Pt Garuda Indonesia (persero) Tbk Class B · IDX:GIAA
Pt Garuda Indonesia (persero) Tbk Class B — Garuda Indonesia — Q2 2019 Earnings Presentation
30 slides from Pt Garuda Indonesia (persero) Tbk Class B's earnings presentation, 2019
Slide 1: Garuda Indonesia Corporate Presentation Period 2Q 2019
Garuda Indonesia B) The Airline of Indonesia GARUDA INDONESIA Corporate Presentation Period 2Q 2019
Slide 2: Shares Information
Shares Information Ten Feb Ner ler Ney Dun wl keg See sy Yor Tee Tar Feb Nr Ie Ney Tn IAN 1 Eaity (Gana Indonesia Perse TK PT) GIAA vs Ct Daily O:AN2030-30 a Copyright 2019 Blomberg Finance LP. “me or aug 2039 1426-82 INIDICATOR FY 2018 1Q2019 2Q2019 Average Value (Billion IDR) 1.86 35.25 16.73 Aver
Slide 3: Our Corporate Strategy
Our Corporate Strategy Corporate Culture Transformation through the Development of People, Process, and Technology Revenue Enhancement Redefine Cost Structure Based on Shared Service Organization
Slide 4: Human Capital: Achievement in 2019 and Going Forward
MUMAN CAPITAL Achievement in 2019 and Going Forward Synergy with Union Create Good Communication and Better Understanding between Management and Union PROGRAM DETAIL PROGRAM PERIOD Performance Management System Employee Benefit Talent Acquisition Talent Management Organization Development Man Power
Slide 5: Passenger Tariff Adjustment in 2Q 2019
Passenger Tariff Adjustment in 2Q 2019 Passenger Yield 31.1% A 43.2% A 4.6% A 70.6% A a 8.4 - 11 63 51 J 2018 2018 2019 2019 2018 2019 2018 2019 Garuda Indonesia Garuda Indonesia Garuda Indonesia Citilink Group (USc) Domestic (USc) Internasional (USc) (USc)
Slide 6: Cargo Tariff Adjustment in 2Q 2019
Cargo Tariff Adjustment in 2Q 2019 Cargo Yield 37.1% A 711% A -13.3% W 161.4% A 18.4 39.5 6 28.8 85.0 112.6 49.7 43.1 ] 2018 2018 2018 2018 2Q19 2Q19 2Q19 2Q19 Garuda Indonesia Garuda Indonesia Garuda Indonesia Citilink Group (USc) Domestic (USc) International (USc) (USc)
Slide 7: Balancing Supply & Demand in Low Season Of Ramadhan Period
Balancing Supply & Demand in Low Season Of Ramadhan Period Passenger & SLF In Million Passenger -25.0% W -24.8% W -11.6% WV -29.4% VW 9.9 48 3.8 74 3.6 ro 27 2018 2019 2018 2019 2018 2019 2018 2019 SLF Growth -5.5pp V 1ipp A -5.1pp V -13.8pp V 202018 74.2 743. 69.4 83.4 202019 68.7 75.4 64.3 69.6 Ga
Slide 8: Capacity Adjustment & Fuel Cost Management
Capacity Adjustment & Fuel Cost Management ASK & Fuel Burn in Billion ASK -12.9% VW -25.2% WV -2.4% VW -14.7% W 16.7 72 57 . 37 145 43 ga 2018 2019 2018 2019 2018 2019 aans 2019 Fuel Burn (Million Liter) Yor -15.8% V -26.3% V 4.8% V -19.3% V 202018 562.2 208.2 237.5 116.5 202019 473A 153.4 226.1 93.
