Pt Garuda Indonesia (persero) Tbk Class B · IDX:GIAA
Pt Garuda Indonesia (persero) Tbk Class B — Q3 2018 Earnings Presentation
19 slides from Pt Garuda Indonesia (persero) Tbk Class B's earnings presentation, Nov 2, 2018
Slide 1: Corporate Presentation Q3/2018 - Corporate Performance
Jakarta, 2 November 2018 Corporate Presentation Q3/2018 - Corporate Performance
Slide 2: Shares Information
Shares Information GIAA IJ Equity - Last Price (R1) 206 JCI Index - Last Price (L1) 5,976.553 6,800 450 6,600 6,400 400 6,200 350 6,000 5,977 5,800 300 5,600 5,400 250 5,200 5,000 206 200 SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 2016 2017 20
Slide 3: New BOD with New Spirit!
New BOD with New Spirit! Board of Directors As the result of Extraordinary General Meeting of Shareholders (EGMS) on September 12, 2018 New Director of Human Capital Same as Previous Heri Akhyar Formerly CEO PT Pelindo Energy Logistic Director of Operation Director of Finance & Risk Management Bamba
Slide 4: Our Quick Wins Priority
Our Quick Wins Priority Corporate Culture Transformation through the Development of People, Process, and Technology Revenue Enhancement Redefine Cost Structure Based on Shared Service Organization 4
Slide 5: Our 9M/2018 Performance Highlights
Our 9M/2018 Performance Highlights Operating Revenue US$3,220.0 Million (+3.5% YoY) Operating Expense US$3,290.8 Million (+2.2% YoY) FINANCIAL Net Profit (Loss) (US$110.2) Million (+50.3% YoY) PERFORMANCE • Q3/2018 US$3.7 Million (-94.0% YoY) EBITDAR US$886.7 Million (+8.4% YoY) Cargo Revenue US$177
Slide 6: To Book Net Income US$3.7 Million Amidst Tough Period in Q3/2018
To Book Net Income US$3.7 Million Amidst Tough Period in Q3/2018 (currency in million USD, except stated otherwise) INDICATOR Q3/17 Q1/18 Q2/18 Q3/18 % yoy 9M/17 9M/18 % yoy REVENUE EBITDAR 422.4 231.5 256.5 377.9 (10.5) 799.8 866.7 8.4 Scheduled Airline Service 885.9 828.5 875.3 863.5 (2.5) 2,521.9
Slide 7: Number of Passenger Increased by 7.9% yoy in 9M/2018
Number of Passenger Increased by 7.9% yoy in 9M/2018 *) Represent only for Garuda Indonesia (Main Brand) INDICATOR Q3/17 Q1/18 Q2/18 Q3/18 % yoy 9M/17 9M/18 % yoy OPERATIONAL Utilization* (Hour) 9:49 9:41 9:39 9:45 (0:04) 9:34 9:42 0:08 On-Time Performance* (%) 89.2 88.8 93.0 90.6 1.4 pp 87.3 89.7 2
Slide 8: External Issues Including Natural Disasters Affect Operational Performance
External Issues Including Natural Disasters Affect Operational Performance INDICATOR Q3/17 Q1/18 Q2/18 Q3/18 % yoy 9M/17 9M/18 % yoy DOMESTIC Passenger Carried (Million) 5.0 4.4 4.8 5.0 (1.2) 14.2 14.3 0.7 ASK (Billion) 5.8 5.6 5.7 5.6 (2.4) 17.1 16.9 (1.3) Seat Load Factor (%) 76.2 69.7 74.3 78.9 2
Slide 9: GIAA vs Peers
GIAA vs Peers Source: Company Data & AAPA International Statistic, YTD August 2018 PASSENGER CARRIED GROWTH AVAILABLE SEAT KILOMETERS (ASK) GROWTH China Southern Airlines 16.9 China Southern Airlines 14.8 Qantas Airways 9.8 Asia Pacific 6.5 All Nippon Airways 8.3 All Nippon Airways 5.2 Asia Pacific
Slide 10: Citilink Grabs the Volume & Improves Top Line
Citilink Grabs the Volume & Improves Top Line INDICATOR Q3/17 Q1/18 Q2/18 Q3/18 % yoy 9M/17 9M/18 % yoy GARUDA INDONESIA Passenger Carried (Million) 6.2 5.6 6.0 6.1 (1.9) 17.8 17.7 (0.6) ASK (Billion) 11.4 13.0 13.0 11.0 (3.2) 37.3 37.0 (0.6) Seat Load Factor (%) 76.8 70.2 71.6 78.8 2.0 pp 73.8 73.2
