Pt Garuda Indonesia (persero) Tbk Class B · IDX:GIAA
Pt Garuda Indonesia (persero) Tbk Class B — Q1 2025 Earnings Presentation
31 slides from Pt Garuda Indonesia (persero) Tbk Class B's earnings presentation, May 21, 2025
Slide 1: Corporate Presentation 1Q 2025
CORPORATE PRESENTATION 1Q 2025 PT GARUDA INDONESIA (PERSERO) TBK Cengkareng, 21 May 2025
Slide 2: Disclaimer
DISCLAIMER This presentation material was prepared by PT Garuda Indonesia (Persero) Tbk. (“GIAA”/“Company”) and has not been independently verified. No representation or warranty. express or implied. is made and no reliance is made on the accuracy or completeness of the information presented or conta
Slide 3: Dewan Komisaris / Board of Commissioners
DEWAN KOMISARIS BOARD OF COMMISIONERS 1 Marsekal TNI (Purn) Fadjar Prasetyo Komisaris Utama merangkap Komisaris Independen President Commissioner and Independent Commissioner 2 Timur Sukirno Komisaris Independen Independent Commissioner 3 Chairal Tanjung Komisaris Commissioner 4 Mayjen TNI (Purn) Gl
Slide 4: Dewan Direksi / Board of Directors
DEWAN DIREKSI BOARD OF DIRECTORS 1 Wamildan Tsani Direktur Utama President & CEO 2 Prasetio Direktur Keuangan dan Manajemen Risiko Director of Finance and Risk Management 3 Tumpal Manumpak Hutapea Direktur Operasi Director of Operation 4 Rahmat Hanafi Direktur Teknik Director of Maintenance 5 Ade R.
Slide 5: GIAA Shareholders Distribution
GIAA SHAREHOLDERS DISTRIBUTION After Rights Issue and Private Placement in December 2022, SHARES OWNERSHIP MAR 2025 Below Composition of GIAA Share Ownership. % DOMESTIC GOVERNMENT OF REPUBLIC 1 share of Series A golden share INDONESIA BIRO KLASIFIKASI INDONESIA 59.038.124.402 64,54% FOREIGN RETAIL
Slide 6: Summary Highlight
SUMMARY HIGHLIGHT In the first quarter of 2025, PT Garuda Indonesia (Persero) Tbk. delivered a resilient performance, recording consolidated operating revenue of USD 723.56 million, up 1.63% year-on-year. This was supported primarily by core scheduled flight revenue, which contributed around 83% of to
Slide 7: Highlights of Garuda Indonesia's Key Events in 1Q 2025
HIGHLIGHTS OF GARUDA INDONESIA'S KEY EVENTS IN 1Q 2025 6 JANUARY 11 FEBRUARY 21 FEBRUARY 6 MARCH The Singapore Tourism Board, Garuda Indonesia, and Garuda Indonesia Group Supports “Makan In celebration of National Waste Care Day, Garuda Indonesia Group has prepared 1.9 million Changi Airport Group a
Slide 8: Key Challenge Ahead 2025 - Beyond
KEY CHALLENGE AHEAD 2025 - BEYOND Despite the positive recovery momentum, several external headwinds remain that may affect performance going forward: Cost Inflation Rising operational costs—particularly aviation fuel, maintenance, and labor—continue to exert pressure on margins. Supply Chain Disrup
Slide 9: Garuda Group Aspiration Support
GARUDA GROUP ASPIRATION SUPPORT 9
Slide 10: Strategic Pillar 2025
STRATEGIC PILLAR 2025 Garuda Indonesia’s strategic roadmap to enhance profitability, strengthen market position, and drive sustainable growth in 2025 and beyond. GEARED UP TO ELEVATE SIMPLE ◦ Straightforward business process ◦ Collaborative environment PROFITABLE & INCREASE MARKET SHARE ◦ Beneficial f
Slide 11: Garuda Aspires for the Next Horizon: Driving Growth through Routes, Ecosystem, and Enablers