Slide 9: Financial Performance
Financial Performance Garuda Indonesia Group In Million USD. 7.7% A 162.5% A 106.9% A 28.8% A 1,093. 9 32.5 317.2 L 246.4 41 1,015. = 7 2018 2a19 2018 2019 2018 2019 (52.0) 2018 2Q19 (59.8) Operating Revenue Operating Income Net Income EBITDAR
Slide 10: The New Group's Fleet Structure
The New Group's Fleet Structure Finance Leased/ Operating Owned Leased pune 2O Aircraft Type 181 Fleets Operating Leased 90.0% 141 Garuda Indonesia Boeing 777-300 Airbus 330-200 Wide Body ATR72-600 2 2 : 60 Boeing 737-300 Boeing 737-500 Airbus 320-200 Neo 20 Fleets . Finance Leased/ Average Age (Gar
Slide 11: Our Target & Initiatives in 2019
Our Target & Initiatives in 2019 Financial Performance Currency Exchange (Consolidated) Target 2019 ¢ Revenue USDS5,é4 billion * 16.000 IDR/USD ¢ Net Profit USD71,0 million tauBeres® gelk @spPs 4 — = Initiatives ew : i Garuda Energi Garuda Daya 2019 Freighter Go-Excellent Logistic & Komersial Pratam
Slide 12: Garuda Indonesia: Cargo Strategy 2019
Garuda Indonesia: Cargo Strategy 2019 To Be Air Cargo Operator & Logistics Provider by Providing Value to Customer, Improve Safety and Productivity —C STRATEGIC DIRECTION >) Vv Vv Vv Vv GO-FREIGHTER GO-LOGISTIC GO-EXPRESS GO-EXCELLENT Develop Cargo Freighter to Seamless Logistics Improving First Mil
Slide 13: Cargo Strategic Direction
Cargo Strategic Direction e GO-LOGISTIC Develop cargo village as logistics hub in Jakarta and Denpasar to improve seamless logistics services to the customers. - _ GO-EXCELLENT Logistic Hub Function in CGK Project Beihang UAS 2019 + Capacity 4 billion Kgs + Distribution Terminal of Air-Cargo and Par
Slide 14: GO-Express
GO-Express “Service collaboration between Go-Express + well known ride-hailing operator to improve delivery speed to response rapid growth in e-Commerce” First Mile Airport: 2222222 aie carrie Last Mile End Agent Ground Handler Ground Handler Agent Customer Consolidation Cargo Warehouse Cargo Wareho
Slide 15: GO-Excellent: Logistics Marketplace Apps Under Our Subsidiary Citilink
GO-Excellent: Logistics Marketplace Apps Under Our Subsidiary Citilink > Garuda Indonesia Citilink (Z ig TransNusa “E-Commerce is a lifestyle and have replaces the traditional way of doing business and trade. And the backbone of those is logistics” tauBeres will connect e-Commerce and Online Logisti
Slide 16: Our SOEs Synergy By Creating A Holding Company As An Integrated Logistics Player
Our SOEs Synergy By Creating A Holding Company As An Integrated Logistics Player Synergy in Logistic Business Cargo Business Entities Owned by Holding Member ), wR ANGKASA mura” >» Aerowisata AngkasaPura | Locistics Garuda Indonesia KARGO RERCAASAET DRE RE O------------------------ O------- === ---
Slide 17: MRO New Initiatives
MRO New Initiatives gelkd @ GARUDA P Provide tire retread Provide engine Procurement & trading Provide skilled Airframe maintenance Provide Aircraft facility & distribution repair/overhaul for aviation business, manpower and services & aerospace park Leasing services in cooperation with OEM, __ serv
Slide 18: MROs Strategic Partnership
MROs Strategic Partnership MMMM MMMM Garuda Indonesia The Aire of indonesia | > GMF PeroAsia GARUOA INDONESIA GROUP | Batam SB nero Technic UL — CAS nooesura | | WML sie AIRFRANCE / KLIVI INDUSTRIES Engineering & ‘Maintenance | MM 18
Slide 19: Appendix
Appendix
Slide 20: Improves the Group's Profitability by 130.7% in 2Q19
