights Gross Premium (in Billions of Rupiah, YoY%) o Gross premium continues to grow steadily. +49% +2% o Revenue and profit both increased in 1Q17. 392 +10% 385 259 72 79 FY15 FY16 1Q17 1Q16 1Q17 Key Initiatives NPAT (in Billi
Slide 27: Disclaimer
DISCLAIMER • These materials have been prepared by PT Mitra Pinasthika Mustika Tbk (the “Company”, “MPM”) and have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the informati
Slide 28: Thank You
Thank You
PT Mitra Pinasthika Mustika Tbk (MPM) — Q1 2017 Earnings Presentation on 6ix