Garuda aspires for the next horizon : Driving Growth through Routes, Ecosystem, and Enablers Horizon 1 (2021-2022) Horizon 2 (2022-2024) Horizon 3 (2025+) RESTRUCTURING BUILDING THE CORE WIN BACK THE MARKET Restructured over USD 5 billion Fuel Efficiency Improvements 50% Domestic Market Share debt A
Slide 12: Partnership Highlights
Partnership Highlights Codeshare SPA Alliance SkyTeam 19 (Special Prorate Agreement) Partners 21Partners 64 Partners 146 Routes Strategic Partners 2 Partners 2024 & 2025 Milestones Innagural flight Jakarta – Doha, Audit SkyTeam 2024 achieved Anti-Trust Immunity (ATI) partnership with Qatar complianc
Slide 13: Loyalty & Ancillary Milestone 1Q 2025
LOYALTY & ANCILLARY MILESTONE 1Q 2025 LOYALTY ANCILLARY JAN 2025 FEB 2025 FEB 2025 MAR 2025 Program Akuisisi Garuda x GarudaMiles Loyalty Summit Peluncuran Domestic Airport Hana Card Signing Ceremony bluDebit Card (GbDC) 2025: Partner Appreciation Transfer FEB 2025 FEB 2025 MAR 2025 MAR 2025 GarudaM
Slide 14: Management Highlight 1Q 2025
MANAGEMENT HIGHLIGHT 1Q 2025 RESILIENT REVENUE MAINTAINED FINANCIAL COMMITMENT PERFORMANCE OPERATIONAL RECOVERY EXECUTION Consolidated operating revenue grew by The Group successfully served 5.12 On-time payment under Homologation 1.63% YoY, reaching USD 723.56 million. million passengers in 1Q 2025
Slide 15: Operational & Financial 1Q 2025
OPERATIONAL & FINANCIAL 1Q 2025
Slide 16: The Group's Financial
THE GROUP’S FINANCIAL OPERATING REVENUE 723,56 31,61 711,98 OPERATING RESULT USD MILLION USD MILLION 16,59 1,63% 90,54% -23,46 602,99 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 EBITDA 196,67 NET INCOME -110,04 -86,82 -75,93 USD MILLION USD MILLION 168,3 16,85% 12,55% 103,04 Q1 2023 Q1 2024 Q1 2
Slide 17: The Group's Operating Revenue Highlight
THE GROUP’S OPERATING REVENUE HIGHLIGHT Scheduled Airlines Service Non Schedule Airlines 603,68 USD million 37,96 USD million 0,78% 599,02 92,88% 506,83 19,68 12,81 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Others USD million 93,28 1Q 2019 1Q 2025 Recovery INDICATOR -12,18% Pre Covid Current L
Slide 18: The Group's Operational Performance Highlight
THE GROUP’S OPERATIONAL PERFORMANCE HIGHLIGHT Passenger Carried Cargo Carried In million passenger 58,15 5,42 In Ton -5.51% 4.58% *YoY *YoY 5,12 55,601 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Available Seat Kilometer (ASK) In billion ASK 9,61 1Q 2019 1Q 2025 Recovery 5.69% INDICATOR Pre Covid Current Level
Slide 19: The Group's Operating Expense Highlight
THE GROUP'S OPERATING EXPENSE HIGHLIGHT Fuel Burn CASK (In million liter) (COST AVAILABLE SEAT KILOMETERS) 316,9 USc 7,03 6.35% -5.18% *YoY 297,99 6,66 Q1 2024 Q1 2025 Q1 2024 Q1 2025 CASK EXC FUEL (COST AVAILABLE SEAT KILOMETERS EXC FUEL) USc 4,48 -1.84% *YoY 4,39 • Fuel Contributes 30-40% to total
Slide 20: The Group's Operated Aircraft
THE GROUP’S OPERATED AIRCRAFT Operated by Garuda Indonesia Operated by Citilink Aircraft Type Mar-24 Mar-25 Aircraft Type Mar-24 Mar-25 Narrow Body Narrow Body Boeing 737-800NG 37 42 Airbus 320-200 31 34 Total Narrow Body 37 42 Airbus 320-200 Neo 6 5 Wide Body ATR72-600 5 2 Boeing 777-300ER 7 7 Tota
Slide 21: Garuda Indonesia Parent Only
