Pt Garuda Indonesia (persero) Tbk Class B · IDX:GIAA
Pt Garuda Indonesia (persero) Tbk Class B — Q1 2023 Earnings Presentation
25 slides from Pt Garuda Indonesia (persero) Tbk Class B's earnings presentation, 2023
Slide 1: Corporate Presentation Q1 2023
Corporate Presentation Q1 2023 PT Garuda Indonesia (Persero) Tbk © 2023 GARUDA INDONESIA Garuda Indonesia Support Sustainable Development Goals
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 cont
Slide 3: Summary Highlight
Summary Highlight The opening of Garuda's stock suspension at the beginning of the 2023 performance year has resulted in a positive outlook to accelerate the strengthening of the Company's performance fundamentals. With an increasingly solid foundation of business performance that is also supported
Slide 4: Board of Directors
BOARD OF DIRECTORS Irfan Setiaputra Rahmat Hanafi President & CEO Director of Maintenance Prasetio Tumpal Manumpak Hutapea Director of Finance & Risk Management Director of Operation Ade Ruchyat Susardi Salman El Farisiy Director of Services & Commercial Director of Human Capital
Slide 5: Shareholders Distribution
Shareholders Distribution FOREIGN FOREIGN RETAIL INSTITUTIONAL 0.08% 19.51% NO. OF SHARES % DOMESTIC GOVERNMENT OF REPUBLIC INDONESIA 59,038,124,403 64.54% LOCAL INSTITUTIONAL 1.42% TRANS AIRWAYS 7,316,798,262 8.00% LOCAL INSTITUTIONAL 1,295,784,051 1.42% LOCAL RETAIL 5,906,679,440 6.46% TOTAL DOMES
Slide 6: GIAA Share
GIAA SHARE 18-Jun-21 GIAA Stock Suspension due to postponement of payment of the periodic distribution amount of the USD 14,875,000 Sukuk 3-Jan-23 Revocation of temporary suspension of GIAA stock due to follow-up to the disclosure of Garuda Indonesia's performance restructuring stages at the end of
Slide 7: Full Service Profitable
Fleet Strategy • Maintaining Simple Fleet Type • PBH Optimization Commercial & Network Strategy • Umroh and Hajj optimization • Focus on Profitability Route • Alliance & SKYTEAM Optimization • Distribution Channel Optimization Financial Strategy • Maximizing Funding Solutions • Crew & Fuel Optimizat
Slide 8: Highlights of Garuda Indonesia's Key Events in the First Quarter of 2023
HIGHLIGHTS OF GARUDA INDONESIA'S KEY EVENTS IN THE FIRST QUARTER OF 2023 03 January 13 February 09 March 27 March Stock Suspension Officially Supporting humanitarian missions, Garuda to fly 2115 peacekeepers to Encourage the increase of foreign Opened, Garuda Indonesia Garuda operates humanitarian L
Slide 9: 1Q 2023 Performance Highlight
1Q 2023 Perfomance Highlight RISING PROFITABILITY GROWING OPERATIONS GROWING OPERATIONS Operating Revenue increased by The Group carried 4.53 million The Group Pasenger Yield 72.21% YoY to USD 609.99 passengers or increased by increased by 16.92% YoY to be Million 64.22 % YoY Usc 8.08 Operating resu
Slide 10: Group Passenger Yield Increased Along With ASK
Passenger Yield ASK in Billion in Usc Align With The Incremental of ASK (Available Seat Kilometer), The Group Passenger Yield Increased Yield 16.92% Yield 5.31% Yield 21.14% Yield 0.04% Yield 24.64% ASK 51.28% ASK 55.13% ASK 101.65% ASK 77.08% ASK 23.44% 9.10 9.10 8.08 7.58 6.91 10.64 10.10 7.88 5.0
Slide 11: Passenger Carried Increased & Group Seat Load Factor Improved
Pax Carried SLF In Million In ppts Passenger Carried Increased & The Group Seat Load Factor (SLF) Improved Pax Carried Pax Carried Pax Carried Pax Carried Pax Carried 64.2% 71.0% 442.7% 98.2% 47.3% 4.53 1.45 0.36 2.71 1.81 1.84 2.76 0.85 0.91 69.1% 72.3% 77.8% 75.0% 74.5% 64.2% 69.1% 57.7% 0.07 47.0
Slide 12: The Unit Cost Hikes, Mainly Driven By Fuel Burn
Q1 2022 Q1 2023 The Unit Cost Hikes, Mainly Driven By Fuel Burn FUEL BURN In Million Liter 30.55% 53.53% 53.56% 102.34% 75.75% 40.10 88.15 71.32 159.47 48.05 81.13 154.92 93.11 248.02 73.78 CASK in USc 6.09% -6.73% 8.33% -2.95% 15.92% 6.56 9.15 5.97 7.65 5.39 6.96 6.47 7.42 6.25 8.53 CASK excl. Fuel
Slide 13: The Group Financial Improvement Has Seen in Q1/2023