Slide 11: To Close Leaks and Inefficiencies through Maintaining the Other Expenses
To Close Leaks and Inefficiencies through Maintaining the Other Expenses (currency in million USD, except stated otherwise) INDICATOR Q3/17 Q1/18 Q2/18 Q3/18 % yoy PoC 9M/17 9M/18 % yoy PoC Fuel 297.2 316.0 323.8 379.7 27.8 32.1 868.3 1,019.5 17.4 31.0 Rental 281.8 260.1 257.0 293.9 4.3 24.8 799.0 8
Slide 12: Fleet Structure
Fleet Structure AIRCRAFT DEC SEP TARGET TYPE 2017 2018 2018 Boeing 777-300ER 10 10 - 10 10 Boeing 747-400 2 2 2 - - Airbus A330-200 7 7 - 7 7 Airbus A330-300 17 17 6 11 17 Wide Body 36 36 8 28 34 Utilization 10:54 11:18 Boeing 737 MAX 8 1 1 - 1 1 Boeing 737-800NG 73 73 - 73 73 CRJ1000 NextGen 18 18
Slide 13: Debt Ratio is Still Maintained Improved at Level 7.4x
Debt Ratio is Still Maintained Improved at Level 7.4x (currency in million USD, except stated otherwise) INDICATOR FY/17 Q1/18 % Chg. Q2/18 % Chg. Q3/18 % Chg. ASSET Current Assets 986.7 1,050.8 6.5 1,047.1 6.1 1,079.5 9.4 Non Current Assets 2,776.6 2,901.8 4.5 2,968.7 6.9 3,030.8 9.2 Total Assets 3
Slide 14: Improves the Operating Cash Flow with Positive Numbers
Improves the Operating Cash Flow with Positive Numbers (currency in million USD, except stated otherwise) INDICATOR Q3/17 Q1/18 Q2/18 Q3/18 % yoy 9M/17 9M/18 % yoy Beginning Cash 380.5 306.9 305.1 301.9 (20.7) 578.7 306.9 (47.0) Cash from Operating Activities 126.5 (38.3) 83.3 280.4 121.5 (22.5) 327
Slide 15: Maintaining Financial Ratio Above the Covenant Terms
Maintaining Financial Ratio Above the Covenant Terms (currency in million USD, except stated otherwise) INDICATOR FY/17 Q1/18 % Chg. Q2/18 % Chg. Q3/18 % Chg. Short Term Debt 1,079.7 1,212.4 12.3 1,200.6 11.2 996.4 (7.7) Long Term Debt 555.1 550.1 (0.9) 545.1 (1.8) 574.7 3.5 Leasing 80.7 77.3 (4.2)
Slide 16: The Subsidiaries Revenues US$821.2 Million, Contributed 25.5% of Total Group
The Subsidiaries Revenues US$821.2 Million, Contributed 25.5% of Total Group (currency in thousand USD, except stated otherwise) INDICATOR 9M/2018 % Chg. 9M/2018 % Chg. 9M/2018 % Chg. Revenue Contribution to Group (%) 16.1 4.5 3.6 Operating Revenue 518,632.9 18.7 334,699.6 7.8 180,524.0 (0.8) Operat
Slide 17: Enhance Revenue through Market Expansion and Product Improvement
Enhance Revenue through Market Expansion and Product Improvement Garuda Indonesia and The Indonesian National Police Ground Services • Counter check-in Business Class (POLRI) Sign Renewal Introducing • Luggage Tag Business Class Agreement “EXPLORE BIZ-CLASS” • Baggage Allowance 30kg • Executive Loun
Slide 18: Develop Cargo Business as Integrated Logistics Services
Develop Cargo Business as Integrated Logistics Services Cargo & Business Development Strategy • Increase the cargo rates, • Business process improvement from cargo agents to loading process to reduce irregularities, • Development in logistics services. Air Transport Airport Beyond Airport Air Cargo
Slide 19: PT Garuda Indonesia (Persero) Tbk
PT Garuda Indonesia (Persero) Tbk © 2018 - All Rights Reserved Registered Office Investor Relations Garuda Indonesia Building Ground Floor, Garuda Indonesia Management Building Jl. Kebon Sirih No. 46A Soekarno-Hatta International Airport Jakarta - 10110, Indonesia Tangerang - 15111, Indonesia PO BOX
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