GARUDA INDONESIA PARENT ONLY OPERATING REVENUE FROM PARENT ROSE BY 12% FINANCIAL INDICATORS 1Q-2025 *GROWTH (%) Operating Revenue 476.8 12.4% Operating Income 19.1 269.2% Net Income (43.2) 37.3% Assets 4,356.9 -5.3% Liabilities 4,866.2 -4.7% Equity (509.3) -0.6% *Growth is a comparison with 1Q-2024
Slide 22: Garuda Indonesia Parent Only – April 2025
GARUDA INDONESIA PARENT ONLY – APRIL 2025 FINANCIAL & OPERATIONAL PERFORMANCE (PARENT) Operating revenue in April 2025 reached USD 165 million, up 19% from March 2025 Growth was mainly driven by: ✓ 18% increase in passenger revenue ✓ Ancillary revenue surged by 1005% ✓ Charter revenue increased by 3
Slide 23: The Subsidiaries Revenue approximately USD 331.19 Million
The Subsidiaries Revenue approximately USD 331,19 Million FINANCIAL INDICATORS Q1-2025 Grw*% Q1-2025 Grw*% Q1-2025 Grw*% Operating Revenue 198,08 -12,49 95,36 -3,27 601,89 0,70 Operating Income 0,20 -98,64 10,63 12,26 39,05 -24,09 Net Income (36,94) -59,88 3,79 54,07 32,16 1,10 Assets 2.080,08 0,43
Slide 24: Appendices
APPENDICES
Slide 25: Consolidated Operational Performance (1)
CONSOLIDATED OPERATIONAL PERFORMANCE (1) The Group Took on board 5,12 Million Passengers in 1Q 2025 INDICATOR 1Q 2024 1Q 2025 %YOY OPERATIONAL *Utilization (hour) 07:37 07:51 00:14 *On-Time Perfomance 88,59 87,09 -1,50 PP ASK (Billion) 9,09 9,61 5,69% Seat Load Factor (%) 74,66 78,76 4,10 pp Passeng
Slide 26: Consolidated Operational Performance (2)
CONSOLIDATED OPERATIONAL PERFORMANCE (2) International Market Improve; Domestic Market increased (Currency in Million USD, except stated otherwise) Domestic 1Q 2024 1Q 2025 %YOY Passenger Carried (Million) 1,89 1,93 2,09% ASK (Billion) 2,47 2,47 0,00% Seat Load Factor (%) 78,25 78,78 0,53 pp Revenue
Slide 27: Consolidated Operational Performance (3)
CONSOLIDATED OPERATIONAL PERFORMANCE (3) Main Brand 1Q 2024 1Q 2025 %YOY Passenger Carried (Million) 2,42 2,65 9,29% ASK (Billion) 5,66 6,76 19,49% Seat Load Factor (%) 73,89 79,62 5,73 pp Revenue Passenger 351,7 399,1 13,48% Passenger Yield (USc) 8,41 7,41 -11,87% Average Fares (US$) 145,16 150,72
Slide 28: Consolidated Statement of Profit (Loss)
CONSOLIDATED STATEMENT OF PROFIT (LOSS) (Currency in Million USD, except stated otherwise) INDICATOR 1Q 2024 1Q 2025 **% YOY REVENUE Schedule Airline Service 599,02 603,69 0,78% Non Schedule Airline Service 19,68 37,96 92,89% Others* 93,28 81,92 -12,18% Operating Revenue 711,98 723,57 1,63% EXPENSES
Slide 29: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Currency in Million USD, except stated otherwise) INDICATOR FY 2024 1Q 2025 *% Chg. ASSETS Current Assets 553,90 576,21 4,03% Non current assets 6064,70 5882,04 -3,01% Total Assets 6618,61 6458,25 -2,42% LIABILITY Current liabilities 1173,27 1259,88 7,38
Slide 30: Consolidated Statement of Cash Flow
CONSOLIDATED STATEMENT OF CASH FLOW (Currency in Million USD, except stated otherwise) INDICATOR 1Q 2024 1Q 2025 *% Chg. CASH FLOWS Cash from operating activities 86,71 162,28 87,15% Cash from investing activities -81,70 -97,04 18,78% Cash from financing activities -59,90 -58,34 2,60% Beginning cash
Slide 31: Thank You
THANK YOU Investor Relations & Financial Analysis JKTWLGA Management Building 3rd floor, Garuda City, Sorkarno-Hatta International Airport, Jakarta
PT Garuda Indonesia (Persero) — Q1 2025 Earnings Presentation on 6ix