Q1 2023 Q1 2022 The Group Financial Improvement Has Seen in Q1/2023 Operating Operating 72.21% 85.49% Revenue Result 602.99 Q1 2022 Q1 2023 -23.46 350.16 Q1 2022 Q1 2023 -161.63 The Group The Bottom Line is Also Improved in Q1/2023 EBITDA Net Income 50.91% 114.09% 103.04 Q1 2023 Q1 2022 48.13 -110.0
Slide 14: Target & Initiatives
Target & Initiatives INDICATOR TARGET FY 2023 ACHIEVEMENT 1Q 2023 Operational (Consolidation) Passenger volume 24.8 Million (FY) 4.52 Million Cargo Volume 301.9 Thousand Ton 39.54 Thousand Ton ASK (Available Seat Kilometer) 41.7 Billion 5.01 Billion Financial (Consolidation) Passenger yield Usc 8.32
Slide 15: The Group's Operated Aircraft
The Group’s Operated Aircraft Operated by Garuda Indonesia Operated by Citilink Avg aircraft age 11,28 Avg aircraft age 10,19 Aircraft Type Dec-22 Mar-23 Aircraft Type Dec-22 Mar-23 Narrow Body Narrow Body Boeing 737-800NG 32 35 Airbus 320-200 32 32 Total Narrow Body 32 35 Airbus 320-200 Neo 6 5 Wid
Slide 16: Appendix
APPENDIX
Slide 17: Consolidated Statement of Profit (Loss)
Consolidated Statement of Profit (Loss) Improves The Group Profitability by 72.21% in Q1 2023 INDICATOR Q1 2023 Q1 2022 % YOY REVENUE Schedule Airline Service 506,825,022 270,575,091 87.31% Non Schedule Airline Service 12,814,651 24,076,449 -46.78% Others* 83,352,056 55,503,935 50.17% Operating Reve
Slide 18: Consolidated Operational Performance
Consolidated Operational Perfomance The Group Took on board 4.5 Million Passengers in Q1 2023 INDICATOR Q1 2023 Q1 2022 % YoY OPERATIONAL *Utilization (hour) 7:35 5:56 27.81% *On-Time Perfomance 88.18 91.25 -3.36% ASK (Billion) 7,579,813 5,010,410 51.28% Seat Load Factor (%) 74.50 57.70 16.79 pp Pas
Slide 19: International Market Improve Significantly; Domestic Market Increased
International Market Improve Significantly; Domestic Market increased Note : All numbers and figures represent only for Garuda Indonesia (Main Brand) Domestic Q1 2023 Q1 2022 % YoY Passenger Carried (Million) 1,449,862 847,844 71.01% ASK (Billion) 2,130,554 1,373,398 55.13% Seat Load Factor (%) 69.1
Slide 20: Improve Group Performance Through Tariff Adjustment in 1Q 2023
Improve Group Performance Through Tarif Adjustment in 1Q 2023 Main Brand Q1 2023 Q1 2022 % YoY Passenger Carried (Million) 1,813,326 914,806 98.22% ASK (Billion) 4,605,301 2,600,647 77.08% Seat Load Factor (%) 72.33 47.08 25.25 pp Revenue Passenger 303,199,796 111,408,925 172.15% Passenger Yield (US
Slide 21: Largest Expenditure Contribution Is From Fuel
Currency in Million USD, except stated otherwise PoC (Percentage of INDICATOR Q1 2023 Q1 2022 % YOY contribution) Fuel 213,230,514 131,357,411 62.33% 35% Aircraft Lease 15,589,455 2,075,292 651.19% 3% Depreciation 126,497,514 209,754,218 -39.69% 21% Maintenance and Repairs 78,824,655 108,824,488 -27
Slide 22: Consolidated Statement of Financial Position
Consolidated statement of Financial Position INDICATOR Q1 2023 FY 2022 % Chg. ASSETS Current Assets 791,902,618 801,153,825 -1.15% Non current assets 5,394,019,618 5,433,857,154 -0.73% Total Assets 6,185,922,236 6,235,010,979 -0.79% Liability Current liabilities 1,748,164,775 1,681,029,672 3.99% Non
Slide 23: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow INDICATOR Q1 2023 Q1 2022 %YOY CASH FLOWS Cash from operating activities (24,152,222) 49,884,829 -148.42% Cash from investing activities (92,603,663) (9,569,184) 867.73% Cash from financing activities 5,786,409 (10,166,777) 156.91% Beginning cash 521,682,689 54,44
Slide 24: The Subsidiaries Revenue Contributed Share of Total Group
The Subsidiaries Revenue USD 297.811 Million, Contributed 49.39% of Total Group USD (Mio) USD (Mio) IDR (Bio) INDIKATOR Q1-2023 Grw*% Q1-2023 Grw*% Q1-2023 Grw*% Pendapatan Usaha 179,96 48.71 85.82 71.68 237.83 8.26 Laba (Rugi) Usaha (29,86) 242.90 7.04 233.24 39.76 179.61 Laba (Rugi) Bersih (55,41)
Slide 25: Terima Kasih
—s- | x ———- GROWING WITH RESILIENCE READY TO FLY HIGHER
PT Garuda Indonesia (Persero) — Q1 2023 Earnings Presentation on 6ix