Pt Japfa Comfeed Indonesia Tbk Class A · IDX:JPFA
Pt Japfa Comfeed Indonesia Tbk Class A — Investor Presentation (2024)
27 slides from Pt Japfa Comfeed Indonesia Tbk Class A's investor presentation, 2024
Slide 1: Investor Presentation 1H2024
PT JAPFA COMFEED INDONESIA Tbk INVESTOR PRESENTATION 1H2024 Akselerasi Sinergi dan Kolaborasi Untuk Pertumbuhan Yang Berkelanjutan Accelerating Synergy and Collaboration Towards Sustainable Growth
Slide 2: Index
Index Company Overview Key Investment Highlights Financial and Operational Highlights
Slide 3: Company Overview
COMPANY OVERVIEW
Slide 4: Vertically Integrated Business Model
Company Overview Core competencies across the value chain POULTRY AQUACULTURE BEEF CATTLE UPSTREAM ANIMAL FEED VERTICALLY INTEGRATED BUSINESS MODEL 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 and Genetics – 2nd largest feed and DOC producer in Indonesia with – Exclusive relationship with Aviagen (on broilers) for significant scale across the value chain: the sourcing of grandparent stock with superior
Slide 6: Japfa: Well positioned for long-term growth
Japfa: Well positioned for long-term growth Poultry leader in Indonesia − Aquaculture is primarily a feed business with some − 2nd largest poultry feed producer in farming overlay Indonesia − Protein diversification − Core business and stable segment of strategy for varying the value chain consumer
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 New and non-essential Capex
Slide 8: Key Investments Highlights
KEY INVESTMENTS 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 Poultry meat consumption has increased in tandem Poultry Meat Consumption per capita in Asia with GDP in Indonesia (kg per capita – 2023) 9 2022 Malaysia 50.5 2022 2021 Consumption per capita/ kg 8 2016 7 2013 2
Slide 11: Well-established market leader in the Indonesian animal protein sector
Well-established market leader in the Indonesian animal 2 protein sector Nationwide footprint with presence in all major islands Significant economies of scale given procurement Logistical feat given that Indonesia is an archipelago; volume of raw materials, especially in conjunction with serves
Slide 12: Poultry Feed: Stable Base Margin
PT Japfa Tbk Poultry Feed: Stable Base Margin Cost-of-living 400 pressures 16% Covid Impact 350 14% LTM OPM Poultry Feed 12% 300 Price Change3 10% 250 8% 200 6% 150 4% 100 2% 50 0% Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 Jun-22 Jun-23 Jun-24 Sep-14 Sep-15 Sep-16 Sep-17 Sep-18 Sep-19 Sep-20
Slide 13: Segmental Trends: PT Japfa Tbk (Poultry)
Segmental Trends: PT Japfa Tbk (Poultry) Revenue (IDR Billion) Operating Profit (IDR Billion) Operating Profit Margin (%) 72,574 68,555 62,126 7,902 3,221 25.0% 7,619 3,521 6,505 242 239 2,783 3,233 47,123 24,881 22,424 195 1,112 417 5,037 20,361 264 237 1,722 6,819 6,499 13.6% 16.3% 15,625 6,895 5,
Slide 14: Leading Pan-Asian Industrialised Agri-Food Company
3 Leading Pan-Asian Industrialised Agri-Food Company WHAT WE DO WHERE WE ARE WHY WE DO IT We produce quality We employ over 1.7 billion people living protein staples and 37,000 people across in our target markets packaged food that Singapore, Indonesia, More than 20% of the nourish millions of Vietn
Slide 15: Industrialised Business Model: Leading Market Positions
4 Industrialised Business Model: Leading Market Positions Leading upstream regional market positions DOC Production1 Vietnam 11% #2 Poultry Feed Production1 Myanmar 31% #1 DOC Production1 Myanmar 22% #2 2nd largest Indonesian poultry feed and DOC producer2 Poultry feed production capacity market sha
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* Ito Sumardi Syamsir Siregar Bambang Budi Hendarto Hendrick Kolonas Djuni Sanyoto President Vice President Commissioner Independent Commissioner Commissioner Commissio
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 IDR Billion IDR Billion IDR Billion IDR Billion 14.5% y-o-y 287.7% y-o-y 161.5% y-o-y 1314.9% y-o-y 1H2024 27,649 2,650 3,217 1,590 1H2023 24,156 683 1,230 112 Substantial improvement due to higher feed margins, poultry prices
Slide 19: PT Japfa Tbk: Managing Cyclicality
PT Japfa Tbk : Managing Cyclicality Revenue Operating Profit IDR Billion IDR Billion 60,000 51,176 3,222 48,972 3,500 50,000 44,878 2,803 3,000 2,635 2,650 40,000 36,965 2,500 2,264 27,649 2,000 30,000 1,412 1,475 1,535 1,361 1,500 1,213 1,115 872 979 941 20,000 1,000 627 748 13,925 543 13,724 406 3
Slide 20: PT Japfa Tbk: Growth plans
PT Japfa Tbk: Growth plans An established platform with more than 50 years experience Leading market position: second largest poultry company Economies of scale: cost advantage Feed: a pillar of profitability Proven ability to navigate agri-business cyclicality Future growth drivers: Downstr
Slide 21: PT Japfa Tbk: Aquaculture 4-year trend
PT Japfa Tbk: Aquaculture 4-year trend Revenue Operating Profit IDR Billion IDR Billion 5,000 4,754 4,585 350 327 3,954 299 4,000 300 3,471 250 219 3,000 202 2,275 200 153 2,000 150 1,109 1,166 88 100 65 1,000 50 0 0 FY2020 FY2021 FY2022 FY2023 1Q2024 2Q2024 FY2020 FY2021 FY2022 FY2023 1Q2024 2Q2024
Slide 22: PT Japfa Tbk: Vaksindo 4-year trend
PT Japfa Tbk: Vaksindo 4-year trend Revenue Operating Profit IDR Billion IDR Billion 250 600 567 215 499 490 196 200 188 500 408 400 144 150 302 300 100 100 200 144 158 52 48 50 100 0 0 FY2020 FY2021 FY2022 FY2023 1Q2024 2Q2024 FY2020 FY2021 FY2022 FY2023 1Q2024 2Q2024 Vaksindo continues to deliver
Slide 23: Major Global External Factors
Major Global External Factors Geopolitical tensions, especially the situation in Europe and, more recently, in the Middle East, may cause disruptions to global economies, supply chains and commodities prices. These may impact the cost of raw materials and consumer purchasing power. We continue to
Slide 24: Japfa Sustainability Journey
Japfa Sustainability Journey Sustainability has been at The standalone sustainability Participated as a road tester in the Social Japfa Tbk received an SLL from the core of our operations report was issued to LCA/SLCA Project initiated by the United BNI valued at IDR 1.42 trillion. since the Company
Slide 25: Proven financial track record
Proven financial track record Net Revenues Operating Profit EBITDA Net Profit (IDR Billion) (IDR Billion) (IDR Billion) (IDR Billion) 27,649 2,650 3,217 24,156 1,230 1,590 683 112 1H2023 1H2024 1H2023 1H2024 1H2023 1H2024 1H2023 1H2024 Total Assets Net Debt / Equity (%) CAPEX Total Interest Bearing
Slide 26: Capex
Capex (IDR Billion) 1,940 1,984 715 FY2022 FY2023 1H2024 25
Slide 27: 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 the Japfa Group. Shareholders and potential investors are advised to seek independent advice in the making of any i
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