Improves the Group's Profitability by 130.7% in 2Q19 (currency in million USD, except stated otherwise) INDICATOR 201 % YOY 6M 201 6M 2019 %YO REVENUE EBITDAR 246.4 372.5 37.2 A 60.3 488.8 689.7 A 411 Scheduled Airline Service 875.3 924.9 9300 A 1.6 1,703.8 1,855.0 & 8.9 Non-Scheduled Airline Servic
Slide 21: The Group Continuously Maintains Yields in Positive Moves
The Group Continuously Maintains Yields in Positive Moves (currency in million USD, except stated otherwise) INDICATOR 201 20 % YOY 6M 20 6M2019 % YO OPERATIONAL Utilization (Hour) 9:39 751 7:7 Vv s(1:52) 9:40 7:49 v (1:51) On-Time Performance (%) 89.5 91.9 94.3 A 48pp 89.0 93.1 A 41pp ASK (Billion)
Slide 22: Both Domestic and International Segments' Yields are Improved
Both Domestic and International Segments’ Yields are Improved Note: All numbers and figures represent only for Garuda Indonesia (Main Brand) INDICATOR 20 1Q 201 2Q 2019 % YOY 6M 2! 6M2019 % YO DOMESTIC Passenger Carried (Million) 4.8 3.5 3.6 wv (24.8) 93 74 Vv (23.4) ASK (Billion) 57 4.2 43 Vv (25.2
Slide 23: GIAA and Peers
GIAA and Peers Source: Company Data & AAPA International Statistic, YTD June 2019 Passenger Carried Growth (%) Availabble Seat Kilometers - ASK Growth (%) China Southern Airline DS «2s China Southern Airline DS 3.0 Singapore Airlines DN es Malaysia Airline ES Asia Pacific El Singapore Airlines DE 7s
Slide 24: Volume Declining Trends Due To Low Season in Ramadhan
Volume Declining Trends Due To Low Season in Ramadhan INDICATOR 1Q 201 % YOY 6M 20 6M2019 GARUDA INDONESIA Passenger Carried (Million) 6.0 4.6 47 Vv (22.2) N17 93 ASK (Billion) 13.0 1.9 nA Vv (12.4) 26.0 233 Seat Load Factor (%) n6 71.0 68.5 Vv (3.1)pp 70.9 69.7 Revenue Passenger (in Million) 635.7
Slide 25: To Manage Our Operational Expenses Through Capacity Adjustment
To Manage Our Operational Expenses Through Capacity Adjustment (currency in million USD, except stated otherwise) INDIC 2018 2019 2019 % YoY PoC 8 6M2019 % YoY PoC Fuel 323.8 286.1 2959 W (8.6) 27.9 5820 W (9.0) 27.6 Rental 257.0 2677 2657 A 34 25.0 5335 A 32 253 Maintenance 99.0 118.6 186 A 198 12
Slide 26: Equity Improves by 10.7% YoY; Net Debt/EBITDAR Ratio Improves to 6.8 Times
Equity Improves by 10.7% YoY; Net Debt/EBITDAR Ratio Improves to be 6.8 Times (currency in million USD, except stated otherwise) INDICATOR % Q 2019 ASSET Current Assets 1,092.9 1,253.1 A 147 1,274.6 A 16.6 Non Current Assets 3,074.7 3,075.5 A 0.0 3,101.8 A 0.9 Total Assets 4,167.6 4,328.6 aA 39 4,37
Slide 27: Managing Our Liquidity With Positive Operating Cash USD 309.8 Million
Managing Our Liquidity With Positive Operating Cash USD 309.8 Million (currency in million USD, except stated otherwise) INDICATOR 2018 2019 % YOY 6M 2019 6M 2019 Beginning Cash 306.3 251.2 Az 10.1 306.9 251.2 Cash from Investing Activities (75.2) (1.7) (68.6) Vv 8.8 (172.4) (70.3) Cash from Financi
Slide 28: 2,200.0 2.5 1,700.0 2.0 1,200.0 1.5 700.0 200.0 1.0 (300.0) 0.5 28
2,200.0 2.5 1,700.0 2.0 1,200.0 1.5 700.0 200.0 1.0 (300.0) 0.5 28
Slide 29: The Subsidiaries Revenues USD678.6 Million, Contributed 30.9% of Total Group
The Subsidiaries Revenues USD678.6 Million, Contributed 30.9% of Total Group Citilink at Aerowisata INDICATOR 6M 2019 % Chg. 6M 2019 % Chg. 6M 2019 % Chg. In Thousand USD In Thousand USD In Billion IDR Revenue Contribution to Group (%) 20.4 5.6 3.7 Operating Revenue 414,462.1 A 25.0 246,268.5 A 10.3
Slide 30: Thank You
Thank You Investor Relations Ground Floor, Garuda Indonesia Management Building Soekarno-Hatta International Airport Tangerang - 15111, Indonesia PO BOX 1004 TNG BUSH email: investor@garuda-indonesia.com